AgDay Daily Recap - August 8, 2011

August 8, 2011 07:40 AM
 

TODAY ON AGDAY:
AUGUST 8, 2011

FARMLAND VALUES:
GOOD MORNING. THE LARGEST INCREASES IN FARM REAL ESTATE VALUES ARE CHASING THE CORN DOLLAR THIS YEAR. USDA PUBLISHES A REPORT YEARLY ON THE VALUE OF ALL LAND AND BUILDINGS ON FARMS. OVERALL, THE VALUE NATIONWIDE INCREASED AN AVERAGE OF 2,300 DOLLARS AN ACRE. THAT'S UP 7% OVER THE 2010. BY REGION, THE CORN BELT SAW THE BIGGEST YEAR TO YEAR INCREASE ON FARMLAND REAL ESTATE - UP NEARLY 16%. IT'S NOW JUST UNDER 4,600 DOLLARS AN ACRE. ON CROPLAND ALONE, CORN-RICH IOWA SAW THE BIGGEST GAINS FROM LAST YEAR. THEY'RE UP NEARLY 24%. THE STATEWIDE AVERAGE IS 5,700 DOLLARS AN ACRE. THE EDITOR OF LAND-OWNER NEWSLETTER EXPLAINS SOME OF THE KEY ELEMENTS OF THE REPORT.

ILLINOIS FARM COSTS:
HELPING SUPPORT THOSE LAND PRICES ARE STRONG COMMODITY MARKETS. AND IF PRICES, REMAIN HIGH, NEXT YEAR LOOKS TO BE ANOTHER PROFITABLE ONE FOR FARMERS. OF COURSE IT'S NEVER TOO EARLY TO DUST OFF THE SLIDE RULE. TODD GLEASON FROM THE UNIVERSITY OF ILLINOIS HAS A LOOK AT SOME PROJECTED 2012 CORN AND SOYBEAN BUDGETS.

BT RESISTANCE:
IT APPEARS CORN ROOTWORM MAY BE DEVELOPING RESISTANCE TO BT TOXINS. BT IS AN IMPORTANT TOOL USED IN MANY CORN HYBRIDS TO CONTROL PESTS. THE FIRST CASE APPEARED IN A FIELD IN NORTHEAST IOWA. ACCORDING TO IOWA STATE ENTOMOLOGIST AARON GASSMAN, HIS TEAM COLLECTED ROOTWORM ADULTS AND EGGS FROM THE FIELD. DURING THEIR LAB WORK, THEY DISCOVERED THAT THE LARVAE WERE ABLE TO SURVIVE ON BT CORN HYBRIDS. THERE'S ONE PARTICULAR PROTEIN IN QUESTION THAT THE RESEARCHERS ARE SEEING POSSIBLE RESISTANCE. WHILE NOT CONSIDERED A WIDESPREAD THREAT, MONSANTO SAY IT'S WORKING WITH PROFESSOR GASSMAN TO GET RECOMMENDATIONS ON HOW TO HANDLE THE APPARENT RESISTANCE.

TEXAS DROUGHT:
JULY IS OFFCIALLY THE WARMEST MONTH EVER RECORDED FOR THE STATE OF TEXAS--GOING BACK TO 1895. AND IF THAT'S NOT ADDING INSULT TO INJURY CLIMATOLOGISTS NOW BELIEVE THE LA NINA WEATHER PATTERN COULD RETURN IN 2012. THE LONE STAR STATE IS IN THE MIDST OF THE MOST SEVERE ONE-YEAR DROUGHT ON RECORD.
MORE THAN 90% OF THE STATE IS IN THE TWO MOST EXTREME STAGES OF DROUGHT. THE AG INDUSTRY TYPICALLY ACCOUNTS FOR ABOUT 9 PERCENT OF THE STATE'S ECONOMY. THIS YEAR LOSSES TO COULD TOP 8 BILLION DOLLARS. THE CLIMATE PREDICTION CENTER ISSUED A LA NINA WATCH, WARNING THE WEATHER PATTERN COULD RETURN IN 2012.
METEOROLOGISTS CINDI CLAWSON HAS MORE FROM THE LONESTAR STATE.

DUPONT TREE DAMAGE:
IN AGRIBUSINESS CHEMICAL MAKER, DUPONT, IS NOW FACING A CLASS ACTION LAWSUIT OVER ITS LAWN WEEDS KILLER IMPRELIS. THE SPRAY IS BEING BLAMED FOR KILLING THOUSANDS OF HEALTHY TREES ACROSS THE MIDWEST. THIS IS WHAT IT APPRENTLY DID TO EVERGREENS IN MISSOURI...IMPRELIS WAS APPLIED TO NEARBY LAWNS FOR WEED CONTROL. THE TIPS ARE CURLING AND NEEDLES TURNING BROWN BEFORE FALLING OFF. NORWAY SPRUCE AND WHITE PINE APPEAR TO BE THE MOST SUSCEPTIBLE. DUPONT, SEVERAL STATES AND THE EPA ARE INVESTIGATING THE DEATHS. IMPRELIS IS NOT AVAILABLE TO ALL HOMEOWNERS. IT'S RESTRICTED TO PROFESSIONAL LANDSCAPERS AND LAWN SPECIALISTS. THE CLASS ACTION LAWSUIT WAS FILED AUGUST FOURTH IN AN INDIANAPOLIS FEDERAL COURT ON BEHALF OF A PRIVATE GOLF COURSE. THE SUIT SAYS DUPONT FAILED TO DISCLOSE THAT IMPRELIS COULD HARM TREES EVEN WHEN USED AS DIRECTED.

ANALYSIS:
BRYAN DOHERTY

IN THE COUNTRY; 4H DONATIONS:
NOT EVERYONE CAN AFFORD SCHOOL SUPPLIES. THAT'S WHY SOME 4-H'ERS ARE VOLUNTEERING THEIR TIME TO COLLECT PENCILS AND NOTEPADS. IN THIS REPORT FROM THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY SAYS THEY'RE FOCUSING ON KIDS WHO LOST THEIR HOMES TO SPRING FLOODS. THANKS CHUCK. WE'LL STICK WITH THE "BACK TO SCHOOL" THEME FOR THIS MORNING'S FOOD AND YOUR FAMILY. UP NEXT, DANGERS ASSOCIATED WITH A HOMEMADE LUNCH THAT YOU PACK FOR YOUR KIDS.

SACK LUNCHES:
IN FOOD AND YOUR FAMILY MANY OF US PACK SACK LUNCHES FOR OUR CHILDREN AS THEY HEAD-OFF TO SCHOOL. IT MAY BE AN INEXPENSIVE ALTERNATIVE TO THE SCHOOL LUNCH PROGRAM. BUT THERE IS SOME RISK ASSOCIATED WITH SENDING HOMEPACKED LUNCHES - ESPECIALLY IF THEY'RE NOT PROPERLY COOLED. RESEARCHERS AT THE UNIVERSITY OF TEXAS CONDUCTED AN EXPERIMENT. THEY MEASURED THE TEMPERATURE OF SACK LUNCHES OF 700 PRE-SCHOOLERS AT NINE TEXAS CHILD CARE CENTERS. THE FIRST MEASUREMENT WAS AN HOUR AND A HALF BEFORE LUNCH-TIME. HERE'S WHAT THEY FOUND OUT.  39% OF THE LUNCHES HAD NO ICE PACKS. 45% HAD AT LEAST ONE ICE PACK. 88% WERE FOUND AT ROOM TEMPERATURE. WHEN YOU ANALYZE THE DATA, ONLY FEWER THAN 2% OF THE LUNCHES WITH PERISHABLE ITEMS WERE FOUND TO BE IN A SAFE TEMPERATURE ZONE. EVEN LUNCHES WITH ICE PACKS WERE NOT COMPLETELY SAFE. THE UT RESEARCHERS SAY PARENTS AND THE PUBLIC NEED TO BE EDUCATED ON SAFE FOOD PRACTICES TO PREVENT BACTERIA FROM GROWING AND CAUSING ILLNESS IN THEIR KIDS. THE STUDY IS PUBLISHED IN THE SEPTEMBER ISSUE OF "PEDIATRICS" MAGAZINE.

COUPON USE:
WHILE GETTING READY FOR BACK TO SCHOOL, MANY OF US WILL USE COUPONS AT THE CHECKOUT. IN FACT, COUPON USE IS SAVING AMERICAN'S ALMOST 18% MORE THAN IT DID JUST TWO YEARS AGO. SO FAR THIS YEAR COUPON REDEMTION HIT 1 POINT 7 BILLION--SAVING CONSUMERS 2 BILLION DOLLARS. AND THAT'S BETTER THAN AT THE SAME POINT IN 2009 AND 10--YEARS THAT SAW A RECORD NUMBER OF COUPONS HIT THE MARKETPLACE. ALTHOUGH THERE ARE FEWER COUPONS OUT THERE--MORE AMERICANS ARE REDEEMING THEM.
THE RESEARCHERS AT VALASSIS SAY A NEED FOR 'VALUE' IS DRIVING MORE SHOPPERS TO BE SAVVY DEAL SEEKERS IN TODAY'S ECONOMY.

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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