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AgDay Daily Recap - October 28, 2010

October 28, 2010
 
 

TODAY ON AGDAY:
OCTOBER 28, 2010

LAND VALUES:
ONE INDUSTRY THAT'S REMAINED STABLE DURING THESE UN-CERTAIN ECONOMIC TIMES HAS BEEN AGRICULTURE, SPECIFICALLY FARMLAND VALUES. THE DEMAND FOR GOOD FARMLAND REMAINS HIGH, ESPECIALLY FOR THE MOST PRODUCTIVE LAND IN THE CORNBELT. BUT IS THERE A RISK FOR THAT BUBBLE TO BURST? LAST WEEK, WE FIRST REPORTED THAT SHEILA BAIR, CHAIRPERSON OF FDIC, SAID IT'S IMPORTANT TO MONITOR U.S. FARMLAND VALUES FOR SIGNS OF INSTABILITY LIKE THE PRICE BUBBLES IN THE HOUSING AND STOCK MARKETS. IN AN AGDAY EXCLUSIVE, PRO FARMER WASHINGTON EDITOR ROGER BERNARD SAT DOWN WITH AGRICULTURE SECRETARY TOM VILSACK TO DISCUSS A HOST OF ISSUES, INCLUDING LAND VALUES. FDIC CHAIRMAN BAIR SAYS THE HEALTH OF OVER 1,500 FARM BANKS WOULD BE THREATENED IF THE "POSITIVE FUNDAMENTALS" IN THE BOOMING AGRICULTURAL SECTOR SUDDENLY REVERSED. DESPITE THE STRENGTH FARMLAND VALUATIONS, BAIR SAYS THOSE "POSITIVE FUNDAMENTALS" COULD CHANGE.

STATE BY STATE:
NOW IN OTHER NEWS STATE BY STATE, LAND CONTINUES TO GRAB HEADLINES. IN KANSAS, A 15,000 ACRE TRACT OF LAND IS UP FOR AUCTION. MASON AND MORSE RANCH COMPANY CALLS IT TOP-QUALITY CROPLAND IN THE NORTHWEST TERRITORY, NEAR GOODLAND. ACCORDING TO THE COMPANY, THE SIZE OF THE ACREAGE REPRESENTS ONE OF THE LARGEST AMOUNTS OF CROPLAND ACRES EVER OFFERED AT AUCTION AT ONE TIME IN WESTERN KANSAS. IN INDIANA, PURDUE AND THREE OTHER UNIVERSITIES WILL SHARE A NEARLY FIVE MILLION DOLLAR GRANT TO STUDY LED LIGHTING FOR GREENHOUSES. CALLED A USDA SPECIALTY CROPS RESEARCH AWARD, THE MONEY IS USED TO FIND WAYS TO IMPROVE LIGHTING AND LOWER ENERGY COSTS INSIDE THOSE GLASS BUILDINGS. ONE PROJECT IN PARTICULAR FOCUSED ON LED LIGHTING ON HIGH-WIRE TOMATOES. THOSE PLANTS CAN GROW 20 FEET TALL. TRADITIONAL LIGHTING DOESN'T REACH THE LOWER PARTS OF THE PLANT. IN MONTANA, AT LEAST TWO SOUTHWEST MONTANA HORSE OWNERS ARE REPORTING THIEVES TROTTED OFF WITH TAIL HAIR FROM THEIR HORSES. ACCORDING TO THE BOZEMAN NEWSPAPER, SUCH HAIR CAN BE VALUABLE TO MAKERS OF HANDCRAFTED HORSE BRIDLES OR OTHER ITEMS. ON SEVERAL OF THE HORSES, TAIL HAIR WAS CUT-OFF. ANOTHER HORSE HAD ITS MANE SHEARED OFF. ACCORDING TO THE PAPER, THE HORSES WERE NOT INJURED. THERE ARE REWARDS NOW BEING OFFERED TO FIND THE SCOUNDRELS. ACCORDING TO ONE HORSE OWNER, IT TAKES FOUR TO FIVE YEARS FOR THE TAIL TO GROW BACK.

DAKOTA BLIZZARD:
IN CROP WATCH, HARVEST CAME TO AN ABRUPT HALT IN THE UPPER PLAINS AND MIDWEST AFTER A POWERFUL STORM CHARGED THROUGH. 60-MPH WINDS AND UP TO 8 INCHES OF SNOW, PUT MUCH OF NORTH DAKOTA UNDER A BLIZZARD WARNING ON WEDNESDAY. ACCORDING TO OUR AFFILIATE IN BISMARCK, FARMERS SAW THIS ONE COMING SO THEY WORKED OVERTIME TO GET AS MUCH DONE AS POSSIBLE BEFORE THE STORM HIT. THEY HAD ABOUT TWO WEEKS OF DRY WARM WEATHER. AS OF MONDAY -- BEFORE THE STORM HIT – 55% OF THE NORTH DAKOTA CORN CROP HAD BEEN HARVESTED. MOST SOYBEAN CUTTING HAD WRAPPED-UP. ABOUT HALF OF THE STATE'S SUNFLOWERS ARE STILL STANDING. AND NOW LET'S CHECK IN WITH MIKE HOFFMAN FOR SOME CROP COMMENTS, MIKE.

MARKETING RALLY:
IN AGRIBUSINESS, REGISTRATION IS NOW OPEN FOR THE 2010 MARKETING RALLY. NOW IN ITS SECOND YEAR, WE'VE ASSEMBLED 16 OF THE BEST MINDS IN GRAIN MARKETING, INCLUDING TODAY'S GUEST JIM BOWER FROM BOWER TRADING. WE'LL CONVENE FOR A TWO DAY INTENSIVE COURSE IN MAKING THE MOST FROM YOUR CROPS. THERE'LL BE GENERAL SESSIONS, AS WELL AS OPPORTUNITIES TO MEET ONE-ON-ONE WITH THE PANELISTS. WITH SUCH VOLATILITY IN THE GRAIN MARKETS, NOW MAY BE THE PERFECT TIME TO GET EXPERT ADVICE ON MARKETING YOUR CROP. 2010 MARKETING RALLY WILL BE HELD AT PHEASANT RUN RESORT IN ST CHARLES, ILLINOIS, JUST OUTSIDE CHICAGO. REGISTRATION IS NOW OPEN. GO TO WWW.MARKETINGRALLY.COM FOR DETAILS.

ANALYSIS:
JIM BOWER

IN THE COUNTRY; OLD GYM:
HOW OFTEN DO YOU HEAR SOMEONE LAMENT ABOUT THE GOOD OLE' DAYS? THEY UTTER THE PHRASE "THEY DON'T MAKE'EM LIKE THEY USE TO". WELL, A STRUCTURE IN THE TINY TOWN OF HOLLY SPRINGS, IOWA STANDS AS A TESTAMENT TO AMERICAN CONSTRUCTION. AT ONE TIME, IT WAS A GATHERING PLACE TO WATCH HIGH SCHOOL BASKETBALL. BUT THE SCOREBOARD IS NOW GONE. SO ARE THE BLEACHERS, BUT THE FANS STILL EXIST. AL JOENS FROM AFFILIATE KTIV-TV IN SIOUX CITY TAKES US IN THE COUNTRY. AL SAYS THE REST OF THE SCHOOL BUILDING USED TO BE ON THE SITE AS WELL. BUT AFTER A FLOOD IN 1996, IT WAS TORN DOWN. TRYING TO IMPROVE ON GREEN BEANS, NEXT IN FOOD AND YOUR FAMILY.

KENTUCKY GREEN BEAN:
IT'S BEEN ABOUT TEN YEARS SINCE RESEARCHERS AT THE UNIVERSITY OF KENTUCKY LAST EVALUATED DIFFERENT VARIETIES OF GREEN BEANS TO SEE IF WHAT'S BEING GROWN IS MEETING THE DEMANDS OF CONSUMERS. IN THIS MORNING'S FOOD AND YOUR FAMILY, KENTUCKY'S JEFF FRANKLIN REPORTS ON SOME OF THE THINGS THEY'VE LEARNED OVER THE PAST DECADE.

 

 

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