AgDay Daily Recap -November 11, 2016

August 25, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 11, 2016


HEADLINES
COMING UP TODAY ON AGDAY-FRESH MARKS ON THE STATE OF THE FARM ECONOMY. A CLOSER LOOK AT TRUMP ON TRADE. IN AGRIBUSINESS...WILL THE FED RAISE RATES? THE BEST KEPT SECRET HAD BEEN OR THE WORST KEPT SECRET HAD BEEN THAT THE FED WOULD RAISE RATES IN DECEMBERKEN FERRIE SAYS ITS IMPORTANT NOT TO MISS YOUR NUTRIENT GOALS. AND REMEMBERING THE HERO'S OF WORLD WAR TWO WITH A NEW LOOK AT JUST HOW CLOSE THE BATTLE COULD HAVE BEEN. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

LACKLUSTER FARM ECONOMY
GOOD MORNING I'M CLINTON GRIFFITHS. HAPPY VETERANS DAY TO ALL OF THOSE MEN AND WOMEN WHO SERVED AND ARE SERVING IN THE MILITARY. WE APPRECIATE YOUR PATRIOTISM.  NOW...ONTO OUR TOP STORY WHICH IS THE LACKLUSTER FARM ECONOMY. THE FEDERAL RESERVE BANKS IN CHICAGO, KANSAS CITY AND ST LOUIS ALL RELEASING THE RESULTS OF THEIR QUARTERLY FARM ECONOMY SURVEYS. ONE BANKER FROM MISSOURI PROBABLY PUTS IT BEST -QUOTING NOW -"...CORN YIELDS ARE COMING IN EXCEPTIONALLY HIGH, WHICH WILL HELP EVERYONE PAY EXPENSES. HOWEVER, I THINK THERE WILL BE VERY LITTLE LEFT TO PURCHASE LAND, MACHINERY, AND OTHER EQUIPMENT." WE START IN THE KANSAS CITY DISTRICT - WHICH COVERS THE GREAT PLAINS. THE VALUE OF EACH TYPE OF FARMLAND -IRRIGATED, NON-IRRIGATED AND RANCHLAND -ALL FELL MORE THAN SIX PERCENT IN THE THIRD QUARTER, COMPARED TO A YEAR AGO. THE K-C FED SAYS THIS DECREASE WAS THE SHARPEST YEAR OVER YEAR REDUCTION IN THIS DISTRICT SINCE THE MID 1980'S. AND CASH RENTS ARE DOWN ABOUT TEN PERCENT FROM A YEAR AGO. THE MIDSOUTH REMAINS UNDER THE SAME FISCAL PRESSURE. BUT FARMLAND VALUES WERE NOT HIT AS HARD. THIS DISTRICT COVERS MISSISSIPPI ACROSS THE LOWER MIDWEST INTO ARKANSAS. THE ST LOUIS FED BANK SAYS QUALITY FARMLAND VALUES WERE UNCHANGED DURING THE THIRD QUARTER OF 2016, COMPARED WITH A YEAR AGO. AND RANCHLAND ACTUALLY GREW IN VALUE BY ABOUT ONE PERCENT. HOWEVER CROPLAND CASH RENTS DIPPED SIX PERCENT. AT THE CHICAGO FED - WHICH COVERS THE PRIMARY CORN GROWING STATES -DISTRICT-WIDE FARMLAND VALUES ARE OFF THREE PERCENT FROM A YEAR AGO. INDIANA AND WISCONSIN ACTUALLY SAW INCREASES. BUT THERE WERE DECREASES IN ILLINOIS, IOWA, AND MICHIGAN. MICHIGAN ALONE PLUMMETED ELEVEN PERCENT. THE BANKERS WHO RESPONDED EXPECT TO SEE WEAKER DEMAND TO ACQUIRE FARMLAND THIS FALL AND WINTER COMPARED WITH A YEAR AGO, PARTICULARLY AMONG FARMERS BUT ALSO AMONG NONFARM INVESTORS. USUALLY THE AG LENDING SEASON REALLY STARTS TO RAMP UP BETWEEN NOW HARVEST AND NEXT SPRING'S PLANTING. I WOULD ANTICIPATE PROBABLY THAT FIRST QUARTER OF 17, IF THERE ARE SOME CONCERNS WITH AG LENDERS, THEYR'E GOINGTO BE TALKING TO THEIR CUSTOMERS AND SAYING, MAYBE WE NEED TO CORRECT SOMETHING ON THE BLANACE SHEET AND YOU NEED TO SELL SOMETHING"

TRUMP PRESIDENCY AND TRADE
PRESIDENT OBAMAAND PRESIDENT ELECT DONALD TRUMP MEETING AT THE WHITE HOUSE FOR THE FIRST TIME THURSDAY. THE ECONOMY AND WITH IT TRADE--EXPECTED TO BE A MAJOR FOCUS FOR THE NEXT ADMINISTRATION. BETSY JIBBEN JOINS US WITH MORE. CLINTON, ON THURSDAY LEADERS IN BOTH CANADA AND MEXICO SAID THEY WOULD BE WILLING TO  SIT DOWN WITH PRESIDENT ELECT TRUMP TO RENEGOTIATE AND MODERNIZE THE NAFTA AGREEMENT. AND WHILE RURAL VOTERS HELPED DONALD TRUMP CLAIM VICTORY, THE AG INDUSTRY HOPES HE ALSO LISTENS TO THEIR CONCERNS ON TRADE. RURAL AMERICA HAS SPOKEN HELPING ELECT TRUMP AS PRESIDENT. "EVERYONE WANTS CHANGES RIGHT NOW. I'M ONE OF THEM," WHILE SOME IN THE AG INDUSTRY SAY IT'S A VICTORY AND A CHANCE TO MAKE A DIFFERENCE  -THEY ALSO ACKNOWLEDGE A BATTLE, ESPEICALLY ON POLICY. TRUMP SAYS IN HIS FIRST 100 DAYS IN OFFICE HE WANTS TO WITHDRAW FROM THE TRANS PACIFIC PARTNERSHIP. IT'S A DEAL THAT STILL NEEDS APPROVAL FROM CONGRESS. MANY AG GROUPS SUPPORT THE AGREEMENT WHILE TRUMP OPPOSES IT. "WE KNOW NAFTA WAS GOOD FOR AGRRICULTURE AND WE KNOW TPP IS GOOD FOR AGRICULTURE. WHAT GOOD IS IT GOING TO DO TO SAVE JOBS AND CREATE JOBS ELSEWHERE BUT DESTROY THEM IN RURAL AMERICA?," THERE'S BEEN DOUBT TPP WILL GET PASSED IN THE LAME DUCK SESSION WHICH STARTS NEXT WEEK BUT FARM GROUPS ARE UPPING THEIR EFFORTS TO GET IT PASSED  BEFORE A NEW ADMINISTRATION MOVES IN. "IF FARMERS DON'T HAVE SOME HESTITATION ON PRESIDENT TRUMP'S TRADE POLICY, THEN THEY SHOULD," "IT WILL BE INTERESTING TO SEE HOW HE MOVES THAT MESSAGE, AND WORKS WITH FOREIGN LEADERS. AND WHAT HE SAYS TO RURAL FARMERS.," TRUMP HAS ALSO BEEN VOCAL ABOUT RENOGIATING OR WITHDRAWING FROM NAFTA.. ANOTHER TRADE DEAL WHICH IMPACTS AG. "MEXICO IS OUR NUMBER TWO CORN MARKET. WE NEED TO RENEGOTIATE WITH A GRAIN OF SALT. AND CERTAINLY IF THAT HAPPENS, WE HAVE SOME SERIOUS CONCERNS IN THE CORN INDUSTRY ABOUT WHAT'S GOING TO HAPPEN TO OUR NUMBER 2 CUSTOMER," "IF NAFTA DOES GET TORN UP AND T HEY SOMEHOW RENEGOTIATE THAT, THAT COULD HAVE DIRE CONSEQUENCES FOR U.S. DAIRY PRODUCERS. IF WE RENOGIATE THAT, IT HAS BEEN A VERY GOOD DEAL FOR U.S. DAIRY PRODUCERS," DESPITE THESE DIFFERENCES   RURAL AMERICA CAST THEIR VOTE, HOPING IT'S A VICTORY FOR HTE COUNTRYSIDE. "ALL OF AMERICA, ESPECIALLY RURAL AMERICA, SHOWED UP AND MADE A DIFFERENCE IN THIS ELECTION. I'M SO PROUD OF THEM FOR DOING THAT," TRUMP IS SHOWING SUPPORT FOR OTHER AG. RELATED POLICY AND ISSUES. HE'S VOCAL ABOUT DITCHING THE WATERS OF THE U.S. RULE, POTENTIALLY PUTTING A FARMER AS HEAD OF THEEPA AND HE'S BEEN SUPPORTIVE OF THE RFS AND ETHANOL.

DICAMBA APPROVAL
A NEW TOOL IN THE FIGHT AGAINST WEEDS IS NOW FINALLY APPROVED BY EPA.AS EXPECTED THE NEW DICAMBA-BASED HERBICIDE FROM MONSANTO GETTING THE GREEN LIGHT. EPA ANNOUNCING THE CHEMISTRY CAN BE USED OVER THE TOP ON THE COMPANY'S ROUND UP READY 2 XTENDCOTTON AND SOYBEANS. MONSANTO SAYS THE NEW FORMULATION HELPS REDUCE SPRAY DRIFT AND EPA IS CALLING FOR OTHER MEASURES TO HELP REDUCE THE POTENTIAL OF DAMAGE TO NEARBY CROPSTHE PURPOSE IS TO HELP FARMERS BATTER GLYPHOSATE OR ROUND UP RESISTANT WEEDS. FARMERS SAY THEY HOPE ITS JUST THE START OF NEW TECHNOLOGIES COMING TO MARKET.

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM DOW AGROSCIENCES." WE'RE IN THE HARVEST HOMESTRETCH. MIKE HOFFMAN HAS DETAILS AND TODAY'S CROP COMMENTS. GOOD MORNING, CLINTON. RON HAASE IS CROSSING THE FINISH LINE WITH HARVEST IN GILMAN, ILLINOIS. HERE ARE HIS LAST 8 ROWS OF CORN HARVEST. NOW HE HAS TO COMPLETE SOYBEANS.  RON SAYS HE'S SEEING HIS BEST CORN YIELDS THIS YEAR. USDA SAYS RON'S NOT THE ONLY ONE ALMOST DONE WITH HARVEST. 94 PERCENT OF THE STATE'S CORN CROP AND 95 PERCENT OF THE BEAN CROP IS OUT OF THE GROUND. AND ANOTHER FARMER SENT US THIS PHOTO FROM SOUTHEAST SOUTH DAKOTA. CORN YIELDS ARE VARIABLE THROUGHOUT THE STATE. HOWEVER, THIS FARMER SAYS THIS PIECE OF GROUND, WHICH IS ON THE 'OLD HOMESTEAD' IS PRODUCING THE BEST CORN YIELDS HE'S EVER SEEN. HE WISHES HIS FATHER WAS AROUND TO SEE IT.  AND TAKING A LOOK AT THE DROUGHT MONITOR BOT THAT AREA OF DRY WEATHER IN THE SOUTH EAST CONTINUES TO EXPAND WE'LL TAKE A LOOK BACK AT THAT AND HAVE YOUR FORECAST BUT FIRST HERE ARE SOME HOMETOWN TEMPS

TEASE
STILL TO COME, WE'LL TALK INTEREST RATES AND POSSIBILITY OF A RATE HIKE YET THIS YEAR. AND LATER, KEN FERRIE EXPLAINS HOW MISSING THE MARKET ON A NITROGEN PROGRAM CAN COST YOU BIG BUCKS AT HARVEST. LATER - WE'LL TAKE YOU ON A DEEP-SEA EXPLORATION WHERE WE UNCOVER A MYSTERY FROM WORLD WAR TWO.  JUST HOW CLOSE WAS THE U-S FROM ENEMY SHIPS?

AGRIBUSINESS
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA -MAKERS OF VIKING SIDE-BY-SIDES.  YAMAHA -REAL WORLD TOUGH. IN NOVEMBER THE FEDERAL RESERVE VOTED TO KEEP SHORT TERM INTEREST RATES STEADY ALTHOUGH MANY WERE ANTICIPATING AN INCREASE IN DECEMBER. FOLLOWING TUESDAY'S ELECTION AND MARKET UNCERTAINTY--THAT MAY NOT BE AS LIKELY. TYNE MORGAN HAS MORE IN TODAY'S ANALYSIS. HERE NOW WITH ARLEN SUDERMAN. ALRIGHT ARLEN LET'S TALK ABOUT THE RECENT DECISION BY THE FED IN NOVEMBER NOT TO RAISE INTEREST RATES. YOU KNOW WE HAD KIND OF EXPECTED THAT BUT DO YOU THINK THE FED A DEFINITE SIGNAL THAT WE ARE GOING TO SEE A RATE HIKE IN DECEMBER? NOT AS STRONG AS WHAT I EXPECTED. THE BEST KEPT SECRET IT THEN OR THE WORST KEPT SECRET IT BEEN THAT THE FED RAISE RATES IN DECEMBER BUT THAT'S BEFORE THE ELECTION CYCLE TURNED TOPSY TURVY. NOW THEY DON'T KNOW WHAT TO EXPECT. WE COULD EXPECT A SLOWDOWN IN INTEREST RATE HIKES OR WE COULD EXPECT AN ACCELERATION DEPENDING ON NOT JUST WHO WINS THE ELECTION BUT ALSO WHAT THEIR FISCAL POLICY IS AS IT BECOMES MORE ACCOMMODATIVE OR LESS ACCOMMODATIVE FROM FISCAL STANDPOINT SO ITHINK THE FED VERY WELL MAY PUNT, DEPENDING ON WHAT HAPPENS. THE MARKET STILL EXPECTS THAT BUT THEY MAY DECIDE TO WAIT UNTIL NEXT YEAR TO DO ANYTHING. SO A RATE HIKE THOUGH YOU DO FEEL THIS POINT IT IS IT IS BAKED IN FOR DECEMBERBUT WE'RE STARTING UP QUESTIONS THEY MAY BACK AWAY FROM THAT THAT'S WHY WE SEE A LOT OF VOLATILITY IN CURRENCY MARKETS. AND THEN IT COMES DECEMBER LET'S SAY THEY DON'T RAISE THAT THERE WAS A WRENCH IN IT AND THEY DON'T RAISE INTEREST RATES, WHAT WOULD HAPPEN? WELL FIRST OF ALL I THINK JANET YELLEN ALMOST HAS A MUTINY ON HER HANDS RIGHT NOW WITHIN THE FED.  SO A TWENTY FIVE BASIS POINT MOVE MAY HAPPEN BUT THEN THE FED BECOMES MUCH MORE DOVISH AFTER THE FIRST OF THE YEAR AND WE MAY SEE THEM DO WHAT THEY DO BEST IN TIMES OF UNCERTAINTY..AND THAT'S JUST SIT AND WAIT. DO YOU FEEL LIKE WE NEEDED INTEREST RATE HIKE? DO YOU FEEL LIKE THE ECONOMIC SITUATION IS THERE WHERE WE NEED TO SEE WE NEED TO NORMALIZE RATES. THERE ARE MANY SECTORS OF ECONOMY THAT FUNCTION BETTER WITH NORMAL RATES. AND WE DON'T HAVE MANY TOOLS IN THE TOOLBOX IF WE SLIP BACK INTO RECESSION. IN FACT THE VICE CHAIRMAN OF THE FED MADE THAT STATEMENT LAST MONTH THAT WE'RE REALLY IN DANGER WITH OUR ECONOMY IF WE WERE TO SLIP INTO ANOTHER RECESSION WITH INTEREST RATES NEAR ZERO THANKS SO MUCH. STAY WITH US WILL HAVE A MUCH MORE AGDAY WHEN WE COME BACK.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE AS WE LOOK AT THE DROUGHT MONITOR WE STILL CONTINUE TO SEE THE STRUGGLES IN THE SOUTHEAST. YEA WE REALLY DO. AND I DON'T SEE A BUNCH OF RAIN COMING THEIR WAY ANYTIME REAL SOON. BUT YOU CAN SEE WHAT IT LOOKS LIKE RIGHT NOW. SO LET'S GO BACK A MONTH AND SEE WHAT IT LOOKED LIKE, YOU CAN SEE A SMALLER AREA OF DROUGHT. NOW WE WERE ALREADY STARTING TO SEE SOME OF THE EXTREME DROUGHT AND EXCEPTIONAL DROUGHT IN A FEW SPOTS IN NORTHERN GEORGIA, NORTHERN ALABAMA, BUT GOING THROUGH THE LAST MONTH WEEK BY WEEK YOU CAN SEEN THIS AREA JUST CONTINUES TO EXPAND. WE CONTINUE TO SEE SOME PROBLEMS IN NEW ENGLAND THAT'S BEEN IMPROVING A LITTLE BIT AT TIMES BUT IT HASN'T REALLY GOTTEN RID OF US SOME OF THE DRIER AREAS. SOUTHERN CALIFORNIA CONTINUES TO BE DRY BUT AGAIN THERE HAS BEEN IMPROVEMENT FARTHER NORTH ALONG THE WEST COAST NO DOUBT ABOUT THAT. SO LET'S CHECK OUT THE WEATHER MAPS. YOU CAN SEE A COLD FRONT AND THIS IS THE COLDEST AIR OF THE SEASON BY THE WAY THAT'S GONNA HIT MOST OF THE NORTHERN PLAINS, GREAT LAKES, OHIO VALLEY AND NORTHEAST MID ATLANTIC AS WE HEAD THROUGH THE NEXT FEW DAYS. PUTTING THE MAPS INTO MOTION NOT A LOT OF MOISTURE ALONG THAT FRONT JUST A FEW CLOUDS HERE AND THERE. THERE WERE SOME SPRINKLES LIGHT SHOWERS IN EASTERN GREAT LAKES THIS MORNING BUT YOU CAN SEE BUT HOW QUICKLY THAT FRONT MOVES AND THERE'S JUST ALMOST NOTHING ALONG IN THE SOUTHEAST IT COULD REALLY USE SOME OF THAT RAIN THE SYSTEM OUT WEST JUST CONTINUES TO MOVE NORTHEASTWARD IN THE WESTERN PORTIONS OF CANADA. IT WILL BRING A LITTLE BIT OF MOISTURE IN THE WESTERN WASHINGTON, WESTERN OREGON OVER THE NEXT THIRTY SIX HOURS OR SO. BUT YOU CAN SEE AS WE HEAD INTO THE FIRST PART OF ALL THE WEEKEND BY SATURDAY MORNING WE ARE LOOKING AT HIGH PRESSURE JUST DOMINATING ALL OF THE CORN BELT. COLD FRONT ALL THE WAY TO THE GULF COAST AND THAT WILL CONTINUE TO MOVE INTO A NORTHERN AND CENTRAL FLORIDA WITH SOME SCATTERED SHOWERS ALONG IT AS WE HEAD THROUGH TOMORROW AFTERNOON. THERE'S THOSE SHOWERS AND MAYBE A FEW SNOW SHOWERS IN THE HIGHER ELEVATIONS OF THE NORTHWEST. AND THE SHOWERS CONTINUING ALONG THERE ARE JUST NORTH OF THAT AREA OF LOW PRESSURE IN NORTHERN MEXICO. IT'S REALLY IT'S ONLY WESTERN SOUTHERN TEXAS AND SOUTHERN NEW MEXICO GETTING ANY OF THAT MOST OF THE COUNTRY'S DRY. LOOK AT THAT OVER THE PAST TWENTY FOUR HOURS JUST ALMOST NOTHING ACROSS THE LOWER FORTY EIGHT. ADDING IN THE NEXT THIRTY SIX YOU HARDLY ADD ANYTHING. WE'LL ADD A LITTLE BIT IN THE FAR SOUTH AND A LITTLE BIT LONG THE WEST COAST, EVEN INTO NORTHWESTERN CALIFORNIA IN A LITTLE BIT OF MOISTURE THERE. AS FAR AS SNOW IS CONCERNED AGAIN NOTHING IN THE LOWER FORTY EIGHT OVER THE PAST TWENTY FOUR HOURS. MOST OF THE SNOW HAS AND WILL CONTINUE TO BE IN THE EASTERN PORTIONS OF CANADA AND SOME OF THE HIGHER ELEVATIONS OUT WEST. YOU CAN SEE TEMPERATURES THEN OF A VERY COOL FOR THIS TIME OF THE YEAR BUT NOT OUTLANDISH FOR BOTH HIGHS AND LOWS AS WE HEAD THROUGH THE NEXT THIRTY SIX HOURS. AND IN THE JET STREAM YOU CAN SEE THAT TROUGH BRINGING THAT SHOT OF COLDER AIR ADN THEN A RIDGE TRIES TO BUILD IN BEHIND IT. BUT THERE'S STILL GONNA BE SOME SHOTS OF COLD AIR COMING FROM WEST TO EAST. BUT NO ARCTIC AREA ANYWHERE IN THE LOWER FORTY EIGHT. THAT'S A LOOK ACROSS A COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HEAD TO COLORADO SPRINGS FIRST OF ALL LOTS OF SUNSHINE AND PLEASANTLY COOL HIGH OF FIFTY SIX.LITTLE ROCK ARKANSAS GOOD DEAL OF SUNSHINE AND BEAUTIFUL HIGH OF SEVENTY ONE. AND FINALLY COLUMBUS OHIO PARTLY SUNNY BREEZY AND COOLER HIGH OF FIFTY FOUR.

GREAT AMERICAN BARNS
TODAY'S GREAT AMERICAN BARN COMES FROM WAYNESBORO, VIRGINIA AND THE "NEW COUNTRY ORGANICS" COMPANY. THE COMPANY PRODUCES LIVESTOCK FEED FROM ORGANIC GRAINS. THIS BARN IS ON A RECLAIMED AND RECYCLED BROWNFIELDSITE. ORIGINALLY IT WAS A VINEGAR FACTORY. BACK THEN THE BARN WAS USED FOR LONG-TERM STORAGE OF APPLES WHICH WERE USED TO MAKE APPLE CIDER VINEGAR. THE COMPANY NOW USES IT FOR MEETINGS AND EVENTS. THE EAST COAST COMPANY IS EXPANDING TO THE SOUTHWEST. THEY PURCHASED A CENTURY OLD FEED MILL IN LUBBOCK TEXAS. THEY HOPE TO START PRODUCING FEEDS IN EARLY 2017.  AND WE'D LIKE TO HEAR ABOUT YOUR GREAT AMERICAN BARN.  EMAIL A PHOTO AND BACKGROUND INFORMATION TO GREAT-AMERICAN-BARNS-AT-AGDAY-DOT-COM.

TEASE
AGRONOMIST KEN FERRIE JOINS US NEXT FOR FARM JOURNAL COLLEGE TV, TO DISCUSS THE RISKS OF MISSING AND NEARLY 75 YEARS AFTER THE U-S ENTERED WORLD WAR TWO, FIND OUT HOW CLOSE THE BATTLE FIELD ACTUALLY CAME TO THIS COUNTRY. FOR A BETTER RETURN ON INVESTMENT AND HIGHER YIELD POTENTIAL, HOLD YOUR GROUND WITH AVAIL PHOSPHORUS FERTILIZER ENHANCER.  VISIT VLSCI.COM TO LEARN MORE. 

FARM JOURNAL COLLEGE TV
AS HARVEST AND YIELDS ROLL IN MANY FARMERS WILL BE TAKING A LOOK AT THEIR NUTRIENT PROGRAMS. ON FARM JOURNAL COLLEGE TV TODAY, KEN FERRIE JOINS US WITH A LOOK AT THE RISKS OF OF MISSING THE MARK WITH NITROGEN. SO AGAIN AS WE TALK ABOUT THE FOUR "R'S, WE TALKED ABOUT UNDERSTANDING THAT THE RATE THAT YOU NEED AND UNDERSTANDING THE SUPPLY THAT YOU'RE GONNA GET FROM THE SOIL, YOU ALSO NEED UNDERSTAND THE RISK THAT YOU'RE INVOLVED WITH DIFFERENT MANAGEMENT ZONES FOR INSTANCE THE ZONE WERE STANDING IN RIGHT NOW HAS AN INFILTRATION RATE OF SIX INCHES OF WATER PER HOUR. WHICH IS PHENOMENAL. BASED ON WHERE WE JUST WERE, WHERE IT'S AROUND TWO INCHES PER HOUR BUT AT TWO INCHES PER HOUR INFILTRATION RATE WE HAVE A LOT RESTS LESS RISK OF LEACHING OR DENITRIFYING OF OUR NITROGEN PROGRAM. SO WE THINK ABOUT HIGH AND LOW RISK WE NEED TO BREAK ALL OF OUR FIELD UP IN A MANAGEMENT ZONES AND THOSE MANAGEMENT ZONES NEED TO BE TAGGED WITH THEIR LOW MEDIUM OR HIGH RISK OF NITROGEN LOSS. BECAUSE IN THIS SITUATION WE USE THE SAME UPFRONT NITROGEN PROGRAM. WE PUT ALL THE NITROGEN AHEAD OF PLANTING. AND IN THE LOW RISK AREA THAT NITROGEN RATE IS KEEPING THIS PLANT GREEN DOWN TO THE BASE. I GOT A GOOD STALK DIAMETER. I'M HOLDING PRETTY GOOD. ON THE HIGH RISK AREA I SHOW SOME SIGNIFICANT NITROGEN DEFICIENCY THE COLOR IS OFF AND I'M STARTING TO CANNIBALIZE THIS PLANT PRETTY HARD. THIS IS AN ONGOING NITROGEN DEFICIENCY THAT'S GOING TO GET WORSE. AND WE'RE COMING RIGHT THRU R-2 THAT MEANS THAT THIS IS GOING TO BE A VERY EXPENSIVE NITROGEN PROGRAM. WE'RE GOING TO  SHALLOW UP THE COLONELS, WE'RE GOING TO ABORT THE TIPS AND THESE PLANS ARE THE SAME. SO WHEN YOU KNOW YOUR HIGH RISK AREAS YOU WOULD HAVE COME IN HERE AND CHANGED YOUR NITROGEN STRATEGY OR AT LEAST PULLED NITRATE SAMPLES DURING THE GROWING SEASON. YOU COULD IDENTIFY THAT THIS WAS GOING TO HAPPEN BASICALLY WEEKS BEFORE GOT IN TROUBLE. SO NOW YOU BE PLAYING CATCH UP IN YOUR RESPONSE TIME WOULD HAVE TO BE PRETTY QUICK WE'RE ABOUT TO CLOSE THE CHAPTER ON WHETHER WE CAN HELP THIS CORN OR NOT. SAME PROGRAM, SAME FARM, JUST SAME PRODUCT, BUT WE JUST HAVE DIFFERENT SOIL RISK FROM THE AMOUNT OF WATER THAT THAT'S ALL CAN HANDLE.

TEASE
UP NEXT - SEE HOW SURPRISINGLY CLOSE THE FRONT LINES OF WORLD WAR TWO CAME TO THE U-S MAINLAND....AND MEET A VETERAN WHO DID HIS PART IN PROTECTING THE U-S AGAINST INVADERS.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT TRACTORS -AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY.  LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER. ON THIS VETERANS DAY, WE LOOK BACK 75 YEARS TO WORLD WAR TWO. MANY AMERICANS PROBABLY HAVE NO IDEA JUST HOW CLOSE THE BATTLE LINES CAME TO THE U-S MAINLAND. MARINA HUTCHINSON HAS OUR STORY FROM THE NORTH CAROLINA COAST. "THERE IT IS BUDDY ITS RIGHT THERE. LOOK AT THAT!" A FRONT ROW SEAT TO HISTORY.  A WORLD WAR TWO GERMAN SUBMARINE AND AN ALLIED FREIGHTER LYING AT THE BOTTOM OF THE SEA_SUNK MORE THAN 70 YEARS AGO OFF THE COAST OF NORTH CAROLINA. "THIS IS REALLY AMERICA'S ONLY WORLD WAR II BATTLEFIELD ON THE EAST COAST."FEW PEOPLE OUTSIDE COASTAL NORTH CAROLINA REMEMBER THE BATTLE OF THE ATLANTIC." A BATTLE THAT SERVES AS A REMINDER OF HOW CLOSE WORLD WAR II CAME TO THE MAINLAND. WEEKS AFTER THE ATTACK ON PEARL HARBOR, GERMAN U BOATS BEGAN PATROLLING OFF THE COAST OF NORTH CAROLINA SINKING MERCHANT SHIPS AND ALLIED VESSELS. 92-YEAR-OLD LOUIS SEGAL WAS STATIONED OFF THE EAST COAST DURING THE SECOND WORLD WAR. THE MISSION OF THE SHIP HE WAS ON WAS TO DESTROY GERMAN SUBMARINES. "AFTER D-DAY WE WERE SAILING UP AND DOWN THAT COAST LOOKING FOR SUBMARINES. THEY WERE RIGHT AROUND THE EAST COAST, PINGING WITH SONAR WE'D BE LOOKING FOR SUBMARINES. ALSO WE DID CONVOY ESCORT, THERE WOULD BE 50 SHIPS IN A CONVOY, THERE WOULD BE 7 OR 8 OF US DESTROYERS." AFTER THE GERMAN SUBMARINE U-576 SANK THE FREIGHTER SS BLUEFIELDS, THE US MILITARY ESCORTS FOUGHT BACK SINKING THE UBOAT.  THE FREIGHTER WAS ABLE TO GET ALL HER CREW OFF BEFORE SINKING BUT THAT WAS NOT THE CASE FOR THE GERMAN SHIP . "ALL OF THE HATCHES WERE STILL SEALED AND CLOSED. SO THERE WAS NO TIME FOR THE CREW TO TRY TO GET OUT. WHICH MEANS THAT  IT IS, IN ESSENCE, NOT ONLY AN ARCHAEOLOGICAL SITE, BUT A TOMB AND A GRAVESITE FOR THE 45 MEN WHO WERE ON BOARD." THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION FIRST DISCOVERED THE SHIPWRECKS TWO YEARS AGO. LAST MONTH, A TEAM OF RESEARCHERS GOT THEIR FIRST CHANCE TO EXPLORE THE SITE COLLECTING DATA TO VIRTUALLY RECREATE THE UNDERWATER BATTLEFIELD. "THE SITE IS ABOUT 35 MILES DUE EAST OF OCRACOKE, NORTH CAROLINA. AND THE TWO VESSELS LIE IN ABOUT 710 FEET OF WATER." SEGAL, THE NAVY VETERAN, WAS INVITED TO JOIN THE EXPEDITION. IT WAS HIS FIRST TIME BACK IN THESE WATERS SINCE THE WAR. HIS REACTION TO SEEING THE SUNKEN SUB? SOUNDBITE (ENGLISH): LOUIS SEGAL, WW II NAVY VETERAN"I SAW IT AND SAID WELL THAT'S ONE WE DIDN'T HAVE TO WORRY ABOUT." BOTH VESSELS HAVE BEEN PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE PUBLIC WILL EVENTUALLY BE ABLE TO VIRTUALLY SEE WHAT HAPPENED HERE IN JULY 1942. MARINA HUTCHINSON, THE ASSOCIATED PRESS.  COMING UP FRIDAY NOVEMBER 25TH-THE DAY AFTER THANKSGIVING -WE'LL HAVE A SPECIAL EDITION OF AGDAY LOOKING AT AMERICAN AGRICULTURE'S ROLE IN WORLD WAR TWO. WE HOPE YOU JOIN US.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

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