Oklahoma Genetics Pays OSU $735K in '17 Royalty Payments, Speculation Whirls About '18 CropFri, 09 Mar 2018 12:05:48 CST
Radio Oklahoma Ag Network Farm Director Ron Hays recently had the opportunity to sit down with Mark Hodges, executive director of Oklahoma Genetics, Inc. to review the organization’s sales tabulations from last year and how that has financially impacted Oklahoma State University and its Division of Agricultural Sciences & Natural Resources. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.
In the end, 2017 turned out another record year in royalty payments back to OSU, according to Hodges who pointed out the fact, this happened in the face of declining wheat acres in Oklahoma and across the country.
In total, the check presented to OSU by OGI, payed $721,021 in royalties reflecting the overall purchase of OSU derived wheat varieties. Since that initial payment, Hodges says a supplemental $15,000 has been added to that as well, making a grand total of over $735,000. A vast majority of that money (roughly 50 percent), of course allocated back to OSU’s wheat improvement team that is generally responsible for the development of these wheat varieties. The remainder of those dollars is divided 20/30 back DASNR and intellectual properties owned by OSU, respectively. It is also important to note that some of those dollars were contributed by peanuts, originating from a joint-venture between OSU and the Agriculture Research Service’s peanut breeding and development program in Stillwater.
“Of course, the largest majority of that is either Gallagher or DoubleStop - Gallagher being the top variety,” Hodges said, breaking down the contribution of each variety to the overall total, also mentioning some of the more popular varieties that were available only through foundation seedstock this year and therefore not subject to royalty payments. “Smith’s Gold was extremely popular. Lone Rider has been popular and Spirit Rider has been as well.”
Although he is still waiting on official data to arrive, Hodges predicts at least 50 percent of Oklahoma wheat acres will be seeded with an OSU variety this season, much of which he says will be Gallagher. Hodges bragged on the outstanding work of Dr. Brett Carver and his staff, who leads the OSU Wheat Improvement Team, which he says has developed many varieties that consistently rank at the top of the list of preferred choices for farmers, millers and bakers nationwide. He says it is all a testament to Gallagher’s overall performance in yield, quality and grazing ability.
Hodges also serves HRW wheat producers through quality testing and timely reporting as executive director of Plains Grains. In this capacity, he conferred to Hays his observations on the current conditions of Oklahoma’s wheat crop.
“We are hurting,” he said bluntly, reviewing the crop’s progress from this past fall. “We didn’t get off to as good a start and we had some replanting done. And, we didn’t go into the winter with a good root system. We didn’t have good tillers like what we’d like to have had, and so we’re coming out of that in that same condition.
“We’ve also got some wheat that never germinated yet. So, will it meet the vernalization requirements of the plant…? We’re not sure at this point. Lot of unanswered question right now, so we’re extremely concerned about what’s going on.”
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