AgDay Daily Recap -December 13, 2013

December 13, 2013 03:57 AM
 

TODAY ON AGDAY

DECEMBER 13, 2013

 

STOLEN SEED:

GOOD MORNING I'M CLINTON GRIFFITHS. TECHNOLOGY ESPIONAGE IN THE CORNBELT AS A CHINESE NATIONAL IS CHARGED WITH STEALING MILLIONS OF DOLLARS IN SEED TECHNOLOGY. I REACHED OUT TO MONSANTO FOR A RESPONSE. LEE QUARLES TOLD ME, "MONSANTO TAKES THIS DEVELOPMENT SERIOUSLY AND IS COOPERATING WITH THE U.S. ATTORNEY'S OFFICE AND THE FEDERAL BUREAU OF INVESTIGATION ON THIS MATTER AS REQUESTED. MONSANTO CONTINUES TO BELIEVE THAT INNOVATIONS IN THE AGRICULTURE SECTOR REPRESENT AN IMPORTANT PART OF SUPPORTING THE DEMANDS OF OUR PLANET. QUARLES SAYS HE CAN'T COMMENT ANY FURTHER, AS IT'S AN ONGOING INVESTIGATION.

CORN ETHANOL REPEAL:

THERE'S ANOTHER LEGISLATIVE PUSH THIS MORNING TO DO AWAY WITH CORN-BASED ETHANOL. CALIFORNIA SENATOR DIANE FEINSTEIN, TOM COBURN OF OKLAHOMA AND KAY HAGAN OF NORTH CAROLINA INTRODUCED THE "CORN ETHANOL MANDATE ELIMINATION ACT". IT HAS CO-SPONSORS ON BOTH SIDES OF THE POLITICAL AISLE.

VILSACK LAW:

DEBATE OVER A NEW FARM BILL CONTINUES. AS WE REPORTED SENATE LEADERS SAY THEY WILL NOT VOTE TO PASS AN EXTENSION OF THE 2008 FARM BILL. HOWEVER, SECRETARY VILSACK SAYS IT WILL LIKELY TAKE AT LEAST A MONTH TO IMPLEMENT PERMANENT FARM LAW--GIVING LAWMAKERS MOST OF JANUARY TO COMPLETE THEIR WORK ON NEW 5 YEAR LEGISLATION.

DROUGHT MONITOR:

THE NATIONAL DROUGHT MONITOR IS OUT--IT SHOWS MODERATE DROUGHT OR WORSE NOW COVERS ROUGHLY 30 PERCENT OF THE LOWER 48. THAT'S THE SMALLEST AREA OF COVERAGE IN TWO YEARS. HOWEVER OUT WEST THINGS REMAIN IN A TOUGH SITUATION. SEVERE OR EXCEPTIONAL DROUGHT COVERS 83 PERCENT OF CALIFORNIA AND 78 PERCENT OF NEVADA.  IT ALSO REMAINS A THREAT TO RANGELAND, PASTURES, AND WINTER WHEAT ON THE SOUTHERN HIGH PLAINS. HOWEVER THINGS ARE BETTER THAN THEY HAVE BEEN...THAT COULD ULTIMATLY HAVE AN IMPACT IN CATTLE COUNTRY.

PROPANE USE:

THE FRIGID TEMPERATURES WILL CAUSE SOME HEFTY HEATING BILLS. IT'S ALSO PUTTING A DEMAND ON PROPANE USE. THE ENERGY INFORMATION ADMINISTRATION SAYS PROPANE PRODUCTION IN THE U-S SET RECORD HIGHS ON ALMOST A WEEKLY BASIS THIS YEAR. PART OF THAT PRODUCTION WAS A DIRECT RESULT OF NOT ONLY COLD TEMPS BUT A RECORD CORN CROP.  MUCH OF THAT CROP CAME-OFF WITH HIGH MOISTURE LEVELS, REQUIRING A DRY-DOWN. OUR OWN METEOROLOGIST MIKE HOFFMAN JOINS US FROM THE AGDAY WEATHER CENTER FOR OUR FIRST LOOK AT FARM COUNTRY AND THIS MORNING'S CROP WATCH. HELLO MIKE.

IOWA FARM LAND:

K-STATE AG ECONOMIST TERRY KASTENS SAYS HE THINK LAND VALUES WILL SLOW THEIR METEORIC RISE. HE'S CALLING FOR PRICES TO STAY FLAT OR FALL 10 PERCENT IN 2014.

A RECENT IOWA LAND VALUE SURVEY FROM NOVEMBER SHOWS FARMLAND PRICES STILL MAKING HISTORY--NOW ESTIMATED AT 87-HUNDRED DOLLARS PER ACRE--UP 5 PERCENT FROM LAST YEAR.

PROFIT BRIEFING:

TUESDAY'S SUPPLY-DEMAND REPORT SHOWS GLOBAL WHEAT STOCKS ARE AT A TWO YEAR HIGH. THERE'S A MUCH BIGGER CROP IN CANADA AND OVERSEAS. IN TODAY'S PROFARMER PROFIT BRIEFING, SENIOR MARKET ANALYST BRIAN GRETE AND DIGITAL MANAGING EDITOR JULIANNE JOHNSTON LOOK AT THE WHEAT FUNDAMENTALS - BOTH DOMESTIC AND GLOBAL.

TEXAS RANCHER:

THE AG INDUSTRY TALKS A LOT ABOUT THE NEXT GENERATION OF FARMERS AND RANCHERS. THAT'S ONE REASON THE TEXAS FARM BUREAU STARTED ITS OUTSTANDING YOUNG FARMER AND RANCHER CONTEST. THIS YEAR, THE WINNERS ARE SAM AND SHANNON SPARKS...A YOUNG FAMILY ALREADY ENJOYING SOME SWEET SUCCESS.

FARM RECIPE:

ITS TIME NOW FOR OUR FARM FAVORITE RECIPE OF THE WEEK AND THIS ONE IS SURE TO SPICE UP YOUR NEXT HOLIDAY GATHERING. IT'S CALLED HOLIDAY JALEPENO JELLY.

CITRUS FIGHTERS:

WITH THE CITRUS GREENING DISEASE CONTINUING TO TAKE A BITE OUT OF THE NATION'S CITRUS INDUSTRY, THE USDA SAYS ITS STEPPING UP EFFORTS TO FIGHT BACK.

 

 

 
 
 
 
 
 
 
 
 
<​/span>
<​/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