TODAY ON AGDAY
SEPTEMBER 21, 2012
FARM BILL NO GO:
Good morning I’m Al Pell in for Clinton Griffiths. Decisions of the 2012 Farm Bill will now left in the hands of a lame-duck Congress and that's our top story on AgDay.
While farm income appears to be holding strong, businesses linked to agriculture continue to experience pullbacks in economic activity. Those are the opinions of about 200 bank CEO's in the nation's midsection. Each month, Doctor Ernie Goss from Creighton University collects data for the Rural Main Street Index survey.
SELL THAT CORN:
It's time to put the price of corn into supply and demand perspective. Should farmers be selling their grain right off the combine this fall? We have 2 reports, including this week's Profarmer profit briefing. But first Todd Gleason talked with Darrel Good from the University of Illinois about his view on the grain stocks.
Let's get our first look at farm country weather and it shows lingering dryness is causing delays for wheat growers. Mike Hoffman has details from the AgDay weather center.
With the soybean supplies at such low levels, does it make sense to store this year’s harvest?
Or should you sell it right off the combine? In this week's profit briefing, Profarmer’s Chip Flory and Brian Grete discuss what might be the best opportunity for farmers this fall. If you're a subscriber to the Profarmer newsletter, here's what you can expect when it comes out later today. They'll have a long-term weather outlook which says drought will persist in the middle of the country. Also, the market analysts will see how China is looking to cap food price inflation. And from Washington - as we reported - it’ll take a lame-duck session to get a Farm Bill done in 2012. The Profarmer team will take a closer look.