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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!
Our Market Links are Presented by Oklahoma Farm Bureau
Insurance
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.
We
have a new market feature on a daily basis-
each afternoon we are posting a recap of that day's
markets as analyzed by Justin Lewis of KIS
Futures- and Jim Apel reports
on the next day's opening electronic futures trade- click
here for the report posted yesterday afternoon
around 5:30 PM.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Cash
price for canola was $11.61 per bushel- based on
delivery to the Northern AG elevator in Yukon yesterday.
The full listing of cash canola bids at country points
in Oklahoma can now be found in the daily Oklahoma Cash
Grain report- linked above.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Jim Apel and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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
Thursday, June 20,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Frank
Lucas Holds His Banner High as Farm Bill Debate
Charges Forward- 98 Amendments Debated- 5 to Go
As
the day began on Wednesday- it seemed very
unlikely that there was any way that the House
would finish work on the 2013 Farm Bill as brought
forward by Oklahoma Congressman Frank
Lucas this week. After all, it had
already been announced the final votes of the week
were going to be by mid afternoon Thursday.
Well,
the procedural debate on the Rule that made 103
amendments "in order" by the Rules Committee got
highjacked quickly and the hour of debate turned
into almost a 100% bashing of the Committee plan
to cut $20.5 billion out of Nutrition spending
over a ten year period. The female lawmakers
were especially shrill- and seemed to be looking
for new words to describe the cuts proposed by the
Ag Committee- one word that popped up was
"gargantuan." Former House Speaker
Nancy Pelosi weighed in- saying
this was all about "the children, the children,
the children" as those who were against the cuts
swore that the Lucas and his proposed bill would
starve children- lots of them. Rosa
DeLauro claimed that a million children
would lose food stamps and might certainly starve
to death because of this move to slow the growth
of food stamp-SNAP spending. Between the
procedural vote and then consideration of
Amendment One- the Jim McGovern
plan to fully restore all of the cuts- there was a
flood of negativity at the front end of the farm
bill debate. (later when the recorded vote was
finally taken- the Democrats lost in an almost
straight line party vote on this issue 188 to
234.)
There
were two amendments that could have been
contentious as we got past nutrition but were
withdrawn by the authors. One was the move
to drastically reduce the so called "target"
prices in the Price Loss Coverage program- the
other was to mandate conservation compliance for
buyers of crop insurance. The second of these
withdrawn amendments- the one on crop insurance
and the tying of a conservation plan to one buying
crop insurance is already in the Senate bill so a
full discussion of that is still to come. The
first of these amendments was actually something
pushed hard by corn and soybean folks who don't
like the PLC- their reaction can be read by clicking here. (not pleased)
The
debate that really got our attention came a little
after nine pm central time last night- the
Ron Kind Amendment that would
make multiple changes in crop insurance by making
sure anyone that farms more than just a couple of
hundred of acres would be paying more for crop
insurance. The Rules Committee description
of the measure was "Limits premium
subsidies to those producers with an AGI under
$250,000 and limits per person
premium subsidies to $50,000 and caps crop
insurance providers' reimbursement of
administrative and operating at $900 million and
reduces their rate of return to 12%.
Introduces transparency into the crop insurance
program."
A
really great overview of everything that happened
on Wednesday as the debate unfolded on the House
floor can be found on Keith Good's blog-
FarmPolicy. Click here for the report issued
early this morning by Keith.
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Spotlight
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Farm Report is happy to have
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The
Crop Insurance Battle- and What Lies Ahead Today
to Finish House Action
The
debate that really got our attention came a little
after nine pm central time last night- the
Ron Kind Amendment that would
make multiple changes in crop insurance by making
sure anyone that farms more than just a couple of
hundred of acres would be paying more for crop
insurance. The Rules Committee description
of the measure was "Limits premium
subsidies to those producers with an AGI under
$250,000 and limits per person
premium subsidies to $50,000 and caps crop
insurance providers' reimbursement of
administrative and operating at $900 million and
reduces their rate of return to 12%.
Introduces transparency into the crop insurance
program."
Chairman
Lucas, who had been allowing some of his
lieutenants
to handle the arguments opposing various
amendments earlier in the evening stepped back to
the podium and managed this debate- and at the end
of the conversation told the House "Let's not mess
up something that works." We have an audio
overview of the day- and the Crop Insurance battle
and the defense mounted by Lucas and his ranking
member, Collin Peterson, is
featured. Click here to take a listen.
The
Kind amendment is one of 17 that will be getting a
recorded vote this morning- probably around 8:30
AM central time. After that, consideration of five
more amendments will be made- including:
-
Reps. Pitts / Davis (IL) / Goodlatte / Blumenauer
Amendment [Sugar].
-
Reps. Goodlatte / Scott (GA) / Collins (NY) /
Moran (VA) / Duffy / Polis / Coffman / Meeks /
DeGette / Issa / Sessions / Lee (CA) Amendment
[Dairy].
-
Rep. Jeff Fortenberry Amendment [Payment
Limits].
-
Reps. Huelskamp / Goodlatte / Neugebauer /Jordan /
DeSantis / Stewart (UT) / Bentivolio Amendment
[SNAP Work Requirements].
-
Reps. Southerland / Westmoreland / Kingston /
Bentivolio / Schweikert Amendment [SNAP
Requirements].
After
these are dealt with and likely given a recorded
vote- there should still be time for a final vote
on the underlying bill- HR 1947.
Are there 218 votes to pass
it? I think we may know by
midafternoon.
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Oklahoma
Loses Long-Time Agricultural Leader, John
Hughes
The
Oklahoma Department of Agriculture, Food, and
Forestry issued the following statement on the
death of Bartlesville rancher John
Hughes:
It is with tremendous sadness
that the Oklahoma Department of Agriculture, Food,
and Forestry recognizes the passing of one of
Oklahoma's greatest agriculture producers, Mr.
John Hughes.
Mr. Hughes has been
recognized as a leader in Oklahoma agriculture
over his lifetime, contributing to his community
and the agriculture industry in a variety of ways.
Hughes was most recently inducted into the
Agriculture Hall of Fame by Governor Mary
Fallin.
"John Hughes was a legend in
Oklahoma agriculture and his contributions to our
state and the industry will continue to live on
and benefit many generations into the future,"
said Secretary of Agriculture, Jim
Reese.
Click here to read more and to
find a link to an interview I did with John Hughes
upon his induction into the Agriculture Hall of
Fame.
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NCBA,
AFBF Support Death Tax Repeal Act Introduced in
Congress
The
National Cattlemen's Beef Association and the
American Farm Bureau Federation came out in
support of the Death Tax Repeal Act of 2013,
introduced in Congress yesterday by Sen.
John Thune (R-S.D.) and Rep.
Kevin Brady (R-Texas). The
legislation seeks to abolish the estate tax, which
is one of the leading causes of the breakup of
multi-generation family farms and
ranches.
During a press conference
Wednesday on Capitol Hill, both Thune and Brady
stated it was time for the estate tax to be
repealed. As it currently stands, the estate tax
exemption level remains at $5 million ($10 million
per couple). Unfortunately, the top tax rate on
the value of the estate over the exemption level
increased from 35 to 40 percent as part of the
"fiscal cliff" negotiations which took place at
the beginning of 2013.
Steve
Foglesong, owner of Black Gold Ranch in
Astoria, Ill., and past president of NCBA, said
during remarks at the conference today that the
estate tax is a prime example of bad tax policy
and is essentially a death warrant for
small-to-medium sized family businesses. (Click here for more from the
NCBA.)
"Individuals, family
partnerships and family corporations own 98
percent of our nation's 2 million farms and
ranches," said AFBF President Bob
Stallman. "When estate taxes on an
agricultural business exceed cash and other liquid
assets, surviving family partners may be forced to
sell land, buildings or equipment needed to keep
their businesses running. This not only can
cripple a farm or ranch operation, but also hurts
the rural communities and businesses that
agriculture supports." (You can read more
from Bob Stallman by clicking here.)
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Ethanol
Industry Lobbyists Take Issue with Motorcycle
Association Lobbyists
Leaders
of two ethanol industry groups took issue with the
American Motorcycle Association's "E15 Fuel for
Thought Lobby Day." Members of the AMA met
with their representatives on Capitol Hill
yesterday.
"This
is a rally without a cause," said Bob Dinneen,
president and CEO of the Renewable Fuels
Association. "E15 is not mandated for
any vehicle and EPA has specifically prohibited
its use in motorcycles and other small
engines.
"I
guess we should be flattered that AMA would
dedicate Members of Congress' and riders' precious
time to a fuel option they cannot use and is only
available in a handful of gas stations
nationwide." (Click here to read more of Bob
Dinneen's comments.)
Tom
Buis, CEO of Growth Energy, said, "Today's
political theater is just that - the AMA knows
that motorcycle operators are not legally allowed
to use E15. So, it seems to me they are just doing
the bidding of Big Oil and other special interest
groups to prevent consumers from having a choice
when it comes to filling up at the pump.
(You can read more from Tom Buis by clicking
here.)
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TSCRA
Assists in Truck and Copper Theft Suspect Arrest
in Claremore
Authorities
have arrested a Chelsea man who they believe is
responsible for the May theft of a pickup truck
and 3,000 pounds of stranded copper stolen from a
ranch near Chelsea, Okla.
Matthew James
Fuller, 26, was apprehended Tuesday by the Rogers
County Sheriff's Office and charged with burglary
II, grand larceny and malicious destruction of
private property. He was released on a $5,000
bond.
Texas and Southwestern Cattle Raisers
Association Special Ranger John Cummings said that
the suspect allegedly broke into the victim's
barn, loaded the pickup with three 750-foot coils
of large diameter copper cable and drove off. The
wire was worth approximately
$7,000.
Authorities recovered the pickup
from Chelsea Lake June 3, and the copper wire was
recovered June 12 in brush on a property in Rogers
County. TSCRA had offered a $500 reward through
the association's Operation Cow Thief hotline for
any information leading to the arrest of a
suspect.
Click here for
more.
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This
N That- Ag in the Classroom Falls Back, Cattle on
Feed and Follow Us on Twitter
The
Ag in the Classroom Bus Tour in northwestern
Oklahoma fell back an hour yesterday, as they ate
lunch in Kenton- the only town in the state that
is on Mountain time- Dana Bessinger is along on
the trip as state Ag in the Classroom Coordinator
and offers us these observations about what we was
seen during the day- "We started day two On the
Road with Ag in the Classroom with rain. The
Panhandlers are so happy to see water puddles. We
went to No Man's Land Beef Jerky, a Made In
Oklahoma company. Their story is truly
inspirational. Next we headed up to the highest
point in Oklahoma, Black Mesa. We looked at the
cattle, buffalo grass, and heard about the
problems with little or no water and School Land
leasing. The history in the region is exciting. We
saw dinosaur tracks on the Labrier Ranch and a
rebuilt homestead on The Hoot Owl ranch. The
afternoon continued with a visit to Arthaud Farms.
Their operation is truly a family farm. Scott
Arthaud gave us a windshield tour of dry land
wheat, corn, petit millet, and canola. He
discussed the process of over stubble planting. He
talked about the importance of and processes of
saving water and soil. We also saw some irrigated
lands. Several implements were set out for
teachers to get up close and photograph. Boise
City FFA helped serve supper." These teachers are
the cream of the crop and they are getting fresh
ideas and inspiration about how to use Ag in the
Classroom.
**********
Our
next Cattle on Feed report is tomorrow- June 21st
and Rich Nelson with Allendale dropped us an email
about what they are expecting in the 2 PM central
time report-
"May
Placements are expected to be 1.0% lower than last
year. Almost any number will be smaller than last
year (May 2011 placements were a large 15.1%
larger than 2010). Feedlot margins remain
negative. Cash cattle prices averaged $125 in May
compared with April's 128 and May 2011's $121.
Cattle placed in May will be marketed from October
through January.
"Allendale
anticipates a Marketing total 2.5% lower than May
of 2012. There was no calendar adjustment made
this month.
"Total
Cattle on Feed as of June 1 will be 2.5% smaller
than last year. This would be larger than the May
1 survey which showed 3.4% fewer cattle. Market
ready cattle numbers are tight now and will
transition to adequate by late summer."
**********
We
tweeted a lot yesterday as the House Floor Farm
Bill debate unfolded- and you can go back and see
what we said and then stick around and follow our
reports as the day unfolds with more farm bill
action on the floor of the US House. Click here to jump to our tweets-
we invite you to follow us if you are a twitter
user.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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