Agricultural News
OSU's Dr. Kim Anderson says Crop Insurance is Essential Now- and we have your SUNUP preview
Thu, 25 Aug 2011 17:25:33 CDT
Dr. Kim Anderson, Grain Marketing Specialist from Oklahoma State University, says that the recent fluxuations in the wheat market show that the strength in the Decemeber market is not there, which is a gentle or weak up trend. However, Anderson says with the market closing at $8.50 twice this week, the next target will challenge a $9.00 price now.
Anderson says the single, most important aspect for producers relative to marketing is crop insurance. With the drought spread across Texas, Oklahoma and parts of Kansas, and long-term projections only showing the drought to continue, the odds are against planting a crop that will have average yields says Anderson.
To market and sell the wheat, first it needs to be produced and producers need to insure that production and insure that price says Anderson.
Anderson's advice to producers that are still holding onto wheat is to stagger it into the market across the months of late Septemeber and early October, and even into the months of late November and early December. Anderson adds the odds are higher that the wheat prices are going to go up again.
Click on the LISTEN bar below to hear the rest of Dr. Kim Anderson and Lyndall Stout's discussion on the current wheat market. Dr. Anderson will not be featured on SUNUP this week due to a special report, "Oklahoma Drought: A New Generation."
Also, this week on SUNUP, our discussion begins with a stop at Mesonet headquarters in Norman for a weather overview with Gary McManus. We also visit with Al Sutherland in Altus.
Then, we focus on the drought's impact on cattle in Roger Mills County with rancher Chuck Milner and Extension educator Danny Cook. From there, we travel to Beckham County and the Elk City Livestock Auction for perspective from owner Brandon Hickey, rancher Monte Tucker and Extension educator Greg Hartman. In addition, Dave Lalman talks about drought stress and feeding options.
Next, the impact of the dry, hot weather on summer crops with Garfield County producers Curtis Mack and Ed Regier. We also include perspective from Randy Boman, director of the Southwest Research and Extension Center, and specialists Jason Warren, Chad Godsey and Joe Armstrong.
Finally, Dwayne Elmore looks at how the drought is impacting wildlife.
SUNUP airs Saturdays at 7:30 a.m. on your local OETA channel.
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