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AgDay Daily Recap -October 4, 2012

October 4, 2012
 
 

TODAY ON AGDAY
OCTOBER 4, 2012

WORLD DAIRY:

Good morning I’m Tyne Morgan in for Clinton Griffiths. The expired farm bill took along with it a safety net for dairy producers. But one dairy group says it was no great loss. We also talked with AG secretary Tom Vilsack at the Expo in Wisconsin. He says some elements of the dairy security act are controversial. For instance, it would penalize farmers for over-production to help stabilize the market. Vilsack says the new dairy security act recognizes the instability and volatility in the current policy.

ARKANSAS DAIRY WOES:

It's a common story - the high cost of feed, coupled with the current pricing structure, is making it difficult to stay in the business. In this report from the Arkansas Farm Bureau, Ken Moore shows us how one family is staying afloat - but it's costly.

ARK DROUGHT LOSSES:

Not only are dairy losses mounting in Arkansas, so are beef losses. And the outlook is not promising as producers struggled with the second straight year of drought.

CROP WATCH:

One other note about that Arkansas study...the researchers said 20% of the ranchers are having to haul off-farm water for their herds. Many farmers are still feeling the affects of the 2012 drought. Mike Hoffman has details in cropwatch.

CASH RENTS:

While economists at the University of Illinois project cash rents will continue to rise into next year at a more moderate rate, they say other trends have surfaced for cash rent agreements. One major trend is yearly leases, moving away from 5-year agreements. Economists say landlords of high cash rent properties are requiring tenants to provide proof of fertilizer applications. Economists also say more agreements are requiring actual yield documentation to determine payments. 

OLD CHEDDAR:

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