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


Industry Leader Jimmie Musick of OK Remains Optimistic About Wheat's Profitability Despite Market's Challenges

Thu, 15 Aug 2019 21:41:29 CDT

Industry Leader Jimmie Musick of OK Remains Optimistic About Wheat's Profitability Despite Market's Challenges Jimmie Musick, a diversified crop farmer from Sentinel, Okla., currently serves as the Immediate Past President for the National Association of Wheat Growers. In this capacity, Musick attended Wednesday’s joint-meeting of the Oklahoma Wheat Growers Association and the Oklahoma Wheat Commission in El Reno. He took a moment to speak with Radio Oklahoma Ag Network Farm Director Ron Hays during that event to discuss the current state of the ag economy and the impact it is having on farmers, offering some of his insights from his perspective as a national leader within the US wheat industry. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.


“It’s really a challenge with prices right now,” Musick remarked. “We’re having lots of problems nationwide. But, farmers today are very market savvy and they’re very good managers - and I’m a little more optimistic than Kim Anderson is about the market. I think it’s a possibility that we’ll see a little spike in wheat prices.”


Based on the anecdotal evidence he has been privy to, Musick shared that there exists some concern among lenders that cash flow may be exceptionally tight this year and possibly prohibitive of distributing the necessary operating capital farmers need to get their next crop in the ground, the way in which the market and economy are currently. However, Musick is confident that wheat will still turn a profit, especially for those intending to graze cattle.


“There’s a lot of potential out there. Cattle prices are not great, but nothing puts weight on a steer like wheat pasture does,” he remarked. “So, there’s still some potential for some profit out of the cattle business. Dual-purpose wheat has always worked very well and it’ll still work - not as good as it has in the past - but there’s still potential for profit out there.”


Musick attests that NAWG’s staff and leadership maintain a great deal of interest and engagement in the current process of negotiating and resolving the ongoing trade disputes the Administration is presently working through. While trying to remain understanding of the situation the Administration is in, its intentions and its goals, Musick agrees with the outcry from the ag community that a speedy resolution to these negotiations would go a long way for producers who are collectively struggling under the burden of the intensifying economic pressure.


“The trade and embargo issues have just about worn the farmers out and it’s time to make a deal,” Musick said. “And, we think he will. We’re still slightly optimistic that we’re going to see some really beneficial trade partners coming on. I really think that if we can get these export markets opened up and be able to move more product, I think we have a chance to get wheat back to where it should be and we’re really looking forward to that happening.”




   




   

You can listen to their complete conversation by clicking or tapping the LISTEN BAR below.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Renowed Wheat Breeder Erik Von Baer Talks Breeding Practices and Philosophy With OALP Class XIX  Thu, 27 Feb 2020 02:11:50 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, February 26, 2020  Wed, 26 Feb 2020 15:16:49 CST
  • Wednesday, February 26, 2020 Market Wrap-Up with Justin Lewis  Wed, 26 Feb 2020 14:37:42 CST
  • Kim Farber, Drummond, OK, Inducted Into Oklahoma Conservation Hall of Fame  Wed, 26 Feb 2020 14:47:01 CST
  • PenCheck--World-Renowned Expert Touts New African Swine Fever Test on China TV   Wed, 26 Feb 2020 11:51:46 CST
  • Randy Gilbert and Rusty Gosz Named 2020 OYE Show Honorees  Wed, 26 Feb 2020 11:59:42 CST
  • RFA Welcomes Bill Targeting Big Oil's Big Subsidies  Wed, 26 Feb 2020 11:22:24 CST
  • Friday Is the Last Day to Set Appointment with Your FSA Office to Compete in CRP General   Wed, 26 Feb 2020 09:31:46 CST

  • 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.