AgDay Daily Recap -July 20, 2018

July 20, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 20, 2018

HEADLINES

NEW NUMBERS SHOW THE RURAL ECONOMY IS FEELING THE WEIGHT OF  UNCERTAINTY. EQUIPMENT AND GRAIN BIN PRICES ARE ON THE RISE. IN AGRIBUSINESS...CORN PRICE FUNDAMENTALS. DIGGING INTO IRRIGATION...ARE YOU PUTTING ON ENOUGH WATER. AND MAKING FARM SENSE OF HIGH ENERGY COSTS IN RURAL AMERICA. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

RURAL MAINSTREET INDEX
GOOD MORNING I'M CLINTON GRIFFITHS. THE ECONOMIC HEALTH OF RURAL AMERICA IS SHOWING A WEAK PULSE AS  CONCERNS LINGER ABOUT THE IMPACT TRADE TARIFFS ARE HAVING ON THOSE  ECONOMIES. THE MONTHLY CREIGHTON UNIVERSITY RURAL MAINSTREET INDEX DIPPED  LOWER FROM LAST MONTH'S READING. IT SLID FROM 56 IN JUNE TO ABOUT 53  THIS MONTH. A READING OF 50 REPRESENTS GROWTH NEUTRAL. THE R-M-I IS BASED ON A SURVEY OF RURAL BANKERS IN A TEN STATE REGION,  INCLUDING MUCH OF THE CORN BELT AND NORTHERN PLAINS. A SUB-CATEGORY OF THE RMI - THE CONFIDENCE INDEX - SANK TO 43 FROM 49  LAST MONTH. THAT MEASURE REFLECTS EXPECTATIONS FOR THE ECONOMY SIX MONTHS OUT. WHEN ASKED ABOUT THE CURRENT TRADE SKIRMISHES AND TARIFFS, NEARLY 80- PERCENT SAID THOSE ACTIONS HAVE HAD A NEGATIVE IMPACT ON THEIR LOCAL  ECONOMY. "INTERNATIONAL TRADE IS A MAJOR DRIVER IN TEXAS ECONOMY. WE RELY ON TRADE EACH AND EVERY  DAY TO MARKET THE PRODUCTS WE GROW. IN FACT, ABOUT 25 PERCENT OF THE U.S. FARM INCOME IS  DERVIVED FROM SELLING AG PRODUCTS INTERNATIONALLY. 16 WE ARE CONCERNED WITH THE ADMINISTRATION'S DECISION TO PLACE TARIFFS ON OUR T RADING PARTNERS." AT THAT SAME HEARING IN WASHINGTON, MICHELLE ERICKSON-JONES TESTIFIED HOW THE STEEL AND ALUMINUM TARIFFS ARE HITTING HER FARMING OPERATION. SHE'S A CO-OWNER OF GOOSENECK LAND AND CATTLE IN MONTANA.  SHE SAYS THE PRICE OF A GRAIN BIN SHOT-UP 20-PERCENT FROM WHEN SHE FIRST  INQUIRED ABOUT BUYING ADDITIONAL STORAGE. "EARLIER HTIS YEAR WE PRICED A NEW 25,000 BUSHEL GRAIN BIN TO INCREASE OUR GRAIN STORAGE  CAPACITY ON THE FARM. THE PRICE WAS 12 PERCENT HIGHER THAN AN INDETICAL BIN WE HAD BUILT IN  2017, AS WE WEIGHED OUR OPTIONS, THE BID ON BIN #2 EXPIRED AND WE SOUGHT A SECOND BID. IN THAT TIME FRAME THE SECTION 232 TARIFFS HAD BEEN ND OUR SECOND BID WAS 8 PERCENT HIGHER  THAN THE ONE WE'D RECEIVED JUST A FEW WEKS AGO. IT AMOUNTED TO A 20 PERCENT INCREASE TO A  BIN WE HAD BUILT JUST A YEAR BEFORE."

AEM EQUIPMENT PRICE INCREASE
IT'S NOT JUST GRAIN BINS, BUT ALSO THE PRICE OF NEW FARM EQUIPMENT  SHOWING STEEPER PRICETAGS.  DENNIS SLATER OF ASSOCIATION OF EQUIPMENT MANUFACTURERS TELLING  AGDAY FARM EQUIPMENT PRICES ARE ON THE RISE AS THE INDUSTRY FACES A  DOUBLE WHAMMY WITH TARIFFS.  SLATER SAYS IT'S THE PRICE OF BOTH IMPORTED AND AMERICAN-MADE METAL  INCREASING, AS DOMESTIC COMPANIES AREN'T COMPETING WITH CHEAPER  IMPORTS ANY LONGER. THAT'S CAUSING STEEL PRICES TO JUMP AS MUCH AS 30 TO 50 PERCENT. "SOME ARE PASSING IT ON ALREADY AND ANNOUNCEMENTS ARE BEING MADE OUT THERE, WHILE  OTHERS ARE PREPARING THEIR PLANS FOR THE NEXT SIX MONTHS KNOWING THAT THEY MAY HAVE TO DO  THAT," SAID SLATER. "BUT THEY UNDERSTAND THE PRICE SENSITIVITY HERE AND THAT THE FARMERS REALLY  ARE FACING A TIME OF UNCERTAINTY THEMSELVES. SO, THEY KNOW THIS COULD HAVE AN IMPACT ON THEIR SALES."SLATER SAYS AS EQUIPMENT COMPANIES DETERMINE HOW MUCH OF THE PRICE  INCREASE THEY CAN ABSORB VERSUS PASS ALONG TO CUSTOMERS, EQUIPMENT EXPORTS ARE ALSO AT JEOPARDY. HE SAYS 30 PERCENT OF U-S MADE EQUIPMENT IS EXPORTED.   

EU PLANNING RETALIATORY TARIFFS
THE EUROPEAN UNION SAYS IT IS ALREADY PREPARING MEASURES TO RETALIATE  AGAINST THE U-S IF PRESIDENT DONALD TRUMP IMPOSES TARIFFS ON IMPORTED  CARS AND AUTO PARTS. THAT THREAT COMES AS E-U LEADERS PREPARE TO MEET WITH THE PRESIDENT  NEXT WEEK. E-U TRADE COMMISSIONER CECILIA MALMSTROM SAID ON THURSDAY THAT THE  28-NATION BLOC WOULD BE FORCED TO IMPOSE MORE "REBALANCING MEASURES" IF TRUMP ESCALATED TRADE TENSIONS WITH THE AUTO TARIFFS. THEY WOULD COME ON TOP OF TARIFFS THE US PUT ON STEEL AND ALUMINIUM IMPORTS, WHICH THE EU RESPONDED TO WITH DUTIES ON U-S PRODUCTS. " AND LET'S SEE HOW WE CAN WORK TOGETHER TO ADDRESS ONE OF THE MAIN CONCERNS IN THE US IS CERTAIN DEVELOPMENT IN CHINA. WE SHARE THOSE CONCERNS AND WE CONVEYED THEM AT THE LAST  SUMMIT WITH CHINA BUT WE DON'T SHARE THE METHODS THAT THE US ARE ADDRESSING THEM WITH.  SO LET'S SEE HOW WE CAN WORK TOGETHER BILATERALLY BUT ALSO IN DIFFERENT GLOBAL FORUMS.""AS YOU KNOW, I'VE MADE NO BONES ABOUT IT. THEY HAVE MASSIVE TRADE BARRIERS, WHERE OUR  FARMERS CAN'T SELL THERE FOR THE MOST PART. THEY HAVE OTHER BARRIERS ON CARS AND LOTS OF OTHER  THINGS, EVEN MEDICAL EQUIPMENT, WHERE IT'S VERY, VERY DIFFICULT TO SELL INTO THE EUROPEAN UNION, AND THEY'RE GOING TO BE COMING ON JULY 25TH TO NEGOTIATE WITH US. WE SAID IF WE DON'T  NEGOTIATE SOMETHING FAIR, THEN WE HAVE." MALMSTROM AND THE E-U CONTINGENT WILL MEET WITH THE PRESIDENT ON  WEDNESDAY. 

NAFTA 2.0
ON THE TOPIC NAFTA-- MEXICAN AMBASSADOR GERÓNIMO GUTIÉRREZ SAYS  NAFTA 2.0 TALKS CAN BE COMPLETED BY END OF YEAR.  THE AMBASSADOR TO THE U.S. WAS "OPTIMISTIC ABOUT WHAT THEY'VE HEARD" FROM MEXICO'S PRESIDENT-ELECT AND HIS TRANSITION TEAM. GUITIERREZ SAYING "THERE HAVE BEEN TECHNICAL MEETINGS GOING ON. AND  HE THINKS THAT'S POSITIVE,"  REUTERS REPORTING AGAIN TUESDAY THAT PRESIDENT TRUMP IS CONSIDERING  A SEPARATE TRADE DEAL WITH MEXICO FOLLOWED BY A STAND ALONE AGREEMENT  WITH CANADA. THE PORK INDUSTRY SAYS IT'S FOR THE FASTEST, POSSIBLE SOLUTION TO GET  BACK INTO MEXICO WITHOUT TARIFFS AND TRADE DISPUTES.  "WE ARE FOR WHATEVER WORKS TO RESTORE OUR TRADE TO MEXICO AND TO KEEP THAT TRADE. 13 WE'VE  HAD 0 TARIFFS TO MEXICO FOR QUITE SOMETIME, THANKS TO NAFTA. IT'S A HUGE MARKET FOR US. IT'S VERY  IMPORTANT." TO THE NORTH, THE CANADIAN DEPUTY AMBASSADOR TO THE U.S. KIRSTEN HILLMAN SAYS SCRAPPING HER NATION'S DAIRY SUPPLY-MANAGEMENT SYSTEM  — A PROPOSAL THE U.S. MADE IN RECENT TALKS — IS QUOTE "UNACCEPTABLE." HILLMAN, SPEAKING AT A POLITICO CONFERENCE, SAYING THERE ARE "A LOT OF  MISUNDERSTANDINGS" SURROUNDING DAIRY "WHEN IT COMES TO THE CANADA- U.S. TRADING RELATIONSHIP." 

OREGON WILDFIRES
WILDFIRES ARE BURNING OUT WEST INCLUDING THIS BLAZE EAST OF PORTLAND  OREGON. A TRACTOR OPERATOR WAS KILLED FIGHTING THE WILDFIRE AS IT SCORCHED 70 SQUARE MILES IN LITTLE MORE THAN 24 HOURS. AUTHORITIES SAY IT APPEARS THE PERSON WAS USING THE TRACTOR TO CREATE A FIRE BREAK ON A WHEAT FIELD WHICH WAS BURNING OUT OF  CONTROL. DOZENS OF HOMES HAVE BEEN EVACUATED AND OREGON GOVERNOR KATE  BROWN DECLARED A STATE OF EMERGENCY WEDNESDAY,. IT MARKS THE UNOFFICIAL START TO A PACIFIC NORTHWEST FIRE SEASON THAT'S  EXPECTED TO BE WORSE THAN NORMAL. "A COUPLE OF AREAS WE'RE WATCHING FOR POTENTIAL DROUGHT DEVELOPMENT. IT WOULD BE THE PACIFIC NORTHWEST. NOW. LAST YEAR WE HAD A BIG WILDFIRE SEASON IN THE NORTHERN ROCKIES. I SUSPECT  THAT MAY BE A LITTLE FURTHER WEST THIS SUMMER BECAUSE WE'VE HAD OUR DRYNESS MORE CASCADES  AND POINTS WESTWARD AN AREA COUNTRY DON'T NORMALLY THINK ABOUT WILDFIRES BEING A BIG DEAL." OUR FRIEND KEVIN DULING HELPING FRIENDS BATTLE BLAZES THIS WEEK IN OREGON. HE SAYS THIS IS A COMMON SCENE ACROSS THE STATE. MILES AND MILES OF  WHEAT LOST DUE TO WILDFIRES GETTING OUT OF CONTROL. THAT'S IN ADDITION  TO DESTROYING STRUCTURES AND EQUIPMENT IN ITS PATH.  

CROP COMMENTS
OREGON ISN'T THE ONLY STATE DEALING WITH DROUGHT AND DRYNESS. MIKE HOFFMAN HAS MORE FROM THE "SHOW ME" STATE AND TODAY'S CROP COMMENTS. GOOD MORNING CLINTON.  LETS START IN MISSOURI WHERE FOLKS HAVE BEEN HOPING FOR RAIN. JON ROBNETT OF LADDONIA MISSOURI POSTED THESE PHOTOS TO TWITTER. HE SAYS THE FIELD LOOKS GOOD FROM THE ROAD IN EASTERN AUDRAIN  COUNTY. BUT TAKING A CLOSER LOOK, CORN IS STRUGGLING WITH POLLINATION AND HEAT. ROBNETT SAYS THEY HAD A FEW A FEW TENTHS OF RAIN THURSDAY MORNING  AND MORE CHANCES THROUGH THE DAY.  BUT CHANCES ARE CORN WON'T BE IMPROVING. THEY'RE HOPING FOR SOME RAIN FOR THE BEANS. AND TAKING A LOOK AT THE WINDSPEED FORECAST AS STORM SYSTEM SLOWLY MOVING ACROSS THE  UPPER MISSISSIPPI VALLEY CAUSES SOME WINDS. THIS MORNING THERE AND INTO THE GREAT LAKES HEADING THROUGH THE AFTERNOON HOURS THE WINDS ONLY PICK UP IN THAT PART OF THE COUNTRY AS  WELL AS A FEW SPOTS OUT WEST INTO THE DAY TOMORROW WE GO. NOT A WHOLE LOT OF WINDS START  TODAY JUST A LITTLE BREEZY THERE IN ILLINOIS IOWA INTO THE GREAT LAKES AGAIN. AND THAT WILL CONTINUE AS WE HEAD THROUGH THE AFTERNOON WITH MORE WIND COMING INTO THE WESTERN PLAINS.  WE'LL TALK MORE ABOUT YOUR FORECAST COMING UP. BUT FIRST HERE ARE SOME HOMETOWN TEMPS.  

TEASE
WHEN WE COME BACK, THE FUNDAMENTALS ARE POINTING ONE DIRECTION THE  MARKET THE OTHER--WE'LL TALK CORN AND PRICE POTENTIAL AT THE  AGRIBUSINESS DESK. AND LATER DIGGING INTO IRRIGATION. ARE YOU PUTTING ENOUGH WATER DOWN  TO KEEP CROPS GROWING STRONG. AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE  PERSONAL BEST YIELDS.  

FLOOR OF THE CME
IN AGRIBUSINESS GRAINS STAYING POSITIVE THROUGH THE TRADING DAY  THURSDAY. LETS SEE HOW THOSE MARKETS CLOSED FROM THE CME FLOOR IN  CHICAGO. IT IS NICE TO SEE A STRING OF POSITIVE CLOSE IS SOMETHING WE HAVE NOT SEEN FOR A VERY LONG TIME  AND SOME OF THESE MARKETS MORE SPECIFICALLY THE CORN IN THE BEADS. I WANT TO TOUCH FIRST ON  THE CORN MARKET 360 IS A BIG PIVOT POINT FOR US. SOYBEANS HAVE TRIED TO GET A LITTLE BIT OF A  RELIEF RALLY HAVE GOTTEN SOME CONSECUTIVE CLOSES IN THE GREEN WHICH IS NICE TO SEE BUT IT IS GO  TIME. WE NEED TO SEE MORE THAN A RELIEF RALLY HERE RELIEF RALLY. IT LOOKS LIKE IT'S GOING TO GET  SOLD INTO SO WE NEEDED TO GET IT CLOSE BACK ABOVE TECHNICAL RESISTANCE A PIVOT POCKET FOR US  FOR THIS NOVEMBER CONTRACT 850 TO 855 CATTLE HAVE GOTTEN SOME REALLY NICE TRADE THIS WEEK. WE SAW FAT CATTLE CLOSE NEAR LIMIT UP TWICE JUST A LITTLE BIT BETTER THAN WE HAD BEEN EXPECTING  AS FAR AS THE CASH TRADE GOES. NOT A WHOLE LOT DEVELOPING HERE YET. WE DID SEE SOME TRADE  AT 112 ON THE FED CATTLE EXCHANGE YESTERDAY AND A COUPLE PASSED ON AT 111. SO SHIFTING  GEARS RATHER OVER TO THE FEEDER CATTLE. THEY'VE BEEN VERY CONSTRUCTIVE HIGHER HIGHS AND HIGHER LOWS SINCE THE MIDDLE OF MAY. AND I THINK WE CAN CONTINUE THE WORK HIGHER AND TESTS  THOSE FEBRUARY HIGHS OF 156. THIS HAS BEEN OLIVER SLOUP WITH BLUE LINE FUTURES FROM THE  FLOOR OF THE CME.  

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK WE HAVE STEVE GEORGEY ALLENDALE INC..ALRIGHT STEVE LET'S TALK  ABOUT THIS CORN MARKET. I WANT TO SAY IT'S BEEN DYNAMIC IT HAS BEEN WE'VE BEEN GETTING NEW  INFORMATION FROM USDA. WHAT WHAT DOES THAT TELL YOU WHAT DID THE NUMBERS TELL YOU RIGHT NOW WHERE WE'RE HEADED. WELL THE NUMBERS AND WHERE WE'RE HEADED ARE TWO DIFFERENT  THINGS RIGHT. OK. WHEN YOU LOOK AT THE NUMBERS ITSELF AND IF YOU'RE GOING TO LOOK AT IT FROM  MORE OF A FUNDAMENTAL PERSPECTIVE WE ARE SEVERELY UNDERVALUED. OK BUT WE ARE AT THE LEVELS THAT WE'RE AT. WEATHER LOOKS REALLY GOOD. SO THAT UNKNOWN IS STILL OUT THERE BUT IT'S  GETTING WRAPPED UP IN THE EMOTION THE SELLING OF JUST PANIC AND FEAR. RIGHT. AND SO THAT'S  REALLY WHAT IT'S BECOME. BECAUSE IF YOU LOOK AT THE NUMBERS SPECIFICALLY USDA COMES OUT AND TELLS US ONE POINT FIVE FIVE BILLION. CARRY OUT FOR NEWGROUND RIGHT WHICH IS LOW. THAT IS IT IS  IT IS LOW. YOU'VE GOT GLOBAL ENDING STOCKS DECLINING FOR THE LAST FOUR TO FIVE YEARS. NOW YOU'VE  GOT DECLINING ANY STOCKS HERE DOMESTICALLY. WHEN YOU LOOK AT WHERE THAT NUMBER SHOULD BE  PROBABLY CLOSER TO 450 TO 470 BUT NO ONE'S GOING TO SAY THAT. RIGHT. AND SO WHEN YOU WHEN YOU LOOK AT WHERE DO WE WHERE ARE WE AT VERSUS WHAT USDA IS TRYING TO TELL US. THEY'RE  TELLING US THAT WE'RE UNDERVALUED BUT NOTHING'S BEEN CHANGE YET UNTIL WE START TO SEE SOME OF  THIS NEWS OR SOME OF THIS EMOTION THIS MENTALITY THAT WE'RE IN RIGHT NOW WITH ALL THE TARIFFS AND  EVERYTHING ELSE THAT NOW NEEDS TO SHIFT THAT BUYING WILL PROBABLY COME BACK AND VERY QUICKLY WHEN IT HAPPENS. BUT AS OF RIGHT NOW THAT EMOTION IS STILL UNDER STONES SOME TROUBLE. PART OF  THE. YOU MENTIONED THE TARIFFS AND PART OF THAT IS THIS WHOLE DYNAMIC EXPORT PICTURE EXPORTS OF  CORN. HAVEN'T BEEN TOO TERRIBLE RIGHT. NO EXPORTS HAVE BEEN GOOD. THE DEMAND HAS BEEN  GOOD. EVERYTHING ABOUT IT REALLY HAS BEEN GOOD EXCEPT FOR THE EMOTION THAT IS INVOLVED. BUT  THE IDEA IS STILL SINCE USDA DID NOT CHANGE THE YIELD ON THIS PAST REPORT. RIGHT. THE EXPECTATION NOW IS TO CHANGE THE YIELD ON THE NEXT ONE. AND SO YOU GET GOOD TO EXCELLENT  RATINGS WHERE THEY'RE AT THE EXPECTATION TO SEE THIS THIS BIG CROP YET IS STILL LOOMING. AND SO  THAT IS STILL SOMETHING THAT'S PROBABLY COMING AHEAD THAT WE NOW NEED TO PAY ATTENTION TO  WHO'S KIND OF WEIGHING ON THIS MARK. YES. OK. ALL RIGHT. WELL IT IS A IT IS AN INTERESTING SUMMER. WHO KNOWS WHAT THE WEATHER IS GOING TO BE THE NEXT MONTH OR SO. APPRECIATE IT.  THANK YOU FOR THE INSIGHTS THAT WE BACK MORE TODAY JUST A MINUTE.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT A BRAND NEW  DROUGHT MONITOR HERE MIKE AND YOU CAN SEE WHERE MISSOURI PARTS OF KANSAS STILL VERY DRY OF  COURSE OUT OF THE FOUR CORNERS REGION. PARTS OF OKLAHOMA AND TEXAS HAVE IMPROVED. YES THEY HAVE. IT JUST DEPENDS ON WHERE THOSE THUNDERSTORMS HAVE HIT. BUT IT'S TOUGH TO GET OUT  OF A SEVERE EXCEPTIONAL DROUGHT BECAUSE IT IT REALLY KEEPS THINGS FROM DEVELOPING MANY  TIMES AS STORM SYSTEMS COME ACROSS. AND THAT'S BEEN THE CASE IN MISSOURI NORTHEASTERN PORTIONS OF KANSAS WHERE A LOT OF THE RAIN HAS GONE NORTH OF YOU AND SPOTTY STUFF FARTHER  SOUTH. AND WE JUST HAVEN'T ENDED UP WITH A WHOLE LOT. LET'S GO BACK A MONTH AND YOU CAN  SEE IT WASN'T QUITE AS BAD BUT IT WAS GETTING THERE. NORTHERN MISSOURI IS STILL SPOTTY IN THE PANHANDLES OF OKLAHOMA AND TEXAS AND THAT'S STILL THE CASE. WE HAVEN'T SEEN A BIG CHANGE  OVER THE LAST FOUR WEEKS. WE HAVE SEEN IT TURN DRIER IN PARTS OF THE RIO GRANDE ALTHOUGH YOU  ENDED UP WITH A LITTLE BIT OF RAIN OUT OF ONE SYSTEM AS WELL. AND YOU CAN SEE SOME DRY AREAS DEVELOPING IN THE NORTHEAST. EASTERN CAROLINAS AND MICHIGAN AND SOME OF THE SURROUNDING  STATES THOSE ARE PLACES TO WATCH AT THIS POINT. BUT THIS SYSTEM SHOULD GIVE A WHOLE BUNCH OF  RAIN TO MOST OF MICHIGAN OVER THE NEXT FEW DAYS. THIS MORNING WE'RE SEEING RAIN ACROSS WISCONSIN INTO PARTS OF INDIANA AND ILLINOIS. THERE'S IS A SLOW MOVING SYSTEM SO THERE WILL BE  MORE AND MORE SHOWERS AND THUNDERSTORMS DEVELOPING AHEAD OF THE WARM FRONT AND REALLY  CIRCULATING AROUND THIS WHOLE SYSTEM. WE ALSO HAVE THIS SYSTEM THAT WE'VE BEEN SHOWING YOU ALL WEEK LONG ALONG THE GULF COAST IT'S NOW MOVING NORTHEAST AND IT'S GOING TO BE A  DECENT LITTLE RAIN AND WIND MAKER AS IT MOVES UP THE SOUTHEAST SHORELINE YOU CAN SEE IT'S  NEAR CHARLESTON. AS WE HEAD THROUGH LATE TODAY HEADING INTO TOMORROW MORNING THAT'S NEAR THE OUTER BANKS OF NORTH CAROLINA. THE SYSTEM OVER THE SOUTHERN GREAT LAKES NOW KIND OF  DIVING TOWARD THE SOUTHEAST AND AS WE HEAD THROUGH THE AFTERNOON HOURS MORE RAIN BUBBLES  UP AROUND THIS SYSTEM AND OUT AHEAD OF THE COLD FRONT AS WE HEAD THROUGH THE AFTERNOON HOURS THIS WILL BE THE HIT AND MISS TYPICAL VARIETY STUFF YOU SEE IN COLORADO UTAH PARTS OF THE  SOUTHWEST AS WE HEAD THROUGH TOMORROW AFTERNOON. THERE'S A PRECIPITATION ESTIMATE OVER  THE PAST 24 HOURS EXCUSE ME ADDING IN THE NEXT 36 HOURS. YOU CAN SEE HOW WE HAD ONE TWO EVEN THREE INCHES OF RAIN IN PLACES FROM THE UPPER MISSISSIPPI VALLEY INTO THE OHIO VALLEY  WITH THAT ONE SYSTEM IN SOME 3 4 INCH MAYBE 5 INCH AMOUNTS ALONG THE SHORELINE. WITH THAT  NEXT SYSTEM VERY HOT IN TEXAS AND OKLAHOMA A LITTLE BIT COOLER BEHIND THAT FRONT AS WE HEAD  INTO TOMORROW MORNING WITH 60S ACROSS MOST OF THE CORN BELT. HIGHS IN THE CORN BELT TOMORROW ONLY IN THE 70S BUT STILL TRIPLE DIGITS. MANY PARTS OF TEXAS. THERE IS THAT TROUGH. LOOK  AT THIS CUT OFF KIND OF GOES SOUTHWARD INTO THE SOUTHEAST AS WE HEAD INTO EARLY NEXT WEEK  ANOTHER TROUGH DIGS IN TO BRING MORE COOL AIR TO MOST OF THE CORN BELT IN THE NORTHEAST AS WE  HEAD THROUGH NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. CHICO CALIFORNIA FIRST OF ALL MOSTLY SUNNY RATHER HOT TODAY HIGH OF 91 DEGREES.  WASHINGTON IOWA COMFORTABLY WARM A THUNDERSTORM IN SPOTS HIGH OF 80 AND GREENSBORO  NORTH CAROLINA MOSTLY SUNNY PLEASANTLY WARM HIGH AROUND 85. IRRIGATION IS RUNNING BUT ARE GETTING ENOUGH WATER TO THE ROOTS. 

TEASE
WE'LL SHOW YOU HOW TO CHECK NEXT ON FARM JOURNAL COLLEGE TV. AND LATER, MAKING FARM SENSE OF THE HIGH COST OF ENERGY IN RURAL AMERICA. 

FARM JOURNAL COLLEGE TV
WITH THE SUMMER HEAT MANY FARMS ACROSS THE COUNTRY HAVE IRRIGATION  SYSTEMS RUNNING FULL SPEED. BUT ARE YOU GETTING ENOUGH WATER ON THAT CROP? ON FARM JOURNAL COLLEGE TV, MISSY AND BILL BAUER SHOW US HOW TO  CHECK WHETHER THERE'S ENOUGH MOISTURE IN THE SOIL TO SUPPORT HEALTHY GROWTH. WE WANT TO TAKE A SPADE AND DIG DOWN 10 TO 12 INCHES IN A QUEUE AND TRY TO POP IT OUT AND EVALUATE THE THAT WE HAVE SO UP HERE AT THE SURFACE. YOU CAN SEE THAT HE WANT TO TAKE THE  SOIL IN YOUR HAND AND TRY TO BALL IT UP POP IT AROUND A FEW TIMES. IF IT DOESN'T STAY TOGETHER IN A  BALL THEN WE DON'T HAVE ENOUGH MOISTURE HERE AND WE'VE GOT TO GET MORE ON PER CYCLE. WE SHOULD MENTION TOO THAT WE DID HAVE A TENTH OF AN INCH OF RAIN LAST NIGHT. SO THERE IS ACTUALLY  A LITTLE BIT OF SURFACE MOISTURE OUT HERE OF A TENTH OF AN INCH WASN'T ENOUGH TO US WHERE WE  NEED TO BE. SO AS WE'RE DIGGING THROUGH THIS PROFILE YOU WANT TO DIG DOWN IN THE CENTER OF THE CUE BALL THAT UP AND YOU CAN SEE WHEN I TRY TO BALL THIS UP THERE'S JUST NOT ENOUGH MOISTURE  THERE IT JUST KEEPS CRUMBLING. AND THEN YOU GO DOWN TO 10 OR 12 INCH DEPTH. AND IF THAT FLOWS  THROUGH YOUR HANDS LIKE SAND OR POWDER WE'RE NOT GETTING ENOUGH ON. WE DO HAVE IF WE WERE ABLE TO DIG A BIGGER PIT HERE WE DO HAVE SOME MOISTURE DOWN BELOW. THE IDEA IS THAT  THE WATERFRONT OF WHAT WE'RE PUTTING ON WHERE THERE ARE IRRIGATION WITH OUR SUBSOIL MOISTURE  MAKING SURE THOSE WATERFRONTS MEET IF WE'VE GOT DRY BANDS IN HERE THEN OUR WATER'S NOT GOING TO WORK TOGETHER WITH CAPILLARY ACTION. IT'S NOT ABLE TO PULL WATER THROUGH THAT DRY RIGHT  IT'S LIKE TWO SPONGES TOGETHER A CAPILLARY ACTION YOU PUT A SPONGE ON MOISTURE OR WATER IT'S  GOING TO SUCK INTO THE SPONGE. BUT IF WE HAVE TWO SPONGES IN A DRY ONE IN BETWEEN WE CAN'T  GET THE WATER FROM THE TOP SPONGE OR THE BOTTOM SPONGE AND IF THAT HAPPENS THEN WITH THE SUN THAT WE'RE HAVING IN THE HEAT WE'RE GOING TO KEEP EVAPORATING OUT THIS TOP SURFACE LAYER  AND IT'S GOING TO BE DRY LIKE THIS AND WE DON'T HAVE ENOUGH MOISTURE FOR THIS CROP IF WE HAVE  THE MEANS TO IRRIGATE IT.WHEN WE COME BACK, THE HIGH COST OF ENERGY IN RURAL AMERICA. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. SEE THE HARDEST WORKING  TRACTORS IN AG AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER  TODAY.  GROWING UP IN NEW MEXICO-- THERE IS ONE TRUTH--IT'S A LONG WAY TO  ANYWHERE. WE MEASURE DISTANCE IN HOURS, NOT MILES. IT'S THE ONLY PLACE I'VE BEEN WHERE YOU CAN HIT SEEK ON THE RADIO AND  WATCH THE DIAL SPIN WITHOUT FINDING A STATION. THAT SAID, FUEL AND ENERGY BILLS TEND TO BE A BIT HIGHER SIMPLY BECAUSE  OF DISTANCE AND POPULATION. A NEW STUDY JUST CAME OUT THAT SAYS RURAL HOUSEHOLDS ARE SPENDING  MUCH MORE OF THEIR INCOME ON ENERGY BILLS. ACCORDING TO THE AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY  AND THE ENERGY EFFICIENCY FOR ALL COALITION-- RURAL HOUSEHOLDS  ACROSS THE U-S SPEND A DISPROPORTIONATELY HIGH SHARE OF THEIR INCOME  ON ENERGY — ABOUT 40% MORE THAN THEIR METRO COUNTERPARTS. OVERALL, RURAL HOUSEHOLDS HAVE A MEDIAN ENERGY BURDEN OF NEARLY 4 AND A HALF PERCENT (4.4%) —     THAT'S THE PERCENTAGE OF A HOUSEHOLD'S  INCOME SPENT ON THINGS LIKE AIR CONDITIONING, HEATING, LIGHTING, APPLIANCES, AND COOKING — AND IT'S ONE-THIRD HIGHER THAN THE NATIONAL  BURDEN.  AND FOR THOSE WITH LOWER INCOMES, THE COST IS AN EVEN BIGGER PART OF  THEIR BUDGET. FOR MANY KEEPING THE LIGHTS ON OR THE HOUSE COMFORTABLE IS A DAILY  DECISION. SO WHAT'S THE TAKE AWAY HERE?  ACCORDING THE STUDY AUTHORS, DOING A FEW UPGRADES COULD REDUCE  YOUR ENERGY BURDEN BY AS MUCH AS 25%. YOU CAN'T MOVE TOWNS CLOSER TOGETHER, AND THE COST OF FUEL SEEMS TO  BE OUT OF OUR HANDS, BUT CHECKING WEATHER STRIPPING, ATTIC INSULATION  OR TUNING UP THE A/C IS POSSIBLE-- IF YOU CAN FIND ROOM IN THE BUDGET.  WHILE THE COST OF LIVING IN THE COUNTRY MAY NOT BE CHEAPER...IS IT'S  VALUE HIGH ENOUGH TO OFFSET THESE ADDED EXPENSES. FOR ME THE ANSWER IS YES. BUT OF COURSE NOT EVERYONE HAS THAT CHOICE.  MY HOPE IS THAT YOU FIND A PLACE THAT'S PERFECT FOR YOU--EVEN IF IT  DOESN'T COME WITH RADIO. 

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.

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