AgDay Daily Recap -April 17, 2015

April 17, 2015 02:57 AM
 

TODAY ON AGDAY
APRIL 17, 2015

OPEN HEADLINES:
TODAY ON AGDAY- GOVERNMENT FORECASTERS LOOK AT DROUGHT CONDITIONS FOR THE GROWING SEASON. CONGRESSIONAL LEADERS THINK THEY'VE REACHED A DEAL ON TRADE PROMOTION AUTHORITY. IN AGRIBUSINESS....TRACKING THE LIVESTOCK MARKETS AS THEY HEAD TOWARD SUMMER. LOTS OF ACTION LATELY IN THE LIVESTOCK MARKET…WE'LL TALK ABOUT THE TRENDS GOING INTO SUMMER IN PROFARMERS PROFIT BRIEFING....AND CRICKET FLOUR FOR CRICKET COOKIES IS JUST EDIBLE INSECT TRYING TO INCREASE ITS POPULARITY IN FOOD CIRCLES. AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
SEASONAL DROUGHT OUTLOOK:
GOOD MORNING I'M CLINTON GRIFFITHS. GOVERNMENT WEATHER FORECASTERS SAY IT COULD BE A DRY SUMMER FOR FARMERS IN PARTS OF THE UPPER MIDWEST. BUT MOISTURE IN THE WHEAT BELT SHOWS IMPROVEMENT...AND THAT'S OUR TOP STORY ON AGDAY.
AVIAN FLU:
FEDERAL HEALTH OFFICIALS SAY WARMER WEATHER SHOULD HELP CURTAIL THE NUMBER OF CASES OF AVIAN FLU THAT'S HITTING THE MIDWEST TURKEY INDUSTRY. THE HEAD OF USDA'S ANIMAL AND PLANT HEALTH INSPECTION SERVICE WAS IN MINNESOTA THURSDAY. DOCTOR JOHN CLIFFORD TOLD REPORTERS THAT AVIAN FLU IS KILLED BY SUNLIGHT, HEAT AND DRYING. SO THEY HOPE THE NUMBER OF CASES DISSIPATE. MINNESOTA IS GROUND ZERO FOR THE H-5-N-2 STRAIN OF AVIAN FLU. MORE THAN A MILLION TURKEYS HAVE BEEN DESTROYED BECAUSE OF THE HIGHLY PATHOGENIC DISEASE.
TPA:
NEW DEVELOPMENTS THIS MORNING REGARDING TRADE PROMOTION AUTHORITY…POLITICO IS REPORTING THAT LAWMAKERS ON THE SENATE FINANCE COMMITTEE HAVE REACHED A DEAL ON A T-P-A BILL. AS WE'VE BEEN REPORTING, T-P-A MAKES IT EASIER FOR THE PRESIDENT TO NEGOTIATE TRADE AGREEMENTS. CONGRESS GIVES HIM THE AUTHORITY BUT THEY HAVE NO POWER TO ADD AMENDMENTS TO TRADE DEALS.
DEATH TAX:
THE U.S. HOUSE TAKING THE FIRST STEP TOWARD FULL REPEAL OF THE DEATH TAX…THE CHAMBER VOTING 240 TO 179 TO REPEAL THE TAX ON THURSDAY…IN 2012 CONGRESS PASSED PERMANENT EXEMPTIONS OF THE ESTATE TAX PUSHING LIMITS TO 5 MILLION DOLLARS PER INDIVIDUAL OR 10 MILLION PER COUPLE AND SET THE TOP TAX RATE AT 40 PERCENT. SEVERAL MEMBERS OF CONGRESS EXPRESSING CONCERNS ABOUT INCREASING LAND VALUES PUSHING FAMILIES ABOVE THE CAP. THE REPEAL IS NOW IN THE SENATE'S HANDS.
WOTUS:
THE HEAD OF THE EPA SAYS IT WILL FINISH THE WATERS OF THE U.S. RULE--THAT'S INSPITE OF A NEW PUSH IN CONGRESS TO STOP THE AGENCY FROM FINALIZING THE RULES. EPA SECRETARY GINA MCCARTHY SAYS THEY'RE MOVING FORWARD--ADDING THAT THE FINAL RULE WILL PROVIDE THE CLARITY PEOPLE WANT AND WON'T OVEREXTEND INTO AGRICULTURE.  THIS WEEK MEMBERS OF THE HOUSE TOOK STEPS LEGISLATIVELY TO HAULT EPA'S PUSH. THE HOUSE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE VOTING 36 TO 22 TO PASS THE REGULATORY INTEGRITY PROTECTION ACT OF 2015…IT REQUIRES EPA AND ARMY CORPS TO WITHDRAW THE WOTUS PROPOSAL WITHIN 30 DAYS.
DIESEL PRICES FALLS:
 RETAIL DIESEL PRICES CONTINUE TO FALL. THE AVERAGE NATIONAL PRICE NOW 2-75. CALIFORNIA WAS THE ONLY REGION TO SEE AN INCREASE--THE AVERAGE THERE 3-OH-7.
ENERGY IMPORTS:
SINCE THE 1950'S, AMERICA HAS BEEN A NET IMPORTER OF ENERGY.  BUT NEW PROJECTIONS SHOW THAT WITHIN 5-TO-15 YEARS, THE U-S COULD CHANGE THAT.  THE ENERGY INFORMATION ADMINISTRATION JUST RELEASING ITS ANNUAL ENERGY OUTLOOK…IT SAYS THE U.S. COULD ELIMINATE NET U-S ENERGY IMPORTS SOMETIME BETWEEN 2020 AND 2030.  THE U-S IN CURRENTLY AN EXPORTER OF PETROLEUM PRODUCTS AND COAL, BUT IMPORTS NATURAL GAS AND CRUDE... E-I-A SAYS WHEN YOU TALLY THE OVERALL ENERGY CONTENT THE U-S IMPORTED 23-POINT-THREE QUADRILLION BRITISH THERMAL UNITS LAST YEAR.  THE COUNTRY EXPORTED 12 POINT TWO QUADRILLION B-T-U'S BUT THOSE NUMBERS COULD COME INTO BALANCE STARTING IN 2020. AND WITH THE GROWTH OF DOMESTIC NATURAL GAS PRODUCTION, E-I-A EXPECTS THE U-S TO BE A NET EXPORTER OF NATURAL GAS BY 2017.
TEASE:
WHEN AGDAY CONTINUES, CHIP FLORY AND BRIAN GRETE WILL JOIN US AS THEY LOOK AT THE LIVESTOCK MARKETS HEADING INTO SUMMER. WE'LL HAVE A HEALTH CHECK ON THE RURAL ECONOMY AND MAN'S BEST FRIEND.
PROFIT BRIEFING INTRO:
WHEN AGDAY CONTINUES, CHIP FLORY AND BRIAN GRETE WILL JOIN US AS THEY LOOK AT THE LIVESTOCK MARKETS HEADING INTO SUMMER. WE'LL HAVE A HEALTH CHECK ON THE RURAL ECONOMY AND MAN'S BEST FRIEND.
KUBOTA:
THE DEADLINE TO ENTER OUR KUBOTA KOMMANDER GIVEAWAY IS NOW JUST ONE WEEK AWAY. ONE LUCKY AGDAY VIEWER WILL TAKE-HOME THIS ZERO TURN MACHINE. IT HAS A 25 HORSE KOHLER ENGINE AND A 54 INCH DECK. GO TO AGDAY-DOT-COM AND CLICK ON THE KUBOTA LOGO. MAKE SURE YOU DON'T HAVE YOUR 'POP-UP BLOCKER' ON. WE'LL STOP TAKING ENTRIES ON APRIL 22ND. WE'LL ANNOUNCE THE WINNER ON APRIL 24TH. GOOD LUCK.
TEASE:
STILL TO COME WE'LL CHECK ON THE ECONOMIC HEALTH OF RURAL AMERICA.
RMI:
A NEW SURVEY OF BANKERS IN RURAL AMERICA CONTINUES TO SHOW A PULLBACK IN ECONOMIC ACTIVITY. THE RURAL MAINSTREET INDEX HELD BELOW GROWTH NEUTRAL IN APRIL...ALTHOUGH IT WAS SLIGHTLY BETTER THAN MARCH. FARMLAND PRICES FELL FOR THE 17TH STRAIGHT MONTH. EQUIPMENT SALES ROSE OF MARCH'S RECORD LOW BUT REMAIN WEAK. AND MORE THAN A THIRD OF BANKERS SAY THE STRONG U.S. DOLLAR IS HAVING A NEGATIVE IMPACT ON THE LOCAL ECONOMY.
IOWA POLL:
A NEW POLL FROM AGRI-PULSE AND THE IOWA SOYBEAN ASSOCIATION SEEMS TO ECHO THOSE FINANCIAL SENTIMENTS. IT FOUND THREE OUT OF FOUR FARMERS EXPECTING THEIR FINANCIAL OUTLOOK TO WORSEN IN 2015. THAT IS SLIGHTLY LESS GLOOMY THAN LAST MORE THAN HALF OF IOWA RESPONDENTS SAY THEY'RE PLANNING TO CUT BACK ON EQUIPMENT EXPENSES AND A THRID PLANS TO REDUCE FERTILIZER. ABOUT A QUARTER SAY THEY'RE CUTTING BACK ON SEED COSTS.
ITC ENTOPRENEURS:
IT MAY MAKE YOUR STOMACH CRAWL BUT A GROWING NUMBER OF "ENTOPRENEURS" ARE LAUNCHING BUSINESSES THAT SELL FOODS MADE FROM CRICKETS, MEALWORMS AND OTHER EDIBLE INSECTS. AND WORD IS-- THE DEMAND IS STRAINING SUPPLIES OF THESE EDIBLE TREATS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 


 

 

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