AgDay Daily Recap -February 16, 2015

February 16, 2015 02:57 AM
 

TODAY ON AGDAY
FEBRUARY 16, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - THE FIRST YEAR TO YEAR DROP IN LAND VALUES IN THREE DECADES. WE'LL TELL YOU WHERE. PLUS, THE CHALLENGES OF GROWING RICE IN DROUGHT-PLAGUED CALIFORNIA. IN AGRIBUSINESS...FEED USAGE FORECASTS...WHEN PRICES ARE LOW RECOGNIZE THAT THE WORLD VIEWS THOSE AS VALUED COMMODITY PLUS MACHINERY PETE IS LIKE A KID IN A CANDY SHOP AS HE REPORTS FROM THE NATIONAL FARM MACHINERY SHOW.  AND FINDING LIFE'S BALANCE WHILE PURSUIT OF HAPPINESS....THANKS TO HELP FROM TENNESSEE EXTENSION AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
CHICAGO FED:
GOOD MORNING I'M CLINTON GRIFFITHS. JUST AS STRONG CORN PRICES PUSHED FARMLAND VALUES HIGHER, WEAKER GRAIN PRICES PUSH THOSE FARMLAND VALUES BACK DOWN. AND FOR THE FIRST TIME IN NEARLY 30 YEARS, WE'RE SEEING A YEARLY DECLINE IN THE HEART OF THE CORNBELT...AND THAT'S OUR TOP STORY ON AGDAY.
KC FED:
WHILE GRAIN MARKETS PUSHED VALUES DOWN IN THE CORNBELT, STRONGER PRICES IN THE LIVESTOCK SECTOR HELPED LIFT FARMLAND VALUES IN THE GREAT PLAINS. THE TENTH FEDERAL RESERVE DISTRICT STRETCHES FROM MISSOURI TO MONTANA. IRRIGATED CROPLAND IS UP EIGHT-TENTHS FROM A YEAR AGO. BUT RANCHLAND IS UP MORE THAN TEN PERCENT, ON THE STRENGTH OF CATTLE MARKETS. OKLAHOMA SAW 19-PERCENT JUMP IN IRRIGATED CROP LAND. RECORD HIGH PRICES FOR BOTH FEEDER CATTLE AND FED CATTLE LATE IN THE YEAR FUELED DEMAND FOR GOOD-QUALITY PASTURE AND DROVE ADDITIONAL GAINS IN RANCHLAND VALUES ACROSS THE DISTRICT.
CANADA BSE:
A CASE OF BSE, ALSO KNOWN AS MAD COW DISEASE HAS BEEN FOUND IN A BEEF COW IN ALBERTA CANADA. THAT'S THE COUNTRY'S FIRST CASE SINCE 2011.
KEYSTONE NEBRASKA:
IN WHAT'S DESCRIBED AS A MAJOR WIN FOR ANTI-KEYSTONE PIPELINE ACTIVISTS, A NEBRASKA DISTRICT JUDGE HALTED TRANSCANADA'S ATTEMPTS TO USE EMINENT DOMAIN TO AQUIRE LAND. THE DISTRICT JUDGE ISSUED A TEMPORARY INJUNCTION ON BEHALF OF 70 LANDOWNERS WHO OPPOSE THE PIPELINE. THE INJUNCTION STAYS IN PLACE UNTIL THE STATE SUPREME COURT TAKES-UP THE MATTER. LAST MONTH, THE HIGH COURT RULED IN FAVOR OF TRANSCANADA IN GRANTING EMIMENT DOMAIN.
CA RICE:
CALIFORNIA HOLDS THE TITLE OF BEING THE SECOND-LARGEST RICE PRODUCING STATE...GROWING NEARLY ALL OF MEDIUM AND SHORT GRAIN RICE USED FOR SUSHI...
SINCE ALMOST ALL OF THE STATE'S CROP IS GROWN IN THE SACRAMENTO VALLEY,  AGDAY'S BETSY JIBBEN FINDS OUT HOW PRODUCERS IN A KEY GROWING AREA ARE COPING ENTERING A FOUR-YEAR DROUGHT.
TEASE:
WE'RE GOING TO CHECK ON MARKETS WHEN WE COME BACK.  PLUS A LOOK AT FEED USAGE AND AVAILABILITY IN THE COMING MONTHS.
CME REPORT:
IN AGRIBUSINESS TODAY - THE BOARD OF TRADE IS CLOSED TODAY FOR PRESIDENT'S DAY.... ON FRIDAY, US STOCKS TRADED IN RECORD TERRITORY. LETS CHECK HOW COMMODITIES DID FROM THE FLOOR OF THE CME.
TEASE:
WHEN WE COME BACK, MACHINERY PETE JOINS US FROM THE NATIONAL FARM MACHINERY SHOW…WHERE HE'S COMPARING NEW EQUIPMENT TO SLIGHTLY USED MODELS.
ITC TEN BALANCE:
THE HAPPIEST, MOST PRODUCTIVE PEOPLE OFTEN HAVE A NICE BALANCE TO THEIR LIVES. THAT'S A BLEND OF GOOD PHYSICAL AND MENTAL HEALTH, WORK THAT'S CHALLENGING BUT NOT TOO STRESSFUL AND SUPPORTIVE FAMILY AND FRIENDS. THE UNIVERSITY OF TENNESSEE EXTENSION IS STARTING A PROGRAM THAT ENCOURAGES ITS EMPLOYEES TO SEEK BALANCE.CHUCK DENNEY FROM U-T HAS MORE.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

 

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