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AgDay Daily Recap -April 8, 2013

April 8, 2013
 
 

TODAY ON AGDAY

APRIL 8, 2013

 

RICE PRODUCTION:

GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. THE AG DEPARTMENT EXPECTS A HUGE CORN CROP WILL BE PLANTED THIS YEAR - AND THAT MEANS SOME CROPS WILL BE LOSING ACRES. ONE OF THOSE CROPS IS RICE.

PLANTING PROGRESS:

AS OF LAST MONDAY'S CROP PROGRESS REPORT, RICE PLANTINGS WERE 14% COMPLETED IN THE SIX STATES WHICH GROW RICE. THAT'S THREE POINTS BEHIND THE FIVE YEAR AVERAGE. CALIFORNIA FARMERS HAVE NOT STARTED PLANTING RICE YET. TEXAS AND MISSOURI ARE IN SINGLE DIGITS. ARKANSAS AND MISSISSIPPI ARE IN THE TEENS. LOUISIANA LEADS THE BUNCH WITH ABOUT A THIRD OF THE CROP IN THE GROUND. HOWEVER THAT'S WELL BEHIND LAST YEARS EARLY START. WE GET AN UPDATE NOW FROM TOBIE BLANCHARD AT THE LSU AG-CENTER.

CROP WATCH:

TOBIE MENTIONED HOW WET IT'S BEEN IN LOUISANA. THAT'S A SIMILAR STORY THROUGHOUT MUCH OF THE SOUTHEAST UNITED STATES, ESPECIALLY GEORGIA. THAT STATE SAW RECORD RAINFALL IN LATE WINTER, PROVIDING GOOD MOISTURE FOR PLANTING. MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER-CENTER.

TYSON SETTLEMENT:

VIOLATIONS OF THE CLEAN AIR ACT WILL COST TYSON FOODS NEARLY FOUR MILLION DOLLARS.  THAT'S ACCORDING TO BOTH THE ENVIRONMENTAL PROTECTION AGENCY AND THE JUSTICE DEPARTMENT.

ILLINOIS LAND:

FROM OUR REPORTING PARTNERS AT LANDOWNER NEWSLETTER, CENTRAL ILLINOIS JUST SAW A NEW HIGH FOR GOOD QUALITY FARMLAND - - 16-THOUSAND DOLLARS AN ACRE! THE RECENT SALE WAS FOR A 96 ACRE TRACT IN CASS AND MORGAN COUNTIES - WHICH IS IN THE EAST-CENTRAL PART OF THE STATE. THE LAND WAS SAID TO BE 100% TILLABLE AND OF HIGH QUALITY SOILS.

DAKOTA LAND:

AS WE FIRST REPORTED FRIDAY, THE VALUE OF NORTH DAKOTA FARMLAND IS ALSO PUSHING MUCH, MUCH HIGHER. A NEW REPORT FROM NORTH DAKOTA STATE EXTENSION SAYS CROPLAND VALUES SURGED 42% DURING 2012. THE REASONS ARE CLEAR - HIGHER GRAIN PRICES, LOW INTEREST RATES AND THE BOOMING OIL ECONOMY. LANDOWNER EDITOR MIKE WALSTEN SAYS THIS CREATED THE PERFECT STORM FOR SKYROCKETING LAND PRICES.

ANALYSIS:

IN AGRIBUSINESS, MIKE WALSTEN TALKED EARLIER IN THE SHOW ABOUT HOW THE FORECAST FOR LOWER CROP PRICES COULD START TO REVERSE THE RAPID INCREASE IN LAND VALUES. LET'S HEAD OVER TO THE AGRIBUSINESS DESK AS AL PELL TALKS TO MIKE NORTH ABOUT THE DRAMATIC DECREASE IN CORN PRICES WE SAW LAST WEEK.

CALIFORNIA MUSHROOMS:

AS SPRING REINTRODUCES US TO WARMER TEMPS, HUNTING MOREL MUSHROOMS ACROSS SOME PARTS OF THE COUNTRY IS A POPULAR PAST-TIME. WHILE I ADMIT, I'M A FAN OF FRIED MORELS, ON THE WEST COAST, IT'S MUSHROOM SEASON ALL THE TIME.  TRACY SELLERS OF CALIFORNIA BOUTIFUL GIVES US A TASTE OF WHAT IT TAKES TO GROW MUSHROOMS YEAR-ROUND. FUNGI, FUNJI, WHATEVER YOU CALL IT, THE FAMILY SAYS THEY ENJOY INTRODUCING NEW FANS TO THEIR FAVORITE MUSHROOMS AT THEIR LOCAL MARKET.

OBAMA FOOD AID:

IN FOOD AND YORU FAMILY, THE OBAMA ADMINSTRATION WANTS TO OVERHAUL INTERNATIONAL FOOD AID. AND THIS ISN'T SITTING WELL WITH VARIOUS SHIPPING COMPANIES, AGRIBUSINESS AND CHARITABE GROUPS.

PORK CUTS:

FRIDAY WE TOLD YOU ABOUT NEW MEAT LABELS THAT COULD HELP MAKE MEAT PURCHASES MORE FRIENDLY TO CUSTOMERS. IN ADDITION TO THE CHANGE, PORK CUTS WILL ALSO GET NEW NAMES. HERE'S A LIST OF A FEW CHANGES.  A PORK LOIN CHOP WILL NOT BE A PORK PORTERHOUSE CHOP. THE RIB CHOP CENTER WILL NOW THE PORK RIBEYE CHOP, BONE-IN. AND THE TOP LOIN CHOP WILL NOW BE KNOWS AS THE PORK NEW YORK CHOP. THE PORK CHECKOFF SAYS ALL OF THESE NAMES CAME FROM EXTENSIVE CUSTOMER RESEARCH.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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