AgDay Daily Recap -January 15, 2014

January 15, 2014 01:57 AM
 

TODAY ON AGDAY

JANUARY 15, 2014

 

AFBF CONVENTION:

GOOD MORNING I'M CLINTON GRIFFITHS. DELEGATES FROM THE AMERICAN FARM BUREAU ARE HEADED HOME AS THE 95TH ANNUAL CONVENTION COMES TO A CLOSE. AGRICULTURE SECRETARY TOM VILSACK ALSO SPOKE TO THE CONVENTION DELEGATES ABOUT THE UN-FINISHED FARM BILL.

BUDGET BILL:

IT SOUNDS LIKE AN AGREEMENT HAS BEEN REACHED IN WASHINGTON ON AN OMNIBUS SPENDING BILL. IT WOULD FUND THE GOVERNMENT FOR THE REMAINDER OF THE FISCAL YEAR.  THE BILL PROVIDES JUST OVER 1-TRILLION DOLLARS FOR THE GOVERNMENT - INCLUDING 20.9-BILLION IN DISCRETIONARY FUNDING FOR USDA, THE FDA, THE CFTC AND THE FARM CREDIT ADMINISTRATION. AS PART OF THAT BILL-- U.S. SENATOR MIKE JOHANNS, SAYS LANGUAGE TARGETING OVER-REACH BY O-SH-A IS INCLUDED. JOHANNS SAYS HE'S TRYING TO CLARIFY A 30 PLUS YEAR-OLD PROVISION THAT PROHIBITS OSHA FROM REGULATING FARMS WITH FEWER THAN 10 EMPLOYEES. HE SAYS A 2011 MEMO FROM OSHA CLAIMED THE AGENCY COULD REGULATE CERTAIN TYPES OF GRAIN HANDLING ACTIVITY.

HORSE SLAUGHTER BILL:

ALSO INCLUDED IN THE BUDGET LANGUAGE TO EFFECTIVELY REINSTATE A FEDERAL BAN ON HORSE SLAUGHTER. IT CUTS FUNDING FOR INSPECTIONS AT A NEW MEXICO COMPANY AND OTHER PLANTS. PROFARMER WASHINGTON CONSULTANT JIM WIESEMEYER SAYS THE LEGISLATION SPECIFIES THAT NO MONEY PROVIDED BY THE BILL CAN BE USED FOR SALARIES OR EXPENSES OF PERSONNEL PERFORMING INSPECTIONS OF HORSES INTENDED FOR SLAUGHTER.

CROP WATCH:

LET'S GET OUR FIRST LOOK AT FARM COUNTRY WEATHER. FOR THAT, HERE'S MIKE HOFFMAN.

BARY WILHELMI:

IN AGRIBUSINESS...BEFORE WE GET INTO TODAY'S ANALYSIS, WE WANT TO PAUSE AND REMEMBER A GREAT FRIEND OF THE SHOW. COMMODITY MARKET ANALYST GARY WILHELMI HAS PASSED AWAY. FOR DECADES WE LOOKED FORWARD TO GARY'S WEEKLY VISITS TO THE STUDIO. HIS INSIGHTS, SHARPENED BY YEARS IN THE CHICAGO PITS, WERE ALWAYS UNIQUE, COLORFUL AND LIKE HIM...ONE OF A KIND. OUR THOUGHTS AND PRAYERS GO OUT HIS FRIENDS AND FAMILY IN THIS DIFFICULT TIME.

INSURANCE COSTS:

USDA SAYS THE COST INSURANCE PRODUCTS FOR FARMERS HAVE NEARLY DOUBLED IN THE PAST 10 YEARS. THE REPORT SAYS PART OF THE INCREASE LIES IN PREMIUMS. ACRES ALSO CLIMBED MORE THAN 30 PERCENT FROM 2002 TO 2012. AMERICAN FARMERS ARE NOW PAYING MORE THAN 4 BILLION DOLLARS A YEAR IN PREMIUMS...UP MORE THAN 3 BILLION IN THAT SAME AMOUNT OF TIME.

ANALYSIS:

NOW, SWITCHING GEARS TO A TOPIC GARY LOVED TO TALK ABOUT...THE INCREASING COMPETITION FROM SOUTH AMERICA. NATIONAL REPORTER TYNE MORGAN RETURNS TO THE AGRIBUSINESS DESK WITH MORE.

ALUMINUM TRUCK:

A POPULAR TRUCK FOUND ON MANY FARMS IS GETTING A LOT OF ATTENTION AT THE DETROIT AUTO SHOW. FORD ROLLED-OUT ITS NEW ALUMINUM F-150 PICKUP TRUCK.
SOME IN THE INDUSTRY ARE CALLING IT A GAME-CHANGER. JOHN MONE HAS DETAILS FROM DETROIT.

CHEVY TRUCK:

WHILE FORD CREATED A LOT OF BUZZ, GENERAL MOTORS IS ACTUALLY THE BIG WINNER. THE CHEVROLET SILVERADO 15-HUNDRED WON TRUCK OF THE YEAR.  THE SILVERADO WAS RE-DESIGNED FOR THE 2014 MODEL YEAR. IT LOST SOME WEIGHT AND ENGINEERS CREATED MORE FUEL-EFFICIENT ENGINES INCLUDING A V-6. GM ALSO WON CAR OF THE YEAR WITH ITS CORVETTE STINGRAY.

DIET FAT:

WE'VE ALL HEARD PEOPLE SAY, THEY WORK OUT SO THEY CAN EAT WHAT THEY WANT. A NEW STUDY IN THE JOURNAL CLINICAL NUTRITION SAYS THAT MIGHT NOT BE TRUE FOR TEENS.

FOOD MARKETING:

ANOTHER STUDY JUST TOOK A HARD LOOK AT THE COMMERCIALIZATION OF FOOD IN SCHOOLS. IT FOUND THAT MOST KIDS IN THE U.S. GO TO CLASS WHERE FOOD OR DRINK COMPANIES HAVE PARTNERSHIPS OR CONTRACTS WITH THE SCHOOL. FOR MANY ELEMENTARY KIDS ITS COUPON INCENTIVES FOR THINGS LIKE READING. AT UPPERCLASS MAN HALLS, THE CONTRACTS WERE FOR EXCLUSIVE RIGHTS TO SELL PRODUCTS ON CAMPUS. THE RESEARCHERS SAY ON ONE HAND, SCHOOLS TRY TO TEACH NUTRITION WHILE ON THE OTHER KIDS SEE MARKETING AND PROMOTIONAL MATERIAL FROM FOOD AND DRINK COMPANIES.

CAFFEINE MEMORY:

AND SPEAKING OF LEARNING...A CUP OF COFFEE MAY HELP YOUR MEMORY.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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