AgDay Daily Recap -October 24, 2016

May 26, 2016 02:57 AM
 
AgDay Daily Recap -October 24, 2016

TODAY ON AGDAY
OCTOBER 24, 2016


HEADLINES
COMING UP TODAY ON AGDAY-WHERE ARE LAND PRICESHEADED IN 2017, WE'VE GOT EXCLUSIVE ANALYSIS FROM PROFARMER. PLUS, IMMIGRATION DISCUSSION FROM THE PRESIDENTIAL PLATFORM. IN AGRIBUSINESS... COULD A HEDGE LINE OF CREDIT HELP? WE GO TO THE BANK AND SAY HOW BOUT A HEDGE LINE OF CREDIT AND THE BANK I'VE NEVER HEARD THEM SAY NO MACHINERY PETE LOOKS AT PRICES BY GEOGRAPHY. AND THIS WISCONSIN UNIVERSITY MAKING ITS DAIRY NOT JUST A CLASSROOM BUT A HOME FOR ITS STUDENTS. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

LAND VALUES
GOOD MORNING I'M CLINTON GRIFFITHS. WITH TWO LEFT IN THE CALENDAR YEAR, WHERE CAN WE EXPECT LAND PRICES TO GO IN 2017...AND BEYOND? OUR REPORTING PARTNERS AT LANDOWNER NEWSLETTER JUST RELEASING THE RESULTS OF THEIR SURVEY ON LAND PRICES AND CASH RENTS. THEY SAY LAND PRICES ARE STILL SEARCHING FOR A FLOOR. ALSO NOTEWORTHY -THE DECLINE IN LAND VALUES IN THE EASTERN CORN BELT TRAILS THE WESTERN CORNBELT BY ABOUT A YEAR. WHILE THEIR EXPECATIONS ARE WESTERN BELT LAND    PRICES TO NOT BOTTOM UNTIL LATE 2017 INTO 2018, THE MARKET IS FINDING STABILZATION. AND AS TYNE MORGAN TELLS US, BOTH THE LAND AND CASH RENT DISCUSSION WILL BE A TOUGH ONE IN 2017. FARMING THIS FERTILE INDIANA GROUND IS BOTH JASON WYKOFF'S PASSION AND LIVELIHOOD.  BUT AFTER 22 YEARS, HE WAS FORCED TO MAKE ONE OF THE MOST DIFFICULT DECISIONS OF HIS CAREER. WE'D BEEN PREVIOUSLY FARMING ON SHARES. AND WHEN THIS LEASE WAS UP, THE OWNER WANTED TO GO TO A CASH RENT. WE FELT IT WAS JUST IN AN AREA WHERE WE COULDN'T SURVIVE LONG-TERMTHESE 12 HUNDRED ACRES WERE A VITAL PART OF WYKOFF'S BUSINESS FOR 8 YEARS. HE ADDED TILE, IRRIGATION AND OTHER IMPROVEMENTS TO MAKE IT A BETTER FARM.  AND SO WALKING AWAY WAS A DICISION WYKOFF DIDN'T TAKE LIGHTLY. IT'S INCREDIBILY DIFFICULT TO TRY AND MAKE THOSE DECISIONS. AND NEARLY A YEAR LATER, IT'S ONE HE DOESN'T REGRET. IF WE WERE STILL FARMING THAT FARM IN THE CURRENT SITUATION, I WOULD HAVE A LOT OF ANXIETY> WYKOFF ISN'T ALONE. IN PROFARMER'S ANNUAL LAND OWNER SURVEY, OTHER FARMERS SAY IF PRICES DON'T COME DOWN, THEY MAY WALK AWAY, TOO. ACCORDING TO OUR SURVEY, WE FIND THAT 44 PERCENT OF OUR MEMBERS AND SUSCRBINERS ARE WILLING TO WALK AWAY FROM A CASH LEASE IF THAT LEASE IS NOT LOWERED GOING INTO 2017. BASED ON THESE NUMBERS, HE SAYS THE CASH RENT CONVERSATIONS WILL BE EVEN THOUGHER THAN LAST YEAR. THAT WAS WHEN WE SAW CASH RENTS GOING DOWN BY 5 TO 7, SOMETIMES 10 PERCENT IN SOME AREASWALSTEN SAYS ANOTHER  5 TO 8 PERCENT REDUCTION IN 2017 CASH RENTS SEEMS REASONABLE. AND WHEN IT COMES TO LAND VALUES, THOSE COULD ALSO SEE A DECLINE THIS YEAR, BUT MAYBE NOT AS STEEP AS YEARS PAST. WE FIND PEOPLE RECOGNIZING THE REALITY OF THINGS AND THAT IS LAND VALUES ARE GOING LOWER. BUT HERE TOO WE'RE SEEING MORE PEOPLE NOW LOOKING FOR A REDUCITON OF LESS THAN 10 PERCENT IN 2017 THAN THE PRIOR YEAR. FEWER PEOPLE LOOKING FOR A REDUCTION GREATER THAN 10 PERCENT. "WE WOULD SAY THE PEAK WAS PROBABLY IN LATE 2013, EARLY 2014 FOR FARMLAND. AND WE'RE PROBABLY SOMEWHERE 20 TO 25 PERCENT OFF OF THAT NUMBER TODAY. HALDERMAN SAYS 2016 WAS AN INTERESTING YEAR, AS FARMER SENTIMENTS HAVE BEEN ON A ROLLERCOASTER RIDE THE ENTIRE TIME. "I WOULD ARGUE THAT THE WORST TIME TO SELL A FARM THIS YEAR WAS MARCH, APRIL OF 2016. THAT WAS WHEN WE SAW THE MOST NEGATIVE ATTITUDES." THAT ECHOES THE AG ECONOMY BAROMETER, WHEN PRODUCERS' OUTLOOKS BOTTOMED OUT AT 85. "SO, WHAT WE SAW WAS A DECLINE INTO MARCH OR APRIL, AND THEN REALLY, MAYBE A BLIP UP OR SOME STABILITY THROUGHOUT EVEN TODAY. WE SEE THAT 30 PERCENT OF OUR AUDIENCE ARE WILLING TO STEP INTO THE LAND MARKET IF THE RIGHT DEAL COMES ALONGHALDERMAN SAYS JUST LAST WEEK, THEY HAD A SALE IN RUSH COUNTY, INDIANA GO FOR 11,000 DOLLARS AN ACRE. AND IT WAS A FARMER WILLING TO PAY SUCH A HIGH PRICE. "WE TEND TO SEE ON MOST OF OUR ACUTAIONS STILL TODAY, 75% OF THE BUYERS ARE WHAT WE TERM, "FARMER BUYERS."" BUT PRICES ARE STILL SEARCHING FOR A FLOOR. "I THINK IF WE CONTINUE TO SEE $3.25 CORN GOING INTO NEXT YEAR, WITH NOT A LOT OF HOPE FOR SOME HIGHER NUMBERS THAN THAT, I THINK HERE IN THE EASTERN CORN BELT YOU COULD STILL SEE SOME LAND VALUES UNDER PRESSURE." WHETHER TO BUY, SELL OR WALK AWAY FROM A PRICEY CASH RENT, THESE ARE ALL DIFFICULT DECISIONS FARMERS WILL FACE OVER THE NEXT YEAR. RENT DECISIONS CAN BE VERY EMOTIONAL. AND THAT LED US TO THE PROCESS OF HOW ARE WE GOING TO MAKE THESE DECISIONS. AND ONCE WE TRY TO TAKE THE EMOTION OUT OF IT, IT ACTUALLY THEN BECAME VERY EASY. WHILE WYKOFF HOPES TO HOLD ON TO EVERY ACRE HE FARMS TODAY, IT'S SOME OF THOSE TOUGH DECISIONS THAT CAN HELP SAVE FARMERS' BOTTOMLINE. HALDERMAN TOLD AGDAY THEY HAVEN'T SEEN A FLOOD OF LENDER FORCED LAND SALES YET. BUT AS FEWER FARMERS COME TO THE TABLE TO BUY, THEY ARE SUGGESTING FEWER LAND AUCTIONS AND MORE PRIVATE SALES.WITH TIME RUNNING SHORT ON THE ELECTION, CANDIDATES ARE WORKING TO LOCK UP VOTES. AT A PRESIDENTIAL CANDIDATE FORUM CO HOSTED BY FARM JOURNAL MEDIA AND THE FARM FOUNDATION, SURROGATES FOR BOTH SIDES OF THE TICKET WERE ON HAND TO DISCUSS MAJOR AG TOPICS. INCLUDING SITTING DOWN WITH ME TO FOCUS ON    IMMIGRATION. ON THE IMMIGRATION SIDE, LABOR IS VERY IMPORTANT TO AGRICULTURE. WHAT DO YOU SEE AS A WAY TO HELP AG IMPROVE THEIR LABOR SITUATION DURING THIS IMMIGRATION DEBATE? I THINK THIS IS REALLY A IT'S A FASCINATING QUESTION. WHAT I THINK IS GOING TO HAPPEN IS WHEN WE WIN, WE'RE GOING TO SIT DOWN AND MAKE SURE FARMERS AND RANCHERS HAVE A PLACE  AT  THE TABLE. WE WANT TO MAKE SURE THAT THEY UNDERSTAND WE'RE NOT GOING TO GO OUT AND CRIPPLE OUR INDUSTRY SIMPLY BECAUSE WE'VE HAD A CHANGE OF ADMINISTRATION. WE WANT TO MAKE SURE THAT THEY UNDERSTAND THOUGH ALSO THAT WE ARE GOING TO ESTABLISH THE RULE OF LAW AND WE WANT THEIR WORKFORCE TO BE LEGAL. SO WILL GIVE THEM TIME TO TRANSITION TO A LEGAL WORKFORCE. AND FRANKLY THE RULES AND PROCEDURES WERE ALREADY IN PLACE FOR THEM TO DO IT AND SO IT'S STUNNING TO ME THAT IT HASN'T BEEN DONE UP TO NOW. NOTHING IS MORE IMPORTANT TO AMERICAN AGRICULTURE. OUR INDUSTRY IS BEING CRIPPLED. WE'RE SEEING AND I TALKED A LOT OF LEADERS IN AGRICULTURE AND THEY'RE SAYING YOU KNOW WE DO NOT HAVE CERTAINTY. WE'RE  NOT BUILDING UP OUR PROCESS SAME BECAUSE WE DON'T KNOW OF THE LABOR SUPPLIES GOING TO BE THERE. I'VE SEEN FARMERS LEAVE ASIDE FIELDS. THIS IS A CRISIS. HILLARY CLINTON DOES HAVE A PLAN ON IMMIGRATION REFORM. SHE HAS MADE A COMMITMENT DURING HER FIRST HUNDRED DAYS. SHE'LL PUT FORWARD A COMPREHENSIVE PLAN AND GET PAST THIS POLITICAL   IMPASSE ON IMMIGRATION. AMERICAN AGRICULTURE IS  REALLY DEPENDENT ON FOREIGN BORN LABOR AND WE NEED TO FIGURE THIS   OUT.

CATTLE ON FEED
THE LATEST CATTLE ON FEED REPORT SHOWS A SLIGHT INCREASE FROM A YEAR AGO.  TEN-POINT-THREE MILLION HEAD ARE IN THE FEEDLOTS. PLACEMENTS TOTALLED ONE-POINT-NINE MILLION HEAD. TWO PERCENT LOWER FROM A YEAR AGO. USDA SAYS THIS IS THE LOWEST LEVEL SINCE 1996. AND MARKETINGS TOTALLED ONE-POINT-SEVEN MILLION, FIVE PERCENT HIGHER THAN A YEAR AGO.                                             

CHINA INCREASE NEW CROP CORN BUYS
CHINA WILL END AUCTIONS FROM ITS STATE CORN RESERVES TO INCREASE NEW-CROP CORN BUYS, ACCORDING TO THE NATIONAL GRAIN TRADE CENTER.CHINA HAS SOLD AROUND 20 MILLION METRIC TONS OF OLD-CROP RESERVE CORN AT THOSE AUCTIONS THIS YEAR. THE CENTER SAYS IT WILL CONSIDER ADDITIONAL CORN STOCKPILE SALES IN MAY OF 2017.

CROP COMMENTS
CROP COMMENTS IS POWERED BY RESICOREHERBICIDE FOR CORN, FROM DOW AGROSCIENCES. MIKE HOFFMAN HAS CROP COMMENTS TO START OFF YOUR MONDAY MORNING. MIKE. GOOD MORNING, CLINTON. LET'S START OF SOUTHCENTRAL, NEBRASKA... JD POSTED ON TWITTER HIS NEIGHBORS ARE KEEPING THE TRADITION OF PICKING CORN ALIVE! THIS GIVES THE PHRASE 'KNOWING YOUR ROOTS' A WHOLE NEW MEANING. YOU CAN SEE IN THIS NEXT PHOTO MAN'S BEST FRIEND IS TAGGING ALONG THIS HARVEST. GILMAN, ILLINOIS FARMER, RON HAASE SAYS 'THE BOSS' LIKES TO SUPERVISE IN THE FIELDS. USDA IS RELEASING A NEW CROP PROGRESS REPORT THIS AFTERNOON. NOW TAKING A LOOK AT THE WEATHER MAP THE DROUGHT MONITOR SHOWING DRY AREAS INTO THE SOUTH EAST NORTH EAST AND ALSO SOUTHERN AND CENTRAL TEXAS WE'VE HAVEN'T SEEN A LOT OF CHANGE IN THAT OVER THE LAST WEEK WE'LL TALK MORE ABOUT YOUR FORECAST FOR THE COMING WEEK IN JUST A FEW MINUTES BUT NOW HERE ARE SOME HOMETOWN TEMPS

TEASE
WHEN WE COME BACK, WE'LL DISCUSS GETTING A HEDGE LINE OF CREDIT AND MANAGING A FLUSH OF CASH.  PLUS MACHINERY PETE... STAY TUNED FOLKS COMING UP WE'RE GONNA TALK ABOUT WHERE CERTAIN KIND OF TRACTOR SELLS FOR THE MOST MONEY. PLUS STUDENTS AT A WISCONSIN COLLEGE DON'T HAVE TO WALK VERY FAR TO GET TO THEIR CLASSES ON THE DAIRY INDUSTRY.

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA -MAKERS OF VIKING SIDE-BY-SIDES.  YAMAHA - REAL WORLD TOUGH. IN AGRIBUSINESS LETS SEE HOW MARKETS WRAPPED UP THE WEEK. WE HEAD TO THE FLOOR OF THE  CME IN CHICAGO FOR DETAILS. WE'RE SEEING SOYBEANS CONTINUING ON A STRENGTHENING MODE. WE SAW A LITTLE BIT OF A PULLBACK YESTERDAY. WE'RE WELL ABOVE THE SALES THAN WE WERE AT THE SAME TIME LAST YEAR. THIS IS ALL ON THE CURRENT CROP CONDITIONS. BRAZIL SALES ARE DOWN. WE'RE SEEING A LOT OF EXPORTS COMING OUT OF THE U.S. HERE. ALMOST TWICE AS MUCH AS WHAT PEOPLE WERE ANTICIPATING FOR THE WEEK. SO WE'RE SEEING THESE NUMBERS EVEN WITH THE STRONG U.S. DOLLAR CONTINUING TO CLIMB. LET'S TAKE A LOOK AT THE CATTLE. WE'RE SEEING TWO DAYS IN A ROW WITH SOME POSITIVE TRADING ON IT AFTER BEING DOWN. ON THE CATTLE IN PARTICULAR, WE WERE AT 50 MONTH LOWS ON THE DECEMBER CONTRACT. WHAT WE'RE LOOKING AT STILL IS A PRODUCTION SITUATION THAT NEEDS TO BE PULLED BACK. THEY'RE HOPING AT THE END OF THE DAY THAT THE TOTAL NUMBERS ARE GOING TO BE UNDER 600 THOUSAND HEAD FOR THE WEEK.

AGRIBUSINESS
TOMMY GRISAFI, ADVANCE TRADING, OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. TOMMY LET'S TALK ABOUT, UM, WHAT ARE WE GOING TO DO WITH SOME OF THE MONEY, WE'RE ACTUALLY, IF WE'RE SELLING THIS GRAIN OFF THE COMBINE, WE GOT THAT MONEY, OBVIOUSLY WE'VE GOT BILLS TO PAY, WHAT ARE YOU HEARING THAT FOLKS ARE DOING WITH THAT WELL, A LOT OF YOU KNOW, A LOT OF FARMERS, I HAVE A FEW CLIENTS DON'T HAVE OPERATING NOTES BUT MOST FARMERS IN FARMING AND VAULT BORROWING MONEY, PAYING IT BACK AND DOING IT OVER AGAIN. WHAT WE'RE FINDING IN OUR INDUSTRY AND OUR LINE OF WORK IS THAT THINGS WERE REALLY TIGHT A FEW MONTHS AGO. WE THOUGHT THERE WAS A GOOD CROP AND ENDS-UP THERE'S A GREAT CROP. FARMERS WERE ABOUT THEIR LINE OF CREDIT WAS ABOUT MAXED OUT. SO WHAT WE'VE BEEN HELPING FARMERS DO IS OPEN A HEDGE LINE OF CREDIT. WE GO MEET WITH THE BANK. IT'S NOT A NEW IDEA. OKAY. BUT THAT YOUR PRICE PRICES WERE SO HIGH FOR SO LONG, THERE WERE SO MANY PROFITS, THAT MONEY'S GONE. A LOT OF EQUITIES BEEN CHEWED THROUGH. AND SO BUT AS YOU COME UPON A RECORD CROP WE NEED TO KEEP HEDGING, PROTECTING, BECAUSE SOME OF THESE GUYS HAVE A HARD TIME GET OUT OF THE FIELD. BUT SOYBEANS ARE RALLYING FIFTEEN CENTS A DAY. WE GO TO THE BANK AND SAY HOW ABOUT A HEDGE LINE OF CREDIT. AND THE BANK I'VE NEVER HEARD HIM SAY NO.  I MEAN IT'S JUST SOMETHING YOU HAVE TO GO AND SAY I HAVE MY OPERATING NOTE. I THINK I NEED ABOUT THIS MUCH MONEY TO BE INVOLVED IN AN OPTION PROGRAM OR HAVE A FUTURES AND OPTIONS ACCOUNT AND SO THERE'S A LOT OF MONEY GOES AROUND IN AGRICULTURE. AND I THINK THAT THAT THE FARMER FORGETS HOW BIG THEY BECOME. THAT THEY'RE RUNNING A MULTI MILLION DOLLAR BUSINESS AND THIS IS JUST SOMETHING THAT'S TOTALLY NORMAL IN ANY OTHER BUSINESS. ANOTHER STRATEGY. ANOTHER STRATEGY. AND JUST TO NOT CLUMP ALL YOUR MONEY INTO THAT YOU KNOW YOUR YOUR LINE OF CREDIT. AND START SEPARATING WHERE MONEY'S GOING TO. A LOAN ON MACHINERY. A LOAN TO BUY SEED. THEN HAVE YOUR HEDGE LINE OF CREDIT TO KEEP TRACK OF YOUR MARKETING. AT THE END WHEN YOU TAKE A P-AND-L FROM YOUR PROFITS OR LOSSES FROM FUTURES AND OPTIONS, AND PUT IT TOGETHER WITH YOUR CASH SALES, CUZ THAT'S WHERE THE MONEY'S MADE, IT IS ALOT EASIER TO KEEP CLEAN. ALRIGHT APPRECIATE THE ADVICE. THANK YOU TOMMY, WE'LL BE BACK WITH MORE AGDAY IN A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY MIKE HOFFMAN HERE. MIKE, LOOKING AT THE SEVEN DAY, A LOOK AT RAIN I THINK NOT AS MUCH RAIN AS WE'VE  HAD IN PREVIOUS WEEKS. NO, IT REALLY ISN'T. IT'S VERY MUCH ON THE LOW SIDE JUST A COUPLE OF POCKETS THERE DID SEE SOME DECENT AMOUNTS AND AS YOU CAN SEE THAT WAS PRETTY MUCH LIMITED TO A STRIP TO MISSOURI ALL THE WAY INTO PARTS OF WESTERN NEW ENGLAND, EASTERN GREAT LAKES WITH THE MAIN POCKETS THERE OF SOUTH CENTRAL INDIANA AND ILLINOIS AS WELL AS ANOTHER PARK IN NORTHWESTERN PENNSYLVANIA INTO WESTERN NEW YORK STATE OTHER THAN THAT WE REALLY DIDN'T MORE THAN AN INCH OF RAIN IN MANY PARTS OF THE COUNTRY. JUST A FEW SPOTS OUT THE NORTHWEST AS WELL. THERE'S A JET STREAM WAS RESTART THIS WEEK. WE STILL HAVE THE BIG TROUGH IN THE NORTHEAST THAT'S BEEN BRINGING IN IN THE COOLER AIR FROM MOST OF THE EASTERN HALF OF THE COUNTRY AND ALSO THE BIG TROUGH OFF THE WEST COAST IS NOW SENDING STORM SYSTEMS INLAND AS WE LOOK THROUGH THIS WEEK YOU CAN SEE A LITTLE BIT OF A RIPPLE THROUGH THE MIDDLE OF THAT RIDGE. IT  KIND OF BRINGS A STORM SYSTEM THROUGH THE MIDDLE OF THE COUNTRY FOR A COUPLE OF DAYS THERE BUT THE RIDGE STILL POPPING UP ON THAT WESTERN PORTIONS OF THE COUNTRY AS WE HEAD TOWARD THE WEEKEND THEN BY FRIDAY INTO SATURDAY THE TROUGH TRIES TO COME IN LAND IN THE WEST. THE RIDGE GETS FLATTENED OUT BUT IT'S STILL PRETTY WARM FOR THE SOUTHERN PLAINS INTO THE SOUTHEAST IN THAT SCENARIO AND AS WE HEAD THROUGH IT NEXT WEEKEND AND INTO THE FOLLOWING WEEK, YOU CAN JUST KIND OF SEE THINGS ARE MOVING FROM WEST TO EAST ACROSS A COUNTRY. NO MAJOR BLAST OF COLD AIR COMING ANYTIME SOON AFTER THIS STUFF IN THE NORTHEAST LEAVES. SO, THIS WEEK TEMPERATURES, I AM STILL GOING BELOW  NORMAL FOR THE NORTHEASTERN PORTIONS OF THE COUNTRY. THAT'S GENERALLY THE FIRST HALF OF THE WEEK. THEN IT WILL MODERATE A LITTLE BIT. ABOVE NORMAL FOR MOST OF THE PLAINS, MOST OF THE   SOUTHEAST AND ALL THE WAY TO ALMOST THE WEST COAST. BUT WE  WILL GO NORMAL IN THOSE AREAS BECAUSE YOU FOLKS ARE GOING TO BE ABOVE NORMAL AS FAR AS RAINFALL IS CONCERNED. MOST OF CALIFORNIA, WESTERN NEVADA AND WASHINGTON AND OREGON. THAT'S SOME GOOD NEWS FOR THE DROUGHT SITUATION IN THE FAR SOUTHWEST. BELOW NORMAL FOR THE FAR WESTERN PLAINS AND MUCH OF THE GULF COAST IN SOUTHEAST COAST. ABOVE NORMAL THEN WITH THE STRIP FROM ABOUT IOWA ALL THE WAY THROUGH THE GREAT LAKES IN THE EASTERN PORTIONS. NOW THE THIRTY DAY OUTLOOK TAKES US THROUGH MOST OF THE MONTH OF NOVEMBER ABOVE NORMAL FOR MOST OF THE EASTERN TWO THIRDS OF THE COUNTRY SO ANYBODY BEHIND ON GETTING THINGS DONE  IN FIELD YOU SHOULD BE OK. THEY'RE BELOW NORMAL THEN OUT IN THE FAR WEST.OTHER THAN THAT, NEAR NORMAL. NOW AND THIRTY DOLLARS FOR PRECIPITATION GENERALLY BELOW NORMAL FOR THE SOUTHERN STATES. ABOVE NORMAL FOR  THE NORTHERN TIER STATES AND SOUTHERN PORTIONS OF CANADA. THAT'S A LOOK ACROSS A COUNTRY NOW LET'S  TAKE A LOOK AT SOME LOCAL FORECASTS. WALLA, WALLA WASHINGTON, MOSTLY CLOUDY AND MILD. MAYBE A  SHOWER THIS AFTERNOON. HIGH OF SIXTY FIVE. TEXARKANA, TEXAS SUNSHINE AND RATHER WARM. HIGH OF EIGHTY ONE AND OKEECHOBEE FLORIDA, MIX OF SUN AND CLOUDS HIGH AROUND EIGHTY.

TEASE
WHEN WE COME BACK, MACHINERY PETE IS HERE TO DISCUSS HOW GEOGRAPHY CAN IMPACT MACHINERY PRICES. AND A WISCONSIN COLLEGE MAKES A WALK TO CLASS VERY CONVENIENT...ESPECIALLY WHEN CLASS IS INSIDE A DAIRY BARN.WITH MARKET PRICES CONSTANTLY CHANGING, IT'S IMPORTANT TO KNOW WHERE CURRENT PRICES STAND. GET MARKET PRICES DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT MARKETS TO 31313 TO GET STARTED!

MACHINERY PETE
MACHINERY PETE - SPONSORED BY THE GRIT, TOUGHNESS AND PERSERVERANCEOF FARMERS EVERYWHERE, WHO RELY ON CHEVRON DELO.  BECAUSE UNCOMMON JOBS REQUIRE UNCOMMON TOUGHNESS. CHEVRON DELO-LET'S GO FURTHER. AS MACHINERY PETE SHOWS US THIS MORNING, WHERE YOU LIVE MAY HAVE A BIG IMPACT ON THE PRICES YOU SEE AT AUCTION. EVERYWHERE I GO PEOPLE ASK ME, HEY MACHINERY PETE ARE THEIR GEOGRAPHIC DIFFERENCES IN USED EQUIPMENT PRICES? AND THE ANSWER USUALLY IS YES. IN FACT RIGHT NOW THERE'S ONE PARTICULAR TYPE OF EQUIPMENT WHERE I'M SEEING THIS MOST. AND IT'S WITH FOUR WHEEL DRIVE TRACTORS. AND THE FACT IS THEY'RE JUST SELLING FOR MORE MONEY UP NORTH IN CANADA. GREAT EXAMPLE WAS ON A FARM AUCTION LAST THURSDAY IN WEST CENTRAL SASKATCHEWAN. SALE BY MY FRIENDS AT CRAMER AUCTIONS LTD.  SOLD THIS 2014 JOHN DEERE NINETY FIVE TEN R. IT ONLY HAD THIRTEEN HOURS ON IT, SO A LIKE NEW TRACTOR SOLD WITHOUT THE BLADE AND WENT FOR FOUR HUNDRED TWENTY TWO THOUSAND FIVE HUNDRED BUCKS CANADIAN. NOW WHEN YOU CONVERT THAT INTO U.S DOLLARS, IT COMES OUT OF THREE HUNDRED NINETEEN THOUSAND THREE HUNDRED SIXTY TWO BUCKS. AND THAT IS THE HIGHEST AUCTION PRICE I'VE EVER SEEN ON A 9510R. THE PREVIOUS HIGH WAS TWO HUNDRED NINETY EIGHT THOUSAND DOLLARS THAT CAME BACK ON FEBRUARY TEN TWENTY FIFTEEN ON LINE  FARM AUCTION IN EAST CENTRAL SOUTH DAKOTA BY MY FRIENDS AT THE STEFFES GROUP. NOW ANOTHER TO LOOK AT HOW STRONG THIS PRICE WAS LAST THURSDAY IN SASKATCHEWAN, THREE HUNDRED NINETEEN THOUSAND THREE HUNDRED SIXTY TWO BUCKS, IF YOU GO TO MACHINERYPETE.COM WE GOT 114 NINETY FIVE TEN R'S LISTED FOR SALE BY DEALERS ALL OVER THE COUNTRY. AND ONLY TWO OF THEM ARE ADVERTISED AT OVER THREE HUNDRED THOUSAND. THIS IS MACHINERY PETE SEE YOU AT THE SALES. THANKS GREG. THIS MAY LOOK LIKE ANOTHER DAIRY FARM...BUT THIS ONE HAS UNIQUE LIVING ARRANGEMENTS FOR COLLEGE STUDENTS. DETAILS ARE STRAIGHT AHEAD.

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 KUBOTADEALER. IF YOU'VE SENT YOUR TEENAGER TO COLLEGE IN RECENT YEARS, YOU MAY BE FAMILIAR WITH HOUSING THAT PUTS YOUR STUDENT IN THE SAME DORM OR FLOOR WITH STUDENTS WITH SIMILAR INTERESTS, SUCH AS AN HONORS DORMITORY.  AT THE UNIVERSITY OF WISCONSIN IN PLATTEVILLE, STUDENTS CAN LIVE, LEARN AND WORK ON A REAL DAIRY FARM. WE GET DETAILS IN THE VIDEO FROM THE WISCONSIN MILK MARKETING BOARD. ALTHOUGH TRAVIS FRANKS DID NOT GROW UP ON A FARM, HE WORKED ON ONE THROUGHOUT HIGH SCHOOL. HE ENROLLED AT UW-PLATTEVILLE AND CHOSE THE COOPER LIVING AND LEARNING CENTER AS HIS HOUSING OPTION, ALLOWING HIM TO LIVE, LEARN AND WORK AT PIONEER FARM ON CAMPUS. "THERE'S A LOT OF OPPORTUNITIES TO LEARN UP HERE AT THE FARM. BEING OUT HERE YOU'RE KIND OF CONNECTED TO THAT." "THE STUDENTS JOB  WOULD BE TO MAKE SURE THAT WE'RE KEEPING UP WITH THAT…"CLOSELY MENTORED BY HIS ADVISOR DR. TERA MONTGOMERY, TRAVIS SEES THIS OPPORTUNITY AS A WAY TO PLAN FOR HIS FUTURE! "BEING OUT HERE, CLOSER TO THE FARM, WE GET MORE HANDS-ON EXPERIENCE AND IT DEFINITELY MAKES US MORE MARKETABLE FOR AFTER GRADUATE TO FIND A JOB!" GAINING CLASSROOM KNOWLEDGE ALONG WITH PRACTICAL EXPERIENCE ON THE FARM IS WHAT WILL HELP PREPARE TRAVIS FOR HIS FUTURE IN THE DAIRY INDUSTRY. "IT'S REALLY AN AWESOME OPPORTUNITY FOR THEM TO EXPERIENCE RURAL LIVING, THE FARM LIFE, THE OPPORTUNITIES THAT THE FARM GIVES THEM, BUT THEN ALSO THEY'VE GOT PLENTY OF CLASSES ON CAMPUS WHERE THEY CAN REALLY INTERACT WITH THE GENERAL POPULATION AS WELL." FOR DR. MONTGOMERY, THE COOPER LIVING AND LEARNING CENTER IS AN ASSET THAT WILL HELP STUDENTS, LIKE TRAVIS, GAIN THE HANDS-ON EXPERIENCE NECESSARY TO HIT THE GROUND RUNNING AFTER GRADUATION. "A LOT OF THE PROGRAMMING THAT THE COOPER LIVING AND LEARNING CENTER DOES IS FOCUSED AROUND AGRICULTURE. SO IT'S A CONSTANT LEARNING ENVIRONMENT AND IT'S NOT JUST SOMETHING THAT THEY'RE DOING PART OF THE TIME, IT'S SOMETHING THAT THEY'RE REALLY IMMERSED IN ALL OF THE TIME." AND THAT'S WISCONSIN DAIRY NEWS. U-W-PLATTEVILLE HAS ALWAYS HAD A WORKING FARM. BUT THIS IS ONLY THE SECOND YEAR FOR THE RESIDENCE HALL ON THE FARM.                                             

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

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