AgDay Daily Recap - January 10, 2011

January 10, 2011 04:19 AM
 

TODAY ON AGDAY:
JANUARY 10, 2011

U.S. MEXICO TRUCKING:
A CROSS-BORDER TRUCKING DISPUTE THAT IMPACTS TRADE TO MEXICO IS "REVVING" UP AGAIN. THE OBAMA ADMINISTRATION SENT CONGRESS A PROPOSALTHAT THE WHITE HOUSE HOPES WILL SOLVE THE ISSUE. THE PROPOSAL DEMANDS STRONGER SAFETY REQUIREMENTS FOR MEXICAN TRUCKS DRIVEN ON U.S. HIGHWAYS. IN 2009, CONGRESS CUT OFF FUNDING FOR THE PROGRAM THAT ALLOWED UP TO 100 MEXICAN TRUCKING COMPANIES TO SEND THEIR TRUCKS AND DRIVERS ACROSS U.S. HIGHWAYS. THAT MOVE VIOLATED PART OF THE 1994 NORTH AMERICAN FREE TRADE AGREEMENT. MEXICO RETALIATED BY IMPOSING TARIFFS ON U.S. GOODS, INCLUDING SOME AG PRODUCTS. THOSE TARIFFS TALLIED ABOUT 2.5 BILLION DOLLARS. UNDER THE PROPOSAL, MEXICAN TRUCKING COMPANIES AND THEIR DRIVERS WOULD HAVE TO BE VETTED BY THE U.S. DEPARTMENT OF HOMELAND SECURITY AND THE DEPARTMENT OF JUSTICE. EACH MEXICAN TRUCK WOULD BE INSPECTED FOR COMPLIANCE WITH U.S. SAFETY AND EMISSION STANDARDS. IT ALSO REQUIRES ENGLISH PROFICIENCY TESTS AND KNOWLEDGE OF U.S. TRAFFIC LAWS OF MEXICAN DRIVERS. THE U.S. DEPARTMENT OF TRANSPORATION CALLS IT A 'STARTING POINT" FOR NEGOTIATIONS WITH THE SOUTHERN TRADING PARTNER.

RMA INSURANCE:
HOW WOULD YOU LIKE TO GET A REFUND ON YOUR CROP INSURANCE? USDA'S RISK MANAGEMENT AGENCY HAS PUBLISHED A PROPOSED RULE THAT WOULD REWARD FARMERS PARTICIPATING IN THE FEDERAL CROP INSURANCE PROGRAM FOR GOOD PERFORMANCE. UNDER THE PROPOSED PROGRAM, PAYMENT AMOUNTS WOULD VARY BY PRODUCER AND WILL BE BASED ON EACH QUALIFIED PRODUCER'S HISTORY IN THE PROGRAM. THE ESTIMATED REFUND AMOUNT PER PRODUCER IS APPROXIMATELY A THOUSAND DOLLARS. THE PROGRAM HAS A PROPOSED MAXIMUM LIMIT AT $25,000 AND A MINIMUM PAYMENT OF JUST 25 BUCKS. USDA WOULD USE DATA FROM 2009 AND PRIOR CROP YEARS TO GAUGE THE REFUNDS.  AS YOU MAY REMEMBER, USDA RE-NEGOTIATED THE STANDARD RE-INSURANCE AGREEMENT OR SRA LAST YEAR. IT SAYS MOST OF THE SIX BILLION DOLLARS SAVED FROM THAT DEAL IS GOING TO PAY-DOWN THE DEFICIT. BUT SOME OF IT WILL PAY FOR THESE REFUNDS.

THE WEEK AHEAD:
IT PROMISES TO BE A BIG WEEK IN THE MARKETS WITH KEY REPORTS COMING OUT WEDNESDAY. WHILE ON ASSIGNMENT AT THE AG-CONNECT EXPO, PRO FARMER EDITOR ROGER BERNARD TAKES A LOOK AT THE WEEK AHEAD.

AGCONNECT:
ATLANTA PLAYED HOST TO THREE MAJOR FARM SHOWS LAST WEEK AND THIS PAST WEEKEND. THERE WAS THE BELTWIDE COTTON CONFERENCE AT MID-WEEK. IT WAS FOLLOWED BY THE NATIONAL MEETING OF THE AMERICAN FARM BUREAU AND AG-CONNECT EXPO. AG-CONNECT EXPO WRAPS-UP TODAY. THIS IS THE SECOND YEAR FOR THE NEW INTERNATIONAL EQUIPMENT SHOW. AS A WAY TO GET MORE PEOPLE IN THE DOOR, THE AMERICAN FARM BUREAU HELD ITS ANNUAL MEETING IN CONJUNCTION WITH AG-CONNECT. MORE THAN 5,000 PEOPLE TYPICALLY ATTEND THE FARM BUREAU GATHERING. AG-CONNECT DRAWS ATTENDEES FROM AROUND THE GLOBE. FROM THIS POINT-ON, IT WILL BE HELD EVERY OTHER YEAR. THE ASSOCIATION OF EQUIPMENT MANUFACTURERS, WHICH MANAGES AGCONNECT, SAYS THE EVERY-OTHER-YEAR-CYCLE WILL HELP ALIGN THIS SHOW WITH OTHER GLOBAL AG SHOWS.

BELTWIDE:
ACREAGE INTENTIONS WERE A POPULAR TOPIC LAST WEEK AS COTTON PRODUCERS GATHERED FOR THE ANNUAL BELTWIDE COTTON CONFERENCE. HELD IN ATLANTA, THE NATIONAL MEETING COVERS A VARIETY OF PRODUCTION AND ECONOMIC ISSUES. WITH THE RECENT UPSURGE IN PRICES, THE OVERALL MOOD OF THE MEETING SEEMED UPBEAT. WHILE THERE, AGRIBUSINESS DIRECTOR AL PELL TALKED WITH SOME MEMBERS OF THE BAYER CROP SCIENCES TEAM. THEY DISCUSSED A PROGRAM, DEVELOPED BY BAYER, THAT WILL HELP INSURE THEY GET THE BEST SCIENTIFIC MINDS OF THE NEXT GENERATION. RUDOLPH SAYS THIS PROGRAM ALLOWS STUDENTS WHO GO INTO RESEARCH AS A CAREER TO SEE THE DIFFERENCE BETWEEN INDUSTRY AND UNIVERSITY RESEARCH SETTINGS.

AGWEB POLL:
THANKS MIKE, WE'RE JUST INTO THE NEW YEAR, BUT THE EDITORS AT AGWEB ARE ALREADY WONDERING "WHAT IS MOST LIKELY THE BIGGEST STORY OF 2011?" WILL IT BE A BEAR MARKET FOR GRAINS... RECORD PRICE LEVELS FOR GRAINS...USDA ALTERING RULES ON BIOTECH CROPS...OR SOMETHING ELSE WE HAVE NO IDEA ABOUT! GO TO www.agweb.com AND CAST YOUR VOTE. AND HERE ARE THE RESULTS OF LAST WEEK'S POLL QUESTION WHICH ASKED "WHAT DO YOU EXPECT USDA'S FINAL CORN YIELD TO LOOK LIKE WHEN ITS RELEASED ON WEDNESDAY? MOST OF YOU THINK IT'LL BE LOWER THAN THE NOVEMBER FORECAST WHICH WAS 154-BUSHELS AN ACRE. AND THE OTHER TWO CHOICES WERE SPLIT AT ABOUT 20% EACH.

ANALYSIS:
MIKE FLOREZ

IN THE COUNTRY; OLIVES:
OLIVES ARE ONE OF THE OLDEST FOODS KNOWN TO MAN, DATING BACK SOME 8,000 YEARS TO THE MEDITERRANEAN REGION OF THE WORLD. BUT YOU DON'T HAVE TO TRAVEL THAT FAR TO GET YOUR HANDS ON THIS HEALTHY FRUIT. FOR DECADES NOW OLIVES HAVE BEEN GROWN AND PROCESSED IN THE GOLDEN STATE OF CALIFORNIA. CHARLOTTE FADIPE OF CALIFORNIA COUNTRY TV TAKES US TO ONE OF THE LARGEST OLIVE PRODUCERS IN THE COUNTRY. THANKS CHARLOTTE. COMING UP PRODUCERS ARE TAKING ADVANTAGE OF A USDA PROGRAM TO HELP GROW CROPS YEAR ROUND. FOOD AND YOUR FAMILY IS NEXT.

HOOP HOUSES:
IN FOOD AND YOUR FAMILY THIS MORNING, LOCALLY GROWN PRODUCE IS EXPECTED TO CONTINUE FINDING FAVOR WITH CONSUMERS IN 2011.  PART OF THE CHALLENGE FOR GROWERS IS CREATING A SUPPLY THAT LASTS YEAR ROUND. THAT'S WHY, IN CONJUNCTION WITH THE NEW WHITE HOUSE GARDEN, THE USDA LAUNCHED A PILOT PROGRAM TO HELP PRODUCERS INSTALL WEATHER PROOF HOOP HOUSES. USDA'S PAT O'LEARY HAS AN UPDATE FROM THE NATION'S CAPITAL.

CONTACT PAGE:
KEEP US IN MIND AS YOU GET BACK TO WORK...GIVE US A CALL, SEND AN EMAIL OR JOIN THE GROWING NUMBER OF FAN'S ON FACEBOOK. WE'RE AT WWW.FACEBOOK.COM/AGDAY .
 

 

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