AgDay Daily Recap -February 18, 2013

February 18, 2013 04:57 AM
 

TODAY ON AGDAY
FEBRUARY 18, 2013

PLANT CLOSING:

GOOD MORNING I'M CLINTON GRIFFITHS. ANALYSTS ARE WATCHING FOR A REBOUND IN CATTLE MARKETS THIS WEEK, WHILE QUESTIONS ABOUT SUPPLY AND DEMAND REMAIN UNANSWERED.

CROP WATCH:

MIKE HOFFMAN SAYS IT COULD BE A BUMPY WEATHER WEEK. HE JOINS US FROM THE AGDAY WEATHER LAB WITH THIS MORNING'S CROP WATCH AND OUR FIRST LOOK AT WEATHER.

TAX TIPS:

AS PEOPLE ACROSS AMERICA WORK FURIOUSLY TO FINISH LAST MINUTE TAX WORK, WE HAVE ADVICE ON HOW TO GET THE MOST ON YOUR RETURN. WE'LL BE FEATURING AGWEB'S FARM CPA PAUL NEIFFER ALL WEEK ON AGDAY. NEIFFER TOLD AGDAY THERE ARE SEVERAL PITFALLS GROWERS HAVE WHEN IT COMES TO TAXES. HE SAYS A MAJOR ONE IS PURCHASING ITEMS FARMERS DON'T NEED, JUST FOR TAX PURPOSES. THE BIGGEST, REVOLVES AROUND HOW MUCH FARMERS PAY.

CHICAGO LAND VALUES:

IN AGRIBUSINESS TODAY VALUE OF GOOD FARMLAND CONTINUES TO RISE. THIS COMES FROM THE LATEST CHICAGO FEDERAL RESERVE BANK.

ANALYSIS:

CATTLE PRICES HAVE FALLEN RECENTLY, BUT A FEW OF THE FACTORS DRIVING THIS MOVE ARE OUT OF THE NORM. AL PELL DISCUSSES WITH JIM BOWER IN TODAY'S ANALYSIS.

IN THE COUNTRY:

OLDEST IN THE WORLD...THAT'S NOT A TITLE EASY TO COME BY. BUT FOR A FAMILY IN NORTHERN INDIANA, THEIR BUSINESS HAS CLAIM THAT REPUTATION AND AFTER MORE THAN A CENTURY, THEY'VE EARNED IT. FRANK WAUGH WITH AFFILIATE WNDU HAS THE STORY FROM WINIMAC INDIANA. THE GILSINGERS SAYS TIMES HAVE CHANGED. BACK IN THE DAY, WHEN FARMERS USED TO BUY TRACTORS, THE DEALERSHIP TOOK HORSES IN TRADE. EMPLOYEES WOULD HAVE TO TEND THE LIVESTOCK UNTIL IT COULD BE SOLD.

LOCAL FOOD:

IN FOOD AND YOUR FAMILY, AS THE LOCAL MOVEMENT GROWS, IT'S CREATING NEW OPPORTNITIES FOR SMALLER, REGIONAL PRODUCERS.

FOOD WASTE FEE:

AS PORTION SIZES GROW, MANY AMERICANS DON'T CLEAN THEIR PLATES AT RESTAURANTS.
IN FACT, SOME STUDIES SAY AMERICANS WASTE 40 PERCENT OF THEIR FOOD EACH YEAR. A JAPANESE RESTAURANT IS PUTTING A STOP TO FOOD WASTE BY IMPLEMENTING A FEE. IF CUSTOMERS DON'T FINISH A SIGNATURE DISH, WHICH IS A BOWL OF RICE TOPPED WITH SALMON, A SURCHRAGE OF TWENTY FIVE DOLLARS, IS PUT ON THE BILL. THE RESTAURANT SAYS BECAUSE WORKING CONDITIONS ARE SO HARSH FOR FISHERMEN, THE MONEY IS DONATED TO THEM TO SHOW THE RESTAURANT'S APPRECIATION.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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