AgDay Daily Recap - March 24, 2011

March 24, 2011 02:42 AM
 

TODAY ON AGDAY:
MARCH 24, 2011

US AG PRODUCTIVITY
GOOD MORNING.
WE BEGIN WITH A PAT ON THE BACK AS AMERICAN AGRICULTURE CONTINUES TO INCREASE PRODUCTIVITY. THE USDA ECONOMIC RESEARCH SERVICE SAYS U.S. FARMERS ARE OUTPACING THE MAJORITY OF OTHER INDUSTRIES AND MOST OTHER NATION'S IN THE WORLD WHEN IT COMES TO ON FARM PRODUCTION. THE E-R-S DATA SHOWS THAT TOTAL FARM OUTPUT GREW BY 158 PERCENT FROM 1948 TO 2008. WHILE...GET THIS...AGRICULTURE INPUTS REMAIN BASICALLY THE SAME. THE INPUT MIX HAS CHANGED OVER THAT SIXTY YEARS. LABOR USE IS DOWN NEARLY 80 PERCENT, AND LAND USE IS DOWN SOME 30 PERCENT. HOWEVER, THE USE OF CHEMICALS SHOT UP FIVE FOLD BEFORE LEVELING OFF IN THE 80'S.

IOWA FARMLAND VALUES
NEW DATA THIS MORNING CONTINUES TO SHOW JUST HOW ROBUST FARM LAND VALUES ARE IN THE CORN BELT, ESPECIALLY IOWA. A SURVEY CONDUCTED BY THE REALTOR LAND INSTITUTE SAYS THE VALUE FOR AN ACRE OF IOWA CROPLAND HAS RISEN NEARLY 20-PERCENT SINCE SEPTEMBER. FURTHER, WHEN YOU ADD THE GAINS FROM BEFORE SEPTEMBER, THE STATEWIDE AVERAGE JUMPED MORE THAN 25-PERCENT FROM A YEAR AGO. ACCORDING TO THE SURVEYORS, THESE SIX MONTH AND TWELVE MONTH GAINS ARE THE BIGGEST INCREASES EVER REPORTED BY THE R-L-I SURVEY. THIS SURVEY HAS BEEN AROUND SINCE 1978. THE STATEWIDE AVERAGE VALUE OF HIGH QUALITY CROPLAND IS JUST ABOUT 74-HUNDRED DOLLARS AN ACRE. TWO DISTRICTS REPRESENTING NORTHWEST AND WEST-CENTRAL IOWA HAD DISTRICT WIDE AVERAGES OF NEARLY 82-HUNDRED DOLLARS AN ACRE. R-L-I SAYS HIGH QUALITY, WELL-DRAINED, PRODUCTIVE FARMS CONTINUE TO SELL THE BEST, BUT EVEN MEDIUM AND LOW QUALITY CROPLAND ROSE IN VALUE AS WELL. THE SURVEY FOUND THE DEMAND FOR RECREATIONAL LAND CONTINUES TO BE WEAK. WHILE IMPRESSIVE, THESE ARE NOT THE BIGGEST GAINS ON FARMLAND. BEFORE R-L-I STARTED ITS SURVEY, IOWA STATE UNIVERSITY REPORTED INCREASES OF 30-PERCENT IN THE EARLY 1970'S.

CHINA AG VALUES
PART OF THE REASON BEHIND AMERICAN AGRICULTURE'S BOOM IS THE INCREASE IN WORLD EXPORTS. NOW A HANDFUL OF SENATORS ARE CALLING ON ONE OF THE WORLD'S LARGEST MARKETS TO LIFT ITS BARRIERS TO AMERICAN AG. A GOVERNMENT STUDY SHOWS CHINESE TARRIFFS AND OTHER RESTRICTIONS ARE COSTING U.S. AGRICULTURE MORE THAN 5 BILLION DOLLARS A YEAR. MAX BAUCUS OF MONTANA ALONG WITH ORINN HATCH OF UTAH AND CHUCK GRASSLY OF IOWA SAY THE REPORT SHOWS CHINA MUST REMOVE UNFAIR TRADE BARRIERS. THE U.S. IS THE NUMBER ONE AG SUPPLIER TO CHINA AND CHINA IS THE U.S. NUMBER TWO BUYER--BEHIND CANADA. CHINA IS CURRENTLY BANNING U.S. BEEF AND IT HAS A LIMIT ON THE AMOUNT OF WHEAT AND CORN THAT CAN BE IMPORTED BEFORE BEING HIT WITH A 65 PERCENT TARIFF. THERE ARE POSITIVE SIGNS ON THE HORIZON. IN DECEMBER CHINA AGREED TO LIFT SOME RESTRICTIONS ON U.S. BEEF AND U.S. FOOD COMPANIES THINK PORK MAY ALSO SEE TARIFF REDUCTIONS IN THE NEAR FUTURE.

WORLD WHEAT CROP
DRY WEATHER THIS WINTER IN CHINA MAY HAVE SOME IMPACT ON THAT COUNTRY'S WHEAT CROP. HOWEVER THE UNITED NATIONS IS PREDICTING OVERALL, WORLD WHEAT PRODUCTION WILL INCREASE NEARLY THREE AND A HALF PERCENT...TO 676 MILLION TONS. THEY'RE CITING HIGHER SEEDINGS AND MILDER WEATHER AS THE REASON BEHIND THE JUMP. LEADING THE WAY IS THE BLACK SEA REGION. RUSSIA IS EXPECTING A 30 PERCENT INCREASE IN PRODUCTION WHILE KAZAKSTAN IS FORCASTING A RISE OF NEARLY 60 PERCENT. CANADIAN WHEAT IS ALSO EXPECTED TO INCREASE AFTER WET WEATHER KEPT CROPS AT BAY LAST SPRING.

PANHANDLE WATER
THE TEXAS PANHADLE MAY SEE WATER RESTRICTIONS SOON.
THE HIGH PLAINS WATER DISTRICT THAT INCLUDES 16 COUNTIES IS PROPOSING TO LIMIT WATER USAGE TO 1 AND A QUARTER ACRE FEET. THAT'S ON A PER ACRE BASIS. THE CHANGE WOULD START IN JANUARY OF 2012. THE AREA SITS ON THE OGALLALA AQUIFER AND CURRENTLY THERE ARE NO WATER USAGE RESTRICTIONS. THE PROPOSAL WOULD HELP THE REGION MEET A 50 BY 50 MANAGEMENT GOAL, MEANING FIFTY PERCENT OF THE SATURATED THICKNESS OF THE AQUIFER WILL BE IN EXISTENCE IN 50 YEARS. THE CHANGE COULD IMPACT WHICH CROPS ARE GROWN IN REGION. THERE ARE FIVE LISTENING SESSION SCHEDULED BETWEEN NOW APRIL FIRST.

CROP WATCH
THE DROUGHT CONTINUES TOGOOD MORNING CLINTON. YOU MENTIONED ABOUT THE WATER ISSUES IN TEXAS. A GROWER FROM ERATH {EE-RATH) COUNTY SAYS IT'S THE DRIEST MARCH ON RECORD. E-RATH IS BETWEEN ABILENE AND FORT WORTH. HE TOLD AGWEB THAT THE LAST SIGNIFICANT MOISTURE THEY RECEIVED WAS IN SEPTEMBER AND THAT WAS ONE-AND-HALF INCHES. HE ADDS THAT THERE IS LITTLE WHEAT FROM DALLAS TO NEW MEXICO UNLESS IT'S IRRIGATED. MEANWHILE, IT'S JUST THE OPPOSITE IN THE GOLDEN STATE. THE CALIFORNIA FARM BUREAU SAYS WET WEATHER HAS SLOWED PLANTING OF RICE AND TOMATO CROPS IN THE STATE'S CENTRAL VALLEY. FARMERS SAY IT'S NOT UNCOMMON FOR PLANTING TO BE DELAYED UNTIL APRIL. COTTON FARMERS NEED SOIL TEMPERATURES TO EXCEED 58 DEGREES FOR COTTONSEED TO GERMINATE. ON A GOOD NOTE, THE RAINY WEATHER HAS ALSO HELPED GRASS PRODUCTION ON CALIFORNIA RANGELANDS. WORSEN IN TEXAS. METEOROLOGIST MIKE HOFFMAN JOINS US WITH CROP WATCH.

BEEF TODAY
THIS MORNING, WE'RE KICKING-OFF A BRAND NEW SEGMENT FOR AGDAY. WE CALL IT THE BEEF TODAY REPORT. WE'RE WORKING WITH OUR PARTNERS AT BEEF TODAY TO GIVE YOU THE LATEST NEWS FROM THE INDUSTRY. TOPPING OUR BEEF TODAY REPORT, USDA'S COLD STORAGE NUMBERS SHOW HIGHER RED MEAT STOCKS THAN THE MARKET EXPECTED.

RED MEAT STORAGE
BEEF TODAY SAYS THE RED MEAT SUPPLY IS 13-PERCENT HIGHER THAN A YEAR AGO. TRADERS HAD EXPECTED THE LEVELS TO BE LOWER. TOTAL FROZEN BEEF STOCKS SIT AT 467 MILLION POUNDS THE AVERAGE TRADE GUESS WAS 444 MILLION. USDA PEGS TOTAL FROZEN PORK STOCKS AT 578-MILLION POUNDS -- WELL ABOVE THE AVERAGE TRADE GUESS OF 553 MILLION POUNDS. BEEF TODAY SAYS THE OVERALL EXPORT OUTLOOK FOR 2011 REMAINS POSITIVE

MEANWHILE, CANADA AND THE EUROPEAN COMMISSION HAVE WORKED OUT THEIR DIFFERENCES IN A TRADE SPAT OVER BEEF FROM HORMONE-TREATED CATTLE. THE TWO GOVERNMENTS SIGNED A MEMORANDUM OF UNDERSTANDING IN THE LONG-RUNNING DISPUTE. THE E-U WILL GIVE CANADA MORE MARKET ACCESS FOR BEEF PRODUCTS. EUROPE HAS BANNED HORMONE TREATED BEEF SINCE THE 1980'S. CANADA SAYS IT WILL END TRADE SANCTIONS ON 11-MILLION DOLLARS WORTH OF IMPORTS FROM EUROPE. FOR REGULAR UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION, BE SURE TO CHECK OUT BEEF TODAY DOT COM.

ILLEGAL PESTICIDES
IN AGRIBUSINESS THIS MORNING....WHEN IT COMES TO PESTICIDES THE EPA IS WARNING CUSTOMERS ABOUT ONLINE PURCHASES. THE AGENCY CONTACTED NEARLY 3-THOUSAND PEOPLE AFTER THEY BOUGHT A DANGEROUS PESTICIDE. THE BANNED SUBSTANCE WAS FOUND IN AN ANT-CONTROL PRODUCT. IT WAS TAKEN OFF THE MARKET IN 1978 BECAUSE IT'S KNOWN TO CAUSE LIVER, SKIN, REPRODUCTIVE AND NERVE DAMAGE. THE PURCHASES WERE MADE ONLINE AND MAILED FROM CHINA.

ANALYSIS
THE FDA IS KEEPING A CLOSE EYE ON PRODUCTS COMING FROM DISASTER STRICKEN JAPAN. IT'S NOW BANNING IMPORTS OF MILK, AND FRESH FRIUTS AND VEGETABLES FROM AREAS NEAR JAPAN'S DAMAGED NUCLEAR PLANTS. THE COUNTRY IS ALSO ADVISING PEOPLE, WATER ISN'T SAFE FOR INFANTS TO DRINK. ALL THIS WHILE COMMODITY MARKETS SORT OUT WHAT THE IMPACT WILL BE TO U.S. EXPORTS. I ASKED AGDAY ANALYIST GARY WILHELMI ABOUT THE MARKET SITUATION AND HIS EXPERIENCES ON THE TRADING FLOOR WHEN THE NUCLEAR MELTDOWN HAPPENED IN THE UKRAINIAN TOWN OF CHERNOBYLE.

ITC: ANTLER COUNT
SETTING STANDARDS IS IMPORTANT TO OUR WAY OF LIFE. FROM MEASURMENTS, TO ACRES, GALLONS AND THE LIKE, HAVING A STANDARD MAKES SURE EVERYTHING STARTS FROM THE SAME POINT. AND SPEAKING OF POINTS, EVEN ANTLERS HAVE A MEASURMENT STANDARD.
JOE WILKINSON FROM THE IOWA DEPARTMENT OF NATURAL RESOURCES IS HERE WITH A LOOK AT THE ATTENTION PAID TO THOSE POST-SEASON TROPHIES. THANKS JOE. STILL TO COME, THE USDA'S PLAN FOR MORE FRESH PRODUCE AT AMERICAN SCHOOLS AND THE FACES YOU MAKE MAY INFLUENCE WHAT YOUR KIDS EAT. THAT'S NEXT ON FOOD AND YOUR FAMILY.

FOOD & YOUR FAMILY: FRESH SCHOOL PRODUCE
IN FOOD AND YOUR FAMILY AGRICULTURE SECRETARY TOM VILSACK SAYS HIS DEPARTMENT IS EXPANDING ASSISTANCE FOR IT'S FRESH FRUIT AND VEGETABLE PROGRAM. THE PROGRAM IS AUTHORIZED AND FUNDED UNDER THE 2008 FARM BILL. IT OPERATES IN SELECTED LOW-INCOME ELEMENTARY SCHOOLS ACROSS ALL 50 STATES. THE USDA PLANS TO SPEND 158 MILLION DOLLARS NEXT YEAR ON FRESH PRODUCE. EACH STUDENT AT THE SCHOOL IS REQUIRED TO RECEIVE BETWEEN 50 AND 75 DOLLARS WORTH OF PRODUCE OVER THE ENTIRE SCHOOL YEAR. USDA IS HOPING TO SERVE AN ADDITIONAL 600-THOUSAND TO 950-THOUSAND STUDENTS.

FACIAL EXPRESSIONS
ND HOPEFULLY TEACHERS, ADULTS AND PARENTS WILL HAVE A SMILE ON THEIR FACES WHEN THAT PRODUCE ARRIVES. EXPERTS SAY FACIAL EXPRESSION PLAY A BIG ROLE IN KID'S OPINIONS. THE RESEARCH SAYS IF PARENTS LOOK HAPPY ABOUT EATING HEALTHY FOODS KIDS ARE MORE LIKELY TO FOLLOW. FACIAL EXPRESSIONS PLAY A BIG ROLE IN SHAPING PREFERENCES. THIS IS PART OF A STUDY TO UNDERSTAND THE PSYCHO-SOCIAL FACTORS INVOLVED IN EATING HABITS.

 

 

 

 

 

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