AgDay Daily Recap -December 30, 2016

August 4, 2016 02:57 AM
 

TODAY ON AGDAY
DECEMBER 30, 2016

HEADLINES
TODAY ON AGDAY -  AS WE CLOSE THE BOOKS ON 2016, AG SECRETARY  VILSACK REFLECTS ON HIS TIME IN OFFICE <"  I'M REALLY PROUD OF THE WORK WE'VE DONE HERE">IT'S A ONE -ON-ONE WITH PRESIDENT OBAMA'S  LONGEST SERVING CABINET MEMBER.  ENERGY IS ON A BULLISH RUN- FIND OUT WHY.  WHAT COULD MOVE THE MARKETS IN 2017? PRO  FARMER SHARES A LIST OF WHAT TO WATCH.  AND A GREAT AMERICAN BARN WITH TIES TO A LOAN  COMPANY DURING THE GREAT DEPRESSION.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

VILSACK REFLECTS
GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON  GRIFFITHS. WE'RE 2 DAYS AWAY FROM THE NEW YEAR,   TRANSITION IS FULLY  UNDERWAY, AND NOW PRESIDENT OBAMA'S LONGERS  SERVING U-S CABINET MEMBER IS LOOKING BACK.  AG SECRETARY TOM VILSACK TOOK OFFICE IN JANUARY  OF 2009. IT'S BEEN AN EVENTFUL 7 YEARS, INCLUDING  PASSING AND IMPLEMENTING A NEW FARM BILL, A  PROCESS IN WHICH HE WAS ACTIVELY INVOLVED.  HE ALSO MADE REVITALIZING RURAL ECONOMIES A TOP  PRIORITY FOR THE DEPARTMENT.  RECENTLY OUR OWN CLINTON GRIFFITHS WAS ABLE TO  CATCH UP WITH SECRETARY VILSACK AND ASK HIM TO  REFLECT ON HIS TIME IN OFFICE. YOUR TIME IS WINDING DOWN HERE. AS YOU REFLECT  BACK. WHAT DO YOU TAKE AWAY. WHAT HAS BEEN  YOUR FAVORITE PART, BIGGEST ACCOMPLISHMENT...  HAVE YOU HAD TIME TO THINK ABOUT THAT YET?  I'VE TRIED TO SUMMARIZE IN ONE WORD WHAT I THINK  WE'VE BEEN ABLE TO DO HERE AND THAT WORD IS  DIVERSITY. I THINK WE'VE BEEN SUPPORTIVE OF A  DIVERSE CROP PRODUCTION METHODS. I THINK  WE'VE  BEEN SUPPORTIVE OF DIFFERENT SIZED OPERATIONS  WE'VE BEEN SUPPORTIVE OF NEW AND DIVERSE  MARKET OPPORTUNITIES. WE'VE BEEN CERTAINLY  SUPPORTIVE OF THE OF DIVERSITY WITHIN OUR  OPERATORS ENCOURAGING MORE WOMEN, MORE  VETERANS, MORE PEOPLE COLOR TO PARTICIPATE ALL  OF WHICH IS DESIGNED TO KEEP THIS GREAT AMERICAN  AGRICULTURE ALIVE AND PROSPERING AND WE'VE  SEEN THE BEST EIGHT YEARS OF EXPORTS IN HISTORY  OF COUNTRY. WE'VE SEEN RECORD INCOMES. EVEN  TODAY AS DIFFICULT AS PRICES ARE IF YOU LOOK IT 'S  FAMILY FARM HOUSEHOLD INCOME THE TOTALITY OF  HOUSEHOLD INCOME FOR FAMILY FARMS THE MEDIAN IS  TWENTY THOUSAND DOLLARS HIGHER THAN THE  SO WE ALL HAVE TO PUT THIS IN PERSPECTIVE. I'M  REALLY PROUD OF THE WORK WE'VE DONE HERE IT 'S A  TREMENDOUS DEPARTMENT I THINK WE'VE RAISED THE  AWARENESS OF THE IMPORTANCE OF AGRICULTURE OF  RURAL AMERICA IN TERMS OF POLICY MAKERS AND I  THINK WE CERTAINLY RAISE THE PROFILE OF THIS  DEPARTMENT. SO THAT HOPEFULLY IN THE FUTURE,  FUTURE SECRETARIES WON'T BE QUITE AS STRETCHED  AS WE HAVE BEEN IN TERMS OF BUDGETS AND  HOPEFULLY WE DON'T HAVE A FARM BILL  CONVERSATION THAT STARTS WITH HOW MUCH MONEY  WE CAN SAVE AS OPPOSED TO HOW MUCH NEED IS  THERE THAT NEEDS TO MET AND HOW CAN WE  CREATIVELY GO ABOUT MEETING IT. ANY ADVICE OR HURDLES THAT YOU EXPECT THEY'RE  GOING TO HAVE WATCH OUT FOR. WELL THERE THERE  IS A LOT OF ADVICE I COULD PROVIDE THE NEXT  SECRETARY. THE FIRST PIECE OF ADVICE IS TO  UNDERSTAND THERE ARE GREAT PEOPLE WHO WORK  HERE. THERE ARE THE POLITICAL APPOINTEES THAT  COME IN AND THEY HAVE GREAT IDEAS AND GREAT  THOUGHTS AND THEY'RE EXCITED IN THEIR PASSION  THEY'RE ENERGETIC THEY MAY NOT UNDERSTAND THAT  THERE ARE NINETY THOUSAND PEOPLE WHO HAVE  WORK HERE IN SOME CASES FOR TWENTY, THIRTY,  FORTY YEARS AND THEY ARE TO BE RESPECTED AND  UNDERSTOOD FOR WHAT THEY CAN CONTRIBUTE.  WE'VE GOT FOLKS IN COUNTY OFFICES THAT ARE SORT  OF THE CONNECTION BETWEEN US AND THE FOLKS  WHO SERVE. SO NUMBER ONE IS UNDERSTANDING  RESPECTING THIS. NUMBER TWO IS TO UNDERSTAND  AND FULLY APPRECIATE THE TREMENDOUS  CONTRIBUTION THAT RURAL AMERICA MAKES TO THE  REST THE COUNTRY AND BE ABLE TO ARTICULATE THAT  TO AUDIENCES YOUR TIME IS WINDING DOWN HERE. AS YOU REFLECT  BACK. WHAT DO YOU TAKE AWAY. WHAT HAS BEEN  YOUR FAVORITE PART, BIGGEST ACCOMPLISHMENT...  HAVE YOU HAD TIME TO THINK ABOUT THAT YET? 13 14OH A LITTLE BIT. WE'RE STILL FOCUSED, THE  PRESIDENT WANTS US TO RUN THROUGH THE TAPE. SO  WE'RE STILL FOCUSED ON DOING OUR JOB HERE AND  OBVIOUSLY THERE WILL BE TIME FOR REFLECTION BUT   I KNEW I WAS GOING TO GET THIS QUESTION AT THE  END OF THE ADMINISTRATION HAVING BEEN A TWO  TERM GOVERNOR I SORT OF UNDERSTAND HOW THIS  HOW THIS WORKS AND I'VE TRIED TO SUMMARIZE IN ONE WORD WHAT I THINK WE'VE BEEN ABLE TO DO HERE AND THAT WORD  IS DIVERSITY. I THINK WE'VE BEEN SUPPORTIVE OF A  DIVERSE CROP PRODUCTION METHODS. I THINK  WE'VE BEEN SUPPORTIVE OF DIFFERENT SIZED OPERATIONS  WE'VE BEEN SUPPORTIVE OF NEW AND DIVERSE  MARKET OPPORTUNITIES. WE'VE BEEN CERTAINLY  SUPPORTIVE OF THE OF DIVERSITY WITHIN OUR  OPERATORS ENCOURAGING MORE WOMEN, MORE  VETERANS, MORE PEOPLE COLOR TO PARTICIPATE ALL  OF WHICH IS DESIGNED TO KEEP THIS GREAT AMERICAN  AGRICULTURE ALIVE AND PROSPERING AND WE'VE  SEEN THE BEST EIGHT YEARS OF EXPORTS IN HISTORY  OF COUNTRY. WE'VE SEEN RECORD INCOMES. EVEN  TODAY AS DIFFICULT AS PRICES ARE IF YOU LOOK IT 'S  FAMILY FARM HOUSEHOLD INCOME THE TOTALITY OF  HOUSEHOLD INCOME FOR FAMILYFARMS THE MEDIAN IS  TWENTY THOUSAND DOLLARS HIGHER THAN THE  AVERAGE FOR AMERICAN FAMILY HOUSEHOLD INCOME  SO WE ALL HAVE TO PUT THIS IN PERSPECTIVE. I'M  REALLY PROUD OF THE WORK WE'VE DONE HERE IT 'S A  TREMENDOUS DEPARTMENT I THINK WE'VE RAISED THE  AWARENESS OF THE IMPORTANCE OF AGRICULTURE OF  RURAL AMERICA IN TERMS OF POLICY MAKERS AND I  THINK WE CERTAINLY RAISE THE PROFILE OF THIS  DEPARTMENT. SO THAT HOPEFULLY IN THE FUTURE,  FUTURE SECRETARIES WON'T BE QUITE AS STRETCHED  AS WE HAVE BEEN IN TERMS OF BUDGETS AND  HOPEFULLY WE DON'T HAVE A FARM BILL  CONVERSATION THAT STARTS WITH HOW MUCH MONEY  WE CAN SAVE AS OPPOSED TO HOW MUCH NEED IS  THERE THAT NEEDS TO MET AND HOW CAN WE  CREATIVELY GO ABOUT MEETING IT.13 IS THAT ONE OF THE THINGS THAT YOU WOULD SAY  TO THE NEXT SECRETARY OF AG I'M SURE THERE 'S A  MILLION THINGS YOU WOULD SAY BUT NY ADVICE OR HURDLES THAT YOU EXPECT  THEY'RE GOING TO HAVE WATCH OUT FOR. WELL THERE  THERE IS A LOT OF ADVICE I COULD PROVIDE THE NEXT  SECRETARY. THE FIRST PIECE OF ADVICE IS TO  UNDERSTAND THERE ARE GREAT PEOPLE WHO WORK  HERE. THERE ARE THE POLITICAL APPOINTEES THAT  COME IN AND THEY HAVE GREAT IDEAS AND GREAT  THOUGHTS AND THEY'RE EXCITED IN THEIR PASSION  THEY'RE ENERGETIC THEY MAY NOT UNDERSTAND THAT  THERE ARE NINETY THOUSAND PEOPLE WHO HAVE  WORK HERE IN SOME CASES FOR TWENTY, THIRTY,  FORTY YEARS AND THEY ARE TO BE RESPECTED AND  UNDERSTOOD FOR WHAT THEY CAN CONTRIBUTE.  WE'VE GOT FOLKS IN COUNTY OFFICES THAT ARE SORT  OF THE CONNECTION BETWEEN US AND THE FOLKS  WHO SERVE. SO NUMBER ONE IS UNDERSTANDING  RESPECTING THIS. NUMBER TWO IS TO UNDERSTAND  AND FULLY APPRECIATE THE TREMENDOUS  CONTRIBUTION THAT RURAL AMERICA MAKES TO THE  REST THE COUNTRY AND BE ABLE TO ARTICULATE THAT  TO AUDIENCES AND THREE IS TO UNDERSTAND THE  SCOPE AND BREADTH OF THIS DEPARTMENT. THERE 'S  NOTHING WE CAN'T DO AND WE HAVE SURPRISED SO  MANY PEOPLE DURING THE PAST EIGHT YEARS. WHEN  SOMEBODY WOULD SAY WELL WE NEED MONEY FOR  MENTAL HEALTH CLINICS WILL CAN DO THAT AT USDA  AND WE NEED HELP WITH REFINANCING HOMES DURING  THE RECESSIONS. WELL WE CAN DO THAT HERE AT THE  USDA OR WE NEED WATER PROJECTS AS A RESULT OF  FLINT MICHIGAN. WELL WE DO THAT USDA OR THE  OPIOID ISSUE, WE DO THIS AT USDA AND SO I THINK  THERE 'S A BETTER UNDERSTANDING OF THE SCOPE  AND REACH OF THIS DEPARTMENT AND I THINK IT TO  THE EXTENT THAT WE CAN ACCELERATE THAT  UNDERSTANDING IN THE FOLKS UP ON THE HILL IT  MIGHT BE A LITTLE EASIER.   BECAUSE I'VE BEEN DEALING WITH A BUDGET THAT 'S  ACTUALLY LESS THAN WHEN I CAME INTO THIS OFFICE  AND THAT HAS PRESENTED AN INTERESTING SET OF  CHALLENGES IT'S ALSO GIVEN US AN OPPORTUNITY TO  REALLY BECOME MORE EFFICIENT WE'VE LOOKED AT  EVERYTHING FROM OUR PERSONNEL TO OUR SPACE TO  HOW WE BUY THINGS TO WHAT WE BUY THEM, WHEN  WE BUY THEM WHO WE BUY THEM FROM, ALL OF THAT  YOU WOULD EXPECT A GOOD BUSINESS OPERATION TO  LOOK AT WITH LOOK WE'VE LOOKED AT AND WE'VE  BEEN ABLE TO SAVE OVER A BILLION ANA HALF  DOLLARS IN ANNUAL BASIS THROUGH THE WORK THAT  WE'VE DONE THAT 'S ALLOWED US TO DO MORE WITH LESS RESOURCES BUT THERE IS A POINT WHERE YOU  BEGIN TO STRETCH, YOU BEGIN TO CUT INTO THE INTO  THE MUSCLE AND THE FIBER OF THE OF THE  DEPARTMENT AND I HOPE THAT THE NEXT SECRETARY  DOESN'T HAVE QUITE THE BUDGET CHALLENGES VILSACK SAYS HE'S BEEN DEALING WITH A BUDGET  THAT'S LESS THAN WE HE CAME INTO THIS OFFICE. HE HOPES THE NEXT SECRETARY DOESN'T HAVE QUITE  THE BUDGET CHALLENGES HE'S EXPERIENCED.  WE'LL HAVE MORE FROM THE AG SECRETARY AS WE  CLOSE IN ON HIS FINAL WEEKS IN OFFICE. 

NATURAL GAS HIGHS/OIL PRICES
NATURAL GAS FUTURES FINISHING 2016 ON A HIGH  NOTE, SURGING TO A FRESH 2-YEAR HIGH EARLIER IN  THE WEEK     IT WAS THE FEBRUARY CONTRACT WHICH CLOSED  WEDNESDAY AT 3-89 3/4.  ANALYSTS SAY LEVELS IN STORAGE ARE ROUGHLY 10  PERCENT BELOW YEAR-AGO LEVELS.  THE STRENGTH IS CREDITED TO A COLDER WEATHER  FORECAST NEXT WEEK, WHICH MAY BOOST DEMAND  FOR HEATING FUEL. ENERGY ON A BULL RUN, AS CRUDE OIL FUTURES  HITTING A 17 MONTH HIGH EARLIER THIS WEEK, BEFORE  RETREATING. ACCORDING TO BLOOMBERG, CRUDE FUTURES ROSE  TO LEVELS WHICH HASN'T BEEN SEEN  SINCE JULY OF  2015. BLOOMBERG CREDITS THE RISE TO THE ORGANIZATION  OF PETROLEUM EXPORTING'S PROMISES TO CURB  PRODUCTION EARLY NEXT YEAR. SOMETHING OPEC  HASN'T DONE IN 8 YEARS.  BUT OPEC'S OIL CUT ISN'T THE ONLY PLEDGE. SAUDI  ARABIA'S PRIME MINISTER SAYS HE'LL GO BEYOND  OPEC'S COMMITMENTS. RUSSIA ALSO VOYING TO  REDUCE PRODUCTION AS WELL ADDING STRENGTH TO  THE CRUDE MARKET.  BUT SOME ANALYSTS AREN'T CONVINCED THE CUTBACK  WILL LAST.  <"THE HISTORY OF THESE CUTS STAYING IN PLACE IS REALLY BAD.  SOMEONE WILL GO AGAINST THE GRAIN AND THEN THE THING WILL FALL  APART. THE CHANCES OF THAT HAPPENING ARE FAIRLY GOOD. SO, IF THAT  WERE TO HAPPEN AND CRUDE OIL PRICES WERE TO COME BACK DOWN  AGAIN, THAT DOES GOOD THINGS FOR ETHANOL IN THE SENSE OF THE  BLEND BUT IT DOESN'T BODE WELL FOR E-85 DEMAND AS AN ALTERNATIVE  TO REGULAR UNLEADED GASOLINE.(TAKE OUT STUMBLING)">  SEIFRIED BELIEVES CRUDE PRICES COULD SOFTEN AND  HOPES ETHANOL PROFIT MARGINS STAY UP.  CHEPAER GAS PRICES ARE FUELING MORE DEMAND,  AND THAT'S ALSO GIVING ETHANOL PRODUCTION A  BOOST. 

IOWA ETHANOL
ACCORDING TO THE DES MOINES REGISTER, IOWA  PRODUCED A RECORD AMOUNT OF ETHANOL IN 2016.  THE IOWA RENEWABLE FUELS ASSOCIATION SAYS  THAT'S LARGELY DUE TO INCREASES IN ETHANOL  DEMAND, E-10 BLENDING AND ETHANOL EXPORTS. THE IOWA RFS SAYS IF THE INDUSTRY MOVES BEYOND E- 10 AND INTO HIGHER BLENDS, IT CAN UNLOCK A WEALTH  OF UNTAPPED POTENTIAL. 

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE  HERBICIDE FOR CORN, FROM DOW AGROSCIENCES."   > MIKE HOFFMAN JOINS US NOW WITH A LOOK AT CROP  COMMENTS. MIKE.  GOOD MORNING, TYNE.  LET'S START OFF IN MCLENNAN COUNTY, TEXAS.  A VIEWER SENDING THIS PHOTO TO AGWEB OF  CULTIVATING WEEDS OUT AND PUTTING PHOSPHORUS  AND POTASH IN FOR NEXT YEAR ON COTTON GROUND.THIS PRODUCER SAYS THE AREA HAS SOME GOOD  MOISTURE FOR WHEAT. IT'S SUNNY AND IN THE 60S.  AND OVER IN OTTAWA, ILLINOIS, KEVIN NELSON  SENDING US THIS SUNRISE PHOTO OF HIS CATTLE.  HE SAYS THE WEATHER HAS BEEN IN THE 30S DURING  THE END OF THE WEEK.  AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
COMING UP,  SO MANY FACTORS CAN INFLUENCE PRICES.  BUT WHAT SHOULD YOU KEEP AN EYE ON IN THE NEW  YEAR? CHIP FLORY AND BRIAN GRETE SHARE THEIR LIST IN  PROFIT BRIEFING.  AND WE TAKE YOU TO A GREAT AMERICAN BARN  WITHSTANDING THE GREAT DEPRESSION.  (   AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER- FIRST, WITH A PLAN FOR EVERY MARKET. 

PROFARMER PROFIT BRIEFING
MANY FACTORS CAN IMPACT PRICES FROM WEATHER  TO EXPORTS TO TRADE.  BUT WHAT SHOULD YOU BE WATCHING CLOSELY  DURING THE FIRST OF THE YEAR?  CHIP FLORY AND BRIAN GRETE SHARE THEIR "QUICK  LIST" DURING THIS MORNING'S PROFIT BRIEFING.  WELL BRIAN, WE'RE GETTING ANOTHER YEAR STARTED. THAT FIRST THREE MONTHS OF THE YEAR CAN SET THE TONE FOR A LOT OF THE MARKETS. WE PUT TOGETHER A LIST OF SOME OF THE THINGS THAT WE'RE GONNA BE WATCHING VERY CLOSELYIN THOSE FIRST THREE MONTHS OF THE YEAR. THESE ARE IN NO PARTICULAR ORDER UNTIL WE GET SET UP THE FINAL ONE. THE FINAL ONE OF THE MOST IMPORTANT. LET 'S START WITH A HOG SLAUGHTER. WELL, YOU KNOW I HAD SPENT FOR AN INCREDIBLY STRONG, OBVIOUSLY RECORD LEVELS THROUGH THE END OF 2016 HERE.  AND USDA 'S HOGS AND PIGS REPORT SAYS IT 'S PROJECTED TO RUN ABOUT FOUR PERCENT ABOVE YEAR AGO THROUGH THE FIRST QUARTER KEEP IN MIND USDA HAS BEEN LIGHT ON THEIR NUMBERS ALL SOME ARE PROBABLY AROUND 5 PERCENT PLUS IS WHERE SLAUGHTER IS GOING TO BE. MAYBE THE BEST NEWS FROM THAT HOGS AND PIGS REPORT IS THAT THERE IS STILL SOME EXPANSION OUT THERE BUT IT'S NOT RUNAWAY EXPANSION WHEN WE LOOK AT THE FARROWING INTENTIONS. RIGHT THAT YOU KNOW LAID BACK THOSE DOWN NOW I THINK ONE PERCENT ABOVE YEAR AGO THROUGH DEC AND FEB AND MARCH MAY OK, TRUMP'S FIRST THIRTY DAYS. MAN, TALK ABOUT SETTING A TONE. YEAH,IT 'S GOING BE CRITICAL JUST WHAT HE DOES TO SET THE TONE OF HOW AGGRESSIVE HE COMES OUT. WE ALL KNOW THAT HE LIKES TO TALK AND LIKES TO MAKE A BIG SPLASH AND I THINK THAT THOSE FIRST THIRTY DAYS AND THEN YOU HEAR ABOUT THE ALL IMPORTANCE OF THE FIRST HUNDRED DAYS WHAT KIND OF SPLASH IS HE GOING TO MAKE? WHAT KIND OF IMPACT WILL IT HAVE ON THE ECONOMY AND THE AG ECONOMY? OK, TRADE AND THE U.S. DOLLAR. WE'RE RUNNING UP OVER PAR, TRADING AROUND 103 IN THE INDEX. IT 'S A TRUMP BUMP BUT IS HAS SOME LEGS TO IT. WELL, WE'RE AT A FOURTEEN YEAR HIGH IN THE DOLLAR INDEX AND THE IMPACTS TO EXPORTS OBVIOUSLY. WHEAT, IT'S ALREADY STRUGGLING ON THE EXPORT SIDE OF THINGS. THE STRONGER DOLLAR DOESN'T HELP ANYTHING. THE MEATS, THEY HAVEN'T SLOWED DOWN ON THE EXPORT FRONT. WILL THAT CONTINUE? AND THEN CORN, YOU KNOW, I THINK THAT COMES INTO PLAY AS WELL. SOYBEANS, NOT SO MUCH. IT'S MORE OF A SEASONAL PLAY WITH THE SOUTH AMERICAN CROP. AND CORN EXPORT SALES AND MAYBE MORE IMPORTANTLY SHIPMENTS? A LOT OF IT IS GOING TO DEPEND WHAT THE SOUTH AMERICAN CROP DOES.  IF THEY HAVE PROBLEMS DOWN THERE, OUR EXPORT WINDOW ESPECIALLY FOR SOYBEANS, IS GONNA BE OPEN LONGER AND WIDER. IF IT LOOKS LIKE THAT THEIR CROP IS GOING TO COME ALONG AND BE RECORD LARGE LIKE IT'S ANTICIPATED NOW, THEN THAT WINDOW 'S GOING GOING TO SHUT RELATIVELY QUICKLY OK HERE 'S A GOOD ONE WHERE THE FUNDS PUT THEIR MONEY AND AND HOW QUICKLY THEY MOVE MONEY AROUND IN THE MARKET. THE FUNDS HAVE BEEN VERY COMFORTABLE LONG SOYBEANS FOR AN EXTENDED PERIOD OF TIME. AND ON THE FLIP SIDE THEY'RE VERY COMFORTABLE SHORT CORN AND WHEAT I DON'T SEE THAT CHANGING ANYTIME SOON TO BE HONEST WITH YOU AND ON THE FLIP SIDE THEY'RE VERY COMFORTABLE SHORT CORN AND WHEAT I DON'T SEE THAT CHANGING ANYTIME SOON TO BE HONEST WITH YOU.AT THIS POINT THEN I THINK YOU'LL SEE HIM GET OUT OF SOME OF THAT LENGTH. YOU MENTION THE NUMBER ONE ISSUE THREE OR FOUR TIMES AS WE'VE BEEN TALKING ABOUT ALL THESE OTHER SUB ISSUES IT 'S A SOUTH AMERICAN CROP. IT'S THE SOUTH AMERICAN WEATHER. IT 'S A SOUTH AMERICAN HARVEST PROGRESS. YEAH, AND I THINK THAT THAT 'S THE REAL KEY DRIVER FROM A PRICE PERSPECTIVE WHEN YOU LOOK AT THE CORN AND SOYBEAN MARKETS. HOW THAT COMES ALONG WILL BE DETERMINED WHERE WE GO ON PRICES THROUGH THOSE FIRST THIRTY DAYS OF THE NEW YEAR. AND THAT 'S A SHORT LIST. THAT 'S A SHORT LIST OF THINGS THAT WE'VE GOT TO WATCH AS WE GET THE NEW YEAR STARTED. FOR BRIAN GRETE AND ALL OF THE THE EDITORS OF PRO FARMER IN CEDAR FALLS I'M CHIP FLORY

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY CORVUS PRE-EMERGENCE  CORN HERBICIDE FROM BAYER.  THE ONLY HERBICIDE TO OFFER THREE  LEVELS OF DEFENSE AGAINST WEEDS - BURNDOWN, RESIDUAL AND REACTIVATION WITH RAIN. ) ALRIGHT, TIME NOW OF A CHECK OF WEATHER. YOUR LAST FORECAST FOR 2016. OH, I BETTER GET IT RIGHT THEN. EXACTLY, ONE LAST CHANCE. LOOKING AT THIS DROUGHT MONITOR,  ITDOESN'T LOOK LIKE IT BUT WE HAVE SEEN SOME IMPROVEMENTS.AND THERE 'S BEEN FAIRLY DRAMATIC WHEN YOU GO BACK ONE MONTH WHICH WE'RE GONNA DO RIGHT NOW. AS YOU CAN SEE A A MUCH LARGER AREA OF ORANGES AND REDS THERE IN THE SOUTHEASTERN PORTIONS OF THE COUNTRY NOW THE HEART OF IT STILL VERY DRY WE STILL SEE THAT EXCEPTIONAL TO EXTREME DROUGHT  BUT LET 'S GO BACK AND SEE HOW IT 'S CHANGED OVER THE COURSE OF LAST MONTH. YOU CAN SEE HOW THE ORANGE IS THE AREA ESPECIALLY HAS BEEN SHRINKING THROUGH THE SOUTHEAST OF THE LAST SECOND WE'RE GONNA SEE SOME AREAS THROUGH ARKANSAS AND IN THE SOUTHERN ILLINOIS WESTERN KENTUCKY JUST KIND OF GOES COMPLETELY OUT OF THE DROUGHT COMPLETELY AND SO WE ARE SEEING SOME IMPROVEMENT. BUT IT TAKES AWHILE TO GET OUT OF A SERIOUS DROUGHT LIKE THIS. LET 'S TAKE A LOOK AT THE WEATHER MAPS AND YOU CAN SEE HOW THE STORM SYSTEM IN THE NORTHEAST REALLY PUTTING DOWN SOME HEAVY SNOW BUT YOU'RE AT THE TAIL END OF IT HERE THAT WILL CONTINUE TO MOVE NORTHWARD, COLD FRONT MOVING SOUTH OF FLORIDA LIKE EFFECT SNOW WILL CONTINUE IN THE CENTRAL AND EASTERN PORTIONS OF THE GREAT LAKES. THROUGH THE DAY TODAY NEXT STORM SYSTEM A LITTLE BIT OF SNOW THROUGH THE NORTHERN TIER OF STATES BACKING OF THE ROCKIES AND A STORM SYSTEM IN THE SOUTHWEST BRINGING SOME RAIN TO SOUTHERN CALIFORNIA AND EVENTUALLY IN THE ARIZONA AND NEW MEXICO AS WELL THAT'LL BE SNOW ON THE HIGHER ELEVATIONS  ANOTHER WEAK SYSTEM DIVING DOWN ALONG THE COAST OF ALL CALIFORNIA AND THERE 'S THE ARCTIC AIR AS WE HEAD INTO THE DAY SATURDAY THEY'LL BE MOVING INTO WESTERN PORTIONS OF CANADA THAT WILL BE COMING SOUTHWARD AS WE HAD IN THE NEXT WEEK SO KEEP THAT IN MIND IF HE LIVED THROUGH THE NORTHERN TIER STATES.

TEASE
A FOOD COMPANY IS IN SOME HOT WATER FROM  FARMERS FOR AN ANTI GMO MESSAGE ON A CROP  WHICH ISN'T GENTICALLY MODIFIED. WE HAVE THE  DETAILS.   AND THE WINTER WHEAT CROP HAS ALREADY EMERGED  BUT HOW CAN YOU ACHIEVE A HEALTHIER CROP NEXT  SEASON?  WE SHARE ANSWERS DURING FARM JOURNAL COLLEGE  TV.  (  HERE'S THE SECRET TO SELLING OLD EQUIPMENT. PETE'S PICK OF THE  WEEK LETS YOU EASILY VIEW CURRENT MARKET PRICES. JUST TEXT PETE  TO 31313 TO GET STARTED! )

FARM JOURNAL COLLEGE TV
THE NATION'S WINTER WHEAT CROP HAS EMERGED BUT  FERTILITY MANAGEMENT IS  KEY FOR A HEALTHY CROP.  WHEAT AGRONOMIST PHIL NEEDHAM JOINS US TO TALK  ABOUT BUILDING TEST STRIPS FOR EVALUATING  DIFFERENT NITROGEN TREATMENTS MORE  EFFECTIVELY.  ALL RIGHT TODAY WE'RE STANDING IN ONE OF A  REPLICATED FERTILITY TRIALS. THIS IS BASICALLY A  LOCATION WITH A REPLICATED TRIAL THAT WE'RE  LOOKING AT DIFFERENT FERTILITY IMPUTS. SO THESE  ARE REPLICATED FOUR TIMES BASICALLY TEN-SEVEN  AND HALF INCH ROWS. SO THE WIDTH OF THE PLOT IS  SIX AND A QUARTER FEET WIDE. THEY'RE THIRTY FEET  LONG AND AGAIN THE REPLICATED FOUR TIMES SO WE  GET GOOD STATISTICAL DATA. BASICALLY, WHAT WE'RE  TRYING TO EVALUATE HERE, AS WE HAVE GONE IN THE  PAST, IS DIFFERENT WAYS OF APPLYING NITROGEN.  FOR EXAMPLE WE'RE COMPARING THREE WHOLE  NOZZLES TO FIVE HOLE NOZZLES TO A SEVEN HOLE  NOZZLES TO BROADCAST NITROGEN. AND HE CAN SEE  THE HEIGHT REDUCTION AND THE FOLIAR INJURY  ASSOCIATED WITH SPRAYING LIQUID NITROGEN OVER  THE TOP OF WHEAT IN THE JOINTING STAGE. THIS WAS  APPLIED APPROXIMATELY TEN DAYS AGO AND YOU SEE  THE STUNTING AND SOME OF THE FOLIAR LEAF INJURY  STILL VISUAL WITHIN THE CANOPY. SO LOOK AT HOW  MUCH SHORTER THIS PLOT HAS THAT HAS FOLIAR  APPLIED, BROADCAST APPLIED, LIQUID NITROGEN TO  THIS PLOT COMPARED TO THE ONES ON EITHER SIDE  THAT HAD DIFFERENT FORMS OF NOZZLES OR IDEALLY  STREAM BARS. THE STREAM BARS ARE OBVIOUSLY  APPLYING NITROGEN MUCH MORE EVENLY WITH MUCH  LESS YIELD MUCH LESS LEAF INJURY AND BETTER  YIELDS AT HARVEST TIME. WE'VE SEEN THAT BEFORE IN  THE PAST. SO DIFFERENT WAYS OF APPLYING  NITROGEN IS BEING STUDIED HERE, SO WE CAN LEARN  AND MAKE THEM BETTER RECOMMENDATIONS TO  GROWERS ON WAYS OF APPLYING FERTILIZER.

HUNTS TOMATO CONTROVERSEY
A NEW ANTI GMO CAMPAIGN BY HUNT'S IS CREATING  QUITE THE BACKLASH. LAST WEEK, THE COMPANY SAYING, QUOTE, NO MATTER  HOW FAR AFIELD YOU LOOK, YOU WON'T FIND A SINGLE  GENTICALLY MODIFIED TOMATE AMONG OUR VINES."  THE ANNOUNCEMENT INCLUDED A VIDEO, IN WHICH A  TOMATO FIELD DISPLAYED A SIGN SAYING NO GMOS IN  SIGHT. THAT STIRRED A FLURRY OF RESPONSES FROM  FARMERS, CONSUMERS AND SCIENTISTS CRTICIZING  THE COMPANY OF PANDERING TO THE SUPERSTITIONS  OF MISINFORMED EXTREMISTS SINCE NO TOMATOES  ARE GENETICALLY MODIFIED. 

TEASE
UP NEXT, WE HEAD TO IOWA FOR A GREAT AMERICAN  BARN WITH AN UNUSUAL PAST WITH THE BANK. AND  WHAT MAKES IT EVEN MORE INTERSTING IS ITS FOCUS  ON HAY. 

GREAT AMERICAN BARNS
THIS WEEK'S GREAT AMERICAN BARN TAKES US TO  WESTERN IOWA.  BUILT IN THE 30'S, OWNER WILL SICK  TAKES US ON A TOUR OF THIS ONCE ACTIVE DAIRY  BARN SO WHEN I MOVED HERE THE NEIGHBOR TOLD ME THE BARN WAS BUILT IN  NINETY THIRTY-FIVE IT WAS BUILT BY A LOAN COMPANY WHO OWNED LAND  THE LAND OF THE TIME BECAUSE IN IN THE THIRTIES A LOT A LAND WAS  LOST TOO LOAN COMPANIES AND THEY BUILT A NEW BARN HERE SO THEY  COULD SELL THE FARM. THIS BARN HAS NO CROSS BEAMS IN THE MIDDLE  PART WHICH FACILITATED DROPPING THE HAY ANYWHERE THAT YOU  WANTED TO AND THEN THE HAY DOOR IS UNIQUE INSTEAD OF GOING THE  WHOLE DOOR DOWN HINGING OUTWARD IN SOME CASES THEY JUST WENT  DOWN AND CRACK THIS ONE WAS A TWO PART HAY DOOR AND YOU PULLED  A EACH IT'S HINGED AT AN ANGLE SO THAT WHEN YOU OPEN THEM THEY  FOLD UP AGAINST THE CEILING ON EACH SIDE AND THE HAY DOESN'T  INTERFERE WITH THEM WHEN IT COMES AND I I MILKED COWS WHEN I  FIRST MOVED HERE I HAD THIRTEEN COWS THERE IN THE BARN AND THEN  STORED HAY IN THE HAY MOW.  I KEPT ADDING STEEL I FIRST PUT STEEL  ON THE ROOF I DID KEEP TO CUPULO WHICH A LOT OF TIME WHEN THEY PUT  STEEL ON THEY JUST DROPPED IT OFF AND THEN LATER I PUT A STEEL ON  THE SIDES AND WHEN I MOVED HERE I WAS HAPPY WITH THIS BARN  BECAUSE IT WAS RELATIVELY NEW CONSIDERING A LOT OF BARNS. AFTER  MILKED I COWS I DID HAVE HOGS IN IT FOR A WHILE BUT THEY'RE PRETTY  DESTRUCTIVE SO I GAVE THAT UP. BY THE WAY, BILL SICK IS A VERY FUNNY MAN. HE TOLD  US HE'S BEEN SICK ALL HIS LIFE, AND WHEN HE  MARRIED HIS WIFE, SHE GOT SICK TOO. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS LAST FRIDAY OF  2016.  WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY, WE WISH YOU A VERY  PROSPEROUS 2017. WE'LL SEE YOU IN THE NEW YEAR.  

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