Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Hot Global Agricultural Markets Makes 2011 A Brave New World

Fri, 07 Jan 2011 11:18:23 CST

Hot Global Agricultural Markets Makes 2011 A Brave New World Case IH sponsored a look at the future for US agriculture in conjunction with AgConnect 2011 in Atlanta on Friday- and Dan Basse, President of AgResource, threw out several words in his presentation that he believes are keys for farmers and ranchers moving into the farmer.

The first of those words is volitatile. Basse says the grain markets turned on a dime earlier this year- as news came out that Russia was in the depths of a drought that makes the US the only country that has sizable stocks of grain. Add to that the sharp rise in cotton prices, the third largest corn crop on record which apparently was not enough- and you have a recipe where all of our agricultural markets are tense and will jump up or down with just a sniffle.

Another word that Basse discussed in his presenation- as well as with us after the session in a conversation that we have recorded and have at the bottom of this page- is affluent. The BRIC countries- especially China and India, are rapidly growing- and their income is shooting higher year after year. Basse says their income growth is in the neighborhood of eight to ten percent annually. These countries want consumer goods- and want to eat better- which is driving demand to a point where we are in unknown waters of international demand.

With that export demand- the next word that could be said of Basse's comments is the word "lacking." Lacking in terms of the number of acres that US Agriculture has available to put into crop production over the next year os so. Basse says he believes- short of bringing out huge amounts of CRP land and placing it into crop production- he sees at most four to five million acres that could be devoted to the major US farm crops. The market is trying to shift acres around- but it becomes more difficult each year.

One final word that we talked with Basse ab out is "Revenue." He tells us that he advises his clients to not worry high prices or input costs- but look at the big picture and how revenue shakes out from your production expertise. Net farm income has the potential to go higher again in 2011- and that is where the focus for our farming/ranching operations need to be.

Click on the LISTEN BAR below to hear our full conversation with Dan Basse as we visited with him at the CASE IH booth at AgConnect 2011. Click here for the AgResource website to learn more about Dan Basse.


Ron Hays talks with Dan Basse of AgResource at AgConnect 2011.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Winter wheat Planted in Oklahoma and Kansas Behind Last Year and the Average Due to Dry Conditions  Mon, 03 Oct 2022 16:12:30 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. October 3, 2022  Mon, 03 Oct 2022 15:35:52 CDT
  • Cost-Share Program Proposal Unanimously Approved by Commissioners of the Oklahoma Conservation Commission  Mon, 03 Oct 2022 15:34:44 CDT
  • October 3, 2022, Market Wrap-Up with Justin Lewis  Mon, 03 Oct 2022 14:50:03 CDT
  • Voter Registration Deadline Approaching for November 8 Election   Mon, 03 Oct 2022 13:16:49 CDT
  • 2023 Cattle Industry Convention Registration Now Open   Mon, 03 Oct 2022 12:37:51 CDT
  • State Climatologist Gary McManus Says we might see Some Slight Rain Events, but No Drought Busters Anytime Soon  Mon, 03 Oct 2022 12:43:06 CDT
  • NCBA's Colin Woodall Believes Beef is a Key Part of the Solution to Stamping out Hunger  Mon, 03 Oct 2022 11:53:01 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.