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Jay Wolf NCBA Board Member Nebraska Cattlemen - President

Jay Wolf NCBA Board Member Nebraska Cattlemen - President. Corn price. Feeder Calf price. Grain Farmers: after years of depressed prices, finally some significant profit opportunities. Ranchers: a record drop in calf prices since last summer.

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Jay Wolf NCBA Board Member Nebraska Cattlemen - President

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  1. Jay Wolf NCBA Board Member Nebraska Cattlemen - President

  2. Corn price Feeder Calf price

  3. Grain Farmers: after years of depressed prices, finally some significant profit opportunities

  4. Ranchers: a record drop in calf prices since last summer

  5. Cattle Feeders: a record jump in feed costs since last summer left most badly in the red. Feeders can utilize ddgs, especially if near ethanol production:Advantage to corn belt feeders over So. Plains

  6. NCBA - Ethanol Education The livestock industry needs a huge educational effort to help producers, especially small and mid sized operations, to adjust to new economies that have resulted when corn is priced as energy instead of food and feed.

  7. Livestock Research Needs related to Grain Based EthanolMaking the Ethanol Industry a WIN WIN • How can cow calf operators utilize ddgs • How to effectively store ddgs • Effect of high % ddgs diets on carcass quality and taste • How can increasing amounts of ddgs be utilized in livestock diets; limiters include sulfur, fats and phos • Help producers deal with the environmental effects of high phosphorus ddg diets • Are use of antibiotics in ethanol production an issue to feeders of ddgs? • Many, many, more

  8. Where can we get Research $ • The Federal Gov. needs to redirect some of the cellulosic research funds to ethanol issues that effect livestock producers • The states need to support our Land Grant universities research and extension missions

  9. NCBA - Renewable Fuels WHEREAS, NCBA supports our nation’s commitment to reduce dependence on foreign energy, and supports efforts to develop forms of renewable energy, and WHEREAS, this commitment is creating opportunities and challenges for our nation’s agricultural producers, and WHEREAS, past federal support of the renewable fuel industry has been necessary to encourage initial development of basic production technologies, and WHEREAS, NCBA believes in a market-based economy and there is concern among cattlemen about the influence of renewable energy policy on the availability and price of feedgrains and other feedstuffs, THEREFORE BE IT RESOLVED, NCBA supports transition to a market based approach for the production and usage of ethanol produced from livestock feedstuffs. BE IT FURTHER RESOLVED, NCBA supports the sunsetting of the existing blending tax credit (VEETC) and the ethanol import tariffs as scheduled and not allowing for renewal in their current form. BE IT FURTHER RESOLVED, NCBA supports input segmentation of the Renewable Fuel Standard (RFS) and encourages the increase of the cellulosic segment of the RFS while holding the grain based portion level. BE IT FURTHER RESOLVED, NCBA supports research and development of renewable fuels that may provide additional benefits for the livestock industry.

  10. Federal Tax Credits NCBA supports transition to a market based approach for the production and usage of ethanol produced from livestock feedstuffs. NCBA supports the sunsetting of the existing blending tax credit (VEETC) and the ethanol import tariffs as scheduled and not allowing for renewal in their current form.

  11. Source: The Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed and Livestock Sectors: A Preliminary Assessment CARD Briefing Paper 06-BP 49; Iowa State University; Elobeid, Tokgoz, Hayes, Babcock, and Hart

  12. Renewable Fuels Standard NCBA supports input segmentation of the Renewable Fuel Standard (RFS) and encourages the increase of the cellulosic segment of the RFS while holding the grain based portion level.

  13. Cellulosic ?Betting on the come

  14. U.S. Energy Secretary Samuel Bodman at the World Economic Forum in Davos, Switzerland • The U.S. “will need to have more imports of ethanol” • He does not see a 51-cent/gallon subsidy to U.S. blelnders remaining in place beyond 2010 or an import tariff of 54 cents/gallon on ethanol beyond 2009. • ”The idea is that at some point in the future all these technologies need to stand the test of the free market.” • Asked whether he would consider waiving the new ethanol mandate if price pressure made ethanol severely uneconomic, Bodman said that it would be waived only if the push toward more ethanol use failed.

  15. A synergistic relationship!

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