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AgDay Daily Recap - October 20, 2010

October 20, 2010
 
 

TODAY ON AGDAY:
OCTOBER 20, 2010

LAND VALUES:
COULD U.S. FARMLAND BE THE NEXT ECONOMIC BUBBLE AT RISK FOR BURSTING? A LEADING BANKING REGULATOR SAYS IT'S NOT OUT OF THE QUESTION. IN A REPORT FROM REUTERS NEWS SERVICE, FDIC CHAIR SHEILA BAIR, SAID IT'S IMPORTANT TO MONITOR U-S FARMLAND VALUES FOR SIGNS OF INSTABILITY LIKE THE PRICE BUBBLES IN THE HOUSING AND STOCK MARKETS. AS WE'VE BEEN REPORTING FARMLAND VALUES REMAIN HIGH. OUTSIDE INVESTORS HAVE BEEN SNAPPING UP HIGH-QUALITY LAND IN THE MIDWEST. WHILE COMMERCIAL AND RESIDENTIAL REAL ESTATE PRICES HAVE FALLEN SHARPLY, FARMLAND VALUATIONS HAVE REMAINED STRONG DURING THE RECESSION. BUT BAIR SAID THOSE "POSITIVE FUNDAMENTALS" COULD CHANGE. BAIR SAYS THE CREDIT STRUCTURE WITH FARMLAND DOES NOT APPEAR TO INVOLVE EXCESSIVE LEVERAGE, LIKE THE HOUSING INDUSTRY DID. AGRIBUSINESS DIRECTOR AL PELL ASKED FARM JOURNAL ECONOMIST BOB UTTERBACK ABOUT HIS VIEW ON FARMLAND INVESTMENTS. AS FAR AS CASH RENTS, UTTERBACK SAYS THE UP-TICK IN CORN PRICES WILL IMPACT THOSE COSTS IN 2011. BOB WILL BE BACK IN A FEW MINUTES TO DISCUSS HIS "BEARISH" WAYS.

NATIVE AMERICAN SETTLEMENT:
A DISCRIMINATION CASE MORE THAN DECADE IN THE MAKING IS GETTING RESOLUTION. ON TUESDAY THE OBAMA ADMINISTRATION ANNOUNCED IT WOULD SETTLE A DISCRIMATION LAWSUIT FILED BY NATIVE AMERICAN FARMERS AND RANCHERS. THE CLASS ACTION SUIT SAYS NATIVE AMERICANS WERE DISCRIMINATED AGAINST FOR DECADES BY THE USDA AND ITS LOAN PROGRAMS. FIRST FILED IN 1999, OFFCIALS HAVE AGREED TO SETTLE FOR 760 MILLION DOLLARS--$680 MILLION FOR DAMAGES AND IT WOULD FORGIVE $80 MILLION DOLLARS IN OUTSTANDING FARM LOAN DEBT.

STATE BY STATE:
NOW HERE ARE SOME OTHER FARM HEADLINES, STATE BY STATE...THE FDA IS ALLOWING ONE OF TWO IOWA COMPANIES INVOLVED IN THE NATIONWIDE EGG RECALL OVER SALMONELLA TO BEGIN SHIPPING EGGS AGAIN. HILLANDALE FARMS HAS BEEN AUTHORIZED TO START SHIPPING EGGS FROM THREE OF ITS EGG PRODUCING HEN HOUSES. THE FDA SAYS THESE HOUSES HAVE UNDERGONE EXTENSIVE TESTING, AND THERE IS NO EVIDENCE OF SALMONELLA CONTAMINATION. MEANWHILE, WRIGHT COUNTY EGGS, THE OTHER COMPANY AT THE CENTER OF THE RECALL, IS STILL PROHIBITED FROM SHIPPING EGGS. IN CONNECTICUT, UNIVERSITY RESEARCHERS ARE LOOKING AT THE BENEFITS OF CANNABIS - - SPECIFICALLY INDUSTRIAL HEMP - - FOR PRODUCING BIODIESEL. CHEMICAL ENGINEERING PROFESSOR RICHARD PARNAS SAYS THE PLANT CAN GROW WELL IN IN-FERTILE SOIL. HE SAYS THAT WOULD KEEP GOOD CROPLAND RESERVED FOR FOOD PRODUCTION. INDUSTRIAL HEMP IS NOT A NEW CONCEPT. IT WAS USED UNTIL THE 1950'S IN THIS COUNTRY TO MAKE ROPE.

ASIAN CARP:
AND IN ILLINOIS, ATTORNEYS FROM FIVE GREAT LAKES STATES MADE THEIR FINAL PITCH MONDAY TO PERSUADE A FEDERAL JUDGE TO CLOSE CHICAGO-AREA SHIPPING LOCKS TO HALT THE MOVEMENT OF ASIAN CARP. THE STATES FEAR THE RAVENOUS FISH WILL DESTROY THE FISHING AND TOURISM INDUSTRIES ASSOCIATED WITH THOSE LAKES. THE STATES WANT THE ARMY CORPS OF ENGINEERS TO PERMANENTLY SEPARATE THE WATERWAYS AND LOCKS THAT CONNECT LAKE MICHIGAN TO THE MISSISSIPPI RIVER WATERSHED. ASIAN CARP IS AN INVASIVE SPECIES OF FISH THAT HAS STEADILY MOVED UP THE MISSISSIPPI AND ILLINOIS RIVERS TOWARD LAKE MICHIGAN SINCE THE 1990'S. THE FISH ESCAPED FROM COMMERCIAL U.S. FISH FARMS IN THE SOUTHEAST...AND HAVE BEEN MIGRATING NORTH. THE FISH HAVE NO KNOWN PREDATORS IN THE U.S. THEY HAVE A VORACIOUS APPETITE FOR PLANKTON AND OTHER FOOD CRITICAL TO NATIVE FISH. THE PROBLEM-CARP HAVEN'T ONLY GONE NORTH. THEY'VE ALSO TRAVELED SOUTH.  IN THIS REPORT FROM THE LSU AG-CENTER, TOBIE BLANCHARD SAYS ASIAN CARP ARE A NUISANCE...BUT FOR SOME PEOPLE THEY'RE ALSO DINNER. AS FAR AS THE COURT CASE, A RULING MAY COME DOWN IN EARLY DECEMBER.

FARMER OF THE YEAR:
THANKS MIKE, WE'LL CHECK IN WITH YOU LATER. AS MIKE MENTIONED, THE SUNBELT AG EXPO IS NOW UNDERWAY IN MOULTRIE, GEORGIA. THAT SHOW HAS BEEN AROUND FOR 32 YEARS. FOR THE PAST TWO DECADES THEY'VE NAMED A FARMER OF THE YEAR SELECTED FROM TEN STATES IN THE SOUTH EAST. THIS YEARS WINNER WAS ANNOUNCED ON TUESDAY.  CONGRATULATIONS TO ROBERT DASHER OF GLENNVILLE, GEORGIA. HE'S CONSIDERED A PIONEER IN THE VIDALIA ONION INDUSTRY. ACCORDING TO SUNBELT'S WEBSITE, DASHER FARMS IS A FAMILY PARTNERSHIP. THEY GROW 700 ACRES OF ONIONS, 1,200 ACRES OF CORN AND A THOUSAND ACRES OF SOYBEANS, THEY ALSO HAVE A 1,500 HEAD COW-CALF HERD. AS A HOBBY, MISTER DASHER RAISES A ONE-ACRE PATCH OF TOMATOES EACH YEAR. HE ENJOYS GIVING AWAY BUCKETS OF TOMATOES TO FRIENDS AND PEOPLE HE MEETS.

ANALYSIS:
BOB UTTERBACK

IN THE COUNTRY; DIVERSE FARMERS:
TODAY'S FAMILY FARM IS CHANGING. GROWERS MUST LOOK FOR WAYS TO DIVERSIFY THEIR OPERATION IN ORDER TO BE SUCCESSFUL. A UNIVERSITY OF MISSOURI EXTENSION PROGRAM HELPS FARMERS THINK CREATIVELY SO THEY CAN KEEP ENJOYING THIS WAY OF LIFE. KENT FADDIS TELLS US HOW PRODUCERS ARE "GROWING THEIR FARM"...IN THIS REPORT PROVIDED BY MIZZOU. TO LEARN MORE ABOUT CREATIVE WAYS TO DIVERSIFY YOUR FARMING OPERATION, GO TO THE MU EXTENSION'S WEBSITE AND TYPE "GROW YOUR FARM" IN THE SEARCH BAR. FOOD AND YOUR FAMILY IS NEXT.

ELDERLY VITAMIN D:
FOR THE AGING POPULATION, IT'S IMPORTANT THEY GET ENOUGH VITAMIN D TO HELP REMAIN SHARP. DETAILS IN THIS MORNING'S FOOD AND YOUR FAMILY. SCIENTISTS FUNDED BY USDA'S AGRICULTURAL RESEARCH SERVICE SAYS THERE IS GROWING EVIDENCE THAT CONNECTS VITAMIN D AND COGNITIVE FUNCTION. THIS STUDY INVOLVED MORE THAN A THOUSAND PEOPLE RECEIVING HOME CARE. SENIORS REQUIRING HOME CARE HAVE A HIGHER RISK OF NOT GETTING ENOUGH NATURALLY-OCCURING VITAMIN D BECAUSE OF LIMITED SUNLIGHT EXPOSURE. THE PARTICIPANTS RANGED IN AGE FROM 65 TO 99 YEARS OLD. ONLY A THIRD HAD SUFFICIENT VITAMIN D BLOOD LEVELS. THE RESEARCHERS SAY THOSE FOLKS HAD BETTER COGNITIVE PERFORMANCE ON THE TESTS THAN THE PARTICIPANTS WHO ARE VITAMIN D-DEFICIENT.

BROCOLLI BENEFITS:
MEANWHILE, RESEARCHERS AT OHIO STATE UNIVERSITY ARE ENCOURAGING YOU TO LOAD-UP ON BROCCOLI. SOMETIMES THE VEGGIE IS CALLED THE "CROWN JEWEL OF NUTRITION" FOR THE HEALTH BENEFITS IT OFFERS THROUGH A WIDE VARIETY OF VITAMINS, MINERALS, AND FIBER. ACCORDING TO THE FEDERAL GOVERNMENT, FRESH BROCCOLI DIFFERS SOMEWHAT IN NUTRIENT CONTENT THAN ITS FROZEN COUNTERPART. BROCCOLI FLORETS ARE RICHER IN BETA-CAROTENE THAN THE STALKS, AND SINCE MANUFACTURERS TYPICALLY CUT OFF MOST OF THE STALK BEFORE PACKAGING, FROZEN BROCCOLI MAY CONTAIN 35 PERCENT MORE BETA-CAROTENE OUNCE FOR OUNCE. HOWEVER, FROZEN BROCCOLI TENDS TO HAVE ONLY ABOUT HALF THE CALCIUM AND OTHER IMPORTANT VITAMINS.

CONTACT PAGE:
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