Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday October 6, 2011
A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Former Chairman of the US House Ag Committee Pushing for Livestock Industry Relief from Ethanol Mandate
-- Biofuel Groups Push Back on Renewable Fuel Standard Changes
-- Ag Chairman Frank Lucas says It's Time for Congress to Put Jobs First
-- Getting Winter Canola Established Before Winter Dormancy- How Late is Too Late?
-- Panama Canal Expansion Could Improve Competitiveness of U.S. Soy
-- Oklahoma Selected to Receive Grant to Boost Economic Development
-- Looking for Rain in Driest Parts of Western Oklahoma.
-- SPCC Enforcement Looms
-- 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 proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555- and their IPHONE App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your Iphone.
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.
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 Ron Hays on RON.
Congressman Bob Goodlatte, a former chairman of the House Agriculture
Committee believes that the political momentum has shifted in in the
direction of a federal policy that would relax some of the tax incentives and
mandates that have encouraged the heavy use of corn in ethanol production.
"I think the momentum is building," he said. Although
his "trigger approach is a new idea," he said that concern about
the government's role in the ethanol industry is one that has been coming
under increasing pressure." He cited a Senate vote earlier this year to
repeal the blender's tax credit and a House vote rejecting a proposal to
subsidize installation of ethanol-pumping equipment.
The National Cattlemen's Beef Association supports the new
legislation and changes to the renewable fuels standard. NCBA released the
following statement below.
Kevin Kester, California cattleman and president of the
California Cattlemen's Association, an affiliate of NCBA, said this
legislation will provide relief from tight corn supplies.
America's consumption of renewable fuels based upon arbitrary, pre-determined
thresholds for corn demand and supply ratios is unnecessary and may lead to
higher prices at the pump warned leading biofuel organizations - the American
Coalition for Ethanol (ACE), the American Farm Bureau Federation (AFBF),
Growth Energy, the National Corn Growers Association (NCGA), the National
Farmers Union (NFU), the National Sorghum Producers, and the Renewable Fuel
Speaking to concerns over high corn prices, the groups wrote, "Numerous studies have concluded that the RFS is a minor contributor to corn prices. The most recent study, a July 2011 analysis commissioned by the International Centre for Trade and Sustainable Development, found that corn prices would have been exactly the same in 2009/10 if both the RFS and Volumetric Ethanol Excise Tax Credit (VEETC) had not existed."
The groups also highlighted the inherent risk associated with tethering public policy to frequently changing corn stocks-to-use data reported by the Department of Agriculture (USDA). According to University of Illinois economist Darrell Goode, stocks-to-use ratio should only be considered as "a starting point (for estimating potential price impacts)" and as such, "the relationship between stocks-to-use and price is not consistent over time." Such an imperfect indicator of potential market conditions should not be used as the basis for policy, the groups stated.
week during The Ag Minute, Agriculture Committee Chairman Frank Lucas
discusses what is at stake for farmers, ranchers, and small businesses if the
Senate fails to pass H.R. 872, the Reducing Regulatory Burdens Act, before
A portion of the transcript is written below.
"All it will do is impose substantial new costs. That slows
down economic activity and hurts job growth, at a time when we can ill afford
to do so.
seedbed conditions continue to exist in many parts of Oklahoma as we approach
the tail-end of the canola planting window. However, we still have time to
plant and have a good chance to establish winter hardy canola stands. Canola
plants require an adequate amount of time (4-6 weeks) to develop leaf area
and begin photosynthesis to enable carbohydrate storage in roots.
Maximum winter hardiness in canola has been observed when plants have 7-8 true leaves and the canopy height is about 10 inches. True leaves are defined as leaves that emerge from the growing point (crown) after the two cotyledon leaves emerge from the soil.
A new leaf will appear every 4-7 days during the fall before winter dormancy. Even emergence with winter canola is not as important as with crops such as corn and sorghum. After canola re-growth begins in the spring plants should look similar. Winter survival is dependent in a large part upon carbohydrates stored in the plant's roots.
extensive study coordinated by the United Soybean Board's (USB) Global
Opportunities (GO) program expects a new, larger shipping lane through the
Panama Canal to double the area that draws U.S. soy to Mississippi River
destinations eventually destined for export through Gulf of Mexico ports.
-Expand the average area that draws U.S. soy and grain to the
Mississippi River for barge transit to central Gulf of Mexico ports from 70
miles to over 150 miles
"Much of the talk about the impact of the Panama Canal expansion has been speculation," says USB Vice Chair Vanessa Kummer, a soybean farmer from Colfax, N.D. "The soybean checkoff initiated this study to assemble credible data and scenarios that will allow U.S. soybean farmers and the rest of the U.S. soy industry to better understand and prepare for what may result from a much larger Panama Canal."
Secretary Tom Vilsack announced investments in 33 states and one territory
that will create jobs and improve the quality of life in rural communities
across the nation.
In Wilburton, Okla., Eastern Oklahoma State College was selected to receive a $36,310 grant to help expand and update the college's meat processing plant.
The $46.8 million is being funded through the USDA Rural Development Community Facilities Program. Funding of individual recipients is contingent upon meeting the terms of the loan or grant agreement. USDA Rural Development's Community Facilities Program helps finance essential community facilities for public use in rural areas. These facilities include child care centers, hospitals, medical clinics, assisted-living facilities, fire and rescue stations, police stations, community centers, public buildings and transportation. Through this program, USDA ensures that such facilities are available to all rural residents. These funds are available to public bodies, non-profit organizations and federally recognized Indian tribes.
Already tiny amounts of preciptiation have been seen in Western portions of the state- and there is a promise for more by Friday night into Saturday and Sunday. According to the Oklahoma Mesonet- the rainfall amounts to this point are in the hundredths of an inch.
Today- it may be more of a wind event. In the National Weather Service Forecast Discussion- they say of today's weather- "Our attention turns quickly to large storm system approaching from the west. Initial impact will be to drop surface pressures in the lee of the Rockies which will in turn create windy conditions across the southern plains. Will need to go with a wind advisory for portions of Western and Northwestern Oklahoma today as sustained wind speeds of 30 mph and frequent gusts over 40 mph seem likely by late morning through the afternoon hours."
Significant rainfall is STILL in the mix by Friday evening and
Saturday- the question in the weather service's collective braintrust is- how
far east will the rain track. Again- back to the NWS and their Forecast
Discussion- "much better opportunity for precip will hold off until late
friday into friday night across western sections of Oklahoma into western north
Texas. Still quite a bit of difference in eastward progression of precip over
the weekend" between two of their major weather models.
We wanted to clarifiy our reports from earlier this week on the SPCC regulations that are already on the books. We implied that these were new regs- they are not new- what is new is the EPA intent to get really nasty in their enforcement on those who do not have a plan and should have one. The folks at One Resource Environmental expalin it this way- "SPCC is not a new regulation. It has been in effect since 1974. Farmer's who were in business before August of 2002 are supposed to have an SPCC plan already, however, 99% do not have one and are already out of compliance. The compliance deadline of November 10, 2011 has been imposed because of this lack of conformation. ALL farmer's who fall within the storage thresholds and could reasonably be expected to have a spill on their property reach water MUST comply by the deadline or face fines beginning at $1,000 per day if they are found not to have a plan." If you want to know more- click on the One Resource Environmental link in the next paragraph.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers ,One Resource Environmental- operators of FarmSPCC.Com, and KIS Futures 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.
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 $11.34 per bushel, while the 2012 New Crop contracts for Canola are now available are $11.40 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: