USFR Weekly Recap -July 22-23, 2017

July 22, 2017 03:30 AM
 

TODAY ON U.S. FARM REPORT
JULY 22-23, 2017


HEADLINES
WELCOME TO THIS SPECIAL EDITION U.S. FARM REPORT  FROM TOMORROW'S TOP PRODUCER IN NASHVILLE,  TENNESSEE.  I'M TYNE MORGAN, AND HERE'S WHAT  WE'RE WORKING ON FOR YOU OVER THE NEXT 60  MINUTES. SUFFERING CROP CONDITIONS IN THE NORTHERN CORN  BELT, BUT IS THERE ANY WEATHER RELATED FIRE LEFT  IN THE CORN MARKET?  THE DICAMBA DEBATE IS ONLY HEATING UP...  <A LOT OF PEOPLE ARE LOOKING FOR IT BECAUSE THEY'VE NEVER LOOKED  FOR IT BEFORE> SO WHAT'S CAUSING IT AND CAN DICAMBA TOLERANT  AND NON-DICAMBA TOLERANT TECHNOLOGIES EVER  COEXIST? THAT'S OUR FARM JOURNAL REPORT.  CARING FOR THE LAND IS THIS MAN'S PASSION AND  MENTION, BUT HE WANTS TO DO SO ON HIS OWN...  <" IF YOU REGULATE A FARMER, ,YOU TAKE AWAY A NUMBER OF OPTIONS  THAT WE MAY NEVER HAD EVEN THOUGHT OF BEFORE,">. THAT'S OUR REAL FACES OF DAIRY. AND IN JOHN'S WORLD. <PROPERTY RIGGHTS AND MY FARM...><U.S. FARM REPORT - BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING, CHEVY SILVERADO.>

CROP CONDITIONS
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS  WEEK, DRY WEATHER TAKING ITS TOLL ON CROP  CONDITIONS IN SOME MAJOR CORN PRODUCING STATES  USDA'A LATEST CROP PROGRESS REPORT SHOWS IOWA  DROPPED 6 POINTS, NOW 71 PERCENT IS RATED GOOD  TO EXCELLENT.  ILLINOIS DROPPING ONE POINT, NOW 62 PERCENT GOOD  TO EXCELLENT.  AND LOOKING AT DROUGHT STRICKEN AREAS, ONLY 30  PERCENT OF SOUTH DAKOTA'S CORN CROP IS IN GOOD  TO EXCELLENT CONDITION.  OVERALL, USDA TRIMMED NATIONAL RATINGS BY A  POINT.  <THAT WAS AN EXPECTED DECLINE. THIS TIME OF YEAR WE GENERALLY  SEE ORU PEAK IN JUNE OR EARLY JULY AND THEN WE KIND OF DETEORIATE  THROUGH HARVEST. SO IT'S NOT UNCOMMON TO SEE CROP CONDITIOSN TO  DETEORIATE, AND AS A MATTER OF FACT, CORN CONDITIONS ARE STILL  ABOVE THE 5 YEAR AVERAGE. > USDA ALSO SHAVING A POINT OFF IT'S NATIONAL  SOYBEAN CONDITION RATINGS. 61 PERCENT IS GOOD TO EXCELLENT. STATE BY STATE, IOWA IS DOWN 4  POINTS. NERBASKA DOWN 3 POINTS.  COTTON CONDITIONS ALSO FALLING, DOWN A POINT TO  60 POINTS GOOD TO EXCELLENT. CALIFORNIA LOOKS TO  BE INT HE BEST SHAPE, WITH 100 PERCENT RATED  GOOD TO EXCELLENT. AND THE WORST CONDITIONS  SITTING IN TEXAS, WHERE LESS THAN HALF IS  CONSIDERED GOOD TO EXCELLENT.  IT'S PASTURE AND RANGE CONDITIONS SHOWING JUST  HOW DRY IT IS IN THE NORTHERN PLAINS. IN SOUTH DAKOTA, 11 PERCENT OF THE PASTURE AND  RANGE IS RATED GOOD, NONE IS IN THE EXCLELLENT  CATEGORY. AND IN NORTH DAKOTA,  ONLY 7 PERCENT IS  CONSIDERED GOOD TO EXCELLENT. 

ATYPICAL BSE
A CASE OF ATYPICAL B-S-E FOUND IN AN 11-YEAR OLD  ALABAMA COW. OFFICIALS SAY WHA'TS IMPORTANT TO NOTE IS THE  ANIMAL NEVER ENTERED SLAUGHTER CHANNELS AND  POSES NO RISK TO FOOD SUPPLY OR HUMAN HEALTH.  THERE ARE TWO TYPES OF BSE, CLASSICAL AND  ATYPICAL.  THIS MARKS ONLY THE 5TH DETECTION OF BSE IN THE U- S. THE CASE BACK IN 2003 THAT CAUSED CHINA TO  SHUT OFF U-S BEEF SHIPMENTS WAS CLASSICAL BSE.  OFFICIALS SAY ATYPICAL CASES DON'T IMPACT THE  WTO BSE RISK STATE OF THE U-S. 

PORK BELLY PRICES
THE BACON CRAZE HAS PORK BELLY PRICES NEAR  RECORD HIGHS... UP  ROUGHLY 80 PERCENT THIS YEAR.  THAT'S AS FROZEN RESERVES AND COLD STORAGE HIT  THE LOWEST LEVEL IN SIXTY YEARS.  MARKET RESEARCH FIRM NIELSEN SAYS AMERICANS  BOUGHT 14 PERCENT MORE BACON IN STORES DURING  2016 THAN THEY DID IN 2013.  SETBACK TO THE TRUMP ADMINSTRATION'S AGENDA IS  PRESSURE THE U-S DOLLAR THIS WEEK.  ON TUESDAY, THE DOLLAR INDEX FALLING TO A 10- MONTH LOW ON TUESDAY.  THAT'S ALSO ON EXPECTATIONS FOR ANOTHER RATE  HIKE AT FEDERAL RESERVE THIS YEAR.

WEATHER
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH WEATHER. MIKE, IT'S  JULY, THINGS ARE HEATING UP, AND THE NORTHERN  PLAINS COULD STILL USE RAIN. YEAH THAT'S RIGHT TYNE THAT AREA UNFORTUNATELY HAS SEEN ALL THESE THUNDERSTORM COMPLEXES DEVELOP EAST OF THEM AND MOVE INTO THE GREAT LAKES. AND SO WE'RE SEEING OUR FIRST EXCEPTIONAL DROUGHT AREAS NOW DEVELOPING OVER THE NORTHERN PLAINS IN EASTERN MONTANA. YOU GO BACK A MONTH AND YOU CAN SEE IT WAS ALREADY GETTING PRETTY BAD SO IT'S BEEN A WHILE OR POCKETS FARTHER EAST BUT THESE HAVE BEEN GOING AWAY OVER TIME. YOU CAN SEE AS WE MOVE THROUGH THE LAST FOUR WEEKS THINGS HAVE BEEN GETTING BETTER IN THE EASTERN THIRD OF THE COUNTRY OVERALL BUT SO FAR NORTHERN PLAINS AND A FEW SPOTS DOWN IN OKLAHOMA AND TEXAS THAT ARE A CONCERN AS WELL. SO LET'S GO DAY BY DAY. CHECK OUT OUR FORECAST. YOU CAN SEE AS WE START MONDAY A STORM SYSTEM IN THE NORTHEAST. COLD FRONT DOWN ALONG THE MID-ATLANTIC COAST AND INTO THE SOUTHEAST AS WELL WITH SOME SCATTERED SHOWERS AND THUNDERSTORMS. COOLER DRIER AIR COMING INTO MOST OF THE GREAT LAKES AND THE NORTHEAST BEHIND THIS SYSTEM OF COURSE YOUR TYPICAL AFTERNOON VARIETY MONSOON MOISTURE OF THE SOUTHWEST SEEING THOSE SCATTERED SHOWERS AND THUNDERSTORMS DEVELOPING. YOU'LL NOTICE EVERY FRONT THAT TRIES TO COME INTO THE NORTHWEST DOESN'T MAKE IT VERY FAR. IT DOES START TO DIVE INTO NORTHERN NORTHERN PLAINS ON WEDNESDAY WITH SOME SPOTTY SHOWERS AND THUNDERSTORMS STATIONARY FRONT IN THE SOUTHEAST SAME IDEA. AND OF COURSE THE AFTERNOON STUFF IN THE SOUTHWEST GOING ON TO FRIDAY THEN THAT NEXT SYSTEM DIVING INTO NEW ENGLAND AGAIN. COLD FRONT DOWN INTO THE TENNESSEE VALLEY WITH SCATTERED SHOWERS AND THUNDERSTORMS AND SOME COOLER AIR ONCE AGAIN COMES INTO THE GREAT LAKES SCATTERED SHOWERS IN THE FAR NORTHERN AREA PARTS OF MONTANA AND THE DAKOTAS. AND OF COURSE IN THE SOUTHWEST WE'LL CHECK YOUR LONGER RANGE FORECAST IN OUR NEXT HALF HOUR.

TEASE
THANKS, MIKE. STILL TO COME ON THIS SPECIAL  EDITION OF U-S FARM REPORT, OUR MARKETING  DISCUSSION HAPPENS RIGHT HERE AT TOMORROW'S  TOP PRODUCER. MATT BENNETT, JAROD CREED AND  NAOMI BLOHM JOIN ME NEXT. 

ROUNDTABLE 1
WELCOME BACK WE HAVE OUR U.S. FARM REPORT ROUNDTABLE DISCUSSION HERE AT THE TOP PRODUCER AT TOMORROW'S TOP PRODUCER'S SEMINAR IN NASHVILLE TENNESSEE. A GOOD CROWD WE'RE EXCITED TO BE HERE IN STORE FOR A GOOD MARKETING DISCUSSION. MATT BENNETT JARED CREED NAOMI BLUM JOIN ME THIS WEEKEND. MATT LET'S GET STARTED. I MEAN THE MARKETS ARE FOCUSED ON WEATHER RIGHT NOW. THAT'S ALL WE'RE HEARING. IT SEEMS LIKE THE AREAS THAT ARE GETTING THE RAIN THEY DON'T NECESSARILY NEED IT. ABSOLUTELY. SO WHAT WE'RE SEEING IS A LOT OF FOLKS THAT DON'T WANT TO GET THE RAIN CONTINUE TO GET POUNDED WITH RAIN AND UNFORTUNATELY IT'S REALLY HAVING AN ADVERSE EFFECT ON THEIR CROPS. WHEREAS YOU'VE GOT AREAS YOU KNOW IN THE DAKOTAS IN NORTHWESTERN IOWA AND IN NEBRASKA THAT ARE DRYING OUT SIGNIFICANTLY AND IT'S REALLY CAUSING A LOT OF ISSUES YOU KNOW A LOT OF CONCERNS AS TO HOW IS THIS GOING TO PLAY INTO THE NATIONAL YIELD ON DOWN THE ROAD. IT'S DEFINITELY FOR CORN. YOU KNOW THE PRIME TIME HERE IN THIS TIME PERIOD FOR BEANS WE'VE PROBABLY GOT A LITTLE BIT MORE TIME TO WAIT ON THE RAIN. BUT THE AREAS THAT ARE GETTING ALL THE RAIN FOR BEANS IS JUST DEVASTATING THE BEAN CROP. BUT WHEN WE LOOK AT THIS WEATHER EVERY WEEK IT'S BEEN A WEATHER MARKET AND OF COURSE IT'S THAT TIME OF YEAR. BUT HOW MUCH FIREWORKS DO YOU THINK ARE LEFT IN THIS CORN MARKET. JARED WHEN IT COMES TO WEATHER?? CERTAINLY FOR THE NEXT MONTH AT LEAST. I THINK THERE'S A LITTLE BIT MORE GOING ON IN THE MARKETPLACE THAN JUST YIELD. THAT'S OBVIOUSLY A CATCHY PHRASE RIGHT NOW TALK ABOUT YIELD, TALK ABOUT YIELD. PERSONALLY I DON'T BELIEVE THE YIELD IS QUITE AS DAMAGED AS MOST PEOPLE WANT TO SAY IT IS RIGHT NOW. I GUESS I'D TELL YOU IT'S 163 164. AND I WOULD ALSO TELL YOU THAT GIVEN TODAY'S MARKET ENVIRONMENT $4 CORN IS OVERPRICED IF YOU GOT 160 364 BUSHEL YIELD CONSIDER AND YOU'RE STILL WELL OVER 2 BILLION BUSHEL CARRIED OUT IN THAT SITUATION. MAYBE YIELD IS GOING TO TAKE A BACK SEAT SEVERAL MONTHS DOWN THE ROAD WHEN WE MAYBE FIGURE OUT A LITTLE BIT OF A SURPRISE THAT WE LOSE SOME HARVESTED ACREAGE. THAT'S PROBABLY THE FIRST STEP UP AFTER YOU GET OVER THIS YIELD DEBATE. I MEAN DO YOU THINK WARNT OVERPRICED AT THIS POINT CONSIDERING ALL THE PROBLEM AREAS WE HAVEN'T SEEN THIS YEAR. NAOMI? IT'S FAIR VALUED RIGHT NOW BECAUSE THE MARKET IS REALLY JUST UNCERTAIN OF WHERE THIS PRICE CAN GO. IF YOU LOOK AT THE GOOD TO EXCELLENT CATEGORY FOR WEEK 29 OR 64 PERCENT GOOD TO EXCELLENT. AND IF YOU TAKE A LOOK AT THIS YEAR COMPARED TO THE PAST 10 YEARS THERE ARE FOUR YEARS THAT ARE VERY SIMILAR FOR GOOD TO EXCELLENT RATINGS AND IN THOSE FOUR YEARS TWO YEARS YIELD CAME OUT BINGO UNEXPECTED TREND LINE. ONE YEAR IT WAS FIVE BUSHELS BELOW THE OTHER YEAR IT WAS 11 BUSHELS BELOW EXPECTED TREND LINE. THERE'S A LOT OF FIREWORKS THAT CAN HAPPEN YET AND I THINK THE REASON THAT CORN HAS JUST BEEN HOLDING TIGHT IN THIS FOREVER RANGE PATTERN IS BECAUSE IT'S AWARE THAT HEY IT COULD BE MAYBE A LITTLE BIT CLOSER TO TREND THAN WHAT PEOPLE THINK. BUT THERE'S A WHOLE LOT OF DISCREPANCY ABOUT HOW LOW IT CAN GO. AND IF WE ARE CLOSER TO 165 FOR TRENDLINE YIELDS FOR YIELDS THAT ACTUALLY CUTS CARRY OUT TO 1.8 BILLION BUSHELS. AND THEN YOU ACTUALLY GOT A FRIENDLY STORY. YOU GOT A REASON FOR THE MARKET TO RALLY. I MEAN YOU'RE AN ILLINOIS MAN AND YOU KNOW I WAS IN ILLINOIS LAST WEEK AND THOSE GROWERS TELL ME LISTEN WE GOT IT WAS ROUGH GET THE CROP IN. WE KIND OF TRIMMED OUR TOP IT OFF FROM THE VERY START OF WHAT ARE YOU THINKING IS GOING ON IN ILLINOIS AT THIS POINT. ILLINOIS YOU GOT A DEFINITE CASE OF HAVES AND HAVE NOTS. WHAT YOU'VE GOT IS SOME FOLKS ARE GOING TO HAVE A REALLY REALLY GOOD CROP. I DON'T KNOW IF WE'RE GOING TO HAVE 14 TYPE YIELDS IT'S GOING TO BE REALLY TOUGH TO GET THERE BECAUSE WE HAVE SO MUCH RAIN EARLY ON RIGHT AFTER WE'VE GOT THE CROP IN THE GROUND. BUT THE PROBLEM IS I WANT TO COMPARE IT TO 2012 JUST A LITTLE BIT. IN 2012 WE HAD JUST A PERFECT GROWING SEASON AT THE START. YOU KNOW CORN CAME OUT OF THE GROUND LIKE A ROCKET WHENEVER IT WAS KNEE HIGH IT WAS PHENOMENAL. PROBLEM IS AFTER THAT WE ALL KNOW WHAT HAPPENED THIS YEAR WE HAD EXTREME STRESS AND WE'VE GOT VERY SIMILAR IN PARTS OF ILLINOIS WEATHER TO WHAT WE HAD IN 2012. THAT REALLY IS KILLING SOME OF THESE PEOPLE ARE THINKING MAYBE 100 BUSHEL UNDER THEIR LAST THREE YEAR AVERAGE. THAT'S THAT'S A PRETTY SIGNIFICANT DROP. BUT ALSO IN 2012 WE HAD A LOT OF A LOT OF OTHER KEY STATES REALLY GET HIT. I MEAN LET'S TALK ABOUT IOWA THIS YEAR CROP CONDITIONS DROPPED SIX POINTS. I MEAN JUST THIS WEEK WITH CORN CONDITIONS IN IN IOWA. IS THAT JUSTIFIED. SURE. WELL IOWA HAS NINE DISTRICTS. EAST WEST NORTH TO SOUTH. NORTHWEST DISTRICT IS THE HEADLINE RIGHT NOW IT'S CATCHING A LOT OF ATTENTION. IT'S TOO DRY TOO HOT. THEN YOU GOT TO START ASKING YOURSELF IF THE EASTERN PART OF THE STATE LIKE THEY HAVE DONE THE LAST COUPLE OF YEARS CAN CARRY THE LOAD. SOUTHWEST I WAS GOT TO BE CONSIDERED A LITTLE BIT AS WELL ALBEIT THEY HAVE MUCH LESS ACRES. I THINK THERE'S ONE REALLY IMPORTANT PIECE THAT HAS TO BE LABELED HERE THOUGH. WE'RE TALKING ABOUT A POTENTIAL MARKET MOVEMENT BASED UPON US YIELD WHEN WE'RE SITTING HERE IN THE MIDDLE OF JULY WITH PRETTY MUCH MORE STOCKS AVAILABLE FOR SALE FROM THE U.S. AND SOUTH AMERICA FARMER THAN WE'VE EVER HAD BEFORE. THAT IS JUST PURE HEDGING PRESSURE ON ABOARD A TRAIN. SO ANY TIME WE GET CONCERNED WITH THESE YIELDS SURE WE'VE RAISED THE PRICES. BUT THERE'S A LIQUID SELLER RIGHT THERE EVERY SINGLE TIME. AND FOR NOW THAT'S KEEPING A LID ON THINGS. IF MATT IS TALKING ABOUT YIELD PROBLEMS IN ILLINOIS AND THAT TRANSLATES INTO IOWA AND THE U.S. FARMER, INTERNATIONAL FARMER WANTS TO GET BULLED UP AND STOP SELLING, SIR. THERE'S THERE'S NO PROBLEM AT ALL WITH US MOVING HIGHER WHERE WE ARE TODAY. ALL RIGHT REAL QUICK BEFORE WE GO TO BREAK WE HAVE A LOT MORE MARKETING DISCUSSION THAT'S GOING TO HAPPEN AROUND I WANT TO GET EACH OF YOUR DEAL YOUR NATIONAL YOU'LL KNOW WE'RE TALKING ABOUT A LOT BUT AT THIS POINT WHAT ARE YOU GOING WITH. I'M GOING TO SAY JUST RIGHT NOW SAY 166 TO 167 JUST BECAUSE THERE'S TOO MANY VARIABLES YET TO BE ANY MORE AGGRESSIVELY LOWER THAN THAT. I JUST WENT DOWN TO 164 ONE HERE JUST ABOUT AN HOUR AGO JUST BECAUSE I KEEP GETTING GROPED. SO THAT'S WHAT I TAKE MAKING EVERY YEAR FOR ALMOST A 162 AND. THAT LOW. YES THAT LOW. ALL RIGHT WELL IF WE DO HAVE A 160 TWO AND A HALF YEAR OLD KIND OF WHAT DOES THAT DO TO PRICE. WHAT PRICE ACTION CAN WE HAVE MOVING ON THROUGHOUT THIS YEAR AND WHAT SHOULD YOU DO ABOUT NEW CROP SALES MOVING BEEN SO FOCUSED ON OLD CROP. WHAT SHOULD YOU DO ABOUT NEW CROP. WE'LL TALK ABOUT THAT WHEN WE COME BACK ON US FARM REPORT.

ROUNDTABLE 2
WELCOME BACK TO U.S. FARM REPORT. WE MENTIONED THE YIELD BEFORE WE GET TO BREAK. AND MATT YOU WERE AT ONE SIXTY TWO POINT FIVE. LET'S SAY WE DO HIT THAT. WHAT DO YOU THINK THAT DOES TO PRICES. YOU KNOW I THINK YOU'RE GOING TO HAVE A HARD TIME GETTING BELOW THAT IN AUGUST NO MATTER HOW BAD THE WEATHER IS BETWEEN NOW AND THE AUGUST REPORT. BUT IF WE DO PRINT A 162 I THINK THAT YOU YOU'RE STILL NOT GOING TO PROBABLY RALLY ABOUT 450 IN MY OPINION FOR A LOT OF THE REASONS THAT JAROD IS TALKING ABOUT. WE DO HAVE AMPLE STOCKS THERE'S NO QUESTION ABOUT THAT. I THINK ON FARTHER DOWN THE ROAD I ALSO AGREE WITH HIM. I THINK PLANTED ACRES IS GOING TO COME DOWN I THINK HARVESTED ACRES IS GOING TO COME DOWN LONG TERM. SO I THINK THAT YOU'RE GOING TO STILL HAVE A FAIR AMOUNT OF SUPPORT I DON'T THINK WE'RE GOING TO SKYROCKET. SO EVEN WITH THAT BIG OF A YIELD DROP HE'S JUST TALKING 450. CONSIDERING THAT THIS STOCK SCENARIO SO WHAT'S YOUR ADVICE TO PRODUCERS RIGHT NOW NOT ONLY ON OLD CROP BUT NEW CROP. WHEN WE WHEN WE HAVE A FORWARD FROM CORN. WELL KEEP IN CONSIDERATION WHAT WE'RE TALKING ABOUT THE HEDGING PRESSURE ACROSS THE WORLD. BUT LOOK AT THE U.S. BALANCE SHEET AND JUST A QUICK PICTURE YOU KNOW WE'VE BEEN TALKING ABOUT TOO HIGH OF FEEDING RESIDUAL NUMBERS SINCE LAST AUGUST SINCE THE CROP TOUR EARLY. AND NOW YOU'RE SEEING THE PLAY OUT OF 17 18 CORN EXPORTS START TO SLIDE LOWER AS MUCH AS MAYBE FOUR OR FIVE HUNDRED MILLION BUSHEL LESS THAN LAST YEAR. SO YOU PUT THAT ALL IN PLAY. YOU KNOW I SEE WHERE NAOMI'S NUMBERS ARE COMING FROM BUT I HAVE A HARD TIME SEEING THIS GETTING BELOW 2 BILLION BUSHEL CARRY OUT WITH WHAT WE KNOW RIGHT HERE TODAY. AND WITH THAT BEING SAID I THINK AROUND $4 CASH CORN FOR MAJORITY OF THE HEART OF THE CORN BELT NOT JUST HARVEST DELIVERY BUT SPRING AND SUMMER OF 18. THAT'S A PRETTY GOOD CASH FLOW EVEN IF WE GOT MAYBE A 5 PERCENT DING IN YIELD ACROSS MOST STATES SO RIGHT NOW THE EYE ON THE PRIZE IS LOOKING AT MORE REVENUE THAN WE'RE SPENDING. I THINK THE MARKET'S GIVEN US SOME OF THOSE OPPORTUNITIES SO HAVE THOSE FIRM ORDERS IN RIGHT NOW. KEEP IT SIMPLE. BUT SOME OF THE PRODUCERS I'VE TALKED TO SAY THESE PRICES AREN'T CUTTING IT RIGHT NOW. SO WHAT ADVICE DO YOU HAVE FOR THOSE PRODUCERS NAOMI?? FOR THE PEOPLE WHO ARE WONDERING WHAT TO DO WITH OLD AND NEW CROP, UNFORTUNATELY FOR THE OLD CROP IT'S NOT GOING TO GET MUCH BETTER. JUST BECAUSE THESE GUYS ARE SAYING THERE'S TOO MUCH OUT THERE. SO YOU'RE GOING TO HAVE TO GET TO THE POINT WHERE YOU SELL IT BUT DO BE WILLING TO REOPEN IT. AND I WOULD EVEN START LOOKING OUT TO REOWNING IT OUT TO JULY OF NEXT YEAR. AND THE REASON IS BECAUSE WITH THE REDUCED ACRES THAT YOU HAVE FOR THE WHEAT IN THE DAKOTAS YOU'RE GOING TO HAVE A FIGHT FOR ACRES ON YOUR HAND IN THE DAKOTAS WHERE THERE ARE GOING TO BE TEMPTED TO BE PLANTING WHEAT AGAIN. THAT'S GOING TO BE LESS CORN THAT'S GOING TO BE LESS SOYBEANS AND THAT'S GOING TO PLAY OUT INTO THE JANUARY TIME FRAME. AND SO WHEN THE USDA FINALLY COMES UP WITH ALL THE TRUTH OF THE NUMBERS IT'S IN THAT JANUARY REPORT AND THEN YOU'RE GOING TO SEE THE FIGHT FOR ACRES HAPPEN AND THE WORLD IS IN A SITUATION WHERE ENDING STOCKS ARE TRENDING LOWER. AND IF WE HAVE A BAD SITUATION WITH THE SOUTH AMERICAN CROP THIS WINTER. THIS ISN'T DONE YET. THIS IS A BUILDING BASE FOR A LONGER TERM PRICE LEVEL. SO DO REOWN ANYTHING THAT YOU PRICE. WHAT WHAT'S YOUR ADVICE FOR SOYBEANS. I MEAN WE KNOW LOOK AT LAST YEAR FOR EXPERIENCE. AUGUST GOT SOME KEY RAINS. WE HAD SOME PHENOMENAL SOYBEAN YIELDS OF COURSE OUT THERE. SO WHAT'S YOUR ADVICE FOR PRODUCERS RIGHT NOW WE'RE NOT AT ALL THIS TIME FRAME JUST YET. IT'S REALLY TOUGH FOR A PRODUCER WHO IS IN THAT NORTHERN INDIANA NORTHERN OHIO AREA BECAUSE WHAT WHAT ARE YOU GOING TO HAVE TO SELL. I MEAN OBVIOUSLY I THINK THAT THE CROP IS HURT IN SOME OF THESE PLACES. WHAT'S MY ADVICE. IT'S STILL EARLY. I MEAN IT'S YOU KNOW SOYBEANS ARE AN AUGUST CROP. WE DON'T REALLY KNOW A WHOLE LOT ABOUT YIELD UNTIL THEN. WE KNOW IT'S BEEN HURT TO AN EXTENT. AND IF YOU DO HAVE A HOT AND DRY AUGUST BAR THE DOOR ON THIS BEING MARKET YOU COULD BE SEEING SOME REAL FIREWORKS HAPPEN BECAUSE THE BOTTOM LINE WE ALL KNOW DEMAND IS QUITE PHENOMENAL WITH SOYBEANS IT'S REALLY HARD TO OUT GUESS THE SOYBEAN MARKET THOUGH. SO MY ADVICE TO A PRODUCER WOULD BE LOCK IN PROFITABLE SITUATIONS AND NOT TRY TO HIT THE HIGH BECAUSE YOU'RE NOT GOING TO HIT THE HIGH. LIKE FIREWORKS $12 FIREWORKS NO. 11.80. HEY IF YOU PLUG IN 45 46 BUSHEL SOYBEAN YIELD AND YOU WANT TO TAKE US EXPORTS FOR 17 18 TO 2.2 BILLION BUSHEL. 45 CAN GET A LOT OF PEOPLE EXCITED AND I THINK WE CAN ONLY RAISED FORTY FIVE TWO OR THREE TIMES. NAOMI I KNOW YOU WANT TO. ABSOLUTELY BECAUSE IF YOU'RE AGAIN LOOKING AT THE MATH, OUT OF THE PAST 10 YEARS THERE HAVE BEEN FOUR YEARS WHERE WE'VE BEEN IN SIMILAR SITUATION AND IT'S EITHER A TREND LINE OR IT'S THREE BUSHELS BELOW TREND LINE. FORTY FIVE BUSHELS TO THE ACRE COMES OUT AT ONE HUNDRED NINETY MILLION BUSHELS FOR ENDING STOCKS. THAT'S HALF OF WHAT WE HAVE AND THAT IS SOYBEAN RALLY. REAL QUICK. WHEN WE LOOK AT THESE CATTLE MARKETS RIGHT NOW IT'S SO FRUSTRATING BECAUSE IT IS NOT JUST A SUPPLY AND DEMAND STORY. WHEN WE LOOK AT THE FUNDS AND DIFFERENT THINGS. WHAT'S YOUR ADVICE FOR CATTLE PRODUCERS TODAY TRYING TO WATCH THESE MARKETS. GOOD LUCK. ABOUT THAT AWFUL VOLATILE MARKET. WE'RE COMING OFF OF A RECORD HIGH AND OPEN INTEREST. I'M GOING TO TAKE TO SAFE ROUTE HERE AND JUST CONTINUE IN THESE VOLATILE TIMES AS WE'RE TRYING TO DIG OURSELVES OUT OF SOME TOUGH AG ECONOMY HERE HIT THE BASICS. TAKE THE SINGLES TAKE THE DOUBLES. NO MORE OF THESE YOU KNOW BUYING OVERPRICED REPLACEMENTS AND HOPING TO GOD YOU GET FEEDER VALUES TO THE POINT THAT YOU CAN MAKE SOME MONEY. REAL QUICK. DAIRY PRICES HURT FOR DAIRY PRODUCERS HERE. NOT HAPPY I MEAN WE'VE SEEN THESE PRESSURE PRICES FOR A FEW YEARS NOW. ANY LIGHT IN THAT TUNNEL WE'LL EXPORT DEMAND IS STILL STRONG WE'VE GOT DEMAND THAT'S HANGING IN THERE AND THAT'S KEEP IN THE MARKET SUPPORTED OUTLOOK RIGHT NOW. FOR MORE OF A SIDEWAYS TRADING PATTERN WHICH HAS BEEN THE NORM BETWEEN 16 TO 17 HOURS FOR A WHILE NOW BECAUSE PRODUCTION WE HAVE THE PRODUCTION REPORT CAME OUT TODAY. IT'S UP 1.7 PERCENT. SO MILK IS NOT A PROBLEM IS DEMAND IS GOOD. SO THAT SHOULD KEEP THE MARKET SUPPORTED BUT SIDEWAYS. ALL RIGHT. THANK YOU. WHEN WE COME BACK WE'LL GET OUR CLOSING THOUGHTS. DON'T GO ANYWHERE.

MARKETS NOW
ALL RIGHT TIME NOW FOR CLOSING THOUGHTS MATT. I THINK THAT A PRODUCER NEEDS TO KEEP THEIR EMOTIONS IN CHECK WHENEVER WE'VE GOT THESE VOLATILE MARKETS. LET'S LOOK AT THIS FROM A BUSINESS BASE PERSPECTIVE AND JUST SIMPLY LOCK IN SOME PROFITABILITY AND TRY TO GET CUTE WITH THE MARKET. JAROD. BRUSHOFF THE INSURANCE POLICY AGAIN MAKE SURE YOU KNOW HOW YOUR REVENUE FLOW WORKS. LOCK AND PROFITABLE PRICES INCLUDING YOUR CROP INSURANCE. AND DEFINITELY KEEP YOUR EYES OPEN ON 2018 MOVING FORWARD. OUTLOOK IT'S PRETTY PROSPEROUS. NAOMI YEAH BE READY FOR ANY SCENARIO TO UNFOLD. OBVIOUSLY THE OUTLOOK RIGHT NOW IS MORE FOR A FRIENDLIER OUTLOOK. WITH PRICES BEING ABLE TO RALLY. BUT WE KNOW HOW IT WORKS. ANY REPORT CAN COME ALONG OR ANY BLACK SWAN COULD COME ALONG SO BE READY FOR THE SHOE TO DROP JUST IN CASE. BUT OTHERWISE THERE'S OPPORTUNITIES THAT ARE GOING TO BE COMING INTO 2018. ALL RIGHT. THANK YOU ALL WE APPRECIATE IT. STAY WITH US. JOHN PHIPPS JOINS US NEXT.


JOHN’S WORLD
WELCOME BACK. AS A LANDOWNER, JOHN'S FOCUSED  ON PROPERTY RIGHTS IN THIS WEEK'S JOHN'S WORLD.  FARMERS IN IOWA ARE FIGHTING A LEGAL BATTLE TO PREVENT THE  NOTORIOUS DAKOTA ACCESS PIPELINE FROM CROSSING THEIR LAND.  WHILE THE EMINENT DOMAIN ISSUE HAS BEEN A PERENNIAL SUBJECT OF  CONTROVERSY, THE LATEST SKIRMISHES SHOULD CONCERN LANDOWNERS. A FEW YEARS AGO THE SUPREME COURT OF THE UNITED STATES RULED 5  TO 4 IN THEIR FAMOUS KELO RULING THAT THE STATE COULD EXPROPRIATE  LAND NOT JUST FOR PUBLIC USE, BUT FOR USE THAT BENEFITS THE PUBLIC,  SUCH AS ECONOMIC BENEFITS. THIS MEANS THAT USING EMINENT  DOMAIN FOR A NEW FACTORY SITE IS JUST AS LEGAL AS FOR A PUBLIC PARK.  THIS RULING PROMPTED MANY STATES TO TIGHTEN UP THEIR OWN RULES ABOUT TAKING LAND. UNDER OUR FEDERAL SYSTEM STATES CAN AND I  THINK SHOULD HAVE STRICTER INTERPRETATIONS OF PUBLIC USE. IOWA IS IN THE MIDDLE OF A COURT CASE WHICH WILL TEST THEIR POSITION  ON PROPERTY RIGHTS. ALL SUCH CASES HINGE ON WHAT PUBLIC USE  MEANS, BUT IN THE CASE OF THE PIPELINE, I BELIEVE IT HAS BEEN  STRETCHED TOO FAR. THE PIPELINE IS NOT PUBLICALLY OWNED OR  REGULATED AND THE PROFITS FROM IT DO NOT GO TO THE STATE. WHAT THE  KELO PRECEDENT BEGAN IS THE IDEA THAT THE STATE CAN TAKE YOUR  PROPERTY IF THEY THINK SOMEONE ELSE COULD USE IT MORE PROFITABLY.  WHEN THE IOWA CONSTITUTION WAS DRAWN IN 1857, DELEGATES  SPECIFICALLY VOTED AGAINST THIS PRINCIPLE. THE CONCEPT OF PUBLIC USE SHOULD NOT BE CONFUSED WITH THE  PUBLIC ECONOMY. IT IS NOT UNTHINKABLE THAT FURTHER EXPANSION OF  THIS PUBLIC BENEFIT PRINCIPLE COULD EXTEND TO MANY OTHER TYPES OF  DEVELOPMENT THAT PROMISE JOBS OR TAX REVENUES. IT'S NOT JUST THAT  SUCH PROMISES ARE SELDOM AS LUCRATIVE AS ADVERTISED. THE  GREATER GOOD IS THAT EVEN WHEN INCONVENIENT, PROPERTY RIGHTS ARE  SO CRUCIAL TO THE BASIS FOR ALL OUR LAWS AND REGULATIONS THAT EVEN  SMALL, SEEMINGLY BENEFICIAL ENCROACHMENTS SHOULD BE RESISTED  VIGOROUSLY.

TEASE
THANKS, JOHN. STILL TO COME, TOUGH TO CONTROL  WEEDS IS CHANGING THE WAY PRODUCERS FARM. BUT  USING DICAMBA IN SEASON IS CREATING QUITE THE  DEBATE. SO, WHAT'S THE DEAL WITH DICAMBA? THAT'S  OUR FARM JOURNAL REPORT AFTER THE BREAK.

HEADLINES
FROM THE STUDIOS OF FARM JOURNAL BROADCAST,  THIS IS U.S. FARM REPORT.  WELCOME BACK TO THIS SPECIAL EDITION OF U-S FARM  REPORT. WE HAVE MUCH MORE AHEAD.  IT'S THE DICAMBA DEBATE THAT HAS FARMERS ON  BOTH SIDES.  HE'S A WISCONSIN STEWARD WHO CARES JUST AS  MUCH FOR THE LAND AND ENVIRONMENT, THAN HE  DOES HIS ANIMALS. WE'RE IN THE LAND OF CHEESE FOR  OUR REAL FACES OF DAIRY.  AND A TOUGH QUESTION ABOUT CROP FAILURE IN  CUSTOMER SUPPORT. 

NAFTA RENEGOTIATIONS
NOW FOR THE HEADLINES, WE'RE LESS THAN A MONTH  AWAY FROM WHEN OFFICIALS WILL KICK OFF NAFTA  RENEGOTIATIONS. BUT THE TRUMP ADMINSTRATION  ALREADY MAKING THEIR PRIORTIIES CLEAR.  OFFICIALS FROM THE U-S, CANADA AND MEXICO SET TO  MEET IN WASHINGTON D.C. STARTING AUGUST 16TH.  WHILE SHORT ON SPECIFICS, THE TRUMP  ADMINISTRATION SAYS IT'S SETTING A MAJOR  OBJECTIVE TO REDUCE THE TRADE DEFICIT. THE U-S TRADE REPS OFFICE SAYS SINCE THE ON-SET  OF THE TRADE PACT IN 1994, THE TRADE BALANCE WITH  MEXICO HAS GONE FROM A ONE POINT THREE BILLION  DOLLAR SURPLUS TO A 64-BILLION DOLLAR DEFICIT. .IMPORTANT AMONG THE KEY OBJECTIVES IS  AGRICULTURE. AND HOT ON THAT LIST, IS CANADIAN  MILK. AS WE'VE BEEN REPORTING, THE TRUMP  ADMINISTRATION IS NOT FOND OF CANADA'S SUPPLY  MANAGEMENT OF DAIRY, POULTRY AND EGG SECTORS. AHEAD OF THOSE TALKS, U -S DAIRY GROUPS ARE  RATCHETING UP PRESSURE ON CANADA, DEMANDING  CERTAIN CONCESSIONS THAT THE CANADIAN  GOVERMENT INCLUDING ADDRESSING CANADA'S  SUPPLY MANAGEMENT AND TARIFFS TO KEEP U-S  PRODUCTS OUT. 

CANADA’S WILDFIRES
THE WILDFIRES ACROSS CANADA'S BRITISH COLUMBIA  ARE THREATENING TIMBER SUPPLIES. LUMBER PRICES  HAVE SURGED. AND MARKET TRADERS HAVE TAKEN  NOTICE. LUMBER FUTURES REACHED TWO MONTH HIGHS  MONDAY ON THE CHICAGO MERCANTILE EXCHANGE. ACCORDING TO BLOOMBERG NEWS.... LUMBER FUTURES  FOR SEPTEMBER DELIVERY ROSE BY THE 10-DOLLAR  TRADING LIMIT TO ABOUT 387-DOLLARS PER 1,000  BOARD FEET. THAT'S THE HIGHEST PRICE FOR A MOST- ACTIVE CONTRACT SINCE MAY 9.  . AND HOMEBUILDERS IN THE U-S MAY FEEL THE HEAT AS  THE U-S IS CANADA'S BIGGEST IMPORT MARKET FOR  SOFTWOOD LUMBER. IT'S ABOUT FIVE BILLION DOLLARS ANNUALLY IN VALUE.

WEATHER
THAT'S IT FOR NEWS...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH LONGER-RANGE  WEATHER. MIKE, DO YOU SEE ANY MAJOR CHANGES IN OUR WEATHER PATTERN? YEAH THAT'S RIGHT TYNE THAT AREA UNFORTUNATELY HAS SEEN ALL THESE THUNDERSTORM COMPLEXES DEVELOP EAST OF THEM AND MOVE INTO THE GREAT LAKES. AND SO WE'RE SEEING OUR FIRST EXCEPTIONAL DROUGHT AREAS NOW DEVELOPING OVER THE NORTHERN PLAINS IN EASTERN MONTANA. YOU GO BACK A MONTH AND YOU CAN SEE IT WAS ALREADY GETTING PRETTY BAD SO IT'S BEEN A WHILE OR POCKETS FARTHER EAST BUT THESE HAVE BEEN GOING AWAY OVER TIME. YOU CAN SEE AS WE MOVE THROUGH THE LAST FOUR WEEKS THINGS HAVE BEEN GETTING BETTER IN THE EASTERN THIRD OF THE COUNTRY OVERALL BUT SO FAR NORTHERN PLAINS AND A FEW SPOTS DOWN IN OKLAHOMA AND TEXAS THAT ARE A CONCERN AS WELL. SO LET'S GO DAY BY DAY. CHECK OUT OUR FORECAST. YOU CAN SEE AS WE START MONDAY A STORM SYSTEM IN THE NORTHEAST. COLD FRONT DOWN ALONG THE MID-ATLANTIC COAST AND INTO THE SOUTHEAST AS WELL WITH SOME SCATTERED SHOWERS AND THUNDERSTORMS. COOLER DRIER AIR COMING INTO MOST OF THE GREAT LAKES AND THE NORTHEAST BEHIND THIS SYSTEM OF COURSE YOUR TYPICAL AFTERNOON VARIETY MONSOON MOISTURE OF THE SOUTHWEST SEEING THOSE SCATTERED SHOWERS AND THUNDERSTORMS DEVELOPING. YOU'LL NOTICE EVERY FRONT THAT TRIES TO COME INTO THE NORTHWEST DOESN'T MAKE IT VERY FAR. IT DOES START TO DIVE INTO NORTHERN NORTHERN PLAINS ON WEDNESDAY WITH SOME SPOTTY SHOWERS AND THUNDERSTORMS STATIONARY FRONT IN THE SOUTHEAST SAME IDEA. AND OF COURSE THE AFTERNOON STUFF IN THE SOUTHWEST GOING ON TO FRIDAY THEN THAT NEXT SYSTEM DIVING INTO NEW ENGLAND AGAIN. COLD FRONT DOWN INTO THE TENNESSEE VALLEY WITH SCATTERED SHOWERS AND THUNDERSTORMS AND SOME COOLER AIR ONCE AGAIN COMES INTO THE GREAT LAKES. SCATTERED SHOWERS IN THE FAR NORTHERN AREA PARTS OF MONTANA AND THE DAKOTAS. AND OF COURSE IN THE SOUTHWEST WE'LL CHECK YOUR LONGER RANGE FORECAST IN OUR NEXT HALF HOUR

FARM JOURNAL REPORT
THANKS, MIKE. FINDING NEW WAYS TO COMBAT GLYPHOSATE  RESITANT WEEDS HAS BECOME A WAY OF LIFE FOR  SOME FARMERS. THIS YEAR, THOSE FARMERS WERE  APPROVED TO USE ANOTHER TOOL-- NEW  FORMULATIONS OF DICAMBA OVER TEH TOP OF SOYBEANS.IT'S THAT  MOVE THAT HAS SOME FARMERS FRUSTRATED, WHILE  OTHERS ARE SINGING THE PRODUCT'S PRAISE. AND  THAT'S THIS WEEK'S FARM JOURNAL REPORT.  <THESE BEANS ARE DEFINTIELY STARTING TO RFLOWER. > STROLLING THROUGH SHIN HIGH SOYBEANS... ILLINOIS FARMER ED VITKO HAS A REFRESHING VIEW.  <WE SPRAYED APPROXIMATELY 1200 ACRES OF SOYEBASN WITH  DICAMBA> AND HE SAYS THOSE 1200 ACRES ARE THE CLEANEST  HE'S SEEN IN YEARS.  <I'M, VERY ESTACTIC WITH THE WEED CONTROL IV'E GOTTEN> VITKO SPRAYED BASF'S NEW DICAMBA FORMULATION  CALLED ENGENIA.  <I HAD ZERO ISSUES WITH DICAMAB INJURY, ZERO. >> <IT WASN'T DIFFICULT AT ALL. AND THE KEY IS FOLLOW THE LABEL> BUT 100 MILES SOUTH, JEREMY WOLF HAS A DIFFERENT  VIEW. HE STARTED SEEING INJURY FROM DICAMBA  SHOWING UP IN EARLY JUNE.  <WE WERE THE ONLY ONES SPRAYING BEANS THAT DAY, THEY  HAD A LOAD OF DICAMBA WENT OUT EARLIER THAT DAY, MULTIPLE LOADS  BETWEEN US BUT WE STILL GOT IT> THE VERDICT? TANK CONTAMINATION.  <IT WAS CONSISTENT ACROSS ALL THE FIELDS THAT WE SPRAYED, SO IT WAS  PRETTY CLEAR> AND WOLF SAYS FROM EARLY JUNE THROUGH MID-JULY,  THE ISSUE ONLY HEATED UP.  <AND THIS LAST FRIDAY WHICH WOULD HAVE MARKED 10 DAYS, WE  WERE IN SPRAYING FOR JAPNESE BEETLE AND WE NOTICED THE CUPPING  IN THE FIELD> IT'S POSSIBLE DAMAGE FROM DICAMBA SHOWING UP IN  FIELDS ACROSS ILLINOIS.   < BUT THIS IS SOMETHING THAT'S NOT NEW FOR US IN ILLINOIS. WE'VE ACTUALLY SEEN DICAMBA SYMPTOMS VIRUTALLY EVERY YEAR WE'VE  USED THIS PRODUCT INT EH STATE WHICH IS NOW CLSOE TO 50 YEARS. > WEED SPECIALIST AARON HAGAR SAYS HE'S HAD MORE  CALLS AND QUESTIONS ABOUT DICAMBA IN THE LAST 30  DAYS, THAN EVER BEFORE.  <I THINK THERE'S JUST A LOT OF GENREAL IGNORANCE ABOUT DICAMBA.  NOT A LOT OF PEOPLE THAT ARE USING IT NOW HAVE USED THIS PRODUCT  FOR MANY MANY YEARS> <A LOT OF PEOPLE ARE LOOKING FOR IT BECAUSE THEY'VE NEVER LOOKED  FOR IT BEFORE> FERRIE SAYS SOME SOYBEAN LEAVES ARE CURLING  THIS YEAR DUE TO WEATHER STRESS, NOT DICAMBA.   BUT WHEN IT'S INJURY FROM DICAMBA, IT CAN SHOW UP  ANYWHERE FROM 7 TO 21 DAYS AFTER EXPOSURE,  SINCE IT'S ONLY REVEALED IN NEW LEAVES.  <SO IF YOU DO THE MATH RIGHT NOW IF WE'RE STANDING HERE ABTOU THE  MIDDLE OF JULY, IF WE'RE GOINGOT WRAP U IN 10 DAYS, IF IT TAKE S14 TO  21 DAYS, YOU'RE PROBABLY LOKING AT EARLY OR MID PART OF AUGUST  BEFORE YOU REALLY HAVE A GOOD IDEA STATEWIDE OF HOW EXTENSIVE  THIS PROBLEM IS GOING TO BE> HE SAYS THERE'S MULTIPLE REASONS BEHIND THE  DAMAGE THIS YEAR.  <WE ARE SEEING THINGS THAT ARE PROBABLY ECCOMPASSING VIRUTALLY  ALL OFF TARGET FACTORS, THOSE WOULD INCLUDE PHYSICAL DRIFT, THOSE  WOULD INCLUDE MOVEMENT BY VAPORS WHETHER IT BE THROUGH  VOLATILLITY, IT COULD OCCUR AND BE MOVIGN THROUGH THE PROCESS OF  INVERSION CONDITIONSIT'S NOT JUST MOTHER NATURE... ANOTHER CULPRIT  ...FARMERS USING OLDER FORMULATIONS OF DICAMBA.  7<WE'VE HAD A LOT OF INSTANCES SO FAR WHERE A LOT OF THE  INVESTIGATIONS CLEARLY  PIONT TO MOVEMENT FROM A DICAMBA  PRODUCT APPLIED IN CORN> BUT HAGAR SAYS EVEN THE NEW DICAMBA PRODUCTS  AREN'T ACCIDENT PROOF.  <. BUT LOW VOLATILITY AND NO VOLATILITY ARE DISTINCTLY DIFFERENT AND  WHEN YOU HAVE PRODUCTS THAT ARE LOW VOLATILITY AND YOU COUPLE  THAT WITH EXTRMEEY SENSITIVE SPECIES LIKE SOYBEANS, IT'S NOT A MATTER OF IF YOU'RE GOING TO SEE SYMPTOMS OF EXPOSURE, IT'S  TYPICALLY HOW EXTENSIVE AND WHAT THE MAGNITUDE IS GOING TO BE> AND THE EXTENT OF HTE DAMAGE  WON'T BE KNOWN  UNTIL HARVEST.  <YOU HAVE NO IDEA WHAT HTE DOSE OF EXPORE WAS, YOU AHVE NO  IDEA WHAT THE GROWTH STAGE WAS WHEN THAT EXPOSURE TOOK PLACE>  HOWEVER, IN FERRIE'S EXPERIENCE, DAMAGE IS  MINIMAL ON BEANS STILL IN THE VEGETATIVE STAGE.  <THERE'S A LOT OF FIELDS I'VE SEEN THAT IT WILL HAVE NO AFFECT ON,  OTHER THAN THE NERVES OF THE FARMER THAT SAW THE CUPPING>  <SO RIGHT NOW WER'E IN A FIELD OF XTEND SOYBEANS, AND YOU CAN  SEE TEHSE END ROWS, THEY DID NOT APPLY DICAMBA HERE BECAUSE  IT'S SO CLSOE TO THE GRASS. TEHY SAY THIS IS GLYPHOSATE RESITANT  WATER HEMP. AND THIS IS THE REASONT EHY NEED DICAMBA RIGHT NOW <MY FIELDS ARE A CLEAN AS THEY'VE EVER BEEN AND THE LAST COUPEL  YERS I COULD NOT SAY THAT, I HAD A LOT OF TROUBLE KILING WEEDS LAST  YEAR AND THE YEAR BEFORE > <WHEN I LOOK AT THIESE FIELDS AND THE PRODUCTS, THERE'S PROBABLY  ONLY TWO THAT CAN BRINGDOWN SOME OF THESE FOOT TALL WATER HEMP  AND MARESTAIL. AND OUR DICAMBA MIXED WITH GLYPHOSATE IS ONE OF  THEM THAT'S DOIGN IT> WITH THE NUMBER OF DICAMBA DAMAGE COMPLAITNS  ON THE RISE, COMPANIES LIKE MONSANTO AND BASF  ARE TAKING NOTE.  <SO WE'RE LOOKING AT DRIFT AGENTS, NOZZLES AND CLEAN OUT  PROCEDURES FOR GROWERS. WE'RE GOING TO BE WORKIGN WITH STATES TO  MAKE SURE THE OFF LABEL PRODUCTS AREN'T USED AND THAT'S GOIGN TO  BE KEY, AND THEN WE'RE GOING TO WORK WITH GROWERS TO HELP THEM  BE MORE AWARE OF TEMPERATURE CONDITIOSN AND AVERSION. SO, SO  LOTS TO DO BUT I'M ABOSLUTELY CONVINVED THESE ARE GOIGN TO BE  GREAT TOOLS THAT ARE IMPORTANT TO FARMERS> B-A-S-F SAYS THEY'RE AWARE OF ISSUES IN THE FIELD,  ALREADY DEPLOYING MORE THAN 400 FIELD REPS TO  ANSWER QUESTIONS AND CONCERNS. THEY'RE ALSO  PUTTING MONEY BEHIND GETTING THE RIGHT TOOLS IN  FARMERS HANDS. <ONE OF HTE KEY INGREDIENTS OF THAT GODO EXPERIENCE FROM A  PROPER APPLCIATION STANDPOINT, IS UTILIZE THE RIGHT NOZZLE. AND SO  WHAT BASF IS DONE WE'VE INVETSTED HEAVILY AND HAVE DISTRIBUTED  THOSE NOZZLES TO OUR CUSTOMERS, OVER 600,000 NOZZLES TO DATE,  BASF HAS PURCHASED AND GIVEN TO OUR CUSTOMERS.  WHILE USING THE CORRECT NOZZLES WILL HELP WITH  ON TARGET APPLICATION, HAGAR STILL FORSEES  POSSIBLE ISSUES IN THE FUTURE. .  <DICAMBA IS DICAMBA. WE CAN CHANGE THE SALTS WE CAN CHANGE  THE ADDITIVES TO IT, BUT DCAMBA IS STILL DICAMBA AND YOU CANNOT  FORMULATE AROUDN THE FACT THAT SOYBEANS ARE EXTREMELY SENSTIVE.  AND IT'S NOT JUST SOYBEANS, TEHRE'S A LOT OF OTHER SPECIES THAT CAN  BE VERY SENSTIVE TO VERY LOW DOESES OF DICAMBA > AND  IT'S THAT UNDERLYHING ISSUE CHALLENGING  WHETHER BOTH DICAMBA TOLERANT AND NON DICAMBA  TOLERANT TECHNOLOGIES CAN CO EXIST?  BOTH BASF AND MONSANTO HAVE BOOTS ON THE  GROUND, WORKING TO FIND SOLUTIONS FOR NEXT. AND  WHILE WOLF IS FRUSTRATED WITH DRIFT TODAY, HE  DOESN'T WANT TO SEE THE WEED- FIGHTING TOOL GO  AWAY.  <MY FRUSTRATION TODAY IS COMPANIES ARE NOT SPEAKING THE TRUTH, IT  SEEMS TO BE MORE OF COVER UP BRUSH IT UNDRE THE RUG, BUT WE'RE  NOT TALKING ABOUT THE ISSUES THAT ARE REALLYHAPPENING. THESE ARE  HAPPENIGN, THEYR'E REAL, WE NEED THIS TECHNOLOGY GOING FORWARD,  SO LET'S ADDRESS THE ISUES HEAD ON AND FIGURTE OUT WHAT WE NEED  TO DO. WHAT'S CAUSING THESE PROBLEMS?> AND WHILE THE ANSWER TO THAT QUESTION ISN'T  CLEAR CUT, FARMERS LIKE VITKO HOPE THE PRODUCTS'  GOOD OUTWEIGH THE BAD, MAKING DICAMBA A VIABLE  OPTION FOR YEARS TO COME.   BOTH FERRIE AND HAGAR SAY FOLOW THE LABEL, AS  THIS IS A TWO YEAR CONDITIONAL LICENSE, SO IF  THERE ARE TOO MANY ISSUES IN THE FIELD, EPA MAY  NOT REGISTER THE PRODUCT.  BUT WHEN I ASKED FERRIE HOW THIS COMPARES TO  THE ROLLOUT OF ROUNDUP, HE TOLD ME IT WAS MUCH  WORSE IN THE 90S, WITH SEVERAL FIELDS FRIED FROM  FARMERS FORGETTING WHERE THEY PLANTED THE  NEW TECHNOLOGY. UP NEXT, JOHN PHIPPS.  

CUSTOMER SUPPORT
IT'S A DIFFICULT YEAR FOR SOME FARMERS, WITH  CROPS FRIED FROM NOT ENOUGH RAIN. BUT THAT  COULD IMPACT THE BALANCE SHEET.. AND THAT'S  DRAWING SOME CRITICISM FROM VIEWERS.  KEITH LAROCHELLE HAS A CRITICISM FOR ROW-CROP FARMERS. "SUCH EXCITEMENT AND JOY IN THE ROW-CROP COMMUNITY AS OF LATE  ABOUT THE PROSPECTS FOR HOT AND DRY WEATHER IN THE WESTERN  CORNBELT, THAT IF IT MATERIALIZES, WILL HURT AND IN SOME CASES WIPE  OUT CROPS THEREBY LOWERING NATIONAL YIELDS AND DRIVING UP PRICES.  MY COMMENT ON THIS: IT'S SICK AND DISGUSTING! THAT WE GROW TOO  MUCH OF THESE COMMODITIES, WASTING ALL THOSE INPUTS, AND THEN  HOPING AND PRAYING FOR BAD WEATHER OR A NATURAL DISASTER, BUT ON  SOMEONE ELSE'S FIELDS OF COURSE, SO MY CROPS WILL BE WORTH MORE.  I'M SORRY BUT I DON'T HAVE MUCH RESPECT FOR ROW-CROP FARMERS  ANYMORE, AT LEAST ONES WITH THIS MINDSET! HOW DID WE GET TO THIS  PLACE IN THIS COUNTRY; AND I SUPPOSE OTHER COUNTRIES AS WELL THAT  ARE LARGE-SCALE PRODUCERS?" KEITH, THANKS FOR WRITING. LET ME BE AS PRECISE AS POSSIBLE. MY  SENSE IS ALL FARMERS SHARE TO SOME DEGREE THIS EMOTIONAL CROSS- CURRENT REGARDING CROP PROBLEMS. THE FIRST THING TO KEEP IN MIND  IS LIKE OTHER RANDOM CALAMITIES, WE ARE AWARE IT IS A MATTER OF  LUCK. AND THE OLDER YOU ARE THE MORE LIKELY YOU RECALL IT WAS A  TIME WHEN YOUR FIELDS WERE UNLUCKY. I DON'T THINK MANY OF US ARE  GLAD OF DROUGHT ELSEWHERE, BUT WE RECOGNIZE IT AS A BIG RISK WE  MUST ENDURE EQUALLY. ODDLY ENOUGH, THE EXISTENCE OF GOVERNMENT-SUBSIDIZED CROP  INSURANCE TENDS TO DAMPEN OUR EMPATHY. VIRTUALLY ALL FARMERS IN  THE NORTHERN PLAINS HAVE COVERAGE, SO THESE LOSSES ARE AT LEAST  PARTIALLY OFFSET. SAFETY NETS DIMINISH SYMPATHY - THINK ABOUT HOW  MANY PEOPLE THINK ABOUT THOSE ON WELFARE. REGARDLESS, WE HAVE NO WAY OF KNOWING AT THE BEGINNING OF THE  SEASON HOW MUCH SUPPLY AND DEMAND THERE WILL BE SO WE ALL  TAKE OUR BEST GUESS. IF IT SEEMS LIKE WE ARE REJOICING IN THE  MISFORTUNE OF OTHERS THAT MAY BE AN EXTREME INTERPRETATION OF  OUR RELIEF OF BEING ABLE TO SEE HIGHER RETURNS DURING A PERIOD OF  DECLINING NET FARM INCOME. THE COMPETITIVE NATURE OF CAPITALISM CAN SEEM UGLY AND SELF- CENTERED, ESPECIALLY IN COMMODITIES WHERE ALL OF US ARE  PRODUCING EXACTLY THE SAME PRODUCT. IT IS A BALANCING ACT TO  RECONCILE OUR ECONOMIC RULES OF ENGAGEMENT WITH OUR MORAL  BELIEFS. THOSE FARMERS WHO DO SO WITH HUMILITY AND COMPASSION  LIFT OUR WHOLE PROFESSION. VERY TRUE. THANKS, JOHN. AND IF YOU HAVE A  QUESTION OR COMMENT YOU CAN EMAIL JOHN AT  MAILBAG AT U-S FARM REPORT DOT COM. A WISCONSIN  DAIRYMAN WHO'S LIFE'S MISSION IS TO CARE FOR THE  LAND. IT'S REAL FACES OF DAIRY NEXT.

REAL FACES OF DAIRY
SOIL SEEMS LIKE A LONG WAY FROM THE MILK AISLE  BUT ONE WISCONSIN DAIRYMAN IS MAKING CARING FOR THE LAND A TOP PRIORITY FOR PRODUCING A TOP  PRODUCT AND IT'S TURNING INTO A PARTNERSHIP  BETWEEN RURAL AND URBAN WORKING TOGETHER.  BETSY JIBBEN INTRODUCES US TO WAUNAKEE,  WISCONSIN PRODUCER, JEFF ENDRES IN THIS MONTH'S  'REAL FACES OF DAIRY.'  FOR JEFF ENDRES,  THE RESPONSIBILITY OF A GOOD PRODUCER GOES  FURTHER THAN JUST WORKING WITH CATTLE.  IT STARTS IN THE SOIL.  <"WE ALWAYS NEED TO BE STRIVING AND DOING THINGS AND LOOKING FOR  NEW IDEAS HELPING WITH WATER QUALITY.">  HIS PERSPECTIVE RUNS IN THE FAMILY, PASSED DOWN  THROUGH THE GENERATIONS FROM JEFF'S  GRANDFATHER WHO MADE HIS OWN CONSERVATION  PLAN IN THE 1940S.  NOW THIS FOURTH GENERATION FARMER IS MAKING SURE THE LAND WILL SEE LONGEVITY FERTILE ON PAST  HIS DAUGHTER, SARAH.  <"IN ORDER FOR THAT TO HAPPEN, WE NEED TO BE GOOD STEWARDS OF  THE LAND, BE PROGRESSIVE WITH NEW TECHNOLOGIES,"> IT'S MORE THAN A THOUGHT BUT AN EFFORT.  <"I THINK YOU HAVE SO MUCH MORE TO GAIN BY BEING OUT IN FRONT.  AND BEING PROACTIVE AND LOOKING FOR THE NEW IDEAS ."> JEFF HAS TAKEN STEPS TO PRESERVE WATER QUALITY  AND GET OTHERS INVOLVED - SO REGULATIONS DON'T  REGULATE FARMERS OUT OF BUSINESS.  <" IF YOU REGULATE A FARMER, ,YOU TAKE AWAY A NUMBER OF OPTIONS  THAT WE MAY NEVER HAD EVEN THOUGHT OF BEFORE,"> HE FOUNDED A GROUP CALLED YAHARA PRIDE FARMS  IN 2011.  HE LIVES WITHIN THE YAHARA WATERSHED - A 540  SQUARE MILE WATER SHED NOW THREATNED BY  RUNOFF, URBAN STORMWATER AND WASTEWATER. UNLIKE THE RECENT BATTLE IN DES MOINES, IOWA  WHERE IT WAS A RURAL VERSUS URBAN BATTLE OVER  RUNOFF... <NATS OF CARS MOVING> THE CITY OF MADISON AND OTHER COMMUNITIES ARE  COLLABORATING WITH FARMER, ENVIRONMENTAL  SERVICES AND RESIDENTS TO MANAGE THE PROBLEM SHOWING RURAL AND URBAN INTERESTS CAN CO-EXIST.  <"I THINK THAT'S REALLY UNIQUE AND KEY FOR THIS TO BE SUCCESSFUL IN  THE FUTURE."> FARMERS LIKE CHUCK RIPP WITH RIPP'S DAIRY VALLEY  ALSO LIVES IN THE WATERSHED. HE JOINED THE  YAHARA PRIDE FARM'S EFFORT TOO.  <"THE DAIRY FARMERS HERE ARE AGGRESSIVE AND PROGRESSIVE SO WE'LL  MAKE THE MOVES TO OUR BEST INTEREST TO STAY PROFITABLE AND STAY  IN BUSINESS FOR GENERATIONS TO COME,"> IN ADDITION TO THE COLLABORATION, A PROJECT TO  REDUCE PHOSOPHORUS OVER A 20 YEAR PERIOD WAS  CREATED.  FINANCIAL CONTRIBUTIONS ARE GIVEN TO FARMERS  FOR STORMWATER RETENTION PONDS, HARVESTABLE  STREAM BUFFERS, STRIP TILLAGE, AND MANURE  INJECTION.  <"WE GOT A COUPLE OF PRACTICES THAT WE BROUGHT TO THE WATERSHED.  THE COUNTY AND OTHERS ARE SUPPORTING COST SHARE PROGRAMS FOR  FARMERS TO UPGRADE EQUIPMENT SO THEY CAN ACTUALLY DO THOSE  PRACTICES ON THE LAND,"> PARTICIPATING FARMERS DOCUMENT CONFIDENTIAL  DATA THE FARM 'S ENERGY USE, AND GREENHOUSE  GAS EMISSIONS MEASURING TO SEE WHAT THEY CAN  IMPROVE AND WHAT THEY'RE DOING WELL. <"IT TOOK TIME. WE WOULD GET 30 TO 40 PERCENT OF DATA FROM THEM  ON WHAT WAS HAPPENING OUT IN THE FIELDS. AND IN 2016, WE  FINISHED OUR PHOSPHORUS REPORT AND WE HAD 100 PERCENT  PARTICIPATION WITH THE FARMERS INVOLVED IN OUR PROGRAM,"> ON HIS OWN OPERATION, JEFF IS STOCK PILING AND  COMPOSTING LIQUID AND SOLID MANURE. IT'S A  SUSTAINABLE WAY TO MANAGE MANURE, CREATING A  PRODUCT THAT'S PERFECT FOR FARM FIELDS.  <"WE DO SEE A LITTLE BIT OF A YIELD BUMP WHERE WE'RE USING THE  COMPOST,"> AND IT'S NOT A RUNOFF RISK IF USED CORRECTLY.  <"NOW THAT IT'S A FORM OF COMPOST, I CAN STACK IT OUTSIDE AND IT'S  NO LONGER A THREAT FOR RUNOFF. IT ACTUALLY ABSORBS MOISTURE."> A PRIDE IN HIS FARM NOW REACHING BEYOND THE  BARN. REPORTING IN WAUNAKEE, WISCONSIN, I'M BETSY  JIBBEN JEFF ENCOURAGES FARMERS WHO WANT TO FOCUS  MORE ON ENVIRONMENTAL EFFORTS TO DO  SOMETHING AS SIMPLE AS SHARE PRACTICES THEY'RE  DOING WITH CUSTOMERS OR GET INVOLVED IN THEIR  LOCAL GOVERNMENT. . WHEN WE COME BACK, TRACTOR TALES.

TRACTOR TALES
TRACTOR TALES BROUGHT TO YOU BY THE MOST  TRUSTED NAME IN FARM EQUIPMENT, MACHINERY  PETE!. WELCOME BACK TO TRACTOR TALES FOLKS!  WE'VE GOT A CALIFORNIA  TRACTOR THAT HAS FOUND A HOME IN NORTHERN MISSOURI.  THIS 1959  D17 WORKED HARD IN THE COTTON FIELDS AND PECAN ORCHARDS FOR  MANY YEARS.  NOW THIS ALLIS-CHALMERS IS RETIRED AND LIVES THE LIFE  OF PARADES AND LOCAL DRIVES. THEY STARTED BUILDING WHAT THEY CALL THE BLACK BAR GRILL TRACTOR  WHICH STARTED ABOUT SOMEWHERE MID 1959 THROUGH MID 1960.  THIS TRACTOR COME FROM ORIGINALLY COME FROM CALIFORNIA. IT WAS  USED DOING A FARM THAT THEY RAISED COTTON AND PECANS. SO I  DOUBT THAT THEY USED THE HIGH CROP TRACTOR AROUND THE PECAN  TREES SO IT WAS PROBABLY USED IN THE COTTON FIELDS. THERE WAS  EVIDENCE THAT IT WAS USED FOR A CULTIVATOR TRACTOR WHEN I BOUGHT  IT. THERE WERE SOME CLAMPS THAT MADE A CULTIVATOR REAR  CULTIVATOR AND A FRONT CULTIVATOR THE FRONT CULTIVATOR HAD THE  SWEEP'S USED HYDRAULIC CYLINDERS CLAMPS ALONG THE FRAME THAT  WOULD HAVE HELD THE HYDRAULIC LINES UP OUT OF THE WAY SO ALLIS  CHALMERS BUILT WHAT THEY CALL A FARM CRANE ON THE BACK OF IT THAT  YOU'D USE FOR LIFT AND UP HEAVY THINGS RESTORED IT A FEW YEARS  AGO.  I TAKE IT QUITE A FEW SHOWS AND I GET QUITE A BIT OF INTEREST IN  IT BECAUSE YOU DON'T SEE MANY SET UP JUST LIKE THAT. THAT'S A  FACTORY ALLIS CHALMERS WEIGHT. NO THEY WEREN'T ON THE TRACTOR WHEN I BOUGHT IT. I'VE ADDED THEM  SANTS. THERE'S A LOT OF SOIL THAT A 17 WILL PULL A FOUR FOUR BOTTOM  PLOW. AND AROUND HERE IT'S A PRETTY GOOD TEST. WE'VE GOT SOME  PRETTY PRETTY ROUGH GROUND IN AND IT'S A THREE BOTTOM PLOW AROUND  HERE BUT YOU GET TO PULL IN A FOUR BAR AND PLOW OUT OF THE GROUND  AND THAT FRONT END GETS PRETTY LIGHT. SO THAT'S THAT'S WHERE THOSE  WHITES REALLY COME IN. I THINK THAT'S THE BIGGEST THING. FINDING  THEM AND THEN HUNTING FOR THE PARTS IT TAKES TO MAKE THEM GO  YOU KNOW WELL KEEP AROUND FOR A WHILE I'M SURE. 

COUNTRY CHURCH SALUTE
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE  ST.  JOHN THE BAPTIST CATHOLIC CHURCH, LOCATED IN  LANDECK, OHIO. THEY'RE CELEBRATING THEIR 150TH  ANNIVERSARY THIS YEAR.  THE CHURCH  TELLS US TODAY, THE ACTIVE PARISH IS  HOME FOR 239 FAMILIES.  OUR THANKS TO ANDREA RENNER FOR SHARING THEIR  STORY.  STAY WITH US - WE'LL HAVE FROM THE PHOTOS NEXT. 

FROM THE FARM
WELCOME BACK. WE'RE IN THE MIDDLE HAY SEASON, SO  THAT MEANS MANY OF YOU ARE BUSY PUTTIN GIN A  HARD'S DAY WORK RIGHT NOW.  JIM SCHAENDORF IS IN DORR MICHIGAN. HE AND HIS  SON WERE BUSY PUTTING UP HAY. HE SAYS ALFALFA  HAS BEEN GOOD TO EXCELLENT, AND HTEY'RE  CURRENTLY SPRAYING A THIRD CUTTING FOR  LEAFHOPPER.  AND AUSTIN WEAVER IS IN JASPER, MISSOURI, HE SAYS  THE CROPS ARE LOOKING PRETTY GOOD, BUT EVERYTHING WILL BE HARVESTED LATE DUE TO THE RAINS THEY HAD IN JUNE.  E.  ALSO, IF YOU'RE WANTING TO HELP FARMERS AND  RANCHERS WHO ARE STYILL TRYING TO RECOVER  FROM THE WILDFIRES THIS SPRING, YOU'RE RUNNING  OUT OF TIME. IT'S PART OF FARM JOURNAL'S MILLION  DOLLAR WILDFIRE RELIEF CHALLENGE, WHERE FARM  JOURNAL IS TEAMING UP WITH THE HOWARD G.  BUFFETT FOUNDATION. JUST GO TO WILFIRE RELIEF  FUND DOT ORG.  IF YOU HAVE A PICTURE OF VIDEO YOU'D LIKE TO SEND  IN, SEND THOSE TO MAILBAG-AT-U-S-FARM-REPORT-DOT- COM OR CHECK US OUT ON FACEBOOK AND TWITTER.

CLOSE
FROM ALL OF US AT U.S. FARM REPORT, I'M TYNE  MORGAN. THANK YOU FOR WATCHING U-S FARM  REPORT.  BE SURE TO JOIN US RIGHT HERE AGAIN NEXT  WEEK, AS WE WORK TO BUILD ON OUR TRADITION. HAVE  A GREAT WEEKEND, EVERYONE.  

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