From: Ron Hays [] on behalf of Ron Hays []
Sent: Monday, February 14, 2011 7:27 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday February 14, 2011
A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Big Iron OnLine Auctions!
-- Still Looking for a Decent Drink of Water for the 2011 Winter Wheat Crop
-- Beef Exports Hit Record Levels in 2010- Eclipsing Four Billion Dollars in Value
-- Oklahoma State Legislature Comes Back to Work After Taking Snow Days
-- The Influence of Rising Commodity Prices on the Conservation Reserve Program
-- J B Penn Says the Rising Food Demand is a Fundamental Shift as the Middle Class of the World Grows
-- OSU Plant and Soil Sciences Extension Newsletter Has Hit the Cyberspace Newsstands
-- 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 proud to have Big Iron Unreserved Online Auctions as one of our great sponsors of the daily Email. Their next auction is Wednesday, February 23 - featuring Low Hour, Farmer Owned Equipment. Click here for their website to learn more about their Online Farm Equipment Auctions.

We are also excited to have as one of our sponsors for the daily email Producers Cooperative Oil Mill, with 64 years of progress through producer ownership. Call Brandon Winters at 405-232-7555 for more information on the oilseed crops they handle, including sunflowers and canola- and remember they post closing market prices for canola and sunflowers on the PCOM website- go there by clicking here.

And we salute our longest running email sponsor- Midwest Farm Shows, producer of the recent Tulsa Farm Show.. Click here for the Midwest Farm Show main website to learn more about their lineup of shows around the country, including the Southern Plains Farm Show coming April 7-9, 2011 in Oklahoma City.

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.

Still Looking for a Decent Drink of Water for the 2011 Winter Wheat Crop
Oklahoma State University Extension Small Grains Specialist Dr. Jeff Edwards says there may have been some benefit from the snows of the last two weeks to Oklahoma wheat farmers, but many producers in central, west central and southwestern Oklahoma got little snowcover that stayed on the fields and not blowing into the ditches. Wheat producers in almost all of Oklahoma are still looking to the skies for relief in the form of a good rain over the next three to four weeks.

Edwards says that the unusually bitter temperatures of this past week will test the winter hardiness of the wheat varieties we are growing in the state and that we may be able to tell as early as this week what damage may have occurred from the time below zero that many fields endured in the northern half of the state- especially with temperatures projected to be into the 70s sparking some wheat plant growth.

He is encouraged by conversations he has had with farmers that have decided to apply nitrogen as a top dressing for the 2011. He says that for every dollar in nitrogen that you apply this spring- the market may reward you with as much as seven to eight dollars in return through improved yields and higher protein.

Click on the LINK below for a complete read on our webstory and a chance to hear Jeff Edwards discuss the 2011 wheat crop for yourself.

Click here for more on our story with Jeff Edwards as well as a chance to hear our full conversation with him.

Beef Exports Hit Record Levels in 2010- Eclipsing Four Billion Dollars in Value
December statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF) confirm that 2010 was the best year ever for U.S. beef export value. A final total of $4.08 billion breaks the pre-BSE high from 2003 of $3.86 billion by more than 5 percent and exceeds the 2009 total by nearly $1 billion. Total volume was 1.067 million metric tons, an increase of 19 percent over 2009.

Pork export value posted the second-best year on record at $4.78 billion, falling just 2 percent short of the 2008 high and besting 2009 by more than 10 percent. Total volume was 1.918 million metric tons - an increase of 3 percent over the previous year.

The global economic downturn of 2009 was particularly hard on beef exports - not only for the United States, but for all exporting countries. But despite an overall drop in global demand, U.S. beef maintained or increased its market share in most key markets and was well-positioned for a rebound in 2010.
"We knew the groundwork was in place for an excellent recovery in 2010," said USMEF President and CEO Philip Seng. "But even the most optimistic forecasts underestimated the degree to which our beef exports would bounce back. Increasing beef export value by almost one-third, and nearly $1 billion, is a critical achievement for the U.S. beef industry and a substantial boost for U.S. producers."
Export value equated to $153.09 per head of fed slaughter, which is up 22 percent from 2009 and is 12 percent higher than in 2003. Nearly 12 percent of total beef production was exported, compared to less than 10 percent in 2009.

Click here for more of the details of both our beef and pork exports in 2010.

Oklahoma State Legislature Comes Back to Work After Taking Snow Days
The Oklahoma State Legislature trudges back into Oklahoma City today- after taking a couple of snow days last week. Both the Senate and House Ag Committees will be meeting this week- with several bills of interest to farmers and ranchers.

The Senate Agriculture and Rural Development Committee meets on this Valentine's Day at 3:30 PM in Room 534 of the State Capitol Building.
On their agenda will be just a couple of items:
1.SB 58 By Fields of the Senate Beekeepers; allowing beekeepers to sell honey under certain circumstances; defining honey; specifying types of honey. Codification. Effective date.
2.SB 169 By Myers of the Senate Oklahoma Wheat Resources Act; modifying certain assessment. Effective date.
3.Other Business

Meanwhile the House Agriculture, Wildlife & Environment Committee meets Wednesday morning at 9 AM in Room 432A- their agenda is a good bit longer and includes several wildlife measures in addition to the ag related bills at the top of the meeting:
1. Welcome and Introductions
2. HB1471 - Agriculture; creating Registry of Reproductive Services Businesses - Armes*
3. HB1310 - Veterinary Practice Act; clarifying language - Richardson*
4. HB1575 - Environment; allowing use of gray water for certain purposes without a permit - Martin (Scott)*
5. HB1059 - Environment; public water supply construction permit requirements - Murphey*
6. HB1308 - Customer assistance program of the DEQ; modifying additional responsibilities - Richardson*
7. HB1314 - Game and fish; repeal prohibition to hunt white deer - Richardson*
8. HB1338 - Game and fish; changing certificate of competency and safety age requirements - Renegar*
9. HB1339 - Game and fish; requiring dealers to issue licenses by electronic means - Renegar*
10. HB1347 - Wildlife Bail Procedure Act; repealer - Newell*
11. HB1348 - Game and fish; allowing the sale of taxidermy specimens at estate sales - Newell*
12. Other business and adjournment

The Influence of Rising Commodity Prices on the Conservation Reserve Program
The Economic Research Service of the USDA issued a most interesting report about the future of the Conservation Reserve Program- given the run up in farm gate prices over the last couple of years. According to the report summary- "If high prices become the norm, landowner interest in CRP may wane as they weigh the expected returns to farming against the CRP payment, particularly if CRP rental rates do not keep up with market rental rates. This could lead to fewer acres being offered to the program, with a commensurate drop in ecosystem services."

Using a computer simulation, the authors of this report demonstrate that, in an era of elevated crop prices, maintaining the CRP's acreage, and the environmental benefits it provides, will require higher program payments.

The study speaks of the need to increase CRP rental rates by as much as 60% to keep farmers interested in the program in future sign-ups. "If commodity prices and CRP rental rates prevalent in 2007 were maintained over the long term (commodity prices that are higher than when most CRP contracts enrolled) the quantity and quality of land offered to the program would decline. An increase in these 2007 rental rates by 60-percent would largely offset the long-term impact of the higher prices, albeit with a corresponding increase in program costs."

And that level of increase may not be enough, according to the study- "Over the long term, to enroll acreage that would maintain the environmental benefits currently provided by the program would require roughly doubling CRP rental rates."
Click on the LINK below for the ERS page that gives you the option of downloading either the summary or the full report. Clearly, Congress and the Obama Administration will have to up the ante if the land retirement program that has been in place since the 1980s is to stay as large as it is and continues to deliver as many environmental benefits as land owners have offered to this point.

Click here for more on the CRP study released by USDA on Friday afternoon.

J B Penn Says the Rising Food Demand is a Fundamental Shift as the Middle Class of the World Grows
J.B. Penn, chief economist with Deere & Company, credits rising incomes and changes in dietary preferences of the growing middle class population in developing countries as important drivers of demand for U.S. coarse grains. Penn told those attending the U.S. Grains Council's 2011 International Marketing Conference and Annual Membership Meeting that fast-growing world demand is keeping commodity prices high. He noted that 40 percent of the world's population now lives in countries with economies that are growing at 8 percent annually. To listen to Dr. Penn's remarks to the group- click here for the audio of his presentation.

Penn contended that the world is undergoing a significant and sustainable shift in supply and demand. We are in the middle of a broad structural shift. People want to eat more and better. According to Penn, worldwide consumption is outpacing agricultural production, causing food prices to increase to historic highs. Pointing to Tunisia and Egypt, he said rising food costs can be a catalyst for uprising and protests to emerge over long-simmering social unrest.

Penn said agriculture's challenge is to produce twice as much food in the next 40 years with the same resources as today. He said, the link between increased productivity and increased consumption is trade. Things like trade barriers, export restrictions and tariffs cause panic in world markets. Penn added, a rules-based trading system is critical for our industry to meet world demand.

Click here for more from the US Grains Council on JB Penn's Presentation at their marketing outlook conference.

OSU Plant and Soil Sciences Extension Newsletter Has Hit the Cyberspace Newsstands
Several articles of interest are in the latest Plant and Soil Science Newsletter from Oklahoma State University. For example, Jason Warren debates the pros and cons of keeping terraces in a no till farming operation. He talks of the efficiencies of not having to navigate the terraces year in and year out- but concludes "Terraces are protective infrastructure that should be maintained regardless of tillage, because they provide a layer of protection from large rainfall events. We may not need them very often but the next 20 year rain storm would certainly make us realize why they are important if we decided to remove them."

Josh Bushong has good information on the timing of herbicide applications on canola, and there is a good update on the PASS Student Academy coming in June.

Click on the LINK below to jump to our website and our story on the Newsletter- complete with the PDF that you can download. Great information- and the price is right.

Click here for the latest PASS newsletter from Oklahoma State University's Division of Agriculture.

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.

Click here to check out WWW.OklahomaFarmReport.Com

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 $10.10 per bushel- as of the close of trade on Thursday, while the 2011 New Crop contracts for Canola are now available are $10.90 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:
Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day-
Ron on RON Markets as heard on K101 mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Previous Day's Wheat Market Recap- Two Pager From The Kansas City Board of Trade looks at all three US Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market.
Daily Oklahoma Cash Grain Prices- As Reported by the Oklahoma Dept. of Agriculture. <
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

God Bless! You can reach us at the following:
phone: 405-473-6144

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