AgDay Daily Recap - August 3, 2018

August 3, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
AUGUST 3, 2018

HEADLINES

IT'S A SPECIAL EDITION OF AGDAY…FROM UNION CITY TENNESSEE AND THE  DEKALB ASGROW DELTA PINE FIELD DAY.OF COURSE, WE'LL GET THE LATEST NEWS FROM THE AGDAY STUDIOS. I'M BETSY JIBBEN. THE HURRICANE SEASON PREPARES TO RAMP-UP. DROUGHT INTENSIFIES IN PARTS OF THE CORN BELT. WHICH STATE WILL BE WELL-REPRESENTED IN FARM BILL TALKS? AND PUTTING THE BRAKES ON LIVESTOCK HAULING REGULATIONS. IN AGRIBUSINESS…MARKET MOVEMENTS AND TRADE. AND TALK AGRONOMY WITH LOCAL EXPERTS… PLUS…A LITTLE FARM SENSE ON THE BENNEFITS OF A FIELD DAY. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD. 

ON THE ROAD IN UNION CITY, TENN.
GOOD MORNING AND WELCOME TO AGDAY. I'M CLINTON GRIFFITHS. YES, AGDAY IS ON THE ROAD AGAIN THIS MORNING. TODAY—LIKE I SAID WE'RE IN  THE FAR WESTERN SIDE OF TENNESEE IN UNION CITY. THIS AREA IS KNOWN FOR ITS DIVERSITY OF CROPS, FROM CORN TO COTTON,  TOBACCO TO SOYBEANS FARMERS HERE HAVE PLENTY OF OPTIONS. THE BIGGEST HURDLE— IS ALWAYS THE WEATHER. AND SO FAR, SUMMER CROPS  ARE HANGING TOUGH—BUT A RAIN WOULD SURE HELP. A LOT OF OUR EARLY PLANNING CHANGE RIGHT NOW ARE FINISHED BLOEMEN. AND WE JUST GOT TO FEEL  POD'S. SO IF WE CAN JUST GET SOME GOOD MOISTURE HERE IN THE NEXT TWO WEEKS I THINK WE'LL  HAVE AN EXCEPTIONAL CROP. RIGHT NOW THE CROP LOOKS VERY CLEAN. WE'VE DONE A GREAT JOB OF KEEPING THE CROP CLAIM THEY'RE KEEPING A FEW BUGS OFF SOME WORMS OFF NOW AND TRYING TO GET  WRAPPED. WE'LL HAVE MORE FROM THE ROAD AND THE DEKALB ASGROW DELTAPINE FIELD  DAY COMING UP. 

DROUGHT MONITOR
BUT FIRST LET'S CHECK ON THE NEWS. BETSY JIBBEN JOINS US FROM THAGDAY  STUDIOS WITH TODAY'S HEADLINES. THANKS CLINTON. WHILE MOST OF THE MIDWEST IS ENJOYING SUFFICIENT MOISTURE THIS  GROWING SEASON, THERE ARE SOME SPOTS WHERE CROPS ARE IN TROUBLE. THIS FIELD IS LOCATED NEAR HARDIN, MISSOURI - WHICH IS ABOUT AN HOUR  EAST OF KANSAS CITY AND THE FIELD IS MADE-UP OF SANDY SOIL. ALL OF THE SURROUNDING COUNTIES ARE COVERED IN D-THREE DROUGHT CONDITIONS - THE SECOND WORST CATEGORY. A THIRD OF THE STATE IS IN SEVERE OR EXTREME DROUGHT. STATEWIDE - A THIRD OF THE CORN CROP IS POOR TO VERY POOR SHAPE. THE LATEST DROUGHT MONITOR SHOWS MICHIGAN AND PARTS OF WISCONSIN  HAVE DRY CONDITIONS, BUT OTHERWISE THE CORN BELT SHOWS ADEQUATE MOISTURE. 

HURRICANE SEASON
FOLLOWING LAST YEAR'S DEVASTATING HURRICANE SEASON FOR THE U-S, IT  APPEARS WE MAY GET A BREAK THIS YEAR. COLORADO STATE UNIVERSITY FORECASTERS HAVE UPDATED THEIR ANNUAL  OUTLOOK. THEY'RE CALLING FOR A BELOW-AVERAGE HURRICANE SEASON. DESPITE THE EARLY ARRIVAL OF SUBTROPICAL STORM ALBERTO IN MAY -- THE  ATLANTIC WATERS HAVE BEEN COOLER THAN NORMAL.  WARM WATER IS NEEDED  FOR HURRICANES TO DEVELOP. ACCORDING TO COLORADO STATE, TWELVE NAMED STORMS ARE LIKELY TO  FORM IN 2018, FEWER THAN LAST YEAR'S 17  FORECASTERS WARN NOT TO GET COMPLACENT. THE MOST ACTIVE TIME IN THE  ATLANTIC SEASON STARTS AUGUST 20THE AND PEAKS AROUND SEPTEMBER 10TH.  

CHINESE TRADE RELATIONS
THE CHINESE GOVERNMENT IS URGING THE TRUMP ADMINISTRATION TO RETURN  TO REASON. THIS COMES AS PRESIDENT TRUMP IS DIRECTING U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER TO CONSIDER HITTING CHINA WITH HIGHER TARIFFS ON  PRODUCTS. THE WHITE HOUSE IS PUSHING TO HIKE 10 PERCENT TARIFFS TO 25 PERCENT ON  200 BILLION DOLLARS WORTH OF CHINESE GOODS.  SO FAR, THE WHITE HOUSE HAS ADDED A 25 PERCENT DUTY ON 34 BILLION  DOLLARS WORTH OF CHINESE GOODS AND WILL IMPLEMENT TARIFFS ON  ANOTHER 16 BILLION WORTH OF CHINESE GOODS IN THE COMING WEEKS.  

FARM BILL
THE STATE OF NORTH DAKOTA WILL BE WELL REPRESENTED WHEN THE FARM  BILL CONFERENCE COMMITTEE CONVENES. THREE OF THE LAWMAKERS ARE FROM THERE. SENATOR JOHN HOEVEN - A REPUBLICAN - AND HEIDI HEITKAMP - A DEMOCRAT  HAVE BEEN NAMED TO THE COMMITTEE. THEY ARE TWO OF NINE SENATORS APPOINTED TO WORK OUT A COMPROMISE  BETWEEN THE SENATE AND HOUSE VERSIONS OF THE 2018 FARM BILL. REPRESENTATIVE KEVIN CRAMER - REPUBLICAN FROM NORTH DAKOTA - WAS  NAMED EARLIER AS A HOUSE CONFEREE. THE SENATE CLEARING A FOUR-BILL SPENDING PACKAGE FUNDING SEVERAL  GOVERNMENTAL AGENCIES FROM USDA TO THE FDA.  THE LEGISLATION SETS ASIDE 20-POINT-2 BILLION DOLLARS IN DISCRETIONARY SPENDING FOR USDA AND SECURES NEARLY 3 BILLION FOR THE FDA.  MAJORITY LEADER MITCH MCCONNELL HOPING AT SENDING TO CONFERENCE  NINE OF THE 12 BILLS WITH TEH OUSE AND SOON TO THE PRESIDENTS DESK  AFTER LABOR DAY.  

LIVESTOCK ELD REGULATIONS
LIVESTOCK HAULERS COULD GET ADDITIONAL TIME BEFORE TWO NEW TRUCKING  REGULATIONS GO INTO EFFECT. ON WEDNESDAY, THE SENATE PASSED AN APPROPRIATIONS BILL THAT INCLUDES  AN AMENDMENT THAT DELAYS THE IMPLEMENTATION OF THE 'ELECTRONIC  LOGGING DEVICES' MANDATE FOR LIVESTOCK HAULERS. THE E-L-D REPLACES  THE USE OF PAPER LOGS. THE AMENDMENT EXTENDS THE DELAY TO SEPTEMBER 2019. THE E-L-D TRACKS HOW LONG DRIVERS RUN THEIR TRUCKS. CATTLE TRADE  GROUPS COMPLAIN THE 'HOURS OF SERVICE' RULE - WHICH IS MONITORED BY THE E-L-D - DOES NOT TAKE INTO ACCOUNT THE CHALLENGES OF HAULING  LIVESTOCK. THERE'S A SIMILAR EXTENSION WORKING ITS WAY THROUGH THE HOUSEE. AN INDIANA-BASED ENGINE-MAKER IS RECALLING A HALF-MILLION TRUCKS  BECAUSE OF FAULTY POLLUTION CONTROLS. THE RECALL AFFECTS 2010-2015 MEDIUM - AND HEAVY TRUCKS WITH ENGINES  MADE BY CUMMINS. THE TRUCKS RANGE FROM BIG PICKUPS TO UTILITY TRUCKS TO BIG RIGS. THE ENVIRONMENTAL PROTECTION AGENCY SAYS THE DEFECTIVE PART MEANS POLLUTION CONTROLS ON THE ENGINES WEAR OUT MORE QUICKLY THAN  ALLOWED. 

FOOD PRICE INDEX
THE FOOD PRICE INDEX IS SHOWING ITS STEEPEST MONTHLY DECLINE SINCE  DECEMBER. THE U-N FOOD AND AGRICULTURE ORGANIZATION FOOD PRICE INDEX - WHICH  MEASURES MONTHLY CHANGES FOR CEREAL, OILSEED, DAIRY PRODUCTS, MEAT  AND SUGAR - DECLINED 3.7 PERCENT IN JULY, COMPARED TO JUNE. THE INDEX DECLINED ON WEEAKER EXPORTS FOR WHEAT, MAIZE AND RICE. THE INDEX SHOWING STEEP DECLINES IN SUGAR AND DAIRY PRICES AS WELL.  THOSE ARE THE HEADLINES. NOW BACK TO CLINTON GRIFFITHS - ON LOCATION  AT THE DEKALB ASGROW DELTA-PINE FIELD DAY IN UNION CITY, TENNESSEE. THANKS BETSY. 

CROP COMMENTS
MIKE HOFFMAN IS OFF TODAY, BUT DAVID HARKER WITH AGDAY  AFFILIATE WNDU IS FILLING IN AND HAS TODAY'S CROP COMMENTS. GOOD MORNING DAVID. GOOD MORNING, CLINTON.  THIS PICTURE COMES FROM RON HAASE OVER IN EAST CENTRAL ILLINOIS. RON SAYS SOME OF THE SOYBEANS FIELDS ARE EXTREMELY TALL - SO TALL HIS  WIFE DECIDED TO DEMONSTRATE FOR US.  USDA SAYS 75 PERCENT OF THE SOYBEANS IN ILLINOIS ARE RATED GOOD TO EXCELLENT.  WELL,  IT'S THE BEGINNING OF THE FALL CALVING SEASON FOR MATT BEACH IN  LEONARD, MISSOURI AS HE STARTS TO WELCOME CALVES ON HIS OPERATION. NOW, MISSOURI IS VERY DRY. THE U.S. DROUGHT MONITOR SHOWING NEARLY 95 PERCENT OF MISSOURI IS ABNORMALLY DRY. 65 PERCENT IS CONCERED A  MODERATE DROUGHT.  AND SPEAKING OF DROUGHT LET'S TAKE A LOOK AT THE DROUGHT MONITOR NOTICE ON THE SCREEN WHETHER IT BE IN MISSOURI DOWN IN TEXAS OR OUT IN THE FOUR CORNERS REGION OF THE UNITED STATES  THAT DROUGHT PERSISTS. LOOKS LIKE WE'RE GOING TO GET VERY LITTLE RELIEF IN THE DAYS TO COME AND  BE SURE TO STICK AROUND FOR THAT FORECAST. I'LL HAVE THAT LATER. NOW HERE ARE SOME HOMETOWN  TEMPS. 

TEASE
ALRIGHT WHEN WE COME BACK, WE'LL TALK MARKETS WITH ALLENDALE'S OWN  BILL BIEDERMAN. HE'S JOINING ME FOR A LIVE DISCUSSION NEXT. AND LATER, FIELD DAY FODDER AND AN AGRONOMISTS ASSEMENT OF THE  GROWING SEASON. 

AGRIBUSINESS
WELL WE'RE HAVING A LIVE DISCUSSION HERE AT THE FIELD DAY IN UNION CITY TENNESSEE. AND WE  HAVE BILL BITTERMAN HERE TO TALK ABOUT WHAT'S GOING ON WITH THESE MARKETS. AND BILL WE LOOK  AT THURSDAY. BOY IT WAS EXCITING. THERE WAS A LOT HAPPENING DURING THE DAY THURSDAY ON THE GRAIN SIDE OF THE MARKET. I WAS VERY WILD BECAUSE OF ALL VOLATILITY AND UNCERTAINTY AND THE  DRAMA THAT'S GOING ON IN WASHINGTON IS JUST REALLY PLAYED AN IMPACT AND THERE'S A LOT OF VOIDS  IN THE MARKET. SO IF THEY'RE BULLISH NEWS THE SELLERS ARE JUST GONE AND WE JUST POP AND THEN  VICE VERSA. YEAH IT SEEMS LIKE PEOPLE WANT TO BE IN THIS MARKET. THEY'RE JUST NOT SURE IF WE SHOULD BE IN THE MARKET. YOU KNOW A LOT OF A LOT OF PEOPLE ARE OFF TO THE SIDELINE. I MEAN THIS  MARKET IS VERY ATTRACTIVE IT'S VERY CHEAP IT'S EXTREMELY CHEAP BUT THERE'S SO MUCH DRAMA AND  SO MUCH FEAR OF SEEING TARIFFS ACCELERATE. PEOPLE DON'T WANT TO PARTICIPATE EXCEPT I DO  BELIEVE THAT AT LEAST THE GUYS I WORK WITH THE END USERS. YES THEY ARE BUYING THERE BUT IT'S  CHEAP IT'S CHEAP. THEY'RE THEY'RE WORRIED THEY'RE GOING TO LOCK IT IN AND IF WE HAVE A PROBLEM  IN THE NEXT YEAR OR IF DEMAND REVERSES AND THE MARKET STARTS TO GO UP THEY'RE GOING TO USE EVERY BUSHEL THEY LOCK IT. IT DOESN'T MATTER IF WE GO TO WHATEVER PRICE WE DON'T WANT TO SAY  BECAUSE BECAUSE IT WOULD NOT AFFECT THEIR BOTTOM LINE. RIGHT. RIGHT. SO AS WE LOOK AT WHERE  WE'VE SEEN THE MOST MOVEMENT I THINK A LOT OF PEOPLE ARE ASKING ABOUT SOYBEANS. WHERE DO WE SEE THE SOYBEAN MARKETS TODAY. SOYBEANS ARE HANGING PROBABLY BETWEEN 869. TWENTY  NINE DOLLARS ROUGHLY AND THAT'S WHERE WE ARE NOW. AND YOU KNOW WHEN YOU GET DOWN BELOW  860 THEY'RE CHEAP. I MEAN EVEN TODAY WE WERE AT DOLLAR 17 CHEAPER THAN BRAZIL. WOW. SO YOU KNOW LIKE IF YOU'RE THE EU AND YOU NORMALLY BUY YOU KNOW 180 MILLION BUSHELS FROM  THEU.S. THEY BUY 500 AND 14 MILLION BUSHELS. WHY WOULDN'T THEY BUY ANOTHER HUNDRED MILLION  BUSHELS FROM US TODAY RIGHT NOW. GET IT DONE AND YOU'RE A HUNDRED MILLION BUSHELS ON ABOUT A TWO DOLLAR SPREAD I THINK IS 200 MILLION DOLLARS. IF YOU'RE DOING THAT MATH LESS HERE ON ONE  ON THE CORN SIDE OF THINGS WHAT DO WE SEE THERE DEMAND. WE DON'T PRODUCE AS MUCH CORN  AS WE CONSUME. THE CORN INDUSTRY IS SITTING IN THE REALLY IT'S ONLY BEEN SET UP LIKE THIS THREE  OR FOUR OTHER TIMES IN HISTORY. ALL THE WAY BACK TO 1970. SO YOU KNOW THE CORN INDUSTRY UNLESS  WE JUST HAVE A HUGE INCREASE IN ACRES NEXT YEAR IT'S ON SOLID FOUNDATION. SO AS YOU'RE LOOKING  AT WHAT ARE YOU TELLING FOLKS. WELL RIGHT. I'VE BEEN BUYING IT AND BUYING MORE IF IT GOES DOWN.  NEXT WEEK I'LL BUY SOME MORE BECAUSE IT'S YOU KNOW THE FARMER CAN'T PRODUCE IT FOR THIS AND THE CONSUMER CAN CONSUME IT. RIGHT. AND SO YOU KNOW YOU WE'RE WE'RE SEEING WE'VE HAD A  30 PERCENT DROP IN WORLD STOCKS JUST IN THE LAST TWO YEARS AND ABOUT A 20 PERCENT DROP IN  UNITED STATES STOCKS. PEOPLE GO OH WELL STOCKS ARE STILL REALLY BIG. NOT IF YOU BRING IT DOWN TO  A PER DAY. YOU KNOW WE'RE DOWN LIKE 39 DAYS SUPPLY RIGHT. YOU THROW ANY KIND OF HITS IN THERE  WITH MORE DEMAND OR MAYBE LESS SUPPLY SOMEWHERE LIKE EUROPE OR WHATEVER. IT'S YOU KNOW  SOMETHING TO BE ENCOURAGED ABOUT. ABSOLUTELY. ALL RIGHT. APPRECIATE IT BILL. THANK YOU FOR YOUR INSIGHT. WE'LL BE BACK IN MORE EGG DAY FROM THE ROAD. COMING UP COULD TALK WITH.

WEATHER
WELL CLINTON WHETHER IT BE THE NEXT COUPLE OF WEEKS OR THE NEXT 30 DAYS THE HEAT IS GOING TO  BE ON UNFORTUNATELY FOR THE DEEP SOUTH IN PORTIONS OF THE WESTERN PLAINS STATES AND GETTING  LITTLE RELIEF FROM THE DROUGHT CONDITIONS IN THE FOUR CORNERS REGION AS WELL AS IN THE CENTRAL  PLAINS BELOW NORMAL TEMPERATURES HANG AROUND IN THE UPPER MIDWEST AS WELL AS THE LOCATIONS RIGHT THERE ALONG THE EASTERN SEABOARD. MOST OF US WILL PROBABLY BE NORMAL IF NOT A  LITTLE BIT BELOW ABOVE NORMAL CONDITIONS UP IN THE EXTREME NORTHEAST. LET'S TAKE A LOOK IN TIME  AND SEE WHAT PRECIPITATION FALL HERE. NOTICE ON THE SCREEN THAT THE BULK OF THE PRECIPITATION IS  WELL EAST OF THE MISSISSIPPI RIVER I EXPECT IT IN THE CAROLINAS STRETCHING UP THROUGH THE NORTHEAST. AND YES WE WILL SEE STILL SOME DOWN IN THE PANHANDLE OF FLORIDA AS WELL. NOTICE  THIS BIG AREA OF DRY AIR THAT'S ASSOCIATE WITH HIGH PRESSURE SYSTEM THAT WILL DOMINATE THE  WEEKEND FORECAST AS WELL. THE RAIN SHOWERS CONTINUE TO PUSH THROUGH ALONG WITH OUR NEXT SYSTEM. BUT IT DOESN'T LOOK LIKE IT IS GOING TO GIVE US A LOT OF PRECIPITATION AT LEAST FOR THE MIDWESTERN STATES UNTIL WE GET PAST THE UPCOMING WEEKEND. IT REMAINS DRY OUT WEST AS WELL  WHETHER IT BE THE FOUR CORNERS REGION OR THE NORTHWEST. YEAH WE COULD USE A LITTLE BIT OF RAIN  EVERYWHERE ACROSS THE ENTIRE UNITED STATES. NOTICE WHAT HAPPENS AS WE GET TO THE EVENING HOURS ON SATURDAY. THE PRECIPITATION REALLY PICKS UP IN LOCATIONS RIGHT THERE ALONG THE GULF OF  MEXICO. THOSE ARE SOME OF THE LOCATIONS THAT HAVE SEEN QUITE A BIT OF RAIN. SO IF ONLY SOME  OF THAT WAS PUSHED TO THE CENTRAL PLAINS STATES WE'LL BE WATCHING THAT VERY CAREFULLY. LET'S TALK  ABOUT THE PRECIPITATION ESTIMATES AND YOU NOTICE ON THE SCREEN A LOT OF THE ACTIVITY IS GOING TO  BE STRETCHED OFF TO THE EAST NOW. I DO EXPECT THESE TWO AND THREE INCH POTENTIALS TO JUST STICK  AROUND WHETHER IT BE FROM THE DEEP SOUTH OR LOCATIONS RATHER ALONG THE GULF OF MEXICO STRETCHING UP THROUGH THE CAROLINAS VIRGINIA EVEN UP INTO NEW YORK AS WELL AS VERMONT AND  AREAS IN NEW HAMPSHIRE. NOTICE HOW DRY IT REMAINS ACROSS A GOOD PORTION OF THE CENTRAL  PORTION OF THE STATES WITH LITTLE RAIN EXPECTED EVEN AS WE LOOK TO THE EVENING HOURS ON  SATURDAY. SO HERE'S A LOOK AT TEMPERATURES THIS AFTERNOON ON THE SCREEN FOR YOU. WE'VE GOT THOSE TEMPERATURES WARMING UP INTO THE 90S ALL ACROSS THE PLAIN STATES WHETHER IT BE FROM  THE DAKOTAS STRETCHING DOWN THROUGH KANSAS AS WELL AS OKLAHOMA AND TEXAS TEXAS. WE'RE  LOOKING AT TEMPERATURES IN THE MIDDLE 90S PHOENIX 104. THAT'S GOING TO BE THE ONE SPOT ACROSS THE ENTIRE MAP. AND AS YOU SEE ON THE SCREEN TEMPERATURES GOING INTO THE OVERNIGHT  HOURS AND TOMORROW MORNING IT COULD GET A LITTLE DICEY. SO WE'LL BE WATCHING THOSE CONDITIONS  AS WELL. YOU'VE GOT TO WATCH OUT FOR THE ONE TO COME. NOW LET'S TAKE A LOOK AT SOME HOMETOWN TEMPS. TAKE A LOOK AT THE FORECAST FOR AREAS IN WASHINGTON RICH LINN WASHINGTON  THAT IS MAINLY SUNNY AND 86 DEGREES ON THE HIGH SIDE FOR RUSTON LOUISIANA SUNNY AND HOT  WITH 93 DEGREES. AND AS WE MAKE OUR WAY UP INTO NEW YORK HUDSON NEW YORK A HIGH OF 81.

FARM JOURNAL COLLEGE TV
WELCOME BACK TO AGDAY ON THE ROAD IN UNION CITY. WE'VE GOT LARRY GANANN AND TODD LADD  BOTH FOR AGRONOMISTS FROM DIFFERENT PARTS OF THE COUNTRY. LARRY LET'S START WITH YOU IN  TENNESSEE. WHAT ARE THE CROPS TO LOOK LIKE RIGHT NOW. USDA SAYS THEY LOOK FANTASTIC. I THINK  THAT'S A LITTLE BIT OF AN OPTIMISTIC TAKE FOR US. WE'RE SEEING CONDITIONS DETERIORATE JUST A LITTLE BIT  IN SOME AREAS. WE DID GET A LITTLE BIT OF RAIN IN A COUPLE OF DAYS AGO BUT WE'VE HAD SOME REALLY DRY SPOTS OVER THE LAST COUPLE OF THREE WEEKS AND WEST OF THE CITY. WE HAVE PEOPLE  THAT ARE PASSING WE MISSED THE RAIN. WE'VE ALSO GOT SOME THAT CAN'T SEEM TO VIOLATE THE OLD  SAYING GOES I THINK ALL OF THE SET UP WILL FOR AN AVERAGE YEAR WE'RE NOT GOING TO HAPPEN EVERY  YEAR THAT WE HAD LAST YEAR BECAUSE IT WAS IN PLACES BUT WE GOT ACCELERATING ITS WAY TO MATURITY. THAT USUALLY IS NOT SOMETHING THAT ADDS TO OUR USE UP EARLIER INTENSITY THIS YEAR BY  AT LEAST TWO TO THREE WEEKS THAN WE USUALLY DO 11 DAYS. BUT I DON'T THINK IT'S GOING TO BE ANY  TIME AS WE LOOK AT KENTUCKY WHAT ABOUT OVER IN YOUR PART OF THE COUNTRY. HOW DO THINGS LOOK  THERE. WE STARTED OUT A LITTLE SLOW. WE HAD SOME LOT OF RAINY WEATHER SO WE GOT A LITTLE BEHIND  ON PLANNING. THEN WE FINALLY GOT THE CROP PLANTED. WE'RE GROWING INGREDIENTS OR ARE AHEAD OF  WHERE WE WAS. SO WE'RE ACTUALLY THE CROP IS FURTHER ALONG NOW THAN WHAT IT SHOULD BE. YOU KNOW WE'RE FINE AND DANDY CORN SHOULDN'T BE THAT WAY. WE SHOULD STILL BE TWO WEEKS AWAY  FROM THAT. SO WE KNOW THAT AND SOYBEANS LIKE LARRY SAID WE'RE FINALLY GETTING SOME RAIN. YOU  KNOW WE'VE BEEN KIND OF DRY BUT WE'RE FINALLY GETTING SOME WATER. SO WE NEED TO KIND OF GET THIS SECOND LIFE. THE CORN CROP. IT'S NOT GOING TO BE AS GOOD AS LAST YEAR BUT WE'RE STILL GOING  TO HAVE A PRETTY RESPECTABLE CROP FOR 2008. LARRY AS WE TALK ABOUT AGRONOMY AND WHAT ARE  THE BIGGEST QUESTIONS THAT YOU ARE BEING ASKED THIS YEAR AS YOU VISIT WITH FARMERS AND  GROWERS IN THIS PART OF THE STATE WITH HER COMMODITY PRICES WHERE THEY ARE NOW TO MAINTAIN PROFIT WITH A BILLION DOLLAR CORN. ONE BRIGHT SPOT FOR US IS COTTON PRICES STRONG AS THEY ARE.  THAT DROVE AN INCREASE IN COTTON MAKERS COURSE THIS YEAR NORTH AND WEST OF THE CITY FOR THE  FOLKS THAT ARE PART OF SELF BROCARD THAT'S GOING TO MAKE UP FOR SOME OF THE LACK OF GRAIN PRICES. PROBABLY IS ONE OF THE BIGGEST QUESTIONS THAT YOU GET. HOW DO YOU SURVIVE IN A LOW  COMMODITY PRICE. WHAT ABOUT FOR YOU. WHAT ARE FOLKS ASKING IN KENTUCKY. WHAT PRODUCTS DO  WE NEED TO BE GROWN ON OUR FARMS. NO KNOW WHAT'S LOOKING THE BEST RETURN ON INVESTMENT OUR MARGINS ARE LOW. WHAT ARE THE KEY THINGS. BACK TO BASICS THAT WE SHOULD BE DOING THAT  HELPS US GET BACK TO WHERE WE CAN HELP WITH THE LOW COMMODITY PRICES AND HOW WE CAN STILL  SUSTAIN OUR GROWTH OVERALL 2018 GOING TO BE A YEAR TO REMEMBER A YEAR TO JUST GET THROUGH. WE'RE KIND OF DEPENDS WHERE YOU HAVE BUT I THINK IT'S GOING TO BE JUST A YEAR TO GET THROUGH.  ALL RIGHT. APPRECIATE IT. NOW SAME FOR YOU LARRY. YEAH I THINK SOME PEOPLE ARE GOING TO HAVE  ONE OF THE BEST CROPS THAT EVER HAD A LOT OF GOOD TO HAVE. ALL RIGHT. WE'LL BE BACK WITH MORE  AGDAY COMING UP IN JUST A MINUTE. 

IN THE COUNTRY
YOU KNOW I LOVE COMING TO A FIELD DAY. YES IT CAN BE HOT, AND MAYBE THE  TIMING ISN'T ALWAYS PERFECT (IS IT EVER)…BUT I LIKE THE FACT YOU'RE TAKING  TIME TO COME AND LEARN. AS A FARMER OR GROWER YOU PROBABLY ARE ONLY GOING TO GET ABOUT 40  CHANCES TO GET THIS JOB RIGHT. ONCE A YEAR— IF YOU'RE LUCKY…AND IF  MOTHER NATURE COOPERATES. BUT TO BE THE BEST AT WHAT YOU DO— REQUIRES EDUCATION. FINDING OUT THE LATEST RESEARCH, TRIAL RESULTS, SCIENTIFIC ADVANCEMENTS AND STRATEGIES THAT COULD MAKE THE  DIFFERENCE BETWEEN PROFITS OR LOSS IN A GIVEN YEAR. IT'S A LOT TO TAKE  IN…AND FIELD DAYS LIKE THIS ARE LOADED WITH INFORMATION. ITS REALLY  EASY IN YEARS WHERE PRICES ARE SAGGING OR THE WEATHER ISN'T  COOPERATING TO THROW YOUR HANDS UP AND FOREGO THESE LITTLE EXTRAS. BUT A SMALL INVESTMENT IN TIME OR MONEY MIGHT JUST BE THE KEY TO  UNLOCKING YOUR ENTIRE FUTURE. DON'T MISS THAT CHANCE. TAKE THE TIME TO  LISTEN TO LOCAL SCIENTISTS, TALK TO AGRONOMISTS OR RESEARCHERS, LEARN  WHAT YOU CAN FROM THE PEOPLE AND PLACES AT YOUR DISPOSAL.  NOT EVERY  IDEA IS RIGHT FOR YOUR OPERATION, DECIDING WHICH ONE'S WELL THAT'S YOUR  JOB, BUT DON'T FOREGO A CHANCE TO LISTEN OR LEARN. FIELD DAYS,  CONFERENCES AND CONVENTIONS MAY NOT ALWAYS SEEMS LIKE THE MOST  IMPORTANT PART OF YOUR YEAR BUT WHEN MARGINS ARE THIN, EVEN THE LITTLE THINGS CAN MAKE A BIG DIFFERENCE IN A FARM'S SUCCESS. 

CLOSE
THAT WRAPS US UP FOR THIS SPECIAL EDITION OF AGDAY. THANKS FOR BEING  SPENDING PART OF YOUR DAY ON THE ROAD WITH US IN UNION CITY TENNESSEE. HAVE A GREAT DAY IN FARM COUNTRY.

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