AgDay Daily Recap -December 27, 2012

December 27, 2012 04:57 AM

DECEMBER 27, 2012


Good morning I’m Tyne Morgan, in for Clinton Griffiths. As we approach the end of the year, un-finished business in Washington is our top story.


We're just days away from saying good-bye to 2012 and welcoming 2013. As that happens, many farm operations are busy finalizing year-end books and paperwork. AgDay has been brining you tax tips from farm CPA expert Paul Neiffer. In today's Paul’s Tax Tips, he discusses a bump in dividend tax rates and how you should  prepare now.


Some farmers are still bringing in this year’s sugarcane crop. It's not unusual.  In fact, it's been a very good year for many of Louisiana’s crops . They had record or near record high yields in 2012, including sugarcane. Most of the crop is in and some mills are still grinding the cane. LSU Agcenter correspondent Tobie Blanchard says farmers have been pleased with the harvest.


Severe weather tore across the deep south on Christmas, spawning dozens of tornadoes from Texas to Alabama. As the weather charged north, heavy snows were generated in the Ohio valley. Frank Waugh from AgDay affiliate WNDU-TV in South Bend, Indiana joins us now with cropwatch.


A familiar face has again claimed top prize for this year’s corn growing contest sponsored by the National Corn Growers Association.


Before the Christmas holiday, USDA released its monthly cattle on feed report. It shows cattle and calves on feed for the slaughter market totaled 11.3 million head as of December first. That's 6% below a year ago. Placements in feedlots during November totaled 1.9 million, also 6% lower than 2011. Marketing’s of fed cattle during November totaled about 1.7 million, 1% below 2011. Also in beef today, farming groups are urging the U.S. Department of Justice to investigate the proposed expansion of food processing company JBS USA. JBS is looking to acquire two U.S. beef packing plants owned by XL Four Star Beef.


2013 is just days away. But it's not too early to think about 2014! Farm Director Al Pell discusses the pricing structure in this morning's analysis.


Winter in the Midwest is a great time to catch a spectacular show - bald eagles in flight! This is especially true where there's open water, like on the Mississippi river. Thousands of eagles push into Iowa as the weather gets cold. In this report provided by the Iowa DNR, Joe Wilkinson tells us why our nation's symbol is so prevalent again...and where to go to see them in action.


In food and your family, as the debate over genetically modified foods continues, the first genetically modified animal is getting closer to entering the food chain. During this Christmas break, you may want to take your children sledding. If you do, here are some statistics you need to keep in mind.




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