AgDay Daily Recap - December 15, 2010

December 15, 2010 05:23 AM
 

TODAY ON AGDAY:
DECEMBER 15, 2010

TAX BILL:
GOOD MORNING. WASHINGTON POLITICIANS TOOK ONE STEP CLOSER TO PASSING A COMPREHENSIVE TAX BILL BEFORE THE END OF THE LAME DUCK SESSION. ON MONDAY, 83 OF THE 100 SENATORS VOTED IN FAVOR OF MOVING THE 858 BILLION DOLLAR TAX BILL FORWARD. FINAL VOTES COULD HAPPEN AS EARLY AS TODAY. IT CURRENTLY INCLUDES EXTENDING THE BUSH ERA TAX CUTS, INCLUDING THE ESTATE TAX EXEMPTIONS, ETHANOL BLENDER'S TAX CREDITS, TARIFFS ON IMPORTED ETHANOL AND A RETROACTIVE BIODIESEL TAX CREDIT. IN THE HOUSE, THE TAX BILL'S SUCCESS IS LESS CERTAIN. THE ESTATE TAX EXEMPTIONS AND THE ETHANOL BLENDERS CREDIT REMAIN HIGH PROFILE TARGETS OF OPPONENTS. DEMOCRATIC HOUSE MEMBERS MET LAST NIGHT TO DISCUSS POSSIBLE ALTERNATIVES.

FARM BILL NORTH DAKOTA:
AS THE CONGRESSIONAL LAME DUCK RUSHES TO A CLOSE, THE AGRICULTURE INDUSTRY IS ALREADY WATCHING 2011. MOST NOTABLY CONGRESS IS EXPECTED TO BEGIN THE PROCESS OF WRITING THE NEXT FARM BILL. THE CURRENT ONE IS SET TO EXPPIRE IN 2012. POLICY WATCHERS PREDICT THE AGRICULTURE SIDE OF THE BUDGET WILL TAKE A BEATING...INCLUDING MAJOR REDUCTIONS IN COMMODITY PROGRAMS. NICK DREYER FROM AFFILIATE KMOT REPORTS. NICK SAYS AT LEAST ONE FARM GROUP - THE NORTH DAKOTA FARM BUREAU - IS PROPOSING THE ELIMINATION OF FEDERAL FARM PROGRAMS. THEY BELIEVE PRIVATIZING CROP INSURANCE IS A BETTER WAY TO GO.

MACHINERY MINUTE EQUIPMENT SALES:
IN MACHINERY MINUTE THE MONTH OF NOVEMBER 2010 SHOWED IMPROVED SALES COMPARED WITH THE SAME MONTH IN 2009 AND 2008, YET UNITS SALES STILL DIP BELOW THE 5-YEAR AVERAGE. THE ASSOCIATION OF EQUIPMENT MANUFACTURERS SAYS TOTAL FARM TRACTOR SALES WERE UP 22% FOR THE MONTH COMPARED WITH THE NOVEMBER 2009 SALES FIGURES. SO FAR THIS YEAR, SALES ARE UP 5% COMPARED WITH YEAR-TO-DATE NUMBERS FROM 2009. FOUR-WHEEL-DRIVE TRACTOR SALES WERE UP 27% YEAR-TO-DATE. SMALLER TRACTORS ARE UP ONLY ABOUT 4%.

EUROPEAN SALES:
IN EUROPE, FRENCH TRACTOR REGISTRATIONS HAVE RISEN FOR THE FIRST TIME THIS YEAR, WHICH COULD SIGNAL AN IMPROVEMENT IN THE DISASTROUS EUROPEAN ECONOMY. ACCORDING TO WWW.AGRIMONEY.COM , TRACTOR SALES IN FRANCE ARE UP 4% IN NOVEMBER. IN GERMANY, THERE WAS A 58% INCREASE, MOST OF THE SALES ARE FOR SMALLER, BELOW 100 HORSEPOWER TRACTORS.

AGWEB POLL:
WITH CHRISTMAS LESS THAN TWO WEEKS AWAY, THE CLEVER EDITORS AT www.agweb.com WANT TO KNOW WHAT WOULD BE THE WORST CHRISTMAS PRESENT THAT AGRICULTURE COULD RECEIVE THIS YEAR.  HERE ARE YOUR CHOICES - - NO ETHANOL TAX CREDIT, A RECORD CROP IN SOUTH AMERICA, A DROUGHT FROM LA NINA, OR SOMETHING ELSE? GO TO www.agweb.com , SCROLL DOWN THE RIGHT HAND SIDE OF THE SCREEN AND YOU'LL FIND THE BOX TO CAST YOUR VOTE. WHEN YOU CLICK ON THAT FIELD, YOU CAN ALSO LOOK AT THE RESULTS OF PAST E-POLL QUESTIONS. LAST WEEK'S QUESTION ASKED "WHAT IS THE TOP AG STORY OF 2010". 70% OF THOSE WHO VOTED SAID IT WAS THE DECLINING USDA CORN CROP PROJECTIONS. THANKS FOR TAKING PART IN THE VERY UN-SCIENTIFIC POLL.

RABO REPORT:
IN AGRIBUSINESS THIS MORNING, A NEW REPORT SAYS BUSINESSES IN THE AG SECTOR SHOULD EXPECT MORE MARKET VOLITILITY AND HIGHER PRICES. THIS COMES FROM A NEW RABOBANK FOOD AND AGRIBUSINESS RESEARCH AND ADVISORY REPORT. THE REPORT SUGGESTS WORLD AGRICULTURE MARKETS WILL MOVE TO RECORD HIGH YET MORE VOLATILE PRICE LEVELS. PUSHING THOSE NUMBERS, FOOD DEMAND FROM THE EAST, CHINA AND INDIA, AND NEWS FROM MAJOR PRODUCERS RUSSIA AND BRAZIL. THE REPORT EXPECTS RUSSIA'S DROUGHT ISSUES TO LAST AT LEAST ANOTHER YEAR IF NOT MORE. IN BRAZIL INFRASTRUCTURE PROBLEMS ARE PLAGUING PRODUCTION. AND IT SAYS BOTH INDIA AND CHINA GRAIN DEMAND COULD SWING PRICES TO NEW HIGHS.

ANALYSIS:
ANDY SHISSLER

IN THE COUNTRY; DATE CROP:
AH THE WEATHER. THERE'S NOTHING MORE POPULAR WITH PRODUCERS BE IT THE CAROLINAS OR COLORADO. AND IF YOU FIND YOURSELF IN A DROUGHT, TALKING AND PRAYING FOR RAIN IS ABOUT ALL YOU CAN DO.  BUT WHAT DO YOU GROW IF DRY AND DROUGHTHY IS ALL YOU KNOW.  WELL IN CALINFORNIA...THEY GROW DATES. CALIFORNIA COUNTRY'S TRACEY SELLERS TAKES US ON A DATE TO THE DESERT. THANKS TRACEY. COMING UP NEXT, WE TAKE A LOOK AT THE GROWING VARIETY OF FOODS GROWN INDOORS. FOOD AND YOUR FAMILY IS NEXT.

DIVERSE HORT:
MORE FARMERS ARE FARMING FRUITS AND VEGETABLES INSIDE. THAT'S TODAY'S FOOD AND YOUR FAMILY. THE USDA SAYS SALES FROM CROPS GROWN IN GREEN HOUSES UNDER SOME KIND OF PROTECTION HAS MORE THAN DOUBLE IN THE LAST DECADE. THE INCREASE IS ATTRIBUTED TO CHANGING FOOD TRENDS. ACCORDING TO RESULTS FROM THIS LATEST SURVEY, THE SALE OF FOOD CROPS INCLUDING FRUITS AND VEGETABLES GROWN IN HOT HOUSES OR UNDER PROTECTION--IS UP 149% SINCE 1998.  GROWERS NOW REPORT MORE THAN A HALF BILLION DOLLARS IN SALES ANNUALLY. U.S.D.A OFFICIALS SAY THE INDUSTRY IS SHOWING RESILIENCE IN THE FACE OF A TOUGH ECONOMY. THEY ATTRIBUTE THE GAINS TO INCREASED CONSUMER INTEREST IN FRESH FRUITS AND VEGETABLES.

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

 

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