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AgDay Daily Recap -February 5, 2013

February 5, 2013
 
 

TODAY ON AGDAY
FEBRUARY 5, 2013

LAND PRICES:

GOOD MORNING I'M CLINTON GRIFFITHS. EVEN IN THE PARCHED PLAINS OF TEXAS, QUALITY FARMLAND IS FETCHING TOP DOLLAR.

WATER ISSUES:

WATER WORRIES CONTINUE TO BE A MAJOR ISSUE IN THE SOUTHERN PLANES. IN TEXAS, WHERE ECONOMIC AND POPULATION GROWTH ARE RAPIDLY EXPANDING, WATER ISSUES ARE POPPING UP ALL OVER THE STATE. ADD TO IT SEVERAL YEARS OF DROUGHT AND THINGS ARE GETTING HEATED. AMANDA HILL WITH THE TEXAS FARM BUREAU CAUGHT UP WITH ONE CENTRAL TEXAS FARMER IN A STRUGGLE OVER WATER RIGHTS.

CROP WATCH:

ARE YOU GETTING ANY MOISTURE IN YOUR FIELDS? OKLAHOMA FARMERS ARE TELLING US STOCK PONDS ARE PLENTY DRIVE. MIKE HOFFMAN HAS MORE IN CROPWATCH.

TOMATO TRADE:

THE U.S. AND MEXICO APPEAR TO HAVE COME TO AN AGREEMENT OVER TOMATO IMPORTS. FARMERS IN THE STATES SAY THE MEXICAN PRODUCE WAS BEING SOLD BELOW MARKET VALUE.

CALIFORNIA MILK PRICES:

IN NEWS FROM THE DAIRY INDUSTRY - CALIFORNIA DAIRY PRODUCERS WILL BE GETTING A HIGHER PRICE FOR THEIR MILK. THE STATE'S DEPARTMENT OF FOOD AND AGRICULTURE RECENTLY ANNOUNCED THE TEMPORARY PRICE HIKE IN MOST OF THE MILK-PRICE CLASSES. THE INCREASES RANGE FROM TEN-TO-30 CENTS A HUNDREDWEIGHT.THE HIKE STARTED FEBRUARY FIRST AND RUNS THRU MAY. UNLIKE THE REST OF THE COUNTRY, CALIFORNIA DOES NOT FOLLOW THE FEDERAL MARKETING ORDER WHICH SETS PRICES. BUT LIKE EVERYONE ELSE, THEY'RE FEELING THE TIGHTNESS ASSOCIATED WITH HIGH FEED COSTS. SEVERAL YEARS OF FINANCIAL PROBLEMS DEPLETED THE AVAILABLE EQUITY SOME FARMERS HAD BUILT IN THEIR OPERATIONS. WE TALKED WITH ONE CALIFORNIA DAIRYMAN AT TOP PRODUCER SEMINAR WHO SAYS FARMERS WERE EXPECTING MORE SUPPORT.

HAY PRICES:
INPUT PRICES CONTINUE TO BE A CONCERN FOR FARMERS. MATT DIERSEN, AN AG ECONOMIST AT SOUTH DAKOTA STATE UNIVERSITY SAYS HE EXPECTS HAY PRICES STAY HIGH AT LEAST UNTIL MAY. USDA PUTS HAY STOCKS AT THEIR LOWEST LEVEL SINCE 1957. THE NEXT REPORT IS DUE OUT IN MAY. DIERSEN EXPECTS ENDING STOCKS TO BE NEAR 7 MILLION TONS, USUALLY IT'S CLOSER TO 20. HE BELIEVES THE ONLY THING THAT COULD PUSH HAY PRICES DOWN IS MASSIVE HERD LIQUIDATIONS IN THE BEEF OR DAIRY INDUSTRY.

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