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AgDay Daily Recap -March 13, 2013

March 13, 2013
 
 

TODAY ON AGDAY

MARCH 13, 2013

 

WHEAT CONDITIONS:

GOOD MORNING I'M CLINTON GRIFFITHS. THE U.S. WINTER WHEAT CROP IS GETTING CLOSE TO BREAKING DORMANCY BUT THE MAJORITY OF THE ACRES WENT INTO THE FALL IN POOR TO VERY POOR CONDITION. MANY AREAS OF KANSAS CONTINUED TO RECEIVE MUCH NEEDED MOISTURE ACCORDING TO THE KANSAS "NASS" OFFICE. THE KANSAS WHEAT CROP HAS STARTED TO GREEN UP AND OPERATORS ARE TOP DRESSING FIELDS WHERE CONDITIONS PERMIT. ABOUT A THIRD OF THE KANSAS WINTER WHEAT CROP IS CALLED POOR TO VERY POOR...A THREE POINT IMPROVEMENT OVER LAST WEEK. 40-PERCENT IS FAIR. IN OKLAHOMA - THE RAINFALL AND SNOW FROM THE PAST FEW WEEKS HAVE IMPROVED WHEAT CONDITIONS, BUT 41 PERCENT OF WHEAT IS STILL RATED POOR TO VERY POOR... A SIX POINT IMPROVEMENT. 39-PERCENT IS FAIR IN OKLAHOMA. TEXAS WHEAT IS IN A SIMILAR SITUATION WITH 44-PERCENT RATED AS POOR TO VERY POOR, AN IMPROVEMENT OF JUST ONE PERCENTAGE POINTS. 38-PERCENT IS FAIR. HOWEVER, THE JURY IS STILL OUT ON WHETHER THIS IS ENOUGH OF AN IMPROVEMENT TO SAVE THE CROP. AT COMMODITY CLASSIC AGDAY'S MICHELLE ROOK TALKED TO PRODUCERS FROM VARIOUS PARTS OF THE COUNTRY TO FIND OUT WHAT THE PROSPECTS ARE IN THEIR AREA.

NASS REPORTS:
USDA'S NATIONAL AGRICULTURAL STATISTICS SERVICE IS SUSPENDING A NUMBER OF STATISTICAL SURVEYS AND REPORTS FOR THE REMAINDER OF THE FISCAL YEAR. "NASS" SAYS IT'S DUE TO REDUCED FUNDING CAUSED BY SEQUESTRATION. THE AGENCY SAYS IT SELECTED THE TEN REPORTS BASED, IN PART, ON HOW MUCH TIME IS LEFT IN THE MARKETING YEAR FOR THE SPECIFIC COMMODITY. AMONG THE LIST - MILK PRODUCTION REPORTS, THE JULY CATTLE REPORT, AS WELL AS CATFISH, POTATO AND RICE STOCKS.

CROP WATCH:

CORN PLANTERS ARE ROLLING IN THE SOUTH. CINDI CLAWSON HAS DETAILS IN THIS MORNING'S CROPWATCH. GOOD MORNING CINDI.

FARM LAND FUNDS:

IN AGRIBUSINESS..ACCORDING THE FARMLAND INVESTOR LETTER--THERE'S BIG MONEY WAITING IN THE WINGS TO BUY FARMLAND. ACCORDING TO MURRAY WISE-- A SPEAKER AT THE CHICAGO FED LAST WEEK,---HE SPECULATES AS MUCH AS 10 BILLION DOLLARS IN INSTITUTATIONAL CAPITAL IS NOW SEARCHING FOR A HOME U.S. AGRICULTURAL LAND. WISE SAYS SEVERAL GOOD YEARS FOR FARMERS IS KEEPING MUCH OF THAT MONEY LOCKED OUT OF THE MIDWEST...MOSTLY DUE TO HIGH LAND PRICES AND HIGH CASH RENTS. BUT OVERALL, INVESTER DEMAND IS GROWING.

AEM FLASH REPORT:

EQUIPMENT SALES HAVE BEEN BRISK TO START 2013. THE ASSOCIATION OF EQUIPMENT MANUFACTURERS ROLLED OUT ITS MONTHLY FLASH REPORT.

ANALYSIS:

AND FARMERS WILL BE PUTTING THOSE NEW RIGS TO WORK SOON ACROSS THE ENTIRE COUNTRY. AND WHILE BUYING SEED ISN'T CHEAP, NEITHER ARE INPUTS. IN ANALYSIS THIS MORNING, AL PELL AND LUKE SWENSONO--A TRADER AT MONEY FARM IN NORTH DAKOTA--DISCUSS INPUT COSTS AND PROTECTING THE BOTTOM LINE.

IN THE COUNTRY:

IN THE ROLLING HILLS OF CENTRAL MONTANA, THE POSER FAMILY ESTABLISHED A HOMESTEAD MORE THAN A HALF CENTURY AGO. THE LAND HAS PROVIDED A COMFORTABLE LIVING AND AN IDEAL PLACE TO RAISE THEIR HERD AND GROW A FEW CROPS. THE AMERICAN ANGUS ASSOCIATION DOCUMENTED THEIR LIFE IN A SPECIAL VIDEO CALLED "I AM ANGUS". COREY AND GARY POSER NOW SHARE THEIR THOUGHTS OF THIS LIFE IN BIG SKY COUNTRY. OUR THANKS TO THE AMERICAN ANGUS ASSOCIATION FOR SHARING THAT STORY. BY THE WAY, CORY SERVED IN THE NAVY BEFORE RETURNING HOME TO THE RANCH. WE THANK "HIM" FOR HIS SERVICE TO THE COUNTRY.

FRUIT AND VEGGIE SALES:

DESPITE A HIKE IN CONSUMER PRICES, FRESH PRODUCE SALES SAW BIG GAINS IN THE FOURTH QUARTER, MOSTLY ON THE STRENGTH OF FRUIT SALES. THAT'S ACCORDING TO ANALYSIS FROM THE UNITED FRESH FOUNDATION.

USDA PESTICIDES:

IN FOOD AND YOUR FAMILY - SOME CONSUMER GROUPS CONTINUALLY RAISE RED FLAGS REGARDING PESTICIDE RESIDUES ON US FOOD PRODUCTS. NEW DATA MAY SERVE AS A DIRECT REBUTTLE. EACH YEAR, EPA ISSUES A SUMMARY OF PESTICIDE USE IN FOODS. OF THE NEARLY 12-THOUSAND SAMPLES ANALYZED, RESIDUES EXCEEDING EPA TOLERANCE LEVELS WAS LESS THAN THREE-TENTHS OF A PERCENTAGE POINT. IT FOUND PESTICIDE RESIDUES DETECTED ON A VARIETY OF FOOD PRODUCTS ARE BELOW THEIR TOLERANCE LEVELS AND "DO NOT POSE A SAFETY CONCERN."

BEST AG GRADUATE PROGRAMS:

 

 

AND FINALLY THIS MORNING, IF YOU'RE WORKING TOWARDS A CAREER THAT WOULD HELP PROVIDE A SAFER AND ABUNDANT FOOD SUPPLY, YOU MIGHT WANT TO GET A GRADUATE DEGREE IN AG AND BIOLOGICAL ENGINEERING. BUT WHICH SCHOOL SHOULD YOU CHOOSE?

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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