AgDay Daily Recap - November 18, 2010

November 18, 2010 09:58 AM
 

TODAY ON AGDAY:
NOVEMBER 18, 2010

TEXAS COTTON HARVEST:
IT'S RARE WHEN WE SEE HIGH PRICES FOR COTTON COMBINED WITH A HIGH-YIELDING CROP. BUT THAT'S WHAT SOME GROWERS IN THE HIGH PLAINS OF TEXAS ARE ENJOYING THIS YEAR. BUT THAT DOESN'T MEAN IT WAS AN EASY SEASON. AGDAY REGIONAL REPORTER ERICA GOSS HAS DETAILS FROM THE FIELDS OF TEXAS COTTON.

COTTON HARVEST:
AS OF MONDAY'S CROP PROGRESS REPORT, 68% OF THE TEXAS COTTON CROP HAD BEEN HARVESTED. THAT'S 17 POINTS AHEAD OF THE FIVE YEAR AVERAGE. CONDITION-WISE, 58% IS CALLED GOOD TO EXCELLENT NATIONWIDE, 78% IS COMPLETED. OTHER THAN ARIZONA, ALL OTHER STATES ARE WELL AHEAD OF THE AVERAGE PACE.

NEW MEX HOPS:
IN OTHER CROP NEWS, THIS ONE BIG IN THE PACIFIC NORTHWEST...THE USDA REPORTS AN INCREASE IN THE TOTAL POUNDS OF HOPS. THE BREWER'S BEST FRIEND, POUNDS OF HOPS IS UP NEARLY 30% OVER LAST YEAR. AND IF ONE NEW MEXICO RESEARCHER HAS IT HIS WAY...THOSE TOTALS MAY CONTINUE TO RISE. RESEARCHER KEVIN LOMBARD, OF NEW MEXICO STATE UNIVERSITY IS STUDYING WHETHER ITS POSSIBLE TO GROW HOPS IN THE FOUR CORNER'S REGION. THE CLIMATE THERE IS SIMILAR TO THE AREA WHERE HOPS ARE GROWN IN WASHINGTON, OREGON AND IDAHO. AFTER TWO YEARS OF WORK HE'S PROVEN THE BEER FLAVOR MAKER WILL GROW IN NEW MEXICO SOIL. THAT'S GOOD NEWS FOR FARMERS IN THE REGION...LOOKING FOR ALTERNATIVE CROPS.  LOMBARD IS ALSO WORKING WITH A LOCAL MAN WHO'S BEEN GROWING HOPS FOR YEARS. TOGETHER THEY'RE CULTIVATING A NATIVE VARIETY THAT GROWS WILD IN THE RIO GRAND BASIN FROM COLORADO TO MEXICO. GENETIC TESTING SHOWS IT'S A UNIQUE VARIETY. THEY HOPE TO HARVEST THE FIRST CROP FOR BREWING NEXT YEAR.

GRASSLEY:
THE CONGRESSIONAL LAME DUCK SESSION IS UNDERWAY IN WASHINGTON. THE ENTIRE AG INDUSTRY IS WATCHING WHAT IF ANYTHING CONGRESS WILL DO IN REGARDS TO SEVERAL KEY TAX ISSUES. ETHANOL GROUPS ARE URGING LAWMAKERS TO EXTEND THE ETHANOL BLENDERS TAX CREDIT. IT EXPIRES AT THE END OF THE YEAR.  IOWA SENATOR CHUCK GRASSLY SAYS IF TAXES HIT THE TABLE HE'LL PUSH FOR BIOFUELS TO BE INCLUDED. AS PART OF A TAX BILL GRASSLEY HOPES TO INCLUDE AN EXTENSION OF THE CURRENT ESTATE TAX RULES.  AT THE END OF THE YEAR, IT REVERTS BACK TO A ONE MILLION DOLLAR EXEMPTION AT A 55% RATE. CURRENTLY IT’S AT 3.5 MILLION AND 45%. AMERICAN FARM BUREAU SAYS IT SUPPORTS PUSHING THOSE NUMBERS EVEN FURTHER...AN ESTATE TAX EXEMPTION UP TO 5 MILLION DOLLARS AT A TOP RATE OF 35%.

MARKETING RALLY:
HE MENTIONED HOW PRODUCERS ARE FOCUSING ON THEIR MARKETING PLANS RIGHT NOW. IF YOU'RE ONE OF THOSE FOLKS, WE HAVE AN OPPORTUNITY TO GET ADVICE FROM A HOST OF LEADING EXPERTS.  WE HAVE A LARGE PANEL OF GRAIN MARKETERS TAKING PART IN THE 2010 MARKETING RALLY. THE EVENT TAKES PLACE DECEMBER FIRST AND SECOND AT PHEASANT RUN RESORT IN ST. CHARLES, ILLINOIS. WE'VE ASSEMBLED 16 TOP-FLIGHT GRAIN ANALYSTS, MANY OF THEM YOU SEE RIGHT HERE ON AGDAY. IT'S NOT TOO LATE TO REGISTER. GO TO WWW.MARKETINGRALLY.COM FOR DETAILS.

NAILE ANGUS:
AS YOU MAY HAVE NOTICED I'VE BEEN GONE FOR THE LAST COUPLE OF DAYS. I WAS AT THE NORTH AMERICAN INTERNATIONAL LIVESTOCK EXPO FOR THE AMERICAN ANGUS ASSOCIATION'S ANNUAL CONVENTION OF DELEGATES. THE 127TH ANNUAL MEETING GATHERED PRODUCERS FROM ACROSS THE COUNTRY. DELEGATES WERE ON HAND TO ELECT FIVE NEW MEMBERS TO ITS BOARD OF DIRECTORS. AT THE SAME TIME THE NORTH AMERICAN INTERNATIONAL LIVESTOCK EXPO WAS UNDERWAY. EXHIBITORS AND SOME OF THE BEST STOCK IN THE U.S. CAME TO COMPETE FOR TOP HONORS. I'LL SPENT MY TIME GATHERING NEWS AND HIGHLIGHTS FROM BOTH EVENTS AND WILL HAVE EXCLUSIVE COVERAGE ON THE SHOW OVER THE NEXT FEW DAYS.

ANALYSIS:
JIM BOWER

IN THE COUNTRY; SD HUNTING PRESERVED:
IN SOUTH DAKOTA, AUTUMN IN FARM COUNTRY IS ALL ABOUT THE HARVEST. BUT IT'S ALSO ABOUT THE STATE'S PHEASANT HUNTING SEASON. A GROWING NUMBER OF FARMERS ARE EXPANDING THEIR BOTTOM LINE BY WELCOMING HUNTERS TO THEIR LAND. LARRY ROHRER FROM SOUTH DAKOTA PUBLIC BROADCASTING, TAKES US ON THE HUNT.  THANKS LARRY. LAWMAKERS TAKE A STEP TOWARDS TOUGHER FOOD SAFETY REGS. DETAILS NEXT IN FOOD AND YOUR FAMILY.

FOOD SAFETY:
THE MEASURE WOULD GIVE THE FOOD AND DRUG ADMINISTRATION MORE POWER TO PREVENT FOODBORNE ILLNESSES. THE SENATE VOTED 74-TO-25 TO PROCEED WITH THE BILL. THE BILL WOULD GIVE THE FDA MORE AUTHORITY TO RECALL TAINTED PRODUCTS, INCREASE INSPECTIONS OF FOOD PROCESSORS AND REQUIRE PRODUCERS TO FOLLOW STRICTER STANDARDS FOR KEEPING FOOD SAFE. THE HOUSE PASSED A SIMILAR BILL OVER A YEAR AGO.

HSUS:
MEANWHILE, ANIMAL RIGHTS GROUP 'THE HUMANE SOCIETY OF THE UNITED STATES' HAS RELEASED UNDERCOVER VIDEO SHOWING WHAT IT SAYS IS AN EGG PRODUCTION OPERATION IN TEXAS OWNED BY CAL-MAINE FOODS. CAL-MAINE IS THE LARGEST SHELL EGG PRODUCER IN THE U-S. JUST LIKE OTHER VIDEOS RELEASED BY THE ACTIVIST GROUP, HSUS SAYS THIS SHOWS ANIMAL ABUSE AND FOOD SAFETY PROBLEMS. HSUS IS PUSHING THE FOOD INDUSTRY TO ADOPT CAGE-FREE HOUSING SYSTEMS.  ACCORDING TO THE CAL-MAINE WEBSITE, 19% OF ITS SHELL EGG BUSINESS IS DERIVED FROM "SPECIALITY SHELL EGGS" WHICH INCLUDES CAGE FREE AND ORGANIC EGGS. CAL-MAINE TOLD US EACH EMPLOYEE INOLVED IN THE HANDLING OF HENS IS REQUIRED TO SIGN A CODE OF CONDUCT REGARDING ETHICAL TREATMENT OF HENS.

CONTACT PAGE:
WE KNOW HSUS IS A LIGHTENING ROD IN THE AG INDUSTRY...TELL US YOUR THOUGHTS ON THIS LATEST ISSUE-- CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO SEND YOUR COMMENTS TO ME AT WWW.FACEBOOK.COM/AGDAY .
 

 

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