AgDay Daily Recap -October 23, 2017

October 23, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 23, 2017


HEADLINES
AS FINANCIAL STRESS SITS IN FOR SOME PRODUCERS,  OPERATING LOANS ARE ON THE RISE...  IT'S A VERY CASE BY CASE SCENARIO> YET, THE KC FED FINDS LENDING RATES AT AG  BANKERS ARE STARTING TO STABILIZE.  SUPPORTERS OF RENEWABLE FUELS HIT A GRAND  SLAM, WITH THE HEAD OF EPA REINFORCING HIS  SUPPORT TO SELECT SENATORS.  IN AGRIBUSINESS, WHAT COULD A WIN FOR THE  ETHANOL INDUSTRY MEAN FOR PRICES?  <"STHEY'RE LITERALLY PRESCRIBED FRUITS AND VEGETABLES BY THEIR  CARE PROVIDER." SOT VERBATIM> AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR  HIGH-STRENGTH DEPENDABILITY.

RENEWABLE FUELS STANDARD
GOOD MORNING, I'M TYNE MORGAN, IN FOR CLINTON  GRIFFITHS. IT WAS A WHIRLWIND WEEK FOR HTE  RNEWABLE FUELS STANDARD LAST WEEK. IT ENDED ON  A HIGH NOTE. FARM JOURNAL WASHINGTON  CORRESPONDANT JIM WIESEMEYER SAYING RFS  SUPPORTERS HIT THEIR WORLD SERIES VERSION OF A  GRAND SLAM.  AS THE CALENDAR DRAWS NEAR THE NOVEMBER 30TH  STATUTORY DEADLINE FOR THE RFS VOLUME REQUIREMENTS, IT SENT IOWA LEGISLATORS ON A  FURIOUS MISSION TO PUT A STOP TO POSSIBLE  CHANGES COMING OUT OF E-P-A.  . THE UPROAR CAUSED THE TRUMP ADMINSTRATION TO  ORDER EPA ADMINSTRATOR SCOTT PRUITT TO STAND  DOWN ON THOSE CHANGES, INCLUDING LOWERING THE  FEDERALLY MANDATED LEVELS SET BY CONGRESS OF  BIOFUELS IN THE RFS. ON THURSDAY, THE HEAD OF EPA SENDING A NOTE TO  SENATORS, REINFORCING HIS SUPPORT OF THE RULE.  PRUITT WROTE, "MY RESPONSIBILITY AS  ADMINISTRATOR OF THE ENVIRONMENTAL PROTECTION  AGENCY IS TO FAITHFULLY ADMINISTER THE LAWS  PASSED BY THE U.S. CONGRESS. THIS AGENCY MUST  AND WILL RESPECT THOSE LAWS." THE LETTER OUTLINING A FEW KEY COMMITTMENTS.  INCLUDING LEAVING BIODIESEL LEVELS UNTOUCHED,  LEAVING THE RFS POINT OF OBLIGATION UNCHANGED,  AS WELL AS EXPANDING MARKETS FOR E-15. . REPUBLICAN IOWA SENATOR JONIE ERNST WAS ONE OF  7 TO RECEIVE THE LETTER. SHE CALLED IT A QUOTE,  CLEAR WIN FOR IOWANS.  FELLOW IOWA SENATOR CHUCK GRASSLEY ECHOES  THAT SENTIMENT. MEANWHILE THE NATIONAL BIODIESEL BOARD SAYS IT  APPRECIATES THE E-P-A WON'T PURSUE CUTS TO  BIODIESEL VOLUMES, BUT IT STILL HAS CONCERNS THAT  THE AGENCY IS NOT COMMITTED TO RAISING THE  BIODIESEL LEVELS.

NAFTA TALKS CONTINUE INTO 2018
FARM COUNTRY IS CONTINUING TO RESPOND TO THE  NEWS THAT THE NEXT ROUND OF NAFTA TALKS WON'T  START UNTIL NEXT MONTH, PUSHING NEGOTIATIONS  INTO NEXT YEAR.  THE LAST ROUND OF TALKS BETWEEN THE THREE  COUNTRIES ENDED LAST WEEK WITH FEW OPTIMISTIC  WORDS. MUCH OF THE GREAT DIVIDE FOCUSES ON  AUTO PRODUCTION.  . FROM THE AG SIDE OF TALKS, CANADA IS PUSHING BACK AT THE INSISTENCE OF U-S NEGOTIATORS TO DO  AWAY WITH CANADA'S SUPPLY-MANAGEMENT POLICIES  IN DAIRY. . ROW CROP FARMERS HOPE THE AGREEMENT IN LIMBO  WON'T HURT THEIR BOTTOM LINE.   <"IF THAT GETS MESSED UP, THEN I DON'T THINK WE'VE SEEN ANYTHING  YET FOR LOW PRICES, I DON'T THINK,"> MEANWHILE, INDUSTRY LEADERS ON THE PRODUCE  SECTOR SAY OVERALL, NAFTA HAS BEEN POSITIVE TO  THE  INDUSTRY, BUT IT'S BETTER FOR SOME PRODUCE  SECTORS OVER OTHERS. SO, THERE CAN ALWAYS BE  MODIFICATIONS.  <" 20:29:30 EVERY COMMODITIES HAS A DIFFERENT OPINION ON WHAT  NAFTA DOES FOR IT.34 (TAKE OUT MIDDLE) START AT  20:29:40  FOR SOME COMMODITIES, IT'S BEEN GOOD BUT FOR SOME, IT HASN'T  BEEN SO GOOD BECAUSE OF THE COMPETITION, THEY PAY A LOT LOWER  WAGES IN MEXICO THAN THEY DO IN CALIFORNIA, THEY HAVE A BETTER  LABOR SUPPLY, A GOVERNMENT WILLING AND ANXIOUS TO HAVE THEIR  ECONOMLIES GROW."> 59">  NASSIF SAYS SOME PRODUCE GROWERS HAVE MOVED  TO OTHER COUNTRIES LIKE MEXICO BECAUSE THEY  CAN'T AFFORD TO PRODUCE IN THE U.S. DUE TO STIFF  REGULATIONS, LABOR AND LACK OF WATER.  THOSE IN THE AG INDUSTRY SAY UNCERTAINTY OVER  TRADE DEALS LIKE NAFTA WILL ONLY WEIGH ON  COMMODITY PRICES. THAT'S AS PRICES CONTINUE TO  RISE ABOVE BREAK-EVEN LEVEL FOR MANY FARMERES  AND RANCEHRS.

KC FED’S AG FINANCE DATABOOK
AS A RESULT, THE KANSAS CITY FED  SAYS ITS SEEING REQUESTS FOR OPERATING LOANS  RISE.  IN THE LATEST AG FINANCE DATABOOK, THE KANSAS  CITY FED SAID NON-REAL ESTATE FARM LOANS  INCREASED 2 PERCENT FROM LAST YEAR DURING THE  THRID QUARTER OF THE YEAR. THAT INCREASE  MIRRORS WHAT THE FED SAW IN THE SECOND  QUARTER. BUT OPPOSITE OF WHAT ECONOMSITS SAW THE PREVIOUS TWO QUARTERS, WHEN LENDERS  REPORTING A SHARP DECLINE IN LENDING ACTIVITY. ECONOMISTS WITH THE FED SAY OPERTING LOANS  ACCOUNT FOR NEARLY 60 PERCENT OF THE TOTAL  VOLUME OF NON-REAL ESTATE LOANS FOR THE PAST  FOUR QUARTERS... THAT'S THE HIGHEST LEVEL SINCE  THE FED STARTED KEEPING TRACK 40 YEARS AGO.   NATHAN KAUFFMAN AUTHORS THE DATABOOK. HE SAYS  WORKING CAPITAL IS HOW HE MEASURES SHORT-TERM  STRESS, BUT CARRYOVER DEBT IS ANOTHER KEY  INIDCATOR.   IT'S A VERY CASE BY CASE SCENARIO I THINK FOR SOME  PRODUCERS CARRY OVER THAT HAS BECOME A PROBLEM AND THEY'RE  HAVING TO INTERACT WITH LENDERS AND BE VERY DIRECT ABOUT WHAT  SOME OPTIONS MIGHT LOOK LIKE AND FOR SOME PRODUCERS IT REALLY  MIGHT BE NEEDING TO SELL SOME ASSETS TO BE ABLE TO MAKE THINGS  WORK FOR THE NEXT YEAR FOR OTHER PRODUCERS. THEY MAYBE MADE  SOME VERY GOOD ADJUSTMENTS GOING FROM ONE YEAR TO THE NEXT.  THEY RECOGNIZE THE PRESSURES THAT THEY WERE FACING AND WERE  VERY CAREFUL ABOUT ABOUT MONITORING THEIR OWN DEBT. AND I THINK  DID MAKE THE KINDS OF ADJUSTMENTS THAT WOULD BE NEEDED TO BE  TO MAKE THE LONG TERM AN OPTION. > KAUFFMAN SAYS DELINQUENCY RATES ARE UP FROM  2016, BUT LOWER THAN LEVELS THE FED SAW DURING  THE START OF 2017. 

CATTLE ON FEED
USDA'S CATTLE ON FEED REPORT SHOWS  THE TOTAL HERD IN FEEDLOTS HIT TEN-POINT-EIGHT  MILLION HEAD, FIVE PERCENT ABOVE LAST YEAR'S  AGO - COMING IN AT JUST OVER TWO MILLION HEAD. MARKETINGS ARE THREE PERCENT ABOVE. LA NINA ALREADY PLAYING INTO CROP OUTLOOKS NEXT  YEAR.

WARM WINTER?
AND U-S FORECASTERS THINK IT COULD BE A  WARM WINTER FOR A GOOD CHUNK OF HTE U-S.  THE NATIONAL OCEANIC ATMOSPHERIC ADMINSTRATION  - OR NOAA- FORCASTING A WARM WINTER FROM  CALIFORNIA, THROUGH THE MIDWEST, ALL THE WAY UP  TO MAIN.  THOSE FORECASTERS ALSO CALLLING FOR BELOW  AVERAGE TEMPS FOR SOUTHERN ALASKA, THE PACIFIC  NORTHWEST AND THE NORTHER TIER OF THE U-S. NOAA ALSO THINKS THE SOUTHERN U-S WILL BE DRIER  THAN NORMAL. WITH DRY WEATHER EXPECTED TO SETTLE INTO THE  ATLANTIC STATES, PARTS OF HTE SOUTHEAST, AS WELL  AS SOUTH TEXAS AND ARIZONA. 

DROUGHT MONITOR
AND METEORGOLIGSTS THINK DROUGHT WILL REMAIN  PARKED IN TEH NORTHERN PLAINS.  THE CURRENT DROUGHT PICTURE SHOWING A LITTLE  RELIEF IN THE NORTHERN PLAINS.  THE LATEST DROUGHT MODERATE SHOWING  MODERATE DROUGHT  IN SOUTH DAKOTA IMPROVED 10  POINTS IN A WEEK.  THAT SAME CATEGORY IN NORTH DAKOTA GREW 23POINTS BETTER IN A WEEK'S TIME.  SOAKING RAIN SYSTEMS DRAMATICALLY CHANGING THE  DROUGHT SITUATION IN THE MIDWEST.  IT SHOWS THE AREA CONSIDERED ABNORMALLY DRY IN  ILLINOIS IMPROVED 40 POITNS IN JUST ONE WEEK.  THAT SAME CATEGORY IN IOWA SAWA  13 POINT  IMPROVEMENT.  NOT SO GOOD NEWS IN CALIFORNIA, IN THE MIDST OF  THE WILDFIREST, DROUGHT IS STAGNANT WITH NO  CHANGE FROM THE PREVIOUS WEEK.  E'RE DIGGING INTO MORE HARVEST COVERAGE ON 

CROP COMMENTS
THIS MONDAY MORNING. MIKE HOFFMAN HAS AN  UPDATE IN CROP COMMENTS.  GOOD MORNING, TYNE.  TAKE A LOOK AT THIS!   CLINTON GRIFFITHS SENT US THIS FROM HIS OWN  FARM IN NORTHERN INDIANA. HE SAYS HARVEST HAS RESUMED AFTER ALMOST 8  INCHES OF RAIN. FARMERS ARE REPORTING SOYBEAN  YIELDS BETWEEN 45 AND 61 BUSHELS PER ACRE. THE  GROUND IS STILL SQUISHY BUT THE BEANS ARE DRYING  DOWN.  THIS NEXT PICTURE COMES FROM CLARK COUNTY,  KANSAS. THE AREA  WAS CHARRED DUE TO THE  STARBUCK FIRE EARLIER IN THE YEAR WHICH BURNED  MORE THAN 460-THOUSAND ACRES IN THE COUNTY.  AS YOU CAN SEE, GROWTH IS OCCURING BUT IT'S A  PROCESS.  AD LIB  AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
STILL TO COME, THE RENEWABLE FUELS INDUSTRY  CALLING EPA'S CHANGING TONE ABOUT THE R-F-S A  WIN... BUT IS IT A WIN AS FAR AS CROP PRICES? MARK  GOLD AND ANDY SHISLLER JOIN ME AT THE  AGRIBUSINESS DESK.  STAY TUNED FOLKS COMING UP WE'RE GOING TO TALK BIG HORSEPOWER USED TRACTORS. AND WE VISIT A MARKET THAT PLAYS THE ROLE OF  PHARMACY. WE'LL EXPLAIN WHEN WE HEAD IN THE  COUNTRY.

AGRIBUSINESS
ALL RIGHT NOW ON AGDAY WE HAVE ANDY SHISSLER AND MARK GOLD.  WE'VE BEEN TALKING ABOUT THE RENEWABLE FUEL STANDARD THE  POSSIBLE CHANGES AND THEN KIND OF THE ADMINISTRATION ORDERING  THE EPA ADMINISTRATOR TO STAND DOWN. BUT OVERALL IT SOUNDS LIKE  SCOTT PRUITT IS FAVORING THE RFS AND POSSIBLY LOOKING TO INCREASE  BLENDS OF E-15. COULD THAT BE WHAT WE NEED TO JUMPSTART THIS  CORN MARKET. I DON'T KNOW THAT IT WOULD JUMPSTART IT. IT'LL HELP  SUPPORT IT AND PUT A LITTLE BIT OF A FLOOR UNDERNEATH IT BUT WE'VE  REALLY GOT TO SEE THAT THE NUMBERS GET CHEWED THROUGH AND DO  SOMETHING ABOUT THIS 2.3 BILLION BUSHEL CARRIED OUT. AND I DON'T KNOW THAT RFS IS ENOUGH TO DO THAT. I THINK WE'RE GOING TO HAVE  TO DO SOME OTHER THINGS MAYBE A CRP PROGRAM BETTER EXPORTS.  SOMETHING HAS GOT TO DO IT. OR THE MAIN THING I THINK THEY COULD  REALLY SWITCH THIS IS IF WE CAN GET THE FUNDS TO BUY IT THEY'RE SHORT  I'M GUESSING 170 180000 CONTRACTS A CORN SOMEWHERE IN THAT  RANGE. THE MONEY FLOW CAN TURN THIS MARKET ON A DIME DESPITE  WHAT THE FUNDAMENTALS SAY. AND I THINK THAT'S THE BEST HOPE FOR  THE AMERICAN FARMER THAT SOMETHING TRIGGERS THESE FARMERS OR  THE FUNDS THAT COME IN. WHAT COULD TRIGGER THAT. WELL TO COME.  WE TRADE A LOT OF CRAZY COMMODITIES DIFFERENT STUFF. AND SO LIKE  I'VE SEEN MARKETS THAT HAD NO TRADING INTEREST ALL OF SUDDEN THEY  HAVE A LOT OF TRADING INTEREST AND THERE'S NO FUNDAMENTALS  BEHIND IT. IF YOU LOOK AT PIGS TRADED $35 AND TRADED UP TO 90. THE  FUNDAMENTALS WERE THE SAME. CATTLE TRADED DOWN TO NINETY FIVE  DOLLARS. BUT THE WALL OF BEEF AND TRADED UP TO 140. SO LIKE YOU  DON'T EVEN HAVE TO HAVE THE FUNDAMENTALS BEHIND THE CORN  MARKET TO DO SOMETHING TO GET SOME TRADING INTEREST AND AT  SOME POINT I THINK THE BLOWOUT OTHER SHORT POSITION AND GO ALONG  AND I THINK IT'LL BE BECAUSE OF SOYBEANS I THINK. SO THERE'S  NOTHING REALLY THAT WOULD MAKE THIS CORN MARKET MORE ATTRACTIVE  TO THE FUND. I MEAN WE JUST NEED THEM TO COME IN FOR WHATEVER  THAT REASON MAY BE. AND UNFORTUNATELY NOBODY KNOWS WHAT THAT  REASON IS BUT CERTAINLY SOME TECHNICAL INDICATORS WOULD WOULD  FORCE THEM TO COME IN. BUT IT'S JUST REALLY THE MONEY FLOW. HE'S  SUCH AN IMPORTANT PART OF THIS MARKET AND THAT'S WHY I DON'T WANT  TO BE BEARISH CORN AT 350. I DON'T WANT TO BE BEARISH BEGINS AT 9  80. I STILL THINK THERE'S A LOT OF UPSIDE POTENTIAL IN BOTH THE  MARKETS BUT WE THINK WE NEED A TRIGGER. BUT WHAT WE HAVE TO  WAIT A WHILE FOR THAT UPSIDE POTENTIAL I DON'T THINK SO I THINK WE'LL  RALLY BEANS INTO JAN. 1 AND I THINK THE MORE BEANS THAT GET SOLD OFF THE COMBINE THE MORE BULLISH THIS MARKET GETS. ABSOLUTELY.  ALL RIGHT. THANK YOU BOTH FOR BEING HERE THIS WEEK. WE  APPRECIATE IT. STAY WITH US. WE HAVE MUCH MORE AGDAY WHEN WE  COME BACK.

WEATHER
WELCOME BACK TO AGDAY, METEOROLOGIST MIKE HOFFMAN  JOINS ME NOW. MIKE I TALK TO YOU A LOT OF FARMERS LAST WEEK THAT  WE'RE THANKFUL THAT THE SKIES OPENED UP. THEY HAVE BEEN ABLE TO  MAKE SOME MAJOR HARVEST HEADWAY. DOES THAT SYSTEM CHANGE  THIS WEEK OR DO YOU THINK MORE HARVEST PROGRESS WILL BE MADE.   OH I THINK A LOT MORE PROGRESS WILL BE MADE. SOUTHEAST  NEEDS TO HAVE THE BEST CHANCE FOR SOME RAIN AND WE'LL GET TO THAT MAP COMING UP. BUT YOU CAN SEE IN THE ESTIMATED RAIN FOR  LAST WEEK AND THIS GOES ALL THE WAY BACK TO A WEEK AGO  SATURDAY THROUGH THIS PAST FRIDAY AND A LOT OF THIS WAS A WEEK  AGO SATURDAY. THIS IS JUST A SYSTEM SAT THERE AND SO YOU CAN  SEE THE AREA FROM CHICAGO OVER INTO SOUTHWEST MICHIGAN SOUTH  BEND AREA AND NORTHERN INDIANA GOT A LOT OF RAIN. SOME AREAS  ENDED UP WITH MORE THAN FIVE INCHES BUT YOU CAN SEE TWO THREE  INCH AMOUNTS ALL THE WAY BACK IN EASTERN KANSAS WITH THAT SAME  SYSTEM. NOW AS FAR AS THE DROUGHT MONITOR IS CONCERNED WE  CONTINUE TO SEE POCKETS OF DRYNESS IN THE CORN BELT. YOU CAN SEE  THE MAJORITY NOW HAS KIND OF DEVELOPED IN THE NORTHERN AND  WESTERN ARKANSAS SURROUNDING STATES AS WELL. IT'S GOTTEN A LITTLE  BIT BETTER THOUGH IN THAT NORTH CENTRAL AREA OF THE MISSISSIPPI  VALLEY THAT WAS STARTING TO DRY OUT. AND IT IS SEEING THE WORST  AREAS TO WESTERN SOUTH DAKOTA INTO NORTHERN OR EASTERN PORTIONS  OF MONTANA. NOW TAKE A LOOK AT THE JETSTREAM AS WE HEAD  THROUGH THIS WEEK. A TOTAL FLIP FLOP FROM LAST WEEK SO WE'RE  LOOKING AT THE TROUGH IN THE EAST. THAT'S A PRETTY SHARP TROUGH  RIGHT THERE FOR THE MIDDLE OF THE MIDDLE OF THE WEEK MIDDLE OF THE  COUNTRY AS WELL. MAINLY THOUGH THAT COLD AIR IS GOING TO BE EAST OF  THE MISSISSIPPI RIVER.  WARMER AIR OUT WEST AND ANOTHER LITTLE PIECE OF THAT TROUGH  DIGS IN AS WE HEAD THROUGH THE END OF THE WEEK ON FRIDAY. AND  IT LOOKS LIKE THAT PATTERN IS GOING TO REMAIN FOR A WHILE ALTHOUGH IT  TRIES TO GO ZONAL AGAIN AS WE HEAD INTO THE FOLLOWING WEEK. SO  LET'S TAKE A LOOK AT TEMPERATURES THIS WEEK AND GOING BELOW  NORMAL FROM MUCH OF THE GREAT LAKES ALL THE WAY THROUGH THE  MISSISSIPPI VALLEY INTO THE SOUTHEAST ABOVE NORMAL FOR NEW  ENGLAND AND OTHER PARTS OF THE NORTHEAST. AND BASICALLY THE  ROCKY MOUNTAIN STATES IN CALIFORNIA EXPECTED TO BE ABOVE  NORMAL FOR TEMPERATURES PRECIPITATION THIS WEEK. WHOLE BUNCH OF  THE COUNTRY GOING TO BE BELOW NORMAL IN THE WESTERN LAKES  THROUGH MOST OF THE PLAINS INTO THE WEST. ABOVE NORMAL THOUGH  FOR JUST EAST OF THE MISSISSIPPI RIVER ALL THE WAY FROM THE  SOUTHEAST INTO THE NORTHEASTERN PORTIONS OF THE COUNTRY 30 DAY  OUTLOOK FOR TEMPERATURES ABOVE NORMAL NORTHEAST BELOW NORMAL  FOR CORNER REGION BACK INTO MUCH OF CALIFORNIA ABOVE NORMAL I  SHOULD HAVE SAID THERE AND BELOW NORMAL FOR THE SOUTHERN  PORTIONS OF THE MISSISSIPPI VALLEY IN THE FAR NORTH WEST.  PRECIPITATION OVER THE NEXT 30 DAYS BELOW NORMAL IN THE  NORTHEAST BELOW ARE FROM ARKANSAS TEXAS WESTWARD AND ABOVE  NORMAL IN THE NORTHWEST. MOST OF THE CORNBELT EXPECTED TO BE  CLOSE TO NORMAL. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE  A LOOK AT SOME LOCAL FORECASTS WHERE THE MAYOR SAID CALIFORNIA  FIRST OF ALL A GOOD DEAL OF SUNSHINE AND MILD TODAY HIGH OF 81  DEGREES. OMAHA NEBRASKA MOSTLY SUNNY BREEZY AND MILD WITH A  HIGH OF 68 AND WHEELING WEST VIRGINIA VERY REALLY CLOUDY THERE IS  A CHANCE OF RAIN. HIGH OF 71. 

TEASE
STILL TO COME, WHAT TREND IS MACHINERY PETE  WATCHIGN WHEN IT COMES TO LARGER TRACTORS? HE  JOINS US NEXT.  AND FIND OUT HOW A "PRESCRIPTION FOR HEALTH"  STARTS AT THE FARM. DETAILS WHEN WE HEAD IN THE COUNTRY TO  TENNESSEE.

MACHINERY PETE
RECENTLY, MACHINERY PETE HAS NOTICED SOME  STRONG SALES OF LARGER TRACTORS. BUT IS IT A  GROWING TREND? HERE'S MACHINERY PETE.  STAY TUNED FOLKS COMING UP WE'RE GOING TO TALK BIG HORSEPOWER  USED TRACTORS. OK FOLKS LET'S TALK USED VALUES ON HIGH HORSEPOWER TRACTORS. NOW  JUST THIS WEEK WE'RE RELEASING OUR MACHINERY PETE USED VALUES  INDEX REPORT FOR THE THIRD QUARTER AND THIS IS A QUARTERLY REPORT  WHERE I USE OUR AUCTION SALE PRICE DATA TO TRY TO PUT A TREND LINE  ANALYSIS ON WHAT'S HAPPENING WITH USED VALUES. NOW HERE'S A  LOOK AT THE SECOND QUARTER 2017 REPORT FROM OUR USED VALUES  INDEX ON 200 PLUS HORSE TRACTORS. AND YOU CAN SEE ON MY 1 TO  10 RATING SCALE OUR RATING CAME IN AT 6.6. THAT'S DOWN QUITE A BIT  FROM YOU KNOW TWO THREE YEARS AGO BUT BEEN HOLDING STEADY THE  LAST YEAR AND A HALF. AND HERE'S YOUR INSIDE SCOOP THE THIRD  QUARTER RATING IS GOING TO COME IN AT SIX POINT FIVE DOWN JUST A  SMIDGE FROM 6.6 BUT BASICALLY HOLDING. AND REALLY IF I LOOK BACK  OVER THE LAST FOUR YEARS THE AVERAGE DROP IN THE THIRD QUARTER HAS  BEEN POINT FOUR POINTS BECAUSE THERE ARE IS A SOFT TIME YEAR TO  SELL AT AUCTION. SO THE ONLY DROPPED POINT ONE POINT HOLDING IN  THERE PRETTY STEADY. NOW ANOTHER WAY TO LOOK AT IT. HERE'S A 2011  VERSATILE 305 1063 HOURS ON IT SOLD SEPTEMBER 12TH FARM AUCTION  IN NORTHERN IOWA BROUGHT 93000 BUCKS. NOW I COMPARE THAT TO A  VERY SIMILAR ONE. ANOTHER 11 MODEL WITH OVER 400 FEWER HOURS  THAT SOLD OUT AN AUCTION NORTHEAST MISSOURI BACK END OF JANUARY.  THAT ONE ONLY BROUGHT $90000 SO AGAIN GOOD CONDITION. HIGH  HORSEPOWER TRACTORS VALUES PRETTY MUCH HOLDING.

TEASE
UP NEXT 'IN THE COUNTRY' - PUTTING THE "F" IN  PHARMACY. < I'M CHARLES DENNEY. WE HAVE A PRESCRIPTION TO  FILL AT A "FARM'-ACY. BUT HERE THE ORDER IS FOR  HEALTHY PRODUCE. THAT STORY FROM JONESBORO,  TENNESSEE. THAT STORY COMING UP ON AGDAY"

IN THE COUNTRY
EATING FRESH PRODUCE IS A SMART WAY TO STAY  HEALTHY. AND WHAT IF YOU COULD GET AN ACTUAL  PRESCRIPTION FOR FRUITS AND VEGETABLES? THAT'S THE IDEA WITH THE TENNESSEE APPALACHIAN  "FARMACY" PROGRAM – WHERE "FARMACY" IS SPELLED  WITH AN "F." . CHARLES DENNEY SHOWS US HOW FARMER'S MARKETS  ARE PART OF THIS EFFORT.  (   IT'S NOT YOUR TYPICAL FARMACY - SPELLED WITH AN "F" AND NOT A  "PH.BUT ALSO THE LOCALE AND THE MEDICINE ARE DIFFERENT. UT EXTENSION AGENT ELIZABETH ELIZONDO IS SHOPPING AT THE  BOONE STREET FARMER'S MARKET IN JONESBOROUGH, LOADING UP ON  FRUITS AND VEGETABLES. AND HERE'S THE DESTINATION FOR THAT HEALTHY PRODUCE – THE  JOHNSON CITY COMMUNITY HEALTH CENTER. UT EXTENSION TEACHES COOKING CLASSES HERE AS PART OF THE  APPALACHIAN "FARMACY" PROGRAM. (ELIZABETH ELIZONDO) "IN THOSE COOKING CLASSES, WE TALK ABOUT BASIC NUTRITION, ABOUT  EATING MORE FRUITS AND VEGETABLES, WE'LL TALK ABOUT FOOD SAFETY  AND JUST KIND OF HOW TO PRESERVE THEIR FOOD TO MAKE IT LAST  THROUGH THE WINTERTIME."  CLASS COOKERS SLICE AND DICE PRODUCE,  LEARNING TO MAKE STIR FRY AND SAUTÉED DISHES. BUT ALSO PEOPLE HERE ARE ENCOURAGED TO VISIT FARMERS MARKETS. AND MANY SAY THAT'S WHERE THEY FIND GOOD BARGAINS. (HELEN  WRIGHT) "I'M ABLE TO GET VEGETABLES THERE THAT I LIKE THAT I CAN'T GET AT THE  GROCERY STORE SUCH AS SMALL POTATOES INSTEAD OF LARGE, SMALL  ONIONS INSTEAD OF LARGE. AND I CAN USE WHATEVER I NEED." AS PART OF THE FARMACY PROGRAM, FAMILIES AND ELDERLY PEOPLE ARE  PRESCRIBED VOUCHERS THEY CAN CASH IN FOR HEALTHY FOODS. A FAMILY OF FOUR CAN RECEIVE UP TO $28 A WEEK TO SPEND AT A  FARMER'S MARKET.  (LEXY CLOSE) "SO IT'S FRAMED AS A PRESCRIPTION. THEY'RE LITERALLY PRESCRIBED  FRUITS AND VEGETABLES BY THEIR CARE PROVIDER, USUALLY A NURSE IN  HIS CASE. AND IT COMES IN THE FORM OF THESE COUPON BOOKLETS." (CHARLES DENNEY) "CONSIDER TOO THE ECONOMIC IMPACT. PEOPLE  HERE ARE SPENDING THEIR VOUCHERS AT WASHINGTON COUNTY  FARMER'S MARKETS – MORE THAN $50,000 IN USDA GRANT MONEY  THAT GOES FOR LOCALLY GROWN PRODUCE."   BY THE END OF CLASS, IT'S  TASTY REWARD TIME. THE OLE SAYING ABOUT AN APPLE A DAY KEEPING THE DOCTOR AWAY  REALLY DOES APPLY HERE.  AND REGARDLESS OF HOW YOU SPELL FARMACY, IT'S A LOCATION WE CAN  VISIT TO GET HEALTHIER. THIS IS CHARLES DENNEY REPORTING. 

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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