AgDay Daily Recap - December 12, 2017

December 12, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 12, 2017


HEADLINES
THE PRESIDENT MAY HAVE GIVEN FARMERS AND  RANCHERS AN EARLY CHRISTMAS MESSAGE.. < BEFOR I COULD EVEN  SAY MERRY CHRISTMAS,. MR PRESIDENT, HE PUT  HIS THUMB UP AND SAID WE'RE GOIGN TO BE ALRIGHT ON NAFTA> TAX REFORM IS CENTER STAGE IN WASHINGTON,  DIFFERENCES BETWEEN THE HOSUE AND SENATE STILL  NEED TO BE WORKED OUT.  ONE OF THE PROPOSALS IN THE HOUSE IS THE BONUS  DEPRECIATION IS GOING TO RAMP UP TO 100 PERCENT FOR NEW AND  USED EQUIPMENT> TAX PLANNING TIPS YOU CAN START NOW.  IN AGRIBUSINESS, FOR FARMERS LOOKING FOR AN  EARLY CHRISTMAS GIFT, DON'T BANK ON TUESDAY'S  USDA REPORT < THEY WON'T MAKE ANY CHANGES TO PRODUCTION THERE. LEAVE THAT  TILL JANUARY WHEN IT'S THE FINAL PRODUCTION REPORT> AND A NORTH DAKOTA FAMILY ENJOYING THE HERITAGE  MUSIC OF GENERATIONS-PAST. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR  HIGH-STRENGTH DEPENDABILITY.

NAFTA TALKS
GOOD MORNING I'M TYNE MORGAN,  CLINTON GRIFFITHS IS ON ASSIGNMENT.  FARMERS AND RANCHERS MAY HAVE RECEIVED AN  EARLY CHRISTMAS MESSAGE FROM THE PRESIDENT...  NAFTA WILL SURVIVE.  SENATE AGRICULTURE COMMITTEE CHAIRMAN  APPEARING ON C-SPAN THIS WEEKEND.  HE DESCRIBED AGRICULTURE AS BEING IN A BAD  PATCH, WITH LOW PRICES FOR THREE YEARS.  WHEN ASKED ABOUT NAFTA, HE SAID WITH SO MANY THINGS OUT OF AGRIUCLUTRE'S CONTROL.. THE ONE  THING THE ADMINSTIRATION CAN CONTROL IS A  ROBUST TRADE POLICY. AND THAT'S NEEDED TO GIVE U- S FARMERS AND RANCHERS PREDICTABILTIY AND  STABILITY.  BUT THE SENATOR SAYS HE REMAINS OPTIMISTIC A  DEAL CAN BE MADE...   <I JUST MET WITH THE PRESIDENT AT THE CHIRISMAT PARTY AT THE  WHITEHOUSE, BEFOR I COULD EVEN  SAY MERRY CHRISTMAS,. MR  PRESIDENT, HE PUT HIS THUMB UP AND SAID WE'RE GOIGN TO BE ALRIGHT  ON NAFTA. SO WE'LL SEE WE'VE HAD LONG DISCUSSIONS, MANY  MEMBERS HAVE GONE UP AND TALKED TO THE APPROPRIATE FOLKS AT  THE WHITE HOUSE. AND I LOOK FORWARD TO GOING UP AGAIN, SO I'M STILL  OPTIMISITC WE'RE GOING TOBE OKAY> THE NEXT ROUND OF NAFTA NEGOTIATIONS ARE  SLATED TO TAKE PLACE JANUARY 23RD THROUGH THE  28TH IN MONTREAL, CANADA. 

TAX REFORM
THE PRESIDENT'S AGENDA FOR 2017 IS STILL IN PLAY.  AND AT THE TOP OF THE DOCKET-- TAX REFORM . FARM JOURNAL WASHINGTON CORRESPONDANT JIM  WEISEMEYER TELLING AGDAY THAT DESPITE THERE  ONLY BEING THREE OFFICIAL WORKING DAYS LEFT FOR  THE HOUSE, AND 4 WITHIN THE SENATE, LEGISLATORS  WILL STAY IN WASHINGTON UNTIL TAX REFORM GETS  APPROVED.  CONFERENCE ON THE BILLS KICKS OFF WEDNESDAY.  <I THINK IT'S A GOOD BILL. IS IT THE BEST BILL POSSIBLE? NO. IT'S THE BEST  POSSIBLE BILL. > THE SENATOR ADMITS THE G-O-P HAS DONE A BAD JOB  OF SELLING THE BILL, SAYING ONCE MORE PEOPLE  UNDERSTAND WHAT'S IN IT, HE THINKS VIEWS WILL  CHANGE.  BUT WITH UNCERTAINTY SURROUNDING HOW TAX  REFORM WILL PLAY OUT, FARM CPA PAUL NEIFFER HAS  TIPS FOR PLANNING TEH UPCOMING TAX SEASON.  AS THE CALENDAR PUSHES TOWARD THE END OF 2017,  FARMERS' ARE ASSESSING YEAR-END. FARM CPA PAUL  NEIFFER SAYS FOR FARMERS STARTING TO WORK ON  THEIR TAXES, THERE ARE 5 THINGS TO KEEP IN MIND  THIS TAX SEASON,  ESPECIALLY FOR FAMRERS WHO  SAW BETTER THAN EXPECTED YIELDS THIS YEAR.   THEY REALLY SHOULD BE LOOKING AT TAKING ADVANTAGE OF  SOME DEFERRED PAYMENT CONTRACTS WHERE THEY'RE ACTUALLY SELLING  THE GRAIN NOW ,YOU KNOW BECAUSE THEY DON'T HAVE STORAGE OR  SELLING THE GRAIN BUT ROLL THAT CASH DELIVERY OR THE CASH THAT THEY  GET INTO 2018. THAT GIVES AN OPTION IF RATES GO DOWN WE'LL STILL TAX  IT IN 18. IF IF RATES STAY THE SAME AND WE GOT SOME OFFSETTING  DEDUCTIONS IN 17 WE'LL BRING IT BACK INTO 17. THAT'S ALWAYS A GOOD  RECOMMENDATION.  BUT WITH LOWER GRAIN PRICES, NOT EVERYONE IS IN  THAT CAMP. LET'S SAY THAT YOU'RE A FARMER AND YOU ACTUALLY NEED TO  INCREASE YOUR INCOME. THERE'S MULTIPLE WAYS WE CAN CAPITALIZE  FERTILIZER WE CAN CAPITALIZE REPAIRS BECAUSE IN TODAY'S  ENVIRONMENT SOMETIMES YOU ACTUALLY WANT TO PAY A LITTLE BIT OF  TAX EVEN IF TIMES ARE BAD SO YOU WANT TO DEFINITELY BE ABLE TO  TAKE ADVANTAGE OF THOSE IF YOU CAN NEIFFER SAYS BONUS DEPRECIATION COULD BE  MODIFIED IF TAX REFORM SURVIVIES IN WASHINGTON.  AND THAT COULD HAVE IMPLICATIONS FOR THOSE  LOOKING TO BUY EQUIPMENT.    IT POTENTIALLY IS BECAUSE ONE OF THE PROPOSALS IN THE HOUSE  IS THE BONUS DEPRECIATION IS GOING TO RAMP UP TO 100 PERCENT FOR  NEW AND USED EQUIPMENT. NOW A BONUS IS USUALLY ON NEW ONLY.  BUT IF IT'S USED EQUIPMENT AND YOU CAN FIND GOOD EQUIPMENT AT A  GOOD PRICE AND IT'S FOR ANYTHING PURCHASED AFTER SEPTEMBER 27TH  OF THIS YEAR IF IT GOES THAT MEANS THEY'RE GETTING A HEALTHY  DEDUCTION THIS YEAR AT HIGHER TAX RATES.  NEIFFER SAYS FARMERS ARE OFTEN HESITANT ON  WHAT ACCOUNTING METHOD TO USE. BUT HE SAYS  WHEN LOOKING AT CASH VERSUS ACCRUAL,  THE   ACCURAL METHOD IS KING.  I THINK THE OTHER THING IS SINCE I AM THE PAST PRESIDENT OF THE  FARM FINANCIAL STANDARDS BOARD I THINK IT'S VERY IMPORTANT FOR OUR  FARMERS NOT JUST STRICTLY FROM A TAX STANDPOINT BUT FROM A  MANAGEMENT STANDPOINT THEY SHOULD KEEP VERY ACCURATE RECORDS  ON THE ACCRUAL METHOD THE TAX LAWS ALLOW THEM TO BE ON THE CASH  METHOD BUT FROM A MANAGEMENT STANDPOINT THE ACCRUAL METHOD  IS GOING TO GIVE A MUCH STRONGER PICTURE OF WHETHER THEY'RE  MAKING MONEY OR NOT AND THEY CAN STILL USE THE CASH METHOD FOR  THEIR TAX RETURN.  NEIFFER SAYS THAT'S ESPECIALLY TRUE FOR FARMERS  WHO HAVE KICKED CROP SALES INTO THE FOLLOWING  YEAR. ACCRUAL SIMPLY GIVES FARMERS A MORE  ACCURATE PICTURE OF WHERE THEY STAND. 

BAYER, MONSANTO MERGER
SPEAKING OF PLANNING FOR NEXT YEAR, BAYER PLANS  ON CLOSING ITS BUYOUT OF MONSANTO BY EARLY 2018,  BUT THE MEGA MERGER ISN'T A DONE DEAL. THE FATE  OF THE DEAL IS NOW MERKY, AND IT COULD BE THE  EUROPEAN UNION STANDING IN THE WAY.  BLOOMBERG REPORTING E-U REGULATORS ARE  LOOKING VERY CAREFULLY AT COMPETITION CONCERNS IF THE TWO COMPANIES BECOME ONE.   THE E-U ANITRUST REGULATOR IS SET TO RELEASE A  STATEMENT TO BAYER AG, WITH POTENTIAL REASONS  FOR THE E-U TO BLOCK THE MEGA MERGER.  IT'S A 66 BILLION TAKEOVER BID THAT'S BEEN IN THE  WORKS SINCE SEPTEMBER OF 2016. THE REGULATORS ARE WORRIED ABOUT IMPLICATIONS  THE MERGER WOULD HAVE ON SEED PRICES AND  AVAILABILITY.  THAT'S AFTER BAYER ANNOUNCED IT'S SELLING ITS U-S  BUSINESS TO BASF, IN ORDER TO CLEAR THE PATH FOR  THE MERGER TO GO THROUGH.   MONSANTO SAYS IT CAN'T COMMENT AT THIS TIME,  WHILE A BAYER SPOKESMAN TOLD AGDAY THAT BAYER  CONTINUES TO WORKW ITH THE NECESSARY  REGUALTOR PARTIES, IMNCLUDIG THE EU, TOWARD A  SUCCESSFUL CLOSE OF THE ACQUISTION OF  MONSANTO IN EARLY 2018. 

CROP COMMENTS
A SNOWY WEEKEND IN PARTS OF THE U-S. MIKE  HOFFMAN HAS DETAILS OF SOME SOUTHERN SNOW IN THIS MORNING'S CROP COMMENTS. GOOD MORNING, TYNE. AS AREAS BRACE FOR MORE  SNOW, SOME OF OUR VIEWERS ARE STILL RECOVERING  FROM AN UNEXPECTED SNOW.  IN ALAMABA, THE SNOW CAUSED MAJOR ROADWAYS TO  BE SHUT DOWN. MORE THAN 3 INCHES FELL IN  BIRNMINGHAM, WHILE 10 INCHES WAS REPORTED IN  ANNISTON, ALABAMA. THESE AREAS SEE SNOW FROM  TIME TO TIME, BUT IT TYPICALLY DOESN'T FALL SO  EARLY.  <AND JUST WHEN YOU THINK YOU'VE SEEN IT ALL THIS  YEAR, YOU SEE THIS. THE SNOW LEFT AN UNUSUAL  VIEW FOR FARMERS WITH COTTON STILL IN THE FIELD.  MACKIE SIDES SNAPPED THIS PICTURE IN NORTHEAST  ALABAMA, SAYING IS IT SNOW OR COTTON? THE  ANSWER OF COURSE WAS BOTH.  FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN  AGRICULTURE.  AGDAY, AGRITALK, U.S. FARM REPORT AND MORE -  24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP  TODAY.  )

TEASE
THE AG DEPARTMENT IS SET TO RELEASE ITS MONTHLY  SUPPLY-AND-DEMAND FIGURES FOR GRAINS. SHOULD YOU EXPECT FIREWORKS? THAT'S  AGRIBUSINESS.  . AND WILL THE FED HIKE INTEREST RATES THIS WEEK AS  THE COUNTRY'S ECONOMY GAINS STRENGTH. AND MEET A NORTH DAKOTA FAMILY WHO PLAYS THE  KIND OF MUSIC THAT WOULD MAKE LAWRENCE WELK  PROUD. YOUNG AND OLD ALIKE FROM THIS MUSICAL GROUP  ENJOY WHAT WAS ONCE KNOWN AS "CHAMPAGNE  MUSIC. AGDAY - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM  BAYER.  DESIGNED USING SMART GENETICS WITH TAILORED VARIETIES TO  FIT ANY FIELD CONDITION.  )

NEXT FED MEETING
RECEIVE A FREE TRIAL OF THE DAILY GRAIN PLAN NEWS LETTER FROM  ROACH AG MARKETING.  TEXT ROACH TO 31313.  START YOUR  SUBSCRIPTION BY TEXTING ROACH TO 31313.  ) IN AGRIBUSINESS, THE FEDERAL RESERVE TO KICK OFF  ITS LAST MEETING OF THE YEAR TUESDAY. AND IT WILL  LIKELY BE THE LAST TIME JANET YELLEN WILL OVERSEE  THE MEETING AS CHAIRWOMAN.  IT'S WIDELY EPXECTED THE FED WILL INCREASE ITS  BENCMARK INTERST RATE FOR THE THIRD TIME THIS  YEAR.  THAT WOULD BUMP RATES TO 1 POINT 5 PERCENT FROM  THE 1 POITN 25 PERCENT.  THE MOVE WOULD BE SUPPORTED BY A STRONG  ECONOMY. ON FRIDAY, A REPORT SHOWED THE ECONOMY ADDED  228 THOUSAND JOBS, WELL ABOVE EXPECTATIONS. ECONOMISTS SAY THE U-S ECONOMY HAS SEEN A  LONG, STABLE GROWTH.  WHY I THINK WE JUST GOT THROUGH OUR WHAT IS OUR 100TH 100  FIRST MONTH OF CONSECUTIVE GROWTH. SO THIS IS A LONG RECOVERY THAT  CERTAINLY HASN'T BEEN ROBUST BY HISTORICAL STANDARDS, BUT IT'S BEEN  LONG, IT'S BEEN CONTINUOUS. WE'RE STARTING TO SEE THAT GROWTH  SPREAD TO MANY SECTORS. AND IN FACT BENEFITS WAGES. WAGE  GROWTH FOR MANY DIFFERENT SKILLED WORKERS AND SO WHAT IT LACKS IN  VIGOR IT CERTAINLY MAKES UP FOR IN ITS IN ITS BREADTH AND  INSPIRATION.> THE FED WILL ANNOUNCE THEIR DECISION AT THE END  OF THE TWO-DAY MEETING. 

AGRIBUSINESS
THE U-S DEPARTMENT OF AGRICULTURE IS SET TO  RELEASE IT'S LATEST CRPO PRODUCTION REPORT  TUESDAY. BUT IT'S A REPORT THAT DOESN'T TEND TO  GENERATE A TON OF MARKET REACTION. CLINTON  GRIFFITHS JOINS US FROM THE AGRIBUSINESS DESK TO  FIND OUT WHY.  ]I HAVE DUANE BUSSIE BOLT MARKETING TALKING ABOUT THE  REPORT THAT WE EXPECT TO COME OUT LATER TODAY DECEMBER REPORTS  USUALLY NOT A LOT OF FIREWORKS RIGHT.   NO THERE USUALLY ISN'T. THEY WON'T MAKE ANY CHANGES TO  PRODUCTION THERE. LEAVE THAT TILL JANUARY WHEN IT'S THE FINAL  PRODUCTION REPORT. SO THIS WILL BE JUST AN ADJUSTMENT IN DEMAND  DOMESTICALLY ANYWAY AND RIGHT NOW THE TRADE IS WORRIED THAT  WE'RE GOING TO HAVE A DECREASE BE NEXT. WE'RE PROBABLY THE FIRST  TIME THAT'S HAPPENED IN A LONG TIME. BUT GUESS WHAT I DON'T EVEN  THINK IT'S GOING TO HAPPEN THIS TIME. WE ARE BEHIND PACE AND I  UNDERSTAND THAT AND WE'RE LIKE 59 PERCENT OF US DAY'S EXPORT  PACE VERSUS A NORMAL AVERAGE OF 73. BUT I DON'T THINK YOU AS  THEY WANT TO MAKE ANY CHANGES AND THEN COME BACK NEXT  MONTH AND ADJUST IT BACK UP. SO LOOK FOR ACTUALLY THE REPORT TO BE  A COMPLETE PUNT. I DON'T THINK THEY REALLY MAKE ANY CHANGES  WHICH WILL BE BULLISH COMPARED TO EXPECTATIONS.  OK. AS WE LOOK AT SOME OF THE OTHER FACTORS. ANYTHING ON THE  WORLD STAGE FROM A SUPPLY DEMAND STANDPOINT THAT YOU SEE OUT  THERE MAY BE INFLUENCING THESE MARKETS.   WELL WHAT WE'LL WATCH ON TUESDAY TO SEE IS IF USD CHANGES  SOUTH AMERICA SOYBEAN PRODUCTION WILL INCREASE BRAZIL'S SLIGHTLY  BECAUSE OF THEIR HEAVY RAINS WILL DECREASE ARGENTINA BECAUSE  THEY'VE BEEN DRY. THAT'S THE TALK BEFORE THE REPORT. I DON'T THINK  THEY'RE GOING TO CHANGE EITHER ONE OF THEM AGAIN BECAUSE THEY  WANT TO MAKE SURE IT'S REALLY EARLY IN THE GROWING SEASON TO  CHANGE THOSE. ONE THING I KEEP LOOKING AT THE WORLD STOCKS AND  WE HAVE TO REMEMBER IS CORN IS DOWN ABOUT 20 MILLION METRIC  TON FROM LAST YEAR. IT DOESN'T FEEL LIKE IT HERE IN THE MIDWEST OR ON  MY FARM THERE'S CORN EVERYWHERE BUT YOU KNOW WORLDWIDE CORN  IS DOWN SUPPLY WISE SO THAT LEADS ME TO BE A LITTLE BIT MORE  FRIENDLY IN THE FUTURE.  ALL RIGHT WE'LL TAKE FROM THEM THE FUTURE. ALL RIGHT WE'LL BE BACK  WITH AGDAY IN JUST A MOMENT.  AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.   MORE WEED CONTROL.  LESS DRIFT AND VOLATILITY.  MAXIMUM YIELD  POTENTIAL. 

WEATHER
WELCOME BACK. TIME NOW TO CHECK WEATHER WITH METEOROLOGIST  MIKE HOFFMAN. MIKE YOU KNOW I HAVE A THREE AND A 2 YEAR OLD AT  HOME AND THE 3 YEAR OLD IS CONVINCED ELSA HAS COME THAT SHE IS  HERE TO STAY WITH ALL THIS. WILL IT STICK AROUND FOR CHRISTMAS.  THAT'S THE BIG QUESTION IN A LOT OF THESE AREAS DOWN SOUTH THE  ANSWER IS NO. BUT FARTHER NORTH YOU DO HAVE A CHANCE. THERE IS  THE MAP THIS MORNING AND OBVIOUSLY THE BIG FEATURE ON THE MAP  THIS MORNING IS THE LOW PRESSURE SYSTEM IN THE EASTERN GREAT  LAKES LOTS OF SNOW WITH THIS BUT ALSO A WHOLE BUNCH OF LAKE  EFFECT BEHIND IT EAST OF LAKE MICHIGAN DOWN WIND FROM LAKE  SUPERIOR AND OF COURSE THAT WILL CONTINUE FARTHER EAST INTO THE  GREAT LAKES. AND ONCE AGAIN SNOW DOWN INTO PARTS OF THE SOUTH  ANYWAY EASTERN TENNESSEE SEEING A LITTLE BIT OF THE WHITE STUFF  THE DRY CONDITIONS GO BACK TO THE WEST. HIGH PRESSURE OVER THE  WEST IS HOLDING ITS GROUND KEEPING EVERYTHING PRETTY MUCH  OFFSHORE YOU MIGHT SEE A FEW CLOUDS AND MAYBE A SHOWER TO  COMING IN TO THE FAR PACIFIC NORTHWEST WITH A WEAK LITTLE SYSTEM  THAT I DIDN'T EVEN SHOW ON THE MAP THERE BECAUSE IT'S REALLY NOT  GOING TO AMOUNT TO TOO MUCH BY LATER TODAY. SEE THE LOW  PRESSURE SYSTEM IN THE NORTHERN NEW YORK STATE LAKE EFFECT  SNOW BEHIND IT SOME SNOW OUT AHEAD OF IT. MOST OF THE RAIN HAS  GONE COLD FRONT INTO SOUTH CENTRAL FLORIDA AND THEN AS WE HEAD  THROUGH TONIGHT AND INTO TOMORROW MORNING. ANOTHER QUICK LITTLE  MOVING SYSTEM MOVING INTO THE UPPER MIDWEST WITH SOME SNOW  AND A MIXED BAG OF PRECIPITATION JUST BEHIND IT IN PARTS OF  MINNESOTA. SO ONCE AGAIN WE JUST CONTINUE TO SEE THESE  SYSTEMS DIVING SOUTHWARD AND THEN MOVING EAST AND SPREADS  MORE SNOW BY LATER IN THE DAY TOMORROW ALL THE WAY ACROSS MUCH  OF THE SOUTHERN PORTIONS OF THE GREAT LAKES AND SOME LAKE  EFFECT SNOW DEVELOPING BEHIND IT KIND OF THE SAME. SAME IDEA  ONE AFTER THE OTHER HERE PRECIPITATION ESTIMATE OVER THE PAST 24  HOURS YOU CAN SEE MOST OF IT HAS BEEN AROUND THE GREAT LAKES  AND MOST OF IT OVER THE NEXT 36 WILL BE IN THE GREAT LAKES AND  ALSO INTO THE NORTHEASTERN PART OF THE COUNTRY WITH THAT WEAK  SYSTEM DIVING INTO THE FAR NORTH EASTERN PLAINS. SNOWFALL  ESTIMATES PRETTY MUCH ALL AROUND THE GREAT LAKES AS WELL PAST  24 HOURS ADDING IN THE NEXT 36 BESIDES THE LAKE EFFECT WE'RE  GOING TO SEE A LITTLE BIT. DOWN INTO WEST VIRGINIA AND FAR SOUTHERN  PORTIONS OF THE APPALACHIANS BUT MOST OF THE HEAVY STUFF BESIDES  SOME SPOTS DOWNWIND FROM THE LAKES IS GOING TO BE INTO THE FAR  NORTHEAST AND EASTERN CANADA. TEMPERATURES THIS MORNING OR  THIS AFTERNOON I SHOULD SAY A VERY COLD LOOK AT THE SINGLE DIGIT  HIGHS IN SIOUX ST. MARIE. THEY'RE LOW TEMPERATURES TONIGHT.  WE'RE TALKING BELOW ZERO IN THAT AREA. TEENS ALL THE WAY DOWN  INTO THE OHIO RIVER VALLEY AND BY THE AFTERNOON TOMORROW YOU  CAN SEE THE WARMTH TRIES TO COME BACK INTO THE SOUTHERN PLAINS.  NOW HERE'S THE JET STREAM WE KEEP THE TROUGH IN THE EAST. BUT AS  WE HEAD INTO NEXT WEEK WE ARE GOING TO SEE IT WEAKEN A LITTLE BIT.  IT'S GOING TO BE A LITTLE BIT OF A TROUGH A LITTLE BIT LESS OF A RIDGE OUT  WEST. WE'LL SEE HOW THIS EVOLVES AFTER THAT. THAT'S A LOOK ACROSS  THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST  OF ALL SPOKANE WASHINGTON TODAY MOSTLY CLOUDY FREEZING FOG  POSSIBLE THIS MORNING HIGH OF 32 ABILENE TEXAS. LOTS OF  SUNSHINE AND COOLER HIGH OF JUST 58 IN SOUTH BEND INDIANA.  WINDY AND COLD WITH TIMES OF HEAVY SNOW HIGHER AROUND 25. 0

TEASE
NEXT THE FARM JOURNAL MILK TEAM JOINS US WITH AN  IMPORTANT DEADLINE FOR MILK PRODUCERS. AND 'STRIKE-UP THE BAND' WITH EVERYBODY'S  FAVORITE MUSIC - THE ACCORDIAN! MEET THREE GENERATIONS OF MUSICIANS SQUEEZING- OUT A LOT OF RHYTHM AND JOY. AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER  SOLUTION FOR SUPERIOR WEED CONTROL AND A STRONGER YIELD.

DAIRY REPORT
THE DAIRY REPORT ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40  YEARS, QLF HAS BEEN PROUD TO SUPPORT AMERICAN FARMERS THAT  FEED THE WORLD.  IN NEWS FROM THE FARM JOURNAL MILK TEAM - FOR  THOSE DAIRY FARMERS WISHING TO PARTICIPATE IN  THE 2018 DAIRY MARGIN PROTECTION PROGRAM,  DEADLINE FOR ENROLLMENT IS THIS FRIDAY. . THIS YEAR, DAIRY FARMERS HAVE THE OPTION OF  OPTING OUT OF THE M-P-P AND SIGNING UP FOR  LIVESTOCK GROSS MARGIN-DAIRY INSURANCE. OR YOU  DON'T HAVE TO SIGN-UP FOR EITHER. . UNLIKE PRIOR YEARS, ENROLLMENT IN MPP IS NOT AUTOMATIC EVEN IF FARMERS HAD PREVIOUSLY  PARTICIPATED. . USDA ALSO RELEASED ITS OCTOBER MPP MILK-FEED  CALCULATION. IT''S TEN DOLLARS PER  HUNDREDWEIGHT. . THE OCTOBER ALL-MILK PRICE CAME IN AT $17.90. NEW ZEALEND COULD SEE A TEMPERED MILK SUPPLY.  THAT'S AS DRY WEATHER IS SLOWING GRASS GROWTH  FOR THE WORLD'S LARGEST DAIRY EXPORTER,  A KEY  COMPONENT IN FEEDING THE NATION'S MILK SUPPLY.  WHILE IT'S UKNOWN THE EXTENT OF POSSIBLE DAMAGE,  ECONOMISTS SAY IT COULD CREATE A TIGHETER-THAN  EXPECTED MILK SUPPLY, WHILE CREATING MORE  DEMAND FOR U-S DAIRY EXPORTS. 

TEASE
UP NEXT - MEET A FAMILY THAT'S KEEPING GERMAN  FOLK MUSIC ALIVE AND WELL FOR THREE  GENERATIONS! IN THE COUNTRY IS NEXT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.   LEARN MORE ABOUT KUBOTA SSV SERIES SKID STEERS  AT KUBOTA.COM. OR DEMO ONE AT YOUR LOCAL KUBOTA DEALER TODAY. PERHAPS YOU JUST WATCHED THE CHRISTMAS MOVIE  "HOME ALONE". I JUST LOVE THAT SCENE WHERE JOHN  CANDY INTRODUCES HIMSELF AS THE "POLKA KING OF  THE MIDWEST". . WHILE HE MAYBE THE MAKE-BELIEVE KING OF POLKA,  WE FOUND A FAMILY IN NORTH DAKOTA THAT YOU  COULD ARGUE IS THE KING, QUEEN, PRINCE AND  PRINCESSES OF POLKA. . CLIFF NAYLOR HAS MORE ON THE GERMAN FOLK MUSIC  AND THE THREE GENERATIONS OF THE EMTER FAMILY -  WHO LOVE IT SO. (   THE EMTER FAMILY PROVIDES A 21-ACCORDION SALUTE TO THE POLKA. ROGER EMTER, EMTER BAND:  "THE OLD-TIME MUSIC, THE POLKA IS  VERY JOLLY MUSIC, IT'S JOYOUS MUSIC." ROGER EMTER IS THE MAESTRO OF NORTH DAKOTA'S LARGEST FAMILY  BAND. HE AND HIS WIFE, FOUR CHILDREN, THEIR SPOUSES, AND FOURTEEN  GRANDCHILDREN PLAY FIFTEEN DIFFERENT INSTRUMENTS, FILLING ANY STAGE  WITH HARMONY. RENAE EMTER:  "THE YOUNGER GENERATION, THEY LOVE TO PERFORM  JUST AS MUCH AS THE OLDER ONES DO.  THERE IS JUST SOMETHING  ABOUT BEING ABLE TO SHARE YOUR TALENT WITH SOMEONE ELSE THAT'S  PRETTY WONDERFUL." THE ORIGINAL EMTER BAND BEGAN MAKING MUSIC IN 1990. ROGER EMTER:  "WE PLAYED AT A RESTAURANT AND THEY GAVE US A  FREE DINNER AND I SAID, "WOW, WE CAN DO THIS EVERYDAY." THE FAMILY TOOK THEIR FOLK MUSIC SHOW ON THE ROAD IN 1996.  ALIDA WIEST:  "IT ALLOWED US OPPORTUNITIES THAT WE WOULD NEVER  HAVE HAD OTHERWISE." ALIDA WIEST AND HER SIBLINGS PLAYED IN 25 STATES.  WHEN THE KIDS  WEREN'T ON STAGE, THEY WERE BEING HOMESCHOOLED.  THEN  MARRIAGES, CAREERS, AND GRANDKIDS BROKE UP THE BAND. ALIDA WIEST, EMTER BAND:  ONE, TWO THREE...POLKA MUSIC.... NOW A NEW GENERATION OF MUSICIANS ARE TAKING THEIR PLACE ON  STAGE, AND THE EMTER FAMILY BAND IS BACK TOGETHER, BIGGER AND  BETTER THAN EVER.  KATIE EMTER, EMTER BAND:  "WITH MORE PEOPLE, IT'S EASIER TO  BLEND IN YOUR MISTAKES." KATIE EMTER IS TWELVE.  SHE PLAYS THE ACCORDION, CLARINET, DRUMS,  PIANO AND TRUMPET AND FINDS TIME TO PRACTICE EVERY DAY WITH HER  AUNTS, UNCLES, COUSINS AND GRANDPARENTS. ALIDA WIEST:  "IT'S WONDERFUL TO BE PLAYING MUSIC TOGETHER AGAIN,  THE GREATEST JOY COMES IN SHARING IT." POLKA LOVERS ARE CHIMING WITH APPROVAL AND APPRECIATION  BECAUSE THE EMTERS ARE PROVIDING AN ENCORE FOR THE TUNES THEY  LOVE TO TAP THEIR TOES TO.  I'M CLIFF NAYLOR REPORTING FOR AGDAY.  ) HOW FUN IS THAT!

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE  GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY, I'M TYNE MORGAN. CLINTON  IS BACK TOMORROW WITH A SPECIAL EDITION FROM  FARM JOURNAL'S AG-TECH EXPO! HAVE A GREAT DAY. 

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