~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday May 16, 2011A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- State Cotton Specialist Randy Boman Says Southwest Oklahoma Cotton Producers Facing Dire Situation
-- Meanwhile, Wheat Harvest Expectations From Plains Grains, Inc
-- OSU Signs Wheat Material Transfer Agreement with Three Other Universities
-- Aging Cows 101 Training Underway this Month Across Oklahoma
-- USDA Secretary Vilsack Says Animal Disease Traceback Program Final Rule to be Unveiled Soon
-- State Secretary of Ag Jim Reese Protests GRDA Move to Condemn 20,000 acres in Northeast Oklahoma
-- Chicago Board of Trade Scales Back Corn Limit Request
-- 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 pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!
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Oklahoma and around the world since 1893. One of the great success stories
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more on Johnston Enterprises- click
here for their website that features their grain, ports and seed
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here for this morning's Farm news from Ron Hays on RON.
State Cotton Specialist Randy Boman Says Southwest Oklahoma Cotton Producers Facing Dire Situation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In the latest Cotton Comments electronically published this past Friday- OSU Extension Cotton Specialist Randy Boman offered these comments about the upcoming cotton planting season. "High temperatures and winds, drought, and fire potential continue to plague the southwest corner of the state. We did receive some badly needed rainfall in the region, but only about one-quarter an inch fell at the Altus Mesonet Station this past week. Based on Altus Mesonet records, it has now been about 180 days since the last one-inch or greater rainfall event has occurred."
"The overall situation is dire, and at this time, substantial rainfall is necessary to allow the establishment of the 2011 cotton crop. Many producers with center pivots ground water have opted for pre-irrigation in order to provide timely stand establishment. If irrigation capacity diminishes during the growing season, this means that rainfall will be required to carry the crop forward once that occurs."
Dr. Boman also offers us an update on water levels in Lake Altus. "The Lugert Reservoir is currently about 47% of capacity. There is little if any water flowing into the reservoir at this time. Based on discussions at a meeting earlier in the week, there is concern about how the irrigation water "run" will be executed. Most likely, the system will be turned on near the end of May. Producers will be able to irrigate cotton land during the next two weeks or so. The amount of water available will be expended on the "up front irrigation run." Therefore, sizable rainfall and runoff into the North Fork watershed will be necessary to provide additional in-season irrigation. From the crop insurance perspective, three components were emphasized: 1) plant the crop, 2) water the crop, and 3) don't sell your water allocation. Now is a good time to discuss crop insurance issues with your insurance provider representative to make sure all are on the same page."
Click on the LINK below for the other articles that are a part of Randy Boman and Shane Osborne's weekly cotton industry update from the OSU Southwest Research and Extension Center in Altus.
Meanwhile, Wheat Harvest Expectations From Plains Grains, Inc
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We heard last week after the Wednesday morning USDA Crop Production Report for the 2011 winter wheat from Mark Hodges of Plains Grains, Inc. Hodges is very concerned about how much damage was done a week ago with the extremely set of hot days we encountered in the southern hard red winter wheat belt. He fears a lot of yield potential that was left after the stress of drought over the winter and spring was sucked away from the wheat plants that were either in grain fill or flowering.
Mark and his group, Plains Grains, Inc released their first weekly winter wheat crop report of the season this past Friday- and we have the full report available on our website.
Click on the LINK below to get all the details from this first report of the season.
OSU Signs Wheat Material Transfer Agreement with Three Other Universities
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Four universities have signed onto a materials transfer agreement that should allow them to confidently share germplasm and quicken the wheat research process.
The agreement is between Texas A and M University, Oklahoma State University, Colorado State University and Kansas State University, all of which have wheat breeding programs focused on improving hard red winter wheat varieties.
The agreement, known formally as the Wheat Workers' Material Transfer
Agreement (WWMTA), lays out the procedure for universities to share
materials and the conditions under which they can be shared. Central to
the agreement is the procedure for completing an "implementation letter",
a contract between the donor and recipient institutions.
"This agreement represents a cooperative effort dating back to January 2010, when public wheat breeders from the hard red winter wheat region realized that the uninterrupted flow of wheat germplasm would require a more formalized approach than afforded by the Wheat Workers Code of Ethics," said Dr. Brett Carver, the wheat breeder at Oklahoma State and a leader in the National Wheat Improvement Committee (NWIC). "Protection was needed to ensure sustainability of individual breeding programs fueled by long-term grower investments, while sharing was considered essential to sustainability of the wheat breeding community. One of the beauties of the WWMTA is that signatory parties will continue to have the freedom to interact with other breeding programs outside the region or in the private domain."
Aging Cows 101 Training Underway this Month Across Oklahoma
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Beef producers from across the state will have an opportunity to increase their herd's productivity at Aging Cows 101 Field Days that are now underway this month.
Hosted by the Oklahoma Beef Council through the beef checkoff program, the field days are focusing on teaching producers the necessary tools to determine how culling cows at the proper time and retaining replacements can help maximize producers' profitability.
"We are pleased to offer the Aging Cows 101 Field Days across the state to help producers understand the importance of maintaining vitality in their herd," said Jeff Jaronek, director of industry relations for the Oklahoma Beef Council. "The information we will share with them will certainly help boost their bottom line."
One of the Aging Cow Field Days has already occurred this past
week-with a second field day planned for today in Durant. Others that are
USDA Secretary Vilsack Says Animal Disease Traceback Program Final Rule to be Unveiled Soon
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Over a year ago, the USDA announced a new, flexible framework for animal disease traceability in the United States. The final plan has yet to be announced, but Ag Secretary Tom Vilsack told Congress this past week that the final details will be rolled out "soon."
According to the USDA website, the framework will provide the basic
tenets of an improved animal disease traceability capability in the United
States. USDA says that these efforts will:
The top Democrat on the House Ag Committee, Collin Peterson of
Minnesota, has long been a proponent of a mandatory animal ID system in
this country- contending that anything less will be a detriment in
assuring our foreign customers that we can respond quickly to a disease
outbreak in our livestock herds.
State Secretary of Ag Jim Reese Protests GRDA Move to Condemn 20,000 acres in Northeast Oklahoma
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma Secretary of Agriculture Jim Reese has sent a letter to Kevin Easley, the CEO of the Grand River Dam Authority- protesting the GRDA proposal to use eminent domain to grab 10,000 to 20,000 acres of land in Ottawa County from farmers to address "flooding issues." Reese contends that the GRDA is not being honest in their efforts to take this land by force- saying they are really after carbon credits as well as a wildlife refuge.
Reese explains his position this way in a post on Facebook- "I have now found that many of these acres already have the flooding easements. Therefore, the real reason for the government condemnation of these private taxpaying, revenue producing lands is for a wildlife preserve. Since pecan groves produce pretty significant wildlife habitat regardless of who owns them, it seems a poor use of condemnation."
Secretary Reese, in his letter, calls on the GRDA to stop the
condemnation proceedings and negotiate with the land owners that currently
have not offered a flooding easement to the Authority- Reese says that's a
better and a more fair approach to the issue.
Chicago Board of Trade Scales Back Corn Limit Request
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The CME Group has announced Revised Daily Price Limit Proposal For Corn Futures And Options traded on the Chicago Board of Trade (CBOT). The Chicago Mercantile Exchange (CME) this past week announced it had revised its recent proposal to increase daily price limits for corn futures and options. Pending CFTC approval, daily limits on CBOT corn futures and options would increase to $0.40 per bushel from the current $0.30 per bushel, replacing a late April proposal to increase daily limits to $0.50 per bushel.
The current price limit is $0.30 per bushel per day for corn futures and option contracts, expandable to $0.45 and then to $0.70 when at least two contracts close at limit bid or limit offer on the previous trading day. Under the new proposal, price limits would be $0.40 per bushel per day with a max of one increase to $0.60 per bushel.
In recent months, corn futures prices and volatility have increased significantly. In the first quarter of 2011 alone, 36 corn contract months settled at limit bid or limit offer, compared with 36 corn contract months settling at limit bid or limit offer in all of 2010.
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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 $11.09 per bushel- as of the close of business yesterday, while the 2011 New Crop contracts for Canola are now available are $11.09 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:
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