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Landowners face 2014 Farm Bill decisions

Landowners need to be involved in 2014 Farm Bill decisions for their farm. In fact, two of the three farm bill decisions required must be made by landowners, rather than tenants.

By Feb. 27, 2015, landowners must make key decisions about updating payment yields and reallocation base acres. Current producers must choose between the price loss coverage (PLC) and agricultural risk coverage (ARC) programs by March 31, 2015.

Landowners should be involved in all three decisions, though, since these choices can affect land values and future rental rates.

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Low gas prices could boost meat demand

The latest jobs report for the United States shows 321,000 new jobs in November. Gas prices also continue to drop across the nation. Those two non-agricultural trends should spell good news on the demand front for beef and pork.

Combined with low corn prices, the outlook for cattle producers should continue to be strong in 2015, according to University of Missouri market analyst Ron Plain.

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MFBF applauds tax extender legislation passage in Senate; urges prompt action by President

The Montana Farm Bureau Federation (MFBF) is giving kudos to the Senate for passing HR 5771, the tax extender bill. The bill awaits being signed into law by President Obama. Passage of the bill means farmers and ranchers will have tax laws that will let them reinvest in their businesses. The state’s largest agricultural organization especially thanks Montana Senators Jon Tester and John Walsh for “yea” vote on the bill.

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MSU Extension will hold Farm Bill meetings in 20 Montana communities

BOZEMAN – Montana State University Extension, in partnership with the U.S. Department of Agriculture’s Farm Service Agency, will hold meetings in January to inform Montana producers about important new programs authorized by the Agricultural Act of 2014.

The meetings will offer a more in-depth presentation on the FSA’s Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, 2015 program changes to the Livestock Indemnity Program (LIP) and the Non-Insured Crop Disaster Assistance Program (NAP) Buy-Up option. MSU Extension will present an analysis of Farm Bill, programs and an explanation of several Farm Bill Decision Tools available to producers in understanding options under ARC, PLC, and NAP-Buy-Up.  

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Group appreciates CME's emergency action that unlocked stalled feeder cattle futures market; will seek investigation

Press Release from R-CALF:

Billings, Mont. - Yesterday the Chicago Mercantile Exchange Inc., (CME) took emergency action to unlock the stalled feeder cattle futures market that had been locked the limit down for an unprecedented five consecutive days. In response to the lockdown, cash feeder cattle prices fell approximately $15 per hundredweight, or about $120 per head for an 800 lb. steer, in just two weeks. 

According to Bob Mack, R-CALF USA's representative on the Commodity Futures Trading Commission (CFTC) Advisory Committee, the lockdown may have been caused by panic selling.

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