USFR Weekly Recap - January 5-6, 2013

January 5, 2013 08:43 AM
 

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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2056

JANUARY 5-6, 2013  

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. WHAT A WEIRD NEW YEAR'S HOLIDAY. INSTEAD OF WATCHING THE BALL DROP IN TIMES SQAURE, I FOLLOWED DRAMA OF OUR POLITICAL SYSTME DROPPING THE BALL IN WASHINGTON. WHILE AGRICULTURE CERTAINLY ENDED UP WITH SOME DEEP DISAPPOINTMENTS, IT COULD HAVE BEEN MUCH, MUCH WORSE. AND AS THEY SAY, THERE IS ALWAYS TOMORROW. BUT THERE MAY BE A GROWING SUSPICION ON THE FARMS OF AMERICA THAT DEVISING INTRICATE SOLUTIONS TO TODAY'S COMPLEX ECONOMIC ISSUES IN AGRICULTURE MAY BE BEYOND THE CAPACITY OF TODAY'S POLITICS. IN FACT, WITH LAST SECOND FRANKENSTEIN LEGISLATION THE RULE, DEPENDING ON POLICY LESS MIGHT BE A BETTER STRATEGY.

HEADLINES:

THANK YOU, JOHN AND HELLO EVERYONE. AT THE LAST MINUTE, CONGRESS PASSED WHAT'S BEING CALLED THE "FISCAL CLIFF" BILL. INCLUDED IN THE LEGISLATION IS A SHORT-TERM FIX FOR FARMERS. CONGRESS MANAGED TO AVERT MAJOR TAX HIKES IN SOME AREAS AND EXTENDED THE 2008 FARM BILL. THE EXTENSION OF THE 2008 FARM BILL WILL BE IN EFFECT THROUGH SEPTEMBER 30, 2013. THIS MEANS DIRECT PAYMENTS WILL STILL EXIST. WHILE THE MAJORITY OF FARM POLICIES WILL REMAIN THIS YEAR, EXPIRED PROGRAMS, LIKE DISASTER RELIEF FUNDING, WILL NOT OCCUR THIS YEAR. NEXT HALF HOUR WE'LL FURTHER LOOK INTO HOW THIS WILL IMPACT THE DAIRY INDUSTRY AND MILK PRICES. ALSO INCLUDED IN THE LEGISLATION IS FAIRLY GOOD NEWS FOR FARMERS AND RANCHERS WHEN IT COMES TO TAX CHANGES. ONE OF THE BIGGEST CONCERNS AMONG FARMERS HAD BEEN THE POSSIBLE HIKE IN THE ESTATE TAX RATES AND LOWERED EXEMPTION LEVELS.

CROP WATCH:

CROP WATCH THIS WEEK...RECENT WINTER WEATHER MAY BE TOO LITTLE TOO LATE FOR THE WINTER WHEAT CROP.

ROUNTABLE:

IT'S TIME TO TALK MARKETS.  JOE VACLAVIK AND ANDY SHISSLER SIT DOWN WITH AL.

JOHN’S WORLD:

AFTER MULLING IT OVER FOR A FEW DAYS, I HAVE DECIDED NOT TO RESPOND TO THE CENSUS OF AGRICULTURE FORM I RECEIVED OVER THE HOLIDAYS. I ALMOST DIDN'T FIVE YEARS AGO, BUT I'VE FINALLY REACHED A TIPPING POINT. I WILL COMPLY WITH THE ONE HUNDRED DOLLAR FINE. I WILL POLITELY DEAL WITH THE PHONE CALLERS AND CENSUS ENUMERATOR WHO WILL BE SENT TO MY DOOR. AND I AM NOT CALLING ON ANYONE ELSE TO JOIN WITH ME. I HAVE DECIDED MY PARTICIPATION NOT ONLY MAKES ME A HYPOCRITE AFTER MY NUMEROUS CRITICISMS OF THE NATIONAL AGRICULTURAL STATISTICS SERVICE, BUT ALSO MAKES ME A LAZY ENABLER OF AN OSSIFIED BUREACRACY THAT HELPS TO GIVE ALL GOVERNMENT AN UNDESERVED REPUTATION FOR DELIBERATE INEFFICIENCY. I DO NOT OBJECT TO THE CENSUS, NOR HOW THE INFORMATION IS USED. THIS IS NOT LIBERTARIAN RANT ABOUT BIG GOVERNMENT INTRUDING IN MY LIFE. I SIMPLY THINK GOVERNMENT CAN IMPROVE, AND NASS APPARENTLY DOES NOT. MY BIGGEST GRIPE IS THIS: THE RESULTS WILL BE RELEASED NEXT FEBRUARY - OVER A YEAR AFTER THE INFORMATION IS GATHERED. THIS IS THE SAME AMOUNT OF TIME IT TOOK IN 2007. AND EVERY OTHER CENSUS I'VE BEEN A PART OF. IN 2013, THAT IS AN ABSURD DELAY. OFFICIALS AT NASS HAVE EXPLAINED TO ME THEIR SCHEDULE IS DICTATED BY THE ENABLING LEGISLATION. THAT SOUNDS LIKE WORKING TO CONTRACT TO ME. IN SHORT, WHEN NASS DECIDES TO DO 21ST CENTURY WORK, I'LL BE HAPPY TO SHARE MY 21ST CENTURY DATA.  NEXT WEEK, I'LL EXPLAIN WHY THIS DISREGARD FOR IMPROVEMENT COULD MAKE NASS OBSOLETE.

2ND HALF

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. IN A MOMENT, TYNE HAS NEWS ABOUT BIOFUELS SUBSIDIES THAT MAY PROVE TO BE THE SLEEPER OUTCOME IN THE MSIH-MASH OF FARM POLICY CHANGES FROM THE FISCAL CLIFF SETTLEMENT. THIS GETS REALLY COMPLICATED BUT DUE TO SCHEDULED CHANGES IN THE RENEWABLE FUELS STANDARD, THE ETHANOL INDUSTRY IS FACING BIG QUESTIONS. IN FACT, ATTENTION COULD SHIFT FROM CORN TO OILSEEDS - NOTABLY SOYBEANS - AS THE CENTER OF MARKET ATTENTION. WE'LL TRY TO WALK YOU THROUGH THE POSSIBILITIES IN UPCOMING SHOWS, BUT IN ADDITION TO WEATHER, FARM POLICY, CLIMATE CHANGE, AND TRADE, YOU CAN ADD BIOFUEL POLICY TO YOUR ATTENTION LIST. LET'S GET STARTED WITH THE HEADLINES AND TYNE MORGAN...

HEADLINES:

THANKS, JOHN. TALKS OF SKY-ROCKETING MILK PRICES HAD CONSUMERS AND LEADERS CONCERNED. THAT POSSIBILITY HAS BEEN ADVERTED BY EXTENDING THE 2008 FARM BILL. CONGRESS ALSO APPROVED SEVERAL ENERGY SUBSIDIES, LEAVING MANY SOYBEAN GROWERS PLEASED WITH THEIR DECISION. CONGRESS VOTED TO REINSTATE THE BIODIESEL TAX INCENTIVE WHICH EXPIRED OVER A YEAR AGO. THE INCENTIVE PROVIDES A DOLLAR PER GALLON CREDIT FOR THE BIODIESEL INDUSTRY. LAWMAKERS ALSO APPROVED THE ONE YEAR EXTENSION OF THE CELLULOSIC PRODUCER TAX CREDIT FOR THE ETHANOL INDUSTRY. IT'S ALSO GOOD NEWS FOR WIND ENERGY AS CONGRESS EXTENDED THE WIND ENERGY TAX CREDITS FOR PROJECTS THAT START IN 2013. LOOKING INTO THE NEW YEAR, THE U-S DEPARTMENT OF AG SAYS CONSUMERS SHOULD EXPECT FOOD PRICES TO RISE THREE OR FOUR PERCENT FROM INFLATION. USDA ECONOMIST RICKY VOLPE {VOLE-PEE} SAYS THE DROUGHT IS PARTLY TO BLAME. HE SAYS HIGHER CORN PRICES, MEANS HIGHER FEED PRICES, WHICH TRANSLATES INTO HIGHER PRICES FOR MEATS AND OTHER ANIMAL PRODUCTS. A COMPANY BEST KNOWN FOR "SPAM" IS GETTING INTO THE PEANUT BUTTER BUSINESS. HORMEL FOODS HAS AGREED TO ACQUIRE SKIPPY PEANUT BUTTER FROM UNILEVER. THE DEAL IS WORTH AN ESTIMATED 700-MILLION  DOLLARS. THE SKIPPY BRAND IS SOLD IN MORE THAN 30 COUNTRIES. IT STILL FACES SCRUTINY FROM GOVERNMENT REGULATORS. BUT ONCE APPROVED THE DEAL COULD BE WRAPPED UP EARLY THIS YEAR. IT APPEARS WEED RESISTANCE CONTINUES ON ITS NORTHERN TREK. SCIENTISTS AT KANSAS STATE UNIVERSITY SAY EVIDENCE SHOWS THERE IS NOW GLYPHOSATE RESISTANT PALMER AMARANTH IN KANSAS. EVEN THOUGH OTHER GLYPHOSATE RESISTANT WEEDS HAVE BEEN PRESENT, LIKE MARESTAIL AND WATERHEMP, THIS IS THE FIRST CONFIMED CASE OF RESISTANT PALMER AMARANTH. RECENT HOT AND DRY WEATHER CREATED TOUGH CONDITIONS FOR WEED CONTROL. MEANWHILE, THE UNIVERSITY OF MISSOURI HAS DEVELOPED AN APP TO AID IN IDENTIFYING WEEDS. MANY WEEDS CAN LOOK  VERY SIMILAR, MAKING IT HARD TO PROPERLY IDENTIFY THE PLANT. THE APP, CALLED ID WEED, COULD HELP CHANGE THAT. INCLUDED IN THE APP ARE PHOTOS AND DETAILS ON MORE THAN 400 DIFFERENT WEEDS. YOU CAN LOOK UP A WEED BY ITS COMMON OR SCIENTIFIC NAME. VERSIONS OF THE AP ARE AVAILABLE FOR NEWER IPHONES, IPADS, ANDROIDS AND THERE'S A VERSION FOR THE WEB.

PAPA C PIES:

IF YOU DIDN'T GET YOUR FILL OVER THE HOLIDAYS ON SWEET TREATS, A TRIP TO TENNESSEE COULD HELP TOP YOU OFF. A BUSINESS IN THE VOLUNTEER STATE TOOK A GOOD OLD FASHION FAMILY RECIPE, AND TURNED IT INTO THEIR OWN RECIPE FOR SUCCESS. UNIVERSITY OF TENNESSEE'S CHUCK DENNEY TAKES US INTO THE KITCHEN OF PAPA C'S PIES TO SEE HOW THEY GOT THEIR START.

BAXTER BLACK:

WE'RE OFF TO BAXTER BLACK'S ARIZONA RANCH WHERE HE HAS THE TALE OF A STICKY SITUATION FOR A COLORADO RANCHER.

TRACTOR TALES:
TRACTOR TALES THIS WEEK TAKES US TO NORTHWEST WASHINGTON STATE. TODAY'S COUNTRY CHURCH SALUTE GOES TO SAINTS CORNELIUS AND CYPRIAN CATHOLIC CHURCH IN LESLIE, MICHIGAN. THE CONGREGATION IS CELEBRATING ITS 150TH JUBILEE YEAR. THE FOUNDERS WERE MADE-UP OF IRISH CATHOLICS WHO HAD RE-LOCATED FROM BOSTON, MASSACHUSETTS IN THE 1830'S. THEY CELEBRATED MASS IN LOCAL FARM HOMES. IN 1863, A WOOD FRAME CHURCH WAS BUILT, GIVING CHURCH-MEMBERS A PERMANENT HOME. THREE DECADES LATER, A LARGER CHURCH WAS BUILT, BUT IT WAS DESTROYED BY FIRE. BUT THE STRONG CONGREGATION REBUILT IN 1907 AND THAT PARISH STILL STANDS TODAY UNDER THE LEADERSHIP OF REVERAND MICHAEL PETROSKI. OUR THANKS TO EILEEN HUNTER FOR SHARING THE CHURCH HISTORY.

MAILBAG:

TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG...THIS ANGRY NOTE FROM A VIEWER L. SCHWALM.

 

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