~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday, August 31, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Agriculture Secretary Jim Reese Estimates Agricultural Losses Due to Drought At $2 Billion
-- Nationally- Net Farm Income is Rising
-- Canola TV - The Great Plains Canola Association Assisting Producers Across Oklahoma
-- Quickest Help for Ranchers Hit by Drought- the Livestock Forage Program
-- National Corn Growers Association Prepares for the 2012 Farm Bill
-- R-CALF USA Accuses USDA of Failing to Protect Health and Safety of U.S. Cattle
-- Winter Canola Crop Insurance Signup Deadline is TODAY- and More Drought Info
-- 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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Agriculture Secretary Jim Reese Estimates Agricultural Losses Due to Drought At $2 Billion
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma Agriculture Secretary Jim Reese spoke on Tuesday at the Oklahoma Farm Bureau Drought Summit meeting focusing on the losses in agriculture across the state of Oklahoma. Despite the losses across the state, Reese says he is choosing to focus on the positives of the drought.
Reese stressed the importance of remaining optimistic about recovering from the drought, saying while this has been a historic drought with historic heat, it has also been a year with historic prices and historic consumer demand for agricultural products. However, Reese says this will more than likely be a year with a historic amount of agricultural production loss.
Secretary Reese, with the help of the National Agriculture Statistics Service, presented the total losses so far for hay in the state at $294 million. The loss for cotton is $136 million, while wheat loss came in at $122 million. The overall crop loss approaches $1 billion for the 2011 year. In addition, the Radio Oklahoma Network has been told that the Oklahoma State University Agricultural Economics department is also working on drought loss numbers as well. These numbers will be available in a few weeks.
Reese also presented the loss when it comes to cattle for the past year. The number of cattle sold from January 1 to July 31 has increased by 45,757 head, a total of 5% increase. This comes up to a total loss of $1 billion for cattle in Oklahoma as well. The total amount of loss then for Oklahoma is roughly $2 billion for 2011. Reese says that while this is $2 billion lost in agricultural product that does not translate to $2 billion lost to Oklahoma producers.
Click on the LINK below to listen to Secretary Jim Reese's comments on the drought, discusses the loss numbers and what they mean to Oklahoma producers, as well as, ways for producers to bounce back from the drought of 2011.
Nationally- Net Farm Income is Rising
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The USDA Economic Research Service (ERS) released the Farm Income and Costs report on Tuesday, which indicates that 2011 net farm income will increase more than 30 percent from 2010 while government payments will be decreased 17 percent.
The report states that all three measures of farm sector earnings, which include net farm income, net cash income and net value added, are forecast to rise more than 20 percent in 2011. Net farm income and net cash income are both projected to exceed $100 billion for the first time in 2011. Also, total expenses are forecast to increase by $32.5 billion, exceeding $300 billion for the first time.
ERS reports that the 2011 forecast of net farm income is the second
highest inflation-adjusted value recorded since 1973. Net farm income is
forecast at $103.6 billion for 2011, up $24.5 billion for a rise of 31
percent from 2010. Average net cash income for farm businesses is
projected to be $83,100 in 2011, an almost 17 percent increase from the
2010 estimate of $71,100. Net value added is expected to increase by $27.1
billion in 2011 to $157 billion.
Government payments are forecast to be $10.2 billion in 2011, a
17.7-percent decrease from 2010.
Canola TV - The Great Plains Canola Association Assisting Producers Across Oklahoma
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In the newest edition of Canola TV, we sat down with Jeff Scott, a canola producer in northern Oklahoma and member of the Great Plains Canola Association, and discussed the Great Plains Canola Association and how beneficial it has been to canola producers across the state. This grower association was founded by a group of producers in 2005.
However, the association did not hold the first meeting until July 2007. It took almost two years to get the corporation formed but has made great strides in the industry since then says Scott. The Great Plains Canola Association has lobbied Congress for changes in crop insurance and chemical registrations, as well as, passed the oilseed checkoff.
Scott says the Great Plains Canola Association is more of a lobbying branch compared to the Oilseed Commission, which works on funding for research programs. Scott also says the Great Plains Canola Association has been working hand in hand with producers in everything from teaching them how to calibrate their drills, to growing the crop, to scouting.
Click on the LINK below to watch the rest of our conversation with Jeff and to learn more about the Great Plains Canola Association.
Quickest Help for Ranchers Hit by Drought- the Livestock Forage Program
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Francie Tolle, executive director for Oklahoma Farm Service Agency (FSA), reminded those at the Oklahoma Farm Bureau Drought Summit on Tuesday that Oklahoma producers who have suffered livestock grazing losses due to qualifying drought may apply for assistance under the provisions of the Livestock Forage Disaster Program (LFP). This permanent disaster program is authorized in the 2008 Farm Bill.
"The Livestock Forage Disaster Program will help those producers who have suffered devastating losses from fires and the ongoing drought," said Tolle. "LFP ensures that producers receive the critical disaster assistance needed to remain financially solvent and help them continue on in their operations."
Tolle told us at the OFB drought meeting that over $40 million has been paid to Oklahoma livestock producers in the last couple of months due to the drought conditions. She says eligibility is based on the National Drought Monitor- and that virtually the entire state has been considered to be dry enough to be eligible.
Tolle also mentioned to us that the signup deadline for NAP coverage of non insurable crops which qualifies you for programs like the Forage Assistance is TODAY- if you have not signed up your forage production as well as other qualified crops- do not wait- call the FSA office right now and get it done- after close of business today- it will be too late.
National Corn Growers Association Prepares for the 2012 Farm Bill
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The National Corn Growers Association held a news conference with Congressman Bobby Schilling (Rep.- Ill.) at the Farm Progress Show in Decatur, Ill., highlighting preparations for the 2012 farm bill in light of the looming debt crisis. NCGA also focused on the top priorities for corn farmers regarding the need for a substantive safety net in today's volatile economic environment.
"The Farm Progress Show is an awesome showcase of some of the best that American agriculture has to offer," Congressman Bobby Schilling said. "As a member of the House Committee on Agriculture, which will be tasked with writing a new farm bill, I highly value this opportunity to witness the advances in technology that farmers use to feed our country and the world."
Expressing gratitude for the House member's participation, NCGA leadership explained the importance of public-private partnership crop insurance programs and the role these tools play in ensuring a stable, abundant supply of food, feed, fuel and fiber.
"We are honored to participate in an event with Congressman Schilling at the Farm Progress Show to discuss one of the most important pieces of legislation to America's farmers," said NCGA First Vice President Garry Niemeyer, farmer from Auburn, Ill. "The farm bill provides critical assistance to farmers when they face a loss due to adverse weather conditions, crop disease and volatile commodity markets. As Congress begins preparations for the 2012 farm bill, we want to make sure they understand the importance of effective risk management tools for our nation's farmers that will have the ability to protect against revenue losses due to circumstances beyond our control."
R-CALF USA Accuses USDA of Failing to Protect Health and Safety of U.S. Cattle
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~On the eve of the group's 12th annual convention, held August 26-27 in Rapid City, South Dakota, the 23 directors, committee chairs and officers of R-CALF USA sent a strong letter to U.S. Agriculture Secretary Tom Vilsack criticizing him for his failure to strengthen the United States' previously weakened animal disease protections.
The letter states the Agriculture Secretary has failed miserably to maintain the health and safety of the U.S. cattle herd "and, hence, the safety and security of our U.S. beef supply."
The letter cites several examples of what they believe are Agriculture
Secretary's failures, the first one being:
R-CALF USA's frustration regarding the Agriculture Secretary's actions is readily apparent throughout the letter: "Your department's actions and inactions, in direct contradiction to our concerns, strongly indicate that your department's loyalties lie elsewhere rather than with U.S. cattle farmers and ranchers; and, it is apparent that your department believes the interests of United States cattle producers must, for some reason, be sacrificed for the good of some higher calling. We are unable to arrive at any alternative conclusion."
Winter Canola Crop Insurance Signup Deadline is TODAY- and More Drought Info
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The clock is ready to strike midnight for being eligible to buy crop insurance for winter canola here in Oklahoma for the 2011-12 crop. Producers need to get their crop insurance information together and turned in to their crop insurance companies- BY CLOSE OF BUSINESS TODAY!
The Risk Management Agency (RMA) will determine the qualification based on your history of the 3 previous wheat 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. If you have any interest in trying to plant winter canola this fall- you have to get your intentions on crop insurance in TODAY in order to be covered.
Cattle producers in and around McClain County looking to make informed
drought-related decisions should plan to attend the Sept. 1 McClain County
Drought Management Meeting.
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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 $13.23 per bushel, while the 2012 New Crop contracts for Canola are now available are $13.47 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:
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