AgDay Daily Recap -April 6, 2015

April 6, 2015 02:57 AM
 

TODAY ON AGDAY
APRIL 6, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY DROUGHT CONCERNS OUT WEST CONTINUE TO DEEPEN.
IN AGRIBUSINESS...A STRATEGY FOR LOCKING IN LOWER FUEL PRICES. DURING THE COURSE OF THE SUMMER TIME, OR BETWEEN NOW AND SUMMER TIME WE CAN PROBABLY GO DOWN AND MAYBE RE-TEST THOSE LOWS. RUN THE 39 TO 40 DOLLAR BARREL MARK. MACHINERY PETE SAYS IT'S A BUYERS MARKET FOR CERTAIN PLANTERS, AND THE TENNESSEE EXTENSION GREEN TEAM IS HELPING NURSERY'S BEAUTIFY THE STATE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
CALIFORNIA DROUGHT:
GOOD MORNING I'M CLINTON GRIFFITHS. THE EASTER HOLIDAY OFTEN STRENGTHENS OUR RESOLVE. AND A NEW SPRING SEASON BRINGS HOPE FOR A NEW GROWING SEASON. BUT OPTIMISM ABOUT CROPS AND CATTLE CAN BE HARD TO FIND IN THE WESTERN UNITED STATES...AND THAT'S OUR TOP STORY ON AGDAY.
CALI AG IMPACT:
CALIFORNIA IS THE NATION'S NUMBER ONE AGRICULTURAL STATE - BASED ON CASH RECEIPTS. AGRICULTURE IS ALSO THE BIGGEST WATER USER IN THE STATE. THE EXECUTIVE ORDER REQUIRES AGRICULTURAL WATER SUPPLIERS TO PROVIDE A DETAILED DROUGHT MANAGEMENT PLAN TO THE STATE. THE PLAN MUST INCLUDE HOW MUCH WATER HAS BEEN DELIVERED, GOING BACK TO 2013. FARM GROUPS SAY OTHER THAN THAT, AGRICULTURE HAS ALREADY BEEN PAYING "ITS FAIR SHARE". THE FEDERAL WATER PROJECT ALREADY ANNOUNCED IT WOULD HAVE ZERO WATER TO DISTRIBUTE TO AGRICULTURE. THE STATE WATER PROJECT SAYS IT WOULD PROVIDE JUST 20-PERCENT OF WHAT WAS REQUESTED BY AG WATER CONTRACTORS.
DROUGHT MONITOR:
THE LATEST DROUGHT MONITOR SHOWS NO CHANGE FOR CALIFORNIA. BUT IT'S HARD TO IMAGINE HOW IT COULD GET WORSE. 41-PERCENT OF THE STATE IS IN THE MOST DIRE CATEGORY - D-FOUR, OR EXCEPTIONAL DROUGHT. 98-PERCENT OF THE STATE IS IN MODERATE DROUGHT OR WORSE.
CROP REDUCTION:
LAST YEAR A HALF MILLION ACRES OF CALIFORNIA FARMLAND LAID FALLOW FROM THE EFFECTS OF DROUGHT. ECONOMISTS FROM THE UNIVERSITY OF CALIFORNIA AT DAVIS ARE PROJECTING THIS YEAR IT COULD REACH ONE MILLION ACRES. WE FOUND IN THE LATEST USDA PROSPECTIVE PLANTINGS REPORT THAT SEVERAL COMMODITIES WILL SEE FEWER ACRES THIS YEAR. HAY IS DOWN ELEVEN PERCENT, ENDING AT JUST OVER A MILLION ACRES.
RICE IS DOWN SIX PERCENT TO 408-THOUSAND ACRES. CORN IS DOWN 17-PERCENT TO 430-THOUSAND ACRES. AND PEE-MUH COTTON IS DOWN NEARLY A THIRD IS 155-THOUSAND ACRES.
TEASE:
UP NEXT A LOOK AT HOW TO TAKE ADVANTAGE OF FALLING OIL PRICES AND LOWER FUEL COSTS. AL PELL LEADS THAT DISCUSSION FROM THE AGRIBUSINESS DESK.
ANALYSIS INTRO:
THE RECENT DROP IN OIL AND GAS PRICES HAVE TAKEN A TOLL ON THAT INDUSTRY BUT IT'S MADE FILLING UP AT THE PUMP EASIER TO STOMACH. WITH DRIVING SEASON UP ON US IS THERE A STRATEGY FOR LOCKING IN THOSE LOWER COSTS? FARM DIRECTOR AL PELL IS AT THE AGRIBUSINESS DESK WITH MORE.
THREATENED BATS:
NORTHERN LONG-EARED BATS ARE NOW PROTECTED BY THE FEDERAL GOVERNMENT.
THE FISH AND WILDLIFE SERVICE CATEGORIZES THE FLYING MAMMAL AS A THREATENED SPECIES.  AS WE'VE BEEN REPORTING, A FUNGAL DISEASE CALLED WHITE NOSE SYNDROME HAS KILLED MILLIONS OF BATS IN THE EASTERN HALF OF THE UNITED STATES.  IT WAS FIRST DISCOVERED IN NEW YORK STATE IN 2006.  IT'S NOW FOUND IN 28 STATES.  THE DISEASE SPREADS WHEN BATS CONGREGATE IN CAVES AND MINES.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close