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AgDay Daily Recap -December 7, 2012

December 7, 2012
 
 

TODAY ON AGDAY
DECEMBER 7, 2012

ANIMAL ID:

GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IN ON ASSIGNMENT IN WASHINGTON D.C. LOCKING IN AN ANIMAL I-D SYSTEM WITHIN THE U-S COULD TAKE PLACE WITHIN THE NEXT MONTH. THAT'S OUR TOP STORY ON AGDAY.

FARM BILL:

MEANWHILE, AS JANUARY DRAWS CLOSER, THE ODDS OF PASSING A COMPREHENSIVE FARM BILL LOOK SLIM. CLINTON SPOKE WITH CHAIRS OF BOTH THE HOUSE AND SENATE AG COMMITTEES. CHAIRMAN FRANK LUCAS SAYS WITH DIRECT PAYMENTS EXPIRED; SOME TYPE OF SAFETY NET NEEDS TO BE PUT INTO PLACE FOR ALL PRODUCERS. LUCAS SAYS THE SENATE AG COMMITTEE IS BACKING A REVENUE CONCEPT, WHICH TAKES THE AVERAGE OF THE LAST FIVE YEARS OF COMMODITY PRICES. IF THERE'S AS MUCH AS AN 11 PERCENT DROP, A PAYMENT IS TRIGGERED. LUCAS SAYS THIS SYSTEM ISN'T BENEFICIAL FOR PRODUCERS OF NONE-CORE COMMODITIES, LIKE RICE AND PEANUTS, AND DOESN'T WORK DURING TIMES OF LONG-TERM PRICE LOSS. HE'S IN FAVOR OF GIVING PRODUCERS A CHOICE-- THE REVENUE CONCEPT OR WHAT HE CALLS PRICE PROTECTION.

CROP WATCH:

EVERYONE SEEMS TO BE TALKING ABOUT THE DROUGHT. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

FIRST RESULTS:

WHEN YOU MAKE THE BIG INVESTMENT IN SEED, YOU PROBABLY WONDER HOW YOUR CHOICE COMPARES TO OTHER FARMERS AT HARVEST TIME. AN ILLINOIS-BASED COMPANY - WITH THE ACRONYM OF "FIRST" - HELPS ANSWER SOME OF THOSE QUESTIONS.  THEY GET RESULTS FROM FIELD PLOTS FROM KANSAS TO THE EAST COAST TO GUAGE CORN AND SOYBEAN YIELD RESULTS FROM A LONG LIST OF SEED MAKERS. CLINTON TALKED WITH THE TOP NUMBER CRUNCHER ABOUT THIS YEAR.

PROFIT BRIEFING:

UNLESS WE SEE SOME SIGNIFICANT MOISTURE THIS WINTER, WE COULD SEE A BIG CHANGE IN THE CATTLE MARKETPLACE. WITHOUT GOOD GRAZING CONDITIONS, RANCHERS COULD BE FURTHER REDUCING THEIR HERDS.

AG TEACHER:

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