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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday February 7, 2011
A
service of Johnston Enterprises, P & K Equipment/ P & K Wind
Energy and American Farmers & Ranchers Mutual Insurance
Company!
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-- Tom Jones of Arkansas Moves into Chairmanship of the Cattlemen's
Beef Board
-- Bill Donald Steps into the Position of President for NCBA
-- Former NCBA President John Queen Dissects the Eastern Livestock
Bankruptcy
-- Cotton Acres to Increase This Spring Planting Season
-- The Fundamentals Are Supporting Strong Cotton Price Outlook
-- USDA Announces Partial Deregulation of GM Sugar Beets
-- House Ag Sets Hearing to Review Commodity Market Reforms
-- Let's Check the Markets!
Howdy Neighbors! 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! It is also great to have as an annual sponsor on our daily email
Johnston Enterprises- proud to be serving agriculture across
Oklahoma and around the world since 1893. One of the great success stories
of the Johnston brand is Wrangler Bermudagrass- the most widely planted
true cold-tolerant seeded forage bermudagrass in the United States. For
more on Johnston Enterprises- click
here for their website that features their grain, ports and seed
business! If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here. | |
Tom Jones of Arkansas Moves into Chairmanship of the Cattlemen's Beef Board ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The last
business conducted during the Board of Directors meeting of the
Cattlemen's Beef Board in Denver on Saturday morning was the election of
new officers. The nominating committee announced their slate and a vote
passed their nominations- the opposition slate of officers that had been
mentioned on Thursday during the Cattlemen's Beef Board Forum was not
offered.
New officers include Chairman, Tom Jones, Arkansas, Vice-Chair, Wesley
Grau, New Mexico and Secretary/Treasurer, Weldon Wynn,
Arkansas. We have the full list of those who in be in the leadership roles of the CBB for the coming year- plus we have an interview that was conducted right after the end of the Beef Checkoff meeting held Saturday morning in Denver- that interview with Tom Jones, new chairman of the CBB, and Ron Hays, Stewart Doan and Chuck Zimmerman. Click on the LINK below to hear that conversation. Click here for our coverage of the Saturday morning Cattlemen's Beef Board session in Denver. | |
Bill Donald Steps into the Position of President for NCBA ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The National
Cattlemen's Beef Association has wrapped up their annual meeting in
Denver- and the new President of the NCBA for the coming year is a 58 year
old rancher from Montana, Bill Donald. Donald actually participated in the
R-Calf efforts to stop Canadian cattle from entering the US before R-Calf
became a membership organization. He says he's not sure if he was
considered a member of R-Calf the first year it became a membership group-
but that he did break any ties after that because he did not agree with
their direction. He was involved with the Montana Stocker Growers
Association and that led him into involvement with the NCBA.
He talked informally with reporters right in front of the stage after
the conclusion of the NCBA Board of Directors meeting at the Denver
Convention Center. We talked with him about working with the new Chairman
of the CBB, and he indicated that he had pledged to work with Tom Jones-
and that he would. During that business session of the NCBA on Saturday morning, the Federation of State Beef Councils enacted what they called a Charter that lined out their separation from the NCBA Policy Division. Click here to see details of that that charter- and the listing of the Federation members that have been appointed to the Beep Board Operating Committee, which includes Richard Gabhart from Oklahoma. | |
Former NCBA President John Queen Dissects the Eastern Livestock Bankruptcy ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Cattle
producers and markets that were impacted by the Eastern Livestock
bankruptcy are now focused on working with the Trustee to recover as much
of their losses as possible. Three individuals whose companies have money
tied up in the Eastern debacle were on a panel at the Cattle Industry
Convention in Denver on Friday afternoon. One of the three is a past
President of the National Cattlemen's Beef Association- and North Carolina
cattle producer and video auction operator John Queen acknowledges that
the money tied up with Eastern may mean his family will have to liquidate
some of their farm to cover the deficit.
Queen says that the entire cattle industry has been failed by the lack of action by the USDA's GIPSA- the agency responsible for following the business conducted by Eastern Livestock. Queen says that GIPSA has audited his relatively small business three times over the last two years, but has reluctantly admitted they had not audited Eastern Livestock since at least 2005. He adds that if GIPSA was not competent enough to perform an audit on the nation's largest livestock dealer- they should have hired an outside independent company to perform an audit at some point along the way. Click on the LINK below for more- including a conversation with John Queen that we had in Denver about the failings of not just GIPSA- but also how Fifth Third bank made sure they were taking care of themselves and not caring a bit about the cattle producers they were hurting in the process. Click here for more on the discusssion last Friday in Denver about Eastern Livestock | |
Cotton Acres to Increase This Spring Planting Season ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Fourteen
percent more cotton acres will be planted in 2011 than in 2010 in Oklahoma
and the US, according to National Cotton Council cotton producer survey
results announced at the annual NCC meeting in San Antonio, Tx.,
Saturday.Reporting from the NCC meeting, Harvey Schroeder, executive director of the Oklahoma Cotton Council, stated the survey found US cotton growers intend to grow 12,514,000 acres of cotton in 2011. This figure is a 14 percent increase over 2010. According to the NCC survey, Oklahoma cotton growers will plant 326,000
acres of cotton in 2011, a 14 percent increase over the 285,000 acres
grown in 2010 in the Sooner State. NCC Vice President Gary Adams emphasized that, "the cotton market is currently calling for more acres. However, competing crop prices are also strong. Final acreage decisions will be sensitive to how relative prices move between now and planting time. This, along with a number of other issues, including weather, could cause actual plantings to differ from growers' stated intentions." | |
The Fundamentals Are Supporting Strong Cotton Price Outlook ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ National
Cotton Council economists say a tight overall cotton supply/demand
situation coupled with continued pressure from competing crops for the
coming year is consistent with cotton prices above historical norms.
"As 2011 begins, the global cotton market is experiencing unprecedented prices with the "A" Index at $2.00 and nearby futures trading in the $1.70's," Council economist, Dr. Gary Adams, said in his outlook for delegates at the NCC's 73rd Annual Meeting on Saturday. "Unlike the price spike of March 2008, the current price situation has support from the fundamentals." Adams, the NCC's vice president, Economics and Policy Analysis, said a
key issue to watch will be the ability to sustain cotton demand in the
prevailing market conditions, particularly given the uncertain nature of
the macroeconomic recovery. He said that consumers in developing markets
such as China and India will increasingly become the drivers of global
retail cotton demand. He said the increased import demand will create a positive environment
for U.S. cotton exports, which are forecast at 15.6 million bales for the
2011 marketing year - the second highest level after the 2005 marketing
year. | |
USDA Announces Partial Deregulation of GM Sugar Beets ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ USDA's Animal
and Plant Health Inspection Service (APHIS) said late Friday it is
partially deregulating Roundup Ready sugar beets until a larger evaluation
of the environmental impact of the crop, known as an Environmental Impact
Statement (EIS), can be completed. In a press release, APHIS said it had determined based on a less-intense review known as an environmental assessment (EA) that "when grown under APHIS imposed conditions" the crop does not pose a plant pest risk or have a significant impact on the environment. USDA said that as part of the partial deregulation, growers of Roundup
Ready sugar beet root crop will be required to enter into a "compliance
agreement" outlining mandatory requirements for how the crop can be grown.
USDA said that as part of the partial deregulation, growers of Roundup
Ready sugar beet root crop will be required to enter into a "compliance
agreement" outlining mandatory requirements for how the crop can be grown.
Click here for the full News Release from APHIS- and links to several fact sheets on the issue | |
House Ag Sets Hearing to Review Commodity Market Reforms ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ House
Agriculture Committee leadership announced last week the Committee will
meet this coming Thursday, Feb. 10, to review implementation of the
Frank-Dodd financial reform law, which dramatically changed the way the
federal government oversees financial markets. The Committee will specifically look at ongoing rulemaking procedures the Commodity Futures Trading Commission (CFTC) is using to write regulations for the law, passed in the wake of the U.S. banking crisis in 2008 and 2009. CFTC has been working to implement the new law, but Members have
expressed concern about the pace at which new regulations are emerging and
significant new budget authority requested from CFTC to complete the
implementation. The Committee will hold a business meeting prior to the hearing. The
two events are scheduled to begin at 10 a.m. in the Committee's hearing
room at 1300 Longworth House Office Building in Washington, D.C.
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Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Big Iron Online Auctions for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE! We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe. | |
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 $10.20
per bushel- as of the close of business yesterday, while the 2011 New Crop
contracts for Canola are now available are $10.95 per bushel- delivered to
local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link: | |
God Bless! You can reach us at the following: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: ron@oklahomafarmreport.com
phone: 405-473-6144
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