AgDay Daily Recap -August 29, 2012

August 29, 2012 05:57 AM
 

TODAY ON AGDAY
AUGUST 29, 2012

ISAAC HITS:

Good morning I’m Clinton Griffiths. Hurricane Isaac slams into the U.S. Bringing with it high winds and torrential rains.

RECORD FARM INCOME:

Because drought-impacted crops pushed grain prices to new highs, it appears farm incomes will also reach a new high this year.

PORK INDUSTRY:

Purdue economist Chris Hurt is warning of a Tsunami of red ink in hog industry. He says pork producers are facing losses that could eclipse those of 1998. A time when animals were virtually worthless.

GRAIN PILES:

The North Dakota small grain harvest is filling the state's elevators beyond capacity.

Big yields from the wheat fields are forcing elevator managers to stockpile the grain on the ground. Spring wheat harvest has nearly wrapped-up when it's usually just about half. Cliff Naylor from KFYR-TV reports.

FARM PROGRESS:

With the farm progress show as a back-drop, key commodity groups are pushing lawmakers to make some "progress" with the 2012 Farm Bill. The largest farm show in the country is now underway in Boone, Iowa.

CROP WATCH:

While some states are set to get a drought-busting relief from Isaac, other regions of the country are still struggling with severe dryness. Mike Hoffman joins us again, mike.

QUALITY BEEF:

Drought has taken its toll on the livestock industry. From liquidations, to hauling water, to high costs of feed and hay, it’s been a tough couple of years. A new University of Missouri program could help beef producers better recover from this dry stretch. Kent Faddis with the University of Missouri extension tells us how it works and how it can help improve producer’s bottom lines. There's a quality beef by the numbers conference coming up on August 30th. You get more information at www.quality-beef.com.

FOOD AND YOUR FAMILY:

In food and your family, food branded as natural and organic continues to gain momentum in the marketplace. According to market research firm, spins, says retailers in this space have seen double digit sales growth every month throughout 2012. Restaurants looking for new menu items may want to start in the ethnic food aisle.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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