AgDay Daily Recap -March 27, 2017

March 27, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MARCH 27, 2017


HEADLINES
WASHINGTON PREPARES FOR ANOTHER BUSY  WEEK...PLUS I'M MICHELLE ROOK. AS FARMERS HEAD INTO A NEW CROP SEASON  WHAT IS THE ECONOMIC OUTLOOK AND WHAT ARE THEY DOING TO TRY TO MAKE  A PROFIT? I'LL HAVE DETAILS TODAY ON AGDAY. IN AGRIBUSINESS... CORN  FUTURES. MACHINERY PETE LOOKS AT SOME UNIQUE INTERNATIONAL TRACTORS AND THE  PRICES THEY BROUGHT AT AUCTION. AND THESE TENNESSEE KIDS ARE JOINING A  LONG LINE OF 4-H KIDS GIVING THEIR TIME TO HELP OTHERS IN THE COMMUNITY.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

PERDUE AND THE FARM BILL
GOOD MORNING I'M CLINTON GRIFFITHS. WASHINGTON STARTING FRESH AFTER LAST WEEK'S WHIRLWIND OF NEWS AND  ACTIVITY. CAPITOL HILL ALSO DEALING WITH SOME KEY NOMINATIONS FOR AGRICULTURE.  A VOTE ON SUPREME COURT NOMINEE NEAL GORSUCH...COULD HAPPEN AS  EARLY AS THIS WEEK. SONNY PERDUE HAD HIS CONFIRMATION HEARING IN FRONT OF THE SENATE AG  COMMITTEE ON THURSDAY. HOWEVER, IT ENDED WITHOUT A VOTE...AND AS OF FRIDAY ONE WAS YET TO BE  SCHEDULED. ONCE PERDUE IS APPROVED HE'LL BEGIN HEADING UP PLANS FOR A NEW FARM BILL FROM HIS SEAT AT USDA BUT THE PROCESS IS ALREADY UNDERWAY IN CONGRESS. SEVERAL HEARINGS HAVE TAKEN PLACE...AND LAWMAKES TELL OUR CORPORATE  PARTNERS AT AGRITALK THEY HOPE TO FINISH THE LEGISLATION BY NEXT YEAR  AND POSSIBLY SCHEDULE A VOTE DURING THE LAME DUCK SESSION IN  NOVEMBER AND DECEMBER OF 2018. "ONE OF THE BUZZ WORDS YOU ALWAYS HERE IN A FARM BILL IS COUNTER  CYCLICAL OBVIOUSLY A FARM BILL IS WRITTEN SO THAT YOU CAN CREATE SOME  LEVEL OF SUPPORT IN A DOWNTURN AND THEN EASE OFF THE GAS A LITTLE BIT  IN AN UPTURN I MEAN IT JUST MAKES SENSE. BUT IT'S DIFFICULT TO WRITE A  FARM BILL THAT'S DESIGNED TO HELP PEOPLE IN BAD TIMES WHEN YOU'RE IN  GOOD TIMES. NOW HERE WE ARE IN BAD TIMES BAD FARM ECONOMY A 50  PERCENT DECLINE IN FARM INCOME THE LAST 3 YEARS MY GOODNESS HOW TO  WE FIX THAT. THERE'S GOING TO BE AN EMOTIONAL ELEMENT TO THIS AS WELL AS JUST THE NUMBERS." AGRICULTURE SUBCOMMITTEES ARE CONDUCTING HEARINGS ON A WIDE SCOPE  OF FARM BILL RELATED TOPICS. LAST WEEK LIVESTOCK GROUPS TESTIFIED ON THE NEED FOR A NATIONAL FOOT- AND MOUTH-DISEASE VACCINE BANK. THE NATIONAL PORK PRODUCERS COUNCIL SAYS THAT ONE ISSUE IS THE TOP  PRIORITY FOR THEM IN THE NEXT FARM BILL. LIVESTOCK GROUPS WARN IF F-M-D WERE TO HIT THE U-S, IT WOULD DEVASTATE  THE ECONOMY.  IF THIS COUNTRY EVER HAD AN FMD OUTBREAK IT NOT ONLY COULD DEVASTATE  MY FARM AND THE WHOLE LIVESTOCK INDUSTRY BUT THE ENTIRE U.S. ECONOMY  AN  IOWA STATE UNIVERSITY STUDY ESTIMATED THAT AN OUTBREAK WHICH  WOULD IMMEDIATELY SHUT OFF OUR MEAT EXPORTS WOULD COST THE U.S.  PORK BEEF CORN AND SOYBEAN SECTORS 200 BILLION OVER 10 YEARS.  NPPC WANTS THE FARM BILL TO DIRECT THE U.S. DEPARTMENT OF AGRICULTURE  TO CONTRACT WITH AN OFFSHORE, VENDOR TO MAINTAIN A VACCINE BANK. THAT  REPOSITORY WOULD PROTECT AGAINST 23 OF THE MOST COMMON FMD TYPES. THEY WANT 10 MILLION DOES ON HAND. BUT HAVE THE ABILITY TO IMMEDIATELY  RAMP-UP PRODUCTION FOR AT LEAST 40 MILLION DOSES. THE MONTHLY CATTLE ON FEED REPORT SHOWING A SLIGHT TICK HIGHER. THE  AG DEPARTMENT SAYS THE TOTAL INVENTORY OF CATTLE AND CALVES ON FEED  IS 10-POINT-EIGHT MILLION HEAD.  PLACEMENTS TOTALLED ONE-POINT-SEVEN MILLION, ONE PERCENT LOWER THAN  A YEAR AGO. MARKETINGS – ONE POINT-SIX MILLION, FOUR PERCENT AHEAD OF LAST MARCH.

FARM INCOME CHALLENGES
AS YOU HEARD, FARM INCOME IS LIKELY TO BE A CHALLENGE IN 2017. USDA PREDICTS FARM INCOME DECLINING ANOTHER 8-POINT-7-PERCENT IN 2017  TO JUST OVER 62 (62.3) BILLION DOLLARS. THIS WOULD BE THE FOURTH CONSECUTIVE YEAR OF DECLINES AND  REPRESENTS A 46-PERCENT DROP FROM THE RECORD HIGH IN 2013.  HOWEVER, WITH DEMAND PICKING UP AND IMPROVEMENTS IN THE GENERAL  ECONOMY FARMERS ARE STARTING TO SEE THE LIGHT AT THE END OF THE  TUNNEL.AGDAY'S MICHELLE ROOK HAS THE OUTLOOK. IT'S BEEN A TOUGH ECONOMIC CYCLE IN AGRICULTURE AND 2017 MAY HOLD MORE OF THE SAME,  DESPITE A MORE UPBEAT MOOD AMONG FARMERS AFTER GOOD YIELDS LAST FALL. "JUST GETTING THROUGH THE LAST TWO YEARS HAS GIVEN SOME FARMERS SOME CONFIDENCE, BUT THE OUTLOOK IS STILL PRETTY CHALLENGING AS WE  LOOK AT 17." NATHAN KAUFFMAN WITH THE FEDERAL RESERVE BANK OF KANSAS CITY SAYS THERE ARE SOME BRIGHT  SPOTS INCLUDING SOYBEAN PRICES WHICH ARE ABOVE BREAKEVEN AND A LITTLE RELIEF ON EXPENSES. "THERE HAS BEEN A DECLINE IN INPUT COSTS AS WELL. CERTAINLY WE'RE SEEING LOWER FERTILIZER COSTS, CASH RENTS HAVE COME DOWN  A LITTLE BIT, NOT A LOT, SEED COSTS MAY BE A BIT LOWER." HISTORICALLY, HE SAYS THE DOWNTURN IS NOWHERE NEAR THE CRISIS OF THE 80S, BUT IS HAS BEEN A  REAL ADJUSTMENT."THE DOWN TURN HAS BEEN SIGNIFICANT, BUT IT'S BEEN GRADUAL AND I THINK THAT A LOT OF  PRODUCERS ARE JUST LOOKING AT HOW TO GET THROUGH THIS PERIOD OF TRANSITION."  FARMERS REACTED TO THE RECENT ECONOMIC DOWNTURN BY FIRST CUTTING  BACK ON DISCRETIONARY SPENDING LIKE MACHINERY, BUT NOW AS THAT ECONOMIC CYCLE CONTINUES  THEY'RE HAVING TO MANAGE DOWN TO EVERY ACRE.  "FARMERS AREN'T BUYING ANYTHING THAT'S ONE WAY THEY'VE BEEN ABLE TO REDUCE THEIR COSTS. ANOTHER IS THEY'RE LOOKING AT  LOWER PRICED SEED, MAYBE NOT BUYING ALL OF THE TRAITS THAT THEY WANT." 10 SEC "ONE THING WE'VE DONE IS WE'VE REALLY SHARPENED  OUR PENCIL. WE PROBABLY KNOW OUR NUMBERS INSIDE AND OUT BETTER THAN WE EVER HAVE IN OUR  OPERATION. "THEY'RE ALSO WATCHING FIXED COSTS WITH THE RECENT INCREASE IN INTEREST RATES AND MORE ON THE  WAY."THAT TAKES ONE BIG RISK OFF THE TABLE FOR MANY FARMING OPERATIONS IF THEY CAN LOCK  THAT INTEREST RATE IN AT TODAY'S RATES." AND ECONOMIST MICHAEL SWANSON SAYS THAT COMBINED WITH GOOD MARKETING IS THE KEY TO  SURVIVING THIS CYCLE. "I THINK THE EXIT FOR THIS PART OF THE  CYCLE IS THROUGH INPUT PRICING AND CASH RENTS, WHICH IS A SLOW AND PAINFUL PROCESS. DON'T  EXPECT $5 CORN AND $14 BEANS TO BAIL YOU OUT OF THIS CYCLE." I'M MICHELLE ROOK REPORTING FOR AGDAY.

KEYSTONE XL PIPELING CONSTRUCTION
THE ECONOMY IN SEVERAL NORTHERN STATES COULD SEE A BOOST ONCE  CONSTRUCTION BEGINS ON THE KEYSTONE X-L PIPELINE. AS WE FIRST REPORTED FRIDAY, THE TRUMP ADMINISTRATION HAS GIVEN THE  GREENLIGHT FOR THE CANADIAN-BASED PIPELINE TO PROCEED. TRANSCANADA SAYS THE CONSTRUCTION JOB WILL PROVIDE THOUSANDS OF  TEMPORARY CONSTRUCTION JOBS WHILE THE PROJECT IS UNDERWAY. THE K-X-L WILL RUN FROM ALBERTA TO STEELE CITY, NEBRASKA. IT THEN HOOKS- UP WITH AN EXISTING PIPELINE DOWN TO THE TEXAS COAST.

CROP COMMENTS
PLANTERS ARE ROLLING THROUGH-OUT THE SOUTH. MIKE HOFFMAN TAKES US  TO THE MIDSOUTH IN THIS MORNING'S CROP COMMENTS. GOOD MORNING MIKE. GOOD MORNING CLINTON.FARMERS ARE HITTING IT HARD ACROSS THE SOUTH. MICHAEL EAST FROM  CLARKEDALE, ARKANSAS SHARED A PHOTO OF HIS FIELD WORK. HE'LL BE  PUTTING IN COTTON, CORN, RICE AND SOYBEANS.  MICHAEL SAYS THE FARM IS  ACROSS THE MISSISSIPPI RIVER FROM MEMPHIS. AND THE SOIL CONDITIONS ARE  GREAT. AND ABOUT FOUR HOURS DUE SOUTH IS COPIAH <COE-PIE-UH>COUNTY,  MISSISSIPPI.H-BRYON CARTER SHARED HIS RECENT ADDITION TO THE FARM.  OBVIOUSLY  SHE'S NOT TOO SHY. THIS CALF IS 50-PERCENT LOW-LINE ANGUS. MISTER CARTER SAYS SHE CAME  OUT BIG, BUT CALVING WAS STILL EASY. THANKS FOR SHARING THE PHOTOS. ..AND NOW HERE ARE SOME HOMETOWN TEMPS. HERE'S THE SECRET TO SELLING OLD EQUIPMENT. PETE'S PICK OF THE WEEK  LETS YOU EASILY VIEW CURRENT MARKET PRICES. JUST TEXT PETE TO 31313 TO  GET STARTED!

TEASE
NEXT IN AGRIBUSINESS, FIND OUT WHY ONE OF OUR ANALYSTS THINKS CORN  MARKET MIGHT BE READY FOR A RUN. AND LATER...WE VISIT A 4H CLUB WITH A HISTORY OF HELPING OTHERS IN  TENNESSEE. PLUS, MACHINERY PETE IS HERE. STAY TUNED FOLKS COMING UP I'LL TELL YOU ABOUT A PAIR OF INTERNATIONAL  TRACTORS THAT SET A RECORD AUCTION PRICES LAST WEEK. ) GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY.

FLOOR OF THE CME
IN AGRIBUSINESS SOYBEANS TOOK A BEATING TO END THE WEEK. LETS SEE HOW MARKETS CLOSED ON FRIDAY--DETAILS FROM THE FLOOR OF THE  CME.A BIT OF A MIXED DAY HERE TODAY WITH SOY COMPLEX TAKING IT ON THE CHIN AND MOVING LOWER, ESPECIALLY THE SOYBEANS. CORN ON BOTH SIDES OF UNCHANGED, BUT MOSTLY A BIT LOWER. WHEAT MIXED TO MOSTLY HIGHER ESPECIALLY HERE IN CHICAGO. FUNDAMENTALLY NOBODY EXPECTING TOO MUCH OUT OF SOY COMPLEX THESE DAYS WITH BIG PRODUCTION BEING HARVESTED RIGHT NOW IN BRAZIL AND STARTING IN ARGENTINA. AND THE SPECTER OF A BIG PRODUCTION YEAR HERE IN THE U.S. NO ONE REALLY LOOKING FOR UPSIDE FOR PRICES. IN FACT, REALLY STARTING TO HEAR 'HOW LOW IS LOW'. HOW LOW CAN THESE PRICES DO ONCE WE START AND SEE WE GOT A GOOD U.S. CROP HERE. CORN ON THE OTHER HAND REALLY HAD NOTHING TOO GOOD FOR ITSELF TODAY. LIGHT INTEREST IN TRADING THE CORN MARKET HERE. REALLY NO NEWS,. NO DEMAND NEWS AND NOTHING REALLY NEW ABOUT THE SUPPLY OVER THERE EITHER. THANKS VERY MUCH.THIS IS JACK SCOVILLE I'M VP OF PRICE FUTURES GROUP HERE ON THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKET TODAY.

AGRIBUSINESS
SUE MARTIN WITH AG AND INVESTMENT SERVICES OUR GUEST HERE ARE THEAGRIBUSINESS DESK TODAY SUE LET'S TALK ABOUT CORN AND CORN PRICES  AND YOU'RE WATCHING SOME FUTURES THINGS WELL WHEN I LOOK AT  DECEMBER CORN WE MADE HIGHER HIGHS IN JANUARY AND WE MADE HIGHER  HIGHS IN FEBRUARY IN HISTORY GOING BACK TO 1969 WE HAVE HAD IT DOESN'T  HAPPEN VERY OFTEN BUT WE'VE HAD 19 OTHER YEARS THAT THIS HAS  OCCURRED LIKE THIS YEAR IN THOSE 19 YEARS 18 OF THEM WENT ON TO SEE  HIGHER HIGHS AGAIN ON NEW CROP CORN ONLY ONE THAT DID NOT AND OF THE  YEARS THAT DID IT WASN'T UNCOMMON TO SEE A BREAK IN THE CORN PRICE  RIGHT NOW INTO APRIL AND THEN RESUME IN MAY SO I DON'T THINK WE GET  DISCOURAGED AND IN THE LAST 10 YEARS WE'VE TOUCHED 4.20 EVERY YEAR ON  DECEMBER FUTURES SO WHEN I LOOK AT DECEMBER CORN I THINK WE'VE PUT IN  OUR LOW IN LAST YEAR ON CORN WE GOT DOWN TO WHAT WAS IT 3.08 AND SO I  THINK CORN HAS STRUCK THE LOW THAT'S NOT SAYING YOU CAN'T COME BACK  BECAUSE WHEN LAST YEARS DEC CORN WENT OFF THE BOARD AND THIS YEARS  DEC CORN CAME ON THAT SAME CHART YOU'RE IN YOU'RE OUT NOTHING BUT A  DECEMBER CORN CONTRACT YOU HAVE A GAP A BIG GAP DOWN TO ABOUT 3.57  SO THE MARKET CAN COME DOWN AND TRY TO FILL IN SOME OF THAT GAP  DOESN'T HAVE TO FILL IT ALL BUT I JUST THINK PRODUCERS IF YOU'RE LOOKING  TO BE MARKETING THESE AREN'T SUPER SPECIAL TIMES TO BE MARKETING  THERE'S NO WAY I WOULDN'T WITH WOODEN NICKELS I WOULD NOT BE  MARKETING GRAIN THIS YEAR I WOULD SAVE EVERYTHING I COULD WITH OLD  CROP THAT I'M SELLING I WOULD HAVE RE OWNERSHIP BACK BUY A THROUGH  OPTION OR SOME STRATEGY AND YOU'RE BROKERS CAN HELP YOU WITH THAT  BUT I WOULD HAVE RE OWNERSHIP IN THE DECEMBER OF THIS YEAR AND OUT  INTO JULY OF NEXT YEAR AND END USERS NEED TO LOOK AT THAT TOO ALRIGHT WELL SOMETHING TO WATCH A STRATEGY PERHAPS AS WE GO THROUGH 2017  EXACTLY ALRIGHT APPRECIATE SUE THANK YOU SO MUCH WE'LL BE BACK WITH  MORE AGDAY IN JUST A MINUTE. TALK MARKETS ONE ON ONE WITH SUE MARTIN. CALL AG AND INVESTMENT  SERVICES TOLL FREE AT 1-800-527-0051. OR VISIT HER WEBSITE - WWW.FUTURESCASHINFO.COM.

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN MIKE WITH A RAINFALL OF LAST WEEK. NOT A  LOT ON THIS MAP RIGHT WE'RE EXPECTING MORE. MAYBE THIS DOES LOOK LIKE A WETTER WEEK. THEN  WE'VE SEEN OVER THE PAST COUPLE WEEKS NO QUESTION ABOUT THAT YOU CAN SEE A FEW POCKETS OR STRIPS OF MOISTURE WITH A HALF INCH TO ONE INCH ACROSS PARTS OF  THE SOUTHEAST PART OF THE OHIO RIVER VALLEY HERE AND THERE ACROSS THE PLAINS BUT A ESPECIALLY OUT WEST. WE CONTINUE TO SEE SOME OF THOSE AREAS IS GETTING MORE AND MORE  MOISTURE THE A AMOUNTS OF RAIN IN CALIFORNIA 'S NORTHERN SECTIONSHAVE BEEN AMAZING SO FAR  SINCE THE FIRST OF THE YEAR AND  CONTINUE TO SEE IT UP IN WESTERN WASHINGTON WESTERN OREGON AS WELL NOW THE JET STREAM  AS WE HEAD INTO THIS WEEK YOU CAN SEE MULTIPLE RIPPLES IS A BASICALLY IS COMING FROM WEST TO  EAST. SO IF YOU DON'T GET THAT BIG DRY COLD AIR MASS COMING SOUTHWARD LIKE WE SAW PART OF THIS LAST WEEK. THEN YOU SHOULD GET MORE MOISTURE OUT OF IT AND ANY TIME  YOU GET A CUT OFF LOW LIKE THIS IT 'S SLOWLY BOWLING BALLS EASTWARD ASKING THEM PULL UP A TON OF  GULF MOISTURE AND EVEN PICK UP SOME PACIFIC MOISTURE BEFORE COMES EAST. SO WE DO EXPECT  THESE AH THESE SYSTEMS COMING EASTWARD THIS WEEK. TO BE FAIRLY SIGNIFICANT AS FAR AS RAINFALL AND A IN A FEW SPOTS HIGHER ELEVATIONS AND THE ROCKIES SNOWFALL AND YOU CAN SEE YET ANOTHER KIND A CUT OFF STARTING TO DEVELOP AS WE HEAD TOWARD  THE END OF THE WEEK AND THAT STARTS TO MOVE EASTWARD AS WELL. SO THIS REALLY DOES LOOK LIKE A  FAIRLY WET PERIOD. FOR NOT ONLY THE WEST COAST BUT ALSO THE MIDDLE OF THE COUNTRY BETWEEN THE MOUNTAIN RANGES  ANYWAY THAT 'S TAKE A LOOK AT TEMPERATURES THIS WEEK I'M GOING ABOUT NORMAL FOR THE  SOUTHEAST MID ATLANTIC DOWN IN EASTERN TEXAS ALL THE WAY INTO THE GREAT LAKES AND INTO THE  NORTHERN PLAINS AND ONE BELOW NORMAL ONLY FOR MAINE AND EASTERN PORTIONS OF CANADA. ANOTHER ABOVE NORMAL AREA EXPECTED FOR WESTERN NEVADA THROUGH MOST OF CALIFORNIA  PRECIPITATION THIS COMING WEEK THEN AGAIN WITH TWO SYSTEMS KIND OF COMING EASTWARD FROM  THE CONTINENTAL DIVIDE IN THE NEW MEXICO AND COLORADO EASTWARD ALL THE WAY TO THE EAST COAST AND ON UP THE NORTHEAST INCLUDING THE SOUTHERN GREAT LAKES OHIO VALLEY TENNESSEE VALLEY I'M  GOING ABOVE NORMAL IN THOSE AREAS. BELOW NORMAL ALONG THE CANADIAN BORDER IN NORTHWARD AT NEAR NORMAL OVER MOST OF FLORIDA  AND THEN ALSO AN ABOVE NORMAL AIR IN THE PACIFIC NORTHWEST WESTERN CANADA AS WELL AS SOME  ASSISTANCE CAN A DIVE THROUGH THAT AREA. A THIRTY DAY OUTLOOK FOR TEMPERATURES MOST OF TEXAS  EASTERN OKLAHOMA ALL THE WAY UP INTO THE GREAT LAKES DOWN INTO THE MID ATLANTIC IN THE SOUTHEAST EXPECTED TO BE ABOVE NORMAL BELOW NORMAL  TEMPERATURES OVER THE NEXT THIRTY DAYS FOR MAINE AND MUCH OF EASTERN CANADA AND ALSO FROM  CENTRAL CALIFORNIA NORTHWARD INTO THE NORTHWEST AND WESTERN CANADA AND EXPECTED TO BE  BELOW NORMAL PRECIPITATION OVER THE NEXT THIRTY DAYS. AND THIS IS ALWAYS A TOUGH CALL BUT I'M GOING ABOUT NORMAL FOR MOST OF THE CORN BELT AS YOU CAN SEE EXCEPT PERHAPS THE FAR  EASTERN SECTIONS THAT GOES ALL THE WAY DOWN INTO THE WESTERN GOLF THE ONLY BELOW NORMAL  AND PART OF THE COUNTRY THE REST OF THE COUNTRY SHOULD BE PRETTY CLOSE TO NORMAL. THAT 'S A LOOK  ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HAD THE PUEBLO  COLORADO FIRST OF ALL A MIXTURE OF SUN AND CLOUDS AND WARMER. HIGH UP TO SIXTY FIVE DEGREES  ROCK ISLAND ILLINOIS CLOUDY TIMES OF LIGHT RAIN HIGH OF SIXTY ONE AND VARIABLY CLOUDY IN FLORENCE SOUTH CAROLINA IT WILL BE WARM WITH A THUNDER SHOWER POSSIBLE  HIGH OF EIGHTY TWO.

TEASE
WHEN WE COME BACK MACHINERY PETE LOOKS AT SOME RECENT PRICES FOR  INTERNATIONAL 88'S. PLUS, HISTORY OF HELPING....I'M CHARLES DENNEY. A RUTHERFORD COUNTY TENNESSEE COMMUNITY HAS A  LONG HISTORY WITH 4H. THAT STORY FROM CRIPPLE CREEK COMING UP ON  AGDAY."

MACHINERY PETE
GREG SEES A BIT OF EVERYTHING AT AUCTIONS AROUND THE COUNTRY. TODAY, HE TELLS US ABOUT SOME RECENT HIGH PRICES ON INTERNATIONAL 88- MODEL TRACTORS. A PAIR OF INTERNATIONAL EIGHTY EIGHT SERIES TRACTOR SET NEW RECORD  HIGH AUCTION PRICES LAST WEEK. NOW HAS REALLY BEEN SURPRISED ME  FOLKS BECAUSE I HAVE BEEN SAYING IF THE TRACTOR IS A RARE MODEL AND IN  REALLY GOOD CONDITION THE BIDDING INTEREST IN THEM IS JUST OFF THE  CHARTS HERE 'S A PICTURE OF AN INTERNATIONAL THIRTY SIX EIGHTY EIGHT  SOLD ON AN AUCTION LAST SATURDAY MARCH EIGHTEENTH IN THE CENTRAL  WISCONSIN AND IT WAS A PROTOTYPE ONE ONE OF FIVE MADE AND IT SOLD FOR  TWENTY NINE THOUSAND FIVE HUNDRED DOLLARS. NEW HIGH AUCTION PRICE IN  THE PREVIOUS HIGH HAD SEEN WAS TWENTY THREE THOUSAND ON ANOTHER  WISCONSIN AUCTION BACK IN APRIL OF TWENTY FOUR TEAMS. NOW THREE DAYS  LATER ON AN AUCTION IN SOUTHWEST WISCONSIN THIS INTERNATIONAL SIXTY  THREE EIGHTY EIGHT SNOOPY OR ALLIGATOR ANT EATER. WE ALL HAVE FUN BUT  WE CALL THAT WAS BEAUTIFULLY RESTORED SIXTY THREE AT EIGHT POINT  THIRTY EIGHT HUNDRED TEN HOURS ON IT SOLD FOR THIRTY TWO THOUSAND  DOLLARS AND AGAIN RECORD HIGH AUCTION PRICE. NOW PREVIOUS I'D SEEN  WAS THIRTY THOUSAND THAT WAS SAID ACTUALLY JUST BACK IN JANUARY OF  SIXTEEN AT AN AUCTION IN CENTRAL INDIANA THAT WE FILMED FOR OUR  MACHINERY PETE TV SHOW. WELL FOLKS IF YOU'RE LOOKING FOR A TRACTOR  FOR THE RARE OR OTHERWISE FIRST PLACE YOU SHOULD ALWAYS GO.  MACHINERY. PETE DOT COM CHECK OUT OUR DEALER LISTINGS AND ALSO CLICK  ON UPCOMING AUCTIONS FOR A SEARCHABLE LIST OF PIECES UP FOR SALE ALL  OVER THE COUNTRY.

TEASE
THANKS GREG. UP NEXT--4-H-ERS WITH A LEGACY OF SERVICE, IN THE VOLUNTEER STATE.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN  MOWER AT KUBOTA.COM. 4-H HAS BEEN AROUND MORE THAN A CENTURY, AND 4-HERS TODAY ARE HAVING  A TREMENDOUS IMPACT THROUGH VOLUNTEER SERVICE.  4-H IS A LONG-TIME  TRADITION FOR ONE SMALL COMMUNITY, NESTLED ALONG A PICTURESQUE  CREEK IN CENTRAL TENNESSEE.  IN THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE,  CHARLES  DENNEY REPORTS ON A HISTORY OF HELPING OTHERS. DRAW, MEASURE AND CUT - DENIM DESTINED FOR OVERSEAS.THESE  RUTHERFORD COUNTY 4-HERS ARE VOLUNTEERING FOR SOLE HOPE, A CHARITY  THAT WORKS TO PREVENT FOOT DISEASES IN POOR COUNTRIES. THEY'RE  STARTING FOOTWEAR FROM ITEMS THEY'VE COLLECTED. (PERRY BAIRD) "WE'RE  BASICALLY CUTTING PATTERNS OUT OF JEANS AND WE'LL SEND THEM TO  SOMEBODY, AND THEY'LL USE THEM TO MAKE INTO SHOES FOR KIDS LIKE IN  AFRICA." IT'S ONE OF MANY SERVICE PROJECTS 4-HERS IN THE CRIPPLE CREEK  AREA DO THROUGHOUT THE YEAR.  4-HERS LEARN THAT NO MATTER YOUR AGE,  YOU CAN GIVE YOUR TIME, AND SOMEONE YOU MAY NEVER EVEN MEET WILL  STILL BENEFIT.(ZACHARY PEAY) "WELL, THERE IS A GREAT SAYING THAT YOU  CAN'T ALWAYS HELP EVERYONE, BUT EVERYONE CAN HELP SOMEONE. THAT  SORT OF PART OF THE THING WITH THE SERVICE PROJECT IS THAT YOU JUST  NEED TO HELP SOMEONE."(AMY WILLIS) "EACH PERSON CAN MAKE A DIFFERENCE  AND THAT'S REALLY WHAT WE TRY TO INSTILL INTO THE KIDS IS THAT EVEN THE  SMALLEST THING TO THEM CAN BE REALLY BIG FOR SOMEONE ELSE."(CHARLES  DENNEY) "WELL, THIS IS IT, THE PRETTY WATERWAY WHERE CRIPPLE CREEK  GETS ITS NAME. WE'RE ABOUT 20 MILES FROM DOWNTOWN MURFREESBORO.  BUT THIS AREA HAS NOT FORGOTTEN ITS AGRICULTURAL ROOTS. AND THAT  INCLUDES A LONG HISTORY OF 4-H." THIS CLOSE-KNIT COMMUNITY HAS NEARLY A  CENTURY-LONG CONNECTION WITH 4-H, INCLUDING LIVESTOCK CLUBS, AND A  GROUP OF TALENTED CLOGGERS WHO STARTED AS 4-HERS AND STILL PERFORM  TODAY. CARLA BUSH WITH UT EXTENSION LIVES ON CRIPPLE CREEK, AND WORKS  TO KEEP THE 4-H TRADITION GOING. (CARLA BUSH) "WE HAVE GENERATIONS OF  FAMILIES ON THE CREEK WHO HAVE PARTICIPATED IN THE BEEF PROJECT, THE  DAIRY PROJECT, PUBLIC SPEAKING, CITIZENSHIP, LEADERSHIP."THOSE OLDER  LEADERS, IN TURN, HAVE A POSITIVE IMPACT ON YOUNG PEOPLE HERE, WHERE 4- H TEACHES A LOT OF LESSONS.(STEVE CATES) "4-H SHAPED MY LIFE, AND I'M  SURE IT'S SHAPING THE LIVES OF THESE YOUNG PEOPLE, AND I'M HAPPY THAT 4- H HAS BEEN ABLE TO CHANGE AND DEVELOP AS TIME HAS CHANGED."TIME  FLOWS THROUGH THIS COMMUNITY LIKE THE GENTLE WATERS OF THE CREEK.  CRIPPLE CREEK 4-H IS STILL GOING STRONG TODAY, A STEADY STREAM OF GOOD  WILL AND VOLUNTEER WORK THAT'S BEEN GOING ON FOR YEARS, AND WILL CONTINUE FOR MANY MORE. THIS IS CHARLES DENNEY REPORTING.

CLOSE
THANKS CHARLES. 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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