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


Tightening the Belt and Smarter Marketing Could Make the Difference for Farmers in 2016

Tue, 03 May 2016 23:45:35 CDT

Tightening the Belt and Smarter Marketing Could Make the Difference for Farmers in 2016 American farmers may be too good at what they do, says Bob Young, American Farm Bureau’s chief economist.

Above average yields over the last few years have driven down commodity prices, and combined with decreased growth in domestic demand and exports, Young says farmers are now teetering on the brink of a real crisis.

“Agriculture has a long, long history of basically producing the profit out of any situation, and here we are again,” he says. “If commodity prices stay where they are and we do not become very shrewd marketers, we could be facing a challenge in 2017.”

Young says corn and cotton stocks entering the market from China are adding to an already abundant world supply.

“I don’t think anybody knows how many corn stocks or how many cotton stocks the Chinese are sitting on at this stage of the game,” he says. “So the challenge now becomes as those bleed out - and you want them to bleed out - that’s just that much additional supply that we’ve got to suck up for as long as it takes to get that supply sucked up.”

In the meantime, Young encourages farmers to evaluate the need for every dollar spent until demand growth increases.

“In the old days we talked about sharpening the pencil, and today we are going to talk about really looking at the spreadsheet,” he says. “If we don’t have to buy the input, then let’s not buy the input.”

Ron Hays caught up with Young last week during the National Farm Broadcasters Washington Watch. Click on the LISTEN BAR below to hear the full interview.


   



   





right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Governor Stitt Announces the Addition of Four More Counties to Disaster Declaration for May Flooding and Storms  Fri, 16 Aug 2019 15:27:08 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 16 Aug 2019 13:57:18 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 16 Aug 2019 13:25:08 CDT
  • State Wheat Breeder Brett Carver Shares Vision for the Future of OSU’s Wheat Improvement Program  Fri, 16 Aug 2019 10:37:43 CDT
  • Bakery Technician Adrian "Ady" Redondo Joins U.S. Wheat Associates Team in South Asia  Fri, 16 Aug 2019 10:34:19 CDT
  • TCFA Feedyard Programs Recognized by Leading Beef Sustainability Group   Fri, 16 Aug 2019 09:57:34 CDT
  • OKFB Encourages Ag Leaders to Participate in "Read an Accurate Ag Book Day" on September 6th  Fri, 16 Aug 2019 09:54:30 CDT
  • GIPSA Rule Resurfaces as DOJ Orders Formal Rulemaking Process – NCBA Fighting for Common Sense Solution  Fri, 16 Aug 2019 09:42:38 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.