USFR Weekly Recap - JULY 12-13, 2014

July 12, 2014 03:30 AM
 

 

 

TODAY ON USFR
JULY 12-13, 2014

HEADLINES:
U.S. FARM REPORT BROUGHT TO YOU BY THE ALL-NEW CHEVY SILVERADO…2014 NORTH AMERICAN TRUCK OF THE YEAR. TODAY ON U-S FARM REPORT...ANOTHER SUPPLY DEMAND REPORT HITS THE PLUMMETING GRAIN MARKETS CONGRESS TAKES A SKEPTICAL LOOK AT HIGH FREQUENCY TRADING AND OUR MARKET EXPERTS LOOK FOR SILVER LININGS IN THE STORM.
JOHN OPEN:
HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS THE ILLEGAL IMMIGRATION PROBLEM MAY BE GROWING INTO THE TOP ELECTION ISSUE. SOARING MURDER RATES IN CENTRAL AMERICAN HAVE TRIGGERED A WAVE CHILDREN FLEEING INTO BORDER STATES, ADDING A NEW AND TRAGIC COMPLICATION. BUT MUCH FARTHER AWAY, SHEEP PRODUCERS IN IDAHO ARE STRUGGLING WITH AN INABILITY TO FIND SHEEP HERDERS AS COURTS RULE VISA REQUIREMENTS MUST BE STRENGTHENED. JUST AS HAS OCCURRED IN OUR DAIRY INDUSTRY, THE INABILITY OF WASHINGTON TO MANAGE IMMIGATION IS RESHAPING PARTS OF AGRICULTURE. IRONICALLY, ALL THE DRAMA AT OUR SOUTHERN BORDER OBSCURES THE FACT THAT ASIANS ARE NOW OUR LARGEST SOURCE OF IMMIGRANTS.TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.
SUPPLY DEMAND REPORT:
THANKS, JOHN…GRAIN PRICES TUMBLED AFTER USDA'S JUNE 30 ACREAGE REPORT. SO, MANY FARMERS WERE HOPING TO SEE A LITTLE RELIEF IN USDA'S SUPPLY AND DEMAND REPORT JUST RELEASED FRIDAY.
CROP CONDITIONS:
MEANWHILE, THE U-S CORN CROP IS THE BEST IT'S LOOKED IN 15 YEARS.
USDA'S LATEST CROP CONDITIONS REPORT SHOWS THREE-QUARTERS OF THE CROP IS CONSIDERED GOOD TO EXCELLENT. THE SOYBEAN CROP ISN'T FAR BEHIND. 72 PERCENT OF THAT CROP IS IN THE TOP TWO CATEGORIES AT THIS TIME.
TRADERS EXPECT THESE GOOD CONDITIONS TO STICK AROUND, FORCING COMMODITY PRICES TO FALL FURTHER. AND MANY THINK FAVORABLE TEMPERATURES THIS PAST WEEK ACROSS MUCH OF THE CORNBELT WILL ONLY HELP THE UPCOMING CROP CONDITIONS REPORT OUT MONDAY
ADM PURCHASE:
ARCHER-DANIELS-MIDLAND MADE A WILD PURCHASES THIS WEEK, DIVERSIFYING FROM ITS TRADTIONAL GRAIN PROCESSING BUSINESS.
THE COMPANY ANNOUNCED A 3 POINT 4 BILLION DOLLAR AGREEMENT HAS BEEN REACHED TO ACQUIRE SWISS-BASED WILD FLAVORS. IT'S A PRIVATELY OWNED COMPANY THAT MAKES CAPRI SUN JUICE DRINKS AND NATURAL FOOD AND DRINK FLAVORING INGREDIENTS. THE DEAL, HOWEVER, ISN'T FINAL, BUT WOULD BE ADM'S BIGGEST ACQUISITION EVER.
HIGH FREQUENCY TRADING:
THE SENATE COMMITTEE ON BANKING TOOK A CLOSER LOOK AT ELECTRONIC TRADING TUESDAY. NEBRASKA SENATOR AND FORMER AG SECRETARY MIKE JOHANNS ASKED BLUNTLY ABOUT WHETHER HIGH FREQUENCY TRADING SHOULD BE BANNED. HE GOT A RESOUNDING NO FROM A PANNEL OF FINANCIAL EXECUTIVES AND MEMBERS OF ACADEMIA.WHILE NO ONE AGREED BANNING HIGH FREQUENCY TRADES WAS THE ANSWER THERE WERE CALLS FOR REFORMING THE MARKET RULES.
KEYSTONE:
A NEBRASKA COURT CASE THIS FALL COULD PUSH FEDERAL OFFICALS TO MAKE A DECISION ON THE KEYSTONE X-L PIPELINE, BUT NOT UNTIL AFTER THE ELECTIONS. WASHINGTON POST REPORTS NEBRASKA'S HIGHEST COURT HAS SET A HEARING DATE IN SEPTEMBER TO DECIDE THE ROUTE OF THE PIPELINE ACROSS THE STATE. THIS MEANS THE COURT WILL MADE A DECISION NO EARLIER THAN OCTOBER, AND COULD PUSH A FEDERAL DECISION PAST THE UPCOMING NOVEMBER ELECTIONS.
RFS DECISION:
MEANWHILE, A LONG AWAITED FINAL DECISION ON CHANGES TO THE RENEWABLE FUELS STANDARD COULD BE COMING SOON.
AT LEAST THAT'S WHAT EPA ADMINSTRATOR GINA MCCARTHY TOLD REPORTERS THIS WEEK. EPA RELEASED THEIR PROPOSED VOLUME CHANGES TO THE R-F-S LAST NOVEMBER. THE AGNECY LAST SAID A FINAL RULING WOULD BE RELEASED IN JUNE. BUT IT'S NOW JULY AND NOTHING HAS BEEN ANNOUNCED. MCCARTHY SAYS THE HOLD-UP IS OVER OUTSPOKEN CONCERNS NOT ONLY ABOUT THE VOLUMES OF FUEL, BUT THE WAY IN WHICH EPA IS ADJUSTING THOSE LEVELS.
PTICH TO MIKE:
THOSE ARE THE HEADLINES...THE LATEST USDA REPORTS HAVE PROVED THERE ARE SOME GREAT LOOKING CROPS OUT THERE. BUT THAT'S NOT THE CASE FOR EVERYONE. METEOROLOGIST MIKE HOFFMAN HAS DETAILS.
CROP WATCH:
TYNE, IT SEEMS LIKE EVERY WEEK WE'RE SHOWING CROP DAMAGE OUT OF NEBRASKA.
TEASE ONE:
 UP NEXT ON U-S FARM REPORT, TYNE BREAKS DOWN THE LATEST USDA REPORT WITH ANGIE MAGUIRE AND PETER MEYER. THAT HAPPENS IN JUST TWO MINUTES, SO DON'T GO ANYWHERE.
JOHN’S WORLD:
 TODAY I'M GOING TO TRY TO EXPLAIN WHY I THINK THE BATTLE OVER THE EXPORT-IMPORT BANK MATTERS TO FARMERS. THIS WILL NOT BE EASY AS FEW AMERICANS HAVE HEARD OR CARE ABOUT THIS OBSCURE GOVERNMENT PROGRAM.THE EX-IM BANK, IN THEORY, ASSISTS AMERICAN MANUFACTURERS WHO ARE FACING FOREIGN SUBSIDIZED COMPETITORS BY HELPING PROSPECTIVE FOREIGN BUYERS GET LOWER INTEREST LOANS TO BUY AMERICAN PRODUCTS. IT ACTUALLY DOESN'T COST TAXPAYERS MUCH EITHER. BUT UNLESS IT IS REAUTHORIZED BY SEPTEMBER IT WILL CEASE TO EXIST AFTER 80 YEARS. AG DOESN'T USE THE EX-IM BANK MUCH, ALTHOUGH SOME LARGE COOPS LIKE COBANK DO USE EX-IM PROGRAMS FOR COMMODITIES. IN FACT, LESS THAN 2% OF ALL US EXPORTS USE EX-IM FINANCING. IT IS THE POLITICAL CHARACTERIZATION OF THIS REAUTHORIZATION VOTE THAT IS IMPORTANT I THINK. CONSERVATIVE REPUBLICANS ARE CALLING IT CRONY CAPITALISM AND COPORATE WELFARE. I THINK THEY ARE RIGHT. ODDLY THIS IS WHAT THEN SENATOR OBAMA LABELED IT AS WELL, ALTHOUGH AS PRESIDENT HE THINKS ENDING IT WOULD BE UNILATERAL DISARMAMENT IN THE EXPORT SUBSIDY WAR. REGARDLESS HOW THIS DEBATE PLAYS OUT, FARMERS SHOULD NOTE THAT MANY REPUBLICANS ARE INCREASINGLY LEERY OF SUBSIDIES TO BUSINESS. IT IS SPLITTING THE REPUBLICAN PARTY AND TESTING ITS TRADITIONAL LINKS TO BIG BUSINESS. THIS COULD VERY WELL SPILL OVER TO THE NEXT FARM SPENDING DEBATE, WHICH I PREDICT WILL OCCUR LONG BEFORE THE CURRENT FARM BILL EXPIRES, THANKS TO LOW COMMODITY PRICES.
TAG & CLOSE:
COMING UP IN OUR NEXT HALF HOUR, A FARMER WHO'S USING THE LATEST TECHNOLOGY TO GIVE A BIRDS EYE VIEW OF HOW FARMERS TRULY CARE FOR THEIR LAND. STAY WITH US - THE SECOND HALF OF U-S FARM REPORT IS COMING RIGHT UP.
HEADLINES:
U.S. FARM REPORT BROUGHT TO YOU BY THE ALL-NEW CHEVY SILVERADO. 2014 NORTH AMERICAN TRUCK OF THE YEAR... TODAY ON U-S FARM REPORT...EPA HEAD GINA MCCARTHY HEADS TO THE FARM TO ANSWER FARMER QUESTIONS GMO ISSUES CONTINUE IN OREGON AND ON THE PRESIDENTIAL CAMPAIGN TRAIL AND WE TAKE A LOOK AT THE BOOMING GOAT INDUSTRY IN THE U-S.
JOHN’S OPEN:
 HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. HAVE YOU CUT THER PHONE LINE YET? IT APPEARS THAT MANY HAVE AS 40% OF AMERICANS ARE NOW CELL-PHONE ONLY. JAN AND I HAVE DEBATED IT FROM TIME TO TIME, BUT SEVERAL FACTORS MAKE IT PROBLEMATIC.
FIRST, OUR CELL COVERAGE IS VARIABLE. IN FACT, THE WORST SPOT IS MY OFFICE. WE ALSO ARE CONSTANTLY BEING SWITCHED BETWEEN TWO EQUIDISTANT TOWERS ACROSS THE STATE LINE. SO FOR THE TIME BEING WE'RE KEEPING THE LANDLINE. SINCE THERE ARE ONLY A HANDFUL OF FRIENDS AND RELATIVES WHO USE THAT NUMBER ANYMORE, WE CAN USUALLY TELL BY THE TIME OF DAY WHJO IS CALLING EVEN WITHOUT CALLER ID. BESIDES WE USE IT AS A DECOY FOR ALL THE TELEMARKETING AND POLLING CALLS. LET'S GET STARTED WITH THE HEADLINES AND TYNE...
MCCARTHY’S WATERS OF U.S.:
THANKS, JOHN…THE ENVIRONMENTAL PROTECTION AGENCY IS CLEARING THE AIR WITH PROPOSED CHANGES TO THE CLEAN WATER ACT. EP ADMINISTRATOR GINA MCCARTHY SAYS SOME OF THE ASSUMPTIONS ABOUT THE RULE ARE LUDICROUS.
OREGON GMO:
GMO LABELING IS GOING UP FOR A VOTE IN OREGON. MORE THAN 155 THOUSAND SIGNATURES HAVE BEEN CAPTURED TO GET LABELING ON THE STATE'S NOVEMBER BALLOT.  THE SECRETARY OF STATE WILL NOW COUNT AND VERIFY ALL THE SIGNATURES. ONLY 87 THOUSAND ARE NEEDED TO QUALIFY THE BALLOT MEASURE.  THE NATIONAL CONFERENCE OF STATE LEGISLATURES SAYS THERE ARE CURRENTLY 85 GMO LABELING BILLS IN 30 STATES. HALF OF THOSE INTRODUCED JUST THIS YEAR.
HILLARY CLINTON GMO:
GMO LABELING IS GOING UP FOR A VOTE IN OREGON. MORE THAN 155 THOUSAND SIGNATURES HAVE BEEN CAPTURED TO GET LABELING ON THE STATE'S NOVEMBER BALLOT. THE SECRETARY OF STATE WILL NOW COUNT AND VERIFY ALL THE SIGNATURES. ONLY 87 THOUSAND ARE NEEDED TO QUALIFY THE BALLOT MEASURE. THE NATIONAL CONFERENCE OF STATE LEGISLATURES SAYS THERE ARE CURRENTLY 85 GMO LABELING BILLS IN 30 STATES. HALF OF THOSE INTRODUCED JUST THIS YEAR.
GAS PRICES:
 THIS WILL COME AS NO SURPRISE TO ANYONE FEELING PAIN AT THE PUMP BUT SHORT-TERM RELIEF ISN'T IN SIGHT…THE ENERGY INFORMATION ADMISTRATION SHOWS HIGH SUMMER GASOLINE PRICES RISING 6 CENTS PER GALLON FROM LAST MONTH. THAT BRINGS THE AVERAGE TO 3.66 PER GALLON, UP 8 CENTS FROM LAST YEAR. IT ALSO RAISED ITS 2014 AVERAGE PRICE BY 6 CENTS TO $3.54 PER GALLON. MUCH OF THE PRICE INCREASE HAS TO DO WITH THE UNREST IN IRAQ, WHICH PUT PRESSURE ON CRUDE OIL. BUT THERE IS A GLIMMER OF HOPE-- EIA THINKS GASOLINE PRICES WILL FALL SLIGHTLY NEXT YEAR TO 3.45.
WEATHER WITH GENERIC OPEN:
WE'VE ALWAYS JUST CALLED THIS A VERY STRONG TROPH OR A VERY STRONG JET STREAM BRINING IN THE COLD AIR. SOME ARE NOW CALLING THIS THE POLAR VORTEX AGAIN. AND I CAN SUPPOSE YOU COULD IT’S ALWAYS BEEN IN THE TEXT BOOKS, BUT IT'S THE SAME THING WE'VE ALWAYS HAD. IT'S JUST, I GUESS, THE NEW AN IMPROVED TERM OR IT. BUT AS YOU CAN SEE THE TROPH REALLY DIGS IN NEXT WEEK. I THINK WE'LL SEE RECORD COLD TEMPERATURES, BOTH HIGHS AND LOWS, FOR MUCH OF THE CORNBELT AS WE HEAD THROUGH ONE OR TWO DAYS NEXT WEEK BEFORE THINGS FLATTEN OUT AGAIN. YOU CAN SEE BY NEXT WEEKEND THAT WILL BRING TEMPS BACK TO A MORE MODERATE LEVEL. BUT WE'RE TALKING VERY CHILLY NUMBERS FOR THE MIDDLE PARTS OF THE COUNTRY FOR THE MIDDLE PARTS OF NEXT WEEK. LET'S LOOK T THINGS THEN, THAT'S BECAUSE OF THIS DOUBLE BARREL COLD FRONT, THE FIRST ONE WILL HAVE SOME SHOWERS AND THUNDERSTORMS ALONG IT FROM THE EAST COAST ON MONDAY ALL THE WAY DOWN INTO PARTS OF THE SOUTHEAST. PRETTY RAINY AREA IT LOOKS LIKE ACROSS THE LOWERS GREAT LAKES, OHIO VALLEY AND THROUGH THE NORTHEAST. SECONDARY COLD FRONT BRINGS SOME COOL TO CHILLY AIR INTO THE NORTHERN PLAINS ALREADY ON MONDAY YOU CAN SEE JUST HIT AND MISS SHOWERS AND THUNDERSTORMS. AND THIS IS GOING TO BE THE CASE ALL WEEK IN THE FOUR CORNER REGION. WE HAVE THAT HEAT LOW JUST SITTING OVER SOUTHEASTERN PARTS OF CALIFORNIA AND THAT WILL JUST CONTINUE TO PUMP UP SOME PACIFIC MOISTURE AND THAT ALWAYS GIVES YOU AFTERNOON SHOWERS AND THUNDERSTORMS. AS WE HEAD TOWARD WEDNESDAY THE CHILLY AIR SLAM ALL THE WAY DOWN TO CENTRAL PORTIONS OF COUNTRY. SHOWERS AND THUNDERSTORMS PRETTY DOMINATING DOWN THERE…LINGERING LIKE SHOWERS IN THE NORTHEAST AND EASTERN SEABOARD. BUT THESE ARE CHILLY NUMBERS BY WEDNESDAY FOR THE GREAT LAKES AND OHIO VALLEY. RAINY SYSTEM SETTING UP FOR PARTS OF COLORADO INTO PARTS OF THE SOUTHERN PLAINS, AS YOU CAN SEE, WHICH COULD ADD TO SOME OF THAT MONSOONAL RAIN INTO THE SOUTHWEST AS WELL…ON FRIDAY THAT SYSTEM MOVES FARTHER TO THE EAST, SO IT LOOKS LIKE PRETTY GOOD CHANCE FOR SOME RAINS ACROSS THE SOUTHERN AND CENTRAL PORTIONS OF THE MISSISSIPPI VALLEY INTO THE SOUTHEAST. THE CHILLY AIR HAS NOW MOVED INTO THE NORTHEAST AND MID ATLANTIC STATES AS IT STARTS TO MODERATE OVER THE NORTHERN PLAINS. A FEW SHOWERS LINGERING IN THAT AREA WITH ANOTHER SYSTEM KIND OF DIVING IN. HERE ARE THE TEMPS FOR THE NEXT WEEK. I'M GOING BELOW NORMAL FOR MOST OF THE CORN BELT. ABOVE NORMAL OUT WEST AND FOR CENTRAL AN SOUTH FLORIDA PRECIP NEXT WEEK ALMOST TAKES US TO THE END OF JULY, ABOVE NORMAL GREAT LAKE PARTS OF NORTHERN PLAINS AND ALSO THE SOUTHEAST. BELOW NORMAL EASTERN TEXAS,  AND WESTERN PORTIONS OF THE COUNTRY. AS FAR AS THE 30 DAY OUTLOOK AS FAR AS TEMPS ARE CONCERNED. WE'LL CONTINUE BELOW NORMAL FROM COLORADO NORTHWARD AN EASTWARD ALL THE WAY TO THE GREAT LAKES. ABOVE NORMAL FOR FAR EAST COAST AND ALSO GULF COAST AND ABOVE NORMAL FOR PACIFIC NORTHWEST…PRECIPITATION OVER THE NEXT 30 DAYS, AND THIS IS ALWAYS A THOUGH CALL WITH THUNDERSTORMS, BUT ABOVE NORMAL UP AND DOWN THE ROCKIES, NORTHERN PLAINS UP IN THE GREAT LAKES, MID ATLANTIC. BELOW NORMAL FOR A CHANCE OVER THE SOUTHERN MISSISSIPPI VALLEY AND THEN FAR OUT WEST…THE POLAR VORTEX IN JULY…IT MAKES YOU START TO THINK ABOUT EARLY FROST PATTERN COULD BE FORMING. IT'S A CONCERN. IT'S STILL THE WARM AIR IN NORTHEASTERN PORTIONS OF THE PACIFIC WARM WATER I SHOULD SAY. IT'S THE SAME TYPE OF PATTERN. COULD BE THE ONLY THING THAT HELPS CORN MARKETS THANKS, MIKE…SPIRIT OF THE HEARTLAND IS NEXT.
USFR REOPEN:
"YOU'RE WATCHING US FARM REPORT, WITH HOST JOHN PHIPPS, FARM DIRECTOR AL PELL, NATIONAL REPORTER TYNE MORGAN AND METEOROLOGIST MIKE HOFFMAN. US FARM REPORT, THE SPIRIT OF THE COUNTRYSIDE."
BUFFETT CONSERVATION:
AGRICULTURE IS A WAY OF LIFE IN RURAL NEBRASKA, AND IT'S WHERE HOWARD BUFFETT JUNIOR PUTS HIS WORDS INTO ACTION.YOU MAY RECOGNIZE THE NAME, THAT'S BECAUSE HE'S THE SON OF HOWARD SENIOR AND THE GRANDSON OF WARREN. HOWARD JUNIOR SHARES HIS FATHER'S PASSION FOR FARMING - MORE SPECIFICALLY, A PASSION FOR SUSTAINING THEIR LAND BY PRACTICING AND PREACHING THE BENEFITS OF CONSERVATION-BASED METHODS.  AND NOW HE'S A MAN ON A MISSION, WANTING OTHERS TO UNDERSTAND HOW IMPORTANT IT IS FOR FARMERS TO TAKE CARE OF THEIR MOST PRECIOUS RESOURCE-- THE LAND.
NEXT WEEK:
NEXT WEEK, FARMERS IN KANSAS COULDN'T CATCH A BREAK THIS WINTER. AND NOW, HARVEST FOR MANY IS THE LATEST EVER. SO, HOW ARE THESE AMBER WAVES OF GRAIN DOING NOW THAT HARVEST IS FINALLY HERE? WE'LL HEAD OUT WEST FOR AN ANSWER NEXT WEEK ON U-S FARM REPORT.
TEASE:
UP NEXT, IF GRAIN PRICES KEEP DROPPING, MAYBE YOU CAN SWITCH TO RAISING GOATS. WE'RE OFF TO TENNESEE TO SEE WHERE RAISING GOATS HAS BECOME A WAY OF LIFE FOR MANY.
GOAT BROWSING:
 GOATS GET A BAD RAP FROM SOME. FROM EATING EVERYTHING IN SIGHT TO TEARING THROUGH FENCES, GOATS HAVEN'T ALWAYS THE MOST POPULAR LIVESTOCK.  BUT THEIR POPULARITY IS GROWING. IN TENNESEE THE STATE RANKS SECOND IN THE NATION FOR ITS NUMBER OF GOATS. UNIVERSITY OF TENNESEE EXTENSION'S CHUCK DENNEY TAKES US TO A SCHOOL WHERE THE MAIN LESSON IS ABOUT "BROWSING." TRACTOR TALES: JOHN…  AL, I HEAR WE'RE GOING ALL ORANGE FOR THIS WEEK'S TRACTOR. AL…YOU MAY REMEMBER THIS TRACTOR FROM WHEN YOU WERE A BOY.
CHURCH SALUTE:
 TODAY'S COUNTRY CHURCH SALUTE GOES TO THE MACEDONIA BAPTIST CHURCH IN VILLANOW, GEORIA. STARTED IN 1844, THIS SMALL WHITE CHURCH IS STILL HOME TO AN ACTIVE CONGREGATION TODAY. THIS PICTURE OF A DOUBLE RAINBOW WAS TAKEN ON THEIR LAST NIGHT OF VACATION BIBLE SCHOOL, SHOWING THE VIBRANT LIFE THE CHURCH HAS THROUGH THEIR YOUNGER GENERATIONS.
OUR THANKS TO SHERRI COOLEY FOR SHARING THEIR STORY..
MAILBAG:
 TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG.... MERLE ANDERSON THINKS I AM MISSING AN OPPORTUNITY ON OUR SHOW. "IF I WAS PRODUCING U.S. FARM REPORT, I WOULD BE A CHEERLEADER AND A POSITIVE ROLE MODEL FOR MODERN AMERICAN AGRICULTURE." MERLE IS CORRECT, I AM NOT A CHEERLEADER FOR MY INDUSTRY, MOSTLY BECAUSE I HAVE NEVER SEEN IT AS A HIGHSCHOOL BALLGAME, BUT RATHER MY WAY OF EARNING A LIVING. IN MY LIFETIME, FARMING HAS RISEN FROM A WAY OF LIFE HINDERED BY ISOLATION, IGNORANCE AND HARDSHIP COMPARED TO MUCH OF THE REST OF AMERICA TO AN EMERGING PROFESSION WITH ABOVE AVERAGE INCOMES AND AN ENVIED LIFESTYLE. THIS IS A REMARKABLE ACCOMPLISHMENT OF WHICH WE ARE JUSTIFIABLY PROUD. INDEED, FARMERS NO LONGER SUFFER FROM LOW-SELF ESTEEM. RELENTLESS SELF-PROMOTION UNDER THE GUISE OF ADVOCATING FOR OUR PROFESSION IS, IN MY OPINION, BEGINNING TO ERODE OUR PUBLIC IMAGE OF ADMIRABLE CHARACTER AND HUMILITY. NO ONE ENJOYS THE COMPANY OF PEOPLE WHO INSIST THE WORLD CENTERS ON THEM. NOR WILL WE BUILD NEEDED PARTNERSHIPS EASILY TO SOLVE OUR PROBLEMS. RESPECT IS EARNED, NOT DEMANDED, AND IT IS OUR ACTIONS - HOW WE INTERACT WITH OTHERS THAT BUILD THE IMAGE OF AGRICULTURE. IF WE DO NOT RESPECT THE WORK AND IDEAS OF OTHERS, WE PROBABLY WILL NOT BE RESPECTED, NO MATTER HOW OFTEN WE REMIND THE WORLD JUST WHO WE THINK WE ARE. IN SHORT, I WILL LET OTHERS SHOUT "WE'RE NUMBER ONE!" I PREFER TO ASK, "WHAT CAN I GROW FOR YOU?"
GOODBYE:
FOR AL, TYNE, AND MIKE, I'M JOHN PHIPPS SAYING THANK YOU FOR WATCHING U-S FARM REPORT. BE SURE TO JOIN US AGAIN NEXT WEEK, WE'LL BE WORKING TO DO EVEN BETTER.
RFD PROMO:
 THIS WEEKEND ON US FARM REPORT, GRAIN FARMERS WOULD RATHER NOT LOOK AT THE MARKETS RIGHT NOW… WE'LL SEE IF THE LATEST USDA REPORT ACTUALLY HELPED OR HURT. AND EPA'S TOP OFFICIAL CLEARS THE AIR CONCERNING A CONTROVERSIAL RULE. JOIN US RIGHT HERE ON R-F-D.
 
 
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