AgDay Daily Recap -July 25, 2014

July 25, 2014 02:57 AM
 

 

 

TODAY ON AGDAY
JULY 25, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY A NEW ERA FOR INFRASTRUCUTRE...LETTING PRIVATE INVESTORS HELP FUND PROJECTS IN RURAL AMERICA.WILDFIRES CONTINUE IN THE DROUGHT STRESSED WEST.IN THE PROFARMER PROFIT BRIEFING -AN ALABAMA VETERAN TURNING HIS HOBBY INTO A PROFESSION. AND WE GET BACK TO OUR ROOTS AS WE SHOWCASE A GREAT AMERICAN BARN FROM ILLINOIS. GRANDMA WAS ALWAYS PROUD OF THE BARN, AGDAY BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO - THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.
RUAL INFRASTRUCTURE:
CLINTON…GOOD MORNING I'M CLINTON GRIFFITHS. GETTING HELP TO FIX RURAL AMERICAN INFRASTRUCTURE MAY NOT MEAN SIMPLY WAITING FOR HELP FROM THE FEDERAL GOVERNMENT...AND THAT'S OUR TOP STORY ON AGDAY.
JIM W:
CLINTON…MEANWHILE ALSO ON THE INFRASTRUCTURE FRONT-- THE SENATE IS SET TO VOTE ON A BILL TO RESCUE THE HIGHWAY TRUST FUND. THE FUND, WHICH HELPS PAY FOR TRANSPORTATION PROJECTS ARE SET TO RUN OUT OF MONEY NEXT MONTH. THE HOUSE HAS PASSED A BILL THAT APPROVES SOME 11 BILLION DOLLARS FOR THE FUND. THE SENATE SAYS ITS REACHED AGREEMENT ON POSSIBLE AMENDMENTS...ITS LIKELY TO VOTE EARLY NEXT WEEK.
NORTHEAST FIRES:
AND WHILE MUCH OF THE COUNTRY IS SEEING COOLER AND WET CONDITIONS, THE PACIFIC NORTHWEST IS TRYING TO COPE WITH WILDFIRES. A SECOND CONSECUTIVE WEEK OF HOT TEMPERATURES AND MOSTLY DRY WEATHER GREATLY INCREASED MOISTURE DEMAND ACROSS THE REGION. THE DROUGHT MONITOR SHOWS AS OF JULY 23, OREGON HAD 13 ACTIVE LARGE WILDFIRES TOTALING MORE THAN 578-THOUSAND ACRES, WHILE WASHINGTON HAD 5 LARGE ACTIVE FIRES AFFECTING ALMOST 300-THOUSAND ACRES.
MO RELEASED:
THE CHINESE WOMAN ARREST AT THE START OF THE MONTH FOR HER ALLEGED CONNECTION TO STEALING PATENTED SEED CORN AND TRADE SECRETS FROM US... COMPANIES ARE NOW OUT ON BOND.A JUDGE SAYS MO YUN CAN BE RELEASED BUT MUST STAY IN DES MOINES...SHE'S ALSO UNDER GPS SURVEILANCE AND MUST STAY INSIDE BETWEEN 10 PM AND 7 A.M. PROSECUTORS HAD REQUESTED MO REMAIN IN CUSTODY UNTIL HER DECEMBER 1ST TRIAL DATE. HOWEVER JUDGE ROBERT PRATT SAID IN COURT DOCUMENTS THAT THE GOVERNMENT CASE APPREARS THIN AND WEAK. MO YUN IS MARRIED TO A CHINESE BILLIONAIRE AND OWNER OF THE COMPANY ACCUSED OF STEALING US SEED CORN GENETICS. HER BROTHER ROBERT MO HAS ALSO BEEN ARRESTED AND CHARGED. HE'S AWAITING TRIAL IN DES MOINES AS WELL.
SYNGENTA EARNINGS:
CLINTON…IN AGRIBUSINESS, SYNGENTA RELEASED DISSAPOINTING EARNING RESULTS WEDNESDAY.THE COMPANY IS BLAMING BAD WEATHER ON THEIR POOR PERFORMANCE, SAYING THE LATE START TO THE GROWING SEASON WEIGHED HEAVILY ON SALES. SYNGENTA SAYS NET INCOME FOR THEIR NORTH AMERICAN BUSINESS FELL 6 PERCENT. THE COMPANY'S SALES WERE STRONGER IN OTHER PARTS OF THE WORLD, UP 1 PERCENT IN EUROPE, AFRICA AND THE MIDDLE EAST. BUT IT'S LATIN AMERICA THAT'S IMPRESSIVE, WITH REVENUE CLIMBING 11 PERCENT.
DOW EARNINGS:
CLINTON…IT'S BETTER NEWS FOR DOW CHEMICAL, WHICH ALSO RELEASED ITS SECOND QUARTER EARNINGS WEDNESDAY.IT SHOWED SALES WERE UP 3 PERCENT FOR ITS AGRICULTURE DIVISION. WHILE THE COMPANY MAY BE BEATING EXPECTATIONS, OVERALL PROFITS ARE STILL SHARPLY LOWER FROM A YEAR AGO, DROPPING FROM 2 POINT 43 BILLION DOLLARS TO 967 MILLION DOLLARS.
PROFIT BRIEFING INTRO:
CLINTON…BETWEEN GOVERNMENT REPORTS, ANECDOTAL COMMENTS FROM FARMERS AND MARKET SPECULATION, THERE APPEARS TO BE A HUGE CORN CROP. ABUNDANT YIELD GUESSES ARE RUNNING RAMPANT IN THE TRADE. BUT CAN THOSE YIELD ESTIMATES REALLY SHOW-UP IN THE COMBINE MONITOR THIS FALL? IN THIS WEEK'S PROFARMER PROFIT BRIEFING, CHIP FLORY AND BRIAN GRETE DISCUSS WHAT'S HAPPENING RIGHT NOW.
TEASE:
STILL TO COME, WE'RE HEADED OUT ON A BARN TOUR TO SEE A GREAT AMERICAN BARN IN NORTHWEST ILLINOIS.
ITC VETS UNEMPLOYMENT:
CLINTON…AS COMBAT OPERATIONS IN AFGHANISTAN WIND DOWN, TENS OF THOUSANDS OF SERVICE MEMBERS FACE A DAUNTING REALITY AN UNEMPLOYMENT RATE FOR VETERANS THAT IS HIGHER THAN THE NATIONAL AVERAGE…ONE ARMY VETERAN TURNED A HOBBY INTO AN OPPORTUNITY. ALEX SANZ HAS OUR STORY.
ITC TAGS:
CLINTON…THANKS ALEX. UP NEXT, FOOD AND YOUR FAMILY AND A LOOK AT A GREAT AMERICAN BARN…WE'LL BE RIGHT BACK.
ORGANIC CLAIMS:
IN FOOD AND YOUR FAMILY, IT MAY SEEM EVERWHERE YOU GO THE LABEL ORGANIC IS ON STORE SHELVES OR MENUS. BUT NEW RESEARCH SHOWS RESTAURANT OWNERS ARE LOSING THEIR APPETITE OF PROMOTING ORGANIC.
GAB TAG:
 OUR THANKS TO THE WHITESIDE COUNTY, ILLINOINS FARM BUREAU FOR HOSTING THEIR BARN TOUR WHERE WE DID THAT STORY WITH THE ZIEGLERS. WE'LL HAVE MORE BARNS FROM THAT TOUR IN THE COMING WEEKS. AND WE'D LOVE TO SHOWCASE YOUR BARN ON AGDAY AS WELL! SEND US A PICTURE OR TWO OR THREE TO THE ADDRESS ON YOUR SCREEN. YOU CAN ALSO EMAIL THE PICS AND BARN INFO TO "GREAT AMERICAN BARNS AT AGDAY DOT COM".
CLOSE:
CLINTON…THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND OUR PARTNERS AT PROFARMER. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
STATION PROMO:
COMING UP MONDAY ON AGDAY - OUR EXPERTS WILL ANALYZE THE LATEST CATTLE ON FEED FIGURES. MIKE HOFFMAN HAS YOUR WEEKLY WEATHER OUTLOOK FOR FARM COUTNRY. PLUS MACHINERY PETE CHECKS IN WITH THE LATEST EQUIPMENT DEALS. JOIN US MONDAY - ONLY ON AGDAY.
 
 
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