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AgDay Daily Recap -February 6, 2013

February 6, 2013
 
 

TODAY ON AGDAY
FEBRUARY 6, 2013

SEQUESTER:

GOOD MORNING I'M CLINTON GRIFFITHS. FIRST IT WAS THE FISCAL CLIFF, THEN THE DEBT CEILING, NOW IT'S THE PENDING SEQUESTER SPENDING CUTS GETTING WASHINGTON'S ATTENTION.

EU TRADE:

ALSO OUT OF THE WASHINGTON, FREE TRADE TALKS BETWEEN THE U.S. AND THE E.U. ARE SET TO RESUME. THE EUROPEAN UNION IS DROPPING ITS BAN ON SOME U.S. MEAT IMPORTS. IT HAD AN IMPORT BAN ON LIVE PIGS AND BEEF WASHED IN LACTIC ACID. ENDING THE BAN IS MEANT AS A GOOD FAITH GESTURE SET TO JUMP START FREE TRADE NEGOTIATIONS. THE U.S. E-U RELATIONSHIP CURRENTLY ACCOUNTS FOR A THIRD OF ALL GLOBAL TRADE.

CROP WATCH:

IT'S NOT QUITE PLANTING TIME YET, BUT MOISTURE--EITHER TOO MUCH OR TOO LITTLE IS ALREADY ON FARMER'S RADAR. MIKE HOFFMAN HAS A COUPLE EXAMPLES THIS MORNING FOR CROP WATCH.

YOUNG FARMERS:

NEW DATA JUST RELEASED BY USDA VERIFIES WHAT MOST OF US ALREADY KNOW - FEWER YOUNG PEOPLE ARE GETTING INTO FARMING. THE ECONOMIC RESEARCH SERVICE ANALYZED THE DATA COLLECTED FROM THE CENSUS OF AGRICULTURE.

NEW CROP:

WHILE THE NUMBER OF YOUNG PEOPLE GETTING INTO FARMING IS SMALLER, FOR THOSE WHO DECIDE TO TAKE THAT CAREER PATH, MANY OF THEM HAVE A HIGHER LEVEL OF EDUCATION THAN THEIR PREDECESSORS. AS WE CONTINUE OUR SPECIAL REPORT - THE NEW CROP - TYNE MORGAN TAKES US TO COLUMBUS, INDIANA. WE MEET TWO BROTHERS WITH PLENTY OF IN-THE-FIELD AND IN-THE-CLASSROOM EXPERIENCE.

MF GLOBAL:

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