USFR Weekly Recap - January 19-20, 2013

January 19, 2013 08:43 AM
 

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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2058

JANUARY 19-20, 2013 

 

 

 

As always, we want to hear from you, send comments to mailbag@usfarmreport.com or leave us a voice mail at 800-792-4329.

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS WE HAVE A STORY ABOUT JOB LOSS IN THE NEWS TODAY, AND WHILE THIS EVENT IS CLEARLY A RESULT OF AN ENTIRE INDUSTRY DOWNSIZING, THERE ARE MORE REASONS TO BE WORRIED ABOUT WHAT WORKING IN AMERICA IS GOING TO BE LIKE. FOR SEVERAL DECADES NATIONAL INCOME WAS SPLIT BETWEEN LABOR AND CAPITAL ABOUT ONE-THIRD, TWO-THIRDS REPECTIVELY. IN THE LAST FEW YEARS LABOR'S SHARE HAS DROPPED TO 60% AND  IT CONTINUES TO FALL.  MUCH OF THE CAUSE IS AUTOMATION, BUT MULTIPLE OTHER FACTORS HAVE ECONOMISTS WONDERING WHERE FUTURE JOBS WILL COME FROM.  CERTAINLY IT'S UNNERVING TO SEE WHAT'S HAPPENING TO FARM MACHINERY AND CALCULATE HOW MANY OPERATORS WE'LL NEED.

HEADLINES:

THANK YOU  JOHN. ONE OF THE BIGGEST BEEF PROCESSORS IN THE COUNTRY IS CUTTING THOUSANDS OF JOBS AND IT SAYS THE SHRINKING BEEF HERD IS TO BLAME.

CARGILL SAYS IT WILL IDLE ITS BEEF PROCESSING PLANT IN PLAINVIEW, TEXAS IN TWO WEEKS. AS EXPECTED U-S CROP INSURANCE INDEMNITIES FOR 2012 CROPS SET A NEW RECORD OF 11-AND-A-HALF BILLION DOLLARS. . .AND THERE ARE MORE CHECKS TO GO. THAT MARK SHATTERS THE RECORD SET IN 2011. ACCORDING TO DATA FROM THE RISK MANAGEMENT AGENCY SEVEN OF THE ELEVEN BILLION GOES TO PAY FOR LOST CORN CROPS. OUR PARTNERS AT PROFARMER NEWSLETTER SAY IT'S EXPECTED THE PAYOUT LEVELS COULD REACH 16 BILLION DOLLARS. RECORD HEAT IN AUSTRALIA IS STRESSING SUMMER CROPS. USDA SAYS DRYLAND CROPS ARE STRUGGLING AND DEVELOPMENT OF IRRIGATED CROPS ISN'T MUCH BETTER IN THE SOUTHERN REGIONS.

CROP WATCH:

CROP WATCH THIS WEEK...

ROUNDTABLE:

OUR MARKET ROUND-TABLE TAKES US TO THE SUNSHINE STATE...OUR LINE-UP INCLUDES BOB UTTERBACK, MIKE FLOREZ AND ARLAN SUDERMAN. WE HIT THE ROAD FOR THIS WEEK'S ROUND-TABLE.  FORT LAUDERDALE, FLORIDA WAS THE DESTINATION AS GROWERS GATHERED FOR AN INNOVATIONS SYMPOSIUM PUT ON BY B-A-S-F.   OUR GUESTS INCLUDE BOB UTTERBACK OF UTTERBACK MARKETING, MIKE FLOREZ OF FLOREZ TRADING AND ARLAN SUDERMAN FROM WATER STREET SOLUTIONS.

JOHN’S WORLD:

LAST WEEK DURING THE NEWS WE HAD A REPORT ABOUT THE GROWING COST OF THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM - SNAP - WHICH USED TO BE CALLED FOOD STAMPS. THE VIDEO WE USED TO ILLUSTRATE THE STORY WAS OF SHOPPERS CHECKING OUT USING SNAP CARDS.  WHILE THE VIDEO WAS ESSENTIALLY ACCURATE, THE SHOPPERS WERE ALL AFRICAN AMERICAN. DURING THE WEEK I DID SOME RESEARCH AND DISCOVERED SUCH IMAGES MAY INADVERTANTLY PERPETUATE INACCURATE STEREOTYPES. THE MOST LIKELY SNAP RECIPIENT IS NOT AN ADULT AFRICAN AMERICAN - IT IS A WHITE CHILD UNDER 18. CHILDREN RECEIVE JUST UNDER 50% OF ALL BENEFITS. WHITES ACCOUNT FOR 43%, AFRICAN AMERICANS 33%, AND HISPANICS 19%. THE GROWTH IN THE PROGRAM COST IS LARGELY DUE TO GROWTH IN THOSE ELEGIBLE - A RESULT OF RECESSION AND WAGE STAGNATION. EVEN SO THE COST COULD BE MUCH HIGHER AS ONLY ABOUT 3/4 OF THOSE WHO QUALIFY PARTICIPATE IN THE PROGRAM. ONLY 10% OF SNAP RECIPIENTS RECEIVE CASH WELFARE PAYMENTS, AND THE AVERAGE DURATION OF BENEFITS IS 9 MONTHS. BUT MOST SURPRISING TO ME WAS THAT IN THE LAST FEW YEARS RURAL USE OF SNAP HAS EXCEEDED URBAN PARTICIPATION RATES - THE PERCENTAGE OF THOSE ELIGIBLE WHO SIGN UP. THESE NUMBERS AND IMAGES MATTER BECAUSE THIS YEAR THE AG BUDGET WILL BE FIERCELY DEBATED BETWEEN AG PROGRAMS AND FOOD ASSISTANCE. WHEN FARMERS REALIZE SNAP CUTBACKS WILL IMPACT KIDS IN THEIR LOCAL SCHOOL, NOT JUST ADULTS IN A CITY, THEY MIGHT BE DECIDE TO SPLIT THOSE DOLLARS DIFFERENTLY.

2ND HALF

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. ONE OF MY MORE QUESTIONABLE METRICS FOR HOW THE ECONOMY IS GOING IS TO NOTICE WHAT THE HEADLINES ARE ABOUT. FOR THE LAST FEW YEARS, THE FRONT PAGE HAS BEEN FILLED WITH ONE DEPRESSING NUMBER OR ANOTHER REGARDING SOME FACET OF ECONOMIC ACTIVITY. BUT TODAY AT LEAST, OUR ATTENTION IS RIVETED BY A FOOTBALL PLAYER WITH A PHANTOM GIRLFRIEND AND AN ACCOMPLISHED LIAR WHO RIDES BIKES. WHILE I AM NOT SAYING HAPPY DAYS ARE HERE AGAIN, THE FACT THAT MANY AMERICANS ARE BORED WITH ECONOMIC NEWS IS AT LEAST A HINT THAT OUR PLODDING RECOVERY IS ALLOWING A FEW MORE OF US TO FOCUS ON DEEPLY UNIMPORTANT STUFF. TYNE MORGAN IS HERE WITH THE HEADLINES...

HEADLINES:

THANK YOU JOHN. WHILE WE'VE SEEN A LARGE PORTION OF THE OBAMA CABINET LEAVE DURING THIS SECOND TERM, ONE SECRETARY IS STAYING PUT. AND THAT'S AGRICULTURE CHIEF TOM VILSACK. VILSACK SAYS HE WAS ASKED BY THE PRESIDENT TO STAY-ON AND HE'S AGREED. ALSO AT THE CONVENTION, THE FARM BUREAU ANNOUNCED IT IS WORKING WITH THE SMITHSONIAN INSTITUTE IN WASHINGTON TO SHOWCASE THE INNOVATION OF AMERICAN AGRICULTURE. IT MAY BE TOO EARLY TO TELL IF CONSUMERS WILL SEE A PRICE SPIKE IN CITRUS FOLLOWING THIS WEEK'S FREEZE IN CALIFORNIA'S FRUIT BELT.

MISSOURI HOTEL:

WHEN YOU STAY AT A BED-AND-BREAKFAST INN, YOU MIGHT EXPECT FRESH FLOWERS, GOURMET CHOCOLATES AND LUXURY BEDDING WHEN YOU ARRIVE. BUT WOULD YOU EXPECT THAT SAME LEVEL HOSPITALITY AT A HOTEL THAT CATERS TO A MAJOR UNIVERSITY AND IT'S STAFFED PRIMARILY BY STUDENTS? IN THIS REPORT PROVIDED BY THE UNIVERSITY OF MISSOURI EXTENSION, KENT FADDIS TELLS US ABOUT A UNIQUE BED AND BREAKFAST THAT SERVES AS A PLACE OF LODGING AND LEARNING.

BAXTER BLACK:

AS YOU MIGHT EXPECT, BAXTER BLACK SPENDS A LOT OF TIME ON HORSES - AND WHILE HE DOESN'T MAKE A LIVING AS A HORSE WHISPERER, HE DOES HAVE SOME SOUND ADVICE TO SHARE.  HE JOINS US NOW FROM HIS ARIZONA RANCH.

TRACTOR TALES:

IN TRACTOR TALES THIS WEEK, WE HAVE A PRETTY RARE TRACTOR THAT HAS TRAVELLED TO MANY PLACES ACROSS THE COUNTRY.

CHURCH SALUTE:

TODAY'S COUNTRY CHURCH SALUTE GOES TO THE UNITED METHODIST CHURCH IN RUSSELL, NEW YORK. IT'S BEEN AROUND FOR MORE THAN 150 YEARS. A METHODIST EPISCOPAL SOCIETY WAS ORGANIZED IN 1847, BUT IT TOOK ANOTHER TEN YEARS BEFORE A CHURCH WAS BUILT. IN THE LATE 1800'S, THE CHURCH UNDERWENT A MAJOR RENOVATION - LIFTING IT FROM THE FOUNDATION AND CONSTRUCTING A BASEMENT UNDERNEATH. THE CONGREGATION ALSO ADDED MORE STAINED GLASS, NEW PEWS AND A NEW BELFRY. TODAY RUSSELL UNITED IS PART OF A SEVEN CHURCH PARISH KNOWN AS THE SEVEN STEEPLES PARISH. ONE OF THEIR BIG MINISTRY OUTREACH PROGRAMS IS THEIR FOOD PANTRY. OUR THANKS TO CHURCH MEMBER JUDY TUPPER FOR SHARING THE HISTORY OF RUSSELL UNITED METHODIST CHURCH.

MAILBAG:

TIME NOW FOR OUR SOME VIEWER FEEDBACK LOOK. THIS WEEK WE FEATURE THIS COMMENT FROM AN AVID VIEWER.

 

 

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