Good morning I’m Clinton Griffiths. Payouts for crop insurance could hit a record level this year.
There’s improvement this week in the U.S. drought monitor. The nation's overall drought picture is down a bit. The national drought mitigation center says there was an improvement in every drought category.
CALIFORNIA DAIRY FEED COSTS:
In the nation's top dairy state, producers hit the picket lines yesterday. California dairymen are upset over milk prices. Unlike other states, California is not under the federal milk order. They have their own pricing system, so their payments are lower. Combine that with drought-driven higher feed costs - and it's been a tough year. AgDay’s Michelle Rook has our story.
Cindi Clawson is filling in for Mike Hoffman this morning. She has today's crop watch.
This afternoon, USDA releases its monthly cattle on feed report. In advance of that report, live cattle futures have recently rallied higher. Profarmer Editor Chip Flory and Senior Market Analyst brain Grete join us from the Profarmer studios to look at the potential for cashing-in. The Profarmer newsletter comes out later today. Chip,Brian and the team will have the first look at 2013-14 supply & demand tables. Widespread rains boost soil moisture, but long-term outlook shows limited hope for drought relief and Chinese economic data hints that the worst is in the past.
FOOD FOR ALL:
Today we wrap up our profiles of national FFA's Food For All project with a trip to the sooner state. Checotah Oklahoma may be known as the home of Carrie Underwood, but the town's current FFA chapter is making a name of its own...for its fight against hunger. Tyne Morgan takes us to that small Oklahoma community where a diverse population of students are proving eager to learn and grow. FFA: Food For All grants are now available for a second year. To view the grant application, go to FFA.org. And for those of you headed to the national convention next week in Indianapolis, have a safe trip getting there and enjoy the experience.
WORLD FOOD PRIZE:
Also in the fight against hunger, there is no greater honor than the world food prize.
That even is taking place this week in Des Moines, Iowa. Leaders from countries, agribusiness, and humanitarian charities are on hand to discuss the feeding of nearly one billion hungry people. Last night, scientist Daniel Hillel was honored as this year's world food prize winner. He is recognized for his efforts in micro or drip irrigation and its impact on farming in arid lands.
CALIFORNIA WALNUT HARVEST:
Walnut harvest is now underway in California, it appears there'll be no shortage this year.