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Sorghum Notes | February 28, 2015

Sorghum Notes | February 28, 2015
 

SORGHUM E-Notes

February 28, 2015

 

NATIONAL SORGHUM PRODUCERS:

the voice of the sorghum industry

 

USDA Extends ARC/PLC Program Deadline

USDA is providing a one-time extension to the deadline for 2014 farm bill programs, Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). The final day to update yield history or reallocate base acres has been extended from Feb. 27 to March 31, which will also serve as the final day for producers to choose ARC or PLC coverage. If no changes are made to yield history and base acres by this date, the farm’s current base and yield will be used. There will be no 2014 payments for a farm that does not make a choice and it defaults the farm to PLC coverage through the 2018 crop year. To learn more, click here.

20th Annual Commodity Classic Breaks Record Attendance

Today wraps up the 20th Annual Commodity Classic in Phoenix, Ariz., with record breaking attendance. The National Sorghum Producers hosted a Sorghum General Session, Yield Contest Dinner, PAC Auction Event and a Board of Director Meeting also breaking record attendance numbers.

Former Secretaries of Agriculture Urge Congress to Pass TPA

A group of former U.S. Agriculture Secretaries on Friday Feb. 27 issued an open letter to Congress urging the passage of the Trade Promotion Authority (TPA). The letter talks about the importance of exports in order to benefit the American agriculture economy and boost trade. View the letter here.


Opposition to Farm Bill Budget Cuts

The National Sorghum Producers along with almost 400 organizations involved in agriculture, food, conservation and rural America wrote a letter to the House and Senate Budget committees rejecting cuts in programs that fall under the House and Senate Agriculture Committees. The letter highlighted that the 2014 Farm Bill consolidated over 100 programs and is expected to contribute to a $23 billion deficit reduction over 10 years, urging lawmakers to oppose any additional proposed cuts.

EPA Science Advisory Board Reform Act Introduced

Congressmen Frank Lucas (R-Okla.) and Congressman Collin Peterson (D-Minn.) introduced H.R. 1029, the EPA Science Advisory Board Reform Act on Tuesday, Feb.24. The bipartisan legislation is intended to ensure all science that guides EPA’s regulatory policy is objective, independent and available for public review.

New Deadline for Conservation Stewardship Program

USDA extended the deadline for a renewal option through March 31 for eligible producers and landowners with expiring Conservation Stewardship Program contracts (CSP). USDA will also extend the deadline for CSP general sign-up until March 31. Changes in the 2014 farm bill allow CSP participants with expiring contracts to renew by adopting additional conservation activities. The renewal is optional but it benefits participants because it is non-competitive.

Strong Sorghum Basis Continues

New crop sorghum basis remained strong this week, with the Cargill facility in Houston continuing to lead the way at 140 over December 2015 futures. The W.B. Johnston, Enid, Okla.; Team Marketing Alliance, Canton, Kan.; Cargill, Hutchinson, Kan.; Cargill, Salina, Kan.; AgMark, Concordia, Kan.; The DeLong Co., Edgerton, Kan.; and Archer Daniels Midland, Memphis, Tenn.; facilities were bidding +20, +15, +20, +15, +5, +10 and +50 for new crop sorghum, respectively.

New crop basis at select Texas Panhandle locations remained strong as well, with the Cargill facilities at Hart, Kerrick and Spearman each still bidding at a basis of +10 for new crop sorghum, and the W.B. Johnston facility in Waka steady at +15. Most other upper Panhandle locations continued to bid much less, -30 in most cases, for new crop. New crop sorghum basis on the northern plains remained strong as well, with Aurora Coop leading the way bidding of -5 in Aurora, Neb., and Superior, Neb. This compared to steady new crop corn bids in these locations of -45 and -35, respectively, and also steady new crop soybean bids (using September futures) of -80 and -75, respectively.

Outside the traditional Sorghum Belt, a week after announcing it will be buying sorghum in Iowa for the first time, Murphy-Brown continued to bid -45 for new crop sorghum and -40 and -62 for new crop corn and soybeans, respectively. Staying outside the traditional Sorghum Belt, the Cargill facility in Mt. Vernon, Ind., was still bidding +10 for new crop sorghum and -17 for new crop corn.

Upcoming Sorghum Events

March 13         Nebraska Grain Sorghum Association Appreciation Banquet

March 19         Nebraska Grain Sorghum Association Board Meeting

March 27         Oklahoma Sorghum Association and Commission Board Meeting, Oklahoma City, Okla.

 

For a full view of calendar events, visit the NSP website calendar.
Market News – To view this week’s Gulf export grain report, click here.

Sign Up to Receive the Sorghum Checkoff e-Newsletter

Sorghum producers can also receive monthly e-Newsletters from the United Sorghum Checkoff Program. To receive monthly news and information regarding the Sorghum Checkoff’s efforts in sorghum research, education and market development, sign up at www.SorghumCheckoff.com/contact-us. You can also follow the Sorghum Checkoff on Twitter @SorghumCheckoff.

About Sorghum Notes

Sorghum Notes is a publication of the National Sorghum Producers. NSP represents U.S. sorghum producers and serves as the voice of the sorghum industry from coast to coast through education and legislative and regulatory representation.

To learn more about NSP, visit our website at http://sorghumgrowers.com/. Write to us at National Sorghum Producers, 4201 N Interstate 27, Lubbock, TX 79403. To unsubscribe to Sorghum Notes, please reply to kellif@sorghumgrowers.com. If you have questions about the sorghum industry or the National Sorghum Producers, please do not hesitate to call NSP at 800-658-9808. You can also follow NSP on Twitter @SorghumGrowers, and you can find National Sorghum Producers on Facebook.

SORGHUM Notes is sponsored by: 
Sorghum Partners, LLC
P.O. Box 189, New Deal, TX 79350
Phone: (800) 645-7478 Fax: (806) 746-5305
Website: http://www.chromatininc.com/


Quote of the Week:

“If opportunity doesn’t knock, build a door.”
Milton Berle


Interested in Sponsorship Opportunities?
Call NSP at (800) 658-9808 to learn more.