AgDay Daily Recap - May 16, 2011

May 16, 2011 06:26 AM
 

TODAY ON AGDAY:
MAY 16, 2011

LAND VALUES PLAINS:
THERE APPEARS TO BE NO LET-UP IN THE VALUE OF GOOD FARMLAND. NEW DATA SHOWS THE OVERALL VALUE OF CENTRAL PLAINS CROPLAND ROSE 20%. THE FEDERAL RESERVE BANK OF KANSAS CITY RELEASED ITS QUARTERLY REPORT FRIDAY. THAT DISTRICT STRETCHES FROM NORTHWEST MISSOURI TO WYOMING AND FROM NEBRASKA TO NEW MEXICO. THE STRONGEST GAINS OCCURRED IN KANSAS AND NEBRASKA.  IN KANSAS, THE VALUE OF NON-IRRIGATED CROPLAND ROSE NEARLY 24%. IRRIGATED CROPLAND INCREASED 18%. IN NEBRASKA, THE VALUE OF IRRIGATED AND NON-IRRIGATED CROPLAND BOTH ROSE NEARLY 24%.  THOSE WERE THE BIGGEST GAINERS, BUT ALL SEVEN STATES SAW DOUBLE-DIGIT INCREASES.

IOWA:
MEANWHILE, THE OUTLOOK FOR IOWA FARMLAND VALUES SHOWS NO LET DOWN EITHER. AT A LAND VALUATION CONFERENCE HOSTED BY IOWA STATE, ATTENDEES EXPECT THE AVERAGE ACRE OF IOWA CROPLAND WILL HIT 6,700 DOLLARS BY THE END OF THE YEAR. TO COMPARE, THE ANNUAL ISU FARMLAND SURVEY PEGGED FARMLAND AT JUST ABOUT 5,100 AN ACRE LAST NOVEMBER. THAT'S A 33% JUMP IN VALUE. IN A WORD - LAND IS HOT.

LAND VALUES WALSTEN:
THE VALUE OF RANCHLAND ROSE AS WELL IN THE KANSAS CITY FED SURVEY. IT ROSE AS MUCH AS 12% IN MISSOURI. THE LOW END WAS 10% IN OKLAHOMA.

FTA HEARINGS:
BOTH SIDES OF THE CAPITOL TOOK INTEREST IN THREE UN-FINISHED FREE-TRADE-AGREEMENTS LAST WEEK. THE HOUSE AGRICULTURE COMMITTEE AND THE SENATE FINANCE COMMITTEE BOTH HELD HEARINGS TO DISCUSS THE TRADE DEALS WITH COLOMBIA, KOREA AND PANAMA. THERE APPEARS TO BE GENERAL SUPPORT IN CONGRESS FOR THE AGREEMENTS. BUT THE DEAL IS STILL CONTROVERSIAL. AG GROUPS TESTIFIED IN SUPPORT OF THE MEASURES. BUT ORGANIZED LABOR IS OPPOSED. THIS COULD LEAD TO A SHOW-DOWN THIS SUMMER. UNION GROUPS CLAIM THE PACT SENDS JOBS OVERSEAS. AG AND BUSINESS GROUPS SAY THE FTA'S WILL LEAD TO JOB CREATION AND THE OPENING OF NEW MARKETS FOR U.S. PRODUCTS.

FTA STATUS NAFB INTERVIEWS:
SCHLECHT SAYS CANADA'S FREE-TRADE-AGREEMENT WITH COLOMBIA GOES INTO EFFECT IN JULY. HE SAYS THAT MEANS U.S. WHEAT WILL LOSE HALF OF ITS MARKET SHARE TO CANADA. AG GROUPS - LIKE NCGA AND NCBA - SAY ARGENTINA AND BRAZIL ALREADY HAVE SIGNED TRADE DEALS AND THAT MEANS U.S. WILL CONTINUE TO LOSE OUT SELLING AGRICULTURE GOODS OVERSEAS.

CRP REWORK:
IN AGRIBUSINESS THE CALL FOR CHANGES TO THE USDA'S CONSERVATION RESERVE PROGRAM GET LOUDER. MORE THAN 70 STATE AND NATIONAL AGRIBUSINESS ORGANIZATIONS ARE URGING CONGRESS TO ALLOW LAND OWNERS TO OPT-OUT OF CRP. THE GROUP SAYS HISTORICALLY TIGHT, SUPPLIES OF GRAINS AND OILSEEDS MAKE IT IMPORTANT FARMERS BE ALLOWED TO STEP AWAY FROM CRP WITHOUT PENALTY. ABOUT 31 MILLION ACRES ARE CURRENTLY ENROLLED. THE COLLECTION OF ORGANIZATIONS SAY CRP CHANGES SHOULD BE PART OF THE 2012 FARM BILL. CURRENT CRP CONTRACTS ARE FOR 10-15 YEARS...GETTING OUT EARLY MEANS GIVING UP ALL PAYMENTS, PLUS INTEREST AND MORE.

ANALYSIS:
GREGG HUNT

IN THE COUNTRY; 4H REVOLUTION:
IN COUNTRIES AROUND THE WORLD, POLITICAL AND ECONOMIC REVOLUTIONS ARE UNDERWAY. HERE AT HOME, THERE'S A REVOLUTION OF A DIFFERENT SORT. THIS ONE FOCUSSES ON YOUTH AND THEIR DESIRE TO IMPROVE THE COMMUNITIES THEY LIVE IN. IT'S PART OF A NEW NATIONAL IMAGE CAMPAIGN FOR 4-H. UNIVERSITY OF TENNESSEE'S CHUCK DENNY HAS MORE ON THIS REVOLUTION OF RESPONSIBILITY.  THANKS CHUCK. HE SAYS, MUCH OF THIS REVOLUTION OF RESPONSIBILITY CAMPAIGN IS BEING ORGANIZED THROUGH SOCIAL MEDIA OUTLETS LIKE FACEBOOK. FOOD YOUR FAMILY--AFTER THE BREAK.

WASTED FOOD:
IN FOOD AND YOUR FAMILY WE'RE ASKING HOW EFFICIENTLY YOU'RE EATING LEFTOVERS? I KNOW AT MY HOUSE WE COULD ALWAYS DO BETTER. AND AS WE KNOW--IF YOU DON'T EAT IT SOON, THE FOOD JUST GETS TOSSED OUT. A NEW REPORT FROM THE UN'S FOOD AND AGRICULTURE ORGANIZATION OR FAO SAYS GLOBALLY ABOUT ONE-THIRD OF ALL FOOD PRODUCED FOR HUMANS IS WASTED. THE FAO FOUND THAT ABOUT 1.3 BILLION TONS OF FOOD IS WASTED SOMEWHERE ALONG THE FOOD CHAIN EVERY YEAR. THE MAJORITY OF THAT IS IN POOR ON-FARM STORAGE OR PROCESSING INFRASTRUCTURE...IN DEVELOPING COUNTRIES THAT LOSS IS ABOUT 40%. IN WEALTHIER NATIONS, LIKE THE U.S.--WE THROW AWAY ABOUT 222 MILLION TONS OF FOOD--ABOUT 200 POUNDS PER PERSON PER YEAR...MOSTLY FRUITS AND VEGETABLES.

PEANUT ALLERGY:
AND THE SEARCH FOR ANSWERS TO PEANUT ALLERGIES CONTINUES.  THIS TIME, RESEARCHERS AT THE MOUNT SINAI SCHOOL OF MEDICINE FOUND THAT EATING PEANUTS DURING PREGNANCY CAN HELP PROTECT CHILDREN FROM PEANUT SENSITIVITY. THE RESEARCH WAS DONE ON MICE. THE SCIENTISTS FOUND MOMS WHO ATE A DIET WITH PEANUTS HELPED BUILD THE CHILD'S IMMUNE SYSTEM AND TOLLERANCE FOR THE NUT. THIS WAS PUBLISHED IN FOOD RESEARCH INTERNATIONAL.

AGDAY INBOX:
THE BIG STORY LATELY HAS BEEN THE WEATHER'S IMPACT ON AMERICAN AGRICULTURE. FARM DIRECTOR AL PELL HAS SOME THOUGHTS IN THIS MORNING'S "AGDAY INBOX", AL. THANKS CLINTON. THE ERRATIC WEATHER THIS COUNTRY HAS FACED THIS SPRING IS DOTTED WITH ADJECTIVES - - LIKE HISTORIC, BIBLICAL, RECORD-BREAKING. WE'VE FOLLOWED CLOSELY AS THE MISSISSIPPI RIVER GOBBLED-UP FARMLAND FROM ILLINOIS TO LOUISIANA. THE NUMBERS ARE ALMOST HARD TO GRASP. VARIOUS AGENCIES PEG LOST ACREAGE OVER THREE MILLION ACRES OF FARMLAND. THAT'S A DISASTER ON A GRAND SCALE. AND THEN IN THE PLAINS, ESPECIALLY TEXAS, WE'RE SEEING SIGNIFICANT PROBLEMS FROM DROUGHT AND WILFIRES. IN APRIL ALONE, FIRES CAUSED MORE THAN 20 MILLION DOLLARS IN AG LOSSES. ADD TO THAT, A WHEAT CROP THAT IS NEARLY NON-EXISTENT....AND SPARSE GRAZING LANDS FOR CATTLE. IT'S A DISASTER FOR MANY PRODUCERS IN THAT STATE. I WAS TALKING TO A RANCHER IN TEXAS WHO SAID IN ONE SECTION OF HIS LAND THERE WAS A DOWNPOUR, BUT ON ANOTHER SECTION IT CONTINUED TO BE BONE DRY. AS FARMERS WE CAN COMMISSERATE ABOUT THE WEATHER. WE KNOW THAT WEATHER IS AN UN-BUDGETED LINE ITEM. IT IMPACTS OUR BOTTOM LINE. UN-COOPERATIVE WEATHER IS A REALITY OF WHAT WE DO. TAKE FOR EXAMPLE COLBY JOHNSON. COLBY IS A VIEWER FROM OREGON WHO SENT US A COUPLE OF PHOTOS TO SHOW WHAT IT'S BEEN LIKE IN THE NORTHEAST CORNER OF THE STATE. HE SAYS GETTING STUCK HAS BEEN A REGULAR OCCURRENCE ON HIS FARM AND HIS NEIGHBORS. COLBY SAYS IT TOOK TWO DAYS, A LOT OF HORSEPOWER AND A TRACK-HOE TO GET HIS SPRAYER UN-STUCK. IT'S BEEN WET... SLOW... AND HE'S NOT SURE WHEN HE'LL GET DONE PLANTING. WHILE IT MAY NOT FALL INTO THE "EPIC" CATEGORY FOR THE NATION, FOR COLBY IT'S A TRUE CHALLENGE AND FRUSTRATION THAT ANY FARMER OR RANCHER CAN RELATE TO. IF THE VIEW FROM YOUR WINDOW IS FREE OF WEATHER CHALLENGES, CONSIDER YOURSELF FORTUNATE. AND IF YOU'RE ONE OF THOSE AREAS IMPACTED BY WEATHER, WE WANT YOU TO KNOW THAT YOU HAVE OUR HEART-FELT SUPPORT.

CONTACT PAGE:
THANKS AL. AS ALWAYS, WE'D LIKE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INBOX@AGDAY.COM . WE CAN ALSO STRIKE-UP A CONVERSATION ON OUR FACEBOOK PAGE.

 


 


 

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