|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
Finished cattle prices averaged $104.75 this Wednesday on FedCattleExchange.com - 1,063 cattle were offered with only 128 head actually selling. Click here to see their complete market results.
OKC West reported yearlings sold 3.00 to 5.00 higher Wednesday,
compared to a week ago - click or tap here for a look at the September 13th sale results.
Today's First Look:
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 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, September 14, 2017
Beef Industry Gears Up to Battle It Out in DC Over Tax Reform - With the Death Tax in the Crosshairs
The cattle industry is gearing up for what is shaping up to be a real battle for producers, as Congress sets its sights on moving forward with comprehensive tax reform measures. Danielle Beck
is director of governmental affairs for the National Cattlemen's Beef Association and she explained to me, that Congressional leaders are committed to getting legislation through by the end of this year. But, things at the moment are still a bit unorganized she says, with lawmakers just back from the summer recess.
"The timetable in terms of tax reform is much in flux, but everyone from the administration to lawmakers on Capitol Hill recognize that the tax code here in the US has not been fundamentally reformed in 31 years," Beck said. "President Trump ran a campaign based on sound business principles which is clearly in his wheelhouse and has been a top priority of his from Day 1."
However, Beck admits no one truly knows what comprehensive tax reform will look like at this juncture. But, she asserts there a few priorities that NCBA intends to push during the process. The biggest target of course, is the repeal of the Death Tax, which she says has hindered the farming community for more than 100 years. Reformation of the tax code is the perfect opportunity to ensure the Death Tax is completely repealed once and for all. Beck insists that NCBA members have a role to play in the success of this plan, and encourages members to contact their congressional leaders in Washington early and frequently, to advocate for this and other measures important to cattle producers.
"After that, we want to make sure that we're preserving provisions that are critically important to our producers," she said. "Right now, cash accounting, like-kind exchange, step-up in bases, utilizing interest deductions as a legitimate business expense - all of these are tools in the toolbox that our producers use every single day when it comes to helping transition from one generation to the next, and managing their expenses and tax burden is years of high volatility and depressed markets."
Listen to NCBA's Danielle Beck speak on the organization's high priority issues relative to tax reform, ahead of intended policy moves forward by Congress, with me, on yesterday's Beef Buzz - click here
. In the meantime, check out NCBA's new website CattlemenForTaxReform.com
, promoting the industry's tax reform agenda.
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
Continuing its month-long campaign to promote the repeal of the death tax, the National Cattlemen's Beef Association, yesterday, debuted the second video in a series to be intermittently released over the next several weeks meant
to bring attention to the hardships this levy has brought to farm and ranch families.
NCBA's second video
in the campaign features Jay Wolf
, a third-generation Nebraska rancher, who discusses the time, energy, and financial cost he's forced to spend on estate planning due to the death tax.
The fundamental reasons pertaining to the tax's unfairness and the burden it causes on family farmers and ranchers is addressed by Wolf in his video testimony, who explains how the tax is calculated based upon an appraised value of the land, which has already been paid through property taxes for decades in some cases.
NCBA launched this media and advertising campaign, centered around a new website, CattlemenForTaxReform.com
, last week. The campaign will run through September, shining a spotlight on how various federal tax provisions impact America's cattle and beef producers, particularly the death tax, with the hope of building support in Washington for comprehensive tax reform that will make the tax code more fair for producers.
The first video in this series was released last week and featured NCBA President-elect and fifth-generation California cattleman, Kevin Kester
, talking about how the estate tax has negatively affected his family's operation. The video was viewed more than 109,000 times on Facebook and reached more than 200,000 people. You can watch it, here
To view the video released this week featuring Jay Wolf, and to read more about this campaign, click or tap here
|Battle Lines Over Dicamba Use in 2018 Drawn in Arkansas
It is developing into quite a story in Arkansas- we are talking about the ability to use Dicamba in the Razorback state after the 15th of April next year.
A task force has been working on a recommendation regarding Dicamba use in 2018- they have that ready for their State Plant Board which will review it in a regular board meeting on September 21st.
Monsanto has also weighed in- contending their technology is safe to use later in the season if farmers follow proper procedures. They seem to be questioning work done by an Extension expert on weed resistance issues- Dr. Jason Norsworthy of the University of Arkansas.
The Extension folks in Arkansas have snapped back at Monsanto over their criticism- with Mark Cochran, Vice President-Agriculture for the University of Arkansas System Division of Agriculture, saying, "First, and most importantly, we stand by the integrity of our scientists and their science, including Dr. Jason Norsworthy, our internationally recognized researcher and his work, and all our weed scientists, as well as other public weed scientists on record in other states.
"We are confident in the science that we've used to advise the regulatory process in Arkansas."
He adds ""There are several points in the petition we need to address immediately: First, Norsworthy's findings are anything but an outlier. It is consistent with research work in other states, including that of Kevin Bradley in Missouri, Tom Mueller and Larry Steckel in Tennessee, and elsewhere.
"Second, none of our researchers has ever endorsed any product, but sometimes companies use our public comments and statements without our permission."
You can read more from the Extension folks in Arkansas- and our story has links back to the recommendations from the Task Force, the Response from Monsanto and a link to a good example of the work that Dr. Norsworthy has done on the Dicamba drift problems. Click or tap here for all of that.
In a statement released Wednesday, Florida Farm Bureau called attention to the resiliency of Florida's farmers and ranchers, whose agricultural operations have been devastated in the aftermath of Hurricane Irma.
The statement describes the situation of many farmers and ranchers in Florida, dealing with widespread wind and water damage and electrical outages, facing potentially weeks of rebuilding before some operations can be back to full working order.
FFB reports that the most severe overall destruction occurred in Southwest Florida. Early estimates indicate that in some areas of the primary citrus belt at least 60 percent of green fruit was knocked off the trees, raising the likelihood that the 2016-2017 crop will be much smaller than expected. Those farmers who had already planted fall vegetables, including tomatoes, report a near-total loss.
Flooding has blocked access to fields and limited access to beef cattle in pastures marooned by the storm. An estimated 50,000 acres of ranchland is under water in east Florida, likely to result in the loss of weight for calves in the area.
As Floridians wait for official numbers, informal estimates suggest the total agricultural economic loss will reach into the billions.
Florida Farm Bureau President John L. Hoblick called upon federal officials to provide emergency assistance to achieve full recovery. "A farm disaster of this magnitude requires exceptional action," Hoblick said. "Farm families need our help. I urge the Congress and the Administration to endorse immediate financial support for Florida agriculture. We appreciate all aid that you can provide during this crisis."
to learn more about the devastation being dealt with throughout Florida, as farmers and ranchers attempt to get back on their feet after Hurricane Irma demonstrated her full force across the peninsula last week.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
At the International Genomics Symposium, being held during the American Angus Association Convention this year, the notion of progress will take center stage.
"This year's International Genomics Symposium focuses on progress," said Clint Mefford, director of communications for the American Angus Association. "From the future of technology impacting the Angus business and innovative genetic tools, 2017 Angus Convention attendees will get to see firsthand how our industry is moving forward."
Several experts in the field of genetic research from across the country will be in attendance to speak on the current work being done in genomic research and what the future holds for it as well.
Being featured this year are futurist Dr. Lowell Catlett, retired Regents Professor in Agricultural Economics & Agricultural Business & Extension and the Dean & Chief Administrative Officer of the College of Agricultural, Consumer & Environmental Sciences at New Mexico State University, followed by a panel discussion between Dr. Dan Moser, AGI president; Dr. Stephen Miller, AGI genetic research director; and Kelli Retallick, AGI genetic service director.
Registration is now open for the 2017 Angus Convention, which takes place Nov. 4-6 in Fort Worth, Texas. For more information on the convention or how to register, click over to our website.
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In anticipation of the overlooked problems likely to occur from implementing the electronic logging device mandate, the American Farm Bureau Federation is working to head off a particularly vexing situation for livestock haulers.
This week, AFBF joined a group of seven other livestock organizations requesting of the US Department of Transportation, a waiver from the ELD rule for those trucking animals, who depend on timely and efficient transportation to ensure the safety and well-being of the animals they are moving.
While most farmers and ranchers should be exempt because they can claim covered farm vehicle status, drivers who haul livestock, live fish and insects are likely to fall under the requirements of the Federal Motor Carrier Safety Administration's ELD rule - scheduled to go into effect on December 18, 2017. Once in effect, the rule will strictly limit the daily travel time amount of truckers, which would cause animals being transported to spend extended periods of time aboard stock trailers without food or water.
A lack of awareness of the rule also presents another challenge. Because the livestock hauling industry is small compared to the overall trucking industry, it isn't well-represented before or strongly engaged by DOT's Federal Motor Carrier Safety Administration.
As a result, livestock drivers who are aware of the program have had difficulty researching the ELD marketplace and identifying cost-effective solutions that are compatible with livestock hauling, according to Farm Bureau.
|This N That- Link to Oklahoma Crop Report, State Fair Begins and So Does Superior
Yesterday in our email- we offered you an overview of the Oklahoma row crop production numbers from the September USDA Crop Report- we were talking about the significant jump in harvested cotton acres from August to September reported by NASS- numbers that have Oklahoma with a very close to one million bale Cotton Crop.
We were bouncing back and forth as we summarized that for you between the August and the September summaries of the Oklahoma and Texas crop numbers- we meant to link for your inspection the latest numbers from the September report- gave you August instead- and so now here are the Oklahoma September Crop Production numbers as detailed by USDA- click or tap here
to check them out. Our story from yesterday morning can be reviewed by clicking here.
It's the start of the 2017 State Fair of Oklahoma- we will be there this morning to cover the ribbon cutting of a brand new Made in Oklahoma building inside the new super building on the State Fairgrounds- otherwise known as the Bennett Building.
The 2017 Edition of the Labor Day Sale for Superior Livestock starts this morning at 8 AM Central Time.
Superior Sunrise starts at 7:30 both this morning and tomorrow morning- followed by the Auction that will span over 2 days.
We also appreciate our Market Links Sponsor - OKC West Livestock!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
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