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AgDay Daily Recap -February 14, 2013

February 14, 2013
 
 

TODAY ON AGDAY
FEBRUARY 14, 2013

STATE OF THE UNION:

GOOD MORNING I'M CLINTON GRIFFITHS. DISCUSIONS ARE HEATING UP AFTER THE PRESIDENT'S STATE OF THE UNION ADDRESS TUESDAY. MANY PROPOSED POLICIES COULD DIRECTLY IMPACT THE FUTURE OF AGRICULTURE.

INFRASTRUCTURE:

IN HIS ADDRESS THE PRESIDENT ALSO TALKED INFRASTRUCUTRE, MAINLY FOCUSING ON ROADS AND BRIDGES. FUNDING FOR ALL INFRASTRUCTURE PROJECTS HAVE BEEN DEBATED FOR YEARS. FORMER AG SECRETARY CLAYTON YEUTTER SAYS THE ISSUE IS INFRASTRUCTURE FUNDING-- WHICH IS ALLOCATED ON AN ANNUAL BASIS.

IMMIGRATION REFORM:

PRESIDENT BARACK OBAMA USED HIS STATE OF THE UNION ADDRESS TO RENEW HIS COMMITMENT TO PROVIDING A PATHWAY TO CITIZENSHIP FOR THE NATION'S ESTIMATED 11 MILLION ILLEGAL IMMIGRANTS.

NATIONAL CATTLEMANS BEED ASSOCIATION RESPONSE:

AG SECRETARY TOM VILSACK DID ATTEND THE STATE OF THE UNION THIS YEAR. HOWEVER, HIS COMMENTS ON FURLOUGHING SOME 6-THOUSAND MEAT INSPECTORS DUE TO SEQUESTRATION, IS GETTING ATTENTION. THE NATIONAL CATTLEMAN'S BEEF ASSOCIATION ISSUED A STATEMENT WEDNESDAY. PRESIDENT SCOTT GEORGE SAID "SECRETARY VILSACK IS USING AMERICA'S CATTLEMEN AND WOMEN AS PAWNS IN THE AGENCY'S POLITICAL WRANGLING WITH CONGRESS." ADDING THAT UNDER THE FEDERAL MEAT INSPECTION ACT, USDA HAS A LEGAL DUTY TO PROVIDE INSPECTION OF MEAT, POULTRY AND EGGS.  HE SAYS VILSACK'S REMARKS ARE ALREADY COSTING CATTLE PRODUCERS MONEY, CAUSING THE FUTURES MARKET TO SLIDE LOWER.

LAND PRICES:

THE ST. LOUIS FEDERAL RESERVE BANK OR DISTRICT EIGHT RELEASED IT'S LATEST AG SURVEY. IT'S MADE UP STATES IN THE MIDWEST AND MIDSOUTH-FROM ARKANSAS, ILLINOIS TO INDIANA--MISSISSIPPI, KENTUCKY, MISSOURI AND TENNESSE. IT FOUND THAT CROP INSURANCE HELPED PROTECT FARM INCOMES FROM THE 2012 DROUGHT. BANKS EXPECT FARM INCOMES TO REMAIN STEADY IN 2013. FARMLAND VALUES ARE EXPECTED TO KEEP RISING. PRICES RANGE FROM 25-HUNDRED AN ACRE IN THE SOUTH TO 63-HUNDRED NEAR ST LOUIS.

CROP WATCH:

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