|
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.
Let's Check the
Markets!
Today's
First Look:
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.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Current
cash price for Canola is $11.82 per bushel-
2012
New Crop contracts for Canola are now available at
$11.98 per bushel- delivered to local
participating elevators that are working with PCOM.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
KCBT
Recap:
Previous Day's Wheat Market Recap-Two
Pager from the Kansas City Board of Trade looks at all
three U.S. Wheat Futures Exchanges with extra info on
Hard Red Winter Wheat and the why of that day's
market.
Feeder
Cattle Recap:
The
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
Slaughter
Cattle Recap:
The
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
TCFA
Feedlot Recap:
Finally,
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
| |
Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Thursday, December
29, 2011
|
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
Billions
of Dollars of Crop Insurance Indemnities Already
Paid to Oklahoma and Texas Farmers for Failed 2011
Crops
The
money continues to flow from Crop Insurers to
farmers and ranchers as 2011 rapidly comes to a
close. According to the latest statistics of
indemnity payments that have been made nationally,
$7.938 billion dollars has paid to farmers for
losses to their 2011 crops- based on data through
the close of business December 27, 2011.
More
than a fourth of that money has been handed over
to Texas farmers who have received $2.213 billion
with likely more claims yet to be paid. For every
dollar paid into crop insurance for the 2011 crops
in Texas- $2.04 has been paid out to
date.
According to Scott Bulling with the
Oklahoma Farm Bureau, Oklahoma's share of Crop
Insurance payments now totals $381,789,941, with a
loss ratio of $1.89 paid out for each dollar that
was paid in. Bulling believes there are still a
significant amount of claims to be paid to
Oklahoma producers for the 2011 crop year, and
that the final indeminity total for the state
could approach or exceed $400 million.
At
this point, fully one third of the national Crop
Insurance Indemnity Payments have gone to farmers
in these two states that faced exceptional drought
a large portion of the growing season from spring
into fall.
Click here to read more- and
follow the link to the December 19th snapshot that
provides county by county numbers. That snapshot
shows Jackson County with the 11th most
compensation from Crop Insurance thus far this
crop year, with more than $62 million in claims
that have been paid.
|
Sponsor
Spotlight
It is 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
brand new website!
And
we are proud to have P & K Equipment/ P
& K Wind Energy as one of our regular
sponsors of our daily email update. P & K is
the premiere John Deere dealer in Oklahoma, with
ten locations to serve you, and the P & K team
are excited about their Wind Power program, as
they offer Endurance Wind Power wind turbines.
Click here for more from
the P&K website.
|
MF
Global Debacle- More Important in Farm Country
Than the Farm Bill
Kansas
State University Professor Art Barnaby is calling
the MF Global situation a significant development
in 2011 for farmers and ranchers- stating in an
paper he authored this past week that it could be
more important in 2012 to the farm community than
the writing of the next farm bill.
Dr.
Barnaby, in his paper, says "This MF Global
debacle is really a big deal, and probably more
important to farmers than the Farm Bill. If the
regional banks (not too big to fail) and Farm
Credit system lose confidence in the marketing
system and view those hedge accounts as having
risk from unauthorized use, then the whole
marketing chain is in trouble. Elevators need
margin money to manage the price risk for stored
grain."
"If the collateral and interest
rates increase to cover the perceived risk in
margin accounts, then elevators (grain buyers)
will need to widen their margins. Bottom line,
higher marketing risk means lower cash bids than
otherwise would be the case. Farmers who have
never used futures will be affected in the cash
market if this problem is not fixed. Many farmers
are very angry about the fund losses in their
hedge fund accounts and have stated they will
never do business with the CME again! It is a
little like loss of money from one's checking
account; one just doesn't expect that to happen,
so these farmers have a right to be mad. However,
that will not fix the problem and the grain will
be hedged by the elevators and other grain buyers,
so all grain farmers will be doing business
indirectly with the CME."
Click here to read more- we have
Dr. Barnaby's complete article linked on our
website. |
Corn
Growers and Other Ag Groups Expect Environmental
Case Decisions in 2012
Officials
with the National Corn Growers Association is
currently involved in two major pieces of
environmental litigation that will likely be
decided in federal court in 2012. They contend
that this could have major implications for future
environmental regulations.
Earlier
this year, NCGA joined with the American Farm
Bureau Federation and other agricultural
organizations to challenge the Environmental
Protection Agency's Total Maximum Daily Load for
nitrogen, phosphorus and sediment in the
Chesapeake Bay. The farm groups stated the
Chesapeake Bay TMDL goes beyond the scope of Clean
Water Act authority, that the science used by the
Agency is flawed and that the regulatory process
lacked transparency. The case has been filed in a
federal court in Pennsylvania.
The
second lawsuit involves pesticide registrations
and their potential impact on endangered species.
The Center for Biological Diversity filed a suit
against EPA in 2011 alleging that the agency
failed to consult with the Fish and Wildlife
Service and National Marine Fisheries Service on
hundreds of pesticide registrations potentially
affecting hundreds of species.
The
National Corn Growers are fearful that EPA may
lose this case- and is working with other groups
to make sure that agriculture gets a seat at the
table if a Federal Court Judge orders the parties
to sit down and develop a plan that could mean
major disruptions in ag chemical use in this
country.
Click here to read more- and in
our web article we have several links to more
background on both of these cases.
|
OSU
Vet Dave Sparks Says- Don't Waste Your Vaccine
Dollars
If
you purchase vaccine for a disease and inject it
into your animals you can rest assured that you
won't have to worry about that disease.
Right? Wrong! At least, that's
the opinion of Dr. Dave Sparks, Oklahoma State
University Area Extension Veterinarian. Dr. Sparks
offers the following thoughts about vaccines and
how to utilize them to your maximum
advantage.
To start with no vaccine is 100%
effective at providing immunity to all animals it
is administered to. Further, your techniques for
purchasing, storage and use of vaccines can
diminish their effectiveness tremendously.
Although you can't expect perfect protection,
there are some common sense things you can do to
get the greatest possible benefit from your
investment in animal health products.
Dr.
Sparks adds that Proper vaccine management starts
at the purchase. If you order vaccines online or
via telephone, order them on Monday so they will
not be held up over a weekend. Request extra cold
packs. When the product arrives check it to see
that it is still cold. If it is, store it
correctly.
Read
more of the advice that Dave Sparks has in making
sure you get your money's worth when it comes to
buying vaccines for your cattle herd- just click here.
|
Speaking
of Vaccines- Dealing Proactively in the Ongoing
Battle with Bovine Respiratory
Disease
With
the winter season now officially here, any
movement of cattle can raise the risk of
respiratory disease. We talked about these risks
with Scott Nordstrom with Merck Animal Health on
today's Beef Buzz.
Nordstrom
tells us that one of the best things we can do in
dealing with beef animals is to be "proactive" in
putting into place a preventative vaccine program
before the animals go through any stressful
situations.
Click here to jump over to the Beef
Buzz section of our website and this edition
of the Beef Buzz, as heard on great radio stations
across Oklahoma and into our neighboring
states.
|
High
Plains Irrigation Conference Coming January 19 in
Amarillo
The
annual High Plains Irrigation Conference and Trade
Show hosted by the Texas AgriLife Extension
Service will be held Jan. 19 in the Regency Room
of the Amarillo Civic Center, 401 S. Buchanan St.,
Amarillo.
The
program this year, which is jointly sponsored by
AgriLife Extension and the Texas Agricultural
Irrigation Association, addresses a wide variety
of topics, said Nich Kenny, AgriLife Extension
irrigation specialist. The registration fee will
be $30, payable at the door only, and includes
lunch.
Among
those on the program is our buddy OSU Extension
Area Agronomist Rick Kochenower who is based in
Goodwell in the Panhandle. Click here for a look at the rest of
the program for this important irrigation
conference.
|
Terry
Wyatt and Barbara Jacques Named to Cattlemen's
Beef Board for Three Year
Terms
Agriculture
Secretary Thomas J. Vilsack today announced 29
appointments to the Cattlemen's Beef Promotion and
Research Board. All appointees will serve 3-year
terms.
"These appointees represent a
cross section of the beef industry and I am
confident that beef producers and importers of
cattle, beef and beef products will be well served
by them," said Vilsack.
There
are two new appointees that will represent
Oklahoma- Terry L Wyatt of Hollister in Tillman
County and Barbara Jacques of Shidler in Osage
County. Jacques is a Past President of
the Oklahoma Cattle Women- serving in that post
from 2007 to 2009.
These two ranch
ladies are taking the seats from retiring board
members Bob Drake of Davis and Andrea Hutchison of
Canton.
Click here to see the full list
of 29 appointees as named by Secretary
Vilsack.
|
|
God Bless!
You can reach us at the following:
phone: 405-473-6144
| | |