TAGS: Marketing, Overseas
December 18, 2014
TODAY ON AGDAY
MARCH 14, 2018
HEADLINES
A PLOY TO TURN A POSSIBLE TRADE WAR INTO A TRADE ADVANTAGE. <WE'VE HEARD THE CHINESE SAY DIRECTLY THAT THEY WOULD RETALIATE AGAINST AMERICAN SOYBEAN IMPORTS. WHY SOYBEAN GROWERS SAY IT'S AG PRODUCTS THAT CAN ADDRESS A GROWING TRADE DEFICIT. MORE SHAKEUP IN THE R-F-S WORLD, WITH A POSSIBLE GOVERNMENT BAILOUT IN THE WORKS. IN AGRIBUSINESS, BREAKING DOWN THE TECHNICAL TRADES IN COMMODITIES TODAY AND BREAKING THE MOLD IN GROWING CORN <THE SEED TECHNOLOGIES HAVE BROUGHT US TO WHERE I DO FEEL THAT THE GENETIC POTENTIAL IS ABOUT 800 TO ABOUT 850 BUSHELS IN A BAG WHEN YOU GO TO OPEN IT > MEET THE MAN BEHIND THE 500 BUSHEL CORN CROP THIS YEAR AS WE HEAD IN THE COUNTRY. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD.
GROWING TRADE DEFICIT
GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. U-S SOYBEAN GROWERS NOW TRYING TO PLAY TO THE PRESIDENT'S PAIN POINT OF A GROWING TRADE DEFICIT, SAYING AVOIDING A TRADE WAR IS ONE WAY TO EAT AWAY AT THE TRADE GAP. POLITICO REPORTING THAT JUST LAST WEEK PRESIDENT DONALD TRUMP TELLING HIS CABINET SECRETARIES TO HIT CHINA WITH STEEP TARIFFS IN REPSONSE TO ALLEGATIONS OF INTELLECUTAL PROPERTY THEFT THOSE TARIFFS COULD BE PLACED ON MORE THAN 100 CHINESE PRDUCTS THE AMERICAN SOYBEAN ASSOCIATION SENDING A LETTER TO PRESIDENT TRUMP THIS WEEK, URGING THE PRESIDENT TO MODIFY IF NOT REVERSE HIS DECISION TO SLAP TARIFFS ON STEEL AND ALUMINUM IMPORTS- IN ORDER TO AVOID A TRADE WAR. ASA SAYS FOR THE LAST 20 YEARS, U-S SOYBEANS HAVE CONTRIBUTED MORE TO THE U-S TRADE BALANCE THAN ANY OTHER AGRICULTURAL PRODUCT. AND THAT AGRICULTURE CAN MAKE A POWERFUL CONTRIBUTION TO THE PRESIDENT'S GOAL OF REDUCING THE TRADE DEFICIT, BUT ONLY IF POLICIES ENHANCE AG'S COMPETITIVE EDGE IN THE GLOBAL MARKETPLACE. PATRICK DELANEY OF AMERICAN SOYBEAN ASSOCIATION SAYS RETALIATION WILL SEND SHOCK WAVES THROUGH THE FARM ECONOMY. <WE'VE HEARD THE CHINESE SAY DIRECTLY THAT THEY WOULD RETALIATE AGAINST AMERICAN SOYBEAN IMPORTS. TO THAT COUNTRY. THAT'S A HUGE DEAL. THEY BUY MORE OF OUR BEANS THAN THE REST OF HTE WORLD COMBINED TO THE TUNE OF 14 BILLLION DOLLARS THE LAST MARKETING YEAR> TO GIVE YOU AN IDEA OF JUST HOW MUCH SOYBEANS ARE TRADED BETWEEN THE U-S AND CHINA, ASA SAYS IN 2017, U-S FARMERS PRODUCED A RECORD 4 POINT 4 BILLION BUSHELS OF SOYBANS. . AT THE SAME TIME, CHINA PURCHASED 2 POINT 3 BILLION BUSHELS, OR 52 PERCENT. USDA RECENTLY SHOWING THAT CHINA ACCOUNTS 65 PERCENT OF U-S SOYBEAN EXPORTS. AND IN 10 YEARS, THAT SHARE COULD GROW TO 70 PERCENT. MORE SHAKE-UP IN THE TRUMP ADMINSTRATION, AS THE PRESIDENT FIRED SECRETARY OF STATE REX TILLERSON ON TUESDAY.
TILLERSON FIRED
AND NOW SOME IN AG ARE WORRIED ABOUT WHAT IT COULD MEAN FOR FUTURE TRADE WITH CHINA. THE PRESIDENT ANNOUCNING HE WILL REPLACE TILLERSON WITH CURENT CIA DIRECTOR MIKE POMPEO. TILLERSON WAS A FORMER OIL EXECUTIVE, BUT HAD TAKEN A SOFTER STANCE THAN SOME IN THE WHITE HOUSE TO ADDRESSING THE TRADE IMBALANCE WITH CHINA. THE CHANGE OCCURS LESS THAN A WEEK AFTER THE PRESIDENT'S CHIEF ECONOMIST- GARY COHN- RESIGNED OVER DIFFERING OPINIONS WITH THE PRESIDENT'S TOUGH TRADE STANCE.
RFS SAGA CONTINUES
THE SAGA OVER THE RENEWABLE FUELS STANDARD CONTINUES, AS THE ENVIRONMENTAL PROTECTION AGENCY IS NOW PROPOSING TO PARDON EAST COAST REFINER PHILADELPHIA ENERGY SOLUTIONS FROM COMPLYING WITH THE NATION'S RFS. IT'S A GOVERNMENT BAILOUT WITH A SETTLEMENT FILED MONDAY PROPING TO WAIVE A PORTION OF THE 350 MILION DOLLARS OWED BY PHILADELPHIA ENERGY WITH THE RENEWABLE FUELS STANDARD. THE EPA AGREEING THAT THE REFINER WILL ONLY HAVE TO PAY ABOUT HALF THOSE COSTS NOW, AND THE OTHER HALF ONCE AND IF THE BANKFUPTCY SETTLEMENT IS RESOLVED. THE PROPOSAL STILL NEEDS TO BE APPROVED BY THE BANKRUPTCY COURT, BUT THE IDSPUTE NOW HAS A 10- DAY PUBLIC COMMENT PERIOD. BUT THE RENEWABLE FUELS INDUSTRY IS OPPOSING THE MOVE. THE REFINER IS BLAMING THE R-F-S FOR ITS FINANCIAL WOES. REEWABLE FUELS ASSOCIATION CEO BOB DINNEEN SAYING, QUOTE, AT FIRST BLUSH, THIS STRIKES US AS REWARDING BAD BEHAVIOR AND ITS SETS AN EXTRAORDINARLY BAD PRECEDENT. END QUOTE. PETE MEYER OF S&P GLOBAL PLATTS AGREES. <IT SETS A DANGEROUS PRECEDENT. A PRECEDENT THAT THE TARGET IS MOVING WHAT SEEMS TO BE ON A DAY TO DAY BASIS NOW. > <DON'T FORGET THAT SENATOR CRUZ SHOWED UP AT PES AND GAVE A ROUSING SPEECH BEFORE HE WENT TO WASHINGTON, THAT'S LESS THAN A MONTH AGO, AND NOW ALL OF A SUDDEN, THERE SEEMS TO BE A RESCENDING OF THE DEBT. ITS' A TOUGH CALL BUT I WOULD UNDERSTAND WHY THE ETHANOL BUSIENSS IS UPSET WITH THIS BECAUSE IT'S BECOME A MOVING TARGET> AFTER THE PROPOSAL HIT, THE PRICE OF RINS FELL TO THE LOWEST POINT IN A BOUT A YEAR, TO JUST UNDER 40 CENTS.
SYNGENTA LAWSUIT ENDING
A LAWSUIT THAT SPANS OVER A COUPLE YEARS OVER M- I-R 162 IS COMING TO A CLOSE. IN A NATIONWIDE CLASS ACTION LASWUIT, SYNGENTA WILL PAY A ONE-AND-A-HALF BILLION DOLLAR SETTLEMENT TO CORN FARMERS, GRAIN HANDLING FACILTIIES, AS WELL AS ETHANOL PLANTS FOR CORN PRICED AFTER SEPTEMBER 15TH, 2013. . OUR REPORTING PARTNERS AT AGWEB SAY ALL FARMERS ARE ELIGIBLE FOR THE SETTLEMENT. THAT INCLUDES THOSE WHO DIDN'T PARTICIPATE IN PREVIOUS SYNGENTA LAWSUITS. THE PLAINTIFFS ALLEGED SYNGETNA INTRODUCED THE AGRISURE VIPTERA CORN BEFORE IT WAS APPROVED BY CHINA, AND THAT RESULTED IN AN INCOME LOSS AFTER CHINESE PORTS REJECTED CORN SHIPMENTS CONTAINING THE TRAIT. IN A STATEMENT, SYNGENTA SAID QUOTE, THIS SETTLEMENT DOES NOT CONSTITUTE AND ADMISSION BY EITHER SIDE, END QUOTE. SO HOW CAN YOU BE ELIGIBLE TO RECEIVE THAT MONEY? CHECK YOUR MAILBOXES AS ONCE FUNDS ARE AVAILABLE, FARMERS MUST SUBMIT A CLAIM FORM THAT WILL LIKELY COME IN THE MAIL. THE SETTLEMENT MUST BE APPROVED BY A FEDERAL JUDGE IN KANSAS. . AND THE SETTLEMENT DOES NOT INCLUDE THE EXPORTERS CARGILL AND ADM THAT ARE ALSO SUING SYNGENTA.
CROP COMMENTS
THE WEATHER PHENOMENON BEHIND THE DROUGHT IN THE CENTRAL PLAINS THIS WINTER IS FADING AWAY. AT JUST THREE MONTHS IN DURATION, THIS 'LA NINA' IS ON OF THE SHORTEST IN ABOUT A DECADE. . AUSTRALIA'S BUREAU OF METEOROLOGY SAYS THE SEA SURFACE TEMPERATURES IN THE PACIFIC OCEAN HAVE STEADILY WARMED SINCE DECEMBER. . WHEN THE PACIFIC WATERS COOL, THE REACTION TO THE ATMOSPHERE CAUSES LA NINA AND IMPACTS WEATHER PATTERNS. . IN ADDITION TO THE DRIED OUT FIELDS FROM KANSAS TO TEXAS, LA NINA IS ALSO TO BLAME FOR THE PARCHED SOYBEAN CROPS IN ARGENTINA. LET'S TURN NOW TO METEOROLOGIST MIKE HOFFMAN FOR HIS CROP COMMENTS, MIKE. GOOD MORNING, TYNE. LET'S START OFF IN DENNISON, MINNESOTA. MATT BRAUN SAYS THE SEMIS ARE OUT OF THE SHOP, WASHED AND READY FOR SOD HARVEST. THE U.S. DROUGHT MONITOR SHOWS A SMALL CHUNK OF MINNESOTA, ROUGHLY 15 PERCENT, IS ABNORMALLY DRY. A LITTLE TO THE NORTH, LANDON FRIESEN SHOWING IS A BEAUTIFUL MORNING IN MANITOBA! TEMPERATURES ARE LINGERING IN THE LOW 30S. AND TAKING A LOOK AT THE WIND SPEED FORECAST. YOU CAN SEE THE NORTHEAST EASTERN GREAT LAKES GOING TO BE THE WINDIEST AREAS THIS MORNING THAT WILL EXPAND INTO THE MID-ATLANTIC PARTS OF THE CENTRAL PLAINS AND ESPECIALLY THE SOUTHWEST AND THE SOUTHWEST IS GOING TO BE A FOCUS TOMORROW NOT NECESSARILY IN THE MORNING. IT WILL BE A LITTLE BREEZY IN THE TENNESSEE AND OHIO VALLEYS NORTHERN PLAINS EASTERN MONTANA IT REALLY BECOMES WINDY AS WE HEAD THROUGH THE AFTERNOON HOURS ESPECIALLY SOUTH OF THE FOUR CORNERS REGION. BUT THERE ARE OTHER PLACES AROUND THE COUNTRY THAT TURN KIND OF WINDY TOMORROW AS WELL. WE'LL HAVE YOUR FORECAST FOR THE REST OF THE WEEK COMING UP IN JUST A FEW MINUTES. FIRST HERE ARE SOME HOMETOWN TEMPS0 ( YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM. SEARCH EQUIPMENT FROM DEALERSHIPS ACROSS THE COUNTRY TO FIND WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT COM. )
TEASE
STILL TO COME, GETTING TECHNICAL WITH THE TECHNICALS OF TRADING. LATER - THE FARMER WHO KNOWS HOW TO GROW RECORD SIZED CORN CROPS SAYS THE POTENTIAL IS THERE FOR ANY FARMER TO GET THOSE MASSIVE NUMBERS. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM. MORE WEED CONTROL. LESS DRIFT AND VOLATILITY. MAXIMUM YIELD POTENTIAL.
AGRIBUSINESS
AS WE SAID EARLIER, CLINTON IS ON ASSIGNMENT. BUT BEFORE HEADING OUT, HE TALKED ABOUT TECHNICAL TRADING WITH ONE OF OUR EXPERTS IN THAT FIELD. MIKE FLOREZ OF FLOREZ TRADING IS OUR GUEST TODAY IS GOING TO SHOW US SOME OF THE TECHNICAL INDICATORS THAT WE MIGHT BE ABLE TO USE AS WE'RE TRYING TO MAKE DECISIONS OF WHAT THESE MARKETS ARE GOING TO DO. MIKE BECAUSE YOU KNOW A LOT OF TIMES THESE FUNDAMENTALS JUST DON'T MAKE SENSE. THE LESS YOU KNOW THE BETTER OFTEN. THAT'S RIGHT THE LESS YOU KNOW THE BETTER. ALL RIGHT. SO WALK US THROUGH SOME OF THE INDICATORS THAT YOU USE AS A TECHNICAL TRADER THAT SAY HEY THE MARKET MAY BE MOVING THIS DIRECTION? RIGHT. THE FIRST ONE IS CALLED A ONE TO THREE BOTTOM OR AN ABC BOTTOM WHATEVER YOU WANT TO CALL IT. AND SO HERE'S AN EXAMPLE OF IT. SO THE MARKET GOES DOWN AND MAKES A NEW LOW. AND THAT'S POINT NUMBER ONE THEN FOR WHATEVER REASON IT GOES UP AND GIVES YOUR RALLY. THAT'S POINT NUMBER TWO THAT HIGH POINT. THEN IT COMES BACK DOWN AGAIN. AND THE KEY OF THIS THREE POINT IS THAT IT HAS GOT TO BE HIGHER THAN THE ONE POINT. IT'S GOT TO BE A HIGHER LOW. WHERE YOUR BUY SIGNAL COMES IN IS WHEN THIS POINT IS TAKEN OUT ON THE UPSIDE. SO AS SOON AS YOU BUY IT YOUR STOP HAS TO GO BLOW THE NUMBER ONE LOW. A NEW LOW WOULD TAKE YOU OUT OF THE MOVE. AS YOU CAN SEE THESE ARE MULTI-WEEK MOVES THAT YOU'VE GOTTEN. THIS ONE OVER A THREE WEEK PERIOD LETS SAY SO. A HIGH. A LOW. HIGH A LOWER HIGHER. AND THE YOU SELL IT WHEN IT GOES BELOW THIS NUMBER 2 POINT. AS YOU CAN SEE WE HAD A QUITE A BIG DECLINE. SURE. AND YOU SEE AN EXAMPLE OF IT HERE. WHAT'S INTERESTING ON THIS HIGH IT CALLED THE HIGH PERFECTLY THIS THIS SUMMER, THIS WHOLE FORMATION ONLY LASTED A COUPLE OF WEEKS BUT AS SOON AS THAT NUMBER TWO POINT WAS EXCEEDED BAM DOWN YOU GO AND YOU REALLY HAD A BIG TUMBLE. AS WE COME INTO THE END OF SEPTEMBER WE'RE POTENTIALLY MAKING A ONE TO THREE BOTTOM IT HASN'T COMPLETED YET AND ONCE THESE HIGHS ARE TAKEN OUT THAT YOUR BUY SIGNAL YOUR STOP GOES UNDERNEATH AND YOU COULD SEE A SIGNIFICANT RALLY UP AS WE GO THROUGH THE FALL. SO REALLY IT BOILS DOWN TO HIGHER HIGHS AND LOWER LOWS AND THOSE BEING YOUR INDICATOR FROM A TECHNICAL TRADING PERSPECTIVE. ROLL TO THE NEXT SLIDE THERE GUYS AND WE'LL LOOK AT THIS OTHER EXAMPLE I THINK THIS IS OVER A LONGER PERIOD OF TIME THOUGH MIKE. THIS ONE GOES FROM OCTOBER TO MARCH THIS WHOLE FORMATION HERE. SO THE HIGH POINT, A BREAK, A LOWER HIGH AND WHEN THAT'S EXCEEDED ON THE DOWNSIDE YOU REALLY HAD A BIG TUMBLE THAT LASTED A MULTI-WEEK AND ITS A VERY LARGE MONEY MOVE THAT YOU HAD. SO WE'RE FORMING A LOW POTENTIALLY A LOW HERE NOW AS WE GET INTO THE EARLY OCTOBER SO YOUR BUY SIGNAL WON'T BE OCCURRING UNTIL THIS HIGH IS TAKEN OUT. SO THAT HAS NOT OCCURRED YET. BUT IF YOU DO BUY IT YOUR STOP HAS TO GO BELOW HERE. OK. ALL RIGHT. SO THOSE ARE SOME PRETTY EASY WAYS SOME VERY WAYS THAT YOU CAN LOOK AT A CHART AND KIND OF HAVE SOME SORT OF IDEA OF WHAT YOU MAY EXPECT. THIS WILL GIVE YOU A LONGER TERM PERSPECTIVE ON WHERE THE MARKETS GOING; A TRADE THE LAST SAY THREE TO FIVE WEEKS. RIGHT. PERFECT. THANKS MIKE. THANKS FOR BEING HERE. WE'LL BE BACK IN JUST A MINUTE. > AGDAY - BROUGHT TO YOU BY PROSARO FUNGICIDE FROM BAYER. >
WEATHER
WELCOME BACK. TIME NOW TO CHECK WEATHER WITH METEOROLOGIST MIKE HOFFMEN. MIKE THIS STORM IN THE NORTHEAST THESE NUMBERS JUST KEEP GROWING THEY ARE GETTING HAMMERED. I MEAN I KNOW WE'RE IN THAT PATTERN WHERE THOSE STORMS DO MAKE IT OFF THE EAST COAST REALLY. SPINNING IN THAT THAT VERY WARM WATER OF THE GULF STREAM AND BOY THAT'S JUST BEEN CRANKING UP THOSE STORMS AND THAT STORM SURE ISN'T MOVING VERY QUICKLY THIS MORNING. IT'S JUST CONTINUING TO POUND LIKE TINE SAID A LOT OF NEW ENGLAND EASTERN GREAT LAKES AS WELL. COLD FRONT SECONDARY COLD FRONT FIRST ONES WELL OFFSHORE NOW KIND OF MOVING THROUGH THE MID-ATLANTIC. NOT A LOT OF MOISTURE WITH THAT BUT SOME LAKE EFFECT SNOW ALL THE WAY DOWN INTO THE CENTRAL APPALACHIANS. BEHIND THAT SYSTEM THERE IS A PRETTY STRONG SYSTEM AS WELL WITH ANOTHER ONE LINGERING BEHIND IT THAT'S GOING TO BE KIND OF FOLDING IN. AND ANOTHER COLD FRONT COMING THROUGH THE NORTHERN PLAINS WON'T HAVE MUCH MOISTURE WITH IT BUT IT IS GOING TO KEEP IT FROM WARMING UP VERY QUICKLY IN THOSE AREAS KIND OF KEEPING IT ON THE CHILLY SIDE ACROSS THE NORTHERN PLAINS. YOU CAN SEE BY LATER TODAY STILL SNOWING MOST OF THE NORTHEAST. RAIN AND MOUNTAIN SNOW IN THE WEST THAT CONTINUES BACK INTO PARTS OF CALIFORNIA AND OREGON AS WELL HEADING THROUGH TONIGHT. STORM SYSTEM FINALLY STARTS TO TAKE OFF TO THE NORTH BUT THE SECONDARY SYSTEM KIND OF DIVING IN WE'LL HAVE A LITTLE BIT OF SNOW IN THE EASTERN GREAT LAKES WITH THAT. AND THERE'S STILL LINGERING SNOW IN NEW ENGLAND. THE FIRST SYSTEM COMING OFF OF THE EASTERN PORTIONS OF THE ROCKIES BY TOMORROW WITH AN AREA OF LOW PRESSURE FORMING ALONG THAT KIND OF STALLING OUT THAT FRONT THROUGH THE MIDDLE OF THE COUNTRY. AND THERE'S THAT NEXT SYSTEM COMING INTO THE WEST COAST. MORE RAIN MOUNTAIN SNOWS FOR CENTRAL NORTHERN CALIFORNIA THAT'S ACTUALLY GOOD NEWS OVERALL. THOSE AREAS DIDN'T GET A WHOLE LOT DURING THIS WINTER SEASON THIS PAST WINTER PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. YOU CAN SEE THE BIG TIME AMOUNTS IN THE NORTHEAST. THAT'S ALL SNOW AND PRETTY BIG AMOUNTS THERE IN THE NORTHERN AND CENTRAL SIERRA NEVADA MOUNTAINS AND THAT WE CONTINUE TO ADD IT IN THOSE AREAS WE CONTINUE TO ADD IT IN THE NORTHEAST BOTH OF THOSE PLACES HAVE MAINLY SNOW THOUGH AND WHEN YOU LOOK AT THE SNOWFALL ESTIMATE ALREADY HUGE AMOUNTS ON THE GROUND IN MUCH OF NEW ENGLAND WE'RE GOING TO ADD A LITTLE BIT MORE OVER THE NEXT 36 HOURS. AND WE ARE GOING TO ADD MORE INTO HIGHER ELEVATIONS OF THE ROCKIES AS WELL. HIGHS TODAY 30S AND 40S IN THE NORTHEAST GREAT LAKES 60S BY THE TIME WE GET TO THE GULF COAST LOW TEMPERATURES TONIGHT GOING TO DROP OFF PRETTY COLD INTO THE TEENS AND 20S ACROSS THE NORTHERN TIER OF STATES 40S AND 50S SOUTHERN PLAINS. AND BY THE TIME WE GET TO TOMORROW AFTERNOON IT STARTS TO WARM UP A LITTLE BIT TEMPORARILY FOR THE SOUTHERN PLAINS STATES EVERYBODY ELSE KIND OF ON THE CHILLY SIDE ALL BECAUSE OF THIS HUGE TROUGH KIND OF IN THE EAST. AS YOU CAN SEE THAT'S THAT BIG STORM MOVING UP. WE HAVE MORE ENERGY KIND OF FEEDING THROUGH THE RIDGE. SO THE RIDGE GETS KNOCKED DOWN COMES BACK UP AGAIN BY THE MIDDLE OF NEXT WEEK INTO THE WESTERN PLAINS. BUT STILL A TROUGH EAST AND WEST SAME PATTERN. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS HEADING TO FRESNO CALIFORNIA. FIRST OF ALL MOSTLY CLOUDY WITH SHOWERS AROUND HIGH OF 62 OTTUMWA IOWA PARTLY SUNNY RATHER MILD HIGHER AROUND 59 IN LYNCHBURG VIRGINIA. IT WILL BE COLD THERE WITH CLOUDS AND SUNSHINE HIGH OF JUST 390
TEASE
WHAT WOULD BE "DREAM YIELD" FOR YOUR CROPS? LATER, MEET A FARMER WHO TEACHES HOW TO REACH THAT LOFTY GOAL. BUT FIRST, USDA MAKES CHANGES TO ORGANIC LIVESTOCK RULES. DETAILS STRAIGHT AHEAD.
PACKER TV
MORE STRINGENT REGULATIONS FOR ORGANIC PRODUCERS AND HANDLERS ARE NOW GOING AWAY. THE ORGANIC LIVESTOCK AND POULTRY PRODUCERS PRACTICES FINAL RULE WAS INTROUCED MORE THAN A YEAR AGO. CRITICS SAYS THE RULE WOULD HAVE INCREASED FEDERAL RECUTLATIONS ON ORGANIC PRODUCERS, DRIVING UP COSTS AND ULTIMATELY DRIVING THEM OUT OF BUSINESS. . BUT SUPPRTERS OF THE RULE SAY REMOVING THE REGULATION WILL CREATE LOOPHOLES FOR LARGER PROCESSORS TO EXPLOIT. . USDA DETERMING THE RULE EXCEEDS THE DEPARTMENT'S STATUTORY AUTHORITY, AND WOULD HAVE HAD NEGATIVE EFFECTS. THE WITHDRAWAL GOES INTO EFFECT MAY 13TH. IN OTHER NEWS - STILL RED-FACED AFTER A PLAN TO DRAW TYSON FOODS TO NORTHEAST KANSAS 'WENT SOUTH', THE STATE'S LAWMAKERS APPROVED LEGISLATION AIMED AT ATTRACTING LARGE CHICKEN- PROCESSING PLANTS TO KANSAS. . THIS BILL WOULD ALLOW BIGGER POULTRY BARNS WITHIN A MILE OF RESIDENTIAL AREAS. THE HOUSE APPROVED IT MONDAY, THE SENATE APPROVED IT LAST MONTH. . YOU MAY REMEMBER TYSON TRIED TO BRING A 320- MILLION DOLLAR CHICKEN PROCESSING COMPLEX TO THE TOWN OF TONGANOXIE (TONG-UH-NOX-EE). BUT THE COMPANY WITHDREW THE PLANT AFTER BACKLASH FROM THE COMMUNITY. LAWMAKERS IN FAVOR OF THE BILL SAY THAT REVISING STATE STANDARDS WILL ENCOURAGE TYSON OR OTHER COMPANIES TO BRING NEW JOBS TO THE STATE.
TEASE
THE NATIONAL AVERAGE YIELD FOR CORN LAST YEAR WAS 176 BUSHELS AN ACRE. BUT A VIRGINIA FARMER TOPPED 500! AND HE SAYS THE INDUSTRY CAN DO EVEN BETTER! HIS STORY IS NEXT.
IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND MORE. VISIT KUBOTA.COM TODAY. ONE VIRGINIA FARMER SET A NEW WORLD RECORD FOR CORN YIELDS THIS YEAR. AT 542 BUSHELS PER ACRE, IT'S A FEAT THAT MAY SEEM UNACHIEVABLE TO MOST. BUT HE SAYS HIS RECIPE FOR SUCCESS IS SIMPLE. <BOY, IT WAS SOMETHING SPEICAL > FOR DAVID HULA, GROWING IMPRESSIVE YIELDS IS NOTHING NEW. BUT IN 2017, HE ACHIEVED WHAT SEEMED TO BE THE IMPOSSIBLE . <SO AFTER WE STARTED PULLING THE EARS BACK, AND COUNTING THE KERNELS PER EAR AND DOING THE MATH, WE THOUGHT WE HAD SOMETHING PRETTY GOOD THEN. BUT THEN IT'S NOT UNTIL THE COMBINE HIT THEFIELD THAT YOU ACTUALLY REALIZE WHAT YOU HAD > AND WHAT HULA HAD WAS EXTRAORDINARY... PULLING IN A YIELD OF 542 BUSHELS PER ACRE. <OF COURSE EVERYBODY THINKS THERE'S A SILVER BULLET. THEY THINK IT'S A SPECIAL PIECE OF DIRT,> HULA SAYS NOT ALL HIS ACRES REACH THAT 500 BUSHEL PER ACRE MARK. BUT HE BELIEVES THE YIELD POTENTIAL IS THERE FOR SOME GROUND TO PRODUCE EVEN HIGHER YIELDS. <THE SEED TECHNOLOGIES HAVE BROUGHT US TO WHERE I DO FEEL THAT THE GENETIC POTENTIAL IS ABOUT 800 TO ABOUT 850 BUSHELS IN A BAG WHEN YOU GO TO OPEN IT > HE USES MORE OF A DEFENSIVE STRATEGY FOR GROWING CORN. <TODAY WE CAN'T MAKE MORE BUSHELS. IT'S JUST A STYEM ON HOW WE'RE ABLE TO PROTECT THE BUSHELS ONCE WE PLANT IT> HE SAYS WITH THE POTENTIAL TO GROW 800 BUSHEL PER ACRE CORN, IT'S DEFENDING THOSE BUSHELS FROM THE START THAT'S KEY. <THE SEEDS GOING TO CARRY YOU SO FAR. IT GIVES YOU THAT FOUNDATION AND THEN THE MANAGEMENT SIDE IS THE KEY TO WHERE IT ALLOWS YOU TO SAVE AS MANY BUSHELS AS YOU CAN. BEUCASE YOU CAN'T MAKE BUSHELS YOU'RE JUST PROTECTING HTEM THROUGHOUT THE GROWING SEASON> WHILE ON HIS QUEST FOR HIGER YIELDS, HULA SAYS HE'S LEARNED HAVING EVEN EMERGENCE IN TEH SPRING, PLUS GENERATING STRONG PLANT HEALTH IS KEY IN GROWING MORE BUSHELS. BUT IN ORDER TO DO SO, HE SAYS GROWERS NEED TO BREAK OUT OF THE MOLD. <MOST GROWERS AREN'T WILLING TO TRY SOETHING NEW. THEY'RE KIND OF IN THAT INSANITY MODEL. THEY JUST KEEP DOIGN THE SAME THING OVER AND OVER AGAIN.> HE SAYS HAVING HIGH YIELDING CORN ISN'T CHEAP. SO, IF YOUR YIELD GOAL INCREASES, SO SHOULD YOUR COST OF PRODUCTION. < WELL I WOULD RECOMMEND TO MOST GROOWERS IS TO TAKE ONE SECTION OF SOME FIELD AND TRY SOMETHING NEW THAT THEY HAVN'T DONE IN TE PAST. AND SEE HOW IT FILTERS OUT. AND IF THEY AHVE GOOD SUCCESS THERE, TRY IT ON MORE ACRES THE FOLLOWING YEAR. OR TRY MULTIPLE THINGS . BECAUSE I'VE HAD A LOT MORE FAILSURES THAN I'VE HAD SUCCESSES AND IF I CONTINUE TO KIND OF STOP BECUASE I FAILED, WE WOULDN'T BE WHERE WE ARE TODAY> BY TAKING HIS YIELDS TO NEW HEIGHTS, HULA HOPES THAT 800 BUSHEL CORN ISN'T FAR OUT OF HIS REACH. HULA TOLD US HE CONTINUES TO HEAR ABOUT COMPANIES' GOAL OF RASING 300 BUSHEL PER ACRE CORN BY 2030. . AND HE SAYS WITH THE NATIONAL AVEREAGE LAST YEAR YEATING 176 BUSHELS PER ACRE, HE THINKS THE FOUNDATION IS THERE FOR THAT LOFTY YIELD GOAL TO BECOME A REALITY.
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.