AgDay Daily Recap -June 21, 2018

June 21, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JUNE 21, 2018

SECRETARY ROSS ON TRADE

GOOD MORNING I'M CLINTON GRIFFITHS. COMMERCE SECRETARY WILBUR ROSS TAKING POINTED QUESTIONS FROM  LAWMAKERS DURING A FIERY HEARING OVER STEEL AND ALUMINUM TARIFFS. LAST MONTH, THE ADMINISTRATION PLACED A 25-PERCENT TARIFF ON STEEL AND  TEN PERCENT TARIFF ON ALUMINUM SHIPPED INTO THIS COUNTRY. COMMERCE SECRETARY ROSS IS DEFENDING THE TARIFFS AS NECESSARY TO REVIVE AMERICA'S STEEL AND ALUMINUM INDUSTRIES. BUT EVEN SOME MEMBERS OF THE PRESIDENT'S PARTY ARE CRITICIZING THE MOVE. NATIONAL REPORTER BETSY JIBBEN HAS DETAILS OF THE HEATED RHETORIC. SENATORS FROM FARM COUNTRY DEMANDING ANSWERS DURING THE SENATE  COMMITTEE ON FINANCE HEARING WANTING EXPLANATIONS ON TRUMP'S TRADE  STRATEGY, THE ADMINISTRATION'S PLAN FOR FARM COUNTRY AMID FALLING ROW  CROP PRICES THIS WEEK.  COMMERCE SECRETARY WILBUR ROSS SITTING THROUGH CRITICAL COMMENTS  ON  TRADE TENSION AROUND THE WORLD.  "I JUST DON'T SEE HOW DAMAGE POSED ON ALL OF THESE SECTORS COULD ADVANCE OUR NATIONAL SECURITY."" IT'S FRUSTRATING TO WATCH THE ADMINISTRATION'S TRADE MOVES LOOK LIKE KNEE-JERK IMPULSES THAN ANY KIND OF CAREFULLY THOUGHT-OUT STRATEGY."ROSS TAKING HARD-HITTING TRADE QUESTIONS ON THE PURPOSE OF STEEL AND  ALUMINUM TARIFFS ON CHINA.... OF THE STEEL AND ALUMINUM PRODUCTS TARGETTED, ONLY 5 PERCENT ARE FROM CHINAAND CANADA...  " WHAT IS OUR TRADE DEFICIT IN STEEL WITH CANADA? WE DON'T HAVE A TRADE DEFICIT WITH CANADA?  WE DON'T HAVE A DEFICIT. WE DON'T? DO WE HAVE A SURPLUS? YES."ALL WHILE SENATORS FROM FARM COUNTRY CAUTION THE TARIFF MOVES,  CITING FALLING GRAIN PRICES FROM EARLIER IN THE WEEK.  "THE CLOSING COSTS FOR WHEAT WERE DOWN 17 CENTS PER BUSHEL, CORN AND SORGHUM ABOUT 4  CENTS..." WE'VE WATCHED THE SOYBEAN MARKETS START TO COLLAPSE FROM UPPER 9 DOLLAR RANGE TO A MID 8  DOLLAR RANGE. "" I MET LAST FRIDAY WITH A DELEGATION  OF FARMERS FROM NORTH DAKOTA. THEY AMPLIFIED THEY FEEL  THE MARKET PRICE AT LEAST OF SOYBEANS THAT THE MARKET PRICE DECLINE HAS BEEN EXAGGERATED BY  SPECULATIVE ACTIVITY. "SENATORS PRESSING WILBUR ROSS FOR A PLAN OF WHAT THE ADMINISTRATION  WILL DO IF RETALIATION AGAINST COMMODITIES CONTINUE...  " AS YOU KNOW, THE PRESIDENT HAS DIRECTED THE SEC OF AG TO USE EVERY POWER THAT IS AT HIS  DISPOSAL TO HELP THE AG PARTIES WHO ARE ADVERSELY IMPACTED BY RETALIATION."" BENET: WHAT DO YOU MEAN WHEN YOU SAY THE SEC. OF AG SHOULD DO EVERYTHING THEY CAN DO?  WILBUR: I'M NOT IN DETAIL WITH ALL OF THE TOOLS THE SECRETARY CAN USE. BENNETT: BUT HOW CAN YOU  NOT BE FAMILIAR WITH THEM. YOU COME HERE AND TESTIFY THAT'S HOW YOU'RE GOING TO SOLVE THE ISSUE. "IT'S UP TO THE SECRETARY OF AG BECAUSE EACH OF THE SEGMENTS OF AG ARE QUITE A DIFFERENT  SEGMENT. "ROSS CONTINUING TO DEFEND STEEL AND ALUMINUM TARIFFS MOVES SAYING   SINCE THE U.S. IMPLEMENTED TOUGH TARIFF POLICIES IDEL PLANTS ARE  RESTARTING UP AGAIN IN MANY STATES AND NEW INVESTMENTS ARE COMING  ONLINE AS WELL.  

EUROPEAN UNION
MEANWHILE THE EUROPEAN UNION WILL BEGIN ITS RETALIATORY TARIFFS FRIDAY  IN RESPONSE TO THE U-S METAL TARIFFS. AMERICAN EXPORTS WORTH 2.8 BILLION WILL BE SUBJECT TO TARIFFS  IMMEDIATELY. THE E-U COUNTER-TARIFFS WILL HIT 200 TYPES OF U-S PRODUCTS, INCLUDING CORN, RICE, ORANGE JUICE, AND HARLEY DAVIDSON MOTORCYCLES. 

WEATHER PATTERNS
ACCORDING TO A REPORT IN THE WASHINGTON POST, TEMPERATURES AT THE  SURFACE OF THE TROPICAL ATLANTIC OCEAN ARE THE COLDEST THEY'VE BEEN  IN THE MIDDLE OF JUNE SINCE AT LEAST THE EARLY 1980S. THAT COULD HAVE AN EFFECT ON THIS HURRICANE SEASON...WEAKENING  STORMS THAT RELY ON WARM WATER.  BUT IT'S BEEN GULF AND ATLANTIC MOISTURE THAT'S BEEN DRIVING RAIN FALL  THESE LAST FEW MONTHS. THIS WAS THE SCENE IN TEXAS TUESDAY AS MASSIVE AMOUNTS OF RAIN  POURED INTO COASTAL REGIONSSOME AREAS GETTING MORE THAN A HALF FOOT OF RAIN FROM THE SYSTEM. NATIONALLY, TEMPERATURES IN MAY AND JUNE HAVE BEEN HOT. JUNE IS ON PACE TO BE ONE OF THE WARMEST ON RECORD. BUT RAIN IS HELPING TO MITIGATE THE EFFECTS OF THAT HEAT AND HELPING TO  FIGHT OFF EXPANSIVE DROUGHT. ALTHOUGH THAT WET GROUND COULD SPELL TROUBLE FOR POLLINATING CROPS  IN THE NEXT COUPLE OF WEEKS.  "THE PROBLEM SEEMS TO BE THAT WITH THIS AMPLE MOISTURE AND THE TEMPERATURES THAT SEEM TO  BE RUNNING CONSISTENTLY ABOVE AVERAGE WE DURING SOME OF THESE MORE SIGNIFICANT HEAT WAVES THAT WE'VE ALREADY SEEN THIS SUMMER WE HAVE BEEN DEALING WITH HIGH OVERNIGHT  TEMPERATURES WHICH AS YOU KNOW CAN TAKE A TOLL ON CROPS DOES NOT GIVE THEM A CHANCE TO REALLY REST AT NIGHT. SO ESPECIALLY WITH CORN WHICH REALLY GETS A ONE CHANCE OPPORTUNITY TO  MOVE THROUGH PRODUCTION WITHOUT ANY PROBLEMS. IF WE GET A UNTIMELY HEATWAVE DURING THE HEART OF CORN REPRODUCTION SOAKING AND BEYOND THAT COULD BE AN ISSUE OF TEMPERATURES ARE  ONLY DROPPING IN TO SAY THE MID OR HIGH 70S DURING THAT TIME. "BETSY JIBBEN WILL HAVE MORE FROM METEOROLOGIST RIPPEY TOMORROW  INCLUDING A LOOK AT THE FORECAST FOR THE REMAINDER OF SUMMER AND  EARLY FALL. 

CROP COMMENTS
LETS TURN IT OVER NOW TO OUR OWN METEOROLOGIST MIKE HOFFMAN.  HE HAS TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. SUMMER WEATHER OFTEN COMES WITH RISK OF STORM DAMAGE FOR CROPS. TAKE A LOOK AT THESE PHOTOS FROM PETE MEYER. HE SAYS THIS IS WHAT CORN LOOKS LIKE FOR MILES AND MILES IN LASALLE COUNTY ILLINOIS. USDA'S LATEST CROP PROGRESS REPORT PUT RATED 88 PERCENT OF THE  STATE'S CORN CROP AS GOOD TO EXCELLENT.  AND TAKE A LOOK AT THIS VIDEO FROM MATHEW STACEY. HE WAS IN GREELY COLORADO TUESDAY WHEN IT WAS HIT BY A HAIL BOMB. HE SAYS THE FALLING ICE LASTED 30 MINUTES AND COVERED THE GROUND. MUCH OF THE HAIL WAS QUARTER SIZED OR BIGGER AND ANYWHERE IT HIT THE  CROPS WERE SHREDDED. NOW TAKE A LOOK AT THE WIND SPEED FORECAST. YOU CAN SEE A STORM SYSTEM IN THE MIDDLE OF  THE COUNTRY GOING TO GIVE US SOME AREAS OF WIND AS WE START THE DAY TODAY. AND YOU CAN SEE  THAT WILL CONTINUE AS IT SLOWLY PROGRESSES OFF TO THE EAST A LITTLE BIT OF WIND IN THE NORTHERN  ROCKIES AS WELL. STARTING THE DAY TOMORROW IT'S GOING TO BE WINDY IN PARTS OF TEXAS AND PARTS  OF THE LOWER GREAT LAKES BACK INTO IOWA AND WE'LL SEE THOSE WINDS INCREASE ONCE AGAIN IN BOTH OF THOSE AREAS AS WE HEAD THROUGH THE AFTERNOON HOURS. WE'LL HAVE YOUR FORECAST  COMING UP. BUT FIRST HERE ARE SOME HOMETOWN TIPS.  

TEASE
WHEN WE COME BACK, CHECKING CATTLE MARKETS AND PRICE MOVEMENTS  WITH CRAIG VANDYKE AT THE AGRIBUSINESS DESK. AND LATER, WE'RE OFF TO THE LONE STAR STATE WHERE A FARMER IS GROWING  HIS FUTURE IN ALGAE. 

FLOOR OF THE CME
IN AGRIBUSINESS LETS SEE HOW MARKETS REACTED MID-WEEK. FOR THAT WE HEAD TO THE CME IN CHICAGO. PERFECT STORM FOR THE BEARISHNESS IN THE SOYBEAN MARKET OVER THE PAST COUPLE OF WEEKS.  SUPPLY AND DEMAND FEARS MOUNTING UP AND CAUSING THE MARKET FOR HORRENDOUS BREAK. WE  ARE VERY OVERSOLD AND WE WOULDN'T RULE OUT THE POSSIBILITY OF A SHORT TERM RECOVERY BOUNCE.  THE FIRST FACTOR THAT WE'RE LOOKING AT IS EXTREME OVERSOLD CONDITION OF THE MARKET CRASH. RATINGS ARE AT A RECORD HIGH LEVEL TO START THE GROWING SEASON. BUT WE'VE GOT TO KEEP IN MIND  THAT LATE JULY AND EARLY FIRST HALF OF AUGUST IS THE MOST IMPORTANT WEATHER SENSITIVE TIME  FRAME FOR THE SOYBEAN CROP. ANY SHIFT IN THE WEATHER OR ANY NEWS THAT WOULD SUGGEST THE U.S. CHINA TRADE RELATIONS ARE BETTER AND THE MARKET COULD EXPLODE TO THE UPSIDE ACTUALLY   THIS IS TERRY ROGGENSACK COMING TO YOU FROM THE CME GROUP TRADING FLOOR. 

AGRIBUSINESS
AGROBUSINESS DESK WE HAVE GREG VANDYKE WITH TOP THIRD AG. ALL RIGHT CRAIG LET'S TALK ABOUT  CATTLE MARKETS IT'S BEEN KIND OF AN INTERESTING WATCH A LOT OF BACK AND FORTH HERE WHAT'S REALLY  GOING ON. WELL NOTHING UNUSUAL AS FAR AS VOLATILITY GOES ON THE CATTLE MARKET. YOU KNOW WE'VE  COME INTO THIS SUMMER MONTH WITH AS EXPECTED. I MEAN SOME RECORD LARGE ON FEED NUMBERS SO WE KNEW WE'RE COMING INTO A LOT OF BEEF. SURE. YOU KNOW FORTUNATELY WE'VE HAD A LOT OF  THINGS TO HELP OFFSET THAT. THIS MARKET HAS STAYED VERY CURRENT. WE'VE KEPT WEIGHTS YOU KNOW  FAIRLY DECENT YOU KNOW DEMAND HAS BEEN FANTASTIC BOTH DOMESTICALLY AND FOR EXPORT DEMAND  IN THE FIRST FOUR MONTHS HAS BEEN SPECTACULAR COMPARED TO WHAT WE WERE EXPECTING APRIL BEEF EXPORT MAN WAS 16 PERCENT HIGHER THAN 2017. RIGHT. AND AS OF RIGHT NOW WE'RE LOOKING  AT EXPORT DEMAND 2018 VERSUS 2017 ABOUT 10 PERCENT HIGHER. SO YOU KNOW WHILE WE WERE  COMING INTO A POTENTIALLY VERY SCARY PERIOD OF JUST WHERE THIS CATTLE MARKET WOULD HEAD WHICH  IS NO STRANGER TO VOLATILITY YOU KNOW WE'VE DONE A LOT OF THINGS TO HELP OFFSET THAT. NOW YOU  KNOW THE ISSUE RIGHT NOW IS YOU KNOW PACKERS HAVE FANTASTIC MARGINS AND WHY WOULDN'T YOU KILL AS MANY AS YOU COULD. FANTASTIC MARGINS AND THEY HAVE BEEN DOING THAT. SURE. THE  QUESTION IS AS WE'VE HAD SOME COUNTER SEASONAL STRENGTH IN DEMAND HERE THE PAST FEW WEEKS IS THAT YOU KNOW SEASONALLY WE TEND TO SEE THAT DECLINE IN MID JULY. MOVING FORWARD  WE WILL STILL HAVE A LOT OF CATTLE ON FEED. SO YOU KNOW MY GUESS IS YOU'RE PROBABLY GOING TO  SEE IF THIS CONTINUES THE WAY WE EXPECTED TO THAT YOU KNOW AUGUST IN OCTOBER COULD BE SOME PROBLEM MONTHS AS FAR AS WE CAN THIS GOES. BUT YOU KNOW THE HOLE IS EXPECTED TO  START COMING OUT IN DEASE IN FEBRUARY AND WHAT I TEND TO SEE IN THE CATTLE TRADE IS THAT HOLES  OR EXPANSIONS TEND TO MOVE A LITTLE BIT FASTER THAN WE ALL EXPECT. SO I DON'T YOU KNOW I EXPECT  VOLATILITY TO CONTINUE AND YOU THROW IN THE TRADE HEADLINES AS WELL THERE'S JUST A LOT TO THROW AT  THIS CATTLE TRADE FOR THE MOMENT. CHINA SAYS THEY'RE GOING TO PUT TARIFFS ON BEEF. IS THAT A CONCERN. YOU KNOW THAT'S THEY PUT SOMEONE IN THE HEADLINE BECAUSE IT'S A HEADLINE. YOU  KNOW CHINA'S NOT A MASSIVE BUYER OF OUR BEEF AND THEY HAVEN'T BEEN YOU KNOW WHILE YOU  KNOW I WOULD SUSPECT THE FUTURES MARKET WILL PROBABLY STRUGGLE WITH IT YOU KNOW AT THE END OF  THE DAY THE FUTURES MARKET IS SMARTER THAN THE REST OF US. AND THEY'LL KNOW WHERE THE FUNDAMENTAL SIDE STAND SO I DON'T SEE IT BEING A MAJOR ISSUE FOR THE TIME BEING. ALL RIGHT.  APPRECIATE IT CRAIG. THANKS FOR THE INSIGHTS. WE'LL BE BACK. MORE THAN JUST A MINUTE.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE AND MIKE. NOW THIS SYSTEM WE'VE  BEEN WATCHING FOR A WHILE IS JUST KIND OF HANGING OUT. IT IS KICKING BACK IN THE MIDDLE OF THE  COUNTRY. IT'S MOVING VERY SLOWLY. HERE'S MY ISSUE WITH IT. IF IT WAS A STATE FARTHER SOUTH WE'D  BE GETTING SOME OF THOSE REAL DRY AREAS AND NORTHERN MISSOURI AND SURROUNDING STATES. ON  THE OTHER SIDE OF THE COIN AREAS OF NORTH AREAS NORTH OF THERE LIKE SOUTHERN MINNESOTA DON'T  NEED THE RAIN BUT YOU'RE GOING TO GET SOME MORE OF IT OUT OF THIS VERY SLOW MOVING SYSTEM.  THE OTHER FACTOR THAT WE HAVE WE'VE BEEN SHOWING YOU AN AREA OF LOW PRESSURE THAT CAME INTO SOUTH TEXAS A FEW DAYS AGO THAT TROPICAL LIKE MOISTURE TROPICAL MOISTURE THAT WAS A  TROPICAL LIKE SYSTEM IS WHAT I MEANT TO SAY THERE IS FEEDING INTO THE EASTERN PARTS OF THE  SYSTEM. SO THERE'S GOING TO BE A FAIR AMOUNT OF RAIN IN A LOT OF THESE AREAS AS WE HEAD THROUGH THE NEXT TWO OR THREE DAYS. NOW IT IS MOVING BUT IT'S GOING TO BE A VERY SLOW MOVER.  SO MANY PARTS OF THE AREA I 80 CORRIDOR ESPECIALLY IOWA OVER INTO NORTHERN INDIANA AND  NORTHERN OHIO GOING TO GET A FAIR AMOUNT OF RAIN OUT OF THIS SYSTEM. WE DO HAVE A SYSTEM COMING THROUGH THE NORTHERN ROCKIES AS WELL THAT WILL BE A LITTLE BIT MORE HIT AND MISS SHOWER  ACTIVITY MOVING THROUGH THAT PART OF THE COUNTRY. YOU CAN SEE BY TOMORROW MORNING THE AREA  OF LOW PRESSURE OVER CENTRAL ILLINOIS CONTINUING TO PUSH OFF TO THE EAST IT WILL MOVE INTO INDIANA  OVER A 12 HOUR PERIOD. THAT'S HOW SLOW IT'S MOVING. THAT WILL BE THE FOCUS FOR THE SHOWERS AND THUNDERSTORMS OUT OF THAT SYSTEM AT THAT POINT. AND YOU COULD SEE AN AREA OF LOW  PRESSURE KIND OF FORMING ALONG THE TAIL END OF THIS COOL FRONT. IT'S NOT GOING TO COOL DOWN IN  TEXAS OUT OF THIS SYSTEM AND THAT WILL BEGIN TO CAUSE SOME MOISTURE BRINGING UP SOME MOISTURE OUT OF THE SOUTHERN PORTIONS SOUTHWESTERN PORTIONS OF THE COUNTRY OUT OF THE PACIFIC  OCEAN. THERE IS A PRECIPITATION ESTIMATE PAST 24 HOURS THAT TROPICAL MOISTURE WAS TELLING YOU  ABOUT. AND THE MAIN STORM SYSTEM WITH SOME AREAS ALREADY SEEN THREE 4 INCHES OF RAIN  ADDING IN THE NEXT 36 HOURS. WHOEVER GETS THESE HEAVIER THUNDERSTORMS EMBEDDED IN THE RAINS CAN END UP WITH TWO OR 3 4 INCHES ACROSS PARTS OF ILLINOIS INDIANA OHIO EVEN INTO THE  MID-ATLANTIC. SO WE'LL HAVE TO WATCH THIS SYSTEM CAREFULLY SO IT IS SOUPY THROUGH THE SOUTHERN  TIER OF STATES AND HOT WHERE IT'S DRY LIKE THE DESERT SOUTHWEST A LOT COOLER WHERE IT'S RAINING  THOUGH. HIGH LOW TEMPERATURES OVERNIGHT LOTS OF 60S EVEN A FEW 50S ACROSS THE PLAINS STATES STILL SOUPY THROUGH THE SOUTHEAST AND MORE OF THE SAME TOMORROW. SOME AREAS AROUND THE  GREAT LAKES ONLY TOPPING OUT IN THE 60S BECAUSE OF THE CLOUDS AND RAIN AND WIND OFF THE ONE  OF THE GREAT LAKES THERE IS A JETSTREAM YOU CAN SEE THIS CUT OFF LOW JUST BARELY MAKING IT EAST. FINALLY FOLDS INTO THE FLOW AS WE HEAD THROUGH SUNDAY AND MONDAY. QUICK RIDGE BUILDS  BEHIND IT AND THEN ANOTHER TROUGH DIGGING INTO THE NORTHERN PLAINS. RIGHT AFTER THE FOURTH OF  JULY. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF  ALL FOR GLOBE ARIZONA LOTS OF SUNSHINE AND HOT HIGH OF 103 DEGREES. TAKING A LOOK AT  SPRINGFIELD ILLINOIS. PERIODS OF RAIN AND A THUNDERSTORM HIGH AROUND 80. AND FINALLY WILMINGTON DELAWARE PARTLY SUNNY WARM RATHER HUMID HIGH AROUND 83 DEGREES.

TEASE
IT'S A TOUGH HAY YEAR FOR RANCHERS IN CATTLE COUNTRY. WE'LL TAKE LOOK NEXT ON DROVERS TV. AND LATER, THE SEARCH FOR AN ALTERNATIVE CROP HAS THIS WEST TEXAS  FARMER SEEING GREEN. 

DROVERS TV
FROM OUR PARTNERS AT DROVERS, HAY SUPPLIES ARE GETTING DIRE ACROSS  PARTS OF CATTLE COUNTRY. THE LATEST U.S. DROUGHT MONITOR SHOWING DROUGHT AFFECTING NINE OF  THE TOP TEN COW CALF STATES. LONG-TERM PRECIPITATION DEFICITS LEADING TO HAY SUPPLY SHORTAGES IN  SOME OF THE HARDER HIT AREAS.  AN UPDATE TO A STORY FROM BURNS OREGON AND DISCUSSIONS AROUND THE  POTENTIAL PARDON FROM PRESIDENT TRUMP FOR DWIGHT AND STEVEN HAMMONDS. THE OREGON RANCHERS HAVE BEEN INCARCERATED SINCE JANUARY 4TH OF  2016 WHEN THEY WERE CONVICTED OF ARSON ON PUBLIC LANDS. THE CONVICTIONS STEM FROM 2012, WHEN BOTH WERE FOUND GUILTY OF SETTING FIRES ON FEDERAL  LAND IN 2001 WHERE THEY HAD GRAZING RIGHTS, AND STEVEN ALSO WAS CONVICTED OF SETTING A  SECOND FIRE IN 2006. THE HAMMONDS ARGUED IN THEIR DEFENSE THE FIRES WERE SET ON THEIR OWN  PROPERTY TO DESTROY INVASIVE SPECIES. THE FIRE INADVERTENTLY BURNED ONTO PUBLIC LANDS, DESTROYING ABOUT 100 ACRES. STEVEN HAMMOND REPORTED THE FIRE TO THE BLM OFFICE IN BURNS,  ORE. FEDERAL PROSECUTORS SAID STEVEN STARTED THE 2006 FIRE TO COVER EVIDENCE OF A DEER HE  POACHED ON BLM LAND. HENDERSON SAYS IN BOTH INSTANCES, PROSECUTORS CITED IT COST THOUSANDS OF DOLLARS TO PUT OUT THE FIRES, AND PUT FEDERAL  EMPLOYEES AT RISK.  IN A PLEA DEAL, THE TWO MEN AGREED THEY WOULD NOT APPEAL THEIR  SENTENCE OF THE 2012 CONVICTION, AND WOULD PAY $400-THOUSAND DOLLARS IN RESTITUTION. THE WASHINGTON POST REPORTING LAST WEEK, THE HAMMONDS ARE BEING  CONSIDERED FOR PARDON BY PRESIDENT TRUMP. 

TEASE
FROM POND SCUM TO CASH CROP. ALGAE FARMING IN THE LONE STAR STATE--NEXT.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA'S FULL LINE OF FIELD-PROVEN HAY TOOLS.  EXPLORE THE FULL  LINE UP AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER TODAY.  IN TIMES OF LOW PRICES, FARMERS AND RANCHERS ARE OFTEN IN SEARCH OF  ALTERNATIVE CROPS. IN WEST TEXAS, TODAY THERE'S A NEW CROP GROWING.   AND ACCORDING TO ED  WOLFF  WITH THE  TEXAS  FARM BUREAU  IT'S   SATURATED IN POSSIBILITIES.   ALGAE. NOT  YOUR  NORMAL WEST  TEXAS  CROP. BUT  JUST  OUTSIDE OF   IMPERIAL,  YOU'LL FIND  PO​NDS  OF GREEN.  THE  WATER TINTED  BY  THIS  AQUATIC  PLANT. &nbs​p;BART REID  USED  TO GROW  SHRIMP  AND REDFISH  IN  THIS  WATER.​  NOW  HE GROWS  ALGAE.  NOT AS  FAR  A LEAP  AS  YOU&n​bsp;MIGHT  THINK.   "WHAT WE  PRODUCE  ARE FOOD  PRODUCTS.  WE PR​ODUCE  OMEGA-3S,   WHICH PEOPLE  GET,  TRADITIONALLY,  FROM FISH  OIL. ​; BUT FISH  ARE  JUST  BORROWING  IT  FROM ALGAE.  IT'S  ALGA​E OIL,  IS  WHAT IT  IS.  THE PLANKTON   EAT  THE ALGAE. &nb​sp;THE  LITTLE FISH  EAT  THE PLANKTON,  AND  BIG FISH  EAT  &nbs​p;THE LITTLE  FISH.  AND IT'S  JUST  CONTINUOUSLY CONCENTRATED  THROUGH &nbs​p;THE FOOD  CHAIN.  AND  WE  ARE GROWING  THE  ALGAE THAT  MAKES&​nbsp; THE  OMEGA-3,  SO  WE  GET  IT DIRECTLY  FROM  THE SOURCE&n​bsp; THAT  IT COMES   FROM."   WEST TEXAS  IS  ABUNDANT IN &​nbsp;TWO  THINGS VITAL  FOR  GROWING ALGAE.  BRACKISH  WATER, HEAVY  CLAY&n​bsp; BASED SOIL  &  LOTS  OF  SUNLIGHT. MEANING   AN  AREA NO​T  SUITABLE  FOR MOST  TERRESTRIAL  CROPS, IS  HEAVEN  FOR  ONE &​nbsp;THAT'S  SUBMERGED.    "WE  GET  TO DO  THIS  WITH SOIL&n​bsp; THAT  WOULDN'T GROW  ANYTHING.  WITH  WATER  THAT  NOTHING COULD&n​bsp; DRINK.  SO IT'S  JUST  AS SOUND  AS  CAN BE   FOR &​nbsp;THE ENVIRONMENT,  IT'S  THE BEST.  IT'S  JUST A  WHOLE  NEW&nb​sp;LAYER  OF   AGRICULTURE THAT  NEEDS  TO HAPPEN,  AND  ENHANCE WHAT&​#39;S  ALREADY   BEING DONE." MANY  THINGS  ABOUT ALGAE  FARMING  MIRRORS TRADITIONAL  FARMING.   JUST AT  A  FASTER PACE  AND  SATURATED&nb​sp;IN  H2O.  THEY BUY  THEIR   FERTILIZER FROM  THE  LOCAL CO-OP. ​; THEY  CHECK FOR  PESTS.  FOR  NUTRIENTS.  AND  MONITOR THE  HEA​LTH  OF THE  CROP.  ONLY THEY  USE  A  MICROSCOPE.   "SINCE&​nbsp; WE'RE WORKING  WITH  A MICROSCOPIC  ORGANISM,  WE HAVE  TO  ​ LOOK AT  IT  IN ITS  ENVIRONMENT,  SO MONITORING  IT  IN A ​ MICROSCOPE  IS  THE  BEST  WAY TO  FIND  THE CULTURE'S  HEAL​TH,  THE ALGAE'S  HEALTH,  AND  ALSO  TO  IDENTIFY IF  THINGS ​; ARE IN  THE  PONDS THAT  WE  DON'T WANT  TO   BE THERE​,  LIKE  WEEDS OR  PESTS." THE  TEAM AT  QUALITAS       HEALTH THINKS  OF  IT LIKE  GROWING  COTTON.  THEY PLANT.  THEY  TAKE CARE  OF  THEIR CROP.  THEY  HARVEST. BUT  WHERE   A COTTON​  FARMER  WILL ONLY  GET  ONE CROP  A  YEAR, BART'S  CREW&nbs​p; IS  HARVESTING  EVERY  DAY. ALL  YEAR  LONG.    "WE  ​;PLANT  ONCE, WE  HARVEST  MANY TIMES.  FROM  THAT HARVEST  WE  &​nbsp;MAKE TOTES,  THAT'S  OUR EQUIVALENT  OF  MODULES. THAT  GOES  TO&n​bsp;OUR   EXTRACTION  FACILITY, WHICH  IS  THE EQUIVALENT  OF  OUR GIN​.  THEN  WE  SEPARATE  THE  ALGAE INTO  ITS  PIECES, THE  OI​LS,  THE PROTEIN,  THE   FIBER, JUST  LIKE  THE FIBER  FROM  ​;COTTON AND  THE  COTTONSEED. IT'S   JUST  EXACTLY LIKE  THAT." &n​bsp; ALGAE IS  NOT  ONLY RICH  IN  OMEGA-3S BUT OMEGA-7S, 9S &  6S.  PLUS IT'S   A  GOOD SOURCE  OF  PROTEIN. THE  PARTICULAR  TYPE&​nbsp;OF  ALGAE  THEY  GROW  IS  CALLED NANNOCHLOROPSIS,  OR  NANNO FOR SHORT.  IT'S   PHOTOSYNTHETIC.  OR GROWN  WITH  SUNLIGHT &  CARBON​  DIOXIDE. IT   TAKES  ABOUT 10  DAYS  FROM PLANTING  FOR  T​HE ALGAE  TO  GROWING  ENOUGH  DENSITY  FOR HARVEST.  THEN  IT CA​N  BE  READY TO HARVEST   AGAIN  IN  AS  LITTLE AS  3  DAYS. THE  PRODUCTS  MADE FROM  THEIRALGAE ARE  CALLED  IWI,  A  LINE OF  OMEGA-3  SUPPLEMENTS. THEY  HOPE  TO  PRODUCE  A  PROTEIN PRO​DUCT  IN  THE FUTURE.  NOT  MEANT TO  BE  EATEN  ON  ITS&nbs​p; OWN BUT  ADDED  AS INGREDIENTS  IN  OTHER FOOD.  TO  HELP &nbs​p;BOOST  NUTRITION.  IN FACT,  YOU  MAY BE  EATING ALGAE  NOW AND  NOT   KNOW IT.   "THERE  IS A  DYE  FROM SPIRULINA  WHICH&​nbsp; IS ANOTHER  TYPE  OF ALGAE   THAT'S  FARMED IN  OPEN  P​ONDS LIKE  WE  DO. IT'S  THE  ONLY NATURAL  BLUE   DYE THAT&#​39;S  AVAILABLE.  IF YOU  LIKE  M &  MS  AND YOU'RE  EATI​NG  BLUE M  &  MS YOU'RE  EATING  A PRODUCT  FROM  ALGAE.​" ALGAE  IS UNIQUE.  NO  DOUBT. BUT  AT  THE HEART  OF  EVERY POND  IS  A  FARMER.  GROWING  A CROP.  IMMERSED  IN AGRICULTUR​E.     WITH  THE TEXAS  FARM  BUREAU, ED  WOLFF,  IMPERIAL <​br />
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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