AgDay Daily Recap - November 19, 2010

November 19, 2010 03:31 AM
 

TODAY ON AGDAY:
NOVEMBER 19, 2010

NAILE OVERVIEW:
THE NORTH AMERICAN INTERNATIONAL LIVESTOCK EXPO WRAPS ITS 2010 RUN TODAY. THE TWO WEEK EVENT IS THE LARGEST PUREBRED LIVESTOCK SHOW IN THE WORLD. IN ITS 37TH YEAR, ORGANIZERS SAY EVEN IN A TOUGH ECONOMY, THE PARTICIPATION IS STRONG. EVEN UNDER 1.2 MILLION SQUARE FEET IS CLOSE QUARTERS IN THE ANIMAL ATMOSPHERE. LIVESTOCK, FRIENDS AND FAMILY ARE FILLING UP LOUISVILLE KENTUCKY'S FREEDOM HALL, FOR A SHOT IN THE SHOW RING. DAVID PICKNEY IS HERE WITH HIS GRANDKIDS, AND FIVE BREEDS OF SHEEP. IT'S THAT MASSIVE TURNOUT THAT KEEPS THIS TOP NOTCH SHOW AS A LEADER IN THE INDUSTRY. IT STARTED IN 1974 WITH FIVE BREEDS OF CATTLE TODAY IT HAS 20 BREEDS AND COVERS TEN DIFFERENT SPECIES OF ANIMALS. INDUSTRIES ALL OVER THE COUNTRY HAVE BEEN HIT HARD BY A TOUGH ECONOMY. BUT HERE AT THE NORTH AMERICAN LIVESTOCK EXPO A TOUGH ECONOMY HASN'T SEEMED TO IMPACT THE NUMBER OF EXHIBITORS THIS YEAR. I WAS ALSO IN LOUISVILLE COVERING THE AMERICAN ANGUS ASSOCIATION'S ANNUAL CONVENTION OF DELEGATES. I SPOKE TO A LOT OF PRODUCERS AT THE EVENT. NEXT WEEK HEAR HOW THE INDUSTRY AND ANGUS PRODUCERS ARE DEALING WITH THE RECENT UPTICK IN FEED PRICES.

LAND VALUES:
THERE'S NO SURPRISE THAT THE VALUE OF GOOD QUALITY FARMLAND IN THE CORN BELT CONTINUES TO RISE. BUT THE OUTCOME OF A RECENT AUCTION TAKES IT TO EXTRAORDINARY LEVELS. ACCORDING TO OUR REPORTING PARTNERS AT LAND-OWNER NEWSLETTER, AN 80-ACRE TRACT IN SIOUX COUNTY, IOWA RECENTLY SOLD FOR NEARLY 14,000 DOLLARS AN ACRE! DEL BEYER OF BEYER AUCTION AND REALTY HANDLED THE AUCTION. HE SAYS THE AREA IS DOMINATED BY WELL-ESTABLISHED FARM FAMILIES WITH DEEP ROOTS, WHICH PLAYED A ROLE IN THE LOFTY SALES. PLUS, THERE'S A LARGE NUMBER OF LIVESTOCK OPERATIONS AND ETHANOL PLANTS, SO THERE'S NO SHORTAGE OF MARKETS FOR GRAIN. BEYER SAYS THE BIDDING STARTED AT 7,500 DOLLARS AN ACRE. MEANWHILE, FARMLAND VALUES IN THE MIDWEST AND PLAIN STATES CONTINUE TO RISE. ON THURSDAY, THE FEDERAL RESERVE BANK IN CHICAGO RELEASED ITS LATEST SURVEY OF BANKERS. IT SHOWS FARMLAND VALUES IN THIS DISTRICT JUMPED FROM A YEAR AGO. THIS DISTRICT COVERS THE BIG "EYE" STATES, WISCONSIN AND MICHIGAN. THE BIGGEST INCREASE WAS IOWA WHERE PRICES SURGED 13%. LAST WEEK, THE FED IN KANSAS CITY RELEASED ITS RESULTS. COVERING MUCH OF THE PLAINS, THE DISTRICT SAW INCREASES RANGING 4-10% HIGHER. THAT DISTRICT COVERS COLORADO TO MISSOURI AND FROM MONTANA TO NEW MEXICO. BACK TO THE KANSAS CITY RESERVE REPORT, MIKE SAYS FARMLAND CASH RENTAL RATES WERE ALSO UP, BUT NOT AS DRAMATICALLY AS THE LAND VALUES. RENTS ARE 5% HIGHER THAN A YEAR AGO ON CROPLAND.... ABOUT 2% HIGHER ON RANCH LAND.

LAME DUCK:
CONGRESS HAS A PLATE FULL OF AGENDA ITEMS THAT NEED TO BE COMPLETED BEFORE THE END OF THE YEAR. HOWEVER, THEY AREN'T EXPECTED TO GET MUCH DONE IN THE LAME DUCK SESSION. TOPPING THE LIST OF PRIORITY ITEMS FOR AGRICULTURE INCLUDES THE EXPIRING TAX INCENTIVE FOR ETHANOL, THE BIODIESEL TAX INCENTIVE AND THE ESTATE TAX PROVISION. CONGRESS ALSO HAS TO COMPLETE APPROPRIATIONS OR GOVERNMENT STOPS. THE REAL QUESTION IS WHETHER THEY PASS A CONTINUING RESOLUTION FOR THREE MONTHS OR EXTEND IT FOR A YEAR. HOWEVER, ITS SPECULATED THAT ONCE THAT IS DONE THAT MAY BE THE END OF THE LAME DUCK SESSION.

ANALYSIS:
GARY WILHELMI

HARVEST OF THANKS:
THANKS MIKE. I WANT TO REMIND YOU ABOUT OUR ANNUAL TRIBUTE TO AMERICA'S FARMERS AND RANCHERS COMING UP NEXT WEEK. WE HOPE YOU JOIN US NEXT THURSDAY - - THANKSGIVING DAY - - FOR HARVEST OF THANKS. MORE THAN A DECADE AGO WE BEGAN THIS TRADITION TO CELEBRATE AMERICAN AGRICULTURE.

IN THE COUNTRY; BETTY WHITE FOREST RANGER:
THE POPULARITY OF ACTRESS BETTY WHITE HAS CROSSED SEVERAL GENERATIONS. YOU MAY REMEMBER HER AS SUE ANN NIVENS IN THE "MARY TYLER MOORE" SHOW OF THE 70'S. OR PERHAPS YOU ENJOYED HER CHARACTER AS ROSE NYLUND IN THE 1980'S SIT-COM "THE GOLDEN GIRLS". AND FOR THE "NOW" GENERATION, PERHAPS YOU SAW HER THIS YEAR ON A SNICKERS CANDY BAR COMMERCIAL OR AS HOST OF SATURDAY NIGHT LIVE. NOW, SHE HAS A NEW ROLE - - HONORARY PARK RANGER. PAT O'LEARY HAS DETAILS IN THIS REPORT PROVIDED BY USDA.  FOOD AND YOUR FAMILY IS NEXT. PLUS YOUR COMMENTS FROM THE AGDAY INBOX. BUT FIRST LET'S CHECK OUT THIS WEEKS INSTALLMENT OF RUBES FRIDAY FUNNIES. OUR GOOD FRIEND LEIGH RUBIN PROVIDES THEM TO US EACH WEEK. REMEMBER, YOU CAN ALSO SEE HIS WORK ONLINE AT www.agweb.com AND WWW.RUBESCARTOONS.COM . WE'LL BE RIGHT BACK.

HUNGRY AMERICANS:
DURING THE HOLIDAY'S MANY PEOPLE TAKE TIME TO SERVE A MEAL AND HELP THOSE WHO ARE HUNGRY. IN TODAY'S FOOD AND YOUR FAMILY NEW RESEARCH FROM THE USDA SHOWS HELP IS NEEDED MORE THAN EVER. THE ECONOMIC RESEARCH SERVICES SAYS MORE THAN 50 MILLION AMERICANS ARE FOOD INSECURE. THAT MEANS THEY LACK CONSISTENT ACCESS TO A NUTRITIOUS, WELL-BALANCED DIET.  OF THAT NUMBER 17 MILLION OF THOSE AMERICANS ARE CHILDREN.
THE REPORT SAYS CHILD HUNGER REMAINS CRITICALLY HIGH, WITH NEARLY 1 IN 4 AT RISK IN 2009. PROGRAMS LIKE SNAP OR THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM REPORT RECORD PARTICIPATION.

CHILD NUTRITION ACT:
MANY ARE WATCHING CONGRESS, DURING ITS LAME DUCK SESSION, FOR HELP WITH THIS ISSUE. A CHILD NUTRITION BILL IS STILL WAITING FOR THE HOUSE OF REPRESENTATIVES TO MAKE A MOVE. IN AUGUST THE SENATE PASSED THE HEALTHY HUNGER FREE KIDS ACT. THE $4.5 BILLION DOLLAR CHILD NUTRITION BILL, SEEKS TO IMPROVE THE HEALTH OF LUNCHES IN SCHOOLS AND EXPAND FEEDING PROGRAMS FOR LOW-INCOME STUDENTS. FUNDS ARE SLATED TO COME FROM REDUCING FUTURE INCREASES IN FOOD-STAMP BENEFITS BY $2.2 BILLION.  IT'S NOW AWAITING ACTION IN THE HOUSE OF REPRESENTATIVES.

AGDAY INBOX:
NOW TO THE AGDAY INBOX. WE ASKED YOU TO COMMENT ABOUT THE LATEST UNDERCOVER VIDEO SHOT BY THE HUMANE SOCIETY OF THE UNITED STATES. IT REPORTEDLY SHOWS THE CONDITIONS INSIDE AN EGG OPERATION IN TEXAS. HSUS CALLS IT A THREAT TO FOOD SAFETY. MARK JOHNSON RESPONDED TO THE STORY. HE SAYS IT'S THE SAME PROPAGANDA FROM THE ANIMAL RIGHTS LOBBY. HE SAYS "THEY TAINT THE IMAGE OF TRUE ANIMAL WELFARE ORGANIZATIONS AS MUCH AS
THEY TRY TO WARP AGRICULTURAL PURSUITS AND LIVELIHOODS." AND VIEWER GIL REESE IS CRITICAL OF THE NON-PROFIT STATUS OF HSU S SAYING THE ORGANIZATION SPENDS LITTLE IN PROTECTING ANIMALS, BUT "THEY SPEND THE REST OF IT LINING THEIR POCKETS AND TRYING TO PUT US OUT OF BUSINESS."

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON FACEBOOK.

 

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close