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AgDay Daily Recap -March 8, 2013

March 8, 2013
 
 

TODAY ON AGDAY

MARCH 8, 2013

 

DROUGHT MONITOR:

GOOD MORNING I'M CLINTON GRIFFITHS. RECENT WINTER STORMS ARE BEGINNING TO IMPACT FARM FIELDS ACROSS THE COUNTRY.

CROP WATCH:

WHILE OVERALL IT'S STILL DRY IN THE NORTH AS FARMERS WAIT FOR PLANTING SEASON. IT'S WET IN THE SOUTH AS PLANTERS GET ROLLING. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

CITRUS GREENING:

TODAY, FLORIDA GROWS 65% OF THE NATIONS CITRUS. IT'S AN INDUSTRY WORTH NEARLY TWO BILLION DOLLARS. BUT THE SUNSHINE STATE'S SWEETHEART IS FIGHTING FOR SURVIVAL. A DISEASE KNOWN AS CITRUS GREENING IS KILLING TREES AND REDUCING YIELDS. AND WHILE THE INDUSTRY HAS THROWN TENS OF MILLIONS OF DOLLARS AT THE PROBLEM, A SOLUTION IS ELUSIVE. BUT AS I FOUND OUT--FOR THE FIRST TIME, HOPE IS ON THE HORIZON.

GLOBAL TRACTOR SALES:

IN MACHINERY MINUTE - TRACTOR SALES HAVE EXPLODED IN CHINA AND IT'S EXPECTED TO CONTINUE. FREEDONIA GROUP IS AN INDUSTRY MARKET RESEARCH FIRM, INCLUDING FARM EQUIPMENT.  IT EXPECTS WORLD DEMAND FOR TRACTORS TO INCREASE NEARLY 7%PER YEAR THROUGH 2016, PUSHING THE MARKET TO 122 BILLION DOLLARS. FREEDONIA ANALYSTS SAY DEMAND FOR TRACTORS IN THE ASIA/PACIFIC REGION WILL BE MORE THAN TWICE ANY OTHER REGION OF THE WORLD IN 2016. CHINA - ALONE - WILL COMPRISE 31% OF THE GLOBAL TOTAL.

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