PERSPECTIVE OKLAHOMA FARM BUREAU
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November 2, 2012
OFB Annual Meeting Highlights Speakers and breakout sessions
U.S. Senator Jim Inhofe and Oklahoma Secretary of State Glenn Coffee will address OFB members during the general sessions. John Anderson, American Farm Bureau economist, will discuss the economics of food prices, and attorney Jim McCarthy will focus on wealth transfer and business succession during the two breakout sessions Friday afternoon.
Live auction
A pair of custom boots, a 100X cowboy hat, OKC Thunder tickets, a guided hunting trip, a John Deere air compressor, Western art and other exclusive items will be featured in a live auction prior to the awards banquet Saturday evening. The proceeds of the auction will benefit the Oklahoma Farming and Ranching Foundation’s mission of promoting Oklahoma agriculture to the general public.
Awards banquet
The annual awards banquet Saturday evening will include announcement of the Farm Bureau Farm Family of the Year, Young Farmer and Rancher contest winners, the Distinguished Service to OFB award, the coveted Lewis Munn and John I. Taylor awards and Farm Bureau’s new Lifetime Legacy Award.
Vespers program
The convention wraps up Sunday morning with a vespers service featuring inspirational speaker Paul Ott, who hosts a weekly radio show called “Listen to the Eagle” and is well known for sharing sincere messages about God, country and agriculture.
Trade show
Throughout Friday and Saturday, convention participants will have the opportunity to visit OFB’s trade show on the first floor of the Cox Convention Center. The exhibits include farm ATV’s, trucks, tractors, farm supply businesses, and booth displays on health care, finances, arts and crafts.
Governor’s food drive
A unique feature of this year’s convention will include a food drive where convention attendees are invited to bring non-perishable food donations for Gov. Mary Fallin’s “Feeding Oklahoma” food drive campaign.
2012 OKLAHOMA FARM BUREAU ANNUAL MEETING - NOV. 9-11 - OKLAHOMA CITY
In This Issue • 71st Annual Meeting • State Question 766 • State resolutions committee • McCloy Fellows • Acreage reporting deadlines
Oklahoma Farm Bureau supports State Question 766 Passage of State Question 766 is vital to Oklahoma farmers and ranchers, who could end up paying new property and business taxes if the voters were to reject it. “Our state’s farmers have been hit hard in recent years with drought and the economic downturn,” said Oklahoma Farm Bureau President Mike Spradling. “The prospect of numerous new property taxes would make it difficult to recover from these difficult times.” SQ 766 exempts all intangible personal property from ad valorem taxation. The ballot measure was necessary following a 2009 state Supreme Court decision which opened the door to widespread taxation of intangible property. Examples of intangible property include brand names and logos, cooperative agreements, leases, water and land use rights, unused mineral rights, regulatory approvals and exemptions, supplier contracts and distribution rights. In response to the court’s decision, the legislature created the business activity tax, or BAT, as a temporary fix. “Farmers and ranchers, like many business owners, are concerned about the BAT because of all the paperwork it has spawned, and what it would become if SQ 766 failed,” Spradling said. “SQ 766 is a permanent fix to the court’s ruling, and it repeals the BAT.” If SQ 766 fails, farmers and ranchers could be subject to a full-fledged gross receipts tax or another onerous new tax. (See State Question 766, page 3)