USFR Weekly Recap - September 21-22, 2013

September 21, 2013 03:30 AM
 

 

 

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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2093

SEPTEMBER 21-22, 2013   

 

 

 

 

 

 

 

 

 

 

 

 

JOHN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. TWO WEEKS AGO I WAS DEEPLY CONCERNED THE U-S WAS ON THE VERGE OF ANOTHER UNWISE INTERVENTION IN THE MIDEAST. I WILL LEAVE IT TO HISTORIANS TO DOCUMENT EXACTLY HOW IT HAPPENED, BUT BY SOME INCREDIBLE CHAIN OF EVENTS, WE HAVE SOMEHOW TRANSFERRED MUCH OF THIS HEADACHE TO THE RUSSIANS. WORKS FOR ME. SO MAYBE THE FARM BILL WILL GET SOME TIME IN THE SUN. NOT SO FAST. AS QUICKLY AS THE FOREIGN POLICY CRISIS MELTED AWAY, FISCAL CRISES RUSH TOWARD US. HARD-LINE POSITIONS ON THE FUNDING OF GOVERNMENT AND PAYING OUR DEBTS, AS WELL AS FOOD STAMPS COULD CREATE NEW THREATS TO THE NATION'S FUTURE. I'M NOT SURE WE CAN COUNT ON THE RUSSIANS TO BAIL US OUT THIS TIME.

PP ACRES:

FSA RELEASED ITS UPDATED CROP ACREAGE REPORT. AND IT SHOWS THERE ARE MORE UNPLANTED ACREAGE THAN ORGINALLY THOUGHT.

EYE IN THE SKY:

THIS WEEK WE START OUR "EYE IN THE SKY" SERIES.   WHILE CONDITIONS MAY LOOK GOOD FROM THE ROAD, THE BIRDS-EYE VIEW TELLS IT ALL. OVER THE NEXT MONTH, WE'LL GIVE YOU A 1,000 FOOT VIEW OF CROP CONDITIONS ACROSS MAJOR GROWING REGIONS IN THE CORN BELT.

HOFFMAN:

NOW WE HEAD OVER TO THE WEATHER CENTER WITH METEOROLOGIST MIKE HOFFMAN.
MIKE, MANY FARMERS IN THE AREA CHIP JUST SAW ARE STILL CONCERNED ABOUT AN EARLY FROST. WHAT'S YOUR OUTLOOK OVER THE NEXT FEW WEEKS?

JOHN’S WORLD:

THIS WEEK ON AGRITALK WITH MIKE ADAMS HE ASKED ME ABOUT MY CROP YIELDS. YOU CAN HEAR THE CONVERSATION ON AGRITALK.COM. WE STARTED ONE OF VERY FEW IN MY AREA HARVESTING BEANS THIS WEEK, SO IT WAS A QUESTION I HAVE HEARD A FEW TIMES. BUT I'VE STOPPED SHARING MY CROP YIELDS FOR SEVERAL REASONS. FIRST, THE CROP ISN'T ALL MINE - SOME FIELDS ARE AARON'S, SOME ARE NEIGHBORS', SO THAT'S NOT MY NUMBER TO SHARE. SECONDLY, ESPECIALLY FOR BEANS WHICH ARE DEVILISHLY HARD TO PREDICT, THIS NUMBER IS A VERY VALUABLE BIT OF INFORMATION. FOR A VERY SHORT TIME, I KNOW SOMETHING NOBODY ELSE IN THE MARKET KNOWS. AND I ACTED ON THIS KNOWLEDGE BY ADJSTING MY MARKETING PLAN. I IMAGINE AS THE SEASON WEARS ON THAT VALUE WILL DROP TO ZERO, BUT WHEN THE ELEVATOR OPERATOR PRESSES YOU FOR YIELDS, YOU CAN BE SURE THERE IS A FINANCIAL REASON WHY. INFORMATION ABOUT MY FIELKDS CAN ACTUALLY BE CONSIDERED ANOTHER CROP. THERE IS ALSO PROBLEM I HAVE EXPERIENCED FIRST-HAND - YOU DON'T KNOW HOW THAT NUMBER WILL AFFECT THOSE YOU TELL. I HAVE FRIENDS WHO ARE NERVOUS ABOUT THEIR CROP, SO MY NUMBER COULD EITHER ADD ANXIETY OR OFFER FALSE SECURITY IF IT'S NOT REPRESENTATIVE OF FIELDS AROUND ME.
ADD IN THE REALIZATION THAT IN OUR VERY COMPETIVE LAND RENTAL MARKET, I CAN INADVERTANTLY GIVE A CLUE TO WHAT I CAN BID. FINALLY, MORE OF US ARE STARTING TO BE AS UNCOMFORTABLE WITH THE QUESTION AS WE WOULD BEING ASKED OUR NET INCOME. SO WHILE I DON'T WISH TO OFFEND, MY YIELDS ARE SIMPLY MY OWN BUSINESS

2ND HALF

HEADLINES:

MEET AN OKLAHOMA TEEN WHO IS DRIVEN TO CARRY-ON THE FAMILY LEGACY. AND MONSOON RAINS IN COLORADO TRIGGER EPIC FLOODING.

JOHN’S OPEN

COMBINES ARE ROLLING AND REGARDLESS OF THE YIELD THERE IS AT LEAST SOME RELIEF FROM THE ANXIETY OF NOT KNOWING. I HAVE ALWAYS BEEN SURPRISED BY FARMER'S ABILITY TO ADJUST TO REALITY ONCE IT WAS FULLY REVEALED - BOTH GOOD AND BAD OUTCOMES. UNTIL THAT CROP IS SAFELY OUT OF THE FIELD IT'S REALLY JUST AN ARBITRARY NUMBER ON A SPREADSHEET. THIS HARVEST WILL BE LESS OF A NAIL-BITER THAN 2012, OF COURSE, BUT IT HAS BEEN A SIX MONTH HEARTACHE FOR MANY. BUT THIS IS OUR JOB, AND MANAGING THESE RISKS ARE HOW WE MAKE A LIVING. WE'LL EARN IT THIS YEAR.

NUTRITION:

MEMBERS OF THE HOUSE REPRESENTATIVES APPROVED A NUTRITION TITLE LATE THIS WEEK. IT'S BEEN DEEMED THE NUTRITION REFORM AND WORK OPPORTUNITY ACT OF 2013.
IT NARROWLY PASSED BY SEVEN VOTES. INCLUDED IN THE BILL IS 40 BILLION DOLLAR CUTS TO SNAP.

COLORADO FLOOD:

TO THE WEST, TORRENTIAL RAINFALL IN NORTH CENTRAL COLORADO LAST WEEK DEVESTATED AGRICULTURAL INFRASTRUCTURE AND CROPS.  RUSHING WATER CRASHED THROUGH BARNS AND SILOS. IT ALSO LEFT UNHARVESTED CORN AND FEED UNDERWATER.
ACCORDING TO USDA, ONLY TWO PERCENT OF THE STATE'S CORN CROP HAD BEEN HARVESTED SO FAR.  WHILE MOST PRODUCERS WERE ABLE TO MOVE LIVESTOCK TO HIGHER GROUND, IT'S FEED AVAILABILITY NOW IN QUESTION.

CHESAPEAKE BAY:

THE AMERICAN FARM BUREAU SAYS IT'S DEEPLY DISAPPOINTED WITH A COURT RULING THAT GIVES EPA MORE AUTHORITY TO CONTROL POLLUTION RUN-OFF FROM ENTERING THE CHESAPEAKE BAY. A FEDERAL DISTRICT JUDGE IN PENNSYLVANIA SAID THE E-P-A CAN MOVE FORWARD WITH ITS PLANS TO INSTITUTE A "TOTAL MAXIMUM DAILY LOAD" TO PROTECT THE EAST COAST BAY. ABOUT TWO YEARS AGO, THE AMERICAN FARM BUREAU AND PENNYLVANIA FARM BUREAU FILED SUIT AGAINST E-P-A CITING IT WOULD AFFECT FARMERS IN SIX STATES.
THE JUDGE RULED EPA IS WITHIN ITS RIGHTS UNDER THE CLEAN WATER ACT.

CANADA BEES:

CANADA'S HEALTH DEPARTMENT IS PROPOSING TIGHTER RULES FOR THE USE OF A PESTICIDE THAT IS SUSPECTED OF KILLING HONEY BEES. NEO-NICOTINE-OID IS A COMMON TREATMENT APPLIED TO CORN AND SOYBEAN SEEDS.

MICHIGAN APPLES:

THIS YEAR'S MICHIGAN APPLE CROP IS A BIN BUSTER. THE MICHIGAN APPLE COMMITTEE SAYS IT COULD BE THE STATE'S LARGEST CROP EVER, PUMPLING UP TO 900 MILLION DOLLARS INTO THE STATE'S ECONOMY.  THIS IS WELCOME NEWS FOR GROWERS AFTER LAST YEAR'S LATE SPRING FREEZE ZAPPED 90 PERCENT OF THE STATE'S CROP.  GROWERS TOLD U-S FARM REPORT FINANCIAL RECOVERY WILL BE SLOW.  BUT THEY SAY THE SIZE AND TASTE OF THIS YEAR'S CROP IS EXCEPTIONAL.

KANSAS FARM DRONE:

WE'VE SEEN THE GROWING USE OF UN-MANNED AERIAL VEHICLES - OR DRONES - NOT ONLY IN THE MILITARY BUT IN AGRICULTURE. LIKE GPS OR AUTO STEER, THIS TECHNOLOGY IS ON-COURSE AS THE NEXT "MUST HAVE" ON JUST ABOUT ANY FARM. IN THIS REPORT PROVIDED BY KANSAS STATE'S BRAD BECKMAN SAYS SOME FARMERS ARE EXCITED ABOUT THE BIRDS-EYE-VIEW POTENTIAL

NEXT WEEK:

NEXT WEEK WE'LL MEET AN ANGUS RANCHER WHO GREW-UP A CITY KID, GRADUATED FROM AN IVY LEAGUE SCHOOL, BUT DECIDED THAT RANCHING IN NEBRASKA IS HER TRUE CALLING.
THAT'S NEXT WEEK ON SPIRIT OF THE HEARTLAND.

LEGACY:

FIND OUT HOW THE LOSS OF A LOVED ONE, PRESSED AN OKLAHOMA TEENAGER INTO AN ADULT ROLE. AND SHE'S TAKING THAT LEGACY CHALLENGE HEAD-ON. WE'LL BE RIGHT BACK.

WHILE HARVEST CAN BE A HECTIC TIME, FOR SOME FARMERS IT'S ALSO A FAMILY EVENT.
FOR THE KRAY-BULL FAMILY OF HINTON, OKLAHOMA, WHEAT HARVEST THIS SUMMER TOOK-ON A DIFFERENT DYNAMIC. ONE OF THE YOUNGEST MEMBERS OF THE FAMILY ASSUMED ADDED RESPONSIBILITIES. LYNDALL STOUT FROM OKLAHOMA STATE'S SUN-UP PROGRAM TELLS US ABOUT A TEENAGER BUILDING HER LEGACY.

TRACTOR TALES:

JOHN, WE'VE GOT A 1937 FARMALL F-20 OUT OF CENTRAL KANSAS. THE PAINT SCHEME FOR THESE TRACTORS CHANGED FROM GREY TO RED OVER THE YEARS, BUT THIS COLLECTOR PAINTED HIS WHITE! AND WHILE THERE WERE MORE THAN 155 THOUSAND PRODUCED, THIS CLASSIC FARMALL REALLY STANDS OUT."

CHURCH SALUTE:

TODAY'S COUNTRY CHURCH SALUTE GOES TO TRIVOLI {TRIV'-OH-LUH} UNITED METHODIST CHURCH IN TRIVOLI, ILLINOIS. THE CONGREGATION IS CELEBRATING ITS 175TH ANNIVERSARY THIS YEAR. IT WAS FIRST ORGANIZED IN 1838 BY SAMUEL EMERY. THE CURRENT CHURCH STRUCTURE WAS BUILT IN 1910. THEY STILL USE SOME OF THE FURNITURE FROM THE ORIGINAL CHURCH BUILDING. THE MEMBERS ARE ESPECIALLY FOND OF THEIR STAINED GLASS WINDOWS. OUR THANKS TO BETH-AY HARDING FOR SHARING THE NEWS OF TRIVOLI UNITED METHODIST CHURCH. BY THE WAY, BETH-AY TOLD US SHE REBELLED WHEN HER FATHER DECLARED THE FAMILY WAS GOING TO THIS CHURCH. AND NOW - MORE THAN SIX DECADES LATER - SHE HASN'T REGRETTED ONE MOMENT THERE.

MAIL BAG:

WAYNE KAHLBAU, FROM FAIRHOPE, ALABAMA COMES UP WITH A COLORFUL OBJECTION TO MY SUPPORT FOR EFFORTS BY THE FED: "I THINK THAT YOU ARE AS CRAZY AS A SQUASHED CAT, IF YOU THINK THAT THE MONETARY POLICIES THAT OUR GOVERNMENT HAS PURSUED HAVE IN ANYWAY BEEN BENEFICIAL." WAYNE, I RESPECT YOUR DISAGREEMENT, BUTI WANT TO BEGIN MY MAKING SURE WE ARE TALKING ABOUT THE SAME POLICY. MONETARY POLICY IS ESSENTIALLY CARRIED OUT BY THE FEDERAL RERSERVE SYSTEM WHICH IS CHARGED TO CONTROL INFLATION AND HELP KEEP UNEMPLOYMENT LOW. IT IS NOT TO BE CONFUSED WITH FISCAL POLICY WHICH IS ACTIONS BY THE GOVERNMENT TO TAX AND SPEND. ON THE FLATION FRON, YOU HAVE TO ADMIT THE FED WOULD GET AN "A". CONSUMER INFLATION HAS STAYED AROUND 2% OR LESS FOR OVER 20 YEARS. ON THE UNEMPLOYMENT FRONT, OPINIONS CAN CERTAINLY VARY. WHILE DROPPING SLOWLY IT IS STILL FAR TOO HIGH.
AS CHAIRMAN BERNANKE POINTED OUT THIS WEEK, IT IS FISCAL POLICY THAT IS THE PROBLEM. WHILE THE FED IS MAKING EFFORTS TO ENCOURAGE GROWTH, GOVERNMENT AUSTERITY MEASURES, ESPECIALLY BY STATES HAVE WORKED TO DILUTE THE EFFORT.

 

 

 

As always, we want to hear from you, send comments to mailbag@usfarmreport.com or leave us a voice mail at 800-792-4329.

 

 

 

 

 

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