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And Ranch News

Your Update from Ron Hays of RON
Thursday, December 31, 2020

Happy New Year!!! We Return
Monday, January 4th to start 2021!
Producers Should examine Options before Making Changes to Safety net Programs
An Oklahoma State University Extension agricultural policy expert is recommending producers be patient while considering whether to change or maintain Agriculture Risk Coverage or Price Loss Coverage elections from 2019 and 2020.

“The current re-election and enrollment period goes until March 15, 2021, so there is plenty of time to survey the markets and think about whether a farm needs price protection or revenue protection,” said Amy Hagerman of the OSU Department of Agricultural Economics. “This may prove particularly beneficial for Oklahoma producers who have wheat base acres enrolled in the safety net programs.”

The national marketing year for wheat ends on May 31, 2021. Producers should have a better idea of how PLC will perform on those acres closer to the March 15 election and enrollment deadline. Key points include:

*Price Loss Coverage makes a payment when the market year average price is below the effective reference price.
*Agricultural Risk Coverage at the county level makes a payment when county revenue is below an ARC-CO guarantee.
*Agricultural Risk Coverage at the individual level makes a payment when a farm’s revenue is below the ARC-IC guarantee.


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Congress has passed a 5,393-page Relief/Spending Omnibus Package- and Host Ron Hays Talks with Ethan Lane, Vice President for Government Affairs for the National Cattlemen's Beef Association about Pandemic Relief- more money in CFAP, Grants for RAMP UP, the establishment of the SALE Act and more. Lane also talks about the announcement by USDA to start the process of moving Gene Editing for animals away from FDA over to USDA, a look at the Climate Team for President-Elect Biden, a return to USDA by Tom Vilsack, and a look into 2021 from a DC Perspective. 

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Tim West
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Ron Hays
Director of Farm Programming
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405.473.6144