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USFR Weekly Recap - October 30-31, 2010

November 2, 2010

 

THIS WEEK ON U.S. FARM REPORT

EPISODE #1942

OCTOBER 30-31, 2010

JOHN’S OPEN: HELLO AND WELCOME TO U.S. FARM REPORT, I'M JOHN PHIPPS. JUST A FEW MORE DAYS, AND THE POLITICAL COMMERCIALS WILL BE OVER. WHAT HAPPENS NEXT IS A SUBJECT OF MUCH SPECULATION BUT ONE THING WE DO KNOW - ELECTIONS ARE NOW ONE OF OUR MOST VIBRANT ECONOMIC ACTIVITIES. THE SPENDING FOR THE 2010 ELECTIONS WILL TOTAL A RECORD FOUR BILLION DOLLARS. AND THAT'S FOR A MID-TERM, NON-PRESIDENTIAL ELECTION, REMEMBER. THE SOBERING IMPLICATION OF THIS SUM IS OUR POLITICAL PROCESS IS NOW A BUSINESS. WINNING ELECTIONS IS LESS ABOUT IDEAS AND MORE ABOUT DOLLARS. THE FACT PUBLIC POLICY-MAKING IS RAPIDLY BECOMING AN AUCTION MAY BE ALARMING TO SOME OF US, BUT THANKS TO OUR DEMOCRATIC SYSTEM, THIS IS THE GOVERNMENT WE CHOOSE TO HAVE. TIME NOW FOR THE HEADLINES.....HERE'S AL PELL

GRAIN STOCKS: THANK YOU JOHN. THE INTERNATIONAL GRAINS COUNCIL REVISED ITS FORECAST OF GLOBAL GRAIN SUPPLIES. THE IGC SAYS WORLD CORN STOCKS WILL SHRINK TO THEIR LOWEST IN FOUR YEARS - FAR FASTER THAN PREVIOUSLY THOUGHT. THOSE PREDICTIONS ARE BASED ON THE DETERIORATING PROSPECTS FOR CROPS IN CHINA AND THE U.S. THE GRAINS COUNCIL LOWERED TOTAL GLOBAL CORN STOCKS BY SIX MILLION METRIC TONS TO 125 MILLION METRIC TONS.

LAST YEAR IT WAS 152. LAST MONTH, USDA LOWERED THE U.S. OLD CROP CARRYOVER BY 300-MILLION BUSHELS.

DISASTER ASSISTANCE: SIGN-UP FOR DISASTER AID BEGAN THIS WEEK FOR SOUTHERN FARMERS WHO SUSTAINED CROP LOSSES FROM EXCESSIVE MOISTURE LAST YEAR. THE AG DEPARTMENT ANNOUNCED THAT MORE THAN A HALF BILLION DOLLARS IN PAYMENTS WILL BE DISTRIBUTED. ELIGIBLE COMMODITIES INCLUDE ONLY RICE, UPLAND COTTON, SOYBEANS AND SWEET POTATOES. USDA SAYS THE PAYMENTS HELP PRODUCERS NOT COVERED BY "SURE", THE PERMANENT DISASTER AID PROGRAM. WE ASKED FSA ADMINISTRATOR JONATHAN COPPES WHY THE DISASTER AID WAS NOT BROADER TO INCLUDE DROUGHT-RELATED LOSSES. MANY SOUTHERN FARMERS SAY THE "SURE" PROGRAM IS MORE BENEFICIAL TO MIDWEST FARMERS.

CALIFORNIA DAIRY MONITORING: A GROUP OF CALIFORNIA DAIRY PRODUCERS ARE POOLING THEIR RESOURCES WHEN IT COMES TO CONTROLLING COSTS FOR GROUNDWATER MONITORING. IN 2007, THE ADOPTED NEW COMPREHENSISVE WATER QUALITY REGULATIONS FOR ALL THE DAIRIES IN THE CENTRAL VALLEY, WHICH GOES FROM BAKERSFIELD TO SACRAMENTO. THEY'RE REQUIRED TO INSTALL AT THEIR OWN EXPENSE GROUNDWATER MONITORING WELLS. THIS WEEK, A COALITION OF PRODUCERS ANNOUNCED THE FORMATION OF A NON-PROFIT GROUP TO SHARE THOSE COSTS. THE ORGANIZERS SAY THEIR PLAN CALLS FOR FEWER WELLS IN MORE STRATEGIC LOCATIONS, BUT STILL MEETING THE STATE REQUIREMENTS.

MARKETING RALLY: AS HARVEST WINDS DOWN ON MANY FARMS, WE HOPE YOU'LL CONSIDER JOINING US FOR MARKETING RALLY 2011 HAPPENING THE FIRST WEEK OF DECEMBER JUST OUTSIDE CHICAGO. THIS SECOND ANNUAL EVENT WILL BRING TOGETHER SIXTEEN OF THE BEST MARKETING MINDS IN AGRICULTURE - INCLUDING MANY OF THE ANALYSTS YOU SEE RIGHT HERE ON U.S. FARM REPORT. I'LL BE THERE AS WELL, HOSTING ALONGSIDE PRO FARMER EDITOR CHIP FLORY. THE EVENT IS SET FOR DECEMBER 1ST AND 2ND AT THE PHEASANT RUN RESORT IN ST. CHARLES, ILLINOIS. FOR THE FULL AGENDA AND REGISTRATION DETAILS, HEAD ONLINE TO WWW.MARKETINGRALLY.COM

ROUND TABLE: BILL BIEDERMANN OF ALLENDALE INC., AND GREG WAGNER, INDEPENDENT COMMODITY ANALYST BASED IN THE CHICAGO METRO AREA.

JOHN’S WORLD: I WAS AFRAID OF THIS. WITH THE ASTONISHINGLY EARLY START, WEEKS OF WARM, DRY WEATHER, AND A FRANTIC PACE GOADED BY MEMORIES OF 2009, MOST FARMERS ARE DONE WITH HARVEST, FINISHED WITH TILLAGE, CLEANED UP THEIR EQUIPMENT, APPLIED THE FERTILIZER, STORED THE MACHINES, AND ARE READY FOR WINTER. ONLY IT'S THE FIRST OF NOVEMBER. WHAT WE FORGOT IS THAT ALL THOSE JOBS HAD ONE BIG BENEFIT: AN UNASSAILABLE EXCUSE. SIGHING WEARILY AND REGRETFULLY REPLYING, "WE'RE STILL IN THE FIELDS" WAS THE ULTIMATE GET-OUT-OF-JAIL-FREE CARD FOR COMMITTEE MEETINGS, SCHOOL CONFERENCES, ANNUAL PHYSICALS, AND VISITS TO THE IN-LAWS. EVEN WHEN WE WEREN'T ACTUALLY HARVESTING WE WERE RESTING UP FROM GRUELING HOURS IN AIR-CONDITIONED CABS ON LEATHER POWER-ADJUSTIBLE SEATS IN SURROUND SOUND WITH AUTOSTEER. I'M NOT SURE IF OTHERS THINK WE ARE SCYTHING THE WHEAT AND SNAPPING CORN BY HAND, BUT THE HARVEST EXCUSE WORKS EVERY TIME. NOW, IN A CRUEL TWIST OF FATE, WE FIND OURSELVES DEFENSELESS - SPUTTERING TO INVENT A REASON WHY WE SHOULDN'T FULFILL FAMILY AND SOCIAL RESPONSIBILITIES. POET THOMAS HOOD SAID IT BEST. "NO SUN - NO MOON! NO MORN - NO NOON - NO DAWN - NO DUSK - NO PROPER TIME OF DAY. NO WARMTH, NO CHEERFULNESS, NO HEALTHFUL EASE, NO COMFORTABLE FEEL IN ANY MEMBER -NO SHADE, NO SHINE, NO BUTTERFLIES, NO BEES, NO FRUITS, NO FLOWERS, NO LEAVES, NO BIRDS, NOVEMBER!" AND NOW WE CAN ADD "NO EXCUSES" TOO. LET US KNOW WHAT YOU THINK.... SEND EMAILS TO INFO@USFARMREPORT.COM OR CALL AND LEAVE US A VOICE MAIL.

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