~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday January 23, 2008!A service of Farm Credit of East Central Oklahoma, KIS Futures & American Farmers and Ranchers.
-- Colin Peterson- No Fear of the Permanent Farm Law!
-- What happens if the 1949 Farm Law Kicks Into Action.
-- Oklahoma Breeders Dominate in the National Western Carlot Show!
-- Stoneville and Bayer Crop Science-Fibermax had the most popular varieties of cotton grown in 2007...
-- Agriculture is into a "Brave New World"
-- From the Calendar- Grain Sorghum Meetings Set for Next Week
-- Bits and Pieces- Western Oklahoma Bull Sale Correction-OWC Meeting Today & Latest Canola Prices...
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to welcome KIS Futures as a regular sponsor of our daily E-Mail. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for their website or call them at 1-800-256-2555.
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Colin Peterson- No Fear of the Permanent Farm Law!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In meeting with ag reporters via teleconference on Tuesday, two messages emerged from the Chairman of the House Ag Committee Colin Peterson. The first is that he continues to want a new farm law as soon as possible- and is thinking that a more open process of hammering out differences is now needed- in other words, allow the Republicans a little bit of room at the policy table.
The second thing we learned on Tuesday is that Peterson is perfectly satisfied that if the Bush Administration refuses to budge on their demands of what a farm bill should look like- permanent law is better than a 2002 Farm Bill Extension. He says he has studied the 1949 Act and that while it's not perfect- recent rises in commodity prices make it not a totally unreasonable option.
He indicated that he has told the Administration- specifically Chuck Conner the Acting Secretary- that he is okay with letting Permanent Law take hold and he indicated that he doesn't think Chuck believes him. We have an audio overview of the conference with the Chairman linked on our Farm Bill page of WWW.OklahomaFarmReport.Com- and linked below as well. Take a listen- it's a fascinating twist in the farm bill story.
What happens if the 1949 Farm Law Kicks Into Action.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~With the Chairman of the House Ag Committee talking about allowing Permanent Law taking effect if the Congress and the Administration cannot come together on farm policy in the days to come, the question comes up- what does the 1949 Farm Law really say and how will it effect farmers?
Well, the Congressional Research Service has issued a report that delves into the 1949 and 1938 farm laws- and we are suddenly taken back into the world of parity and mandatory support for basic crops and the use of non recourse loans- but no countercyclical payments or direct payments. There is also no mandatory supports for soybeans and other oilseed crops.
We have a link on our website to this report- and it's not that long of a read- and you may want to take a few minutes and review what might be ahead if the two branches of government remain at a farm bill standoff.
Oklahoma Breeders Dominate in the National Western Carlot Show!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Three Oklahoma Angus Breeders captured high honors in the Carlot Show at the 2008 National Western Livestock Show in Denver. Express Angus Ranches, Yukon, Okla., captured the grand champion carload banner with their January 2007 sons of EXAR 263C, Garden Prime Star, BR Midland and Woodhill Foresight. The ten bulls posted an average weight of 1,404 pounds, an average rump fat thickness of 0.46 inches, an average rib fat thickness of 0.38 inches and an average scrotal circumference of 40.20 centimeters.
Rolling RRR Ranch LLC, Wellston, Okla., showcased the grand champion pen of three bulls. The January and February 2007 sons of BR Midland and Schurrtop MC 2500 first won early calf champion pen. The trio posted an average weight of 1,333 pounds, an average rump fat thickness of 0.38 inches, an average rib fat thickness of 0.33 inches and an average scrotal circumference of 37.70 centimeters.
Limestone LLC, Stillwater, Okla., captured reserve grand champion pen of three. The February 2007 sons of B C Lookout 7024, Woodhill Foresight and B C Matrix 4132 posted an average weight of 1,217 pounds, an average rump fat thickness of 0.52 inches, an average rib fat thickness of 0.31 inches and an average scrotal circumference of 38.8 centimeters. The trio earlier won late calf champion pen of three.
Stoneville and Bayer Crop Science-Fibermax had the most popular varieties of cotton grown in 2007...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Each year, the USDA collects information from cotton gins and other sales locations on what the most sought-after varieties are for farmers in each state and area. The National Cotton Council lists these varieties at its cotton.org website.
In the southwest, Oklahoma cotton farmers planted 200,000 acres in 2007. Stoneville has the most popular variety with ST 4554 B2RF planted in 26.87 percent of the acreage. Bayer Crop Science-Fibermax had the second and third most popular varieties: FM 960 B2R at 10.62 percent and FM 9063 B2F with 9.12 percent of the acreage.
In 2007, Texas planted five million acres of cotton, irrigated and dryland. Bayer Crop Science-Fibermax had the three most popular varieties. FM 9063 B2F was the most popular with 12.09 percent of the acreage; FM 960 B2R was second with 10.74 percent of the acreage and FM 9058 F came in third with 8.11 percent of the acreage.
While the top varieties of cotton are all genetically engineered and stacked with multiple traits- perhaps the most important trait that has allowed cotton to flourish, especially in Oklahoma, is not in the cotton seed. The biggest protector in the cotton growing world now is the U.S. Bollweevil Eradication Program that has removed the bollweevil from the profit--loss equation. It has simply permitted farmers in many areas to start growing cotton again after a nearly two- decade standoff. As we approach decision time on 2008 plantings, cotton will be one of several crops competing for acres- and prices of the various commodities, along with spring weather will determine to some extent how many acres will King Cotton claim in the new growing year.
Agriculture is into a "Brave New World"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~With the days of two dollar corn over, the livestock sector is dealing with a rough transition into this new world- so says OSU Livestock Marketing Specialist Dr. Derrell Peel. Derrell was in Roswell, New Mexico in recent days and one of our fellow farm broadcasters, Tony St. James from Floydada, Texas talked with him at that conference held in the UFO capital of the world.
Peel says that he doesn't see a return to feed grain prices that we had just a couple of years ago anytime soon- and that it's very possible that if our economy keeps a lid of meat prices- and as a result, cattle prices- that we could see the market dry up some of our production in the years to come- ration the demand for that production with higher prices in what would be a new cattle cycle as we head towards 2009 and 2010.
We have Dr. Peel's comments all bundled up in our midweek Beef Buzz, our regular beef industry update heard on great radio stations across the Radio Oklahoma Network- and available to listen to on our website as well. Click below- and we have it linked direct on this email- check out where Dr. Peel sees our beef business headed- and why.
From the Calendar- Grain Sorghum Meetings Set for Next Week
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Oklahoma Cooperative Extension Service has arranged for grain sorghum producers the opportunity to refresh their production knowledge and plan for the 2008 planting season. They have prepared a program to learn about the newest production techniques and marketing options for the 2008 harvested crop. Producers will also be afforded the opportunity to see what research programs are being investigated to improve production efficiencies and profitability.
The Cooperative Extension Service will offer 8 different meetings for producers to attend. Cities where this "Milo" tour will stop include Kingfisher, Perry, Enid, Fairview, Cherokee, Medford, Ponca City and Alva. We have dates and times for these meetings on our Calendar page of WWW.OklahomaFarmReport.Com. And for additional information, you can check with your local extension office.
Just about every day at this time of year, we are adding one or more items to our calendar page. Check out not just these grain sorghum meetings- but also all of the other events that are up and coming as we end January and get into a very busy February and March. AND, be sure to let us know when your group has an event that we need to include on the calendar page. As I have mentioned before, you are our eyes and ears out across the state- and we appreciate your helping us stay on top of all of these opportunities.
Bits and Pieces- Western Oklahoma Bull Sale Correction-OWC Meeting Today & Latest Canola Prices...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We have a correction on the phone numbers listed yesterday for the 30th Annual Western Oklahoma Bull Sale in Cheyenne on the second of February. To get information on the 72 bulls consigned, call Lynda Lucas at 580/497-7366 or Earl Bottom 580/821-0633.
The regular monthly board meeting of the Oklahoma Wheat Commission is planned for today at the OWC Headquarters in Oklahoma City.
The latest Winter Canola contract prices out from the Producers
Cooperative Oilseed Mill in Oklahoma City includes the following quote for
2008 winter canola production:
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