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AgDay Daily Recap -November 15, 2013

November 15, 2013
 
 

TODAY ON AGDAY

NOVEMBER 15, 2013

 

YELLEN CONFIRMATION:

GOOD MORNING I'M CLINTON GRIFFITHS. PRESIDENT OBAMA'S PICK TO HEAD THE FEDERAL RESERVE SAYS THAT THE U.S. ECONOMY STILL NEEDS THE FED'S SUPPORT TO REGAIN GROUND LOST TO THE GREAT RECESSION.

AFBF ECONOMIST:

LOW INTEREST RATES, STRONG DEMAND AND HIGH COMMODITY PRICES HAVE BEEN GOOD TO MANY SECOTORS OF FARMING IN THE LAST FEW YEARS. BUT ECONOMIST WITH THE AMERICAN FARM BUREAU SAY ITS "POSSIBLE" AG'S BEST YEARS MAY BE BEHIND IT.

2014 OUTLOOK:

WITH CORN PRICES AT ABOUT HALF OF 2012 PRICES, NET FARM INCOMES WILL TAKE A HIT IN 2014. TYNE MORGAN TALKED WITH ONE LENDER WHO WATCHES THESE PRICES VERY CLOSELY. SHE JOINS US FROM KANSAS CITY WHERE THE NATION'S FARM BROADCASTERS ARE MEETING THIS WEEK, TYNE.

CHICAGO FED:

SPEAKING OF LAND PRICES, THE CHICAGO FED RELEASED IT'S LATEST LAND VALUES FIGURES FOR DISTRICT SEVEN. THAT INCLUDES INDIANA, MICHIGAN, ILLINOIS, WISCONSIN AND IOWA.

CASH RENTER:

COMING UP TOMORROW ON AGDAY WE'LL TAKE A LOOK AT WHAT CROP PRICES AND EVERYTHING ELSE COULD MEAN FOR CASH RENTERS IN 2014.

GRASSLEY:

DECISIONS IN WASHINGTON COULD HAVE A BIG IMPACT ON AGRICULTURE IN 2014. OF COURSE THE BIGGEST DECISION REMAINS COMPLETING WORK ON A NEW FIVE YEAR FARM BILL.

TEXAS WATER RESERVOIRS:

AREAS IN TEXAS HAVE SEEN RAINS RECENTLY BUT MANY OF THE STATE'S RESERVOIRS REMAIN CRITICALLY LOW. TEXAS AGRILIFE EXTENSION SAYS CENTRAL, EAST AND EVEN COASTAL BEND REGIONS HAVE WITNESSED IMPROVEMENTS IN WATER LEVELS. THE NORTH CENTRAL, WEST AND SOUTHWEST ARE STILL SUFFERING. SOME AREAS, LIKE TOSE NEAR WICHITA FALLS SAY CITIES HAVE ONLY 180 DAYS OF WATER LEFT.

DROUGHT MONITOR:

AND SPEAKING OF DROUGHT, THE NATIONAL DROUGHT MONITOR SHOWS DRYNESS CREEPING ITS WAY BACK ACROSS THE COUNTRY. AS OF THIS WEEK, 56 PERCENT OF THE COUNTRY IS IN SOME FORM OF DROUGHT. IN FACT, ONLY KENTUCKY AND MARYLAND ARE COMPLETELY DROUGHT FREE.

CROP WATCH:

LET'S TURN NOW TO MIKE HOFFMAN FOR YOUR FIRST IN FARM COUNTRY WEATHER, MIKE.

PROFIT BRIEFING:

NOW THAT USDA SAYS THERE'S A 14 BILLION BUSHEL CORN CROP OUT THERE, WHERE DOES THE MARKET HEAD NOW. WHAT DO THE EXPERTS FROM PROFARMER SEE AS FAR AS DEMAND RECOVERY? EDITOR CHIP FLORY AND DIGITAL MANAGING EDITOR JULIANNE JOHNSTON JOINS US FROM THE PROFARMER STUDIOS IN CEDAR FALLS IOWA FOR THIS WEEK'S PROFIT BRIEFING.

MSU SPORT RIDING:

I THINK MOST COWBOYS WILL TELL YOU THERE'S A DIFFERENCE BETWEEN JUST RIDING A HORSE AND USING ONE FOR WORK. WELL THERE'S A NEW COMPETITION--A SPORT OF SORTS FOR THOSE WORK HORSES. IT'S CALLED THE EXTREME COWBOY RACE. AMY TAYLOR WITH MISSISSIPPI STATE REPORTS.

FARM RECIPE:

AS WE DO EACH AND EVERY WEEK, ITS TIME FOR OUR FARM FAVORITE RECIPE. THIS WEEK'S COMES FROM THE EDITORS OVER AT FARM JOURNAL AND IT'S A BLUEPRINT FOR POTATO PANCAKES. NOW THIS GOES WELL WITH BREAKFAST---OR DINNER. AND DONT' FORGET TO SEND US YOUR FARM FAVORITE RECIPE. YOU CAN DO THAT BY EMAIL AT INBOX AT AGDAY DOT COM OR ONLINE AT OUR FACEBOOK PAGE.

HIGH PROTEIN BREAKFAST:

IF THAT DIDN'T GET YOU IN THE MOOD FOR A BIG BREAKFAST MAYBE THIS NEW RESEARCH WILL.

 

 

 

 

 

 

 


 
  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
      
                                
                                                        
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                
 
                                 

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