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Here is your daily Oklahoma farm and ranch news update. 
 

 

 

 

 

 

 

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Crop Insurance Deadline Draws Near- Scott Bulling Says Do Your Homework

 

Farmers have less than a week to make their crop insurance decisions for their 2016 winter wheat crop. Farmers have until Wednesday, September 30th to decide if they want crop insurance and their coverage level. With the 2014 Farm Bill, Oklahoma wheat farmers will have decide if they want to utilize yield exclusion. Scott Bulling with Superior Crop Insurance based in Calumet, said this allows farmers to exclude some of the bad production years from their records. By doing that, he said they are increasing their average yields, thus increasing their coverage.


"With the low prices that we've got this year, the multi-peril prices come in at $5.20 a bushel, that's down a dollar from where we were last year," Bulling said. "With that lower coverage, we really need to be looking at trying to increase our yields and increase our coverage the best we can."


Farmers will have to opt into the yield exclusion program by contacting their crop insurance agent.   Bulling said farmers need to understand how yield exclusion works because every producer will have a different choice to make on every farm.


"Some farms it's going to be beneficial, some farms it won't, but by in large looking at a broad picture, I would recommend that producers look at it real careful and probably take it," Bulling said.


Farmers have until September 30th to opt into the yield exclusion program. This gives farmers time to evaluate the program. Farmers can choose to opt-out of the program through November 14th. If a county had a bad production year, in producing less than half a crop, then it becomes excludable for an individual farm. Next, the farmer determines if their individual farm had a poor production year by looking at their database.


"If excluding that year out of their database lowers their average, then you say I opt-out of that yield exclusion for that year and it allows them to hold their average up," Bulling said. "If they had bad yields on those bad years for the county, then they can drop those years out of their database and in essence raise their average. They exclude that bad average or that bad yield from their overall average and in essence raise their coverage."


Along with federal crop insurance coverage, farmers can also look at additional crop protection coverage.  Click or tap here to read or to listen to the interview with Scott Bulling.

 

Scott Bulling will be my guest tomorrow morning for our regular In the Field TV segment as seen on KWTV News9- at about 6:40 AM.

 

 

 

  

 

 

Peel Believes Heavy Weight Cattle Helping Crash Market

 

Wholesale boxed beef prices, slaughter cattle prices, yearling and calf prices have all retreated in recent days. Oklahoma State University Extension Livestock Marketing Specialist Dr. Derrell Peel said what's going on in the beef and cattle markets has to do with more than the basic fundamentals of the beef cattle industry.


"You know, there's a lot of big picture macro-economic uncertainty, global market uncertainty, that has effected many markets, including cattle markets and agricultural markets broadly speaking," Peel said. "So, a lot of concerns about China, slowdown in the Chinese economy and the ripple effects that will have on many markets. It's kind of ironic, that we think about it impacting cattle markets so much because we don't officially have trade access in beef with China and yet it has an impact and so we've seen a lot of those impacts. It translates back into the U.S. economy at the macro-economic level and then down through futures markets into commodity markets and cash markets as well."


Peel said this recent downturn in the cattle market over the last 45 to 60 days has tracked the trend of the Dow Jones and the NASDAQ. He said the stock market is one of the places where a lot of that uncertainty gets reflected and there is a lot of volatility.


"Trade in the stock market is related then to trade in the futures markets for commodities, so all of those are kind of tied together and we see those effects get passed through the system that way," Peel said.


Click or tap here to read or to listen to this interview about the combination of these macro-factors as well as some fundamentals are hitting these cattle markets really hard.

 

Gary McManus and His Ticker Reports Extreme Drought Sneaks Into McCurtain County in Little Dixie

 

Extreme Drought has returned to Oklahoma- at least in one tiny corner of the state. According to Oklahoma State Climatologist Gary McManus, "Make no mistake about it, the flash drought plaguing parts of the state right now continues to intensify, especially across Southeastern Oklahoma. For the first time since May 12th, that awful red color (that one was for OSU fans) has appeared in the state in McCurtain County." That red you see above in the southeastern corner of Oklahoma stands for Extreme Drought, one step below the worst drought designation of Exceptional Drought.


McManus goes on to say in his latest Ticker "Granted, it's a mere 0.69% of the state, but its appearance does not bode well for the coming week or so as summer takes hold once again. That summer heat dome that should have shown signs of fading away is going to intensify once again and move over the Southern Plains. The ArkLaTex region up through NorthWest Oklahoma will continue to feel the effects."

You will notice that the total amount of drought declined in Oklahoma this week versus one week ago- with just under eleven percent of the state now in drought- versus fifteen percent one week ago. And- the state is in far better shape here in late September versus this time in 2014 when 69% of Oklahoma was in at least moderate drought or worse.  Click here to read more about the weather outlook for Oklahoma.

 

Open House Opens Many Eyes to Possibilities of Genotyping Center

 

The National Agricultural Genotyping Center held its first open house Wednesday with representatives from government and industry on hand to tour the new facility and discuss the possibilities it will offer. With the board of directors in attendance, they established priorities and assigned responsibilities for the coming year.


"This facility is the first of its kind for a farmer-led association, giving growers more influence on research agendas," said Dr. Richard Vierling, director of research at NCGA. "NAGC will help growers increase production and lower costs. With so many stakeholders on hand and actively expressing interest, it was apparent to all present that the exciting potential for innovation is enormous and will lead to concrete results that can strengthen the bottom line for U.S. farmers."


The National Agricultural Genotyping Center will translate scientific discoveries, such as the information from the maize genome project, into solutions for production agriculture, food safety, functional foods, bioenergy and national security. 

 

 

The NAGC partnership brings together Los Alamos National Laboratory, the premier research institution in the world with a proven track record in developing high-throughput genotyping technology, and the National Corn Growers Association, an organization representing more than 42,000 farmer members.

Click here to watch a video about the National Agricultural Genotyping Center

Kim Anderson Recommends Farmers Take Advantage of Price Rallies

 

As Oklahoma's wheat crop begins to sprout out of the ground, so has wheat prices. On this weekend's edition of SUNUP, Oklahoma State University Grain Marketing Specialist Kim Anderson said wheat prices rebounded some in gaining 20 cents recently, but Kansas City Wheat futures prices are being met with resistance at $5, which is like a concrete wall.


"If we can break that $5 resistance level with that December contract, I think we can pick up another 20 or 30 cents," Anderson said. "Right now, that doesn't look very likely."


In looking at price patterns, Anderson said the market and commodity traders are creatures of habit in finding support and resistance levels. In looking at past bottom and top trends in the market, he said that will show where support and resistance points are. If the December Kansas City wheat futures contract can break the $5 level, Anderson said he could see prices going up to $5.30. He said there some light resistance at $5.20 with stronger resistance at $5.30. The wheat futures market has broken the short-run down trend, but the long-run down trend from August 2012 remains in effect and right now the market is trading sideways. Anderson said the market needs to get above $5.80 or $6.00 to break the long-run down trend.


If farmers still have wheat in the bin, Anderson continues to recommend farmers stagger their crop marketing. He said farmers can sell it in thirds or fourths by selling part of the crop now, then in October, November and December. He said he would have probably sold a portion of this crop on this latest 20 cent price rally and he recommends farmers take advantage of every price rally that comes along.  Click or tap here to read or to listen to this interview with Kim Anderson on the price outlook for wheat and corn.  You can also find the lineup for this weekend's edition of SUNUP. 

 

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NALF Aligns with Tyson to Promote Natural and Conventional Feeding Programs

 

By Mark Anderson, North American Limousin Foundation executive director


The North American Limousin Foundation (NALF) has aligned with Tyson Fresh Meats to offer commercial cattle producers and cattle feeders the ability to market cattle through existing branded programs that Tyson is currently marketing today. Producers can elect to market cattle into one of two natural cattle feeding programs, NHTC (non-hormone treated cattle), or utilize the Lim-Choice conventional fed cattle grid with Tyson.


Premiums for qualifying cattle under the NALF/Tyson procurement agreement for these programs are substantial depending on the program and the time of year the cattle are marketed for harvest. Commercial cow-calf producers will be able to increase the value of their feeder cattle by purchasing Limousin and Lim-Flex® bulls to use on their Angus or Red Angus based cow herds, and marketing the resulting progeny though these programs.


NALF already has members that are currently feeding a substantial number of cattle successfully into these programs on an annual basis with Tyson. NALF's goal is to qualify more Limousin-Angus cross feeder cattle that are eligible for these premium programs by identifying commercial operations that incorporate Limousin genetics into their breeding programs. 


For a summary of the marketing options available the NALF/Tyson program, by clicking here.

 

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