AgDay Daily Recap -April 15, 2016

April 15, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 15, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -THE U-S NOTCHES A TRADE "WIN" OVER CHINA. FARM GROUPS TELL CONGRESS ABOUT THE ROUGH ROAD AHEAD FOR PRODUCERS. "FARMERS OPERATING DEBT HAS GROWN FROM $24 BILLION IN 2012 TO MORE THAN $165 BILLION TODAY." PRESSURE STRENTHENS TO ENACT A MAJOR TRADE DEAL. "TPP IS THE HIGHEST STANDARD TRADE DEAL EVER REACHED. PERIOD."  AND WITH A SPRING RALLY IN THE BEAN MARKET, WHAT DO YOU DO WITH IT? AND ACCESSIBLE HEALTH CARE IN RURAL AMERICA IS ON THE MOVE.
CHINA REPRIMANDED BY WTO:
GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON GRIFFITHS. THE TOP TRADE ORGANIZATION REPRIMANDING CHINA FOR ITS UNFAIR TRADE POLICY. CHINA IS TERMINATING PART OF ITS EXPORT SUBSIDIES THAT THE U-S DEEMED UNFAIR. THAT'S THANKS TO AN AGREEMENT BETWEEN THE U-S AND CHINA SIGNED THIS WEEK. U-S TRADE REPRESEANTIVE MICHAEL FROMAN SAYS THE U-S FILED A DISPUTE WITH THE WORLD TRADE ORGANIZATION, AS THE CHINESE WERE SUBSIDIZING TRADE.
SUBSIDIES PROHIBITED BY WTO:
THE WTO EXPRESSLY PROHIBITS GOVERNMENTS FROM MEMBER COMPANIES FROM PROVIDING SUBSIDES LIKE THIS TO PRIVATE INDUSTRY IF THOSE SUBSIDIES ARE CONTINGENT ON INCREASING EXPORTS. BUT THESE CHINESE SUBSIDIES WERE DOING EXACTLY THAT, DISTORTING THE GLOBAL MARKET AND DISADVANTAGING AMERICAN EXPORTERS INCLUDING MANUFACTURERS IN TEXAS, FARMERS AND MEDICAL DEVICE MAKERS IN CALIFORNIA AND THE TEXTILE INDUSTRY IN OREGON. FROMAN SAYS UNDER THIS AGREEMENT, CHINA WILL NEED TO PLAY BY THE SAME RULES AS THE U-S, AND WILL BE CRUCIAL FOR U-S FARMERS AND RANCHERS.
SOME OF CHINA’S CORN MAY BE SOON BE EXPORTED :
AS THE WORLD'S CORN STOCKS GROW, MORE THAN HALF OF THAT IS SITTING IN CHINA. BUT A NEW REPORT FROM THE USDA BEIJING BUREAU SHOWS THE BOLD SHAKEUP IN THE COUNTRY'S CORN POLICY COULD CUT CORN STOCKS FOR THE FIRST TIME IN SIX YEARS. THE FINANCIAL TIMES REPORTING CHINA COULD START EXPORTING SOME OF THAT GRAIN. THE LAST TIME CHINA EXPORTED CORN WAS IN THE 2006 TO 2007 CROP YEAR, WHEN IT SOLD MORE THAN 5 MILLION TONNES. QUALITY OF THE CORN STOCKPILE REMAINS IN QUESTION SO SOME OF THAT CORN MAY BE TURNED INTO STARCH OR ETHANOL BEFORE BEING SHIPPED.
EXPORTS COULD WEIGH ON U.S. PRICES:
AND AS ANALYSTS TELL US, INCREASED EXPORTS COULD WEIGH ON U-S PRICES NEAR TERM. SO FOR THE MOMENT MAYBE FEED GRAINS HAS A LITTLE BIT OF AN ISSUE, BUT ON THE SAME TOKEN I THINK THAT OVER THE LONGER HAUL WITH THEM STEPPING BACK IN CORN PRODUCTION AND GOING INTO A DIFFERENT DIRECTION THEY MIGHT UP BEAN ACRES A LITTLE BIT.
GRAPE SEED, ANOTHER OIL SEED, AND THEN POTATOES, SO I THINK AT SOME POINT HERE WE'RE GOING TO SEE THEM STILL COME BACK TO THE MARKET AND IMPORT CORN. THE NEW CHINESE POLICY FORCED BEIJINK TO DITCH IS GUARENTEED CORN PRICE.. THAT PRICE IN 2015 WAS EQUIVALENT TO 7 DOLLARS AND 80 CENTS A BUSHEL. OFFICIALS HOPE THAT WILL ALSO CURTAIL THE GROWING STOCKS.
TPP UPDATE:
AS A KEY TRADE DEAL STILL WAITS KEY APPROVAL FROM CONGRESS, SECRETARY OF STATE JOHN KEERY WARNING THIS WEEK THAT CHINA IS WORKING ON THEIR OWN TRADE AGREEMENT, THAT WOULD LOWER TRADE AND LABOR STANDARDS EVEN FURTHER. SECRETARY OF STATE JOHN KERRY USED A SPEECH IN LOS ANGELES TO DRUM UP SUPPORT FOR THE TRANS-PACIFIC PARTNERSHIP. THE U-S AND 11 PACIFIC RIM COUNTRIES HAVE ALREADY SIGNED THE TRADE AGREEMENT, BUT IT'S UP TO CONGRESS TO RATIFY THE DEAL. THIS WEEK A COALITION OF AG GROUPS SENT A LETTER TO CONGRESS URGING RATIFICATION OF THE TRADE DEAL. SECRETARY KERRY ECHOES THAT CALL.
DECISION DELAYS ARE GOING TO COST:
"IF CONGRESS SHOULD DELAY IMPLEMENTATION FOR EVEN ONE YEAR, THAT DECISION WILL COST OUR ECONOMY $94 BILLION. IT'S ALSO A FACT THAT IF TPP IS GOOD FOR OUR NATIONAL ECONOMY, BY DEFINITION, IT CAN ALSO BE SO BECAUSE IT IS IN FACT BOLSTERING LOCAL ECONOMICS, WHICH MAKE UP THAT NATIONAL ECONOMY."

TPP COULD HELP FARMERS STRUGGLING WITH LOWER COMMODITY PRICES:
THE TRADE PACT IS SUPPOSED TO MAKE PRODUCTS CHEAPER FOR CONSUMERS AND HELP LEVEL THE PLAYING FIELD FOR EXPORTERS. BUT CRITICS SAY IT INCLUDES GIVEAWAYS TO BUSINESS LOBBIES AND WILL CAUSE DOWNWARD PRESSURE ON WAGES AND JOB LOSSES IN SOME INDUSTRIES. IT'S DEALS TRADE DEALS LIKE THE T-P-P THAT COULD HELP FARMERS WEATHER THE CURRENT DOWNTURN IN COMMODITY PRICES.
DUVALL CALLS HEARING OVER STATE OF THE FARM ECONOMY:
TESTIFYING IN FRONT OF A HOUSE SUBCOMMITTEE THURSDAY FOR THE FIRST TIME, NEWLY ELECTED AMERCIAN FARM BUREAU FEDERATION PRESIDENT ZIPPY DUVALL TOLD CONGRESS AS FARMERS FACE INCREASED FINANCIAL PRESSURE, TRADE AND FARM PROGRAMS WILL BECOME EVEN MORE CRUCIAL.
THE HEARING WAS OVER THE STATE OF THE FARM ECONOMY. DUVALL SAYS HE'S CONCERNED OVER LIMITED HOPES FOR SIGNIFICANT EXPORT DEMAND. AND BOTTOMLINE IS, WHILE FARM BUREAU ISN'T CALLING THE SITUATION A FARM CRISIS YET, IT'S THE LONG-TERM EXPECTAION OF MUCH LOWER FARM INCOME THAT'S THE MOST CONCERNING.DUVALL ALSO SAYS FOR SOME, SAFETY NET AND RISK MANAGEMENT PROGRAMS WILL BE IN GREATER NEED SINCE THEY STARTED FARMING.
CROP INSURANCE IS NOT WORKING LIKE IT USED TO:
ALSO DURING THURSDAY'S HEARING, MINNESOTA CONGRESSMAN COLLIN PETERSON SAYING FARMERS IN HIS HOMESTATE SAY THE BIGGEST PROBLEM PRODUCERS FACE TODAY IS CROP INSURANCE. HE SAYS CROP INSURANCE WORKED WHEN PRICES WERE GOING UP, BUT NOW, THE POLICIES ARE FAILING PRODUCERS. NATIONAL FARMERS UNION PRESIDENT ROGER JOHNSON AGREES. JOHNSON URGED THE SUBCOMMITEE TO MOVE THE INSURANCE REFERENCE PRICES HIGHER IN ORDER TO PROVIDE FARMERS WITH THE PROTECTION THEY NEED.
ORGANIC IMPORTS SECTOR GROWING:
MORE U-S FEED GRAIN BEING SOURCED FROM COUNTRIES LIKE ROMANIA, AS ORGANIC MEAT AND MILK PRODUCTION GROWS. KEEP IN MIND ORGANIC FEED CONTINUES TO BE A SMALL PORTION OF THE U-S GRAIN MARKET, BUT NUMBERS SHOW IT'S GROWING RAPIDLY. USDA SHOWS IMPORTS OF ORGANIC CORN MORE THAN TRIPLED LAST YEAR.. MOST OF THAT COMING FROM ROMANIA AND TURKEY... AND PURCHASES TO START THE YEAR WERE FIVE TIMES WHERE THEY WERE A YEAR PRIOR.
WATCHING FOR MORE SIGNS OF LA NINA:
AS THE MARKETS CONTNUE TO FOCUS ON WEATHER, WE'RE OFFICIALLY UNDER A LA NINA WATCH. THE CLIMATE PREDUCTION CENTER ISSUED THE WATCH THURSDAY AS THE PACIFIC WATERS CONTINEU TO COOL. C-P-C PUTS THE CHANCE OF LA NINA AT 60 PERCENT FROM JULY TO SEPTEMBER. AND ODDS INCRASE TO 70 PERCENT BY WINTER. C-P-C SAYS A LA NINA ISN'T GUARENTEED, BUT SINCE ODDS ARE INCREASING, THE AGENCY DECIDED TO ISSUE THE WATCH. FARMERS ARE MORE FOCUSED ON TODAY'S WEATHER, AS THE RUSH TO GET PLANTING 16 BEHIND THEM IS UNDERWAY. AND MOTHER NATURE IS FINALLY COOPERATING FOR SOME. MIKE HOFFMAN HAS DETAILS. GOOD MORNING, MIKE.
CROP COMMENTS:
THANKS, TYNE. AFTER THE ROLLERCOASTER WEATHER THE PAST FEW WEEKS, SOME OF OUR VIEWERS ARE EXCITED TO FINALLY GET IN THE FIELD. JEFF FRANK TELLS US IT'S PERFECT PLANTING CONDITIONS IN WEST CENTRAL IOWA. HE'S BEEN PLANTING A FEW DAYS AND SAYS HE'S LOVING EVERY MINUTE OF IT. ZACH LYNCH SAYS THEY'VE ALSO STARTED PLANTING IN SOUTHWEST IOWA. AND IT'S ONLY BEEN IN THE PAST FEW DAYS THAT A LOT OF FARMERS REALLY GOT IN THE FIELD... BUT NOW, THEY ARE RUNNING FULL STEAM AHEAD AND AHEAD OF LAST YEAR'S PACE.
DROUGHT MONITOR:
 AND TAKING A LOOK AT THE DROUGHT MONITOR NOT NECESSARILY GOOD NEWS THERE'S PARTS OF KANSAS OKLAHOMA NORTHERN TEXAS THAT ARE GETTING DRYER AND DRYER INTO MISSOURI AND PARTS OF NORTH DAKOTA AND THE EXTREME NORTHERN SOUTH DAKOTA GETTING DRYER AS WELL WE'LL HAVE YOUR FORECAST BUT FIRST HERE ARE SOME HOMETOWN TEMPS.
TEASE:
PLENTY MORE AHEAD ON AGDAY INCLUDING THE PROFARMER PROFIT BRIEFING.  WITH A SPRING RALLY IN THE BEAN MARKET, NOW WHAT DO YOU DO?  AND DON'T FORGET, WE'VE RE-LAUNCHED OUR "GREAT AMERICAN BARN" SEGMENT.  TODAY WE VISIT AN ENGLISH-STYLE BARN IN THE HOOSIER STATE. AND IF YOU CAN'T MAKE IT TO YOUR MEDICALPROVIDER FOR AN IMPORTANT SCREENING, WHAT IF IT COMES TO YOU? 
HEALTH HELP IN RURAL AMERICA - LATER ON AGDAY.
PROFARMER:
NOW THAT WE'VE SEEN A RALLY IN THE SPRING BEAN MARKET, NOW WHAT SHOULD YOU DO? CHIP FLORY AND BRIAN JOIN US FROM THE PRO FARMER STUDIOS IN CEDAR FALLS, IOWA WITH THEIR WEEKLY PROFIT BRIEFING.... OK, JUST GIVE ME NINE BUCKS AND I WILL MAKE SOME SALES, GIVE ME 900 QUARTERS AND I WILL MAKE SOME MORE SALES. HOW MANY OF YOU SAID IT? WELL, BEANS ON OLD CROP BEANS, NEW CROP BEANS; WE HAVE GOT THOSE PRICE LEVELS AVAILABLE ON THE CASH MARKETS NOW, DEPENDING ON BASIS OF COURSE. BUT THIS RALLY IS GOING QUITE A BIT FARTHER THAN ANYONE ANTICIPATED.
NATIONAL WEATHER:
<WE'RE BACK NOW WITH WEATHER. NOW MIKE YOU TALKED ABOUT THE DROUGHT AND THE DROUGHT MONITOR IN CROPWATCH. BUT I'M HEARING THAT POSISBLY TEH TEXAS PANHANDLE COULD GET HIT WITH RAIN THIS WEKENED MIGHT BE TOO MUCH IN PLACES BUT IT IS GOOD NEWS A VERY SLOW MOVING STORM SYSTEM WE'VE BEEN TALKING ABOUT I S GOING TO SRPEAD MOISTURE INTO WETERN PLAINS, SOME OF THOSE AREAS REALLY NEED IT NOW. AND IT'S THAT AREA OF LOW PRESSURE OVER ARIZONA THAT'S GOING TOBE THE REASON FOR THAT.
TEASE:
WHEN WE COME BACK, AL PELL HAS A GREAT AMERICAN BARN TO SHARE. AND SEE WHAT MISSOURI IS DOING TO HELP WOMEN IN RURAL PARTS OF THEIR STATE GET WHAT COULD BE A LIFE-SAVING MEDICAL SCREENING.
GREAT AMERICAN BARNS:
TODAY'S GREAT AMERICAN BARN TAKES US TO NORTHERN INDIANA TO VISIT A BARN PASSED DOWN THROUGH THREE GENERATIONS. AL PELL TAKES US ON TOUR. THE EMEN-AKER BARN IN PLYMOUTH INDIANA IS BUILT INTO THE GRADE TO RAISE THE FLOOR ON A RUBBLE STONE FOUNDATION. IT'S A COMMON CONFIGURATION IN NORTHERN INDIANA BARNS, ALLOWING FOR LIVESTOCK SHELTER BELOW AND HAY STORAGE ABOVE. SUFFERING STORM DAMAGE IN THE 1940'S, THIS BARN WAS LENGTHENED ON THE WEST END AND GIVEN A GAMBREL SHAPED ROOF TO PERMIT MORE INTERIOR VOLUME... TYPICALLY FOR HAY STORAGE. THE EMEN-AKER BARN MORE CLOSELY RESEMBLED THE ENGLISH PROTOTYPE IN PLAN, WALL HEIGHT, AND ORIGINAL GABLE ROOF BEFORE BEING ALTERED.
I'M AL PELL.
TEASE:
FINDING A COMMON CANCER EARLIER HAS JUST BECOME EASIER FOR WOMEN IN RURAL MISSOURI. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
IT'S NO SECRET THAT RURAL AMERICA IS OFTEN UNDER-SERVED WHEN IT COMES TO HEALTH CARE. ROUTINE SCREENINGS -LIKE MAMMOGRAMS -CAN GO UN-CHECKED.
WITH ONE OUT OF EIGHT WOMEN LIKELY TO DEVELOP BREAST CANCER, THOSE SCREENINGS CAN BE A LIFE-SAVER. IN THIS REPORT PROVIDED BY UNIVERSITY OF MISSOURI HEALTH, TERESA SNOW TELLS US ABOUT TAKING TECHNOLOGY ON THE ROAD TO HELP PATIENTS IN NEED.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND OUR PARTNERS AT PROFARMER. I'M TYNE MORGAN. HAVE A GREAT DAY.
PROMO:
I'M TYNE MORGAN. MONDAY ON AGDAY -THE BIOTECH LABELING DEBATE CONTINUES IN WASHINGTON, FIND OUT WHAT THE OUTCOME COULD MEAN ON THE FARM. AND MACHINERY PETE LOOKS AT THE VALUE OF A 1980'S STYLE TRACTOR CALLED THE ANT-EATER. WATCH US WEEKDAYS RIGHT HERE ON AGDAY.

 

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