~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday September 27, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Crop Insurance Sign Up Deadline is This Thursday- September 30th
-- Oklahoma One of Many States Who Met ACRE Trigger For 2009 Wheat Crop
-- Missouri Economist Negative on GIPSA Rule Proposals
-- Entire Oklahoma Congressional Delegation to be Honored by Oklahoma Farm Bureau This November
-- USDA's Hog & Pigs Report Confirms a Smaller Swine Herd
-- House Foreign Affairs Schedules Mark-Up of Pending Cuba Bill
-- New OALE Class Selected by OYE- Plus Check the Calendar!
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555. When you call them- ask them about their brand new Iphone App which provides futures quotes for your Iphone.
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Crop Insurance Sign Up Deadline is This Thursday- September 30th
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Farmers who raise wheat and other small grains that are planted in the fall face a Crop Insurance Deadline of Thursday, September 30, 2010. Scott Bulling with Oklahoma Farm Bureau says that buying a crop insurance policy, especially one of the Revenue Assurance policies, is one of the best investments that an Oklahoma wheat producer can make year in and year out. More money has been paid out in federal crop insurance than in either direct payments or countercyclical payments in recent crop years.
Bulling explains in a conversation that we had with him on Friday that there are two major types of crop insurance available to producers for the 2011 crop- the equivalent of the old multiperil policies and a Revenue Assurance policy. He adds it is one of the most complicated insurance policies of any type that you will buy- so it's important that if you have not yet signed up for coverage for the 2011 crop- you make contact with a crop insurance agent immediately with the deadline coming up on September 30.
We have the audio conversation that we had with Scott LINKED below- go and check it out. He was also our guest on Saturday morning on our In the Field Segment as seen on KWTV News9.
Even if you have already signed up- Scott offers some good insights on the choices still ahead later this year and into early 2011 on the coverage that you have committed to. AND- we talk about the five year deal that USDA forced the Crop Insurance Companies to accept earlier this year that cuts the amount of money for servicing farmers who buy crop insurance and acts as an disincentive for the companies to want to sell any policies in higher risk states like Oklahoma.
Oklahoma One of Many States Who Met ACRE Trigger For 2009 Wheat Crop
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~USDA Farm Service Agency Administrator Jonathan Coppess has released a list of states that have met revenue "triggers" for the 2009 Average Crop Revenue Election program payments for acres of wheat, barley and oats. So far, 41 states have met their triggers for Wheat; 31 for oats; and 31 for barley. Additional states may be added to the list at a later date.
Coppess notes - the ACRE program provides financial and risk management advantages to eligible producers. Payments are revenue-based and determined based on crop production and the National Average Market Price for covered commodities planted on the farm. Producers who enrolled a farm in ACRE will receive 2009 ACRE payments after October 1 of this year on 'planted or considered planted' acres of these three crops, if both state and farm revenue criteria are met. It is expected that Oklahoma wheat producers who signed up for the ACRE program last summer will receive a significant check for their 2009 losses.
Revenue triggers for a commodity must be met on both a state and farm basis. States that meet the revenue triggers for other commodities will be determined after the 2009-10 marketing year average price is published by the National Agricultural Statistical Service.
Missouri Economist Negative on GIPSA Rule Proposals
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~University of Missouri agricultural economist Ron Plain says - USDA's Grain, Inspection and Packers and Stockyards Administration's proposed rule changes don't provide a single positive improvement to the livestock marketing process. Plain notes, - these proposed changes are not coming from court decisions, but from bureaucrats, who think this set of rules and regulations will provide answers in lieu of an economic study. Plain says - this is not the way we envision that our democracy is supposed to work.
Plain says - for those backers of bolstering the spot market - selling farm commodities when they are ready for slaughter rather than having a contract or some other type of marketing agreement - GIPSA provisions tighten contract requirements. But Plain charges that will only serve to concentrate contracts among the larger producers and leave the spot market to the smaller producers.
Another section in the proposed rule says packers can't sell hogs to
another packer. As an example, Smithfield Foods is both a producer and a
packer; its large Circle 4 Farms operation in Utah sells market hogs to
Clougherty Packing in California because it represents the closest market.
If that won't be allowed, Smithfield could choose to buy the plant,
increasing industry concentration instead of decreasing it as proponents
Entire Oklahoma Congressional Delegation to be Honored by Oklahoma Farm Bureau This November
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The American Farm Bureau Federation has honored all seven members of Oklahoma's congressional delegation with its "Friend of Farm Bureau" Award for their sustained and exemplary support of farmers and ranchers.
Oklahoma Farm Bureau nominated the delegation for the award, which recognizes members of Congress, regardless of party affiliation, for outstanding agricultural leadership and support of Farm Bureau policies.
"We are extremely pleased to have the opportunity to work with these
outstanding legislative leaders," said OFB President Mike Spradling. "They
understand our needs and have a positive response to our issues."
The Oklahoma farm organization will recognize the delegation at its state convention Nov. 19-21 in Oklahoma City.
USDA's Hog & Pigs Report Confirms a Smaller Swine Herd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~USDA is estimating the U.S. swine herd at 64.9-million head - down 2.6 percent from last year and the lowest September 1st hog inventory in four years. The kept-for-breeding category was two-percent below last year. The marketing hog supply is three-percent smaller than those of one year ago. The dynamics in the grain market may have a bigger near-term influence on the hog market. University of Missouri Extension Economist Ron Plain says the swine industry is making money.
The size of the breeding herd in Oklahoma has jumped three percent from a year ago- with 410,000 sows residing in Oklahoma- which makes our sow herd the fifth largest state herd in the US. Market hog numbers are off four percent from a year ago in the state- and coupled with a gain of 3% in Ohio market hog numbers- Oklahoma is tied for 8th in the size of the market hogs in the country- tied with Ohio. Total hog and pig count in the state stands at 2.27 million hogs and piggies- the 8th largest state number in the US in this latest report.
Click on the LINK below to read more about Friday's report- and a chance to listen to our overview of the Hog and Pig numbers that was reviewed by three analysts on Friday afternoon after the report was released. Ron Plain was one of those analyst from Missouri, while Bob Brown of Edmond, was also a part of the conference call hosted by the National Pork Checkoff.
House Foreign Affairs Schedules Mark-Up of Pending Cuba Bill
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The House Committee on Foreign Affairs has scheduled a mark-up of pending legislation related to trade with Cuba for this Wednesday at noon Washington time. The bill under consideration will be H.R. 4645, the Travel Restriction Reform and Export Enhancement Act, which was introduced earlier in the year by House Agriculture Committee Chairman Collin Peterson (D-Minn.) and Rep. Jerry Moran (R-Kan.).
If signed into law, it will clarify how U.S. farmers and agricultural
businesses conduct sales to Cuba and remove long-standing travel
restrictions, which together have significantly constrained wheat growers'
market share there.
The US wheat industry- especially for states like Oklahoma with good
access to the Gulf, passage of H.R. 4645 would be a milestone in work to
remove hurdles that have long hindered trade in what would otherwise be a
New OALE Class Selected by OYE- Plus Check the Calendar!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Congratulations to the members of the Oklahoma Agricultural Leadership Encounter Class VIII! The Oklahoma Agricultural Leadership Encounter is a program designed to expand the knowledge of the Agricultural Industry in Oklahoma for a group of Juniors and Seniors at Oklahoma State University. The group will be involved in a series of seminars between now and next June- including serving on the staff of the 2011 Oklahoma Youth Expo, time in Washington, DC and a capstone experience as they observe agriculture in another country. Members of the newest class include Seth Menefee, Ryan Ramseyer, Riley Pagett, Megan Bryant, Kaylee Kerbs, Kaitlyn Linguis, Jett Eder, Garrett Knebel, Carson Horn, Carly Schnaithmann and Amy Peel. Click here to jump to the OYE page to learn more about the OALE- and some of the things last year's class was involved in.
Now that the 2010 State Fair of Oklahoma has finished its ten day run- we have a breather before the start of the 2010 Tulsa State Fair. Note that we have lots of calendar entries from the Tulsa State Fair that starts this coming Friday (as far as the livestock shows are concerned) and runs through the end of the 2010 event. You can see all of these listings on the calendar page of the OklahomaFarmReport.Com- just click on the LINK below.
You can also see some of the other events going on besides the Tulsa Fair in the next couple of weeks- there are a bunch- including the next of those GIPSA Rule Workshops put on by the University of Arkansas folks. One is being held this week over in Russellville, Arkansas- which is on I-40 due east of Ft. Smith. For those that don't want to venture into the Razorback State- you might wait for their national Webinar on October 14- details on our calendar page if you scroll down to that date.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $8.60 per bushel, while the 2011 New Crop contracts for Canola are now available are $9.25 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: