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AgDay Daily Recap -April 24, 2013

April 24, 2013
 
 

TODAY ON AGDAY

APRIL 24, 2013

 

FLOODING PICTURES:

GOOD MORNING I'M CLINTON GRIFFITHS. SPRING WEATHER IS TESTING THE RESOLVE OF THE NATION'S FAMERS THIS WEEK. FROM FLOODING, TO SNOW TO HIGH WINDS AND DUST STORMS PRODUCERS ARE FACING IT ALL.

PLANTING TOUR:

THE FLOODING IS THE RESULT OF LAST WEEK'S TORRENTIAL STORMS IN THE MIDWEST. AS PART OF OUR I-80 PLANTING TOUR, TYNE MORGAN WAS SOUTH OF CHICAGO LAST WEEK AS THE STORMS MOVED THROUGH. THE SLOPPY CONDITIONS ARE CAUSING FARMERS TO STOP WORRYING ABOUT A POSSIBLE DROUGHT AND INSTEAD FOCUS ON FLOODING.

CROP WATCH:

IN THE NORTHERN TIER OF THE COUNTRY IT'S NOT FLOODING, BUT LINGERING SNOW THAT'S THE PROBLEM. CHUCK HEAVER FROM AGDAY AFFILIATE WNDU-TV IN SOUTH BEND, INDIANA JOINS US NOW WITH CROPWATCH. GOOD MORNING CHUCK.

BAUCUS RETIRE:

VETERAN LAWMAKER MAX BAUCUS OF MONTANA APPEARS SET TO RETIRE. THERE'S NO OFFICIAL WORD YET, BUT THERE ARE REPORTS THAT THE SIX TERM SENATOR FROM MONTANA WILL NOT SEEK A SEVENTH. THE 72-YEAR-OLD DEMOCRAT IS CHAIRMAN OF THE SENATE FINANCE COMMITTEE. BAUCUS IS THE SEVENTH SENATOR TO ANNOUNCE HIS RETIREMENT. TWO REPUBLICANS AND FOUR DEMOCRATS HAVE ALREADY ANNOUNCED THAT THEY WOULD NOT SEEK ANOTHER TERM.

DUPONT EARNINGS:

IN AGRIBUSINESS TODAY - IT APPEARS DUPONT'S AG SECTOR IS BOLSTERING ITS BOTTOM LINE. THE COMPANY RELEASED ITS FIRST QUARTER EARNING REPORT. THE COMPANY SAYS RECORD AGRICULTURE OPERATING EARNINGS HELPED OFFSET AN EXPECTED DECLINE IN THEIR NON-AG CHEMICAL SECTOR. DUPONT'S OPERATING EARNINGS IN AG ARE UP 13-PERCENT FROM A YEAR AGO. SALES ARE UP 14-PERCENT.

MONSANTO EXPANSION:

MEANWHILE MONSANTO ANNOUNCED A MAJOR EXPANSION AT ITS RESEARCH CENTER IN SUBURBAN ST. LOUIS. THEY'RE ADDING 36 NEW GREENHOUSES AND LAB SPACE AT ITS CHESTERFIELD VILLAGE RESEARCH CENTER. THE COMPANY SAYS IT'S A 400-MILLION DOLLAR PROJECT WHICH COULD ADD 675 JOBS OVER THE NEXT THREE YEARS.
WORK BEGINS THIS SUMMER.

ANALYSIS:

U.S. FARMERS HAVE MADE A LOT OF INVESTMENTS IN THE RECENT YEARS THANKS TO LOWER INTEREST RATES. IN THIS MORNING'S ANALYSIS BILL BIEDERMAN TELLS AL PELL, IT MIGHT BE A GOOD TIME START THINKING LONGER TERM.

TEXAS SHOE REPAIR:

LEGACY IS AN IMPORTANT ASPECT OF FARM COUNTRY. MANY FARMERS WORRY AND WONDER ABOUT PASSING ALONG THE FAMILY OPERATION. THE SAME HOLDS TRUE FOR A SHOE REPAIR SHOP IN GRAPEVINE, TEXAS. TEXAS COUNTRY REPORTER BOB PHILLIPS TELLS US HOW THE MESSINA FAMILY IS PASSING ALONG THEIR HERITAGE AND SAVING SOME SOLES

WALNUT THEFT:

THE THEFT OF CROPS IS BECOMING AN EVER-BIGGER PROBLEM IN CALIFORNIA. IN BUTTE COUNTY, CALIFORNIA SUPERVISORS ARE LOOKING TO AMEND A COUNTY CODE TO PROTECT WALNUT GROWERS IN THEIR COUNTY FROM THIEVES.

CHICK FIL A:

MEANWHILE THE U-S PATENT OFFICE STAMPED A "NO" ON THE APPLICATION OF A VERMONT ARTIST WHO BUILT A T-SHIRT BUSINESS AROUND THE PHRASE "EAT MORE KALE".

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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