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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 $12.19 per bushel-
2012
New Crop contracts for Canola are now available at
$12.33 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.
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Friday,
March 30,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Cattlemen
Support Senate Bill on Permanent Estate Tax
Repeal
The
National Cattlemen's Beef Association (NCBA),
representing generations of farming and ranching
families across the nation, strongly supports the
introduction of legislation that will fight for
full, permanent repeal of the estate tax. Senator
John Thune (R-S.D.) introduced
the Death Tax Repeal Permanency Act (S. 2242) to
abolish the federal estate tax, which according to
NCBA President J.D. Alexander, is
an unnecessary tax on small businesses and farm
and ranch families across the country. The
bipartisan legislation is identical to the bill
(H.R. 1259) introduced in the U.S. House of
Representatives by Kevin Brady
(R-Texas).
"By once again introducing
legislation to repeal this onerous tax, lawmakers
on both sides of Capitol Hill have demonstrated an
understanding and appreciation for the immense
burden this tax places on American cattle
producers who are hoping to pass their operation
on to the next generation," said Alexander. "The
death tax is detrimental to the farmers and
ranchers who live off the land and run asset-rich,
cash poor family-owned small
businesses."
Reducing the tax burden on
ranchers has always been a top priority for NCBA
and the beef cattle community. For decades, NCBA
has urged full and permanent repeal of the estate
tax.
"Our priority is to keep families in
agriculture and this tax works against that goal,"
said Alexander. "The appraised value of rural land
is extremely inflated when compared to its
agricultural value. Many cattle producers are
forced to spend an enormous amount of money on
attorneys or sell off land or parts of the
operation to pay off tax liabilities. This takes
more open space out of agriculture and usually
puts it into the hands of urban
developers."
Click here to read more on this
important issue.
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Sponsor
Spotlight
We
are 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
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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OSU
Canola Specialist Josh Bushong Says 2012 Crop
Showing Great
Potential
The
2012 winter canola crop shows great potential with
the crop now mostly in the blooming stage. We get
an update on how far ahead of normal we are with
Josh Bushong, a canola Extension
Specialist with OSU as well as updates on insect
pressures and more detail about how the crop is
developing.
Bushong says most of
Oklahoma's crop is ahead of
schedule.
"We're around ten to 14 days
earlier than what we should be. We're still not
sure if that will translate into a longer pod
development period or if we'll just have an
earlier harvest, but hopefully we'll have enough
time to set enough pods and make some really good
yields."
He says most of the crop is three
quarters of the way to full bloom if not a little
past that stage, especially in the south.
"Some of our earlier varieties in the
southern part of the state are starting to get
past that full bloom period. We're starting to
taper off a little bit. With these recent rains
it's started to create a lot more pods and really
fill in some marginal stands. Stands have really
been able to have a little bit more time to fill
in some areas where it needs to so hopefully
they'll be able to get some good yields from
marginal stands."
Our
video visit with Josh is a part of our ongoing
CanolaTV feature- a service of PCOM- Producers
Cooperative Oil Mill.
Read more or check out Josh Bushong's
full analysis on the current canola crop on Canola
TV by clicking here.
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USDA
Reminds Producers of Approaching Deadline for CRP
General Sign-Up
Agriculture
Secretary Tom Vilsack reminded landowners, farmers
and ranchers that the opportunity to enroll in the
Conservation Reserve Program (CRP) general sign-up
43 ends on Friday, April 6, 2012. Producers who
want to offer eligible land for CRP's competitive
general sign-up may enroll at the Farm Service
Agency (FSA) county office where their farm
records are maintained.
CRP is a voluntary
program available to agricultural producers to
help them use environmentally sensitive land for
conservation benefits. Producers enrolled in CRP
plant long-term, resource-conserving covers to
improve the quality of water, control soil erosion
and develop wildlife habitat. In return, USDA
provides participants with rental payments and
cost-share assistance. Contract duration is
between 10 and 15 years. Producers with expiring
contracts and producers with environmentally
sensitive land are encouraged to evaluate their
options under CRP.
To read more about the CRP sign-up,
click here.
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Kim
Anderson Reviews Wheat Stocks And Explains This
Week's Declining Prices
Kim
Anderson, OSU's grain marketing
specialist says world wheat stocks are already
high and, with good growing conditions across the
country, he is expecting ending stocks to be even
higher. He says we are already seeing significant
downward pressure in prices. He tells SUNUP's
Lyndall Stout they broke this week and are down
around 40 cents- basis the Kansas City July
contract.
"It broke its support level late
in the week at $6.70. The next support level is
down around $6.40. If it breaks that, we may have
another 50 cents down.
Anderson said
farmers on the Northern Plains are making some
strategic changes in advance of spring planting
that will also affect wheat prices.
"In the
spring wheat area I saw a report from North Dakota
that said there were about $135 an acre potential
profit with corn and about $35 an acre potential
profit in spring wheat and I think that's why
we're seeing those potential wheat acres going to
corn. It's just a good economic
decision."
You can hear more of Kim Anderson's
analysis and check out a rundown of this week's
SUNUP program by clicking here.
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OCA's
Scott Dewald Praises 2012 DASNR Champion Award
Winners
Oklahoma
State University's Division of Agricultural
Sciences and Natural Resources honored three
Oklahomans for their lifelong contributions to
agriculture this week in Stillwater.
William L. Ford, Virgil Jurgensmeyer and
the late Paul Jackson were named
2012 DASNR Champions. The DASNR Champion Award
recognizes and honors those who are not graduates
of OSU's College of Agricultural Sciences and
Natural Resources but who have brought distinction
to the division while demonstrating a continuing
interest in and commitment for agricultural
sciences and natural resources.
Scott
Dewald, executive director of the Oklahoma
Cattlemen's Association, attended the ceremony
honoring this year's three, in Dewald's words,
"agvocates" and offered his comments.
"Bill
Ford did an excellent job of talking about his
background and how he built a company with a lot
of hard work and sweat. You could tell he was very
passionate about that," Dewald
said.
You can read all of Dewald's comments
and find the profiles of this year's winners by
clicking here.
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This
N That- Prospective Plantings Out This AM, TV to
Watch This Weekend and TSCRA
USDA
will serve up a couple of key reports on Friday
morning at 7:30 AM central- a regular Grain Stocks
report- and then the annual springtime Prospective
Plantings report. That second report is what
is garnering most of the attention- the average
pre report guess for the number of corn acres
being planted that this report will estimate is
94.7 million- 2.78 million more acres than planted
a year ago. Lots of industry watchers
believe that the final actual number will exceed
95 million acres planted this year- but don't
expect USDA to be that bold this morning.
Meanwhile, soybean acres are expected to be around
75.5 million acres- and total wheat acres expected
at 57.6 million. In the earlier story we had
with Kim Anderson- he pointed out that many spring
wheat acres may end up going over to corn-
based on potential profits back to the farmers- so
that could be one of the "surprises" of the
report- we will have coverage of the reports from
USDA on our website, OklahomaFarmReport.Com.
Lots
of TV to check out this weekend- besides the Final
Four national semis on Saturday evening- (Go
Cats!). Saturday morning, we welcome
Scott Dewald of the Oklahoma
Cattlemen's Association to our In the
Field segment on KWTV, News9 in Oklahoma
City. We talk about the state legislature
and how our farm groups are viewing the current
tax debate- as well as water issues- and talk
about the itch many cattle producers have to get
those swathers and hay bailers going. Also on
Saturday, you've got Lyndall
Stout and her team on
SUNUP- click here for the lineup for
that Saturday morning show on OETA- and then on
Sunday afternoon, a program about the
Oklahoma Ag Leadership
Program's experienced in Scotland,
Northern Ireland, and the Republic of Ireland will
be showcased on Oklahoma Horizon TV this Sunday
April 1 at 3:00 p.m. on OETA. Alisa
Hines, member of Class XV and Oklahoma
Horizon TV producer, was instrumental in producing
this show.
And
just a final word- watch for our web stories and
Tweets over the weekend from the 135th Annual
Convention of the TSCRA in Ft.
Worth- Click here for details of their
annual gathering of Texas and Oklahoma cattle
producers.
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Legendary
Restaurants of Oklahoma Welcomes the Classen Grill
With Half-Price Gift Certificates
For
nearly three decades, Classen Grill has been
offering tasty meals, unique dishes and
outstanding customer service in Oklahoma City.
Opened in 1980, the restaurant has provided mostly
the same format and food offerings. That's one of
the factors that makes Classen Grill
special.
Most regulars at Classen Grill
call it a home away from home and as Dorothy meant
to say, "There's no place like your home away from
home." That's because the friendly atmosphere and
fresh breakfast dishes have been a staple here
since 1980.
Early morning risers can enjoy
Classen Grill specialties including BLT Benedict,
Migas, Colorado Burrito and Chinook and Eggs.
Don't forget about the Coyote Quesadilla, which
makes your taste buds howl with delight. There are
also great omelets, pancakes, french toast and
cinnamon rolls.
For lunch, bite into juicy
burgers, chicken fried steak, sandwiches and
salads.
No matter what your watch says,
quench your thirst with the fresh-squeezed orange
juice that has been a Classen Grill favorite for
over 25 years.
Click here to take advantage of $50
worth of Classen Grill food for only $25.
You can hear an interview with
Classen Grill's Loretta Warden by clicking
here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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