AgDay Daily Recap -December 18, 2017

December 18, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 18, 2017


HEADLINES
COULD A TAX PLAN BE HEADED FOR THE PRESIDENT'S DESK. PLUS, NEW RESEARCH INTO THE DANGERS OF MOVING FARM EQUIPMENT. IN AGRIBUSINESS...LOOKING AT THE WEEK AHEAD. MACHINERY PETE TALKS ABOUT EYE-POPPING PRICES FOR A CLASSIC MACHINE  IN IOWA. AND TEACHING THE NEXT GENERATION OF RESEARCHERS ABOUT THE FUTURE  FOR AGRICULTURE. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

TAX BILL
GOOD MORNING I'M CLINTON GRIFFITHS. THE GOP TAX BILL IS NOW HEADED FOR LIKELY FLOOR VOTES EARLY THIS WEEK  AND SOME IN AGRICULTURE SAY THE BILL LOOKS GOOD FOR THE INDUSTRY.  THE FINAL TEXT OF THE BILL IS DUE OUT BUT TAX EXPERTS AT THE AMERICAN  FARM BUREAU SAY IT LOOKS GOOD FOR PRODUCERS—STARTING WITH AN  ACROSS-THE-BOARD CUT IN INDIVIDUAL RATES, AND RELIEF FOR 'PASS- THROUGH' SMALL BUSINESSES, WHICH MOST FARMS ARE. THE SENATE-PASSED BILL CALLED FOR 23-PERCENT.  THE HOUSE USED A DIFFERENT FORMULA.  ALSO IN THE FINAL BILL, BONUS DEPRECIATION USED FOR NEW EQUIPMENT,  ONLY. FINAL DETAILS FOR SECTION 179 EXPENSING FOR NEW AND USED EQUIPMENT  WERE LESS CLEAR, AS WAS A FINAL DEAL ON ESTATE TAX RELIEF.

YELLEN ON FED HIKE
MEANWHILE OUTGOING FEDERAL RESERVE CHAIR JANET YELLEN SAYS SHE  EXPECTS A "MODEST LIFT" TO ECONOMIC GROWTH FROM THE TAX CUTS. BUT SHE WARNS THERE IS STILL "CONSIDERABLE UNCERTAINTY". "THE TYPE OF TAX CHANGES THAT ARE LIKELY TO BE ENACTED WOULD TEND TO PROVIDE SOME MODEST  LIFT TO GDP GROWTH IN THE COMING YEARS. AND YOU SEE THAT IN PART THAT'S ONE OF THE REASONS I  THINK FOR THE UPTICK YOU SEE IN ESTIMATED GROWTH AND DECLINE IN THE UNEMPLOYMENT RATE." > YELLEN SAYS THE POTENTIAL FOR GREATER CONSUMER SPENDING AND CAPITAL  INVESTMENTS FROM TAX CUTS HAS BEEN REFLECTED IN PART BY RISING STOCK  PRICES. THE APPOINTED U.S. SENATOR TO TAKE THE PLACE OF DEMOCRAT AL FRANKEN  OF MINNESOTA WILL "FIERCELY DEFEND ETHANOL."  THE WASHINGTON EXAMINER REPORTING DEMOCRAT TINA SMITH ADDS ANOTHER  BIG VOICE OF SUPPORT FOR CORN ETHANOL IN CONGRESS. 

NORTHEY NOMINATION
MEANWHILE THE NOMINATION OF BILL NORTHEY TO A TOP DEPARTMENT OF  AGRICULTURE POST REMAINS ON HOLD FOLLOWING A WHITE HOUSE MEETING  ON THE RENEWABLE FUELS STANDARD. THE MEETING, REQUESTED BY TEXAS  REPUBLICAN SENATOR TED CRUZ, OFFERED NO MAJOR BREAKTHROUGHS.  CRUZ TELLING POLITICO HE IS STILL HOLDING UP THE VOTE TO CONFIRM  NORTHEY, BUT TOUTED "PROGRESS TOWARDS A PRODUCTIVE SOLUTION" THAT  HE SAYS WOULD BALANCE THE NEEDS OF ETHANOL AND OIL REFINERS. 

DRUNK DRIVING AND FARMERS
A NEW STUDY REVEALS HOW DRUNK DRIVING POSES ADDITIONAL DANGER TO  FARMERS AS THEY MOVE FARM EQUIPMENT DOWN ROADS AND STATE HIGHWAYS. RESEARCHERS LOOKED AT FARM EQUIPMENT ACCIDENTS IN FOUR STATES - IOWA, MISSOURI, NORTH DAKOTA AND SOUTH DAKOTA. THE FIVE YEAR STUDY LOOKED AT MORE THAN 60 ALCOHOL-RELATED CRASHES  IN THOSE STATES. AND IN MOST CASES IT WAS PASSENGER VEHICLES WITH  IMPAIRED DRIVERS AT FAULT. THE LEAD INVESTIGATOR SAYS THE IMPAIRED DRIVERS ARE SLOWER TO  RECOGNIZE AND REACT TO FARM EQUIPMENT,AND MORE LIKELY TO MISJUDGE  THE DIFFERENCES IN SPEED OF THE EQUIPMENT. THE STUDY SHOWS THE OVERALL PROPORTION OF ALCOHOL-IMPAIRMENT IN  FARM EQUIPMENT-RELATED CRASHES IS LOW. BUT WHEN THEY DO, THEY OFTEN  END IN DEATH. THE RESEARCH WAS CONDUCTED BY THE GREAT PLAINS CENTER FOR  AGRICULTURAL HEALTH AT THE UNIVERSITY OF IOWA AND UNIVERSITY OF  MINNESOTA.

DICAMBA DEATH CONVICTION
A JURY HAS CONVICTED A MAN OF SECOND-DEGREE MURDER IN THE DEATH OF A FARMER IN A FIGHT OVER DICAMBA DRIFT. ALLEN JONES OF DUNKLIN COUNTY, MISSOURI WAS FOUND GUILTY THURSDAY OF  THE SHOOTING DEATH OF MIKE WALLACE OF LEACHVILLE, ARKANSAS . THE TRIAL WAS HELD IN ARKANSAS .  IN OCTOBER 2016 WALLACE SAID JONES' USE OF DICAMBA HAD DAMAGED SOME  OF WALLACE'S CROPS ALONG THE MISSOURI-ARKANSAS BORDER. THE TWO MET  AND AN ARGUMENT BROKE OUT. POLICE SAY JONES PULLED A GUN BECAUSE HE  FELT THREATENED AND SHOT WALLACE. JONES FACES 24 YEARS IN PRISON.

INTERNATIONAL RESIDUE STANDARDS FOR FOOD
THE HEAD OF USDA SAYS HE'S ENCOURAGED FOLLOWING A MAJOR  ANNOUNCEMENT REGARDING THE USE OF PESTICIDES AND NEW POTENTIAL  RESIDUE RULES BY MEMBERS OF THE WORLD TRADE ORGANIZATION.  AG SECRETARY SONNY PERDUE SAYS HE'S PLEASED 17 OTHER WTO COUNTRIES  ARE JOINING TOGETHER TO SET  INTERNATIONAL RESIDUE STANDARDS FOR  FOOD. HE SAYS IT WILL ENABLE THE SAFE USE OF PESTICIDES AND DEVELOPING  MEASURES GROUNDED IN SCIENCE HELPS PROTECT HUMAN AND  ENVIRONMENTAL HEALTH, FACILITATE TRADE AND ENABLES PRODUCERS TO FEED  A GROWING GLOBAL POPULATION.  FARMERS COULD START FEELING THE IMPACT OF CHINA'S DESIRE FOR CLEANER  AIR. OFFICIALS RECENTLY FORCING SEVERAL NATURAL GAS-POWERED FERTILIZER  PLANTS TO SHUT DOWN TO CONSERVE THE FUEL FOR HOME-HEATING IN THE  NORTH, WHERE DEMAND IS OUTPACING SUPPLY.  THAT'S BOOSTING PRICES OF NITROGEN-RICH UREA, WHICH IS SPREAD ON  FIELDS TO BOOST SOIL PRODUCTIVITY. NATURAL-GAS USE HAS INCREASED  AFTER THE CHINESE GOVERNMENT IMPLEMENTED POLLUTION RESTRICTIONS ON  COAL-FIRED PLANTS.

CROP COMMENTS
LET'S CHECK IN NOW WITH MIKE HOFFMAN WITH TODAY'S CROP COMMENTS,  MIKE. GOOD MORNING, CLINTON.  HERE'S SOMETHING YOU DON'T SEE EVERYDAY - A SNOWLESS SOUTH DAKOTA IN  DECEMBER.  RANDY HILLS FROM SUMMIT, SOUTH DAKOTA SENDING US THIS PICTURE LATE  LAST WEEK. RANDY SAYS HE'S ENJOYING A WALK WITH HIS TRUSTY HUNTING  DOG SINCE MOTHER NATURE HAS SPOILED THE AREA WITH NO SNOW. HE HOPES  THE WEATHER WILL STAY THIS WAY A LITTLE LONGER.  AND TAKING A LOOK AT THE ESTIMATED RAIN FROM LAST WEEK YOU CAN SEE  PART OF THE REASON THERE'S NO SNOW IN THE DAKOTAS THERE HASN'T REALLY  BEEN A WHOLE LOT OF MOISTURE OVER THE LAST WEEK OR TWO FOR THAT  MATTER WE'LL TALK ABOUT YOUR FORECAST COMING UP FIRST HERE ARE SOME  HOMETOWN TEMPS.  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
WE'LL GET A FRESH LOOK AT MARKETS AS WE BEGIN THE WEEK BEFORE OF  CHRISTMAS.PLUS MACHINERY PETE IS HERE. PLUS GETTING NON-FARM KIDS INTERESTED IN THE IDEA OAGRICULTURAL  RESEARCH FOR A CAREER PATH. AGDAY - BROUGHT TO YOU BY PROSARO FUNGICIDE FROM BAYER.  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.

FLOOR OF THE CME
IN AGRIBUSINESS...CORN TOUCHING FRESH CONTRACT LOWS TO END LAST  WEEK. LETS SEE HOW MARKETS CLOSED FRIDAY FROM THE FLOOR OF THE CME  IN CHICAGO. CATTLE WAS STRONG. THEY HAD A HIGHER CUT OUT PRICES IN THE MIDDLE OF DAY THAT GAVE THE  MARKET A LITTLE BIT OF A BOOST. THERE WAS SOME SALES AS WE GET LATER TOWARDS THE DAY THAT ALSO  GAVE IT A LITTLE BIT MORE OF A SHOT IN THE ARM. FEATURES WERE ALSO HIGHER THE FUTURES WERE  REALLY LIKE STEPPING UP. BUT THE FUTURES REMAIN AND THEY'RE CONSOLIDATED OF CHANNEL 4 FEARS  AND SO WE'RE ALWAYS WATCHING ABOUT AS FEEDERS GOING TO GIVE US THE TELL OF WHICH WAY THE  MARKET'S GOING TO GO. OR AS THE LIVE CATTLE GOING TO LEAD THE WAY. THEY BOTH WERE VERY STRONG  TODAY AT THE END OF THE WEEK SEEING THAT WE HAD SUCH A DISAPPOINTING WEEK LAST WEEK AND  THE MARKET STARTED OFF EARLY IN THIS WEEK REALLY ON ITS LOWS AND STARTING TO WORK ITS WAY UP. SO  IT LOOKS LIKE WE'RE REALLY OFF THE BOTTOM FOR THE TIME BEING IN THIS IN THE BEEF MARKET TODAY  BEANS WE'RE CONSOLIDATING THE NON-COMMERCIAL BUYING REALLY STOPPED THE SLIDE. WE HAD A BIG  DROP YESTERDAY AND OVERALL SINCE THE REPORT THE IS DOWN ALMOST 40 CENTS ON THE JANUARY  CONTRACT THE MARKET DID DROP BELOW THAT 200 DAY MOVING AVERAGE. AND SOMETIMES THAT WILL  BRING IN A NEW WAVE OF SELLING. THAT'S ALL FROM THE FLOOR OF THE CME GROUP HERE IN CHICAGO.  I'M VIRGINIA MCGATHEY. 

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK. WE HAVE ELAINE KUB AUTHOR OF MASTERING THE GRAINS  WELCOME AND JOHN PAYNE FROM DANIEL'S AG MARKETING. LET'S TALK ABOUT THIS WEEK AHEAD.  WHAT ARE YOU WATCHING AS WE GO INTO A NEW WEEK. I THINK YOU SAID THAT YOU'RE WATCHING TAX  REFORM. YEAH ABSOLUTELY. IN THIS PAST WEEK THOSE WERE THE TWO BIG NEWS ITEMS AS THE INTEREST  RATES CHANGE AND THE TAX REFORM DEAL. AND THEY'RE SORT OF RELATED AS MUCH AS THE FEDERAL  RESERVE PROTEST THAT IT DOESN'T REALLY CARE ABOUT TAX POLICY. IT DOES BECAUSE WHEN YOU ADD A  TRILLION DOLLARS TO THE NATIONAL DEFICIT THAT IS BY ITSELF AN INFLATIONARY PRESSURE. SO IN THAT DEAL I  CAN SEE THAT THE MARKETS ARE PRESENTLY INTERPRETING THAT TAX REFORM POSITIVELY AND WE'RE  SEEING THESE RECORD HIGHS IN THE STOCK MARKET ALL THE TIME AND THAT IS ADDING MONEY TO THE TRADING SYSTEM. ABSOLUTELY. BUT AS YOU ADD MONEY THAT BY ITSELF BECOMES INFLATIONARY AND WE NEED TO BE WATCHFUL IN THE NEXT YEAR AHEAD THAT THE FED DOESN'T JUST RAISE INTEREST RATES  GRADUALLY LIKE IT SAID BUT MAY IN FACT FEEL PRESSURED TO DIAL BACK THAT INFLATIONARY PRESSURE. IF  THE MARKETS DEVELOP THAT WAY. OK. INTERESTING JOHN AS YOU WATCH THE WEEK AHEAD. COTTON  LAST WEEK WAS A BIG RUN. A BIG MARKET LAST WEEK. WHAT ARE YOU WATCHING. WELL THAT WILL BE THE  BIG ONE I MEAN THE HIGH GRAIN MARKETS ARE PRETTY PRETTY QUIET SO COTTON THERE ARE FIREWORKS  WE ARE MASSIVE CLOSE ON FRIDAY. I THINK THERE MAY BE MORE AHEAD. WE'RE NOT IN AN INVERSION  YET. THAT WILL BE A GOOD KEY TO SEE IF THE TOPIC BE AND MAYBE THAT MARCH CONTRACTS OVER JULY  CURLEE IT IS NOT. AND THE SECOND THING I'M GOING TO WATCH AND I HATE TO SAY IT BUT I'M A FUTURES  BROKER IN CHICAGO AND REALLY LAUNCH BITCOIN CONTRACTS ON SUNDAY. SO I THINK THERE'S A  POSSIBILITY FOR SOME FIREWORKS THERE MIGHT BE A GOOD KEY TO WATCH THAT MARKET AS FAR AS  MONEY FLOW GOES WE'RE STARTING TO SEE AS SHE MENTIONED SOME INFLATIONARY THINGS HAPPEN.  COTTON BEING ONE OF THOSE THINGS THAT'S SOMETHING THAT THE FUNDAMENTAL GUYS THAT WATCH THIS  STUFF YOU CAN'T QUANTIFY THAT. AND GRAINS COULD SIMPLY JUST RALLY ON KIND OF A RISING TIDE IN THE  ECONOMY. REAL QUICK ON GRAINS ANYTHING THERE THAT YOU SEE OUT ON THE HORIZON. NO I THINK  THIS IS THE TIME OF THE YEAR WHEN WE NEED TO BE WATCHFUL FOR THE FUNDS LIQUIDATING IT THROUGH  THE END OF THE YEAR. THEY HAVE BEEN NET LONG SO THE NET RESULT OF THAT SORT OF TRADE AT THIS  TIME OF YEAR WOULD BE NEGATIVE TO GRAIN PRICES. YOU KNOW WHAT ABOUT THE SAME DEAL. I LIKE  WHEAT. I THINK WE CAN HEAR SOME 450 ON THE KANSAS CITY GIVEN HOW DRY IT IS IN KANSAS  OPERATES BECAUSE OF SOME VALUE. LONGER TERM I THINK GETTING YOURSELF SET UP FOR PLAY NEXT  YEAR. THIS IS A GOOD TIME TO SIT DOWN TO KIND OF IDENTIFY SOME TARGETS AND GET THOSE IN. DON'T  DON'T MAKE YOUR DECISION WHEN THE MARKET MOVES HAVE THEM SET AHEAD. ALL RIGHT THANK YOU  BOTH FOR HELPING US GET PREPARED FOR THIS WEEK. WE APPRECIATE IT WE'LL BE BACK WITH MORE  AGDAY IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN HERE LOOKING AT RAINFALL OVER  THE PAST WEEK. NOT A LOT ON THIS MAP. BUT YOU SAY THAT COULD CHANGE JUST IN TIME FOR TRAVEL  THIS CHRISTMAS. YEAH THE WEATHER PATTERN LOOKS LIKE IT SUDDENLY TURNS COLDER AND KIND OF  INTERESTING I WOULD SAY AS WE HEAD TOWARD CHRISTMAS WEEK SO KEEP THAT IN MIND WITH ANY OF  YOUR TRAVEL PLANS. AS YOU CAN SEE OVER THE LAST WEEK THOUGH WE'VE SEEN VERY LITTLE MOISTURE  ANYWHERE ACROSS THE COUNTRY WE'VE SEEN SOME LAKE EFFECT SNOWS IN THE GREAT LAKES WE'VE  SEEN SOME SNOW AND RAIN UP THE EASTERN SEABOARD A LITTLE BIT OF RAIN SHOWER ACTIVITY IN  FLORIDA PARTS OF THE SOUTHEAST AND FAR SOUTH TEXAS BUT THE REST OF THE COUNTRY MAINLY DRY. AND  YOU CAN SEE THE ONLY REAL HEAVY AREA THAT I COULD ZOOM INTO THERE IS KIND OF THE MID-ATLANTIC  BETWEEN WASHINGTON AND NORFOLK AND BACK TO JUST NORTH OF RALEIGH. SO THAT WAS ABOUT IT AS  THE STORM SYSTEM KIND OF MOVED OFF TO THE NORTHEAST IN THAT AREA. ALL RIGHT LET'S TAKE A LOOK AT  THINGS AND YOU CAN SEE HOW THINGS HAVE BECOME A LITTLE MORE TRANQUIL. WE'RE NOT SEEING THAT  BIG TROUGH IN THE EAST SO THAT'S WHY IT'S WARMED UP A LITTLE BIT. AND AS WE START THIS WEEK THAT'S  GOING TO BE THE CASE THERE WILL BE A QUICK SHOT INTO THE GREAT LAKES IN THE NORTHEAST FOR A  DAY OR TWO IN THE MIDDLE OF THE WEEK AND THEN THE REDS TRIES TO BUILD BACK UP AGAIN AS WE  HEAD INTO THURSDAY AND FRIDAY BUT HERE'S WHERE A VERY COLD AIR STARTS TO COME IN JUST BEFORE  CHRISTMAS A DIRECT SHOT OF ARCTIC AIR INTO THE NORTHERN ROCKIES NORTHERN PLAINS. IT LOOKS LIKE  AND THIS CUTOFF ALWAYS MAKES ME NERVOUS. MODELS HAVE A TOUGH TIME WITH A CUT OFF LOW LIKE  THAT BUT THAT COULD OBVIOUSLY RIGHT ON UP TO THE NORTHEAST SOMEWHERE CREATING HAVOC WITH  SOME SNOW AS WE HEAD INTO CHRISTMAS. IT'S NOT SHOWING IT YET. AS YOU CAN SEE ON THE MODEL  IT'S CUTTING IT OFF COMPLETELY BUT THAT WIND STILL MAKES ME NERVOUS. NO DOUBT THIS IS VERY COLD  AIR THOUGH FOR THE GREAT LAKES IN THE NORTHEAST AND THAT WILL COME ON DOWN INTO AREAS OF THE  OHIO VALLEY IN THE NORTHERN AND CENTRAL PLAINS AS WELL BY CHRISTMAS DAY. THERE IS THE  TEMPERATURES AND FOR THIS WEEKEND GOING BELOW NORMAL FOR THE NORTHERN TIER OF STATES  BASICALLY FAR NORTHERN AREAS OF THE GREAT LAKES THEN YOU'RE TALKING ABOUT THE NORTHERN HALF OF  THE ROCKIES INTO WASHINGTON AND OREGON ABOVE NORMAL TEMPERATURES FROM THE MID-ATLANTIC  THROUGH FLORIDA AND SOUTH THROUGH THE SOUTHERN TIER OF STATES AS FAR AS PRECIPITATION FOR THIS  COMING WEEK ABOVE NORMAL FOR SOUTHEAST TEXAS ON UP INTO THE MID-ATLANTIC STATES. AND IT  LOOKS LIKE ALSO ABOVE NORMAL FOR THE NORTHWESTERN PORTIONS OF THE COUNTRY BELOW NORMAL  THOUGH FROM IOWA SOUTHERN MINNESOTA ALL THE WAY BACK THROUGH THE SOUTHWEST 30 DAY  OUTLOOK FOR TEMPERATURES I STILL BELIEVE THE OVERALL PATTERN WILL BE A TROUGH IN THE EAST SO  BELOW NORMAL EAST OF THE ROCKIES ABOVE NORMAL THEN FOR MUCH OF THE SOUTHWEST AND THE  WEST COAST PRECIPITATION OVER THE NEXT 30 DAYS ABOVE NORMAL FOR THE NORTHERN TIER OF STATES  AND THE EAST COAST AND FROM MISSOURI TOWARD THE SOUTHWEST SHOULD BE BELOW NORMAL. THAT'S  A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS HEADING OF NEW  MEXICO TODAY PARTLY SUNNY BREEZY AND CHILLY HIGH TEMPERATURE OF 43 DEGREES IRONWOOD  MICHIGAN CLOUDY WITH TIMES OF LIGHT SNOW HIGH AROUND 30 AND PANAMA CITY FLORIDA MOSTLY  CLOUDY WITH A COUPLE OF SHOWERS HIGH OF 72.  A WEEK FROM TODAY, NEXT MONDAY--IT'S CHRISTMAS AND PER OUR USUAL WE  WILL BE CELEBRATING CHRISTMAS IN THE COUNTRY WITH A SPECIAL EDITION OF  AGDAY .JOIN TYNE MORGAN AND MYSELF AS WE TRAVEL THE COUNTRYSIDE SHARING  STORIES ABOUT AGRICULTURE'S CONNECTION TO THE HOLIDAY SEASON. FROM COLONIAL DECORATIONS TO CHRISTMAS TREES IN THE WHITE HOUSE AND  A VISIT TO RUDOLF'S COUSINS IN NORTH DAKOTA, ITS A SHOW FOR THE ENTIRE  FAMILY TO ENJOY. JOIN US, CHRISTMAS MORNING FOR CHRISTMAS IN THE  COUNTRY. MACHINERY PETE IS NEXT WITH A VERY RARE TRACTOR THAT GRABBED ALOT OF  ATTENTION AT A RECENT AUCTION. AND LATER, THESE KIDS ARE LEARNING THE IMPORTANCE OF AGRICULTURE AND  SEEING HOW TECHNOLOGY COULD CHANGE THE INDUSTRY IN THE FUTURE. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET. 

MACHINERY PETE
"MACHINERY PETE IS BROUGHT TO YOU BY JOHN DEERE…WHERE CAN YOU FIND THE MOST  COMPREHENSIVE INVENTORY OF JOHN DEERE CERTIFIED PRE-OWNED TRACTORS, COMBINES AND  SPRAYERS?  MACHINE FINDER-DOT-COM … SOMETIMES THE BEST NEW ADDITION TO YOUR FLEET ISN'T  NEW!" AN AUCTION IN IOWA FRIDAY GENERATED A TON OF INTEREST. IT INVOLVED A PARTICULARLY RARE I-H-C TRACTOR.. MACHINERY PETE HAS THE FINAL NUMBERS. WELL FOLKS WE'RE GOING TO CALL 2017 THE YEAR OF THE VINTAGE FOUR WHEEL DRIVE TRACTOR THE CAPPER  CAME LAST FRIDAY ON AN AUCTION OF MORAVIA IOWA WHERE THIS INTERNATIONAL 7588 SOLD. NOW  ONLY A COUPLE MADE THIS WAS SERIAL NUMBER ONE. YOU PROBABLY REMEMBER THE AUCTION IN  AUGUST UP IN MANITOBA WHERE THE FIRST SERIAL NUMBER OF INTERNATIONAL 7788 AND 7388 BOTH  SOLD THE 7788 WENT FOR JUST OVER 140000 DOLLARS US 70 388 WENT FOR JUST OVER 95000 U.S..  NOW FRIDAY ON THE SALE IN IOWA WHEN THE 7588 JUST BEFORE IT SOLD AUCTIONEER DAN SULLIVAN  WITH SULLIVAN AUCTIONEERS GOT ON A CELL PHONE CALL THE GUY BY THE NAME OF JOHN FROM THE  QUAD CITIES. AND JOHN BOUGHT THE 7588 KNEW BACK IN THE DAY HAD TO SIGN A WAIVER FROM  INTERNATIONAL BECAUSE PARTS AVAILABILITY AND THIS WAS EXPERIMENTAL TRACTOR. NOW I WATCHED  ONLINE AND WHEN JOHN WAS TELLING ABOUT THE TRACTOR THE ONLINE BID WENT FROM 68000 TO  100000. AND THEN DAN STARTED SELLING A TRACTOR. HE WOUND UP GOING FOR 151 THOUSAND DOLLARS AND WAS BOUGHT BY THE SAME GENTLEMAN FROM NORTH DAKOTA WHO BOUGHT BOTH THE 7788 AND  THE 7388. NOW THAT IS QUITE A TRIO OF COLLECTIBLE TRACTORS. 

TEASE
UP NEXT, THE FUTURE OF FARMING. FROM TECHNOLOGY TO HELPING KIDS REALIZE THE IMPACT AGRICULTURE HAS  THEIR DAILY LIVES. AGDAY - BROUGHT TO YOU BY CORVUS - THE NUMBER ONE PRE-EMERGENCE CORN HERBICIDE. 

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M5 SERIES - BRINGING NEW  LEVELS OF COMFORT TO HARD WORK.  LEARN MORE AT KUBOTA.COM, OR VISIT  YOUR LOCAL KUBOTA DEALER TODAY.  LAST WEEK FARM JOURNAL HELD IT'S INAUGURAL AGTECH EXPO IN  INDIANAPOLIS. HUNDREDS OF PEOPLE WERE ON HAND TO DISCUSS THE FUTURE OF  TECHNOLOGY AND HOW IT COULD CHANGE THE WAY FARMERS DO THEIR WORK. "POTENTIALLY THERE'S WORK AFOOT TO CHANGE THE WAY THE RADIO'S IN YOUR MOBILE PHONE WORKS SO THEY CAN ACTUALLY GET THE RAW SIGNAL GPS SIGNAL THE SATELLITES ARE SENDING SO THEY CAN GET VERY ACCURATE GPS JUST ON YOUR PHONE. SO IF THAT HAPPENS WHAT DOES IT MEAN WHY IS IT BETTER. I THINK WHAT IT MEANS IS THAT IT REDUCES THE COST OF ALL OF THESE COMPONENTS AND ALLOWS YOU TO BRING THESE THINGS TOGETHER TO PRODUCE A COST EFFECTIVE SOLUTION." THE TECHNOLOGY THAT ED PARSONS OFTEN "PREACHES" ABOUT CAN CREATE  THE BUZZ THAT GETS HIGH SCHOOL STUDENTS INTERESTED IN SCIENCE AND  TECH FOR A CAREER PATH. IN THIS REPORT PROVIDED BY THE TEXAS FARM BUREAU, ED WOLFF SHOWS US  HOW FARMERS ARE TRYING TO REACH URBAN KIDS WITH THE IDEA OF  AGRICULTURALLY-FOCUSED RESEARCH. AGRICULTURE IS A MYSTERY FOR MANY HIGH SCHOOL STUDENTS. ITS DEEP ROOTS IN TEXAS LIE JUST  BEYOND THEIR CLASSROOM. BUT A GROUP OF FARMERS, RANCHERS, SCIENTISTS & TEACHERS ARE TRYING TO  CHANGE THAT. ONE LAB AT A TIME. "IN THE YEAR 2050, WE WILL HAVE 11 BILLION PEOPLE ON THIS PLANET. AND IT'S CRITICALLY IMPORTANT  THAT WE BRING YOUNG PEOPLE UP TO HAVE AN AWARENESS OF THE CRITICAL ROLE THAT AGRICULTURAL  RESEARCH PLAYS IN FEEDING THE WORLD." THE LOCATION…BRASWELL HIGH SCHOOL IN DENTON. THE EVENT…A BORLAUG SCIENCE SCHOLAR DAY.  EDUCATORS FROM THE NOBLE RESEARCH INSTITUTE IN ARDMORE, OKLAHOMA CAME TO TEXAS TO TEACH  OVER 800 STUDENTS ABOUT AGRICULTURE. HOW IT TOUCHES THEIR LIVES AND IMPACTS THE WORLD.  HANDS-ON, SCIENCE-BASED LESSONS HELP AGRICULTURE COME TO LIFE FOR THESE URBAN YOUTH. "I THINK IT'S EDUCATING AND IT'S A FUN WAY TO LEARN. WHO DOESN'T LIKE TO DO LABS? IT REALLY HITS  HOME | I REALLY LIKED IT AND I REALLY ENJOYED IT." ORGANIZERS ARE HOPING STUDENTS NOT ONLY LEARN MORE ABOUT AGRICULTURE BUT ALSO HOW THEY CAN  BE THE FUTURE OF AGRICULTURE. NEW TECHNOLOGIES. CAREER OPPORTUNITIES. A GLOBAL PURPOSE.  AGRICULTURE HAS MUCH TO OFFER. "I WANT STUDENTS TO HAVE THE POSSIBILITY OF THINKING ABOUT NEW DEVELOPING CAREERS THAT WILL  COME IN AGRICULTURE AND REALLY OPEN THEIR MINDS TO, "HEY, THIS MIGHT BE A POSSIBLE AREA OR  SECTOR THAT I WANT TO GROW AS A PROFESSIONAL IN THE FUTURE." ONE WAY THAT THEY ARE TRYING TO INSPIRE IS THROUGH THE LEGACY OF NORMAN BORLAUG. OVER 40  STUDENTS WILL WRITE A SHORT RESEARCH PAPER ON A FOOD SECURITY ISSUE. IN HOPES OF ATTENDING THE  WORLD FOOD PRIZE FOUNDATION'S GLOBAL YOUTH INSTITUTE. "THE TOP PAPERS THAT ARE CHOSEN IN THAT STATE WILL GO ON TO IOWA TO SORT OF TALK ABOUT  CHALLENGES IN AGRICULTURE. |THEY'LL TALK WITH INDUSTRY EXPERTS AND SCIENTISTS AND DEBATE AND  TALK ABOUT THESE CHALLENGES." STUDENTS WHO PARTICIPATE COULD BE CHOSEN AS A BORLAUG YOUTH SCHOLAR. GETTING TO TRAVEL THE  WORLD AND SEE HOW AGRICULTURAL RESEARCH IS HELPING THE HUNGRY. TRANSFORMING THEIR LIVES AND  THE LIVES OF OTHERS. THE DENTON COUNTY FARM BUREAU SPEARHEADED THE TWO-DAY SCIENCE  CAMP. HOPING IT WILL HAVE A LASTING IMPACT ON DENTON COUNTY AND BEYOND. "WE WOULD LIKE TO EXPAND IT TO MORE HIGH SCHOOLS IN THE COUNTY AND SEE MORE STUDENTS COME  THROUGH AND SEE THESE TECHNOLOGIES AND ALL THE SCIENCE | AND ALSO THAT THEY GET SOME  EXPOSURE TO AGRICULTURE SO THEY HAVE A LITTLE BIT BETTER UNDERSTANDING OF FOOD AND FIBER AND  WHERE IT COMES FROM." AGRICULTURE IS FERTILE GROUND, SPROUTING INTEREST AND CAREERS BEYOND THE FARM. THE HOPE IS THIS  BORLAUG SCIENCE SCHOLAR DAY PLANTS A SEED THAT WILL GROW. CULTIVATING THE FUTURE. WITH THE  TEXAS FARM BUREAU, ED WOLFF, DENTON .

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS

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