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USFR Weekly Recap - January 18-19, 2014

January 18, 2014

                                                                                                                                                                                          

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2110

JANUARY 18-19, 2014   

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. IT'S THAT WONDERFUL TIME OF THE YEAR FOR ME TO SPEND TIME TRYING TO FIGURE OUT HOW I COULD POSSIBLY OWE SO MUCH INCOME TAX. I'M NOT ALONE. FARMERS ARE AMONG THE FEW WHO UNDERSTAND THAT TAXES ARE SOMETHING CITIZENS PAY - NOT SOMETHING YOU GET A REFUND FROM. IF WE EVER JOIN THE REST OF AMERICA AND HAVE TAXES WITHHELD FROM SAY GRAIN CHECKS OR MILK PAYMENTS, I DOUBT WE WOULD BE QUITE SO RELIABLY OUTRAGED.DON'T PANIC - THERE IS NO MOVE TO CHANGE THIS, BUT I THINK WE NEED TO KEEP IN MIND THAT WE ENJOY A RARE PRIVILEGE OF PAYING INCOME TAXES OFTEN LONG AFTER WE EARN THE INCOME.

HEADLINES:

AS WE HEAD INTO THE FOURTH WEEK OF JANUARY, FARMERS AND RANCHERS ARE STILL WITHOUT A FORMAL FRAMEWORK OF THE NEW FARM BILL. FSA RELEASED ITS FINAL ACREAGE NUMBERS FOR THE YEAR. IT SHOWS FARMERS PLANTED 92 POINT 1 MILLION ACRES OF CORN LAST YEAR. THAT COMPARES TO USDA'S LATEST REPORT THAT SHOWED 95 POINT 4 MILLION PLANTED ACRES.  FSA'S PREVENT PLANT NUMBER TOTALED 3 POINT 6 MILLION. AND FOR SOYBEANS, FSA SAYS PLANTED ACRES TOTALED 75 POINT 3 MILLION ACRES. USDA'S JANUARY REPORT SHOWED 76 POINT 5 MILLION. FSA SHOWS PREVENT PLANTAT 1 POINT 7 MILLION FOR SOYBEANS. A CLARIFICATION TO A STORY WE AIRED LAST WEEK REGARDING TYSON FOODS' REQUEST TO FARMERS FOR MORE HUMANE TREATMENT OF ANIMALS.

CROP WATCH:

CROP WATCH THIS WEEK COVERS THE NORTH AND THE SOUTH.

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