AgDay Daily Recap -Feb. 12, 2016

February 12, 2016 02:57 AM
 

TODAY ON AGDAY
FEB. 12, 2016
OPENING HEADLINES:

COMING UP TODAY ON AGDAY -THE HEAD OF EPA GETS AN EARFUL ON CAPITOL HILL. PLUS, WHAT IF THE AGENCY'S WATERSHED REGULATIONS MOVE TO THE MIDWEST?
 AND LAND PRICES TAKE A FALL IN 2015.
 IN AGRIBUSINESS OUR PARTNERS AT PROFARMER TAKE TALK ABOUT LOCKING IN FERTILIZER AND FUEL.
“IT REALLY DOESN'T MATTER; EVERYONE IS TALKING ABOUT CUTTING COSTS. FORTUNATELY, THE FERTILIZER MARKET IS WORKING WITH US A BIT.”
 I’M BETSY AT THE NATIONAL FARM MACHINERY SHOW IN LOUISVILLE, KEN., WE'LL DISCUSS LOWER NET FARM INCOMES AND HOW IT'S IMPACTED BUSINESS AND ATTITUDES, AHEAD ON THE SHOW.
AND THIS POPULAR RESTAURANT GETS ITS GREENS FROM AN UNUSUAL FARM.
HEARING ENCOURAGES EPA TO LISTEN TO FARMER INPUT ON HOT BUTTON ISSUES:
GOOD MORNING I'M CLINTON GRIFFITHS. THE HEAD OF THE EPA FINDING HERSELF IN THE HOT SEAT THURSDAY...APPEARING BEFORE THE HOUSE AGRICULTURE COMMITTEE TO DISCUSS A HOST OF REGULATIONS AND HOT BUTTON ISSUES.
THE HEARING LASTING IN THE NEIGHBORHOOD OF THREE HOURS. WHILE RESPECTFUL, THE DISCUSSIONS AND QUESTIONS POSED TO EPA HEAD GINA MCCARTHY WERE POINTED AND FRANK.
THE E-P-A'S WATERS OF THE U.S. RULE ARE MAJOR POINT OF CONTENTION-INCLUDING THE RECENT G-A-O REPORT CITING THE AGENCY FOR ITS USE OF SOCIAL MEDIA TO PROMOTE THE RULE.
CONGRESSIONAL LEADERS MAKING A POINT TO ENCOURAGE THE E-P-A TO LISTEN TO AND WORK WITH FARMERS AND LAND OWNERS AS THEY PURSUE RULES THAT IMPACT THEIR LIVELIHOODS.
WHAT WOTUS COULD LOOK LIKE:
IN THAT VEIN, YESTERDAY NATIONAL REPORTER BETSY JIBBEN TOOK AT CLOSER LOOK AT WHAT EPA'S MANDATED NUTRIENT DIET MEANS FOR FARMERS LIVING IN THE CHESAPEAKE BAY WATERSHED. TODAY SHE LOOKS AT THE POTENTIAL OF EPA REGULATING OTHER WATERSHEDS IN THE NEAR FUTURE. FOR THOSE LIVING ALONG THE CHESAPEAKE BAY WATERSHED, RULES AND REGULATIONS ARE A WAY OF LIFE.
"IT'S BECOME CUSTOMARY NOW. WE'RE MORE USED TO IT. THE FEAR IS THE FUTURE. ARE THEY GOING TO CHANGE THE GOAL LINE ON THIS?"
IN 2010 UNDER THE CLEAN WATER ACT, THE ENVIRONMENTAL PROTECTION AGENCY PUBLISHED A TOTAL MAXIMUM DAILY LOAD-ALSO KNOWN AS TMDL. THAT DETERMINES THE AMOUNT OF POLLUTANTS -SUCH AS NITROGEN, PHOSPHORUS AND SEDIMENT -THAT MAY BE RELEASED ON A DAILY BASIS FROM THE 6 STATES MAKING UP THE CHESAPEAKE BAY WATERHED. IT'S ALL AN EFFORT TO RESTORE THE BAY.
TMDL MANDATES MUST BE ESTABLISHED PER STATE:
EACH STATE CAN ESTABLISH ITS OWN SET OF TMDL MANDATES. IF IT DOESN'T, THE EPA CAN IMPLEMENT THEM AND FARMERS MUST COMPLY.
SOME AGRICULTURAL LAW SPECIALISTS SAY IT'S VERY POSSIBLE THAT GOAL LINE COULD STRETCH.. AND IT MAY HAPPEN SOON.
UNDER THE CLEAN WATER ACT, THE FEDERAL GOVERNMENT IS RESPONSIBLE FOR REGULATING *POINT SOURCE POLLUTANTS*-THAT IS A KNOWN DISCHARGE SOURCE -SUCH AS A PIPE, SHIP OR SMOKESTACK.
GENERALLY, THE STATES ARE RESPONSIBLE FOR REGULATING *NON-POINT SOURCE* POLLUTANTS SUCH AS RUNOFF FROM FERTILIZER, RAIN OR SNOWMELT. IN 2015, THE UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT SAID THE FEDERAL GOVERNMENT COULD HAVE AUTHORITY OVER BOTH POINT SOURCE AND NON POINT SOURCE POLLUTION-THAT COULD GIVE THE GOVERNMENT MORE JURISDICTION THROUGH THE TMDL PROCESS.
A DECISION THAT COULD SLOWLY BLEED INTO OTHER REGIONS.
FEDERAL RESERVE DISTRICT REPORT SHOWS FALL OF LAND VALUES:
REPORTING FOR AGDAY, I'M BETSY JIBBEN.
FEDERAL RESERVE DISTRICT BANKS IN THE NATION'S MIDSECTION RELEASING THEIR QUARTERLY AND YEAR-END REPORTS ON FARM INCOMES AND LAND VALUES -AND NONE OF THEM SHOWED ANY BIG SURPRISES. BOILING IT DOWN, FARM INCOMES CONTINUE TO SHRIVEL AND LAND VALUES DECLINE.
SECOND STRAIGHT YEAR OF ANNUAL DECLINE:
THE CHICAGO FED -REPRESENTING MOST OF THE CORNBELT -SHOWS FARMLAND VALUES FOR 2015 DECREASED THREE PERCENT FROM THE PREVIOUS YEAR. THIS IS THE SECOND STRAIGHT YEAR FOR AN ANNUAL DECLINE. THE CHICAGO FED SAYS THE LAST TIME THAT HAPPENED WAS DURING THE 1980'S.
IN THE ST. LOUIS DISTRICT -COVERING THE SOUTHERN CORN BELT AND MIDSOUTH VALUES ON QUALITY FARMLAND FELL ABOUT TWO AND A HALF PERCENT IN THE LAST QUARTER. RANCH AND PASTURE LAND ALSO SAW A DECLINE, OF ABOUT FIVE PERCENT.
AND IN THE KANSAS CITY DISTRICT -WHICH COVERS MUCH OF THE CENTRAL PLAINS AND BEEF COUNTRY -SHOWING VALUES OF NON-IRRIGATED CROPLAND DOWN 4-PERCENT. IRRIGATED DOWN TWO PERCENT.FROM A YEAR AGO.
THE K-C FED ALSO NOTES THAT GROWTH IN THE VALUE OF RANCHLAND STALLED IN THE FOURTH QUARTER ALONGSIDE SHARP DECLINES WE WITNESSED IN CATTLE PRICES. THE EXCEPTION WAS OKLAHOMA WHICH SAW SLIGHT INCREASES.
DROUGHT MONITOR:
THE LATEST DROUGHT MONITOR IS OUT. MIKE HOFFMAN JOINS US WITH A LOOK AND TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. FIELD WORK IS GETTING UNDERWAY IN LONOKE COUNTY, ARKANSAS. U OF A EXTENSION SAYS FARMERS ARE TAKING ADVANTAGE OF LATE-WINTER DRY WEATHER TO GET A JUMP START AHEAD OF SPRING PLANTING.
WE'LL HAVE YOUR FORECAST NOW HERE ARE SOME HOMETOWN
TEMPS AS WE CELEBRATE ABRAHAM LINCOLN'S BIRTHDAY.
ALRIGHT WHEN AGDAY CONTINUES, BETSY JIBBEN JOINS US ONCE AGAIN THIS TIME FROM THE NATIONAL FARM MACHINERY SHOW IN LOUISVILLE.
PLUS ADVICE FOR LOCKING IN FERTILIZER AND FUEL PRICES FROM THE CREW AT PROFARMER. AND LATER, LOCAL GREENS IN ARKANSAS HARVESTED FROM AN UNUSUAL SOURCE.
NATIONAL FARM MACHINERY SHOW:
THE NATIONAL FARM MACHINERY SHOW IS CONTINUING ON THIS WEEK IN LOUISVILLE, KY. 850 EXHIBITORS...PACKED INTO 27 INDOOR ACRES.
BETSY JIBBEN IS AMONGST THE CROWD AGAIN THIS MORNING. SHE JOINS US FROM THE SHOW WITH HOW COMPANIES ARE PREPARING FOR 2016. FARM INCOME IS THE CONVERSATION THROUGHOUT THE AGRICULTURAL COMMUNITY THIS WEEK. OVER THE PAST THREE YEARS, INCOMES HAVE DROPPED MORE THAN HALF WITH SOME PROJECTING A DECREASE TO INCOME AGAIN. EQUIPMENT MANUFACTURERS AT NFMS TOLD ME HOW THEY'RE HANDING THE NEWS AND HOW THEY'RE PREPARING TO ACCOMMODATE FARMERS THIS YEAR.
MANUFACTURES PREPARE:
 LAST YEAR WAS TOUGH WITH THE STEEPNESS OF HOW THE DECLINE WAS. NOW OUR MEMBER COMPANIES SAY THEY EXPECT MORE DECLINE IN '16, CERTAINLY MORE OF A LEVELING OUT, SO THEY FEEL THEY'RE READY. WITH THAT INCOME GOING DOWN, WE'VE SEEN FROM US, AS MANUFACTURERS WHEN IT COMES TO OUR PRODUCTION PACE, THE SUPPLY OF THE MARKET AND THE WHOLE CHAIN THAT GOES FROM US TO OUR DEALERS AND TO THE CUSTOMERS 31 AS THIS WAS HAPPENING AND WE WERE TOO SLOW IN REACTING TO THAT, THERE WAS TOO MUCH INVENTORY OUT THERE AND NOW WE'RE WORKING THROUGH THAT CYCLE THE DEALERS NEED TO RELY ON PARTS AND SERVICE BUSINESS INSTEAD OF THE NEW PRODUCTS, FROM A PRODUCER, YOU HAVE TO FIND AS MANY WAYS AS POSSIBLE FOR PRODUCT PER ACRE. '14 AND '15 WERE DRAMATIC DOWNTURNS AND I DON'T SUSPECT WE'LL SEE THAT DRAMATIC OF DOWNTURN TO '16.
NOW THE SHOW IS ENDING THIS WEEKEND, BUT OUR COVERAGE WILL CONTINUE INTO NEXT WEEK.
REPORTING FROM LOUISVILLE, KY, I'M BETSY JIBBEN.
PROFARMER:
THANKS BETSY. TODAY OUR PARTNERS OVER A PRO FARMER JOIN US TO DISCUSS WHETHER NOW'S A GOOD TIME TO LOCK IN FERTILIZER AND FUEL PRICES...IT'S THIS WEEK'S PROFIT BRIEFING. DAVIS, THERE'S BEEN A LOT OF TALK GOING INTO THE 2016 SEASON ABOUT CUTTING YOUR INPUT COST, WHETHER IT BE ON THE FERTILIZER SIDE, THE FUEL SIDE, IT DOESN'T REALLY...THE SEED SIDE, IT REALLY DOESN'T MATTER, EVERYONE IS TALKING ABOUT CUTTING COSTS. FORTUNATELY, THE FERTILIZER MARKET IS WORKING WITH US A BIT.> THAT'S ABSOLUTELY RIGHT AND AS PART OF THE GENERAL COMMODITY SLUMP, YOU MIGHT CALL IT, FERTILIZER HAS CERTAINLY FOLLOWED THAT TREND AS WELL AND THAT IS BASED ON THE PRODUCTION FEATURES AROUND THE GLOBE AND ALSO SOME DEMAND FEATURES AS WELL.> FOR THE NEW CROP COMING UP FOR INPUTS MONITOR EDITOR, DAVIS MICHAELSON AND ALL THE EDITORS AT PROFARMER IN CEDAR FALLS, IOWA, I'M CHIP FLORY.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN JOINING US. MIKE  HOW ARE WE GOING TO WRAP UP THIS WEEK. WHAT IS NEXT WEEK LOOK LIKE. IT LOOKS LIKE A WARMING TREND AT LEAST FOR 3-4 DAYS AS WE HEAD THROUGH THE MIDWEST AND INTO THE EASTERN PARTS OF THE COUNTRY. BUT FOR NOW IT'S ONE MORE COLD BLAST. THE AIR BEHIND THIS COLD FRONT COMING THROUGH CENTRAL PORTIONS OF THE COUNTRY EVEN COLDER THAN THE AIR IN FRONT OF IT.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL HEAD OT LONGVIEW WASHINGTON FIRST OF ALL CLOUDY WITH JUST A BIT OF RAIN AT TIME HIGH TEMPERATURE OF 55. BRADY TEXAS MOSTLY SUNNY AND WARM HIGH OF UP TO 76. AND FINALLY SPRINGFIELD OHIO BECOMING CLOUDY A BIT OF SNOW LATE HIGH OF 27 DEGREES.
TEASE:
CATTLEMEN REACT TO THE CME'S RECENT CHANGES TO LIVESTOCK CONTRACTS AND MARKET VOLATILITY. AND LATER, THIS SALAD IS GROWN LOCALLY IN ARKANSAS BUT NOT THE TRADITIONAL WAY YOU MIGHT EXPECT.
CME:
YESTERDAY WE TOLD YOU ABOUT THE CME GROUP'S PLANS TO REDUCE LIVESTOCK TRADING HOURS. LIVE CATTLE, FEEDERS AND LEAN HOGS FUTURES AND OPTIONS NOW TRADING MONDAY THROUGH FRIDAY--8:30 AM TO 1:05 PM. THAT'S ON TOP OF THE RECENT ADDITION OF MESSAGING LIMITS. THE NATIONAL CATTLEMEN'S BEEF ASSOCIATION--WHICH BROUGHT ITS CONCERNS ABOUT MARKET VOLATILITY TO CME--SAYS WHILE THESE ACTIONS ARE POSITIVE STEP, THEY WORRY ENOUGH ISN'T BEING DOWN TO ENSURE MARKET TRANSPARENCY.
NCBA SAYS IT'S ASKING CME FOR SOME SPECIFIC ACTIONS INCLUDING ADDING A DELAY TO TRADING ACTIONS, INCREASED ENFORCEMENT AGAINST SPOOFING, MONITORING AND REPORTING OF MARKET MISUSE, AND THE RELEASE OF AUDIT TRAIL DATA.
THIEVES STEAL BEE HIVES INTENDED FOR CALIFORNIA ALMOND CROP:
 AT THIS TIME OF YEAR, CALIFORNIA ALMOND GROWERS ARE PLACING AROUND 2 MILLION BEEHIVES IN THEIR ORCHARDS TO POLLINATE THE ALMOND CROP. BUT THE CALIFORNIA FARM BUREAU IS REPORTING THAT THIEVES ARE STEALING COMMERCIAL HIVES. WITHOUT THE HIVES, THERE ARE INADEQUATE NUMBERS OF BEES FOR THE POLLINATION PROCESS. FARM BUREAU SAYS HUNDREDS OF HIVES FROM THROUGHOUT CALIFORNIA HAVE BEEN REPORTED AS STOLEN. THE THEFT PROBLEM IS ADDITIONAL PRESSURE TO ALREADY SMALLER BEE COLONY SUPPLY.
TEASE:
UP NEXT, FRESH LOCAL SALAD FROM BEYOND THE FARM. THAT STORY FROM ARKANSAS WHEN WE RETURN.
IN THE COUNTRY:
FOR EARTH, FOR LIFE. THERE'S A BIG PUSH THESE DAYS TO EAT LOCALLY GROWN FOOD, RAISED BY FARMERS CLOSE TO HOME. A RESTAURANT IN NORTHERN ARKANSAS IS FULLY EMBRACING THIS "FARM TO FORK" MODEL. IT SERVES THE FRESHEST SALADS MONEY CAN BUY.
THE SOURCE, HOWEVER, IS NOT A FARM. STEVE GRANT FROM AGDAY AFFILIATE K-Y-THREE-TV WITH THE APPETIZING AND EDUCATIONAL DETAILS.
AT NEIGHBOR'S MILL AND BAKERY, FAMOUS FOR STONE GROUND BREADS AND SWEETS, HOME-GROWN MAKES THE MENU. WE LIKE TO BUY THE FRESHEST INGREDIENTS POSSIBLE, AND WHEN WE CAN WE LIKE TO BUY LOCAL, SO THIS KIND OF THING IS THE BEST OF BOTH WORLDS.
ACROSS TOWN IN HARRISON, EVEN IN THE DEAD OF WINTER, A LIVELY OPERATION AT NORTH ARKANSAS COLLEGE, FOR PRODUCING PRODUCE: WE WANTED TO MAKE OUR GREENHOUSE DIFFERENT THAN ANYWHERE ELSE IN THE STATE, SO ANYTHING WE HAVE IN HERE IS HYDROPONIC. A METHOD, STUDENTS LEARN, PRODUCES TASTIER AND FINER LETTUCE: THE QUALITY THAT YOU GET OUT OF THIS IS A LOT BETTER BECAUSE WE CAN MANAGE THE NUTRIENTS THAT GOES INTO THE LETTUCE, WE CAN MAKE SURE EVERYTHING IS PERFECT FOR THE LETTUCE TO GROW. IT'S MUCH MORE SYMMETRICAL YOU CAN ACTUALLY CALCULATE WHAT YOU'RE DOING WITH THE WATER. FROM START TO FINISH TAKES EIGHT WEEKS, BEFORE THE LETTUCE HEADS TO THE CHEFS: WHEN WE HARVEST IT SAY, 8AM, BY 9:30 ITS IN NEIGHBOR'S MILL RESTAURANT AS FRESH AS YOU CAN GET IT. THEY'RE HARVESTING THE PLANTS ON A THURSDAY AND WE'RE SERVING THEM THAT AFTERNOON.
STEVE GRANT REPORTING FOR AGDAY.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN AND OUR TEAM AT PROFARMER. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. MONDAY ON AGDAY MEANS A VISIT FROM MACHINERY PETE, INCLUDING COVERAGE FROM THE NATIONAL FARM MACHINERY SHOW. AND WHERE ARE CASH RENTS HEADING FOR FARMLAND. WATCH US WEEKDAYS HERE ON AGDAY.

 

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