AgDay Daily Recap -March 25, 2014

March 25, 2014 02:57 AM
 

TODAY ON AGDAY

MARCH 25, 2014

 

WHEAT WEATHER:

GOOD MORNING I'M CLINTON GRIFFITHS. THE CALENDAR MAY SAY SPRING BUT THE THERMOMETER ISN'T SO CONVINCING. ANOTHER COLD SNAP MAKING ITS WAY ACROSS MUCH OF THE COUNTRY TO START THE WEEK.

FARMING BIGGER:

WE'RE SEEING A TREND IN MODERN-DAY AGRICULTURE WHERE TENNESSEE FARMERS ARE PRODUCING MORE AND MORE ACRES. IT'S BEING DONE NOT TO MAKE MORE MONEY, BUT FOR PRODUCERS TO STAY IN BUSINESS. IN THIS REPORT FROM THE U-T INSTITUTE OF AGRICULTURE, CHUCK DENNEY SHOWS US THE ECONOMIC REALITIES OF HAVING TO FARM BIG.

CROP WATCH:

I THINK THIS CANINE IS LIKE A LOT OF FOLKS IN THE MIDWEST AND OUT EAST. THEY'RE ALL ON THE LOOKOUT FOR THE REAL SPRING TO APPEAR. OUR THANKS TO ERIC MINKS WHO SENT THIS PHOTO FROM EAST CENTRAL MINNESOTA.

DAIRY TODAY:

IN NEWS FROM OUR PARTNERS AT DAIRY TODAY - RABO-BANK RELEASED THE RESULTS OF ITS FIRST QUARTER DAIRY REPORT. THE GLOBAL BANK SEES STRONG 'INCOME OVER FEED COST MARGINS' FOR AT LEAST 12 MONTHS. U-S PRODUCERS ARE BENEFITTING FROM THE RECORD HIGH MILK PRICES. BUT THEY'RE ALSO ENJOYING THE 25-PERCENT DROP IN FEED COSTS. RABO-BANK SAYS THOSE FACTORS HAVE DRIVEN THE IOFC UP BY 120-PERCENT. ON THE DEMAND SIDE, RABOBANK SEES SLOWING MILK CONSUMPTION IN THE UNITED STATES AS HIGH MILK PRICES FILTER THROUGH TO DAIRY CASES.  STILL, GLOBAL DEMAND - ESPECIALLY FROM CHINA - WILL CONTINUE TO DRIVE EXPORTS AND WORLD PRICES, SAID THE ANALYSTS AT RABOBANK. ALSO FROM THE DAIRY INDUSTRY - THE DUTCH HAVE PLEDGED TO HELP CHINESE PRODUCERS BOOST THE QUALITY AND QUANTITY OF THEIR MILK. OFFICIALS FROM THE NETHERLANDS AGREED TO PROVIDE DAIRY EXPERTISE TO HELP CHINESE DAIRY PRODUCERS. CHINA IS TRYING TO REHABILITATE ITS DAIRY REPUTATION IN THE AFTERMATH OF SEVERAL TAINTED MILK SCANDALS. FOUR YEARS AGO, SOME MILK BRANDS IN CHINA WERE FOUND TO CONTAIN MELAMINE, WHICH CAN CAUSE KIDNEY DAMAGE. THE DUTCH GOVERNMENT SAYS ITS EXPERTS WILL HELP CHINA INCREASE ITS ANNUAL MILK PRODUCTION TO 88 BILLION POUNDS IN COMING YEARS.

NATIONAL AG DAY:

AS I MENTIONED AT THE TOP OF THE SHOW, TODAY IS NATIONAL AG-DAY. OF COURSE WE THINK EVERYDAY SHOULD BE AG DAY. NONE-THE-LESS CELEBRATION IN HONOR OF AGRICULTURE ARE BEING HELD ACROSS THE COUNTRY. THE NATIONAL AG DAY CELEBRATION IS BEING RECOGNIZED COMPANY WIDE BY FARM JOURNAL. TYNE MORGAN IS IN WASHINGTON COVERING TODAY'S EVENTS. WE ALSO HAVE STAFF FROM AGWEB DOT COM WHO WILL BE PROVIDING COVERAGE THROUGH-OUT THE DAY. PLUS, AGWEB WOULD LIKE TO HEAR FROM FOLKS LIKE YOU. THEY'D LIKE YOU TO TAKE PHOTOS FROM YOUR FARM WHILE WORKING TODAY. WE WANT YOU TO HELP DOCUMENT A DAY IN THE LIFE OF AMERICA'S FARMERS BY POSTING YOUR PHOTOS ON THE AGWEB FACEBOOK PAGE OR ON TWITTER.

BORLAUG STATUE:

INCLUDING IN THE NATION'S CAPITOL.
TODAY MARKS THE 100 YEAR ANNIVERSARY OF THE BIRTH OF NORMAN BORLAUG. HIS WORK IN DROUGHT RESISTANT WHEAT GENETICS IS CREDITED WITH SAVING A BILLION PEOPLE FROM STARVATION. A STATUE OF THE LATE AG PIONEER WILL BE UNVEILED TODAY IN STATUARY HALL AT THE U.S. CAPITOL. EVEN AT THE CENTRURY MARK, HIS GRANDDAUGHTER WILL TELL YOU, THE WORK ISN'T COMPLETE.

AG BANKS:

IN AGRIBUSINESS, IT WAS A PRETTY GOOD YEAR FOR FARM BANKS IN 2013. THE MORE THAN 2-THOUSAND FARM BANKS INCREASED AG LENDING BY 9 PERCENT TO NEARLY 88 BILLION DOLLARS. THAT'S ACCORDING TO THE AMERICAN BANKER'S ASSOCIATION. THE ABA ALSO SAYS THE NUMBER OF TOUBLED LOANS ALSO FELL TO ABOUT ONE POINT 2 PERCENT OF ALL LOANS. FARM DIRECTOR AL PELL HAS MORE ON THE BANKING INDUSTRY AND THE IMPACT OF CURRENCY ON AG MARKETS.

DC BLOSSOMS:

THE BUDS STILL ARE NOT OPEN ON THE FAMED CHERRY TREES IN WASHINGTON, D.C., BUT THE NATIONAL FESTIVAL TO HONOR THE ANNUAL SPRINGTIME EVENT IS BLOSSOMING.  THIS YEAR MARKS THE 102ND ANNIVERSARY OF THE GIFT OF THOUSANDS OF CHERRY TREES FROM JAPAN AS A SYMBOL OF FRIENDSHIP WITH THE UNITED STATES.  DURING A WEEKEND FESTIVAL CELEBRATION, THE JAPANESE AMBASSADOR TO THE U-S MARVELED AT THE BEAUTY OF THE PINK AND WHITE BLOSSOMS. HE EVEN FELT MOVED TO 'WAX-POETIC' WITH A HAIKU.

BROKEN BRIDGE:

SAFETY CONCERNS SHUT DOWN THE ONLY BRIDGE CONNECTING TWO SMALL OKLAHOMA TOWNS SPLIT BY A RIVER. THE A-P'S JOHN MONE EXPLAINS HOW THE STRUCTURE MEANT TO UNITE IS NOW AN OBSTACLE.

PROTEIN IN DIET:

WHEN IT COMES TO A HEALTHY DIET, THE MAJORITY OF U-S CONSUMERS SAY THAT PROTEIN NEEDS TO BE A PART OF IT. BUT NOT ALL OF THOSE CONSUMERS BELIEVE IT NEEDS TO COME FROM THE LIVESTOCK SECTOR.

ALL NATURAL LAWSUIT:

ARE PRODUCTS MADE FROM GMO CROPS QUOTE ALL NATURAL? IT'S AN ISSUE THE FDA HAS REFRAINED FROM ANSWERING. NOW A CALIFORNIA WOMAN IS HOPING FOR AN ANSWER IN COURT. SHE'S FILED SUIT AGAINST THE HEINZ COMPANY OVER IT'S DISTILLED WHITE VINEGAR. SHE SAYS THE ALL NATURAL CLAIM IS UNTRUE BECAUSE ITS MADE WITH GENETICALLY MODIFIED CORN. HEINZ SAYS THEY THINK THE LAWSUIT IS GROUNDLESS AND LOOK FORWARD TO DEFENDING THE PRODUCT.

 

 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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