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AgDay Daily Recap -September 25, 2013

September 25, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 25, 2013

 

SMITHFIELD:

THE WORLD'S LARGEST PORK PRODUCER AND PROCESSOR HAS SECURED THE FINAL STEPS IN A DEAL THAT WILL GIVE A CHINESE PORK PROCESSOR CONTROL OF THE COMPANY. AND THAT'S OUR TOP STORY ON AGDAY.

CORN PRICES:

FOR THE LAST FIVE YEARS FARMERS HAVE ENJOYED HISTORICALLY HIGH CORN AND SOYBEAN PRICES AND THAT BULL MARKET HAS PUSHED LAND VALUES TO RECORD HIGH LEVELS THROUGHOUT THE CORN BELT. HOWEVER, 2013 COULD BE A RUDE AWAKENING WITH USDA PROJECTING A RECORD LARGE CORN CROP AND MUCH LOWER PRICES. WHAT WILL THAT MEAN FOR NET FARM INCOME IN STATES LIKE NEBRASKA AND WILL IT FINALLY BUST THE LAND BUBBLE? AGDAY REGIONAL REPORTER MICHELLE ROOK HAS SOME ANSWERS.

CROP WATCH:

AS FAR AS CROPWATCH - A FARMER FROM SARGENT COUNTY, NORTH DAKOTA POSTED ON AGWEB THAT HIS EARLY SOYBEAN YIELDS ARE DISAPPOINTING WHICH ISN'T REALLY A SURPRISE. MOSTLY IN THE UPPER TEENS. HE SAYS CORN IS BREAKING DOWN QUICKLY, SO THEY WILL BE HARVESTING EARLIER THAN WE LIKE TO MINIMIZE LOSSES. AS CRANBERRY HARVEST GETS UNDERWAY, OCEAN SPRAY IS EXPECTING HARVEST WILL BE ABOUT 11 MILLION BARRELS WORLDWIDE. THAT'S EVEN WITH LAST YEARS PRODUCTION LEVELS.
OCEAN SPRAY IS A FARMERS CO-OP BASED IN MASSACHUSETTS WHICH RANKS NUMBER TWO IN PRODUCTION. THE TOP PRODUCER IS WISCONSIN WITH ABOUT 60-PERCENT OF THE CRANBERRY CROP.

FIRE RATING SCALE:

YOU'RE PROBABLY FAMILIAR WITH THE RATING SCALES FOR HURRICANES AND TORNADOES. PART OF THAT ASSESSMENT IS BASED ON DAMAGE POTENTIAL. NOW THE NATIONAL INSTITUTE FOR STANDARDS AND TECHNOLOGY IS DEVELOPING A SIMILAR SCALE FOR WILDFIRES. MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER-CENTER. MIKE, THIS SEEMS LIKE IT COULD BE AN IMPORTANT TOOL FOR FORECASTERS?

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