AgDay Daily Recap - April 20, 2011

April 20, 2011 08:58 AM
 

TODAY ON AGDAY:
APRIL 20, 2011

PANAMA FTA:
GOOD MORNING. A FREE TRADE AGREEMENT BETWEEN THE U.S. AND PANAMA IS TAKING A STEP TOWARD RATIFICATION. ON TUESDAY, U.S. TRADE REP RON KIRK ANNOUNCED THE PANAMANIAN GOVERNMENT RATIFIED A U.S. REQUESTED TAX TREATY--CLEARING ANY FINAL BARRIERS TO THE TRADE AGREEMENT. THE DEAL ALSO OPENS THE DOOR FOR TWO LARGER FREE TRADE PACTS TO MOVE FORWARD. HOUSE REPUBLICANS HAVE INSISTED THE PANAMA FTA BE COMBINED WITH THE SOUTH KOREAN AND COLUMBIAN DEALS SO ALL THREE CAN BE VOTED ON TOGETHER. A TAX ISSUE WAS THE LATEST HANG UP...PANAMA AGREED TO SHARE TAX INFORMATION WITH THE U.S.--- AFTER HAVING HISTORICALLY BEEN A HAVEN FOR TAX EVADERS. AG GROUPS, LIKE THE AMERICAN SOYBEAN ASSOCIATION, ARE PUSHING FOR RATIFICATION OF ALL THREE FTA'S. ASA PRESIDENT ALAN KEMPER TOLD ME, IF THE AGREEMENTS AREN'T PASSED, SOYBEAN GROWERS AND AMERICAN AGRICULTURE WILL CONTINUE TO LOSE GLOBAL MARKET SHARE.

FTA ALAN KEMPER:
SOYBEAN GROWERS AREN'T THE ONLY ONE'S PUSHING TO GET THESE AGREEMENTS PASSED. THE NATIONAL PORK PRODUCERS COUNCIL ALSO WANTS CONGRESS TO PASS ALL THREE. ACCORDING TO IOWA STATE UNIVERSITY ECONOMISTS THE PANAMA DEAL ALONE, WILL ADD 20 CENTS TO THE PRICE PRODUCERS GET FOR EACH HOG. EXPORTS TO THAT COUNTRY ARE EXPECTED TO INCREASE BY 16 MILLION DOLLARS A YEAR AND CREATE MORE THAN 200 U.S. JOBS.

CROP WATCH:
IN DROUGHT-STRICKEN TEXAS, GOVERNOR RICK PERRY HAS ASKED FOR A DISASTER DECLARATION FROM THE WHITE HOUSE DUE TO RAVAGING WILDFIRES. THE GOVERNOR'S OFFICE SAYS ALL BUT TWO OF THE STATE'S 254 COUNTIES HAVE EITHER HAD OR WERE THREATENED BY WILDFIRES. 198 COUNTIES ARE UNDER A BURN BAN. SINCE THE WILDFIRE SEASON BEGAN IN NOVEMBER, MORE THAN 1.5 MILLION ACRES HAVE BURNED.  LET'S CHECK IN NOW WITH METEOROLOGIST MIKE HOFFMAN, MIKE!  CLINTON, GOOD MORNING. WILDFIRES CONTINUE TO BREAKOUT IN MANY AREAS OF TEXAS. BUT EVEN WITHOUT THE FIRES, WHEAT FARMERS ARE HURTING. THE TEXAS AGRI-LIFE EXTENSION OFFICE SAYS DRY CONDITIONS, HEAT AND WIND, ARE DEVASTATING THE STATE'S WINTER WHEAT CROP. THE LATEST CONDITION RATING PUTS 40-PERCENT IN VERY POOR CONDITION. ACCORDING TO THE EXTENSION OFFICE, TEXAS FARMERS PRODUCE 100 MILLION BUSHELS OF WHEAT IN AN AVERAGE YEAR. BUT THIS YEAR IT LOOKS LIKE IT'S GOING TO BE A THIRD OF THAT.  MEANWHILE, THE SPRING WHEAT CROP IN NORTH DAKOTA IS ALSO IN TROUBLE. NATHAN SMITH FROM SMITH FARMS IN SAWYER, NORTH DAKOTA SAYS THEY'RE USUALLY ABOUT A WEEK INTO SEEDING THEIR SPRING WHEAT BY NOW. BUT THEY STILL HAVE SNOW ON THE GROUND AND PROBABLY WON'T SEE A FIELD UNTIL EARLY MAY.

WIND WILDLIFE:
WIND ENERGY GROUPS AND THE FEDERAL GOVERNMENT HAVE FORGED A DEAL TO PROTECT WILDLIFE THAT MAY BE ENDANGERED BY WIND TURBINES. WIND ENERGY COMPANIES, THE AMERICAN WIND ENERGY ASSOCIATION AND THE U-S FISH AND WILDLIFE SERVICE SIGNED A MEMORADUM OF UNDERSTANDING. THE GROUPS PLEDGED TO DEVELOP A HABITAT CONSERVATION PLAN THAT'S INTENDED TO PROTECT WILDLIFE THAT MAY BE IMPACTED BY WIND FARMS IN EIGHT MIDWESTERN STATES.

MACHINERY MINUTE APPS:
IN MACHINERY MINUTE THIS MORNING, WE'RE DIGGING INTO AMERICA'S NEWEST BORDUM BOX, THE SMARTPHONE. AGRICULTURE TOOLS ARE FINDING THEIR WAY ONTO THIS HANDY LITTLE DEVICE. FARM JOURNAL'S MACHINERY EDITOR MARGY FISCHER PROFILES FOUR APPS THIS WEEK FOR WWW.MYMACHINERY.COM . ALL FOUR ARE FOCUSED ON RESEARCHING AND BUYING FARM EQUIPMENT. ONE CALLED GIANTS OF AGRICULTURE INCLUDES 70 OF THE WORLD'S LARGEST TRACTORS, WITH 1,200 PICTURES, PLUS ANIMATIONS AND VIDEO. TWO OTHERS, TRACTOR HOUSE, AND AUCTION-TIME FEATURE THOUSANDS OF FOR-SALE LISTINGS FROM BOTH DEALERS AND AUCTIONS. THE LAST, TRACTOR-BY-NET-FORUM IS A DISCUSSION "LOCATION" FOR UTLITY TRACTORS LIKE KUBOTA, MASSEY FERGUSON, BOBCAT AND CUB CADET. THIS OF COURSE, JUST SCRATCHES THE SURFACE OF THE SMART PHONE'S FUTURE AS A MOBILE TOOL AND SOCIAL MEDIA HUB.

AG STOCKS:
IN AGRIBUSINESS, A STUDY FROM THE UNIVERSITY OF ILLINOIS SHOWS AGRICULTURE-RELATED COMPANIES ARE OUTPERFORMING A NUMBER OF THEIR NON-AG COUNTER PARTS ON THE S&P 500. THE REPORT LOOKED AT 21 AG-RELATED COMPANIES IN FIVE SECTORS: FERTILIZER, EQUIPMENT, SEED AND GENETICS, CROP PRODUCTION AND FIRST PROCESSORS. OVER THE PAST FIVE YEARS, THE AG-BASED COMPANIES SHOWED A NEAR 9% MARKET VALUE INCREASE, WHILE COMPANIES IN THE S&P 500 EXPERIENCED NEARLY A 3% DECLINE.

FERTILIZER PRICES:
FERTILIZER COMPANIES ARE ONE OF THOSE DOING WELL. OF COURSE, YOU DON'T HAVE TO TELL ROW-CROP FARMERS THAT. A RECENT STUDY CONDUCTED AT THE UNIVERSITY OF ILLINOIS SHOWS THE AVERAGE PRICE FOR ANHYDROUS AMMONIA IN ILLINOIS IS 797 DOLLARS PER TON, UP 20-DOLLARS SINCE THE BEGINNING OF THE YEAR. THE PRICE FOR DAP HAS RISEN 15-DOLLARS A TON TO 687. AND, POTASH INCREASED 33 DOLLARS TO 598 DOLLARS A TON.

ANALYSIS:
JIM BOWER

IN THE COUNTRY; PET SAFE GARDEN:
SPRING IS HERE, AND MANY OF US ARE DOING LANDSCAPING WORK. BUT HAVE YOU EVER CONSIDERED WHETHER THOSE PLANTS AND FLOWERS GROWING AROUND YOUR HOUSE ARE SAFE? THERE ARE A NUMBER OF COMMON PLANTS THAT COULD HARM YOUR DOGS AND CATS IF THEY INGEST THEM. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY HAS MORE ON HOW TO "PET-SCAPE" YOUR YARD. UT'S VETERINARY SCHOOL HAS SOME USEFUL TIPS ABOUT TOXIC AND NON-TOXIC PLANTS, GO TO THEIR WEBSITE - - WWW.VET.UTK.EDU . WE'LL ALSO PUT A LINK ON OUR WEBSITE. AND THERE'S A HANDY PHONE NUMBER FOR THE NATIONAL ANIMAL POISON CONTROL CENTER. THAT NUMBER IS 1-888-426-4435. FOOD AND YOUR FAMILY IS NEXT,

RETAIL MEAT PRICES:
IN FOOD AND YOUR FAMILY THIS MORNING, THE LATE SPRING--EARLY SUMMER GRILLING SEASON IS AROUND THE CORNER. BUT ACCORDING TO THE LATEST NUMBERS RETAIL MEAT PRICES ARE UP DOUBLE DIGITS OVER LAST YEAR. THE BUREAU OF LABOR STATISTICS RETAIL MEAT PRICES IN MARCH WERE UP MORE THAN 10% OVER LAST YEAR. THAT'S THE LARGEST INCREASE IN SEVEN YEARS AND THE BIGGEST YEAR OVER YEAR JUMP SINCE 2004. BEEF AND VEAL PRICES WERE UP 12% WHILE PORK ROSE 11. PORK BELLIES AND BACON CONTINUE TO SIT JUST BELOW ALL TIME HIGHS. BACON PRICES ARE NEARLY 25% HIGHER THAN LAST YEAR. ANALYSTS SAY HIGHER PRICES WILL LEAD TO SOFTENING DEMAND.

HOT DOGS DEMAND:
THOSE HIGHER MEAT PRICES MAY BE ONE REASON HOT DOGS ARE SELLING WELL. THE NATIONAL HOT DOG AND SAUSAGE COUNCIL JUST RELEASED ITS ANNUAL STUDY. IT PREDICTS SALES OF HOTDOGS AT THE NATION'S BASEBALL STADIUMS WILL INCREASE 5 PERCENT OVER LAST YEAR. IT EXPECTS GAME GOERS TO EAT IN THE NEIGHBORHOOD OF 22 MILLION 400 THOUSAND HOT DOGS. IT'S THE FIRST EXPECTED INCREASE IN 3 YEARS.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INBOX@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .


 

 

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