AgDay Daily Recap - December 21, 2010

December 21, 2010 09:48 AM
 

TODAY ON AGDAY:
DECEMBER 21, 2010

MAINSTREET INDEX:
WE'VE SEEN THE CHALLENGES ON WALL STREET, BUT HOW ARE THINGS DOING ON MAIN STREET. . . IN RURAL AMERICA? BANKERS THAT SERVE FARM COUNTRY IN TEN STATES SAY MAINSTREET ECONOMIES CONTINUE TO SHOW POSITIVE GROWTH. THOSE ARE THE RESULTS OF A MONTHLY SURVEY CONDUCTED BY CREIGHTON UNIVERSITY IN OMAHA, NEBRASKA.  THEIR DATA SHOWS MUCH OF THAT OPTIMISM IS BASED ON HEALTHY FARM INCOMES. EACH MONTH, COMMUNITY BANK PRESIDENTS AND CEO'S IN NON-URBAN AND AGRICULTURAL PORTIONS OF THE 10-STATE AREA ARE SURVEYED ABOUT THE ECONOMIC CONDITIONS IN THEIR COMMUNITIES. BANKERS FROM ILLINOIS TO COLORADO, AND FROM NORTH DAKOTA TO KANSAS ARE INCLUDED. THEIR PROJECTIONS LOOK SIX MONTHS DOWN THE ROAD. ACCORDING TO CREIGHTON, THE OVERALL INDEX FOR THE RURAL ECONOMY ADVANCED TO ITS HIGHEST LEVEL SINCE JANUARY 2008. PART OF THAT SURVEY LOOKS AT FARMLAND PRICE INDEX, WHICH SHOWS GROWTH FOR THE 11TH STRAIGHT MONTH. LANDOWNER EDITOR MIKE WALSTEN SAYS THAT STRENGTH SHOULD NOT COME AS A SURPRISE, ESPECIALLY IN STATES LIKE IOWA WHERE LAND VALUES CONTINUE TO SURGE.

WALSTEN LAND VALUES:
THIS MONTH BANKERS WERE ASKED TO NAME THE BIGGEST THREAT TO THE RURAL MAINSTREET ECONOMY FOR 2011. OVER ONE-THIRD INDICATED THAT A BURSTING OF THE FARMLAND PRICE BUBBLE WAS THE NUMBER ONE THREAT TO THE ECONOMY FOR NEXT YEAR. MORE THAN ONE IN FOUR OF THE BANKERS NAMED LOW AGRICULTURAL COMMODITY PRICES AS THE NUMBER ONE RISK FOR THE RURAL MAINSTREET ECONOMY.

E15 SUIT:
FROM MAIN STREET...TO THE COURTROOM...THE NATION'S AUTOMAKERS ARE JOINING EFFORTS TO BLOCK THE USE OF A HIGHER BLEND OF ETHANOL IN NEWER AUTOS. THE ALLIANCE OF AUTOMOBILE MANFACTURERS - A TRADE GROUP REPRESENTING DETROIT'S BIG THREE AUTOMAKERS - JOINED A LAWSUIT MONDAY THAT SEEKS TO OVERTURN EPA'S DECISION TO ALLOW FOR E-15. GROUPS REPRSENTING BOAT MAKERS AND OUTDOOR POWER EQUIPMENT ARE ALREADY SUING EPA.
IN OCTOBER, THE AGENCY DECIDED TO GRANT A PARTIAL WAIVER WHICH APPROVES THE SALE OF GASOLINE THAT CONTAINS 15% ETHANOL. THAT RULING APPROVED E-15 FOR NEWER PASSENGER CARS AND LIGHT TRUCKS.

CATTLE ON FEED:
CATTLE AND CALVES ON FEED FOR SLAUGHTER MARKET IN THE U.S. CLIMBED THREE PERCENT FROM A YEAR AGO. USDA IS TRACKING 11.6 MILLION HEAD. THIS FIGURE REFLECTS DATA FROM FEEDLOTS WITH A THOUSAND HEAD OR MORE. USDA SAYS COW CALF OPERATORS ARE SENDING YOUNGER AND LIGHTER WEIGHT ANIMALS INTO FEEDLOTS EARLIER THAN NORMAL. USDA LAYS-OUT THE DETAILS. SHAGAM SAYS CATTLE PRODUCERS DON'T WANT TO PASS ON THE ATTRACTIVE PRICES RIGHT NOW. HE SAYS THAT COULD FURTHER TIGHTEN THE SUPPLIES IN 2011.

REINDEER RANCH:
AND CATTLE AREN'T THE ONLY LIVESTOCK IN HIGH DEMAND RIGHT NOW.  FOR THOSE WHO HAVE THEM, REINDEER ARE BIG BUSINESS DURING THE HOLIDAYS. THIS FRIDAY ON AGDAY WE VISIT A REINDEER RANCH IN MICHIGAN AS PART OF OUR SPECIAL PROGRAM CALLED CHRISTMAS IN THE COUNTRY. THE BORTON'S HAVE BEEN RAISING REINDEER SINCE 1999.  DURING THE CHRISTMAS SEASON THEIR HERD TRAVELS THE AREA ATTENDING PARTIES AND SEASONAL GATHERINGS. THEY SAY REINDEER ARE A NICE HOBBY BUT NOT NECESSARILY A WAY TO MAKE THE BIG BUCKS. THE BORTON'S ALSO DO A LOT OF EDUCATIONAL EVENTS WITH THEIR REINDEER. THEY'VE EVEN STARTED A 4-H PROGRAM DEDICATED TO THE RAISING AND HANDLING OF THESE DOMESTIC DEER. HEAR MORE ABOUT THEIR STORY AND MANY MORE WONDERFUL HOLIDAY TALES THIS FRIDAY MORNING - CHRISTMAS EVE - ON CHRISTMAS IN THE COUNTRY. IT'S A SHOW THE WHOLE FAMILY CAN ENJOY.

COTTON PRICES:
IN AGRIBUSINESS COTTON PRICES JUMPED ON MONDAY...UP THE LIMIT TO 154. THAT'S THE HIGHEST IT’S BEEN SINCE SPIKING IN EARLY NOVEMBER.  PUSHING PRICES IS SPECULATIONS THE U.S. ECONOMY IS STRENGTHENING...THUS CREATING MORE DEMAND. AND CHINA ANNOUNCED COTTON OUTPUT IN ITS LARGEST PRODUCING REGION IS DOWN 22% COMPARED TO A YEAR AGO. IT SAYS NATURAL DISASTERS HAVE DAMAGED THE CROP THERE. CHINA IS THE WORLD'S LARGEST PRODUCERS AND IMPORTER OF THE FIBER. INDIA THE WORLD'S SECOND BIGGEST GROWER HAS ALSO HAD WEATHER RELATED PRODUCTION ISSUES.

ANALYSIS:
MIKE FLOREZ

IN THE COUNTRY; POINSETTIA:
AT NO OTHER POINT IN THE YEAR DO AMERICANS SPEND AS MUCH TIME, ENERGY OR MONEY ON DECORATIONS FOR THE HOME. RIGHT IN THE MIDDLE OF THAT HOLIDAY TRADITION IS THE POINSETTIA...BLOOMING IN ALL SHAPES, SIZES AND COLORS. IN THIS REPORT FROM THE UNIVERSITY OF FLORIDA, REBECCA PARKER SHOWS US A RESEARCH FACILITY HELPING SET THE STANDARD FOR A COLORFUL CHRISTMAS. THAT WAS REBECCA PARKER REPORTING. THANK YOU REBECCA. STILL TO COME, HOLIDAY STRESS CAN CAUSE YOU TO EAT MORE. WHEN FOOD AND YOUR FAMILY RETURNS ON AGDAY.

FOOD BILL AGAIN:
IN FOOD AND YOUR FAMILY THE SENATE PASSES A LANDMARK FOOD SAFETY BILL...AGAIN. THIS IS THE SECOND TIME IN SOME THREE WEEKS.  THE FIRST BILL MEMBERS PASSED INCLUDED TAX PROVISIONS OR A USER FEE...WHICH IS REQUIRED BY LAW TO ORIGINATE IN THE HOUSE. THE HOUSE THOUGHT IT COULD GET AROUND THE SNAFU BY PASSING THE BILL AS PART OF THE "CONTINUING RESOLUTION' IN THE YEAR-END BUDGET. BUDGET TALKS THEN HIT A ROADBLOCK DUE TO ADD ON'S AND COST QUESTIONS. ON SUNDAY THE SENATE REVOTED WITH NEW AMENDMENTS TO HELP AVOID THE PREVIOUS "TAX" QUESTIONS.  THE ACT GIVES FDA MANDATORY RECALL AUTHORITY OF CONTAMINATED FOOD PRODUCTS...AND THE ABILITY TO INCREASE INSPECTIONS OF FOOD PROCESSING FACILITIES. IT'S NOW HEADED BACK TO HOUSE FOR ANOTHER VOTE.

HOLIDAY STRESS:
AND FINALLY TODAY, IS A STRESSFUL HOLIDAY CAUSING YOU TO CRAVE FATTY FOODS? NUTRITIONISTS SAY STRESS CAN BE PUSHING YOUR BODY INTO POOR EATING HABITS. ACCORDING TO NUTRITIONISTS WITH THE UNIVERSITY OF MISSOURI EXTENTION...HOLIDAY STRESS RELEASES CHEMICALS IN THE BODY THAT AFFECT CRAVINGS. FOR INSTANCE, IF YOU EAT A LOT OF CARBS, THAT CAUSES THE PANCREAS TO RELEASE INSULIN IN ORDER TO USE THE SUGAR. MORE INSULIN SENDS BLOOD SUGAR PLUMMETING WHICH CAUSES THE BRAIN TO RELEASE A CHEMICAL THAT MAKES HUMANS CRAVE MORE CARBS. NUTRITIONSIST SAY THE BEST WAY TO FIGHT THE STRESS AND THE CRAVINGS IS WITH A WELL ROUNDED DIET.

CONTACT PAGE:
WE'RE ALWAYS AVAILABLE FOR COMMENT, CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . OR POST A COMMENT AT WWW.FACEBOOK.COM/AGDAY .
 

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