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weekdays- if you missed this morning's Farm News - or you are in an
area where you can't hear it- click
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Check the Markets!
mornings with cash and futures reviewed- includes where
the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's
markets as analyzed by Justin
Lewis of KIS futures- click
or tap here for the report posted yesterday afternoon around 3:30
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Farm Debt Levels
Creeping Higher- KC Fed Calls it Worrisome
Oklahoma sits on the lower side of the territory
served by the Kansas City Federal Reserve Bank- and the Bank's latest
look at Ag Credit conditions are worrisome.
According to the quarterly Survey of Ag Credit conditions- loan
demand continued to rise, repayment rates continued to weaken, and
almost all District bankers in the seven-state region reported that
farm income declined in the first quarter of 2016.
Bankers noted that poor cash flow prevented many borrowers from
paying off loans from the previous year, causing them to carry
outstanding debt into the first quarter. Moreover, bankers specified
that more than 18 percent of loans made in the first quarter involved
restructuring existing debt to meet short-term liquidity needs. To
mitigate their exposure to risk in this environment, District bankers
raised collateral requirements somewhat and increased their use of
government guaranteed loan programs.
The report says the general slide in the farm economy can be traced
back to the decline in prices for the products that farmers and
ranchers are producing. In the first quarter, 86 percent of survey
respondents reported a drop in farm income from a year ago.
here to read more on our website- and we have a link there to
take you to even more details as released yesterday by the Kansas
City Federal Reserve Bank.
great to have one of the premiere businesses in the cattle
business partner with us in helping bring you our daily Farm and
Ranch News Email- National
Livestock Credit Corporation. National
Livestock has been around since 1932- and they have worked with
livestock producers to help them secure credit and to buy or sell
cattle through the National Livestock Commission Company.
They also own and operate the Southern Oklahoma Livestock Market in
Ada, Superior Livestock, which continues to operate independently and
have a major stake in OKC West in El Reno. To learn more about how
these folks can help you succeed in the cattle business, click here for
their website or call the Oklahoma City office at 1-800-310-0220.
Senator Charles Grassley
Back with Another Run at Banning Packer Ownership of Livestock
Grassley has introduced legislation to ban packer
ownership of livestock after seeing continued consolidation within
the livestock industry.
"An effective and efficient marketplace is one where packers
that control all harvest capacity of the industry do not also own a
majority of the animals to be processed," Grassley said.
"The fact of the matter is that the market continues to become
less competitive. It's time to see if ending packer ownership of
livestock will reverse that trend."
here for more details...
MEANWHILE, the National
Farmers Union was quick to praise the Senator for
NFU President Roger Johnson offered a statement that says this is the
right thing to do:
"The livestock market today is heavily concentrated among a
handful of conglomerates, and our family farmers and ranchers are
forced to compete in an increasingly uneven playing field in the
marketplace. I applaud Senator Grassley for championing this important
piece of legislation that places the family farmer first."
here to read Johnson's full statement in support of Grassley's
Kim Anderson Talks Grain
Grading As 2016 Wheat Harvest Nears This Week on SUNUP
Just ahead of wheat harvest each year- Oklahoma State University
Extension Grain Marketing Specialist Dr. Kim Anderson teaches a grain
grading school at several locations around the state. This
week, SUNUP reporter Dave
Deken caught up with Dr. Anderson at one of his grain
grading events- and they discussed the school and what the
participants may be seeing this year as they prepare to check the
quality of the wheat as it is delivered to local elevators across the
region in the next forty five days.
Dr. Anderson says the wheat industry really needs a good quality
wheat crop this harvest season, to help blend with some of the lower
quality wheat left over from last year's harvest. He tells
Deken that in talking with a good number of grain elevator officials-
there is a real worry about having enough room to store the 2016
winter wheat harvest, with a large portion of last year's crop still
Deken and Anderson also talk about current basis levels- and how much
downside risk may be in the basis as harvest approaches and hits.
You can hear their conversation by clicking
here for our SUNUP preview story- and in our story- we have the
full lineup of what you will be seeing on the OSU Ag Communications
produced program on OETA.
Westbred Wheat Varieties Among
Those to See at Lahoma Today
Earlier this week at the Wheat Plot Session in Kildare, I caught up
Fenderson of Westbred, the wheat breeding program
owned by Monsanto.
John is excited about how several Westbred lines are looking this spring-
three were a part of the Kildare trial and more are available to be
seen at the Lahoma Wheat Field Day that kicks off at 9:00 AM this
There are two varieties that John spoke to us about- click
here to jump over and listen to our visit about the Westbred
program- one is WB4458,
which is a variety that will have seed available for growers to buy
this fall- he believes it will have strong yield results when harvest
arrives. The second one that John wants farmers to watch won't
be available this fall- but in 2017- and that is WB4303.
Both of these varieties are a part of the Lahoma Variety Trial
that will be on display today at the Field Day.
Field Day activities will start at 9:00 AM with the dedication of the
Raymond Sidwell Facility- the new headquarters building for the OSU
Lahoma Ag Research Farm. First tours will start at 9:20 AM.
For nearly a
Milling has been providing ranchers with the
highest quality feeds made from the highest quality
ingredients. Their full line of A&M Feeds can
be delivered to your farm, found at their agri-center stores in
Stillwater, Davis, Claremore and Perry or at more than 100 dealers in
Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater
Milling's long time support of the Radio Oklahoma Ag Network and we
encourage you to click here to learn
more about their products and services.
Farm Bureau Survey:
Farmers Want to Control Their Own Data
Farmers and ranchers want to control the information their equipment
collects every time it passes through a field, a survey released this
week by the American Farm Bureau Federation shows. Farmers also
believe that creating a cooperative-style central repository for
their data is the best way to enhance its security and maximize its
"We asked our members what they thought about data, and it is
clear that boosting farmer confidence in security and data management
will be critical to unlocking the potential this technology
holds," said AFBF President Zippy Duvall. "This survey
also shows that we are on the right track with various ag group
initiatives designed to improve data integration and promote
transparency about how the data is collected and used."
AFBF is a founding member of the Ag Data Coalition, an organization
created by several leading agricultural groups and companies to help
farmers better store and manage their information in a central
location. The ADC will establish a co-op-style repository for
agricultural data, with farmers having a governing role over the
More on the ADC and this survey from AFBF can be read by clicking
to Have the Latest Energy News Delivered to Your Inbox Daily?
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Bohnen has spent years learning and understanding how
to cover the energy business here in the southern plains- Click here to
subscribe to his daily update of top Energy News.
Wheat Commission Sets Election for District One on May 17 in Cherokee
Wheat Commission will hold an election to fill the
District 1 board seat opening. The election will be held Tuesday, May
17, 2016, commencing at 1 p.m. at the Alfalfa County Fairgrounds
building; located at 602 West 5 th Street, Cherokee, Oklahoma.
District 1 consists of Alfalfa, Garfield, Grant and Major counties.
All wheat producers within District 1 boundaries who are actively
engaged in wheat production, have marketed wheat, and have paid a
check-off fee and left that fee with the Commission for the current
year are eligible to vote. It will be the responsibility of the
producer to prove their eligibility to vote by providing a dated
grain elevator receipt including the producer's name and amount of
wheat sold, and a driver's license or some other form of
More details about the election can be read by clicking
Blayne Arthur Goodbye Party
Set for Next Week as She Transitions from ODAFF to the Oklahoma 4-H
It's not really a Goodbye party but her friends at the Oklahoma
Department of Ag are hosting a reception next Thursday afternoon, May
19th, for Blayne
Arthur as she nears the end of her time as the Deputy
Commissioner at ODAFF.
Earlier this spring, word got out that Blayne was going to shorten
her commute by taking on the position of the Executive Directorship
for the Oklahoma 4-H Foundation. That means an office in Stillwater
instead of Oklahoma City.
Blayne leaves the Oklahoma Department of Ag at the end of the month-
and then starts in early June at the 4-H Foundation.
I'm looking forward to working with Blayne as she works to raise
money for Oklahoma 4-H and raise the profile of the program at the
thanks to Midwest Farms Shows, P & K Equipment,
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
Association, Pioneer Cellular,
and KIS Futures for their support of our daily Farm News Update. For
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