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USFR Weekly Recap - March 2-3, 2013

March 2, 2013

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2064

MARCH 2-3, 2013  

 

 

OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M AL PELL IN FOR JOHN PHIPPS. ONE OF THE BIGGEST FARM CONVENTIONS OF THE SEASON IS WRAPPING-UP IN FLORIDA THIS WEEKEND. COMMODITY CLASSIC DRAWS THOUSANDS OF FARMERS AND AGRIBUSINESS LEADERS. IT'S A CHANCE TO SHARE IDEAS AND SEE THE LATEST FARM GADGETS. IT WAS ALSO A CHANCE TO ESCAPE THE GRASP OF WINTER...EVEN FOR A SHORT WHILE. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.

HEADLINES:

THANKS, AL. AND HELLO, EVERYONE. MOTHER NATURE BLASTED ACROSS THE COUNTRY THIS WEEK WITH ROUND TWO OF A WINTER STORM. MANY IN THE DROUGHT STRICKEN PLAINS WELCOMED THE WINTER BLAST. IN THE LATEST NASS REPORT PRIOR TO THIS WEEK'S MOISTURE IT SHOWED TEXAS' WHEAT CROP 37% FAIR AND 45% IN POOR TO VERY POOR CONDITION. JUST TO THE NORTH, OKLAHOMA'S WHEAT CROP ISN'T LOOKING ANY BETTER. 54% IS POOR TO VERY POOR. KANSAS' CROP IS IN A LITTLE BETTER SHAPE, WITH 22% SITTING IN GOOD CONDITION, BUT THE MAJORITY IS STILL FAIR TO POOR. WHEAT GROWERS, ALONG WITH CORN, SORGHUM AND SOYBEAN PRODUCERS ACROSS THE COUNTRY TRADED IN THE COLD FOR SUNNY WEATHER THIS WEEK. 2013 COMMODITY CLASSIC TOOK PLACE THIS WEEK IN FLORIDA. WHILE THE FARM BILL WEIGHS ON THE MINDS OF ALL FOUR COMMODITY GROUPS, IT'S FIGHTING TO KEEP CROP INSURANCE THAT SEEMS TO BE TAKING CENTER STAGE THIS YEAR. EVEN WITH THE NEGATIVE ATTENTION THE PROGRAM IS RECEIVING, AMERICAN SOYBEAN ASSOCIATION SAYS THERE ARE WAYS FEDERAL CROP INSURANCE CAN BE ENHANCED. MEANWHILE, THE ASSOCIATION OF EQUIPMENT MANUFACTURS SAYS U-S MADE AGRICULTURAL EQUIPMENT EXPORTS ARE BOOMING, UP 16% LAST YEAR. TOTAL EQUIPMENT EXPORTS CAME IN JUST UNDER 13 MILLION DOLLARS.  AFRICA IS LEADING THE WAY WITH THE MOST GROWTH.

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