AgDay Daily Recap -August 6, 2013

August 6, 2013 04:57 AM
 

TODAY ON AGDAY

AUGUST 6, 2013

 

TEST TUBE BURGER:

GOOD MORNING I'M AL PELL, IN FOR CLINTON GRIFFITHS. IT MAY NOT BE COMPETITION FOR THE BEEF INDUSTRY JUST YET. BUT THE WORLD'S FIRST LABORATORY-GROWN BEEF BURGER WAS TASTE-TESTED YESTERDAY. AND THE REVIEWS ARE MIXED.

CROP PROGRESS:

IN OTHER NEWS THIS MORNING - CROP CONDITIONS REMAINED STRONG IN THE EASTERN CORNBELT AFTER A WEEK OF COOL TEMPERATURES.

RENT LAND VALUES:

MEANWHILE THE LAND THOSE CROPS ARE GROWING ON -- THEY ARE WORTH MORE THAN EVER BEFORE. FARM REAL ESTATE - WHICH INCLUDES LAND AND BUILDINGS ON THE PROPERTY - CAME IN JUST SHY OF 3-THOUSAND DOLLARS AN ACRE, UP ABOUT 9.5 PERCENT. BUT HOW MUCH IT CHANGED IN THE LAST YEAR DEPENDS ON WHERE YOU LIVE. PRICES ARE UP 23 PERCENT IN THE NORTHERN PLAINS. WHILE IN THE SOUTHEAST THEY WERE FLAT. THE CORN BELT CONTINUES TO BE THE MOST EXPENSIVE AVERAGING 64-HUNDRED DOLLARS AN ACRE. LAND OWNER NEWSLETTER EDITOR MIKE WALSTEN

PASTURE LAND:

PASTURE VALUE INCREASED TO 12-HUNDRED AN ACRE, OR ABOUT FOUR PERCENT ABOVE 2012. THE SOUTHEAST REGION HAD THE LARGEST PERCENTAGE DECREASE IN PASTURE VALUE, DOWN ONE-AND-A-HALF PERCENT. THE NORTHERN PLAINS HAD THE HIGHEST INCREASE AT BETTER THAN 18 PERCENT.

FARM COSTS:

LAND ISN'T THE ONLY THING THAT'S HIGHER. ACCORDING TO NASS, FARMERS SPENT A RECORD 352 BILLION DOLLARS ON AG PRODUCTION LAST YEAR. THAT'S UP ABOUT 10 PERCENT FROM 2011. MORE THAN HALF WAS SPENT ON CROP PRODUCTION. CHEMICALS, FERTILIZER AND SEED NOW MAKE ABOUT A THIRD OF A FAMRER'S TOTAL COST. COSTS WERE ALSO UP ON THE LIVESTOCK SIDE, MOSTLY SPENT ON FEED.

RAIL CARS:

IN THE WAKE OF A DEADLY TRAIN ACCIDENT IN CANADA THAT KILLED 50 PEOPLE AND LEVELED DOZENS OF CITY BLOCKS, THE U.S. FEDERAL RAILROAD ADMINISTRATION HAS ISSUED AN EMERGENCY ORDERES TO PREVENT SIMILAR ACCIDENTS IN THIS COUNTRY.

HORSE SLAUGHTER:

TWO HORSE SLAUGHTER PLANTS WILL HAVE TO WAIT FOR AT LEAST 30 DAYS BEFORE THEY COULD POSSIBLY OPEN. ON FRIDAY A FEDERAL JUDGE RULED THAT TWO PLANTS COULD POSE A THREAT TO THE ENVIRONMENT... A RULING THAT FAVORS ANIMAL WELFARE GROUPS. VALLEY MEAT IN ROSWELL NEW MEXICO AND 'RESPONSIBLE TRANSPORTATION' OF IOWA HAD HOPED TO OPEN THIS WEEK. BUT OPENENTS SUED, CLAIMING AN ENVIRONMENTAL REVIEW NEEDS TO BE CONDUCTED. THE JUDGE AGREED. THE RULING PUTS AT LEAST A 30 DAY HALT ON THEIR START.

CHINA NEW ZEALAND MILK:

THE WORLD'S LEADING EXPORTER OF DAIRY PRODUCTS APOLOGIZED FOR A MILK POWDER CONTAMINATION SCARE IN CHINA.  NEW ZEALAND-BASED FONTERRA SAYS IT FOUND BACTERIA IN SOME OF ITS PRODUCTS THAT COULD CAUSE FOOD POISONING. OUR PARTNERS AT DAIRY TODAY SAY CHINA HAS SUSPENDED IMPORTS OF SOME NEW ZEALAND DAIRY PRODUCTS BECAUSE OF THE CONTAMINATION. RUSSIA HAS REPORTEDLY FOLLOWED SUIT. THERE HAVE BEEN NO REPORTS OF ANY ILLNESS LINKED TO THE CASE. DAIRY TODAY SAYS IT'S TOO EARLY TO TELL WHAT IMPACT THE BAN WILL HAVE ON WORLD DAIRY PRICES. BUT CHINA IS ONE OF THE MAJOR IMPORTERS OF DAIRY PRODUCTS. IT COULD GO LOOKING ELSEWHERE.

CROP WATCH:

LET'S GET YOUR FIRST LOOK AT FARM COUNTRY WEATHER THIS MORNING. MIKE HOFFMAS HAVE CROP COMMENTS FROM THE "THREE M'S", GOOD MORNING MIKE.

ANALYSIS:

IN AGRIBUSINESS TODAY - PARTS OF SOUTHERN AND EASTERN CHINA HAVE BEEN STRUGGLING THROUGH A HEAT WAVE. ABOUT A THIRD OF THAT ENTIRE, MASSIVE, COUNTRY HAS BEEN DEALING WITH SWELTERING HEAT. AND WEATHER FORECASTERS EXPECT THE HEAT TO CONTINUE FOR ANOTHER WEEK. ON FRIDAY, I TALKED WITH ANDY SHISSLER FROM ROACH AG MARKETING. HE'S TRAVELED EXTENSIVELY IN THAT COUNTRY. HE SAYS CORN IS FEELING THE AFFECTS IN THE SOUTH.

GARDEN GUESTS:

ONE WAY TO MAKE OUR YARDS PRETTIER IS TO INVITE SOME VISITORS OVER - AND WE'RE TALKING ABOUT THE NATURAL KIND OF VISITORS. GARDENING EXPERTS WITH THE UNIVERSITY OF TENNESSEE HAVE SOME IDEAS ON HOW TO MAKE YOUR LANDSCAPE MORE  WILDLIFE FRIENDLY.CHUCK DENNEY REPORTS ON ATTRACTING - AND KEEPING - NATURE IN YOUR BACKYARD.

FARMERS MARKET WEEK:

IT MAY NOT BE ON YOUR CALENDAR, BUT THIS IS NATIONAL FARMERS MARKET WEEK AS PROCLAIMED BY USDA. THE AG DEPARTMENT SAYS THERE ARE NEARLY 82-HUNDRED FARMERS MARKETS IN THEIR NATIONAL DIRECTORY. THAT'S A 60-PERCENT JUMP IN FIVE YEARS. USDA SAYS DUE TO CONSUMER DEMAND FOR LOCAL FOOD, THEY ARE SEEING AN INCREASE IN THE DIVERSITY OF MARKET OFFERINGS. THEY ALSO SEE MORE PARTICIPATION FROM SMALL BUSINESSES AND FARMS. USDA ESTIMATES NATIONAL SALES AT FARMERS MARKETS TOTALLED SEVEN BILLION DOLLARS LAST YEAR. IT WAS JUST A BILLION DOLLARS IN 2005. THAT USDA DIRECTORY CAN BE FOUND AT FARMERSMARKETS.USDA.GOV.

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
&n​bsp;
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
​ 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 
 
 
 
&​nbsp;
 
 
 
 
 
 
 
 
 ​
 
 
 
 
 
 
 
 
 
 
 
​ 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

CONTACT:
We'd love to hear from you! Contact us at 800-792-4329. Or drop an email to inbox@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