AgDay Daily Recap -September 12, 2017

September 12, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
SEPTEMBER 12, 2017


HEADLINES
CASH RENTS AND A CHECK ON THE RESILIENCY OF THE FARM ECONOMY. IN AGRIBUSINESS... WHAT TO EXPECT FROM USDA. THE DAIRY REPORT...SURVEYS THE DAMAGE THE FROM HURRICANE IRMA. AND AG TECH IS FLYING HIGH IN  CAMBODIA. THE BENEFITS AND CHALLENGES OF  USING DRONES IN SOUTH EAST ASIA. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

CASH RENTS, FARM ECONOMY
GOOD MORNING I'M CLINTON GRIFFITHS. USDA IS HEADING INTO LOCK-UP THIS  MORNING AS THE NATIONAL AG STATISTICS SERVICE PREPARES ITS MONTHLY  SUPPLY AND DEMAND DATA AND LATEST CROP PRODUCTION ESTIMATES. WE'LL  HAVE THOSE NUMBERS ON AGWEB-DOT-COM SHORTLY AFTER THE RELEASE AT  ELEVEN A-M CENTRAL TIME. MEANWHILE 'NASS' JUST OUT WITH ITS LATEST CASH RENTS REPORT. IT SHOWS  THE AVERAGE CROPLAND CASH RENT AT ONE-HUNDRED-36 DOLLARS AN ACRE.  THAT'S UNCHANGED FROM THE PREVIOUS YEAR. THE NATIONAL AVERAGE RENT PEAKED IN 2015 AT ONE-HUNDRED-44 DOLLARS AN  ACRE. ACCORDING TO OUR PARTNERS AT LAND-OWNER NEWSLETTER, THERE WAS  WEAKNESS IN THE CORN BELT STATES AS ILLINOIS, IOWA, MINNESOTA AND  NEBRASKA ALL SAW THREE-TO-FIVE DOLLAR-PER ACRE DECLINES. AS WE MENTIONED-- USDA IS REVISING IT'S NET FARM INCOME FORECASTS,  PUTTING IT IN THE GREEN, UP 13 PERCENT FROM LAST YEAR. MUCH OF THAT  GROWTH COMING FROM THE LIVESTOCK SECTOR NOT GRAINS.  DESPITE 2017 TURBULENCE, ECONOMISTS CONTINUE TO BE IMPRESSED BY  RESILIENCY ON THE FARM.   TYNE MORGAN REPORTS. THE GRIM OUTLOOK ON THE FARM ECONOMY IS A BROKEN RECORD FOR  FARMERS, WITH  FOUR STRAIGHT YEARS OF NEGATIVE NET FARM INCOME. . BUT  AFTER MULTIPLE YEARS OF DECLINING CASH FLOW, SIGNS ARE MODESTLYU  POINTING UP.  "I THINK IT'S PROBABLY BETTER THAN WE EXPECTED LAST YEAR, BUT STILL NOWHERE NEAR  WHERE WE WANT IT TO BE." JACKSON TAKACH IS AN ECONOMIST FOR FARMERMAC. IN THE LATEST  QUARTERLY EDITION OF THE FEED, FARMER MAC REVEALING LIVESTOCK  PRODUCERS FAIRING BETTER THAN THEIR GRAIN COUNTERPARTS SO FAR IN  2017."IF YOU LOOK AT THE DAIRY INDUSTRY, IF YOU LOOK AT THE CATTLE INDUSTRY HOGS  POULTRY ALMOST IN THE LIVESTOCK SECTORS, CASH RECEIPTS LOOK TO BE UP THIS YEAR COMPARED TO 16;  MUCH HIGHER THAN WE EXPECTED AT THE BEGINNING OF THE YEAR." FARMERMAC SAYS  DESPITE THE CRUMBLING CORN PRICES, THE OVERALL AG  ECONOMY IS SHOWING SIGNS OF REBOUNDING.  "I THINK WE'RE ON OUR WAY. I DO THINK THAT THE DECLINES IN NET FARMING INOME HAVE  STARTED TO LEVEL OFF ; WE SAW A BOUNCE THIS YEAR IN NET FARM INCOME AND NET CASH INCOME IS  WHAT WE'RE EXPECTING.  SO MAYBE WE'RE CLOSE TO THAT BOTTOM NOW."BUT IT'S THOES FARMING AREAS HEAVILY RELIANT UPON ROW CROPS STILL  SHOWING STRESS.  "IN OUR AREA, I PROJECT WE'RE GOING TO SEE FLAT INCOMES, AT BEST. OBVISOULY THERE'S GOING TO BE  SOME OUTLIARS, BUT IN CONTRACST, I'D SAY WE ARE LOOKING AT FLAT INCOMES IN CONTRAST TO LAST YEAR." HOSKINS SAYS THE YIELD STORY IS STILL UNWRITTEN, BUT ONCE COMBINES  ALL THIS FALL, A MORE ACCURATE FINANCIAL PICTURE WILL BE PORTRAYED.  "WE'RE DEFINITELY SEEING SOME PEOPLE THAT ARE GOING THROUGH SOME STRESS FINANCIALLY, NO QUESTIONS, IT HINK ONE OF THE THINGS WE ARE LOOKING FOR IS THE STRESS IN  WORKING CAPITAL." HOSKINS SAYS AFTER HARVEST, WHEN PRODUCERS PUSH THE PENCIL TO PAPER,   IF RED IS THE FINAL NUMBER, CONVERSATION IS KEY.  "DON'T BE AFRAID TO HAVE HTAT CONVERSATION WITH YOUR LENDER, WITH YOUR  SPOUSE, WITH THE PERSON HELPING YOU WITH MARKETING BECAUSE JUST BECAUSE IT DOESN'T PENCIL  OUT THIS YEAR, CANDIDLY, THERE WERE OPERATIONS THAT RAN INTO SITUATIONS THIS YEAR, WHERE IT DIDN'T  PENCIL OUT" HOSKINS SAYS IN SOME CASES, THERE'S STILL ENOUGH WORKING CAPITAL  RESERVE TO STILL OFFSET DOWN YEARS.BUT IT'S THAT WORKING CAPITAL THAT'S HELPED MANY PRODUCERS SURVIVE  THE ECONOMIC HEADWINDS."THAT'S THE SURPRISING FACTOR IN THIS. DELINQUECINES ARE UP. BAKFUPTRICES OR  FLORECLOSURES ARE UP, BUT  NOT WHAT YOU'D EXPECT. WE'VE HAD FOUR STRARIGHT WE'VE HAD FOUR  STRAIGHT YEARS OF DECLINING INCOME.""THE DELINQUENCY RATES ARE STILL VERY LOW. I WOULD HAVE EXPECTED MORE OF A  MOVEMENT IF WE WERE GOING TO HAVE A REALLY SIGNIFICANT DOWNTURN IN THE FARM FINANCIAL SECTOR.  SO THEY'RE STILL PRETTY LOW HISTORICALLY, BUT THEY ARE UP FROM THE FROM ABSOLUTE LOWS THAT WE  SAW BACK WHEN 2016, SO THAT WAS KIND OF THE BOTTOM OF THE LEVEL OF DELINQUENCIES AT BANKS  AND FARM CREDITS. SO IT'S UP A LITTLE BIT BUT IT'S NOT UP DOUBLE OR TRIPLE THE LEVELS THAT WE SAW  MAYBE IN 2009 DURING THE FINANCIAL CRISIS AND THE GREAT RECESSION. SO WE'RE NOT SEEING ANY  SORT OF JUMPS LIKE WE DID BACK THEN. SO I THINK THAT'S A PRETTY POSITIVE SIGN LOOKING FORWARD. THAT RESILLIENCY IS ONE REASON TAKACH HAS A SLIGHTLY MORE POSITIVE  OUTLOOK ON THE FARM ECONOMY. WELL I'VE GOT TO GIVE THE ECONOMY SOMEONE LIKE A B-MINUS MAYBE UPGRADED FROM A  C EARLIER THIS YEAR JUST BECAUSE WE HAVE SEEN THE LIVESTOCK THAT THAT HALF OF THE AG SECTOR IS DOING MUCH BETTER THAN WE EXPECTED SO THEY'RE KIND OF RAISING THE TIDE A LITTLE BIT. > WHILE GOSS FORSEES CONTINUED PAIN FOR PRODUCERS FOR NEXT FEW  MONTHS , IT'S THE START OF A NEW CALENDAR YEAR THAT COULD BRING A  FRESH START, IMPROVING FROM HIS C-GRADE TODAY.  "WHEN YOU PUT LIVESTOCK IN WITH GRAINS, IT GETS BETTER. AND THAT C I  EXPECT TO MOVE UP TO B BY THE QUARTER 1 OF 2018." DESPITE THE UNCERTAINTY SURROUNDING TRADE, GOSS LIKES WHAT HE SEES  REGARDING EXPORTS. THAT'S WHY HE THINKS A FALLING U-S DOLLAR CAN HELP  DRIVE IMPROVED AG CONDITIONS INTO THE NEW YEAR. THANKS TYNE.

CROP PROGRESS
USDA'S LATEST CROP PROGRESS REPORT SHOWS THE MIDWEST CORN CROP IS  STILL LAGGING BEHIND. 21-PERCENT IS MATURE - 10 POINTS BEHIND THE FIVE YEAR AVERAGEILLINOIS AND MINNESOTA ARE 15 POINTS BEHIND. IOWA AND MISSOURI ARE BOTH 13 POINTS BEHIND. FIVE PERCENT IS HARVESTED. A POINT BEHIND AVERAGE. THE OVERALL CONDITION IS UNCHANGED WITH 61-PERCENT GOOD-EXCELLENT. LOOKING AT COTTON - THE OVERALL CONDITION RATING DROPPED TWO POINTS  WITH 63-PERCENT GOOD TO EXCELLENT. TEXAS SEEING A FOUR POINT DROP THIS WEEK. OKLAHOMA COTTON WITH A SEVEN POINT DROP. BUT STILL 90-PERCENT IS RATED GOOD TO EXCELLENT. THE FIRST HARVEST NUMBERS ARE OUT - HITTING NINE-PERCENT. FIVE POINTS  AHEAD OF AVERAGE. COTTON IN SOUTHERN ALABAMA IS GETTING HIT BY IRMA.

CROP COMMENTS
MIKE HOFFMAN HAS AN UPDATE IN CROP COMMENTS THIS MORNING.  GOOD MORNING, CLINTON.  HERE'S A PICTURE OF IRMA'S IMPACT ON SOUTH ALABAMA MONDAY MORNING.  OPEN COTTON WILL BE HURT THE WORST BY THE STORM AND WIND. COTTON  WHICH HASN'T OPENED HAS A BETTER CHANCE OF PRODUCING.  OUR NEXT PICTURE COMES FROM HAWKINSVILLE, GEORGIA.  TREY DUNAWAY SAYS A BREAKDOWN ALWAYS HAPENS ON THE LAST 100 ACRES  WITH A HURRICANE COMING.  THANKFULLY, HE GOT BACK UP AND RUNNING AND FINISHED HIS CORN HARVEST  RIGHT BEFORE IRMA HIT. AND NOW HERE ARE SOME HOMETOWN TEMPS.  THE LOCAL WEATHER CAN HAVE A BIG IMPACT NOT ONLY ON YOUR DAY, BUT ALSO ON YOUR CROPS.  START YOUR DAY OFF RIGHT WITH YOUR LOCAL FORECAST DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT  WEATHER TO 31313 TO GET STARTED!

JOSELY BATISTA ARRESTED
JOSELY BASTISTA - THE FORMER CHAIRMAN OF J-B-S MEAT - HAS TURNED  HIMSELF INTO POLICE IN BRAZIL AFTER THE COUNTRY'S SUPREME COURT  ORDERED HIS ARREST. BATISTA'S TESTIMONY IMPLICATED BRAZIL'S PRESIDENT OF CORRUPTION. UNTIL NOW, BATISTA AVOIDING PROSECUTION UNDER A PLEA BARGAIN -- WHERE  HE DESCRIBES HOW JBS BRIBED DOZENS OF POLITICIANS, INCLUDING  PRESIDENT MICHEL TEMER. BUT BRAZIL'S CHIEF PROSECUTOR SAYS HE'S INVESTIGATING WHETHER BATISTA  LEFT-OUT INFORMATION FROM HIS TESTIMONY, REVOKING THE DEAL WITH  PROSECUTORS. EARLIER THIS YEAR, PRESIDENT TEMER WAS CHARGED WITH CORRUPTION FOR  ALLEGEDLY ORCHESTRATING A SCHEME IN WHICH HE WOULD GET MILLIONS OF  DOLLARS IN PAYOUTS FOR HELPING JBS RESOLVE A BUSINESS ISSUE. BRAZIL'S PROBE INTO BRIBES AND KICKBACKS BETWEEN COMPANIES AND  POLITICIANS, KNOWN AS OPERATION CAR WASH, CONTINUES TO CHURN OUT  NEW ALLEGATIONS. 

TEASE
AT NOON EASTERN USDA DROPS IT'S SEPTEMBER PRODUCTION REPORT. WE'LL HAVE A PREVIEW COMING IN ANALYSIS. AND LATER, LEARNING TO FLY IN CAMBODIA--THESE DRONES ARE HELPING LOCAL  AGRICULTURE WITH A FRESH PERSPECTIVE.

FLOOR OF THE CME
IN AGRIBUSINESS COTTON WAS DOWN BUT THE STOCK MARKET WAS HIGHER  DURING EARLY TRADE. LETS SEE HOW THE CME CLOSED MONDAY. A COUPLE OF FACTORS AT PLAY IN THE CORN MARKET THE BIG YIELD ESTIMATE FROM THE USDA WILL BE  THE KEY FOR TUESDAY'S UPDATE. KEEP IN MIND LAST MONTH ILLINOIS AND IOWA CORN FIELDS WERE  PEGGED AT 1 88 BUSHELS PER ACRE. NOW A LOT OF THE PRIVATE SURVEYS WE'VE SEEN ARE RANGING FROM 177 TO ONE EIGHTY FOUR BUSHELS PER ACRE. IF WE GET A THREE OR FOUR BUSHEL PER ACRE DROP  IN U.S. YIELD AND WE TRANSLATE THAT DOWN INTO THE WORLD NUMBERS COULD END UP WITH THE WORLD ENDING STOCK NUMBER NEAR 192 MILLION TONS FOR THE COMING YEAR. WE'RE CURRENTLY USDA IS AT A  RECORD HIGH 228 MILLION FOR BEGINNING STOCKS. THAT WOULD BE ONE OF THE BIGGEST DRAW DOWNS  IN WORLD ENDING STOCKS ON RECORD. SIMILAR TO 1988 AND THE MARKET COULD HAVE SOME PRETTY  GOOD ENERGY AFTER THE USDA REPORT ON TUESDAY. THANK YOU. THIS TERRY ROGENSACK FROM THIS  CME GROUP GRAIN FLOOR. 

AGRIBUSINESS
LATER TODAY, THE USDA WILL RELEASE IT'S SEPTEMBER CROP PRODUCTION  REPORT. TYNE MORGAN JOINS WITH A PREVIEW AND TODAY'S ANALYSIS. HERE NOW WITH ARLEN SUDERMAN WITH FC STONE INTL YOU KNOW WE HAVE THIS NEXT USDA  REPORT COMING OUT THE LAST USDA REPORT PRETTY ALARMING WITH THE 169.5 IT YIELDS I MEAN JUST  OVERALL HIGHER PRODUCTION THAN EXPECTED. WHAT WOULD BE BULLISH OR BEARISH IN THIS NEXT REPORT. WELL I THINK TO ANSWER THAT QUESTION YOU HAVE TO LOOK AT WHAT'S THE ATTITUDE OF THE FUNDS  TOWARD THE COMMODITIES. AND RIGHT NOW IT'S VERY FAVORABLE. I LIKE WHAT I SEE IN MONEY FLOW  TOWARD THE COMMODITIES. I LIKE BRENT CRUDE OIL OVER $53 WITH WTI NOW TRYING TO CATCH UP.  THAT'S AN INDICATOR HOW THE FUNDS FEEL TOWARD THE COMMODITIES RIGHT NOW. SO THAT MEANS AS  LONG AS WE DON'T SEE USDA RAISE THEIR YIELD ESTIMATES THAT TELLS THEM THE WORST OF THE SUPPLY  NEWS IS BEHIND US AND WE CAN MOVE FORWARD START FOCUSING ON DEMAND WHICH FOR BEANS IS  PARTICULARLY POSITIVE. BUT I THINK THAT'S WHAT THEY'RE WATCHING FOR. NO MORE BEARISH NEWS NO  MORE INCREASES IN YIELD. SO BOTH CORN AND BEANS IF WE SHAVE ONE BUSH WILL TWO BUSHEL THREE BUSHEL. IT DOESN'T MATTER  YOU THINK SHADING ANY YIELD OFF IS POSITIVE. YEAH I DO. NOW KEEP IN MIND THAT THE ALGORITHMIC TRADERS AS COMPUTERS ARE GOING TO BE  LOOKING AT THE ESTIMATES THAT ARE RELEASED PROGRAMMING IF IT COMES ABOVE OR BELOW THAT'S  WHAT INITIALLY GETS TRADED. BUT AFTER THAT INITIAL TRADE THE HUMANS TAKE OVER. AND I THINK THAT'S  THE SENTIMENT OVERALL THOUGH WE STILL HAVE THESE BIG BIG BIG STOCKS. YOU KNOW THAT'S KIND OF WEIGHING ON  PRICES. SO AND WE HAVEN'T HAD A LOT OF INCENTIVE TO SELL RECENTLY SO DO YOU THINK THAT STOCKS  STILL KIND OF TEMPERS ANY TYPE OF RALLY THAT WE COULD HAVE OR NOT. YEAH I DO. AND IT'S NOT A BULLISH SCENARIO BUT IT'S A CASE WHERE THE 2017 LOWS WERE HIGHER  THAN THE 2016 LOWS THE 2018 LOWS ARE PROBABLY HIGHER THAN THE 2017 BULL MARKET START VERY  SLOWLY AND THEY START BUILDING MOMENTUM THIS IS GOING TO TAKE SOME TIME. BUT I DO THINK WE'LL BE A LITTLE BIT BETTER WHAT'S THE KEY PRICE POINT THAT WE NEED TO BREAK  THROUGH ON BOTH CORN AND BEANS FOR YOU TO SAY. ALL RIGHT. THIS WAS A KEY RESISTANCE AND WE'RE  MOVING HIGHER WELL WITH CORN ANYTIME YOU CAN GET ABOVE $4. WE'RE A LITTLE WAYS AWAY FROM THAT YEAH.  SOYBEANS $10 IS A BIG ONE. AND THEN ABOVE 10 50 YOU GET START GETTING SOME MOMENTUM. THE LIKELIHOOD THAT WE WILL BREAK THROUGH THOSE LEVELS I THINK IT WILL TAKE SOME TIME AND IT  DEPENDS ON THE SIZE OF THE CROP. BUT I DO THINK THAT IS A POSSIBILITY YES.  ALL RIGHT. ARLEN  SUDERMAN THANKS SO MUCH FOR JOINING US. STAY WITH US. WE HAVE MUCH MORE AGDAY WHEN  WE COME BACK. CONTACT ARLAN SUDERMAN BY EMAIL: ARLAN.SUDERMAN@INTLFCSTONE.COM.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT THESE COUPLE OF  SYSTEMS WE HAVE ON THE MAP HERE AND THE REMNANTS OF HURRICANE IRMA REALLY LOOKS LIKE  THEY'RE WORKING THEIR WAY NORTH. YEAH IT DOES AND IT'S GOING TO BE ENDING UP IN THE CENTRAL MISSISSIPPI VALLEY AND THEN FINALLY TAKING OFF TOWARD THE NORTHEAST AMOUNTS WILL GET LIGHTER  AND LIGHTER AS AS WE MOVE THROUGH TIME THOUGH. AND SO AS IRMO WINDS DOWN WE HAVE TO  TAKE A LOOK AT JOSE OUT IN THE ATLANTIC. NOW I'VE BEEN OUT IN THE ATLANTIC FOR ABOUT A WEEK NOW BUT IT'S FINALLY SHOWING UP ON OUR WEATHER MAP IT'S INTERESTING AND IS NOW MOVING EASTWARD IS  BEING PULLED EAST BY THIS COLD FRONT. IT'S GOING TO KIND OF DO A LOOP AND THEN START TO COME  BACK NORTHWESTWARD AGAIN BY THIS WEEKEND. AND SO IT'S SOMETHING WE HAVE TO WATCH ALONG  THE EAST COAST AS WE HEAD THROUGH TIME. BUT FOR NOW IT'S KIND OF SITTING OUT THERE SPINNING ITS  WHEELS. THE REMNANTS OF IRMA THOUGH THERE'S A HEAVY RAIN IN PLACES CENTRAL MISSISSIPPI  VALLEY WESTERN OHIO VALLEY WESTERN TENNESSEE VALLEY BY LATER ON TODAY. THERE'S REALLY NOT  MUCH ELSE ON THE MAP SOME WEAK COOL FRONTS IN THE NORTHERN TIER STATES THE TYPICAL AREA OF  LOW PRESSURE SO THE AFTERNOON SHOWERS AND STORMS IN PARTS OF THE SOUTHWEST HEADING AS WE  HEAD THROUGH TONIGHT. ENDING SEE THE REMNANTS OF IRMAK CONTINUES TO MOVE NORTH WESTWARD  ENDS UP KIND OF STALLING OUT OVER THE BOOT HEEL OF MISSOURI. IT LOOKS LIKE BEFORE IT STARTS TO GET  PICKED UP BY THE JET STREAM AND IT STARTS TO TRACK OFF TOWARD THE NORTHEAST AND THAT WILL BE  DURING THE DAY TOMORROW. YOU CAN SEE THOUGH THE AMOUNTS OF RAIN PROBABLY GOING TO BE A LOT  LIGHTER WITH THIS ONE THAN WE'VE SEEN OF SOME OTHER SYSTEMS THAT COME ROARING UP. IT LOOKS  LIKE THIS ONE WILL BE RAINING ITSELF OUT OVER TIME BUT THERE COULD STILL BE A COUPLE OF INCHES IN  PLACES IN THE OHIO VALLEY. SO THAT'S SOMETHING WE DO HAVE TO WATCH. THERE'S A PRECIPITATION  ESTIMATES OVER THE PAST 24 HOURS. ADDING ON THE NEXT 36 HOURS WHAT WE'RE GOING TO NOTICE  ONCE WE SEE IT ALL GET ON THE MAP HERE IS IT REALLY DOESN'T PUT DOWN A WHOLE LOT INTO THE LOWER  GREAT LAKES AT LEAST THROUGH 7:00 P.M. WEDNESDAY NOW IT'LL WILL ADD A LITTLE BIT MORE AFTER THAT  BUT EVEN AMOUNTS IN THE AREAS WHERE IT TRACKS OUR COMPUTER MODELS ONLY SHOWING ONE TO  TWO INCHES OF RAIN. SO THAT COULD BE GOOD. A LOT BETTER THAN SOME SYSTEMS ANYWAY. LOOK AT  THE HIGHS UNDERNEATH ARE MILD IN THE 60S TODAY 90S THOUGH INTO THE DAKOTAS. LOW  TEMPERATURES AND I GET TO DROP INTO THE 60S UP AND DOWN THE COUNTRY FROM THE GREAT LAKES  ALL THE WAY TO THE GULF COAST AND THEN HIGHS TOMORROW ONCE AGAIN UNDER IRM IN THE 60S BUT  TO THE WEST OF THAT 80S AND 90S SOME TRIPLE DIGITS SHOWING UP IN A FEW SPOTS IN THE DESERT  SOUTHWEST. THAT'S ALL BECAUSE OF THAT RIDGE THERE IS THE REMNANTS OF IT KIND OF FOLDS INTO THE  MAIN JET STREAM AS YOU CAN SEE THERE OVER TIME. AND WE GET A TROUGH OUT WEST WITH A RIDGE IN  THE EAST AND THAT CHANGES THINGS A LITTLE BIT AS FAR AS TEMPERATURES GO IT STARTS TO WARM UP IN  THE EASTERN PARTS OF THE COUNTRY. THAT'S A LOOK ACROSS COUNTRY. NOW LET'S TAKE A LOOK AT SOME  LOCAL FORECASTS. WELL FIRST HEAD TO CASPER WYOMING PARTLY SUNNY VERY WARM. HIGH  TEMPERATURE OF 90 DEGREES TODAY. POPLAR BLUFF MISSOURI. THERE'S A REMNANTS OF IRM AT TIMES  OF RAIN MOSTLY LIGHT RAIN THOUGH. HIGH OF ONLY 67 ELMIRA NEW YORK MOSTLY SUNNY AND NICE HIGH  OF 81.

TEASE
WHEN WE COME BACK, WE'LL TALK ABOUT THE IMPACTS OF IRMA ON THE DAIRY  INDUSTRY IN OUR DAIRY REPORT. AND LATER, WHILE U.S. FARMERS CONTINUE TO GET MORE COMFORTABLE WITH  DRONE TECHNOLOGY. IT'S A NEW PERSPECTIVE FOR THESE FARMERS IN CAMBODIA.

DAIRY REPORT
THE DAIRY REPORT ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40 YEARS, QLF HAS BEEN PROUD  TO SUPPORT AMERICAN FARMERS THAT FEED THE WORLD.  MUCH OF FLORIDA IS STILL IN RECOVERY MODE FOLLOWING THE COAST-TO- COAST PUMMELING.   IRMA MADE LANDFALL TWICE. ACCORDING TO OUR PARTNERS AT THE PACKER, THE STORM CAUSED STILL- UNKNOWN DAMAGE TO FLORIDA'S CITRUS AND VEGETABLE CROPS. AND WITH  SEVEN MILLION PEOPLE WITHOUT POWER, COMMUNICATION HAS BEEN LIMITED. IRMA IS ALSO LEAVING ITS MARK ON THE FLORIDA DAIRY INDUSTRY.  FLORIDA FARM BUREAU TELLING MIKE ADAMS OF AGRITALK THAT A DAIRY BARN  COLLAPSED EAST OF TAMPA DUE TO HIGH WINDS. "HC DAIRIES IN LAKELAND HAD A BARN COLLAPSE AND TRAPPED SOME CATTLE UNDERNEATH. THEY'RE  WORKING TO GET THOSE AND RESCUE THOSE ANIMALS, JUST A LOT OF DISTRUCTION AS YOU WOULD EXPECT  WITH THE HURRICANE, IT'S TERRIBLE,"FLORIDA FARM BUREAU WILL HAVE A BETTER IDEA OF THE DAMAGE TO THE AG  INDUSTRY LATER IN THE WEEK.  WITH THE SO CALLED DREAMERS EXPECTING IMMIGRATION ACTION FROM  CONGRESS, THE FARM INDUSTRY CONTINUES TO ASSESS IT'S OWN  VULNERABILITY. ACCORDING TO A REPORT FROM FARM CREDIT EAST-- IF THE FEDERAL  GOVERNMENT MOVES TOWARD STRICT ENFORCEMENT AND DEPORTATION OF  ILLEGAL WORKERS-- IN THE STATE OF NEW YORK ALONE, 11-HUNDRED FARMS  WOULD EITHER GO OUT OF BUSINESS OR SIGNIFICANTLY REDUCE OPERATIONS. THE STUDY AUTHORS ADMIT IT'S A WORSE CASE SCENARIO BUT ADD THAT STRICT  ENFORCEMENT COULD CUT AG OUTPUT BY A QUARTER OR NEARLY 1 POINT 4  BILLION DOLLARS.  1 MILLION ACRES COULD DROP OUT OF PRODUCTION AND ULTIMATELY IMPACT 50- THOUSAND JOBS BOTH ON AND OFF THE FARM. OPINIONS CONTINUE TO POUR IN ON THE U.S. KOREA FREE TRADE AGREEMENT. THE ADMINISTRATION RECENTLY ANNOUNCING PLANS TO RENEGOTIATE OR EVEN  LEAVE THE DEAL. ON THE DAIRY SIDE, THE U.S. DAIRY EXPORT COUNCIL SAYS SOUTH KOREA IS  ALREADY AMERICA'S NUMBER 2 CHEESE EXPORT MARKET...SHIPPING NEARLY 94  MILLION POUNDS IN 2016. AND THEY ESTIMATE TRADE TO CONTINUES RISING UP NEARLY 30 PERCENT  MORE IN THE NEXT FIVE YEARS. SINCE THE KORUS AGREEMENT STARTED IN 2012 --- CHEESE EXPORTS TO SOUTH  KOREA ARE UP 250-PERCENT--BEEF IS 60 PERCENT HIGHER. AND THE NATIONAL MILK PRODUCERS FEDERATION IS TAKING A STAND ON SCARY  MARKETING AT THE GROCERY STORE. THEY SAY THINGS LIKE NON-GMO OR HORMONE FREE LABELS ARE MEANT TO  SCARE CONSUMERS. THAT'S WHY THEY'RE LAUNCHING THE PEEL BACK THE LABEL CAMPAIGN. IT USES EXAMPLES LIKE TABLE SALT LABELED AS GMO-FREE--WHEN GM SALT  ISN'T EVEN POSSIBLE. READ MORE AT PEEL BACK THE LABEL DOT ORG.

TEASE
UP NEXT - WE HEAD TO THE DRONE ZONE TO SEE HOW THIS AG TECHNOLOGY IS  SLOWLY GAINING ACCEPTANCE IN THE THIRD WORLD.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  LEARN MORE ABOUT  KUBOTA SSV SERIES SKID STEERS AT KUBOTA.COM. OR DEMO ONE AT YOUR  LOCAL KUBOTA DEALER TODAY. WHILE DRONE USE HAS GROWN LEAPS AND BOUNDS IN THE U-S, THE AG- TECHNOLOGY IS JUST GAINING ATTENTION IN SOUTHEAST ASIA.  AND THERE'S  HOPE THE DRONES COULD HELP PROTECT FARM WORKERS FROM GETTING  SPRAYED WITH PESTICIDES. CAMBODIAN FARMERS OFTEN USE NO PROTECTIVE GEAR WHEN WALKING THEIR  FIELDS AND SPRAYING THEIR CROPS WITH POTENTIALLY HAZARDOUS  CHEMICALS.  CAMBODIA'S FIRST COMMERCIAL DRONE COMPANY, S-M WAYPOINT, IS OFFERING  FARMERS HIGH-TECH SOLUTIONS TO AVOID ACCIDENTALLY EXPOSURE TO  PEOPLE....AND INCREASE THEIR YIELDS. HOWEVER RESISTANCE TO MODERN TECHNOLOGIES LIKE DRONES IN FAVOR OF  TRADITIONAL FARMING PRACTICES REMAINS A BIG CHALLENGE.  "THE CONTAINER IS FOR AERIAL  APPLICATION OF FLUIDS. IT CAN, IT CAN CONTAIN PESTICIDES, FERTILISERS, ANYTHING YOU WOULD SPRAY, WITH A HUMAN WALKING THROUGH THE FIELDS WITH A PACK ON HIS BACK, VERY VERY DANGEROUS  APPLICATIONS OF PESTICIDES, THIS CAN DO MUCH, MUCH SAFER."> IN ADDITION TO THE QUAD COPTER THE COMPANY ALSO USES A FIXED-WING  DRONE WHICH CAN MEASURE THE VEGETATION INDEX. THE COMPANY CHARGES FOUR-DOLLARS PER HECTARE TO ANALYSE . BUT THEY  CLAIM THE TECHNOLOGY WILL HELP IMPROVE THE VALUE OF YIELDS BY TWENTY  DOLLARS PER HECTARE. BUT DESPITE THE INCREASED YIELDS AND PROFITS, THE UPFRONT COSTS  INVOLVED MEANS DRONES ARE NOT AFFORDABLE FOR MOST SMALL FARMERS IN  CAMBODIA. AND IF YOU ENJOY USING NEW TECHNOLOGY ON YOUR FARM, BE SURE TO MAKE  PLANS TO ATTEND THE FARM JOURNAL AG-TECH EXPO COMING UP DECEMBER  11TH-THRU-13TH IN INDIANAPOLIS. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT  DAY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS. 

 

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