AgDay Daily Recap -November 6, 2017

November 6, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 6, 2017


HEADLINES
DIGGING INTO THE TAX PLAN AND WHAT IT MEANS FOR FARMERS. PLUS, CALIFORNIA FARM COUNTRY REACTION THE PROPOSED GUEST WORKER  PROGRAM  IN AGRIBUSINESS...SOYBEAN SALES. MACHIERY PETE HAS EYE POPPING AUCTION PRICES. AND HIGH TECH HANDS COULD CHANGE THE WAY YOU SPEND MONEY. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

WASHINGTON TAX REFORM
GOOD MORNING I'M CLINTON GRIFFITHS. REPUBLICAN LAWMAKERS ARE WASTING  LITTLE TIME TO PUSH THEIR TAX REFORM PLAN THROUGH CONGRESS BY THE  END OF THE YEAR. THE HOUSE WAYS AND MEANS COMMITTEE IS SCHEDULED TO BEGIN MARK-UP OF  THE "TAX CUTS AND JOBS ACT" THIS MORNING.  THEY HOPE TO MOVE THEIR VERSION OF THE BILL TO THE SENATE LATER THS  MONTH.. MEANWHILE, THE SENATE IS EXPECTED TO UNVEIL ITS OWN TAX PLAN THIS WEEK. THE PRESIDENT SAYS HE WANTS TO SIGN THE BILL BY CHRISTMAS. "THERE WILL BE CHANGES IN MARKUP AND THEN THERE WILL BE AMENDMENTS IN THE HOUSE FLOOR  PROBABLY. NOT MANY, BUT ENOUGH WHICH COULD CHANGE RATHER SIGNIFICANTLY. THEN YOU HAVE THE  HOUSE SIDE WHERE THEY WILL WANT TO KEEP IT AS CLOSE AS POSSIBLE TO THE SENATE BILL BUT THERE  WILL BE DIFFERENCES. DON'T THINK SOME OF THESE PROVISIONS - IF FARMERS AND RANCHERS DON'T LIKE  THEM - CAN BE CHANGED."MEANWHILE, THE GOP BILL WOULD LOWER THE TOP TAX RATE ON FARM AND  OTHER BUSINESSES THAT PAY TAXES THROUGH THE INDIVIDUAL INCOME-TAX  CODE, AS SO-CALLED 'PASS-THROUGH' BUSINESSES.  THE NEW RATE WOULD BE 25 PERCENT, DOWN FROM A TOP RATE OF 39.6  PERCENT.  THOUGH, IT WAS STILL UNCLEAR WHAT THE PROPOSAL WILL DO TO PREVENT  OTHER FIRMS OR WEALTHY INDIVIDUALS FROM REORGANIZING TO ABUSE THE  NEW RATE. THE GOP PLAN WOULD ALSO ALLOW COMPANIES TO IMMEDIATELY EXPENSE  CAPITAL INVESTMENTS, SUCH AS NEW EQUIPMENT, FOR FIVE-YEARS—ANOTHER  KEY GOAL OF AGRICULTURE.  SMALL BUSINESSES COULD ALSO STILL WRITE OFF  LOAN INTEREST. THE REPUBLICAN PLAN WOULD ALSO ELIMINATE THE ESTATE TAX. BUT, IN A MOVE  THAT WILL EASE THE LOSS OF REVENUE AND HELP COUNTER DEMOCRATS'  CRITICISM THE BILL FAVORS THE RICH, THE GOP WILL DOUBLE EXEMPTIONS FOR  ESTATE TAXES AND THEN END THE ESTATE TAX BY 2024.

GUESTWORKER LEGISLATION
ALSO IN WASHINGTON, GUEST WORKER LEGISLATION IS SLOWLY MOVING  THROUGH CONGRESS.  THIS AS NEARLY 70 PERCENT OF FARMERS IN CALIFORNIA REPORT LABOR  SHORTAGES THIS YEAR. THAT'S ACCORDING TO A SURVEY BY CALIFORNIA FARM  BUREAU. BUT, GROWERS ON THE WEST COAST ARE SEARCHING FOR LONG-TERM  SOLUTIONS NOT JUST A SHORT-TERM FIX.  BETSY JIBBEN REPORTS. AS GROWER AL STEHLY EXAMINES ANOTHER LEMON...  "THE FRUIT IS BIGGER THAN THE TIN RING, SO THIS WOULD BE THE PERFECT SIZE TO PICK," CONDITIONS ARE RIGHT TO HARVEST IN ESCONDIDO, CALIFORNIA.  THE CHALLENGE IS TO FIND  LABOR, ESPECIALLY FOR THIS CROP.  "THEY'RE MORE SPECIALIZED,"NOW LAWMAKERS HOPE THEY HAVE A SOLUTION. THE AG. GUESTWORKER ACT - INTRODUCED BY CHAIRMAN BOB GOODLATTE  CLEARED THE HOUSE JUDICIARY COMMITTEE IN LATE OCTOBER - IT'S DESIGNED  TO REPLACE THE H2A PROGRAM. "DO YOU THINK THE H2A PROGRAM IS BROKEN? HAS BEEN, SINCE IT WAS ENACTED," IF PASSED, H2C WILL ALLOW AG EMPLOYERS WHO NEED YEAR-ROUND WORKERS  TO APPLY.  SOME OF THE AG. INDUSTRY SAYS IT'S NOT PERFECT BUT IT'S A START.  "IT'S A STRUGGLE TO HAVE CONFIDENCE THAT THIS IS GOING TO GET DONE. BUT WE ARE HOPEFUL AND  THIS IS ONE OF THE BEST OPPORTUNITIES I'VE SEEN IN A LONG TIME,"IT SEEMS TO BE GETTING MIXED REVIEWS – LAWMAKERS LIKE REPUBLICAN  STEVE KING AND LOUIE GO-MERT GOHMERT VOTED AGAINST THE BILL.  SOME "FARM GROUPS" SAY THE BILL HAS ITS FLAWS TOO. "SO THEY CAN TRAVEL FREELY AND NOT BECOME A GUEST WORKER. THE ADMINISTRATION WANTS JUST  GUEST WORKERS, THAT DOESN'T REALLY WORK FOR US,"BECAUSE THERE'S NO PATHWAY TO LEGAL STATUS. UNDER THE BILL, THE PRODUCER DOES NOT NEED TO PROVIDE FREE HOUSING  OR TRANSPORTATION. "'M NOT OPPOSED TO THOSE THINGS, BUT HERE IN CALIFORNIA, PROVIDING HOUSING IS JUST ENORMOUSLY  DIFFICULT THE RULES ARE ALMOST IMPOSSIBLE TO COMPLY WITH,""WE GOT A LABOR SHORTAGE, WE'RE GOING TO BE PROVIDING TRANSPORTATION, WE GOT A LABOR  SHORTAGE, WE'RE GOING TO HAVE TO PROVIDE HOUSING. WE AREN'T GOING TO SAY COME BUT FIND YOUR  OWN PLACE TO LIVE. IT'S NOT GOING TO HAPPEN,""YOU STILL HAVE TO FIND A PLACE TO LIVE, WHERE ARE THEY GOING TO LIVE? THAT'S THE THING NO ONE  TAKES INTO CONSIDERATION"THIS BILL HAS AN ESCALATION CLAUSE WHICH MEANS UNDER CERTAIN  CONDITIONS - THE NUMBER OF VISAS GO UP. CURRENTLY, THE BILL HAS A VISA CAP SET AT ROUGHLY 450 THOUSAND  WORKERS. SOME AG GROUPS SAY THAT NUMBER IS TOO LOW.  "THAT IS CONCERNING SEEING HOW CALIFORNIA CAN UTILIZE THAT AND THAT'S FOR THE WHOLE COUNTRY SO  THAT IS ONE OF THE CONCERNING PROBLEMS."THE AG. GUESTWORKER ACT IS NOT THE ONLY PIECE OF LEGISLATION FLOATING  AROUND CONGRESS.  REPRESENTATIVE LAMAR SMITH INTRODUCED LEGISLATION CALLED - LEGAL  WORKFORCE ACT - WHICH COULD MANDATE EMPLOYERS TO USE THE E-VERIFY SYSTEM TO CHECK  LEGAL STATUS OF AG. EMPLOYEES. IT CLEARED THE HOUSE JUDICIARY  COMMITTEE AND COULD GO TO THE HOUSE FLOOR. MEANWHILE,  THE JUDICIARY COMMITTTEE ADDED AN AMENDMENT TO THE AG. GUESTWORKER  ACT WHICH WOULD DELAY THE NEW H2C VISAS UNTIL THE E-VERIFY BILL GOES  THROUGH.   " IF YOU ENACT E-VERIFY BEFORE LEGISLATION, WHICH GIVES US AN ADEQUATE STABLE WORKFORCE, YOU  LOSE ALL THOSE PEOPLE TO E-VERIFY AND YOU'RE OUT OF BUSINESS ""GIVE US A LEGAL TOOL TO HIRE THESE WORKERS SO WHEN WE GO THROUGH E-VERIFY, WE DON'T HAVE TO  DISCHARGE PEOPLE."AS STEHLY'S HARVEST ARRIVES,... "THEY CAN'T START AT DAWN, LIKE WE WOULD WITH AVOCADOS, WE HAVE TO PICK LEMONS DURING THE  HEAT OF THE DAY."PRODUCE NEEDS TO BE PICKED. HE HOPES LEGISTION WILL HELP, NOT HINDER  THE PROCESS. REPORTING FOR AGDAY I'M BETSY JIBBEN.  THANKS, BETSY. THE BILL CLEARED THE COMMITTEE, BUT IT WASN'T SMOOTH  SAILING.. WITH SOME KEY DEMOCRATS EVEN CALLING IT A SLAVE LABOR BILL.  WASHINGTON WATCHERS SAY THE CHANCES OF THE BILL MAKING IT TO THE  PRESIDENT'S DESK ARE SLIM.

CROP COMMENTS
MIKE HOFFMAN JOINING US TODAY WITH A LOOK AT FARM COUNTRY AND TODAY'S  CROP COMMENTS. GOOD MORNING CLINTON. AFTER THAT NOR'EASTER TORE THROUGH NEW ENGLAND LAST WEEK, IT  CERTAINLY CHANGED THE DROUGHT PICTURE IN THAT PART OF THE COUNTRY. IN  MAINE FOR EXAMPLE JUST A QUARTER OF THE STATE NOW HAS ABNORMAL  DRYNESS. THE REST IS DROUGHT-FREE.  PRIOR TO THE STORM  JUST THREE PERCENT WAS FREE FROM DROUGHT.  THE  REST WAS ABNORMALLY DRY. AND NEARLY 40-PERCENT OF THE STATE WAS IN  MODERATE DROUGHT. IN NORTH DAKOTA - 18-PERCENT OF THE STATE IS DROUGHT-FREE. BUT THAT'S A  VAST IMPROVEMENT FROM AUGUST WHEN NEARLY HALF THE STATE WAS IN THE  MOST SEVERE CATEGORIES OF DROUGHT. TOMORROW ON AGDAY WE'LL CHECK  ON CORN YIELDS IN NORTH DAKOTA AFTER THE DROUGHT. AND THE RESULTS  MAY SURPRISE YOU. AND NOW HERE ARE SOME HOMETOWN TEMPS. FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY.

TEASE
WHEN WE COME BACK, A PANEL DISCUSSION ON SHIPPING SOYBEANS AND  COMPETITION FROM BRAZIL. PLUS, MACHINERY PETE IS HERE. STAY TUNED FOLKS COMING UP I'M GOING TO TELL YOU ABOUT A NINETY NINE YEAR OLD TRAKTOR THAT'S  ALL FOR HUGE MONEY LAST WEEK. AND LATER, PAYING YOUR BILL MAY SOON BE LINKED TO THE BLOOD VESSELS IN  YOUR FINGER. DETAILS ON IN THE COUNTRY.

NAFTA DISPUTE
BEYOND THE NAFTA NEGOTIATIONS, THERE'S ANOTHER TRADE DISPUTE  BETWEEN THE U-S AND CANADA. IT INVOLVES SOFTWOOD LUMBER - THE KIND  USED FOR HOME CONSTRUCTION IN THIS COUNTRY. THE COMMERCE DEPARTMENT UPHOLDING A U-S TARIFF IT APPLIES TO SOFTWOOD LUMBER  SHIPPED IN FROM CANADA. THE COMMERCE DEPARTMENT SAYING CANADIAN EXPORTERS SELL SOFTWOOD  LUMBER AT LESS THAN FAIR VALUE AND CANADA PROVIDES UNFAIR SUBSIDIES TO  PRODUCERS. CANADA'S FOREIGN MINISTER CALLED THE DUTIES UNFAIR, UNWARRANTED AND  DEEPLY TROUBLING.

FLOOR OF THE CME
IN AGRIBUSINESS LETS SEE HOW MARKETS FINISHED OFF A BUMPY WEEK OF  TRADE FROM THE FLOOR OF THE CME IN CHICAGO SOYBEANS THEY REALLY DROPPED ALMOST 11 CENTS PROFIT TAKERS WERE STEPPING IN AND THEY REALLY PRESSED THOSE PRICES LOWER. THEY GAVE BACK ALMOST ALL OF YESTERDAY'S GAINS AND THEN SOME. SO EVERYONE WANTED TO TAKE EVERYTHING OFF THE TABLE. WE'VE GOT THE USDA REPORT COMING UP NEXT WEEK AND WE'RE GOING TO START WATCHING WHAT'S HAPPENING IN BRAZIL AND ARGENTINA. SO ALL ALL THAT UNCERTAINTY HAS EVERYONE A LITTLE BIT UNCOMFORTABLE. THAT'S WHY THEY'RE TAKING IT OFF THE TABLE. CORN ALSO RECOILED KIND OF GIVING BACK WHAT IT HAD LIVE CATTLE JUMPED BACK UP. IT SEEMED THAT THE PACKERS REALLY PAID UP TO RAISE THOSE FUTURES PRICES UP ALMOST 2 PERCENT. THERE HAS BEEN SOME BIG GYRATIONS IN THE MARKET BUT THE MARKET STILL REMAINS VERY STRONG. THIS AFTER A TWO WEEK STANDOFF BETWEEN BUYERS AND SELLERS IT CERTAINLY SEEMS LIKE THAT REALLY HAS STARTED TO GIVE THE MARKET SOME MOMENTUM. THAT'S ALL FROM THE FLOOR AT THE CME GROUP VIRGINIA MACGATHEY. ​

AGRIBUSINESS
SOUTH AMERICA, SOYBEANS SALES AND ACREAGE DECISIONS FOR 2018. TYNE MORGAN STARTS OUR BUSINESS WEEK OFF FROM THE ROAD. HERE NOW ON AGDAY LET'S LOOK AT AT. SOYBEANS WHEN WE LOOK AT SALES VERSUS SHIPMENT  OVERALL KIND OF. ARE YOU COMFORTABLE WITH THE POSITION THAT WE'RE IN AT THIS POINT. WE CAME INTO  THE MARKETING YEAR WITH CHINA LAGGING BEHIND ITS NORMAL PACE IT BECAME VERY AGGRESSIVE AND AS WE DID WE PICKED UP THE PRICE AND SUDDENLY BRAZIL SOYBEANS CAME BACK IN START  COMPETING SHIPMENTS ON A SEASONAL BASIS SOYBEAN SHIPMENTS ARE VERY SEASONAL. WE'RE  ABOUT 100 MILLION BUSHELS OVER THE SEASONAL PACE NEED HIT USDAS TARGET. BUT SALES ARE  ABOUT 100 MILLION BEHIND IT. SO WE HAVE TO EVENTUALLY PICK UP THE SALES PACE OR WE'RE GOING  TO START LAGGING ON SHIPMENTS. ALAN DO YOU AGREE WITH THAT. I AGREE WITH THAT. I THINK WE WILL  PICK UP THAT SALES PACE. WE HAD THAT OVERHANG FROM BRAZIL'S LARGE CROP LAST YEAR THAT'S NOW  BEEN WHITTLED DOWN THEIR EXPORTS IN OCTOBER WERE ONLY TWO AND A HALF MILLION TONS OR SO. SO  THE U.S. IS NOW INTO THAT MAIN SHIPPING PERIOD. I THINK CHINA WAS IN NO HURRY TO BUY BECAUSE  THEY WERE STILL GETTING SUPPLIES FROM ALTERNATE SOURCES. NOW THAT THEY'VE GOT TO RELY ON THE  U.S. FOR THE NEXT THREE OR FOUR MONTHS AND WE'LL SEE WE'LL SEE MORE COMMITMENTS. DO YOU  AGREE WITH THAT OR IS THERE A CAVEAT IN THIS. WELL THE ONE ISSUE IS THAT THE U.S. HAS A SIX  MONTH MARKET NOW AND BRAZIL HAS TURNED THE U.S. INTO SIX MONTHS INTERNATIONAL SHIPPING  MARKET AND WITH A LOWER PROTEIN LEVEL COMING OUT OF U.S. SOYBEANS THERE IS THE POTENTIAL FOR  CHINA TO LOOK TO BRAZIL IF IT LOOKS LIKE THAT CROP IS GOING IN AND WILL PRODUCE. BUT ARE YOU STILL  MORE BULLISH ON SOYBEANS THAN CORN AT THIS POINT WHEN WE LOOK AT PRICES. SOYBEANS ARE ARE  CLEARLY RIGHT NOW MORE BULLISH. IT ALL DEPENDS ON WHERE WE SEE THE ACRE'S GOING NEXT YEAR OR  WHAT THE TENDENCIES ARE GOING TO BE. BUT THE POSITIVE ON THE LOWER PROTEIN WHICH I AGREE IS  THAT ALL INCREASED CONSUMPTION HERE IN THE UNITED STATES IT'LL TAKE MORE MEAL IN ORDER TO  REACH THE PROTEIN NEEDS. OK. REAL QUICK BEFORE WE GO. CORN VERSUS BEANS. I MEAN NEXT YEAR  LET'S SAY WE DO SEE ACRES KIND OF NECK AND NECK. I MEAN IS THAT GOING TO DRIVE DOWN SOYBEAN  PRICES NEXT YEAR. WELL I THINK SOYBEANS DON'T HAVE TO COMPETE AGGRESSIVELY FOR ACREAGE  BECAUSE CORN IS NOT FIGHTING VERY HARD. AND CORN THAT THE PROBLEM OF WHEAT WHEAT SUPPLIES  ARE RECORD HIGH AROUND THE WORLD THAT IS FED IN A LOT OF PLACES IN THE WORLD SO CORN IS KIND OF  DRAGGING ALONG WITH IT. AND THAT THAT GIVES BEANS AN ADVANTAGE. ALL RIGHT. THANK YOU ALL FOR  BEING HERE. WE APPRECIATE IT. LET'S TAKE A QUICK BREAK AND THEN WE'LL BE BACK WITH SOME WEATHER ON AGDAY.  AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL. 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY KAWASAKI AND THE NEW MULE PRO-FXR™ SIDE X  SIDE. RIDE LIKE A BOSS WITH HIGH-END STYLING AND RUGGED CAPABILITY.WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN AND MIKE AS WE LOOK AT  RAINFALL OVER THE LAST WEEK REALLY THE MAJORITY OF THAT IS CONCENTRATED IN THE NORTHEAST. YEAH.  NO DOUBT ABOUT IT. IN FACT IF YOU LOOK WEST OF THE MISSISSIPPI THERE WASN'T A WHOLE LOT OF RAIN  EXCEPT IN SOUTHERN LOUISIANA AS YOU CAN SEE RIGHT THERE. THERE WAS SOME SNOW IN THE  NORTHERN ROCKIES OBVIOUSLY BUT ZOOMING IN ON THAT. YOU CAN SEE WHERE THE HEAVIEST FELL AND  IS BASICALLY THE WESTERN HALF OF NEW YORK. THEY GOT THE MAJORITY OF THIS RAIN WITH THREE FOUR OR  FIVE INCHES OF RAIN IN MANY AREAS AND SOME OF THAT EXTENDED INTO THE MOUNTAINS OF WESTERN  PENNSYLVANIA WESTERN MARYLAND AND ALSO NORTHERN PORTIONS OF VIRGINIA WITH REMNANTS OF THE  EAST COAST STORM STILL LINGERING IN PARTS OF THE NORTHEAST AS WELL DURING THAT TIME FRAME AS FAR  AS THE DROUGHT MONITOR IS CONCERNING SEE HOW THINGS HAVE ALMOST WIPED OUT THAT DROUGHT IN  THE NORTHEAST. IT'S LONG TERM SO IS KIND OF UNUSUAL FOR ONE ONE STORM LIKE THAT TO WIPE OUT THE  DROUGHT. AND THAT'S WHY IT'S TAKING SO LONG IN MONTANA AND WESTERN SOUTH DAKOTA. YOU'VE  HAD SOME DECENT RAINS OVER THE PAST COUPLE OF MONTHS BUT IT TAKES A WHILE SOMETIMES TO GET  RID OF THE DROUGHT. WE'VE HAD THAT EXPANDING MODERATE DROUGHT THOUGH ARKANSAS AND SOME  OF THE SURROUNDING AREAS JETSTREAM AS WE HEAD THROUGH THIS WEEK KIND OF A TRANSITION PERIOD WE'RE GOING TO SEE TROUGHS MOVING FROM WEST TO EAST FROM TIME TO TIME NO BE SHOTS OF COLD  AIR LIKE THE MIDDLE OF THIS WEEK INTO THE NORTHERN PLAINS. THEN THE TROUGH MOVES IN OUT WEST  COOLS IT DOWN THERE THE RIDGE MOVES TO THE MIDDLE OF THE COUNTRY WHERE IT WARMS UP LATER IN  THE WEEK AND THEN WE KIND OF GO ZONAL FOR A LITTLE WHILE WITH A RIDGE EVENTUALLY BUILDING NEXT  WEEK INTO THE FOLLOWING WEEK OR NEXT WEEK AND INTO THE FOLLOWING WEEK AND THAT COULD WARM  THINGS UP IN THE EASTERN PART OF THE COUNTRY. BUT AGAIN IT WILL ALL BE CHANGING FROM DAY TO DAY.  BUT I AM GOING BELOW NORMAL FOR MOST OF THE NORTHEAST QUADRANT OF THE COUNTRY. NORTHERN  MISSISSIPPI VALLEY INTO THE MONTANA AREA EASTERN WASHINGTON ABOVE NORMAL FOR FLORIDA AND  THE FOUR CORNER REGION PRECIPITATION THIS WEEK BELOW NORMAL FOR THE HIGH PLAINS AND NORTHERN  PLAINS ALL THE WAY DOWN INTO THE SOUTHWEST MOST OF TEXAS AND FLORIDA ABOVE NORMAL FROM  ARKANSAS TO THE MID-ATLANTIC AND ALSO IN THE NORTHWEST. HERE'S A 90 DAY OUTLOOK. NOVEMBER  TEMPERATURES AREN'T GOING ABOVE NORMAL ALONG THE EAST COAST. GULF COAST SOUTHWEST BELOW  NORMAL NORTHERN PLAINS NORTH WESTERN GREAT LAKES INTO THE NORTHWESTERN PART OF THE COUNTRY  INCLUDING NORTHERN CALIFORNIA DECEMBER THEN WE'RE GOING COLDER FOR THE MIDDLE OF THE  COUNTRY. LOOKS LIKE NORTHERN MISSISSIPPI VALLEY ALL THE SURROUNDING AREAS ABOVE NORMAL FOR  FLORIDA AND THE SOUTHWEST. JANUARY WE BACK OFF THAT COLD A LITTLE BIT NEAR NORMAL FOR MOST OF  THE GROWING REGIONS ABOVE NORMAL. MOST OF THE SOUTH AS YOU CAN SEE 90 DAY ALAK FOR  PRECIPITATION ABOVE NORMAL FOR THE NORTHERN PORTIONS OF THE APPALACHIANS AND THE NORTHERN  ROCKIES BELOW NORMAL FOR MISSOURI AND KANSAS ALL THE WAY THROUGH THE SOUTHERN PLAINS.  THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL  FROM MEDFORD OREGON A MIXTURE OF SUNSHINE AND CLOUDS COULD BE A SHOWER. HIGH OF 52.  JOPLIN MISSOURI CLOUDY AND A BIT COOLER WITH A HIGH OF 59 AND ELMIRA IN NEW YORK CLOUDY AND  MILD SHOWERS ARE A POSSIBILITY HIGH AROUND 62. 

TEASE
WHEN WE COME BACK, HISTORIC TRACTORS, HIGH PRICES AND AUCTION  EXCITEMENT FROM MACHINERY PETE. AND LATER, FORGET YOUR CREDIT CARDS, FORGET YOUR PHONE, LET YOUR  FINGERS PAY THE BILL. THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.

MACHINERY PETE
"MACHINERY PETE IS BROUGHT TO YOU BY JOHN DEERE…WHERE CAN YOU FIND THE MOST  COMPREHENSIVE INVENTORY OF JOHN DEERE CERTIFIED PRE-OWNED TRACTORS, COMBINES AND  SPRAYERS?  MACHINE FINDER-DOT-COM … SOMETIMES THE BEST NEW ADDITION TO YOUR FLEET ISN'T  NEW!" MACHINERY PETE LIVES IN A FASCINATING WORLD. THIS MORNING, SOME FRESH AUCTION FINDS WITH PRETTY HEFTY PRICE TAGS. WELL IT'S AMAZING FOR FARMERS HERE IS COME IN THE LAST HUNDRED YEARS ISN'T IT PARTICULARLY  TRACTORS. LAST WEEK I GOT TO TELL YOU FOLKS WE SAW SOME AMAZING CONTRAST. IF WE START OFF ON  THE OLDER TRACTOR SIDE WE CAN GO SATURDAY. IT WAS OCTOBER 28 ON A COLLECTOR AUCTION OUT IN  CENTRAL CALIFORNIA. THIS 1918 HOLT 75. SOLD ON AN AUCTION BY OUR GOOD FRIENDS AT AUCTION AND  THE HAMMER PRICE ON THIS THING WAS $310000. BUT WHEN YOU FACTOR IN THE BUYERS FEE PRICE WAS THREE HUNDRED TWENTY FIVE THOUSAND FIVE HUNDRED DOLLARS. WOW. NOW SAME DAY OCTOBER  28 ON AN AUCTION IN SOUTHEAST PENNSYLVANIA. THIS 1921 FRICK 1528 TRACTOR VERY RARE RESTORED.  IT SOLD FOR FIFTY EIGHT THOUSAND DOLLARS. ANOTHER VERY STRONG PRICE ON ALMOST 100 YEAR OLD  TRACTOR. NOW AGAIN THE CONTRAST PART JUST A FEW DAYS LATER LAST THURSDAY WOULD HAVE BEEN  NOVEMBER 2ND. UP IN REGINA SASKATCHEWAN HUGE AUCTION BY RITCHIE BROTHERS TON OF VERY LARGE LATE MODEL TRACK TRACTORS INCLUDING THIS 2013 NEW HOLLAND T9670 TRACKS 18 UNDER 41 HOURS. SO FOR 275000 CANADIAN WHICH IF WE DO THE MATH CONVERTED INTO U.S. DOLLARS CAME OUT TO TWO HUNDRED THIRTEEN THOUSAND TWO HUNDRED NINETY DOLLARS. SO WHAT FUN TO SEE ABOUT A  100 YEAR OLD TRACTOR SELL AND THEN AGAIN ONE IS JUST A COUPLE OF YEARS OLD. I CAN'T WAIT TO SEE  WE'LL RUN ACROSS THIS WEEK.

TEASE
WHEN WE COME BACK, TYING YOUR BANK TO YOUR HANDS...WHY FINGER PRINTS  ARE NOW OBSOLETE. INSTINCT AND N-SERVE NITROGEN STABILIZERS DON'T JUST STABILIZE NITROGEN, THEY MAXIMIZE IT - SO  CORN CROPS GIE THE MAX IN RETURN.  LEARN MORE AT MAXINMAXOUT.COM. 

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  CHECK OUT KUBOTA'S RTV-X-1140, A RUGGED  UTILITY VEHICLE WITH SEATING FOR FOUR.  SYOP BY YOUR LOCAL DEALER TODAY, OR VISIT KUBOTA.COM. A GROCERY STORE NEAR LONDON IS PUTTING ITS "FINGER ON THE PULSE" OF  ITS SHOPPERS. AND WE MEAN THAT LITERALLY. CUSTOMERS CAN PAY FOR THEIR GROCERIES BY USING A BIOMETRIC PAYMENT  SYSTEM BASED ON THE VEINS IN THEIR FINGERS! THE SYSTEM IS CALLED FINGO-PAY. IT WORKS USING AN ELECTRONIC BIOMETRIC  READER THAT BUILDS A 3-D MAP OF THE CUSTOMER'S FINGER VEINS. IT THEN  GENERATES A UNIQUE PERSONAL KEY THAT'S LINKED TO THEIR BANK ACCOUNT. THE DEVELOPER SAYS THERE'S A THREE-POINT-FOUR BILLION TO ONE CHANCE  OF TWO PEOPLE HAVING THE SAME FINGER VEIN STRUCTURE. AT THIS GROCERY STORE, AROUND A THOUSAND PEOPLE ARE ALREADY SIGNED  UP. NICHOLAS DRYDEN, CEO OF STHALER: 'LOOK, WE ARE UNIQUELY-CHIPPED,' IF YOU LIKE. WE DO HAVE  THE ABILITY TO SAY; 'THIS IS ME,' AND PROVE WHO WE ARE AND IDENTITY EQUALS MONEY, IDENTITY  EQUALS YOUR ABILITY TO ACCESS A BUILDING OR DO ANYTHING REALLY.""WELL, I DO THE SAME WITH APPLE PAY, I DO THE SAME WITH OTHER LIKE MY FACEBOOK ACCOUNT  PROBABLY KNOWS MORE ABOUT ME THAN THIS COMPANY WILL EVER KNOW ABOUT ME AS WELL. SO, I'M  NOT REALLY BOTHERED BY THAT." OF COURSE, THERE ARE PRIVACY ISSUES TO CONSIDER - BY LINKING YOUR  FINGER TO YOUR BANK ACCOUNT, YOUR MOVEMENTS MIGHT BE TRACED. UNLIKE  USING CASH, FOR EXAMPLE. THE COMPANY SAYS IT DOES NOT STORE RAW BIOMETRIC INFORMATION ABOUT  CUSTOMERS. THE CRYPTO KEY GENERATED BY THE FINGER VEIN SCAN IS  STORED ANONYMOUSLY ON THEIR SERVERS. AND WE'RE TOLD FINGOPAY TERMINALS CAN ALSO TELL WHETHER THE FINGER IS  ATTACHED TO A REAL, LIVING PERSON. 

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. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.

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