AgDay Daily Recap -December 20, 2016

July 21, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 20, 2016


HEADLINES
COMING UP TODAY ON AGDAY - THE COTTON COUNCIL GIVES A PREVIEW OF 2017.  PLUS, A BIRD FLU OUTBREAK CONTINUES IN EUROPE. IN  AGRIBUSINESS...SORTING THROUGH THAT OLD CROP CORN. IT'S PROBABLY THE BIGGEST  PROBLEM I SEE THAT THE U S CORN GROWER HAS RIGHT NOW. LEGISLATORS ASK FDA TO TAKE  ON NON-MILK PRODUCTS LABELED AS MILK. AND HELPING THE WORLD'S  FARMERS TOWARD HIGH YIELDS, ONE ACRE AT A TIME. AGDAY-BROUGHT TO YOU  BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

COTTON PRICES
GOOD MORNING I'M CLINTON GRIFFITHS. AS 2016 DRAWS TO A CLOSE SOME  COTTON GROWERS IN THE SOUTHWEST ARE STILL BRINGING IN THIS YEARS  CROP....WITH STRONGER PRICES THAN WHEN THE YEAR STARTED, GARY ADAMS - PRESIDENT AND CEO OF THE NATIONAL COTTON COUNCIL - GAVE AGDAY A LOOK  BACK FOR THE U-S COTTON SECTOR AND A LOOK AHEAD INTO 2017. WE ACTUALLY SAW IN THE CASE OF COTTON THAT PRICES STRENGTHENED SOMEWHAT AS WE WENT THROUGH 2016. FUTURES MARKET STARTED IN LOW TO MID 60'S AND BY THE TIME WE REACHED THE END OF THIS YEAR WE WERE TRADING IN UPPER 60'S, SOMETIMES IN THE LOW 70'S SO WE DID SOME STRENGTHENING IN THE COTTON MARKET.ADAMS SAYS THE DAYS WHERE CHINA IS THE BIG BUYER OF U-S COTTON IS  OVER....AT LEAST FOR NOW. HE SAYS CHINESE IMPORTS ARE SAGGING AS THE GOVERNMENT CHEWS THROUGH ABUNDANT STOCKS. ACCORDING TO A REPORT IN AGRIMONEY-DOT-COM, TOTAL CHINESE COTTON  IMPORTS ARE DOWN 42-PERCENT FROM LAST YEAR. DESPITE THE DECLINE IN IMPORTS OF U-S COTTON, ADAMS SAYS CHINA IS STILL  IMPORTANT. AND WE'RE STILL SEEING CHINA WORK THROUGH SOME OF THEIR OWN INTERNAL SUPPLY AND DEMAND DYNAMICS. SPECIFICALLY THEY STILL HAVE A LOT OF COTTON STOCKS TO WORK THROUGH. AND WE'VE SEEN THEM BEGIN THE PROCESS OF WORKING DOWN THEIR STOCKS. AND IN DOING SO THEY'RE ALSO LIMITING THEIR INPORTS TO THE THEIR WTO QUOTA. SO RIGHT NOW WE THINK CHINA WILL STILL BUY A MILLION BALES OF U.S. COTTON, MAYBE MORE. IT'LL BE PRETTY STEADY AT THAT LEVEL FOR 2017 BECAUSE I THINK WE'RE STILL A COUPLE YEARS AWAY FROM CHINA REALLY COMING BACK IN THE MARKET IN A LARGER WAY BECAUSE THEY REALLY STILL NEED TO WORK THROUGH THEIR COTTON STOCKS.CHINA BUILT-UP ITS COTTON SUPPLIES THROUGH PRICE SUPPORTS TO THEIR  FARMERS.

CHINA, U.S. WTO DISPUTES
ALSO OUT OF CHINA, THE COUNTRY'S MINISTER OF COMMERCE SAYS IT WILL  DEAL WITH A DISPUTE OVER RICE, WHEAT, AND CORN IMPORT QUOTAS THROUGH  OFFICIAL CHANNELS AT THE WORLD TRADE ORGANIZATION.  IN A STATEMENT, THE MINISTER SAYS THEY REGRET THE U.S. DECISION TO  CHALLENGE CHINA'S QUOTAS AT THE WTO AND WOULD DEAL WITH THE MOVE  APPROPRIATELY.  THE U.S. SAYS CHINA IS NOT FAIRLY ADMINISTERING THE SYSTEM WHICH WERE  PUT IN PLACE BACK WHEN CHINA JOINED THE WTO IN 2011.  THE U.S. REQUEST SAYS CHINA'S POLICIES ARE IMPEDING EXPORT  OPPORTUNITIES.

EUROPEAN TRADE AGREEMENT A LONG WAY FROM COMPLETION
A NEW TRADE AGREEMENT BETWEEN THE E-U AND CANADA IS LONG WAY FROM  COMPLETE.THE EUROPEAN PARLIAMENT EMPLOYMENT COMMITTEE JUST VOTING TO REJECT  THE DEAL.THE COMMITTEE ADVISED AGAINST APPROVAL OVER FEARS THAT MORE THAN  200,000 E.U. JOBS WOULD BE LOST.  TWO MORE COMMITTEES MUST ALSO VOTE ALONG WITH THE ENTIRE  PARLIAMENT. T'S EXPECTED TO HOLD A FINAL VOTE SOMETIME IN 2017.  IF PASSED, IT ALSO STILL NEEDS APPROVAL FROM EACH OF THE 28 MEMBER  STATES AS WELL AS MULTIPLE REGIONS IN BELGIUM. THE CANADA-EU TRADE DEAL HAS BEEN HELD UP AS AN EXAMPLE OF WHAT A U.S.  E-U NEGOTIATION MIGHT LOOK LIKE. 

BIRD FLU
THE STRAIN OF BIRD FLU TREKKING ACROSS EUROPE HAS NOW BEEN  DISCOVERED IN BRITIAN.  AVIAN FLU OF THE H5N8 STRAIN HAS BEEN FOUND IN MORE THAN FIVE- THOUSAND TURKEYS AT A FARM IN LINCOLNSHIRE. THE PUBLIC AGENCY IN ENGLAND IS TRYING TO ASSURE RESIDENTS THAT THE  RISK TO THE PUBLIC IS "VERY LOW". THE GOVERNMENT IS CLOSING ACCESS TO THE FARM TO LIMIT THE SPREAD OF  THE DISEASE. THIS IS THE TYPE OF BIRD FLU THAT WE WERE CONCERNED HAS BEEN SPREADING ACROSS EUROPE.  PUBLIC HEALTH ENGLAND HAVE CONFIRMED THEIR ADIVCE THAT THE RISK TO PUBLIC HEALTH IS VERY LOW,  AND THE FOOD STANDARDS AGENCY MAINTAIN THEIR ADVICE THAT BIRD FLU DOES NOT PRESENT A RISK TO  THE FOOD CHAIN."IT'S A MAJOR HEADACHE FOR THE POULTRY INDUSTRY. WE REALLY DO HAVE TO STOP THE DISEASE  SPREADING WITHIN THE BRITISH POULTRY INDUSTRY BECAUSE WE DON'T WANT THE KIND OF OUTBREAK THAT  THE AMERICANS HAD IN 2015 WHICH REALLY KNOCKED OUT THEIR POULTRY INDUSTRY COMPLETELY."  THE U-S OUTBREAK CLAIMED 48 MILLION BIRDS - MOST OF THE EGG-LAYING HENS  AND TURKEYS. IN ADDITION TO ENGLAND, THERE HAVE ALSO BEEN CONFIRMED CASES IN  AUSTRIA,  DENMARK, GERMANY, HUNGARY, NETHERLANDS, POLAND, AND  SWITZERLAND.  THE WORLD HEALTH ORGANIZATION BELIEVES THESE CASES  WERE ALL SPREAD BY MIGRATORY WATERFOWL. MEANWHILE, SOUTH KOREA RAISING IT'S BIRD FLU ALERT TO SERIOUS--AS HIGH  PATH H-5-N-6 CONTINUES TO SPREAD. MORE THAN 12 MILLION BIRDS HAVE BEEN CULLED--ANOTHER 4 MILLION ARE SET  TO BE DESTROYED THIS WEEK. SO FAR 10 PERCENT OF THE NATION'S FLOCK HAS BEEN IMPACTED. OTHER COUNTRIES INCLUDING JAPAN, GERMANY AND FRANCE HAVE ALSO  CONFIRMED CASES OF H-5-N-6.

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM  DOW AGROSCIENCES."   THINGS ARE STARTING TO THAW OUT AFTER A COLD WEEKEND.  AT ONE POINT SUNDAY MORNING THE AVERAGE TEMPERATURE ACROSS THE  LOWER 48 WAS 16 DEGREES. THAT'S 4 DEGREES COLDER THAN AT ANY TIME ALL OF LAST WINTER... OH AND THE COLDEST PART OF WINTER IS STILL 6 WEEKS AWAY. WINTER OFFICIALLY BEGINS TOMORROW. MIKE HOFFMAN BRAVING THE COLD TO BRING US MORE CROP COMMENTS FROM  THE ACROSS THE COUNTRY. GOOD MORNING MIKE. GOOD MORNING CLINTON. THIS ARCTIC COLD CAN BE DIFFICULT FOR HUMANS  AND LIVESTOCK ALIKE. WE RECEIVED A PHOTO FROM JASON GATES IN LAPORTE CITY, IOWA. HE SAYS HIS  CATTLE ARE ENJOYING FRESH BEDDING AS THEY PREPARED FOR THE ARCTIC  BLAST THAT CROSSED THE GREAT PLAINS AND MIDWEST. ON SUNDAY, THEY HAD A HIGH OF ZERO AND A LOW OF NEGATIVE FIFTEEN...AND THAT DOESN'T INCLUDE  WIND CHILL. MEANWHILE, THE HARD RED WINTER WHEAT CROP IS THE PLAINS IS ALSO  VULNERABLE TO DAMAGE FROM THE COLD. ACCORDING TO OUR PARTNERS AT DROVERS, 20-PERCENT OF THAT CROP COULD  GET BURNED BY THE COLD. THEY TALKED TO A METEOROLOGIST WHO SAYS SOUTHERN NEBRASKA AND  WESTERN KANSAS WHEAT WAS MOST EXPOSED DUE TO LACK OF SNOW COVER.  WHILE THE CROP IS HARDY, THERE CAN STILL BE DAMAGE IF TEMPS DIP BELOW  FIVE DEGREES FOR AN EXTENDED PERIOD...WHICH WE HAVE SEEN. NOW TAKING  A LOOK AT THE WEATHER MAP YOU CAN SEE STILL VERY COLD IN THE EAST BUT A  SYSTEM MOVING THROUGH THE UPPER MIDWEST AND ALSO INTO THE  NORTHWEST WE'LL TALK ABOUT THAT WITH OUR FORECAST COMING UP BUT  FIRST HERE ARE SOME HOMETOWN TEMPS

TEASE
WHEN WE COME BACK WE'LL LOOK AT OLD CROP CORN AND WHAT TO DO IF YOU  STILL HAVE GRAIN IN THE BIN.AND LATER,  WE'RE OFF TO AFRICA WHERE A SIMPLE IDEA IS HELPING HUNDREDS  OF THOUSANDS OF SMALL HOLDER FARMERS INCREASE THEIR YIELDS AND  BETTER THEIR LIVES.

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH.  ) IN AGRIBUSINESS GRAINS IN THE RED, LIVESTOCK IN GREEN. LETS FIND OUT WHY  FROM THE FLOOR OF THE CME IN CHICAGO. IT WAS MOSTLY A WEATHER MARKET WITH THE WEATHER REALLY STARTING TO  IMPROVE IN SOUTH AMERICA . THERE WERE SOME PRETTY GOOD RAINS REPORTED IN ARGENTINA ALL OF YESTERDAY AND THESE ARE SPREADING INTO  THE SOUTHERN BRAZIL. ON THE OTHER HAND CENTRAL AND NORTHERN BRAZIL  TURNING DRIER. AND BOTH PATTERNS ARE VERY FAVORABLE TO SOUTH  AMERICA. ARGENTINA AND SOUTHERN BRAZIL HAD BEEN TOO DRY. THEY'RE  GETTING SOME VERY BENEFICIAL RAINS AT THIS TIME. NORTHERN NORTH  CENTRAL IN NORTHERN BRAZIL HAVE BEEN SEING PLENTY OF RAIN AND COULD  USE SOME DRIER WEATHER. SO REALLY VERY BENEFICIAL TO YOU ALL SIDES OF  THE SOUTH AMERICAN PRODUCTION AND THAT SEEMS TO BE THE BIG REASON  FOR THE SELLING. WHEAT MARKET ALSO TAKING IT LOWER AFTER SOME VERY  VERY COLD TEMPERATURES IN THE MIDWEST AND GREAT PLAINS OVER THE  WEEKEND. STILL A LOT OF DISCUSSION AS TO HOW MUCH OF THE WHEAT CROP  WAS PUT AT RISK. WE HAVE HEARD AS HIGH AS HALF OF THE WHEAT CROP IN THE  GREAT PLAINS WAS AT RISK AND PERHAPS TEN TO TWENTY PERCENT OF THE  WHEAT CROP IN THE MIDWEST WAS AT RISK.  THIS IS JACK SCOVILLE, I'M VP OF PRICE FUTURES GROUP, HERE IN THE CME GROUP FLOOR WITH SOME  COMMENTS FOR THE MARKETS.

AGRIBUSINESS
JOE VACLAVIK STANDARD GRAIN OUR GUEST HERE THE AGRIBUSINESS DESK. LET 'S TALK ABOUT OLD CROP  CORN BECAUSE WE'RE STARTING A NEW YEAR AND THERE IS CORN EVERYWHERE IN BINS ALL OVER. IT'S  PROBABLY THE BIGGEST PROBLEM I SEE THAT THE U S CORN GROWER HAS RIGHT NOW AS OLD CROP  INVENTORY. WE JUST GOT A MASSIVE OVERSUPPLY OF OLD CROP CORN. I THINK THAT THE VAST MAJORITY OF  IT OR A GREAT DEAL OF IT AT LEAST IS UNPRICED UNPROTECTED. IT'S KIND OF INTERESTING WHAT HAPPENED  THIS PAST SPRING AND SUMMER. YOU KNOW WE HAD BIG RALLY IN SOYBEAN MARKET. AND I THINK THE  FARMER WAS TOO EARLY TO SELL THE BEANS. THEY GAVE UP OWNERSHIP EARLY. AND WHEN WE HAD A  RALLY IN THE CORN MARKET, WE RALLIED TO FOUR AND A HALF BUCKS. IT WAS SHORT LIVED AND I THINK IT 'S  THE FARMER MAY HAVE BEEN CONCERNED THAT THEY WERE GONNA MAKE THE SAME MISTAKE AGAIN  BY SELLING EARLY, AND I DON'T THINK THEY SOLD NEARLY AS MUCH AS SHOULD'VE BEEN SOLD AT THOSE PRICES. SO THAT LEAVES US WHERE WERE'RE AT. YOU GOTTA NEARBY FUTURES CONTRACTS SITTING NORTH OF  THREE AND A HALF DOLLARS. CASH PRICES ARE NOT GOOD AND CERTAINLY NOT MAKING MONEY. AS WE  MOVE INTO 2017, THIS IS GOING TO BE ON THE MINDS OF EVERY CORN GROWER IN THE COUNTRY--WHAT  AM I GOING TO DO WITH THIS OLD CROP SUPPLY? WE DON'T KNOW ABOUT A RALLY, RIGHT? WE DIDN'T KNOW  ABOUT LAST YEAR'S RALLY. GENERALLY WHAT I'M HEARING IS ITS GOING TO BE A WEATHER ISSUE.  HISTORICALLY THESE GRAIN MARKETS ARE ALWAYS A WEATHER BET ONE WAY OR ANOTHER. I THINK  WEATHER CONTROLS SUCH A GREAT DEAL OF COMMODITY PRICES AND COMMODITY PRICE STRUCTURE.  YOU'RE BETTING ON A WEATHER EVENT, NO DOUBT. MAYBE YOU'LL GET SOME SORT OF SHORT COVERING  EVENT FROM THE FUNDS BETWEEN NOW AND THE END OF THE YEAR. MAYBE GET SOMETHING CURRENCY  RELATED OR IN THE OUTSIDE MARKETS BUT GENERALLY, YOU'RE BETTING NOW ON SOUTH AMERICAN  WEATHER AND LATER ON U.S. WEATHER. MY ADVICE WOULD BE THIS, IF WE GET SOME KIND OF EVENT  BETWEEN NOW AND THE END OF THE YEAR, I WOULD TAKE THE OPPORTUNITY TO WIDEN UP SOME OF  THOSE OLD CROP BUSHELS. IT'S PROBABLY NOT GOING TO BE ANYTHING SUPER ATTRACTIVE, BUT HEDGE  YOUR BETS A LITTLE BIT AND GET SOME OF THIS STUFF SOLD. THE SUPPLIES ARE EXCESSIVE. ALRIGHT. GOOD  ADVICE. THANKS JOE . WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE. FOR MORE INFORMATION ABOUT STANDARD GRAIKN AND ITS SERVICES CALL JOE  AT 312-462-4438.   AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET.

WEATHER
ADD STRATEGO YIELD FUNGICIDE AT THE EARLY SEASON RATE TO YOUR POSTEMERGENCE HERBICIDE  TANK MIX. YOU'LL GET HEALTHIER FIELDS, HIGHER YIELDS AND A HIGHER RETURN ON INVESTMENT.  ) WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN HERE MIKE WE'VE  BEEN TALKING ABOUT THIS COLD WEATHER BUT IT SEEMS LIKE MAYBE WE'RE  TRANSITIONING HERE OVER THE NEXT WEEK OR TWO. I THINK WE ARE AND THIS  WARM FRONT IN THE UPPER MIDWEST IS THE FIRST LITTLE SHOT OF MORE  TOLERABLE AIR COMING TOWARD THE EAST AND THE SYSTEM IN THE PACIFIC  NORTHWEST IS ACTUALLY GOING TO BE A FLOODING THE LOWER FORTY EIGHT  WITH PACIFIC AIR ONCE THAT COLD FRONT COMES ON THROUGH SO THE ARCTIC  FRONT IS GOING TO BE RIGHT UP IN HERE FOR A WHILE AND THAT'S GOING TO  KEEP THINGS FROM BEING NEARLY AS COLD ONCE WE GET RID OF THIS AIR MASS  OR AT LEAST IT CHANGES AND TRANSITIONS INTO A LITTLE BIT MILDER OUR AIR  MASS  WE WON'T SEE NEAR THE ARCTIC AIR RETURN IT LOOKS LIKE FOR QUITE  SOME TIME A COLD FRONT MOVING THROUGH A FLORIDA CAUSING SOME  SHOWERS AND THUNDERSHOWERS DOWN THERE BUT RAIN AND MOUNTAIN  SNOWS PACIFIC NORTHWEST NORTHERN ROCKIES OVER THE NEXT TWENTY  FOUR HOURS WARM FRONT IN THE NORTHERN PORTIONS OF THE GREAT LAKES  WILL PUSH A LITTLE SNOW THROUGH THERE BUT IT IS MILDER BEHIND IT BUT AT  LEAST LET 'S SAY NOT AS COLD BEHIND IT BECAUSE THIS IS MEANT SOME  EXTREMELY COLD AIR IN EAST AND EVEN DOWN INTO THE SOUTHEAST FOR THIS TIME OF THE YEAR. AS YOU CAN SEE AS WE HEAD IN THE MORNING HOURS  TOMORROW SOME OF THAT RAIN AND SNOW MOVES INTO THE UPPER MIDWEST  IN MOST OF THAT IS GOING TO BE SNOW AS IT CROSSES INTO THE NORTHERN  PORTIONS OF THE GREAT LAKES AS WE HEAD THROUGH THE AFTERNOON HOURS  TOMORROW CHECKING OUT PRECIPITATION ESTIMATES OVER THE PAST TWENTY  FOUR HOURS NOT A LOT ACROSS MOST OF THE LOWER FORTY EIGHT YOU CAN  SEE IN THE PACIFIC NORTHWEST SOME DECENT AMOUNTS ALREADY ADD IN THE  NEXT THIRTY SIX AND WILL ADD A LITTLE BIT MORE OUT WEST ESSPECIALLY THE  NORTHERN ROCKIES ADD A LITTLE BIT UP ACROSS THE NORTHERN PLAINS INTO  THE NORTHERN GREAT LAKES AS WELL AND SPOTTY AMOUNTS IN FLORIDA  CHECKING OUT SNOWFALL ESTIMATES PAST TWENTY FOUR HOURS NOT A LOT AS  WELL BUT ADDING IN THE NEXT THIRTY SIX NOW WHEN I SAY NOT A LOT THERE'S  BEEN A LOT IN THE HIGHER ELEVATIONS OF  THE NORTHERN ROCKIES BUT FOR THE MOST PART THE LOWER FORTY EIGHT HASN'T SEEN A WHOLE LOT WE WILL  SEE A LITTLE BIT THERE IN NORTHERN MINNESOTA INTO NORTHERN WISCONSIN  AND NORTHERN MICHIGAN OVER THE NEXT THIRTY SIX HOURS. HIGH  TEMPERATURES THIS AFTERNOON A LOT MORE TOLERABLE THAN THEY HAVE  BEEN TWENTIES AND THIRTIES FOR THE GREAT LAKES IN THE NORTHEAST STILL  LOW TO MID FIFTIES ALONG THE GULF COAST WHICH IS CHILLY FOR YOU FOLKS I  REALIZE LOW TEMPERATURES TOMORROW MORNING ONLY IN THE TWENTIES  ACROSS MOST OF THE CENTER OF THE COUNTRY A FAR CRY FROM WHAT THEY  WERE TWO MORNINGS AGO AND AND BY TOMORROW AFTERNOON FIFTIES AND  SIXTIES INTO THE SOUTHEAST THIRTIES AND FORTIES INTO THE CENTRAL AND  NORTHERN PLAINS THERE 'S A JET STREAM AND THIS IS THE REASON WHEN YOU  START TO GO ZONAL AGAIN GET RID OF THAT BIG TROUGH IN THE EAST YOU  DEFINITELY GET RID OF THE ARCTIC AIR SO IT 'S BOTTLED UP HERE FOR NOW BUT  YOU CAN SEE OUR  MODEL IS PUSHING IN A PRETTY GOOD TROUGH TO START  THE WEEKEND AND INTO NEXT WEEK IN THE WEST AND THAT 'S PROBABLY GOING  TO BE THE PATTERN AS WE HAD INTO JANUARY THAT 'S A LOOK ACROSS THE  COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS FIRST OF ALL  EUREKA CALIFORNIA CLOUDY AND COOL MABE A BIT OF RAIN HIGH TEMPERATURE  FIFTY FOUR GALVESTON TEXAS A MIXTURE OF SUNSHINE AND CLOUDS CHILLY THOUGH HIGH JUST FIFTY THREE AND HOLTON MAINE MOSTLY SUNNY BUT STILL A  COLD SIDE HIGHER AROUND SEVENTEEN DEGREES  THANKS MIKE.

TEASE
THE TREE IS UP, AND LIKE YOU WE'RE GETTING READY FOR CHRISTMAS.  COMING UP THIS FRIDAY WE WILL PRESENT OUR ANNUAL SPECIAL SHOW - CHRISTMAS IN THE COUNTRY. WE'LL VISIT A TREE FARM THAT'S CREATING FAMILY MEMORIES IN INDIANA.   PLUS  WE VISIT A TOWN THAT HELPS SANTA SORT THROUGH ALL THAT MAIL. AND A  WHOLE LOT MORE. TUNE IN FRIDAY FOR CHRISTMAS IN THE COUNTRY. LAWMAKERS CALL ON FDA TO CRACK DOWN ON THINGS CALLED MILK THAT DON'T  COME FROM LIVESTOCK. DETAILS NEXT. AND LATER THE CHALLENGE OF HELPING THE WORLDS FARMERS GROW YIELDS  WHEN MOST DON'T HAVE ACCESS TO MODERN TOOLS OR TRAINING. WE'LL SEE  HOW ONE CHARITY IS TRYING TO CHANGE THAT. AGDAY - BROUGHT TO YOU BY FARMER'S EDGE.  FOR THE LATEST IN MAKING SENSE OF YOUR DATA - VISIT GROWYOURRETURNS.COM.

DAIRY REPORT
A BI-PARTISAN COALITION OF LAWMAKERS IS URGING THE FOOD AND DRUG ADMINISTRATION TO "GET TOUGH" ON WHAT PRODUCTS CAN BE CALLED "MILK". A LETTER SIGNED BY 32 REPRESENTATIVES IS ASKING THE F-D-A TO MORE  AGGRESSIVELY PURSUE THE USE OF DAIRY TERMS, SPECIFICALLY MILK, CHEESE  AND YOGURT, ON PRODUCTS THAT DO NOT CONTAIN DAIRY INGREDIENTS . THE LAWMAKERS THINK SO-CALLED MILK PRODUCTS MADE FROM SOY OR  ALMONDS SHOULD BE CALLED SOMETHING ELSE. THE NATIONAL MILK PRODUCERS FEDERATION SAYS MORE REGULATIONS ARE  NOT THE ANSWER. THE ORGANIZATION JUST WANTS THE F-D-A TO ENFORCE  RULES ALREADY ON THE BOOKS. THE LETTER CALLS THOSE PRODUCTS - QUOTING NOW - "MISLEADING TO  CONSUMERS, HARMFUL TO THE DAIRY INDUSTRY, AND A VIOLATION OF MILK'S  STANDARD OF IDENTITY." TWO FAMILIAR NAMES IN THE MIDWEST MILK INDUSTRY ARE JOINING FORCES. OFFICIALS FROM PRAIRIE FARMS DAIRY AND SWISS VALLEY FARMS  COOPERATIVES ANNOUNCED PLANS FRIDAY TO MERGE. THE DEAL MUST STILL BE APPROVED BY EACH COMPANY'S CO-OP MEMBERS. THE  CONSOLIDATED BUSINESS WILL CARRY THE PRAIRIE FARMS DAIRY NAME. PRAIRIE FARMS IS BASED IN CARLINVILLE, ILLINOIS AND HAS ABOUT 600 FAMILY  MEMBERS.  SWISS VALLEY FARMS IS IS LOCATED IN DAVENPORT IOWA AND HAS  ABOUT 400 MEMBERS. AND FOOD COMPANY DANONE IS LOWERING IT'S SALES TARGETS FOR 2016. IT SAYS SALES VOLUMES IN ITS FRESH BUSINESS HAS BEEN TRENDING LOWER FOR THE LAST 3 YEARS. IT'S ACTIVIA YOGURT BRAND CONTINUES TO STRUGGLE. DANONE SAYS A RELAUNCH OF THAT BRAND ISN'T HITTING ITS TARGETS. IT IS ALSO SEEING SALES DECLINE IN SPAIN, A COUNTRY WHERE IT'S  CONSIDERED THE LEADING SELLER OF FRESH DAIRY PRODUCTS.

TEASE
UP NEXT - LEARN ABOUT EFFORTS TO HELP SUBSISTENCE FARMERS IN SOME OF  THE MOST IMPOVERISHED COUNTRIES IN THE WORLD.....ONE ACRE AT A TIME.   DETAILS OF THE LOFTY GOAL, WHEN AGDAY CONTINUES. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY MARKET. 

IN THE COUNRTY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7 SERIES.  LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM. WHILE AMERICAN FARMERS TALK ABOUT USED EQUIPMENT PRICES AND INPUT COSTS, TO MILLIONS OF THE WORLD'S FARMERS THAT MEAN SOMETHING COMPLETELY DIFFERENT.NATS...WITH HOE TURNING OVER SOIL...THIS IS THE EQUIPMENT MANY FARMERS RELY ON AS THEY PLANT AND HARVEST JUST A FEW ACRES. INPUTS...SAVED SEEDS FROM THE YEAR BEFORE.ITS THIS REALIZATION--AND MEETING SIMILAR FARMERS IN AFRICA-- THAT LED ANDREW YOUH TO FOUND THE ONE ACRE FUND. SHE WAS REALLY POOR. HER HARVESTS WERE TERRIBLE. SHE HAD LOST A CHILD AND I WAS REALLY STRUCK BY HER NEED. BUT I WAS ALSO INSPIRED BY HER NEIGHBOR WHO WAS YIELDING 4 TIMES AS MUCH FOOD. AND HER FAMILY WAS JUST THRIVING. THE DIFFERENCE WAS REALLY STARK. HE BEGAN ASKING QUESTIONS--THE DIFFERENCE, HYBRID SEEDS, FERTILIZER AND PROPER SEED SPACING...THE NEXT SEASON, HE PUT UP HIS OWN MONEY TO HELP 40 FAMILIES BUY THESE INPUTS.AT THE TIME I KNEW VERY LITTLE ABOUT FARMING. BUT THEY ALL HAD THE BEST HARVEST OF THEIR ENTIRE LIVES. IT WAS INCREDIBLE. TODAY, THE ONE ACRE FUND IS HELPING 450-THOUSAND FARMERS IN SIX COUNTRIES IN AFRICA.YOU'RE STARTING AT SUCH A LOW BAR. YOU'RE STARTING WITH PEOPLE WITH NO RESOURCES EXTREMELY LIMITED ACCESS TO ANYTHING INCLUDING CREDIT OR IMPROVED SEEDS. AND THOSE ARE THINGS THEY NEED TO BE ABLE TO BE SUCCESSFUL. 4:48WHICH IS WHY HOWARD BUFFETT AND HIS FOUNDATION ARE SUPPORTING ONE ACRE FUND'S WORK...AND WHY IN TURN, ONE ACRE FUND RECENTLY HONORED BUFFETT FOR HIS SUPPORT. HIS FOUNDATION HAS COMMITTED 500K DOLLARS WORTH OF RESOURCES TO THE COUNTRY RWANDA AND WE'RE JUST EXCITED TO COLLABORATE WITH HIM IN THE FIELD AND SEE A STRONGER RWANDA.THE KEY IS TO MAKE THOSE FARMERS SUCCESSFUL SO THEY DON'T NEED YOU ANYMORE. AND I THINK ONE OF THE UNQUIE THINGS ABOUT ONE ACRE FUND IS THEY THINK MORE THAT WAY. PART OF THAT SUCCESS IS BUILDING A NETWORK OF PEOPLE AND SUPPLIES. FARM INPUTS ARE IMPORTED FROM ABROAD AND STORED IN 20 REGIONAL WAREHOUSES.WE THEN LOAD 100'S OF LITTLE TEN TON TRUCKS AND SEND THEM EVERYWHERE ALL OVER THE FIELD. WE DROP IN MORE THAN 2000 RURAL DISTRIBUTION POINTS AND AT EACH DISTRIBUTION POINT YOU'LL HAVE 200 FARMERS WAITING TO RECEIVE THEIR FARM INPUTS SEED AND FERTILIZER AND THEN THEY'LL WALK IT HOME TO FIELD FROM THERE.ADD IN SOME BASIC AGRONOMY TRAINING AND A MICRO LOAN PROGRAM AND ONE ACRE FUND HELPING HUNDREDS OF THOUSANDS OF FARMERS IMPROVE THEIR HARVEST. IN OUR FIELD PROGRAM 80 PERCENT OF OUR REVENUES COME FROM OUR FARMERS. WE  BELIEVE RATHER THAN BEING A CHARITY TO THEM ITS MUCH MORE POWERFUL FOR THEM TO FEEL DIGNIFIED AS A CUSTOMER OF THE PROGRAM AND PAY FOR PART OF THE SERVICES THAT THEY RECEIVE. AND BETTER YIELDS TRANSLATE INTO BETTER LIVES. IF YOU TAKE SOMEONE EARNING 200 OR 300 DOLLARS A YEAR AND THEY'RE EARNING A THOUSAND OR 12-HUNDRED DOLLARS A YEAR THAT'S HUGE SUCCESS. AND THAT CHANGES EVERYTHING AROUND THAT COMMUNITY. BY 2020, ONE ACRE FUND HOPES TO SERVE AT LEAST 1 MILLION FARM. THEY SAY THOSE FARMERS WILL PRODUCE ENOUGH SURPLUS FOOD TO FEED  ANOTHER 5 MILLION OF THEIR NEIGHBORS.

CLOSE
THAT'S ALL OF OUR TIME THIS MORNING. THANKS FOR STARTING THE DAY WITH  US.   FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A  GREAT DAY. HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION) 

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