~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday, August 29, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Pro Farmer Predicts Smaller Corn Crop Than Forecast by USDA and Similar Sized Soybean Production
-- US Cotton Industry Believes Current Farm Program Has Worked Well- But Acknowledges Changes are Coming
-- Beef Cattle Producers Continue to Wait on Outcome of Eastern Livestock Bankruptcy
-- CropLife America Addresses Issue of Crop Protection Regulation
-- Time for Dairy Farmers to Time to Review Their MILC Contract
-- Monsanto Extends Cotton Variety Deadline for Oklahoma Producers
-- Winter Canola Insurance Deadline is Wednesday- and Drought Summit is Tomorrow- Tuesday
-- 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.
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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.
Pro Farmer Predicts Smaller Corn Crop Than Forecast by USDA and Similar Sized Soybean Production
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~On Friday afternoon, Pro Farmer reported the results of its 2011 crop tour. Pro Farmer pegs the 2011 U.S. corn crop at 12.484 billion bushel with an average yield 147.9 bushels per acre. As for the U.S. soybean crop, Pro Farmer sets production at 3.083 billion bushels with an average yield of 41.8 bushels per acre. Pro Farmer Editors say the slight uptick in the bean yield estimate from USDA's August 1 yield is the result of, quote, - one of the most disease-free bean crops we've ever seen on Tour. Pro Farmer expects USDA will eventually lower harvested acres for both corn and soybeans.
In Ohio, Pro Farmer crop tour participants found an immature corn crop which could be helped by late season rains and an extended growing season. In Indiana, the tour found dry weather stress. Test weights will be light. The Illinois corn crop was found to be - typical. In Iowa, much variation was reported. The tour considered Southwest Iowa - a disaster, but better potential was found in eastern and central Iowa. In Minnesota it's been too dry to produce a good corn crop. In Nebraska, good ear length and solid weight don't make up for missing ears. And in South Dakota, the crop looks really similar to last year's.
In the nation's soybean fields, Pro Farmer Crop Scouts found in Ohio, pod counts are up from year ago, but they need time and water to finish strong. In Indiana, disease and bug pressures were limited. Rains are the key to Indiana's soybean future. In Illinois, the northern half of the crop has plenty of moisture to finish with a good yield. Pro Farmer Scouts see a record yield in Iowa, with one more rain. In Minnesota, dry weather stress has taken its toll. Scouts say Nebraska's beans show far fewer problems than excellent beans. And in South Dakota, a lack of disease and one more rain means the bean crop has a chance at a really good finish.
We've got the state by state review of the 2011 soybean and corn crop in these major midwestern states- and you can review them by clicking on the LINK below.
US Cotton Industry Believes Current Farm Program Has Worked Well- But Acknowledges Changes are Coming
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~On Friday afternoon, the National Cotton Council released this statement about their beliefs on where farm policy should be headed in this country- as the writing of the 2012 farm bill nears:
"The National Cotton Council believes that sound farm policy is essential to the economic viability of the cotton industry. The combination of the marketing loan, Direct Payments (DP) and Counter-cyclical Payments (CCP), as structured in the 2008 Farm Bill, has served the cotton industry extraordinarily well and, in recent years, has required minimal federal outlays.
"However, it is clear that future deficit reduction efforts will place
unprecedented pressure on the existing structure. The Budget Control Act
reinforces the severe funding constraints facing not only U.S. cotton, but
all of agriculture. Deficit reduction will lower the baseline funds
available to upland cotton, and simply downsizing the current program
structure would likely undermine the effectiveness of the programs to the
extent that alternatives must be evaluated to ensure growers have access
to the most effective safety net."
Beef Cattle Producers Continue to Wait on Outcome of Eastern Livestock Bankruptcy
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Past President of the National Cattlemen's Beef Association John Queen says that it is amazing how little new information cattle producers have when it comes to the status and eventual disposition of the Eastern Livestock bankruptcy case. Queen's livestock auction company in western North Carolina was one of many cattle companies that were stung by the Fifth Third Bank decision to stop payment on all checks written by Eastern Livestock at the beginning of November, 2010. No one knows how many millions of dollars were prevented from flowing into the accounts of cattlemen who sold cattle to Eastern and have yet to see a dime on those sales.
Queen adds that Eastern Livestock's bank, Fifth Third, did not do their homework as to the amount of business that Eastern claimed they were doing in the final year before checks started bouncing this past October. Eastern claimed they had tripled their business in 2009 and early 2010 compared to just a few months earlier, which earned them a larger line of credit which they quickly utilized. Queen says that Eastern was claiming to Fifth Third that their volume of cattle transactions were greater than the entire universe of cattle trades within the US. Queen contends that Fifth Third carefully chose their time to stop honoring the checks written by Eastern- choosing to stop honoring those checks at the peak of the fall cattle run, when Eastern would have a maximum amount of money running through their account.
John Queen is our guest on this Beef Buzz- our Beef Buzz shows are heard on great radio stations across the region on the Radio Oklahoma Ag Network. And- we have Beef Buzz shows on our website- jump to our website and click on the Beef Buzz button on the left hand side of any page. Click on the LINK below for this Beef Buzz featuring our conversation with John Queen.
CropLife America Addresses Issue of Crop Protection Regulation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~CropLife America president and CEO Jay Vroom spoke to attendees of the Kansas Agribusiness Retailers Association's (KARA) Annual Meeting in Manhattan, Kas., this past week about regulatory concerns in U.S. agriculture and the important role of state-level outreach. From National Pollutant Discharge Elimination System (NPDES) permitting and spray drift policy, to the role of coexistence among organic and non-organic farming practices, the members of KARA must remain involved in speaking up on these issues and gathering grassroots support.
"Modern agriculture needs more ambassadors to spread the news of the accomplishments farmers and ranchers have made in producing the nation's food, fiber and fuel using the crop protection products and modern agricultural techniques that are now available," Vroom said. "Even more importantly, we must communicate these messages to legislators and regulatory agencies so that agriculture may flourish in a regulatory system based on the best available science."
Vroom says that his organization is very hopeful that the US Senate will be willing to take up H.R. 872, "Reducing Regulatory Burdens Act of 2011": This bill will amend an erroneous court ruling requiring growers to acquire an NPDES permit starting October 31, 2011, for certain pesticide applications to, over or near bodies of water. This redundant regulatory burden increases liability and cost with no added environmental benefit. H.R. 872 has been passed by the House and is currently awaiting action on the Senate floor.
Time for Dairy Farmers to Time to Review Their MILC Contract
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~October 1st marks the start of a new fiscal year for the Federal Government, and therefore a new fiscal year for the Milk Income Loss Contract (MILC) program. While there is a lot of discusssion within the dairy industry about efforts in Congress to reform and improve the dairy "safety net" programs, as it stands now, the MILC and the Dairy Price Support programs continue to be our main safety nets for U.S. dairy farmers.
As a reminder, the MILC program provides cash payments to dairy farmers when the milk price drops below specific thresholds. There is no indication that the milk price will be low enough to trigger a payment under the MILC program in the near future. However, given the volatility in dairy markets, we simply don't know whether the program will trigger in for any of the months between October 1, 2011 and September 30, 2012.
The Milk Producers Council reminds producers to review their "start month" regarding the MILC- click on the LINK below for further details why- you can contact your local FSA office to help walk you through your options as well.
Monsanto Extends Cotton Variety Deadline for Oklahoma Producers
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Monsanto is extending the Trait Crop submission deadline for cotton from Aug. 31,2011, to Sept. 30, 2011, for growers in Oklahoma, West Texas, Kansas and New Mexico, according to Harvey Schroeder, exec. director of the Oklahoma Cotton Council.
This extension applies to all Monsanto products with Genuity cotton
traits regardless of the brand of cottonseed, according to John C.
Combest, Monsanto spokesman.
Farmers must have purchased Monsanto Trait technologies from an authorized dealer and must meet all requirements for Roundup Rewards. The acres claiming crop loss must be destroyed for the crop loss to be paid and is subject to verification.
Winter Canola Insurance Deadline is Wednesday- and Drought Summit is Tomorrow- Tuesday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Winter canola planting is just around the corner! Producers need to be getting their crop insurance information together and turned in to their crop insurance companies. August 31, 2011 is the deadline to have your canola insurance information turned in. The 2011-2012 canola crop insurance has been set for 0.27/lb or $13.50/bu for a T-yield of 1298 lbs/acre. The counties that do not have a program county for canola, a request for a written agreement must be signed by the August 31, 2011.
The Risk Management Agency (RMA) will determine the qualification based on your history of the 3 previous wheat crops or similar crops. Your window of planting winter canola is Sept.10- Oct. 10. If canola is becoming part of your rotation on your farm make sure to check with your crop insurance company to get your crop insurance information.
Finally- the Oklahoma Farm Bureau's Drought Summit is set for Tuesday at the state headquarters building of the Oklahoma Farm Bureau- starting at 9:30 AM. Click here for the schedule of the event- featuring a variety of folks to address drought issues and farmers and ranchers can cope with all the problems that drought brings.
A new supporter of your daily email are the Legendary Restaurants of Oklahoma- each Friday at 8:30 AM central time- another great Oklahoma restaurant will be featured with a special half priced deal- you will be able to buy fifty dollars worth of certificates for just $25! The first restaurant to be featured will be Freddie Pauls in Stillwater- click here for more details on this great deal coming this Friday for lovers of steak and all the many other things they offer at this Legendary restaurant.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers 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.
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 $12.89 per bushel, while the 2012 New Crop contracts for Canola are now available are $13.15 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: