AgDay Daily Recap -March 18, 2015

March 18, 2015 02:57 AM
 

TODAY ON AGDAY
MARCH 18, 2015

OPEN HEADLINES:
TODAY ON AGDAY - AN UPDATE ON CROP CONDITIONS IN THE SOUTHERN PLAINS. PLUS, A SPECIAL AGDAY REPORT--A BEHIND THE SCENES LOOK AT AN AGENCY RESPONSIBLE FOR MONITORING WATER IN CRITCALLY-DRY CALIFORNIA. IN AGRIBUSINESS...LESSONS FOR END-USERS...AND MEET A SOCIAL MEDIA WIZ MAKING A NAME FOR HERSELF FROM CONFINES OF THE FAMILY'S WISCONSIN DAIRY FARM. AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG-LASTING CHEVY SILVERADO AND BY BASF. WE CREATE CHEMISTRY.
WHEAT CONDITIONS:
GOOD MORNING I'M CLINTON GRIFFITHS. WITH SPRING JUST TWO DAYS AWAY, WHEAT GROWERS IN THE GREAT PLAINS SAY SOME SPRING SHOWERS WOULD BE A WELCOME SIGHT ON THEIR DRY SOIL...AND THAT'S OUR TOP STORY ON AGDAY.
VACLAVIK ON WHEAT:
I THINK THE CROP RATINGS FOR THE MOMENT ARE GOOD. BUT WE SAW IT LAST YEAR. YOU GET DRY WEATHER AND THE CROP FALLS OF A BIT AND YOU COULD HAVE YORUSELF A STORY.” BOTH ANALYSTS TOLD US THAT WHEAT TRADES HEADLINES. SO, IF THOSE DRY OR COLD CONDITIONS DO START IMPACTING RATINGS, THEY SAY IT COULD SPARK A RALLY. 
OTHER CROPS:
WHILE THE CENTRAL PLAINS ARE DRY, SOUTHERN GROWERS ARE RUNNING BEHIND BECAUSE OF TOO MUCH MOISTURE. TEXAS CORN PLANTING IS AT 11-PERCENT. USUALLY ABOUT A QUARTER IS PLANTED BY NOW. JUST FOUR PERCENT OF SORGHUM IS PLANTED. THE FIVE YEAR AVERAGE IS 18-PERCENT. CORN PLANTERS ARE SLOW TO START IN LOUISIANA AS WELL. AS OF MONDAY, NASS SAYS ZERO HAS BEEN PLANTED. IT'S USUALLY AROUND 20-PERCENT AT THIS POINT OF THE CALENDAR. RAIN CONTINUES TO HAMPER CROP PRODUCTION.
BANK HEALTH:
WHILE THOSE CROPS AND ONES YET TO BE PLANTED ARE WORTH LESS IN 2015, A NEW STUDY SAYS THE NATION'S FARM BANKS ARE POISED TO WEATHER THE FINANCIAL STORM. THE ANNUAL FARM BANK PERFORMANCE REPORT PUT OUT BY THE AMERICAN BANKERS ASSOCIATION SAYS THE NATION'S 2-THOUSAND FARM BANKS ARE WELL POSITIONED TO MEET THE NEEDS OF FARMERS AND RANCHERS DESPITE THE ECONOMIC DOWNTURN IN THE INDUSTRY. THE REPORT SAYS FARM LOANS JUMPED 14 PERCENT LAST YEAR TO A RECORD 94 POINT 6 BILLION DOLLARS. MORE THAN 97 PERCENT OF FARM BANKS WERE PROFITABLE IN 2014.
CROP WATCH:
MIKE HOFFMAN IS FRESH-BACK FROM VACATION. HE JOINS US NOW WITH CROPWATCH. GOOD MORNIGN MIKE.
TEASE:
JUST AHEAD WE'LL TALK GRAIN PRICES FROM AN END-USER'S PERSPECTIVE, AND LATER, ITS PART ONE OF A THREE PART SERIES--TAMING MOTHER NATURE. WE'RE HEADED TO CALIFORNIA TO SEE SOME HIGH TECH TOOLS HELPING PRODUCERS GET THE MOST OUT OF THEIR IRRIGATION.
CME REPORT:
IN AGRIBUSINESS IT WAS MOSTLY A DOWN DAY FOR TRADERS AT THE FLOOR OF THE CME.
LET’S GET THE DETAILS IN A DAILY REPORT.
TEASE:
STILL TO COME, PART ONE OF A THREE PART SERIES ON TAMING MOTHER NATURE.
WE'RE OFF TO CALIFORNIA TO SEE HOW WATER WATCHERS ARE HELPING FARMERS MONITOR CROPS AND IRRIGATION NEEDS.
CALIFORNIA WATER:
CALIFORNIA APPEARS TO BE HEADED FOR A FOURTH STRAIGHT YEAR OF DROUGHT. NOW THE STATE'S WATER RESOURCES CONTROL BOARD IS PLANNING TO TIGHTEN WATER CONSERVATION REQUIREMENTS. MUCH OF THAT WILL BE CENTERED ON CITIES AND RESTRICTING THE WATERING OF YARDS AND LANDSCAPES--WHICH ACCOUNT FOR ABOUT 70 PERCENT OF WATER USING IN ITS URBAN AREAS.
CLOSE:
YOU CAN LEARN MORE ABOUT MESA DAIRY FARM BY FOLLOWING ON HER BLOG DAIRYCARRIE.COM, ON FACEBOOK, AND ON TWITTER AT @DAIRYCARRIE! THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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