AgDay Daily Recap - October 20, 2017

October 20, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 20, 2017


HEADLINES
THE WHITE HOUSE SAYS NAFTA ISN'T DEAD YET, THAT'S  AS A CANADA MAKES ITS CASE FOR PROTECTING  DOMESTIC DAIRY.  AS CROP PRICE STAY STAGNANT, A GROWING THREAT  FOR AG BANKERS IS FARM FORECLOSURES.  IN AGRIBSUINESS. USING STAGNANT PRICES TO YOUR  ADVANTAGE WHEN MARKETING GRAIN.  <WHEN MARKETS TRADE SIDEWAYS THE VOLATILITY ON OPTIONS  HISTORICALLY IS LOW> AND THE FOCUS OF THIS WEEK'S FARM SENSE IS  FAMILY... STEPPING BACK AT HARVEST TO CHERISH THE  TIME WITH BOTH THE YOUNG AND OLD.  AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR  HIGH-STRENGTH DEPENDABILITY.

RURAL MAINSTREET INDEX
GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. THE LATEST RURAL MAINSTREET INDEX  REVEALING A TENTH OF AG BANKERS THINK THE  GREATEST BANKING THREAT THAT EXISTS TODAY IS  FARM FORECLOSURES.  THE RMI BECOMING A BROKEN RECORD-- WITH THE  OVERALL INDEX REMAINING BELOW GROWTH NEUTRAL. BUT A BRIGHT SPOT IN THE OCTOBER READING IS THE  OVERALL INDEX SAW A SLIGHT IMPROVEMENT, JUMPING  TO 45 POINT 3  FROM THE 39 POINT 6 IN SEPTEMBER. CREIGHTON UNIVESRITY ISSUES THE RMI EACH MONTH,  WHICH IS A SURVEY OF AG BANKERS IN A 10-STATE  REGION. EVERY STATE OTHER THAN MISSOURI SHOWED A  BETTER RMI READING IN OCTOBER.  BUT IT'S THE STRUGGLIGN FARM ECONOMY DUE TO  STAGNANT CROP PRICES ACTING AS A WET BLANKET ON  THE OVERALL RMI. THE SURVEY SHOWED ALMOST ONE IN TEN BANKERS  EXPECT FARM FORECLOSURES TO BE THE GREATEST  CHALLENGE TO BANKING OPERATIONS THE NEXT 5  YEARS. BUT IT'S BANKRUPTCY AND DELINQUECY RATES  THAT HAVE REMINED RELATIVELY LOW.   THAT'S THE SURPRISING FACTOR IN THERE, THAT  DELINQUENCIES ARE UP, BUT BANKRUPTCIES FORECLOSURES ARE UP BUT  NOT WHAT YOU'D EXPECT. WE'VE HAD FOUR STRAIGHT YEARS OF  DECLINING FARM INCOME>  COMMODITY PRICES RIGHT NOW. 16 THAT WOULD BE THE  BIGGEST ISSUE. THEY'RE PRETTY MUCH AT BREAK EVENS RIGHT NOW IF  NOT BELOW THE COST OF PRODUCTION. YOU CAN'T KEEP DOING THAT YEAR  AFTER YEAR. 27 > 45 POINT 2 PERCENT OF BANKERS SURVEYED SAID  SPOT PRICES FOR CORN AND BEANS WAS BELOW  BREAKEVEN LEVELS. SOMETHING THAT'S WEIGHING ON  THE MIND OF LOCAL GROWERS.  AND ON INTERST RATES, 64 PERCENT OF THOSE  SURVEYED ANTICIPATE ANOTHER RATE HIKE YET THIS  YEAR. 

NAFTA UNCERTAINTY
THERE'S ALSO UNCERTAINTY SURROUNDING  COMMODITY PRICES WHEN IT COMES TO WHAT WILL  HAPPEN WITH NAFTA.  JUST THIS WEEK, REPORTS SHOW CANADA AND MEXICO  REJECTED THE U-S NAFTA 2 POINT 0 PROPOSALS- ONE  OF THOSE PROVISISIONS DEALT WITH DAIRY. THAT  ROMPTED A REPORTER TO ASK A QUESTION TO THE  WHITE HOUSE PRESS SECRETARY THIS WEEK-- IS NAFTA  DEAD?   <"NOT YET. BUT AS THE PRESIDENT SAID, IT'S A BAD DEAL AND HE  WANTS TO MAKE SURE THAT WE HAVE A DEAL THAT BENEFITS AMERICAN  WORKERS. THAT'S WHAT THIS ADMINISTRATION IS FOCUSED ON. WE'RE  GOING TO CONTINUE TO PUSH FORWARD, AND IF WE CAN'T GET THERE THEN  WE'LL LET YOU KNOW WHAT THE CHANGES ARE> THE U-S TRYING TO HASH OUT DAIRY THIS WEEK  DURING THE 4TH ROUND OF TALKS. BUT THAT ENDED IN  A NO DEAL.  THE U-S PROPOSAL WOULD FULL ELIMINATE TARIFFS  OVER 10 YEARS ON SUPPLY MANAGED PRODUCTS, LIKE  DAIRY.  EVEN IN THE PAST TWO DECADES, THERE'S BEEN VERY LITTLE  DAIRY PRODUCT SALES FROM THE U.S. TO CANADA. 44 WHAT'S  HAPPENED NOW IS CANADA HAS DEVELOPED A NEW PRICING SYSTEM  THAT NOT ONLY CLOSED WHAT LITTLE MARKETING ACCESS WE HAD BUT  CANADA IS USING THIS PRICING SYSTEM TO DUMP SOME OF THEIR DAIRY  INTO OVERSEAS MARKETS WHERE IT COMPETES WITH U.S. EXPORTS. 56  SO, WE REALLY NEED NAFTA AND TO KEEP THE PRESSURE ON NAFTA  RENEGOTIATIONS GOING ON CANADA TO ROLL BACK ITS NEW PRICING  SYSTEM SO WE CAN HOPEFULLY GAIN MORE ACCESS THERE IN THE FUTURE  CANADIAN OFFICIALS REJECTING THE U-S PROPOSAL TO  DISMANTLE CANADA'S CURRENT SUPPPLY  MANAGEMENT SYSTEM. CANADIAN PRIME MINISTER  JUSTIN TRUDEAU SAYING THE SYSTEM IS NEEDED TO  PREVENTS OVER-SUPPLY WHILE  GUARENTEES STABLE  PRICING AND PRODUCTION WITHIN CANADA.  THURSDAY ON AGRITALK, GRAHAM LLOYD OF DAIRY  FARMERS OF ONTARIO SAYS UNLIKE WHAT SOME IN THE  U-S DAIRY CLAIM, THERE'S STILL PLENTY OF U-S MILK  CROSSING THE BORDER.   THE CLASS 3 STRATEGY HAS A DOMESTIC PROGRAM WHERE WE PRICE  TO THE SKIM OUR PROCESSORS WANT A COMPETITIVE WORLD PRICE WHICH  IS USUALLY THE US PRICE SO ALL WE HAVE DONE IS CREATED  COMPARATIVE PRICE. THEY CONTINUE IMPORTS OUR U.S. CONTINUES TO  EXPORT. AND THERE'S NO BARRIER WHATSOEVER FOR THEM TO DO SO. SO  YOU KNOW THE SAYING FIX IT DOESN'T DOESN'T REALLY CONSISTENT WITH  WHAT'S GOING ON WHEN THE REALITY. > TRADE REPRESENTATIVES PLAN TO RESUME TRADE  TALKS IN MID-NOVEMBER IN MEXICO.  THE SENATE VOTING THURSDAY ON TWO MORE KEY  POSITIONS WITHIN TEH U-S DEPARTMENT OF  AGRICULTURE. 

BILL NORTHEY NOMINATED
IOWA'S BILL NORTHEY NOMINATED TO BE UNDER  SECRETARY OF AGRICULTURE FOR FARM AND FOREIGN  AGRICULTURAL SEDRVICES AND GREG IBACH OF  NEBRASKA, TAPPED FOR UNDER SECREATARY OF  AGRICUTLRE FOR MARKETING AND REGULATORY  PROGRAMS.  FARM JOURNAL WASHINGTON CORRESPONDANT  TELLING AGDAY BOTH ARE VERY IMPORTANT  POSITIONS, WITH NORTHEY PLAYING A KEY ROLE IN  REWRITING THE WATERS OF THE U-S RULE AND THE FARM BILL.  < BUT ALSO NORTHEY WILL BE AN INTREGAL PART I THINK IN THE EVENTUAL  IMPLEMENTATION OF WHATEVER NEW FARM BILL WE GET, AND BEING A  FARMER HE WILL ADVICE ON CROP INSURANCE, EVEN THOUGH WE'LL HAVE  A RISK MANAGEMENT AGENCY, AND THE IMPLEMENTAITON OF THE  SAFETY NET PROGRAMS BECUAS EE KNOWS AND IF THRUTH BE KNOWN,  SONNY PERDUE IS A LITTLE WEAK WHEN IT COMES TO MIDWEST WHEN IT  COMES TO ARC PROGRAMS, SO I THINK BILL WILL HELP HIM OUT IN THAT  REGARD> WIESEMEYER SAYS AS UNDER SECRETARY OF AGRICULTURE FOR MARKETING AND REGULATORY  PROGRAMS, IBACH WILL ALSO MAKE SURE THERE'S  BALANCE IN KEY PROVISIONS WITHIN THE FARM BILL. 

CROP COMMENTS
WELL, WE'RE HEADING TO THE WEST COAST TODAY FOR  CROP COMMENTS. MIKE HOFFMAN HAS AN UPDATE  FROM CALIFORNIA.  GOOD MORNING, TYNE! WE'RE HEADING OVER TO SUNNY ESCONDIDO,  CALIFORNIA! THIS GROWER SAYS THESE LEMONS WILL BE READY TO  BE PICKED IN ABOUT TWO WEEKS.  THE PRODUCER EXPECTS ONE OF HIS LARGEST LEMON  CROPS, WHICH IS EXCITING BECAUSE HE SAYS THERE'S  A GOOD MARKET FOR IT RIGHT NOW! JUST DOWN THE ROAD IN OCEANSIDE, CALIFORNIA,  THIS FARMER SAYS BELL PEPPERS SHOULD BE A  BETTER A LARGER CROP THAN LAST YEAR. HE SAYS  THAT'S DUE TO MORE WATER SUPPLY FOR HIM AND  LESS HEAT THSI YEAR! AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
STILL TO COME, ONE UPSIDE TO TODAY'S COMMODITY  PRICES IS OPTIONS ARE CHEAP. SO, HOW SHOULD YOU  USE THEM WHEN MARKETING GRAIN? THAT'S  AGRIBUSINESS.  WE'RE HEADED TO FARM JOURNAL COLLEGE WHERE WE  LOOK AT FIXING SOME OF THOSE RUTS YOU MIGHT BE  GOUGING INTO YOUR FIELD THIS HARVEST SEASON. AND CHANCES ARE YOU'RE HAVING MEALS IN THE FIELD  THESE DAYS - A SHORT BREAK DURING THIS BUSY  HARVEST SEASON. DID YOU REALIZE THOSE STOPS CAN ALSO SERVE AS  NOURISHMENT FOR YOUR SOUL. CLINTON EXPLAINS -  LATER ON AGDAY.

FLOOR OF THE CME
MORE STATISTICS FUELING A STRONG ECONOMIC  PICTURE.  THE JOBLESS CLAIMS NUMBER THIS WEEK HITTING THE  LOWEST POINT IN 44 YEARS.  JOBLESS CLAIMS FELL BY 22, THOUSAND... TO 222  THOUSAND CLAIMS. THAT'S THE LOWEST SINCE MARCH  1973.  IN AGRIBUSINESS, COMMODITY PRICES TRADING IN TEH GREEN MOST OF THURSDAY. LET'S FIND OUT WHY AS  WE HEAD TO THE CME FLOOR.  IT'S BEEN AWFULLY QUIET THIS WEEK JUST KIND OF A BACK AND FORTH TYPE DEAL. YOU KNOW LAST WEEK WE HAD A CROP PRODUCTION REPORT FROM USDA AND THE MARKET DID SPIKE HIGHER INTO SOME FRESH TRAUMATIZED FOLLOWING THAT REPORT. NOVEMBER FUTURES TRADED JUST ABOVE $10 FOR A BRIEF MOMENT IN TIME BUT HAVE NOW KIND OF REVERTED BACK LOWER AGAIN INTO A LOW VOLATILITY ENVIRONMENT. VOLATILITY STATISTICALLY HAS BEEN VERY VERY LOW. YOU KNOW THE THE WAY THAT OPTIONS ARE PRICED REALLY SUGGESTS NO CONCERN ON EITHER SIDE OF THE MARKET. THEY'RE REALLY PRICING IN AN EXTENDED PERIOD OF RANGE BOUND TRADE HERE. THE LIVE CATTLE MARKET TRADED BOTH SIDES OF UNCHANGED HERE ON THURSDAY'S FEND OFF A CHOPPY THIS WEEK REALLY KIND OF DIRECTIONLESS. WE TRADED SOME FAIRLY WIDE RANGES TWO OR THREE DOLLAR RANGES BUT OVERALL VERY VERY LITTLE DIRECTION. SO WE'RE LEFT WITH KIND OF A SIDEWAYS TRADE REALLY WAITING ON FRESH FUNDAMENTAL NEWS CASH CANDLE MARKET HAS BEEN SOMEWHAT ACTIVE THIS WEEK. WE DIDN'T SEE MUCH CHANGE HANDS ON THE FED CATTLE EXCHANGE YESTERDAY. WE DID HOWEVER SEE SOME TRADE IN THAT COUNTRY AT 110. SO THE CASH CATTLE MARKET HOLDING TOGETHER AT LEAST I BELIEVE WE DID SEE SOME TRADE A LITTLE BIT HIGHER THAN 110 LAST WEEK BUT CERTAINLY NOT FALLING APART BY ANY MEANS. WE DO HAVE SOME FRESH NEWS COMING OUT FRIDAY AFTERNOON AND WE'VE GOT THE MONTHLY CATTLE FEED REPORT FROM USDA. NOW IN GENERAL WE ARE LOOKING FOR YEAR OVER YEAR EXPANSION IN BOTH CATTLE FEED AND PLACEMENTS. SO THAT APPEARS TO BE ALMOST A GIVEN AT THIS POINT.

 IT'S JUST A QUESTION OF HOW MUCH EXPANSION WE SEE YEAR OVER YEAR AND WHAT THE TRADE HAS PRICED IN. SO AGAIN BIG NEWS FRIDAY AFTERNOON. AGAIN JOE VACLAVIK FROM THE CMA GROUP HERE IN CHICAGO.

AGRIBUSINESS
ANALYSTS WE HAVE ON THE PROGRAM CONTINUE TO  TALK ABOUT HOW WE'RE IN A LOW VOLATILITY MARKET.  SO, WHAT IMPACT IS THAT HAVING ON OPTIONS? HERE'S  CLINTON GRIFFITHS.    BRIAN BASTING ADVANCE TRADING OUR GUESTS HERE AT  AGRIBUSINESS DESK. BRIAN THANKS FOR BEING HERE. LET'S TALK ABOUT  THE OPTIONS MARKET AND HOW WE USE THAT AT THIS TIME WHERE YOU  KNOW WE SEEM TO BE IN KIND OF ANOTHER SIDEWAYS PATTERN AS  HARVEST IS HAPPENING. YOU MAKE A GOOD POINT THERE CLINTON  BECAUSE EVEN AS THE MARKET STRAIGHT TRADE SIDEWAYS YOU MAY  THINK AS A PRODUCER THERE'S REALLY NOT MUCH OPPORTUNITY BUT WHEN  MARKETS TRADE SIDEWAYS THE VOLATILITY ON OPTIONS HISTORICALLY IS  LOW AND THAT'S WHAT WE'RE SEEING RIGHT NOW. SO AS A PRODUCER  LOOKING TO EITHER BUY A PUT OPTION FOR EXAMPLE TO PROTECT  BUSHELL'S AGAINST LOWER PRICES OR IS A PRODUCER LOOKING TO PURCHASE A CALL OPTION TO BE ABLE TO PARTICIPATE IN A RALLY AFTER  SALES MAY IT'S A GOOD OPPORTUNITY I REALLY WANT TO UNDERSCORE THIS  A GOOD OPPORTUNITY FOR A PRODUCER TO BUY OPTIONS NOT ONLY FOR  20:17 BUT ALSO 28. ARE YOU LOOKING OUT THAT FAR ALREADY TO 2018. I  MEAN YES I KNOW WE'RE GETTING TOWARD THE END OF 17 BUT YOU  KNOW WHENEVER YOU'RE OUT THERE HARVESTING A LOT OF TIMES IT'S  HARD TO FLIP YOUR MIND IN THE NEXT YEAR ALREADY. RIGHT. YEAH I  THINK THE KEYWORD THERE CLINTON IS FLEXIBILITY. ANYTIME YOU GO OUT  A YEAR IN ADVANCE MORE THAN A YEAR ADVANCE YOU WANT TO GIVE  YOURSELF PROTECTION IF AN ATTRACTIVE PRICE IS ACHIEVED. BUT YOU ALSO  WHEN YOU YOURSELF FLEXIBILITY AND THE BEST EXAMPLE WE CAN GIVE  YOU IS WHAT HAPPENED IN THE SOYBEAN MARKET LAST YEAR. WE SAW  THE SOYBEAN MARKET RALLY INTO THE END OF THE COUNTY YEAR 2016  INTO JANUARY AND THEN DID NOTHING GO SIDEWAYS TO LOWER ALL THE  WAY INTO SUMMER. SO YOU NEVER KNOW WHEN THAT PRICING  OPPORTUNITIES CAN BE PRESENT NOT ONLY FOR YOUR OLD CROP NOW BUT  ALSO FOR A NEW CROP NEXT YEAR. YEAH. SO THIS IS SOMETHING THAT  YOU'RE LOOKING AT WITH NO MATTER THE BUSHELL'S YOU OWN WHATEVER  SITUATION YOU HAVE A MAN. BUT THIS IS JUST A WAY TO KIND OF GIVE  YOURSELF THAT FLEXIBILITY A LITTLE LONGER TERM. EXACTLY. GIVE YOURSELF  PEACE OF MIND THAT YOU'VE GOT SOME DOWNSIDE PROTECTION IN  PLACE. FOR EXAMPLE IF THESE YIELDS IN THE U.S. WERE TO GROW AND  OR THE SOUTH AMERICAN CROPS BE LARGE AGAIN HERE IN 2018 ALL  THESE MARKETS COULD HAVE DOWNSIDE SO GIVE YOURSELF FLEXIBILITY TO  BE A PARTICIPANT IN THE MARKETS DO CONTINUE TO GO HIGHER. BUT  GIVE YOURSELF THAT PIECE OF MIND IF YOU GIVE YOURSELF SOME  DOWNSIDE PROTECTION PEACE OF MIND. NOT A BAD WAY TO TELL US.  APPRECIATE IT THANK YOU FOR BEING HERE. WE'LL BE BACK WITH MORE  IN JUST A MINUTE. " >

WEATHER
WELCOME BACK. TIME NOW FOR A CHECK OF WEATHER. MIKE I SEE THE  DROUGHT MONITOR APP I WAS LOOKING AT THE DROUGHT MONITOR ON  THURSDAY AND I SAW AREAS SOME AREAS SOME MAJOR  IMPROVEMENTS LIKE ILLINOIS. THE AREA CONSIDERED ABNORMALLY DRY  IMPROVED 40 POINTS IN JUST A WEEK.   I KNOW THAT'S KIND OF AMAZING BECAUSE THE DROUGHT MONITOIS A  LONG TERM THING BUT IT KIND OF GETS WORSE AND BETTER OVER THE LAST  MONTH. YOU CAN GO BACK A MONTH AND SEE WHAT IT LOOKED LIKE  AND THERE WERE STILL SOME ISSUES IN THE FAR NORTHERN PLAINS  EASTERN MONTANA BUT ALSO PARTS OF THE PLAIN STATES. AND THEN IF  WE COME FORWARD OVER THE LAST FOUR WEEKS YOU CAN SEE HOW  THINGS DO DRY OFF A LITTLE BIT IN THE NORTHERN AND CENTRAL PLAINS A  LARGER AREA OF THE ORANGES AND REDS AND THEN THIS NORTHERN AREA  KIND OF GOES AWAY A LOT OVER THE LAST WEEK BUT IT'S GOTTEN WORSE.  PARTS OF ARKANSAS INTO NORTHEASTERN TEXAS EASTERN PORTIONS OF  OKLAHOMA. TAKE A LOOK AT THE MAP TODAY. HUGE DOME OF HIGH  PRESSURE REALLY DOMINATING THE EASTERN TWO THIRDS OF THE COUNTRY  WE ARE STARTING TO SEE SOME GOLF MOISTURE FLOWING UP AROUND THE BACKSIDE OF THAT HIGH SINCE THAT KIND OF ROTATES IN A CLOCKWISE  CIRCULATION. YOU CAN SEE WHERE THAT MOISTURE IS COMING FROM  FRONT OFF THE EAST COAST WON'T BE A BIG DEAL. IT'S REALLY JUST THIS  SYSTEM AND ANOTHER WIND COMING IN OFF THE WEST COAST THAT WE  HAVE TO DEAL WITH LATER TODAY.  NOT A LOT OF MOISTURE WITH THIS FRONT AS IT COMES ACROSS THE  ROCKIES STILL SOME SCATTERED SHOWERS EASTERN PORTIONS OF TEXAS  THAT WILL START TO SPREAD SOME CLOUDS AND EVEN SHOWERS ON UP  ALONG THIS COLD FRONT AS WE HEAD THROUGH THE NEXT FEW DAYS SO  THERE'S TOMORROW MORNING AND YOU CAN SEE FROM MINNESOTA  SOUTHWARD NOT A LOT OF RAIN BUT CLOUDS WITH SCATTERED SHOWERS OR  WILL BE SOME SNOW IN THE HIGHER ELEVATIONS OF THE NORTHERN AND  EVEN CENTRAL ROCKIES THIS IS SOME PRETTY COLD AIR BY LATER IN THE  DAY TOMORROW THOUGH SHOWERS AND THUNDERSTORMS GETTING GOING  SOME OF THOSE MIGHT EVEN BE SEVERE IN PLACES ACROSS THE  SOUTHERN PLAINS ANYWAY AND THE NEXT SYSTEM IS A PRETTY WET ONE  AND THAT WILL INCLUDE SOME OF THE WHITE STUFF AND THE HIGHER  ELEVATIONS. PAST 24 HOURS. AND THE NEXT 36 HOURS YOU'LL SEE MOST  OF THE MOISTURE IS GOING TO BE IN THE WESTERN PORTIONS OF THE  COUNTRY AND THEN NEAR THE END OF THE NEXT 36 HOURS LATER  TOMORROW WE'LL SEE SOME OF THOSE SHOWERS BREAKING OUT ACROSS  THE NORTHERN AND CENTRAL PLAINS. AND TAKE A LOOK AT SNOWFALL IT'S  ALL GOING TO BE CONFINED TO THE HIGHER ELEVATIONS OUT WEST IS IT'S GOING TO BE A FAIR AMOUNT IN SOME AREAS. WHEN YOU COMBINE THE  LAST 24 HOURS IN THE NEXT 36 HOURS SUMMERS WE'RE GOING TO SEE  SIX TO 10 INCHES OF SNOW. LOOK AT THE HIGHS TODAY 70S 80S  ACROSS MOST OF THE EASTERN TWO THIRDS OF THE COUNTRY LOWS ARE  VERY COMFORTABLE EAST OF THE ROCKIES. PRETTY COLD OUT WEST. AND  THEN YOU CAN SEE MORE OF THE SAME AS WE HEAD INTO THE DAY  TOMORROW. BUT THAT COLDER AIR IS COMING EAST NEXT WEEK AND  HERE'S WHY. THE JET STREAM SHOWS THE RIDGE STARTS TO GET  REPLACED BY A SHOT OF CHILLIER AIR SPECIALLY BY TUESDAY AND  WEDNESDAY. THAT KIND OF LETS UP ANOTHER COLDER SHOT STARTS TO  COME IN BY THE END OF NEXT WEEK. THAT'S A LOOK ACROSS THE  COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECAST. WE HAD TO  SHERATON WYOMING FIRST OF ALL INCREASING CLOUDS AND WARM  TODAY.  HIGH TEMPERATURE OF 78. MONROE LOUISIANA. MORE HUMID WITH  CLOUDS AND SUNSHINE. HIGH OF 82. AND TAKE A LOOK AT TRENTON  NEW JERSEY. BRIGHT SUNSHINE COMFORTABLE AFTERNOON HIGH OF 74. 

TEASE
STILL TO COME OUR EXPERTS AT FARM JOURNAL  COLLEGE OFFER ADVICE ON FIXING FIELD RUTS -  ESPECIALLY IF YOUR CROP ROTATION TURNS TO  SOYBEANS NEXT SPRING. AND LATER CLINTON HAS SOME THOUGHTS ABOUT  FARM BUSINESS AND FAMILY BUSINESS. . . AND THE  IMPORTANT ROLE THEY PLAY TOGETHER.

FARM JOURNAL COLLEGE TV
IF YOU'RE DEALING WITH WET FIELDS THIS HARVEST,  THEN YOU'RE LIKELY DEALING WITH RUTS AS WELL.  WILL YOU REPAIR THEM THIS FALL OR NEXT SPRING?  AIMEE COPE AND KEN FERRIE DISCUSS THE OPTIONS IN  THIS WEEK'S FARM JOURNAL COLLEGE TV. 0KEN WE'RE OUT HERE IN THE FIELD AND WE'RE SEEING SOME REALLY  DEEP RUTS IN THIS CORN. LET'S TALK A LITTLE BIT ABOUT YOU KNOW IF  YOU'RE A STRIP TILL, NO FARMER. YOU KNOW WHY THESE RIGHTS MATTER  HOW WE'RE GOING TO HANDLE THESE RUTS ESPECIALLY WHEN WE'RE  TURNING INTO A SOYBEAN ROTATION FOR NEXT SPRING. THAT'S A TOUGH  SPOT FOR OUR NO TILL STRIP TILL GUYS TO BE BECAUSE WE CAN MEANS  THAT IT IS WE'VE GOT TO GET OURSELVES THE SEED SEEDBED TO PLANT  INTO IF I'M IN CONVENTUAL TILL CORN AND SOYBEANS I'M PROBABLY  GOING TO DO TILLAGE HERE ANYWAY. I WOULD FIX THAT PROBLEM. BUT IN  THIS CASE WE HAVE TO GET THIS FIELD LEVELED UP SO WE CAN PLANT IT  FOR THE SOYBEANS SOYBEANS DON'T ALWAYS RESPOND TO TILLAGE. BUT  YOU JUST CAN'T SEED INTO SOMETHING LIKE THAT. WE'RE GOING TO MAKE  EVERY ATTEMPT THAT WE CAN TO GET BACK IN HERE THIS FALL IF POSSIBLE  WHENEVER IT ALLOWS US TO GO AHEAD AND FILL THESE RUTS IN. AND SO  WE GET OUR SOYBEAN DRILL THROUGH HERE IN THE SPRING. WE COULD  EVEN GET THE DRILL THROUGH IT TRYING TO FIX SEASON THE SPRING IS STILL  POSSIBLE WITH SOYBEANS. WEWILL GO TO A FIGHT MAYBE MORE FLOODING ISSUES AND CHALLENGES OF GETTING OUR TILLAGE DONE IN A  TIMELY FASHION. BUT WITH SOYBEANS WE GOT TIME IN THE SPRING. SO  THIS HAS TO BE DONE IN THE SPRING IT CAN BE. AND WITH SOYBEANS  WE GET A LITTLE MORE FORGIVENESS IN THE STAND SO IF WE HAVE ENDED  THIS ROW IS A LITTLE HARD TIME COMING UP THIS ROAD CAN COMPENSATE  FOR IT. SO IT ISN'T AS CRITICAL IN A SOYBEAN SCENARIO BUT WE'RE GOING  TO HAVE TO TAKE THIS OUT OF NO-TILL OR OUT OF STRIP TILL AND FIX THIS  PROBLEM AND THEN EVENTUALLY WE'RE GOING TO PUT IT BACK IN THE NO  TILL STRIP TILL ONE OF THE CHALLENGE WE'RE GOING TO HAVE IS THE  COMPACTION THAT WAS PUT IN HERE MAY HAVE TO BE TAKEN OUT IN THE  FOLLOWING YEAR WITH ANOTHER ROUND OF DEEPER TILLAGE DEPENDING ON  HOW THE GROWER SET UP. 

TEASE
STILL TO COME, CLINTION'S FARM SENSE THIS WEEK  WILL RESONATE WITH THE ENTIRE FAMILY... YOU WONT  WANT TO MISS HIS COMMENTS NEXT. 

IN THE COUNTRY
CLINTON'S KIDS ARE ENJOYING A COUPLE DAYS OFF  FROM SCHOOL FOR FALL BREAK. SO, CLINTON DID THE  SAME, TAKING A FEW DAYS OFF TO SPEND TIME WITH  THEM. SO IT JUST MAKES SENSE THAT FAMILY"  IS THE  FOCUS OF THIS WEEK'S FARM SENSE.  A FEW DAYS AGO, I WENT HOME, BACK TO NEW MEXICO  TO HELP MY PARENTS GET READY FOR THEIR ANNUAL  CALF SALE. LIVING SO FAR AWAY I'M ALWAYS STRUCK  BY HOW MUCH I MISS LIVING HALF WAY ACROSS THE  COUNTRY FROM FAMILY. AND I GUESS THAT'S WHAT I  LIKE ABOUT THE BUSINESS OF AGRICULTURE. IT'S STILL  A FAMILY BUSINESS. I WAS THERE, MY BROTHER AND HIS WIFE AND THEIR  KIDS CAME TO HELP. MY COUSIN AND HIS WIFE AND SON  WHERE THERE. EVEN MY 96-YEAR-OLD GRANDMOTHER  AND AUNT BROUGHT FOOD…NOT TO MENTION THE  WONDERFUL HELP WE HAD FROM NEIGHBORS AND  FRIENDS. AGRICULTURE IS AND CONTINUES TO BE A JOB THAT  CAN AND OFTEN DOES INCLUDE FAMILY. FOR ALL THE  STRESS AND HARD WORK, THERE ALWAYS SEEM TO BE  MOMENTS AND MEMORIES THAT REMIND YOU ABOUT  THE BLESSINGS YOU SHARE. AS WE COVER THE COUNTRYSIDE WE'RE OFTEN  WITNESS TO THESE TRADITIONS…DINNER IN THE FIELD  AT HARVEST, KIDS CLIMBING IN THE COMBINE FOR A  RIDE, A FATHER WORKING ON ONE MORE HARVEST. FOR US IT WAS BRANDINGS AT THANKSGIVING AND CALF  PULINGS AT EASTER. REGARDLESS OF WHAT YOU HEAR FROM THE  MARKETING AISLES—99 PERCENT OF AMERICAN FARMS  ARE STILL FAMILY OWNED. JUST BECAUSE A BUSINESS  IS INCORPORATED DOESN'T MEAN IT'S NOT OWNED AND  OPERATED BY A FAMILY.  I TRULY, BELIEVE THAT'S WHAT MAKES THIS BUSINESS  SO RESILIENT. PEOPLE WILLING TO PITCH IN…TO HELP  ON THE HARD DAYS…KNOWING BUT NOT EXPECTING  THAT ONE DAY YOU'LL DO THE SAME. SO, WHETHER ITS SPENDING TIME WITH YOUNG OR  OLD…GIVE THANKS DURING THIS SEASON OF HARVEST  FOR THE LITTLE MOMENTS SPENT WORKING WITH  FAMILY. FROM THOSE OF US WHO DON'T GET TO  EXPERIENCE IT OFTEN ENOUGH, TAKE TIME… ENJOY  IT…FIND A MEMORY WORTH KEEPING. GENERATIONS  MAY COME AND GO ON THIS LAND BUT AS WE KNOW,  FAMILY IS FOREVER. WELL SAID CLINTON.FAMILY IS FOREVER. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE  GLAD YOU TUNED IN.   FOR ALL OF US AT AGDAY, I'M TYNE MORGAN, HAVE A  GREAT DAY.  

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