AgDay Daily Recap -February 6, 2013

February 6, 2013 04:57 AM
 

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:

IN AGRIBUSINESS TODAY, FARMERS AND RANCHERS CAUGHT IN THE COLLAPSE OF MF GLOBAL MAY BE GETTING THEIR MONEY BACK.

ANALYSIS:

RECENT HEAT AND DRYNESS IN ARGENTINA HAVE TRIMMED THE SOYBEAN CROP. IN BRAZIL CONDITIONS HAVE BEEN BETTER AND A RECORD CROP IS LIKELY. HOW DOES THAT FACTOR WITH THE U-S OLD CROP SOYBEANS?   PROFARMER EDITOR CHIP FLORY TAKES A CLOSER LOOK IN THIS MORNING'S ANALYSIS.

BEER POWER:

A FAMILIAR CO-PRODUCT OF THE ETHANOL INDUSTRY IS DRY DISTILLER GRAINS WITH SOLUBLES - OR DDGS. IN THE CORNBELT WHERE GRAIN AND ETHANOL PLANTS ARE PLENTIFUL, DDGS HAVE BECOME A FEED OPTION FOR FARMERS AND RANCHERS. THERE'S AN ABUNDANT SUPPLY OF THE GRAIN BYPRODUCT. LIKE ETHANOL, BEER PRODUCTION CAN ALSO HAVE BENEFICIAL WASTE. A BEER MAKER IN ALASKA IS FINDING OUT THAT IT CAN PAY OFF. SMITH ESTIMATES THAT THE SPENT GRAIN STEAM BOILER WILL OFFSET THE COMPANY'S YEARLY ENERGY COSTS BY APPROXIMATELY 450-THOUSAND DOLLARS OR 70 PERCENT. IF THAT ESTIMATE HOLDS, THE MACHINE WILL PAY FOR ITSELF IN FOUR TO FIVE YEARS. SMITH SAYS IT WILL REDUCE THE COMPANY'S OIL CONSUMPTION BY 1.5 MILLION GALLONS OVER THE NEXT TEN YEARS. THAT'S A SUBSTANTIAL SAVINGS SINCE THE COMPANY IS CURRENTLY PAYING $3.50 A GALLON FOR OIL.

SALT INTAKE:

LOSING WEIGHT IS A DESIRE FOR MANY AMERICANS. BUT DOCTORS SAY THERE'S ONE INGREDIENT MOST OF US OVERLOOK THAT CAN SABATOGE A DIET. THAT INGREDIENT IS SALT AND AS CLARK POWELL SHOWS US, IT'S IN FOODS AND IMPACTS THE BODY IN WAYS YOU MAY NEVER EXPECT.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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