AgDay Daily Recap - March 22, 2018

March 22, 2018 10:02 AM
 
AgDay

TODAY ON AGDAY
MARCH 22, 2018

HEADLINES

STERN SACTIONS AGAINST CHINA IN THE FORM OF  TARIFFS, COULD BE ON THE BOOKS FOR TODAY.  CHINA MAKES A NOT-SO-SUBTLE HINT THAT  RETALIATION AGAINST U-S SOYBEAN FARMERS IS NEXT.  <, DISRUPTIONS IN TERMS OF DEMAND ARE REALLY TSTING THE NERVES OF  FARMERS> IN AGRIBSUINESS, THE FUNDS FIND CORN ATTRACTIVE.  BUT WHY?  PLUS, THE MUSIC OF THE MOUTAINS, SOMETIMES  COMES FROM UNDERNEATH THE GRANITE AND STONE. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST  DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD.

CHINA TARIFFS, POSSIBLE SOYBEAN IMPACT
GOOD MORNING I'M TYNE MORGAN. CLINTON IS OFF  TODAY.  IT APPEARS THE PRESIDENT IS FOLLOWING  THROUGH WITH HIS THREAT TO IMPOSE SANCTIONS  AGAINST CHINA OVER VIOLATIONS OF INTELLECTUAL  PROPERTY. THE PRESIDENT HAS BEEN CONSIDERING TARIFFS AS  MUCH AS 60 BILLION DOLLARS WORTH ON CHINESE  GOODS SHIPPED INTO THE U-S. . THOSE SANCTIONS COULD COME TODAY. THESE TARIFFS WOULD BE ON TOP OF THE STEEL AND  ALUINUM TARIFFS THAT TOOK EFFECT LAST FRIDAY. . PRESIDENT TRUMP INSTRUCTED U-S TRADE  REPRESENTATIVE ROBERT LIGHTHIZER TO INVESTIGATE  ALLEGATIONS THAT CHINA STEALS U-S INTELLECTUAL  PROPERTY. THE ADMINISTRATION BELIEVES CHINA FORCES  AMERICAN COMPANIES TO TRANSFER TECHNOLOGICAL  INSIGHT TO CHINESE FIRMS IN HOPES OF DOING  BUSINESS IN THE ASIAN COUNTRY. CHINA IS SAID TO BE PREPARING TO HIT BACK AGAINST  A VARIETY OF U-S TRADE ACTIONS. AND IT APPEARS AG  PRODUCTS WOULD FEEL THE BRUNT OF IT. AS WE'VE BEEN REPORTING, SOYBEANS, SORGHUM AND  PORK ARE THE LIKELY INITIAL TARGETS. JUST THIS WEEK, A GOVERNMENT RUN CHINESE  NEWSPAPER SAID IN AN EITORIAL CLAIMED U-S  SUBSIDIES HAVE GIVEN AMERICAN PRODUCERS AN  UNFFAIR ADVANTAGE OF SELLING SOYBEANS INTO  CHINA.  IT WENT ON TO SAY THAT STRONG RESTRICTIVE  MEASURES SHOULD BE TAKING AGAINST SUBSIDIES AND  DUMPING OF SOYBEANS. IT'S UNCERTAINTY OF TRADE WITH THE UNITED STATES'  NUMBER ONE SOYBEAN BUYER THAT'S WEIGHING ON  FARMERS.  <ANYTIME YOU HAVE THE FARM ECONOMY STILL KIND OF LAGGING IN ITS  RECOVERY, DISRUPTIONS IN TERMS OF DEMAND ARE REALLY TSTING THE  NERVES OF FARMERS> THE AMERICAN SOYBEAN ASSOCIATION SAYS CHINA  HAS SAID IT WILL RETALIATE AGAINST U-S SOYBEANS.  SO IT MAY NOT BE A MATTER OF IF, BUT WHEN. 

TRADE REP LIGHTHIZER TALKG TRUMP’S TRADE AGENDA
BETWEEN THE CHINA TRADE SPAT, THE TARIFF ACTION  ON STEEL-AND-ALUMINUM, AS WELL AS NAFTA  NEGOTIATIONS, U-S TRADE REPRESENTATIVE ROBERT  LIGHTHIZER HAS A FULL PLATE. . LIGHTHIZER WENT BEFORE A KEY HOUSE COMMITTEE  WEDNESDAY TO TALK ABOUT THE PRESIDENT'S ACTIVE  TRADE AGENDA. . BETSY JIBBEN JOINS US NOW WITH MORE.              U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER  TESTIFYING AT THE HOUSE WAYS AND MEANS  COMMITTEE HEARING WEDNESDAY - HIGHLIGHTING HE'S  NEGOTIATING TRADE DEALS WHICH WILL WORK FOR ALL AMERICANS.     AT THE MEETING, LIGHTHIZER VOCAL ABOUT  RENEGOTIATING THE NORTH AMERICAN FREE TRADE  AGREEMENT  BETWEEN THE U.S., CANADA AND MEXICO  AND KORUS BETWEEN THE U.S. AND SOUTH KOREA.  ALSO SAYING THE ADMINISTRATION IS AGGRESSIVELY  PERSURING POTENTIAL AGREEMENTS WITH THE UNITED  KINGDOM, AUSTRALIA, AND EXPLORING THE POSSIBILITY  WITH COUNTRIES IN AFRICA AND SOUTHEAST ASIA.  ALL OF THIS COMES DURING A TIME WHEN THE U.S.  IMPLEMENTING TARIFFS ON IMPORTED STEEL AND  ALUMNIUM PRODUCTS WITH SOME OF THOSE  COUNTRIES LISTED. AT THE SAME TIME, LIGHTHIZER STILL FIRM ABOUT A  TRADE DEFICIT BETWEEN THE U.S. AND OTHER  COUTNRIES. THIS YEAR THE TRADE DEFICIT WITH GOODS AND SERVICES ROSE TO 565  BILLION DOLLARS IN AND GOODS ALONE, IT WAS 811 BILLION DOLLARS. THERE  ARE LOTS OF CAUSES WITH THESE NUMBERS AND THE PRESIDENT  BELIEVES AND I BELIEVE THERE ARE MARKET DISTORTIONS AND THEY  HAVE A NEGATIVE EFFECT ON U.S. WORKERS AND BUSINESSES."> LIGHTHIZER SAYING THE U.S. HAS A MAJOR TRADE  DEFICIT WITH CHINA - HE SAYS 375 BILLION DOLLARS, SO  THE NUMBERS ESSENTIALLY GOT WORSE LAST YEAR.  HE ADMITS MEMBERS AT THE HEARING HAVE VARIETY  OF VIEWS AT THE DEFICIT FIGURES. WHILE TOUGH TALK REMAINS, 

AFRICAN TRADE AGREEMENT
MEANWHILE AFRICAN LEADERS ON WEDNESDAY SIGNED  WHAT IS BEING CALLED THE LARGEST FREE TRADE  AGREEMENT SINCE THE CREATION OF THE WORLD  TRADE OGANIZATION. . THE DEAL CREATES A CONTINENTAL MARKET OF MORE  THAN A BILLION PEOPLE WITH A COMBINED GROSS  DOMESTIC PRODUCT OF MORE THAN THREE TRILLION U- S DOLLARS. . A MAJOR GOAL IS TO BOOST INTRA-AFRICAN TRADE AND  RELY LESS ON THE VOLATILITY OF COMMODITY PRICES  THAT AFFECT MANY EXPORTS. THE AIM IS TO HAVE THE AGREEMENT IN PLACE BY THE  END OF THE YEAR. BUT THAT WOULD REQUIRE  APPROVAL BY 44 OF THE AFRICAN UNION'S 55 MEMBER  STATES. THANKS BETSY.

NAFTA NEGOTIATIONS
NOW TO NAFTA NEGOTIATIONS AND THE POSSIBILITY OF  A BREAKTHROUGH IN THAT STALEMATE. ACCORDING TO CANADIAN PRESS REPORTS THE U-S,  CANADA AND MEXICO ARE MAKING HEADWAY ON THE  ISSUE OF AUTO RULES. FOR MONTHS THE U-S HAS DEMANDED 50-PERCENT OF  AUTO PARTS COMES FROM THE U-S. . BUT ACCORDING TO THE TORONTO GLOBE AND MAIL  NEWS, THERE ARE INDICATIONS THE U-S IS WILLING TO  GIVE A LITTLE ON THAT ISSUE. . WHILE UPBEAT, CANADA'S AMBASSADOR TO  WASHINGTON, DAVID MACNAUGHTON, WARNS  REPORTERS THAT THERE ARE STILL GAPS IN THE DEAL,  EVEN IF THERE'S IMPROVEMENT IN THE AUTO PARTS  REQUIREMENT.

BAYER MONSANTO MERGER
THE MEGA MERGER BETWEEN BAYER AND MONSANTO  IS ONE STEP CLOSER TO REALITY. THAT'S AS THE  BUYOUT OVERCAME A MAJOR HURDLE THIS WEEK.  ON WEDNESDAY, EUROPEN COMMISSION GIVING   CONDITIONAL APPROVAL FOR BAYER TO BUY  MONSANTO.  BAYER'S CEO CALLING IT A SIGNIFCANT MILESTONE. IN A TWEET WEDNESDAY MORNING, THE EUROPEAN  COMMISSIONER TWEETING THAT THE AGENCY  CONDITIONALLY APPROVED THE BAYER TAKEOVER AOF  MONSANTO. AND THAT COMPEITION REMAINS  EFFECTIVE.  BAYER ALREADY AGREED TO SELL OFF ITS U-S  BUSINESS AND PART OF ITS DIGITAL FARMING  PORTFOLIOTO B-A-S-F.  BUT NOW MONSANTO ALSO AGREEING TO DIVEST ITS  NEMASTRIKE TECHNOLOGY TO BASF. THE COMPANY ACTUALLY PULLED ITS NEMASTRIKE  SEED TREATMENT THIS YEAR AFTER THE SUBSTANCE  CAUSED SEED TREATMENTS AMONG SOME INDIVIDUALS  WHO HANDLED THE PRODUCT.  DESPITE RECENT ISSUES IN RECEIVING U-S  REGULATORY APPROVAL, BOTH BAYER AND MONSANTO  SAY THEY REMAIN CONFIDENT TEH DEAL WILL STILL 

CROP COMMENTS
MIKE HOFFMAN JOINS US NOW WITH A LOOK AT CROP  COMMENTS. MIKE.  TODAY'S CROP COMMENT IS SOMETHING WE DON'T  COVER OFTEN, GARLIC! THIS GARLIC WAS PLANTED IN OCTOBER IN ROLLING  PRAIRIE, INDIANA AND THIS WILL BE USED FOR  GARDENING PURPOSES.  AND TAKING A LOOK AT THE WINDSPEED FORECAST TODAY AND SEE IF  STARTIOFF ON THE COAST. KIND OF WINDY BECOMES WINDY IN THE  CENTRAL AND SOUTHERN PLAINS AS WE HEAD THROUGH THE DAY TODAY.  VERY WINDY OUT WEST. THESE ARE A COUPLE OF POWERFUL STORMS  COMING IN THERE. YOU CAN SEE AS WE HEAD INTO THE DAY TOMORROW  MOST OF THE WEST OF THE COUNTRY EVEN THE CENTRAL PART OF THE  COUNTRY GOING TO BE VERY WINDY THROUGHOUT THE DAY TOMORROW  ESPECIALLY DURING THE AFTERNOON HOURS. WE'LL HAVE YOUR FORECAST  COMING UP. BUT FIRST HERE ARE SOME HOMETOWN TEMPS0  YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM.  SEARCH EQUIPMENT FROM DEALERSHIPS ACROSS THE COUNTRY TO FIND  WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT COM.  )

TEASE
STILL TO COME, WHY DO THE FUNDS FIND CORN SO  ATTRACTIVE? WE ASK MIKE FLOREZ AFTER THE BREAK.  PLUS- ON THE HEELS OF AN OMNIBUS SPENDING BILL  VOTE, FSA IS REMINDING LIVESTOCK PRODUCERS THAT  MORE AID IS AVAILABLE FROM THE MOUNTING DISASTER  LOSSES LAST FALL. LATER - WE'LL SHOW YOU HOW THE "HILLS ARE ALIVE  WITH THE SOUND OF MUSIC" - AND WE MEAN THAT  QUITE LITERALLY. AGDAY - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM  BAYER.  DESIGNED USING SMART GENETICS WITH TAILORED VARIETIES TO  FIT ANY FIELD CONDITION.

AGRIBUSINESS
HERE NOW WITH MIKE FLOREZ OF FLOREZ TRADING. MIKE ONE OF THE  MOST FRUSTRATING PARTS ABOUT THE MARKET I'VE HEARD FROM  PRODUCERS CONTINUOUSLY IS THEY NEVER KNOW WHAT THE OUTSIDE  MONEY OR THE FUNDS ARE GOING TO DO AND A LOT OF TIMES THAT CAN  REALLY DRIVE PRICES MAJORLY EITHER WAY. SO WHAT DRIVES THE FUNDS.  WHAT WHAT MOTIVATES THEM. I WISH I COULD GIVE YOU A STRONG  ANSWER ON THAT IT'S ALWAYS A MYSTERY. IT'S ALWAYS A BLACK HOLE BUT  MONEY CHASES MONEY AND IS OLD ADAGE LIKE IN THE OLD DAYS  WHICH WERE NOT IN THE OLD DAYS ANYMORE IF YOU LIKE CORNER FOR  DOLLARS YOU'D LIKE THAT MORE 390 YOU LIKED IT MORE AT 380. THE  FUNDS IF THEY LIKE IT BEFORE THEY LIKE IT BETTER AT 410 AND THEY LIKE IT BETTER FOR 20. THEIR MOMENTUM TRADERS AND AS LONG AS THE  MARKET IS GOING THEIR WAY THEY CONTINUE TO PILE ON WHATEVER THE  DIRECTION IS. SO IT'S DIFFICULT TO SAY WHAT DRIVES THEM BUT THEY TEND  TO SHIFT FROM ONE SEGMENT TO ANOTHER. RIGHT NOW THEY'RE KIND OF  IN LOVE WITH THE GRAINS THEY WERE IN LOVE WITH THE LIVESTOCK IN THE  FALL. AND ONE OF THE KEYS TO WATCHING THEM IS WHEN OPEN INTEREST  REALLY BUILDS IN THE FINAL DAYS OF THE MOVE. IT KIND OF SIGNALS THE  END OF THAT TREND. IT HAPPENED IN THE FALL IN LIVESTOCK AND IT  HAPPENED IN JANUARY IN CRUDE OIL. IT'S THE KIND OF THE BULL OFF AND  NOW WE'VE JUST GOTTEN IT IN SOYBEANS. SO WHY DO THE FUND THE  FUNDS LOVE GRAINS RIGHT NOW. WHY DO THEY LIKE. WELL BECAUSE IT'S  A LOW PRICE COMMODITY AND THERE'S NOT MANY SECTORS THAT HAVE  BEEN IN BEAR MARKETS FOR FIVE SIX YEARS LIKE THE GRAINS HAVE YOU  KNOW WE'VE HAD A LOT OF MOVES UP IN ENERGY'S LIVESTOCK. THE  METALS AT CERTAIN TIMES CERTAINLY THE STOCK MARKET. THEY CHASE  MOMENTUM. SO AT SOME POINT THOUGH THAT THE MOMENTUM ENDS  AND YOU GOT TO TRY TO FIGURE OUT AS A TRADER YOU KNOW WHAT'S YOUR  CLUE FOR THAT. WHAT I FOUND IS A RAPID BUILD UP IN OPEN VENTURES  TYPICALLY AT THE END OF THE MOVE IS WHAT WHAT IS THE ANSWER TO  THAT. ALL RIGHT GOOD EXPLANATION. I KNOW THERE'S NOT ONE SILVER IT'S  A HARD ONE YEAH. I MEAN THERE'S NOT REALLY A FORMULA FOR IT BUT  YOU DID A GOOD JOB OF TRYING TO YOU JUST TO SEE WHAT WHEN IT WHEN  SOMEBODY GETS TOO LONG OR TOO SHORT. NO IT'S NOT GOING TO LAST  FOREVER. ALL RIGHT. GOOD TO KNOW. THANK YOU MIKE WE APPRECIATE  IT. LET'S TAKE A QUICK BREAK AND THEN WE'LL HAVE A CHECK OF  WEATHER HERE ON AGDAY0

WEATHER
WELCOME BACK. TIME NOW TO CHECK WEATHER WITH METEOROLOGIST  MIKE HOFFMAN CHECKING OUT YOUR WIND SPEED NAT EARLIER IN THE  SHOW. AND I HEARD SOME VIEWERS IN THE TEXAS PANHANDLE  AROUND LIKE DALHART WERE TELLING ME LAST WEEK THAT WE WERE SO  BAD THAT THAT'S WHAT STARTED A LOT OF THE FIRES IN THEIR AREA. AND SO  THEY'RE BRACING FOR A POSSIBLE ANOTHER ROUND THIS WEEK WITH ALL  THIS WAY. YEAH BECAUSE EACH OF THESE SYSTEMS KIND OF COME IN  THE SAME WAY A LOT OF THE MOISTURE IS THE NORTH OF THEM. BUT THE  WINDS AND THE FRONTS STILL COMING THROUGH THOSE AREAS YOU CAN  SEE THAT ON THE ROOT ZONE MOISTURE AS WELL. IT'S DRY FROM THE  PANHANDLE OF TEXAS ALL THE WAY DOWN INTO THE BIG BEND AREA  AND BACK THROUGHOUT THE FOUR CORNER REGION. IT'S IMPROVED A LITTLE  BIT IN CALIFORNIA AND YOU'VE GOT MORE MOISTURE SENSORS ROOTS ON  MOISTURE WAS ACTUALLY CALCULATED YESTERDAY. SO THINGS ARE  LOOKING A LITTLE BIT BETTER IN THOSE AREAS ALTHOUGH YOU'RE PROBABLY  GOING TO GET TOO MUCH RAIN WHICH HAPPENS A LOT IN CALIFORNIA OVER  A SHORT PERIOD OF TIME. KIND OF WET OHIO AND TENNESSEE VALLEYS  TOWARD THE GULF COAST. AS YOU CAN SEE THEY'RE NOW TAKING A LOOK  AT THE WEATHER MAP. WE HAVE THIS BIG STORM IN THE NORTHEAST  GOING TO BE ENDING TODAY BUT IT'S STILL SNOWING LIKE CRAZY PARTS OF  NEW ENGLAND. AND YOU CAN SEE THIS DOUBLE BARREL STORM COMING  IN OUT WEST HEADING THROUGH THE DAY TODAY MIDDLE OF THE COUNTRY.  NICE AND DRY ALTHOUGH LIKE WE POINTED OUT IT'S GOING TO BE FAIRLY  WINDY LOTS OF THESE ARE SOUTHERLY WINDS ACROSS THE PLAINS STATES  HEADING INTO THE DAY TOMORROW THE NORTH NOR EASTERN. FINALLY OFF  TO THE EAST OF NEW ENGLAND. AND YOU CAN SEE THESE TWO STORM  SYSTEMS COMING THROUGH THE MIDDLE OF THE ROCKIES. WARM FRONT  OUT AHEAD OF IT WILL CAUSE A LITTLE BIT OF RAIN AND EVENTUALLY SNOW  FARTHER NORTH AND YET ANOTHER SYSTEM DIVING INTO THE AREAS JUST  OFF WASHINGTON OREGON AND CALIFORNIA STARTING TO PRODUCE SOME  MORE RAIN AND MOUNTAIN SNOWS BY LATER IN THE DAY TOMORROW.  TAKE A LOOK AT PRECIPITATION ESTIMATE PAST 24 HOURS. WE'VE STILL  SEEN SOME PRETTY HEAVY AMOUNTS. MOST OF THAT SNOW OBVIOUSLY  IN THE NORTHEAST ESPECIALLY ALONG THE COAST AND A WHOLE BUNCH IN  CENTRAL AND NORTHERN CALIFORNIA AND WE'RE GOING TO ADD SOME  MORE IN CALIFORNIA. BUT THEN IT DRIES OUT FOR 24 HOURS PERHAPS  BEFORE THE NEXT SYSTEM COMES IN. BUT THERE ARE SOME PRETTY  DECENT AMOUNTS REALLY IN BOTH OF THOSE SYSTEMS. MOST OF US LIKE I  SAID IN NEW ENGLAND HAS BEEN SNOW. WE'RE GOING TO SEE A LITTLE  BIT MORE BEFORE THAT MOVES AWAY. AND WE'RE GOING TO SEE A  WHOLE BUNCH MORE AND SOME OF THE HIGHER ELEVATIONS OF THE  CENTRAL AND NORTHERN ROCKIES. TAKE A LOOK AT TEMPERATURES THIS  AFTERNOON 70S AND 80S INTO TEXAS AND PARTS OF OKLAHOMA ONLY  40S ALL THE WAY DOWN INTO THE OHIO AND TENNESSEE RIVER  VALLEYS. TAKING A LOOK AT LOW TEMPERATURES TOMORROW MORNING  TEENS IN THE NORTHERN GREAT LAKES 30S ALL THE WAY DOWN IN THE  NORTHERN GEORGIA. SO THAT'S SOME PRETTY CHILLY AIR AND WE WARM  THINGS UP EVEN A LITTLE BIT MORE IN THE FAR SOUTH WESTERN PLAINS  STATES THERE THE REST OF THE COUNTRY KIND OF ON THE CHILLY SIDE  BECAUSE OF THESE TWO TROUGHS YOU CAN SEE THE NORTHEASTERN  WIND FINALLY MOVING AWAY RIDGE TRIES TO COME EAST TO WARM IT UP  TEMPORARILY BUT THEN THIS WHOLE SYSTEM JUST KIND OF BOWLING BALLS  OFF TO THE EAST AND THAT'S KIND OF INTERESTING WITH THAT CUTOFF WILLS  HAVE TO SEE HOW THAT AFFECTS THINGS AS WE HEAD THROUGH NEXT  WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT  SOME LOCAL FORECASTS FIRST OF ALL MEDFORD OREGON. COOLER WITH A  IT OF RAIN AT TIMES HIGH TEMPERATURE OF 49 DEGREES. ENID  OKLAHOMA A MIXTURE OF SUNSHINE AND CLOUDS AND BREEZY. HIGH OF  77 IN HUNTINGTON WEST VIRGINIA PARTLY SUNNY ON THE CHILLY SIDE.  HIGH AROUND 460>

TEASE
STILL TO COME, WHY THE LARGEST FAST-FOOD CHAIN  IN THE WORLD IS GOING GREEN.  AND THE SOUNDS OF BLUEGRASS RESONATE FROM THE  MOUNTAINS OF TENNESSEE. AND WHEN WE SAY "FROM"  THE MOUNTAINS, IT'S MORE LIKE UNDERNEATH. WE'LL  EXPLAIN LATER ON AGDAY.

DROVERS TV
THE WORLD'S LARGEST FAST FOOD CHAIN IS NOT ONLY  WORKING TO SUSTAINABLY SOURCE FOOD, BUT NOW  MAKING A MAJOR COMMITTMENT TO TRIM GREENHOUSE  GAS EMISSIONS... AND THAT INCLUDES ON THE FARM.  MCDONALD'S ANNOUNCING PLANS TO TO PARTNER  WITH FRANCHISEES AND SUPPLIERS IN HOPES OF  REDUCING GREENHOUSE GAS EMISSIONS BY 36  PERCENT. IT'S HOPING TO MEET THAT GOAL BY 2030. IT ESTIMATES THAT WOULD CUT 150 MILLION METRIC  TONS OF GREENHOUSE GASES.  THAT'S THE EQUIVALENT OF TAKING 32 MILLION  PASSENGER CARS OFF THE ROAD FOR AN ENTIRE YEAR. MCONDALDS SAYS SUSTAINABILITY IS MORE THAN JUST  HAVING ACCESS TO FOOD FOR HTE LONG-TERM. IT'S  ENGAGING THE ENTIRE FOOD CHAIN. AND THAT STARTS  ON THE FARM.  <WHEN WE TALK ABOUT AGRICULTRE, AND WE LOOK AT MCDONALD'S  ENVRIONEMTNAL AND SOCIAL IMPACTS AND RISKS, WE KNOW THAT HTE  BIGGEST IMPACTS AND RISKS HAPPEN IN AGRICULTE. THAT'S NOT  NECESSAIRLY A BAD THING, THAT'S THE REALITY. BUT ALONG WITH THOSE  IMPACTS AND RISKS, THOSE ARE ALSO OPPORTUNITES TOO AND  AGRICULTURE AND THE THINGS THAT AGRICULTURE CAN DO TO IMPROVE  WATER QUALITY TO IMPROVE CARBON STORAGE IN SOILS, THOSE ARE  TREMENDOUS OPPORTUNITES THERE AND FARMERS AND RANCHERS ARE  REALLY LEADING HTE WAY ON THOSE TOPCS> BAILEY SAYS FAREMRS ARE ALREADY MAKING GREAT  STRIDES-.  NOW IT'S KEY TO BE ABLE TO NOT ONLY COLLECT THE  DATA, MEASURE WHAT FARMERS ARE DOING IN ORDER  TO VALIDATE THAT WORK AND THOSE IMJPROVEMENTS  TO CUSTOMERS WHO ARE CURIOUS ABOUT WHERE  THEIR FOOD COMES FROM  ACCORDING TO DROVERS EDITOR GREG HENDERSON  SOME OF THESE SUSTAINABILITY PRACTICES HAVE  BEEN IMPLEMENTED AS PART OF A PILOT PROGRAM  DRIVEN BY CARGILL-CANADA. AFTER THREE MONTHS IN OPERATION, THE COMPANY  SAYS THE RESULTS ARE ENCOURAGING. THE SYSTEM  TRACKS BEEF PRODUCTS FROM CARCASS TO THE MEAT  COUNTER. CARGILL SAYS THE MODEL WORKS AND  DEMONSTRATES SIGNIFICANT POTENTIAL TO SCALE THE  PROGRAM TO DELIVER A GREATER VOLUME OF  <  "THIS FRAMEWORK, THE FIRST OF ITS KIND IN THE  WORLD, IS A VOLUNTARY PROGRAM THAT ENABLES  CATTLE PRODUCERS AND BEEF PROCESSORS TO  DEMONSTRATE THE SUSTAINABILITY OF THEIR  OPERATIONS WHILE ALSO SUPPORTING THE RETAIL AND  FOOD SERVICE INDUSTRIES."> CARGILL SAYS BY COUPLING LIVE CATTLE AND BEEF  PRODUCT TRACEABILITY, CARGILL'S CANADIAN  PRODUCERS CAN DEMONSTRATE THE SUSTAINABILITY  OF THEIR ENTIRE SUPPLY CHAIN. THOSE CANADIAN RANCHERS EARN 10-DOLLARS A HEAD  FOR CATTLE MEETING THE CRITERIA. THE PILOT PROGRAM CERTIFIED MORE THAN 550- THOUSAND POUNDS OF BEEF FROM ABOUT 70 CATTLE  RANCHERS. AS CONGRESS WORKS TO PASS A LAST MINUTE  OMNIBUS SPENDING BILL BEFORE TIME RUNS OUT,  LIVESTOCK PRODUCERS ARE STILL WAITING TO REAP  THE BENEFITS FROM ENHANCED DISASTER RELEIF  PASSED IN THE LAST BUDGET ACT. LEGISLATORS PUSHED THROUGH DISASTER AID..  ADHOC DISASTER AID THAT WILL BENEFIT THOSE  IMPACTED FROM EVENTS LIKE THE SEVERE  HURRICANES AND WILDFIRES LAST YEAR.  FARM SERVICE AGENCY SAYS THE GOVERNMENT IS  NOW ABLE TO PROVIDE MORE ASSISTANCE TO THOSE LIVESTOCK PRODUCERS DEALING WITH LOSS,  INCLUDING A MORE ROBUST AID PROGRAM. THAT INCLUDES REMOVING THE 125 THOUSAND DOLLAR  PAYMENT LIMIATION ON LIVESTOCK DEATH LOSSES.  IT ALSO EXTENDS ASSITANCE TO LIVESTOCK THAT  WERE FORCED TO BE SOLD AFTER THE DISASTERS HIT.  <IT  PROVIDES ASSITANCE TO THOSE SITUATIONS WHERE AN  ANIMAL MAY HAV EBENE DAMAGED AS A RESULT OF NATURAL DIASTER,  MEANIGN THAT IT WASN'T PRODUCTIVE ANY LONGER, SO THE PRODUCER  HAD TO SELL IT AT MARKET, BUT SELL IT AT A REDUCED PRICE, IT DIDN'T DIE  SO IT DIDN'T QUALITY, BU TNOW UNDER THIS BIPARTISAN BUDGET ACT, TEH  LANGUAGE CHANGED TO ALLOW US TO INCLUDE THOSE ANIMALS THAT  WERE HARMED AS A RESULT OF HTE NATURAL DISASTER AND SOLD FOR A  REDUCED PRICE, SO IT ACTUALLY PRIVDES BETTER ASSITSNCE UDNER THE  PROGRAM> PETERSON SAYS THE AGENCY IS STILL WORKING ON  THE DETAILS, BUT SAYS THE BENEIFTS ARE  RETROACTIVE TO JANUARY FIRST, 2017. SO FSA IS WORKING TO MAKE IT WHERE PRODUCERS  WHO ALREADY REPORTED LIVESTOCK DEATHS DON'T  HAVE TO REAPPLY FOR THE PAYMENT LIMINATION CAP  TO BE LIFTED.  BUT HE SAYS WHEN IT COMES TO REDUCED SALE  ANIMALS, THOSE HAVEN'T BEEN REPORTED IN THE  PAST. SO HE SUGGESTS PRODUCERS START PULLING  THOSE SALE RECORDS TOGETHER NOW.

TEASE
IF YOU'RE NOT CLAUSTROPHIC, YOU MAY ENJOY OUR  NEXT STORY. WE'RE HEADED IN THE COUNTRY....AND  INTO THE CAVES OF TENNESSEE.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS,  UTILILTY VEHICLES, MOWERS AND MORE.  VISIT KUBOTA.COM TODAY. ) THERE'S PLENTY OF HISTORY IN TENNESSEE'S MUSIC  SCENE BUT NONE DATES BACK AS FAR AS A COUPLE OF  CONCERT VENUES IN THE APPALACHIAN MOUNTAINS.. THAT'S BECAUSE THE VENUES ARE UNDERGROUND  CAVES. WORK IS NOW UNDERWAY AT A CONCERT VENUE  CALLED "THE CAVERNS". IT'S ABOUT AN HOUR  SOUTHEAST OF NASHVILLE. ONCERT PRODUCER TODD MAYO PROMISES A  PERFORMANCE LIKE YOU'VE NEVER SEEN BEFORE. IT'S NOT JUST ABOUT THE BLUEGRASS MUSIC BUT THE  AURA OF THE NATURAL BEAUTY. "THIS IS NOT A SET. THIS IS NOT A DEAD  CAVE. IT'S A LIVE CAVE AND IT'S A WONDERFUL ECOSYSTEM. SO THE  CHALLENGE FOR US HAS BEEN TO SORT OF PRESERVE ALL THE NATURAL  ELEMENTS WHILE DOING WHAT WE WANT TO DO."> MAYO GOT HIS START AT ANOTHER UNDERGROUND  VENUE CALLED 'CUMBERLAND CAVES'. IT'S ABOUT 40  MILES AWAY IN THE TOWN OF MCMINNVILLE.. . THAT CONCERT HALL CAN ACCOMMODATE ABOUT 700  PEOPLE WHO HIKE DOWN INTO IT. ONE OF ITS MAIN  FEATURES IS A GIANT ANTIQUE CHANDELIER THAT ONCE  HUNG IN A NEW YORK CITY THEATER. .BY THE WAY, THERE IS INDOOR PLUMBING.

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 HAVE A  GREAT DAY.  

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