By: Cheryl Buck, OSU Extension Communication Manager
Garth Ruff has been selected as the new field specialist, beef cattle for Ohio State University Extension in the College of Food, Agricultural, and Environmental Sciences (CFAES) at The Ohio State University, per Jackie Kirby Wilkins, interim director of OSU Extension. This full-time appointment is effective on September 1, 2020.
“We are extremely pleased to be partnering with our CFAES Department of Animal Sciences to jointly fund this important position, which will work in tandem with our research faculty and our commodity and industry partners, as well as producers and community stakeholders to translate and apply the newest university knowledge to meet the timely and most critical issues facing the beef industry in Ohio,” said Wilkins. Continue reading
USDA’s Risk Management Agency (RMA) announced changes to the Livestock Gross Margin (LGM) insurance program for cattle and swine beginning in the 2021 crop year. Changes include adding premium subsidies to assist producers and moving premium due dates to the end of the endorsement period for cattle.
“These changes build upon RMA’s continued effort to make livestock policies more affordable and accessible for livestock producers,” RMA Administrator Martin Barbre said. “We are working to ensure that these improvements can be implemented by the July 31 sales period so producers can take advantage of these changes as soon as possible.”
Prior to this change, LGM-Cattle and Swine did not have premium subsidies. Now, subsidies have been added and are based on the deductible selected by the producer. For LGM-Cattle, the subsidy will range from 18 percent with 0 deductible up to 50 percent with a deductible of $70 or greater. For LGM-Swine, the subsidy will range from 18 percent with 0 deductible up to 50 percent with a deductible of $12 or greater. Continue reading
By David Marrison, OSU Extension, firstname.lastname@example.org
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Since the beginning of January, market prices for major commodities have fallen sharply since COVID-19 reached the United States. There have been many efforts through federal and state legislation to offset the impact of COVID-19.
Enrollment is currently being taken by the USDA Farm Service Agency (FSA) for one such program targeted to help agricultural producers. This program called the Coronavirus Food Assistance Program (CFAP) is providing financial assistance for losses experienced as a result of lost demand, short-term oversupply, and shipping pattern disruptions caused by COVID-19. Continue reading
by: Garth Ruff, OSU Extension Henry County.
COVID-19 has had profound impacts on our food and livestock production systems here in the U.S. With regards to the beef industry the impact has been felt locally and throughout the country. Locally here in Ohio, with the JBS plant in Souderton closed, and reduced packing capacity in other regional packing plants, the local cash market for fed cattle has been greatly diminished. For the past two weeks, auction markets in the state have asked cattle feeders to hold off on bringing fed cattle to market due to packing plant closures and overall lack of packer demand.
Like most of agriculture, timing is critical for the livestock production supply chain to flow as it is designed. What is the impact of holding market-ready cattle in local feedlots? Economically, cash flow concerns for small to medium size cattle feeders may arise as packing capacity remains limited. Immediate impacts for cattle feeders include increasing days on feed, selling heavier and potentially higher yield grade cattle once the market returns. Most packing plants have discount schedules of Yield Grade 4 and 5 cattle in addition to carcass weight specifications. Continue reading