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

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


Oklahoma Farm Bureau Urges Legislators to Pass Drilling Tax Agreement

Tue, 13 May 2014 17:12:28 CDT

Oklahoma Farm Bureau Urges Legislators to Pass Drilling Tax Agreement
Today, the state’s largest agricultural organization, Oklahoma Farm Bureau, voiced its support for the continued development of oil and natural gas in the state.


“OKFB opposes any legislative action that would discourage exploration and production of Oklahoma natural resources,” said John Collison, OKFB vice president of public policy and media affairs.


A proposal at the state Capitol would increase the state’s gross production tax on new wells from 1 percent to 2 percent for 48 months.


“While Oklahoma Farm Bureau does not encourage the raising of taxes on oil and gas production, we see this as a fair compromise,” Collison said.


This legislation would eliminate the sunset and apply the initial rate to all new wells. This would provide all oil and natural gas producers and rural mineral owners with a permanent tax structure to work with in the future.


“Oklahoma Farm Bureau members understand that any tax increase on the oil and gas industry will prevent growth and prosperity in Oklahoma and their rural communities,” Collison said.


“We encourage the legislators and the Governor to act immediately on this compromise legislation, which the oil and gas industry has provided. It is important to understand that rural Oklahoma, through agriculture and oil and gas, is the backbone to Oklahoma’s economy.”      



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Dr. Kim Anderson Gives Analysis on Wheat Harvest   Tue, 31 Mar 2020 16:31:47 CDT
  • Tuesday, March 31, 2020 Market Wrap-Up with Justin Lewis  Tue, 31 Mar 2020 15:34:01 CDT
  • OSU's Amy Hagerman Talks Policy, Trade, and Reminders for Producers   Tue, 31 Mar 2020 13:01:09 CDT
  • Opportunity for Increased U.S. Sorghum Acres Beyond 2020 Prospective Plantings Projections  Tue, 31 Mar 2020 12:53:47 CDT
  • Foot and Mouth Disease Preparedness is High Priority   Tue, 31 Mar 2020 11:13:57 CDT
  • Getting The Facts Straight About Bovine Coronavirus And COVID-19  Tue, 31 Mar 2020 10:46:44 CDT
  • Trends in Activism and Farm Security on the Agenda for Virtual Summit  Tue, 31 Mar 2020 10:20:47 CDT
  • Inhofe Joins Bipartisian, Bicameral Letter Calling on HHS to Help Rural Health Providers   Tue, 31 Mar 2020 09:51:33 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.