~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday September 14, 2010A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- Lincoln Disappointed by Obama Administration Followthrough- Wants More Crop Disaster Assistance
-- AFR In Washington- Terry Detrick Talks Frank Lucas Chairmanship Prospects and More
-- It's Almost Like the Cattle Market Is Pinching Itself as We Move Beyond Labor Day
-- US Agriculture Secretary Announces $56.5 Million in Broadband Awards for Oklahoma
-- Latest Crop Weather Update Talks Rain- in Some Cases- a Lot of Rain
-- Looking at the GIPSA Rule- we hear a partisan voice calling for quick implementation.
-- Our Tuesday This and That- Another OALP Alum In the News and Temple Reminder
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!
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Lincoln Disappointed by Obama Administration Followthrough- Wants More Crop Disaster Assistance
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Department of Agriculture has come up with approximately 550 million dollars to compensate producers who suffered weather-related crop losses in 2009. That's a little more than one-third of the 1.5 billion dollars Senate Agriculture Committee Chairman Blanche Lincoln tried to get though Congress for the same purpose. Our colleague Stewart Doan has been following these efforts of Senator Lincoln and reports that USDA proposed to send the dollars to farmers only in counties that received a disaster designation last year. The payments would cover yield losses for cotton and rice but not corn or soybeans. No word has been given about the losses that wheat farmers here in the southern plains suffered- and were covered under the original Lincoln plan.
Lincoln, considered the most vulnerable Democratic senator running for re-election this year, signaled her dissatisfaction with the plan during a debate with GOP nominee Rep. John Boozman in Little Rock. "I think it's worth fighting for [and] I'll continue to. The reason the negotiations are ongoing is because I want to get the best deal I possibly can for Arkansas farmers."
Doan also reports in an Agri-Pulse article that "Believing that Lincoln would sign off on the payment plan, higher-ups at USDA's Farm Service Agency provided details to FSA state directors last week. But she phoned Vilsack the next day to tell him USDA needed to do more."
Click on the LINK below to hear some of the comments of Senator Lincoln- even as the USDA seems to be having major trouble in delivering what Rahm Emanuel from the Obama White House had promised Senator Lincoln back in late July.
AFR In Washington- Terry Detrick Talks Frank Lucas Chairmanship Prospects and More
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Terry Detrick and a couple of members of the Board of Directors of the American Farmers & Ranchers are in Washington this week- pushing several policy positions that are of importance to their farmers and ranchers who are members of the organization.
Detrick tells us one thing that is being talked about inside the Beltway in Washington is possibility that the Republicans will seize control of the US House. Polls across the country suggest that may well happen- and Detrick says if it does- it will likely mean that the next Chairman of the House Ag Committee will be Congressman Frank Lucas. AFR and other farm groups in Oklahoma are saying little at this point- but the celebration that may occur if that happens will be tremendous.
Click on the LINK below for more with Terry Detrick and his team that are in Washington this week- their travel coinciding with the travel to Washington of the Oklahoma State Chamber of Commerce.
It's Almost Like the Cattle Market Is Pinching Itself as We Move Beyond Labor Day
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Extension Livestock Market Economist Dr. Derrell Peel tells us that "Against a backdrop of very supportive supply fundamentals, there is much reason to be very optimistic about cattle prices in general and for the foreseeable future. At the same time, there are several market factors that remind us that there are limits to just how strong prices can realistically be.
"Not surprisingly, boxed beef prices have dropped back a bit from pre-Labor Day highs and, in fact, dropped below $160/cwt. for Choice last week. Nevertheless, wholesale beef values are still roughly $10/cwt. higher than the August lows. Fed cattle prices, which briefly spiked to $100/cwt, have dropped back into the upper $90s. At current levels, boxed beef and fed cattle prices are compatible and, while boxed beef is looking for some footing, fed cattle prices seem solidly grounded to maintain current levels for the rest of the year."
Dr. Peel also looks at the feeder cattle price situation- and at some of the factors that will be coming into play as the days get shorter- temperatures cool a bit and we rush towards the end of the year holidays. Click on the LINK below for the rest of his latest take on the market from the regular electronic publication that he and Dr. Glenn Selk work on- Cow/Calf Corner.
US Agriculture Secretary Announces $56.5 Million in Broadband Awards for Oklahoma
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Tom Vilsack, US Secretary of Agriculture, announced the selection of three Oklahoma projects on Monday to receive investments to establish and/or expand high-speed internet coverage in rural Oklahoma. These resources are available through the American Recovery and Reinvestment Act (ARRA), signed by President Obama in 2009.
USDA Rural Development State Director, Ryan McMullen, today congratulated Pioneer Telephone Co., Cross Telephone Co., and Medicine Park Telephone Co. as the award recipients selected by the Secretary.
"Oklahoma has been remarkably competitive in vying for broadband
investments through the Recovery Act," said McMullen. "Today's $56.5
million announcement increases the total USDA investment in broadband
infrastructure for rural Oklahomans to nearly $200 million."
Over half of the money handed out by USDA on Monday goes to Pioneer,
based in Kingfisher. The funds to Pioneer will help provide an upgrade to
offer Fiber to the Home technology for high speed broadband service.
Latest Crop Weather Update Talks Rain- in Some Cases- a Lot of Rain
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Last week brought heavy rainfall and thunderstorms across much of the State. Six of the nine districts received over an inch of rain with the East Central district receiving the most precipitation at 4.57 inches. The rainfall delayed some small grain seedbed preparation, planting, and row crop harvest, but was welcomed by producers across the State. Row crop conditions remained mostly in the good to fair range. Tropical Storm Hermine moved through Oklahoma during mid-week but did not cause as much damage as predicted, however, there were confirmed reports of three tornadoes. The first tornado touched down near Colbert, while the second struck near Lone Grove, and the third near Marietta. Thankfully, there were no injuries reported. The State averaged 2.12 inches of rain for the week and temperatures ranged from 59 to 89 degrees. Topsoil moisture was rated 59 percent surplus to adequate and subsoil moisture was rated 51 percent surplus to adequate.
The report updates us on the spring crop conditions- saying "Rains delayed the row crop harvest in some areas but conditions improved slightly due to precipitation. Eighty-seven percent of corn reached the mature stage by Sunday, 21 points ahead of normal. Corn harvest was 51 percent complete by Sunday, 12 points ahead of the five-year average. Sorghum coloring reached 69 percent complete, up seven points from the previous week and seven points ahead of normal. Thirty-five percent of sorghum was mature by Sunday with 13 percent harvested. Ninety-three percent of the soybean crop was setting pods by the end of the week, six points ahead of the five-year average and 11 percent had matured, 12 points behind normal. Twenty-five percent of peanuts were mature by Sunday. Fifty-five percent of cotton bolls were opening by week's end, 24 points ahead of the five-year average."
It's interesting that we are at the mid September report of crop conditions- and still no wheat seeding reported. If the rains will stop and allow farmers to get into the fields- that may change by next Monday's report. Click on the LINK below to grab this week's Crop Weather update in full for the state of Oklahoma.
Looking at the GIPSA Rule- we hear a partisan voice calling for quick implementation.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Bill Bullard contends the GIPSA Rule is all about preserving the cash market for the cattle industry. We talked with him at the recent USDA-DOJ Workshop on Competition in the Livestock sector- and Bullard was very visible there- calling on USDA to implement the GIPSA Rule as a first step to stopping the takeover of the cattle business by packers in the US.
Bullard contends that the GIPSA rule is riding to the rescue of the disappearing cash market for the cattle industry- and he believe "unless we take immediate steps to preserve competition in the cash market, everyone in the industry is harmed when the cash market becomes so thin that it discovers a less-than-competitive price. The proposed GIPSA rule will preserve what remains of our cash market and none too soon, for our cash cattle market is shrinking fast, following the very same path previously followed by the hog industry."
Click on the LINK below to read more of what Bullard believes- and hear a portion of our conversation from the Ft. Collins meeting about his case for the GIPSA rule- and the four things he contends it will do for cattle producers. Bullard is being heard on our regular Beef Buzz show- as broadcast on great radio stations around the state on the Radio Oklahoma Network- and also available on the web at our website- www.OklahomaFarmReport.Com- just click on the left hand button that says Beef Buzz on any page on our site to see a listing of our daily programs.
Our Tuesday This and That- Another OALP Alum In the News and Temple Reminder
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Did you see the nice feature article in the Sunday Daily Oklahoman on El Reno banker Doug Tippens? Tippens is a graduate of the OSU Division of Ag with a degree in Ag Economics- has served on the OSU Board of Regents and is also another of those successful alums of the Oklahoma Ag Leadership Program- Doug was a classmate of ours way back in Class One. Check out take on community banking and his concerns about current "reforms" that have little to do with the real bad actors in the business in recent years- click here for the link over to the article.
One of the exciting things about the Dr. Temple Grandin appearance at Oklahoma State University on Wednesday will be the coming out party for an effort to get an endowed chair for an Animal Science position that will deal with animal care, behavior and well being. That Chair is going to be named in honor of Dr. Grandin- and the Oklahoma Beef Council will be jumpstarting the raising of money for this chair by contributing $250,000. These efforts will be eligible for some of the remaining matching funds offered by Boone Pickens a little while back- and could also see some state funds added to the total when and if such monies start flowing once again. Details are to be announced on Wednesday by Dr. Ron Kensinger of the the Animal Science Department at OSU- along with Heather Buckmaster of the Oklahoma Beef Council.
Finally three cheers for our friend Keith Kisling of Burlington- who was getting some kudos from son Brent on Facebook yesterday. Dad Keith is one of the three OSU College of Ag Distinguished Graduates for this year. Lot of congrats offered by the Facebook crowd- and we add ours this morning via this email. Keith has been a tremendous leader for Oklahoma agriculture- serving the wheat industry on the Oklahoma Wheat Commission and US Wheat Associates- as well as being a shaker and mover in the Oklahoma Farm Bureau. His love for OSU knows no boundaries- and his love for young people in and around agriculture is evident in all he says and does.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.85 per bushel, while the 2011 New Crop contracts for Canola are now available are $8.40 per bushel- delivered to local participating elevators that are working with PCOM.
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