TODAY ON AGDAY
MARCH 19, 2012
Good morning I’m Clinton Griffiths. As corn growers start rolling their planters this spring, they'll be putting in one of the largest crops since World War II. Allendale Incorporated just released the results of its annual acreage survey. Similar to USDA and other firms, Allendale sees big gains in corn and wheat. It would be the largest corn crop since 1944. Allendale estimates 95 million acres of corn, three million more than last year. And a million higher than USDA’s forecast. Soybeans will peg over 74 million acres, down a half million from last year. And Allendale's all wheat acreage forecast is 56 million, up two million from last year.
TENNESEE CROP YEAR:
Early spring weather has growers either in the field or itching to get started planting. In Tennessee farmers have high hopes for the year. Chuck Denney with UT's institute of agriculture has a look at what's on farmer's minds as the season kicks off.
IOWA LAND VALUES:
Thanks Chuck. As expectations for 2012 remain high, land values continue to rise. It seems prices across the Corn Belt are setting new records each week. AgDay's Tyne Morgan has an update and a new report showing double digit gains. Clinton it seems wherever corn is grown, land values are strong. And there's no indication of that trend letting-up. According to a new survey conducted by the Iowa Realtors Institute, farmland values increased all across Iowa. Since March first of last year, overall Iowa farm land values rose over 23%. The recent survey showed in just the last six months, values increased nearly 11%. The survey also showed the statewide average value of high-quality cropland is $9370 an acre. The most expensive land is located in the northwest portion of the state reaching $10656 per acre. And Iowa's neighbors to the west are seeing even larger gains in cropland values.
With profit margins predicted to tighten this year, Walsten says land values will follow.
He predicts the high land values to plateau this year. Walsten says it's going to take interest rates increasing before land values to start trending back down. He says that won't happen for another three to five years, Clinton. Thanks Tyne. We'll continue our look at land values in analysis to find out how long this climb could continue.
MACHINERY MINUTE; NEW HOLLAND:
In Machinery Minute - cutting more hay in less time. New Holland's new Megacutter - released last month - will allow producers to achieve just that. The triple disc mower-conditioner nearly doubles the cutting width of a traditional 16-foot self-propelled mower-conditioner. New Holland says producers have been demanding increased efficiency. Now producers can mow or condition with the use of their high horse power tractor. New Holland says the front and rear mount triple disc mower-conditioner can be used on a wide variety of crops, from delicate legumes to grass hays.
IN THE COUNTRY; CRANES IN FLIGHT:
We spoke a lot last week about the early arrival of spring to many parts of the country. Coming with that warm weather, are migratory flocks....birds making their way to spend spring and summer in the north. In Colorado our good friend Anne Herbst of the Denver Post caught up with a group of sand hill cranes as these majestic fliers make their way north. Beautiful, thanks Anne. And in a totally unrelated story...the growing popularity of chicken wings. Food and Your Family is next.
FOOD IMPORT SAFETY:
Despite efforts to insure food safety, it appears this country is still having problems with imports. Details in Food and Your Family. A new report from the Centers for Disease Control found foodborne disease outbreaks caused by imported food increased in 2009 and 2010. According to the CDC, fish is the most common source of foodborne disease outbreaks when tracking imports. During the five year tracking period, there were 39 different outbreaks linked to fish from 15 different countries. Nearly 45% percent of the imported foods causing outbreaks came from Asia.
So, how are you basketball brackets look after the weekend? Mine are pretty rough. That said, what's your favorite snack during the tournament? Could it be chicken wings? Probably so, those tasty morsels continue to grow in popularity. The Technomic food-market group just finished research. It shows that more than a third of the top 500 food chains now offer wings. And that number continues to growth. Buffalo - or hot - sauces are the most commonly used. While medium and mild-sauce use has declined. On average, restaurants now offer 18 different sauces.
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