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December 2009 Archive for U.S. Farm Report Mailbag

RSS By: U.S. Farm Report, US Farm Report

Comments, questions, opinions...this is your chance to speak out regarding anything and everything reported on U.S. Farm Report. Viewer feedback updated regularly.

Cotton Farming in December

Dec 22, 2009

John this year has been a challenge at the least. Planted in the wet ground and finished in the wet ground. I wished it would stop raining so we could get the cotton harvested. It did... but snowed 6 inches just 12 hours after we finished.So I guess if you make a wish think twice. Have a happy holiday and I wish The US Farm Report would send a reporter to the Southern Farm Show in February.

Mark Phelps

Harvest in December

Dec 16, 2009
   Here are some recent pictures of Karau Farms & Harvesting. We are harvesting corn in Northern Iowa near Swea City. It has been wet and snowy. Thanks and have a great holiday.
Dean Karau

Commodities vs. Index Funds

Dec 07, 2009
     Though I wasn't around at the time, I can imagine that the ag commodity exchange markets were originally created to give producers and end users a mechanism to determine the fair market value of a given commodity at a given point of time in the future.  This would then enable these parties to make intelligent decisions regarding their production or usage by having locked in a selling price or purchasing price and thereby reducing their risks.
     Wouldn't it be great if we had such a mechanism around today.  Instead we get to guess what index fund managers on wall street might have been thinking about this morning when they got to the office.  What did they read in the paper?  See on news? Who were they talking to that influenced their thinking?  They'll tell us when the markets open at 10:00 a.m. 
     Even the guest market analysts on your show have been made to look like a ship of fools.  While trying to determine when I should buy my corn for my livestock operation, I kept hearing even through late October that corn could break well below $3.00.   It never even got close.  Not because the late harvest affected things that much but because of what the funds thought about it;   whatever "it" is.
     Let's get non- producers and non-end users out of the commodities markets by re-vamping the whole thing and requiring verification of actual involvement in commodity production, usage, or dealing.  This way we will once again have a mechanism to determine an actual market value for commodities and I could finally get some sleep at night once again.
     Would't it be great if index managers' salaries were a commodity that could be traded on the exchange?   Boy, would I ever have some fun with that!  Essentially, that's  what their doing with mine.  Let the index funds set up their own virtual commodity exhange.  And how about having it located in Las Vegas? 

Yours truly,
Jim Lehe
West Lafayette, IN

Viewer Feedback

Dec 04, 2009
Sitting in the line at the grain co-op gives one a lot of time to think...
   The elevator is getting to be more and more like a doctor's office.  You wait around for about two hours for something that takes about five minutes.  And they close early!  I'm not sure if it's to play golf - but I kind of doubt it.  I don't even want to get started about the probing and sampling similarities!  
Tom Morrison

   I am currently working with 80 organizations concerning the Agricultural Death Tax and its affects on our environment and our growing inability to feed our country without imports?
   We lose 2 mil acres of food producing lands every year due to this tax, not to mention the loss to our environment and wildlife habitat. Our inability to feed our country and the forecast that 30% of our farms and ranches (700,000 farms/ranches) will be lost in the next few years to this tax should overshadow any other issue, including healthcare, Tiger Woods or the couple that went to dinner at the White House. 
   I am amazed that no one since President Bush is being proactive on stopping the growing problem of the U.S.A.’s inability to feed its own.  President Bush saw the problem and scheduled the Ag Death Tax to be abolished next year.  But as of yesterday the Democratic Controlled House Rules Committee (Rangel) has insured that no real discussion or amendments will be allowed about this growing crisis. 
   We have outsourced our oil and soon it will be our food. I am extremely frustrated by my inability to expose this crisis to the voting public.
Yours truly, 
Gary Walker
Walker Ranches

Interesting Feedback

Dec 01, 2009
Editor's Note:  The following viewer feedback was received following the November 28-29, 2009 edition of U.S. Farm Report...

   We watch US Farm Report each week and this Thanksgiving Special was especially poignant, even sad.  It is frightening to see the strain on farmers and their families.  The causes for this is all to apparent: government regulation; government interference in free markets and phony science.  The government's role in this continuous degradation is to voluminous to mention here.  "Science's" role is being exposed, thank God!  See Wall Street Journal article below. 
   We would hope farm organizations who profess to support farmers, small and large, will demand their political representatives investigate the foundation of these "man-made-global-warming" claims, supposedly based on "peer reviewed" science.  
   We have always doubted the so-called "Consensus" and now that the perpetrators of this hoax are being exposed we hope US Farm Report does some real investigative reporting on Al Gore and the fraud he and his minions are responsible in creating.   
Darryl H. Leifheit 
Lexington, KY

   I was surprised to hear the head of one of your farm families interviewed on your Thanksgiving Day program say that 90% of the corn grown in the USA is grown on family farms.  In all that I have read, that sentence does not appear credible – see for example -
Especially the article that says:
 3 Companies Control 90% Corn Market. Only three companies (Archer Daniels Midland, Bunge
and Cargill) control 90% of the global grain trade. This means farmers in Iowa and elsewhere
have had less and less options for selling their grain. These companies can also manipulate the
price of corn on the Chicago Board of Trade with their market power.
Perhaps there is a difference between “growing” and “controlling”?
 Can you clarify?
Richard Fassino
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