USFR Weekly Recap - September 2-3, 2017

September 2, 2017 03:30 AM
 

TODAY ON U.S. FARM REPORT
SEPTEMBER 2-3, 2017


HEADLINES
WELCOME TO U.S. FARM REPORT THIS LABOR DAY  WEEKEND. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE  WORKING ON FOR YOU OVER THE NEXT 60 MINUTES. HURRICANE HARVEY RAVAGING THE SOUTH... WITH THE  IMPACT ON FARMERS AND RANCHERS STILL UNKOWN. FROM HISTORIC FLOODS TO DEVESTATIING DROUGHT,  SOUTH DAKOTA FARMERS FACED WITH A DIRE  SITUATION THIS YEAR.. <I CAN'T REMEMBER A YEAR LIKE THIS> AND CROP INSURANCE WON'T BE ENOUGH TO SAVE  PROSPECTS THIS YEAR.  USDA PAINTING A BRIGHTER OUTLOOK ON TEH FARM  ECONOMY THIS YEAR. BUT WHAT SECTOR IS BOOSTING  THE OVERALL PICTURE?  <WHAT WE DO KNOW NOW THAT WE DIDN'T KNOW THEN IS HOW MUCH  BETTER THE LIVESTOCK SECTOR IS> AND IN JOHN'S WORLD. FAKE NEWS. IT'S NOT HELPING. <U.S. FARM REPORT - BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING, CHEVY SILVERADO.>


HURRICANE HARVEY
NOW FOR THE MARKET REALTED NEWS, HURRICANE  HARVEY HAMMERING THE SOUTH THIS WEEK, WITH  NEARLY 50 INCHES OF RAIN FALLING IN THE HEART OF  THE HURRICANE AROUND HOUSTON. THE HURRICANE  CLAIMING LIVES, DESTROYING INFRASTRUCTURE, AND  WILL LIKELY HAVE DEVASTATING AFFECTS ON FARMERS  AND RANCHERS.  TEXAS AND LOUISIANA PRODUCERS STILL TRYING TO  ASSESS THE DAMAGE FROM THE HURRICANE.  CATTLE RANCHERS TRYING TO GET GRASP HOW MANY  OF THEIR CATTLE ARE DISPLACED VERSUS KILLED  FROM THE STORM.  THE HARDEST HIT SECTOR MAY BE COTTON FARMERS.  COTTON LEFT IN THE FIELD VERY VULNERABLE TO THE  RAIN AND WINDS, WITH TEXAS A&M TELLING US 400  THOUSAND BALES WORHT OF COTTON WAS STILL LEFT  ON THE STALK IN COUNTIES THAT WERE IN THE HEART  OF THE STORM. BUT IT'S THE CROP ALREADY HARVESTED ALSO  SUFFERING. AS YOU CAN SEE MODULES SITTING IN FIELDS AND AT  GINS JUST RIPPED APART AND SWEPT AWAY, WITH  COTTON SCATTERED FOR MILES. COASTAL TEXAS FARMERS FACING ONE OF THEIR BEST  CROPS EVER, ONLY TO SEE IT RIPPED AWAY.  THE UNPRECEDENTED RAIN FROM HARVEY ALSO  CREATING INFRASTRUCTURE NIGHTMARES IN TEXAS  AND LOUISIANA.  THE STORM CLOSING NEARLY ALL TEXAS PORTS,  CUTTNIG OFF RAIL TRAFFIC TO THE GULF COAST AND  FLOODING NUMEROUS HIGHWAYS. 

OPTING OUT OF MPP
MILK PRODUCERS NOT HAPPYW ITHTEH CURRENT  MARGIN PROTECTION PROGRAM CAN NOW OPT OUT.  THE U-S DEPARTMENT OF AGRICULTURE ANNOUCNING  THIS WEEK IT'S ALLOIGN DAIRY FARMERS TO EXIT M-P-P. AMERICAN FARM BUREAU SAYS 24 THOUSAND DAIRY  FARMERS REPRESENTING 80 PERCENT OF THE U-S MILK  SUPPLY, IS CURRENTLY ENROLLED INT EH PROGRAM.  HOWEVER, ONLY 2 PERCENT PARTCIPATED IN LEVELS  ABOVE THE BASIC COVERAGE OPTION, WITH FARM  BUREAU SAYING THIS IS PROOF THE PROGRAM ISN'T A  VIABLE SAFETY OPTION FOR PRODUCERS. 

WEATHER
THOSE ARE THE HEADLINES...METEOROLOGIST CINDI  CLAWSON IS FILLING IN FOR MIKE HOFFMAN THIS WEEK.  CINDI, TEH FOOTAGE OF THE HURRICANE AFTERMATH IS  JUST HEARTBREAKING, BUT REMNANTS OF THE  HURRICANE STILL LINGER FOR THE EASTERN HALF OF  THE COUNTRY. HOW LONG IS THAT EXPECTED TO LAST?  WELL TYNE YOU'RE RIGHT IT IS DEFINITELY JUST HORRIFYING TO SEE THOSE  IMAGES COMING OUT OF TEXAS AND MUCH OF THE GULF COAST STATES  IT IS GOING TO GET BETTER AS THAT HURRICANE. THE REMNANTS OF IT WILL  CONTINUE TO WEAKEN AS IT PUSHES OFF TO THE EAST. BUT TAKE A LOOK  AT THE DROUGHT MONITOR WE HAVE SEEN A SIGNIFICANT DIFFERENCE  OVER THE PAST COUPLE OF MONTHS. THE DRYNESS NOW REMAINS AND  MAINLY THE NORTHERN PARTS OF THE COUNTRY ESPECIALLY THE NORTHERN  PLAINS AND INTO MONTANA WE'RE STARTING TO SEE SOME DRYNESS  THOUGH IN PARTS OF THE EASTERN CORN BELT. LOOK AT WHAT IT WAS A  MONTH AGO WHERE WE HAD SOME DRYNESS STILL IN THE SOUTHERN  PLAINS. THAT'S ALL BUT GONE AND WE ARE SEEING JUST MAINLY THAT  DRYNESS REMAINING VERY STUBBORN IN THE NORTHERN PLAINS AND IN  MONTANA YOU REALLY SEE THAT EXPANDING ESPECIALLY IN MONTANA.  HERE'S A LOOK AT WHAT WE HAVE FOR US THIS WEEK WE DO HAVE A  COUPLE OF FRONTS ONE IN THE SOUTH EAST WE'LL SEE SOME UNSETTLED  WEATHER ALONG THE GULF COAST. WE'RE ALSO GOING TO BE SEEING A  FRONTAL SYSTEM MOVING THROUGH THE GREAT LAKES WITH THE TRAILING  COLD FRONT THAT'S GOING TO BE LOOKING AT SOME SHOWERS AND  THUNDERSTORMS FOR THOSE AREAS. PRETTY WARM IN THE WESTERN HALF  OF THE COUNTRY ESPECIALLY BUT DRY IN THE EAST. AS WE HEAD THROUGH  OUR MONDAY UNTIL WE GET TO WEDNESDAY WE SEE THAT FRONT  PUSHING TO THE EAST THAT'S GOING TO GET SOME MUCH COOLER AIR FOR A LOT OF THE EASTERN PART OF THE COUNTRY WHILE THAT WARM WEATHER  REMAINS OUT IN THE WEST.  IT WILL BE FAIRLY DRY AS WE GET INTO THE MIDDLE PART OF NEXT WEEK  AND EVEN INTO THE LATTER PART OF NEXT WEEK WITH HIGH PRESSURE IN  CONTROL THAT FRONT WELL OFF TO THE EAST SOUTHEAST STILL SEEING SOME  SHOWERS AND THUNDERSTORMS MAYBE A LITTLE BIT OF UNSETTLED  WEATHER IN THE ROCKIES WITH THE WARM AIR STAYING IN THE WEST  AND THE COOLER AIR STAYING IN THE EAST. WE'LL HAVE MORE WEATHER  COMING UP LATER ON IN THE SHOW. TYNE 

TEASE
THANKS, CINDI. WHEN WE COME BACK, WE'RE OFF TO  THE FARM PROGRESS SHOW FOR A MIXED VIEW ON  CROP PRICES IN THE MONTHS AHEAD. JOHN PHIPPS  TALKS MARKETS WITH MATT BENNETT, CHIP NELLINGER  AND BOB UTTERBACK NEXT. 

ROUNDTABLE 1
ALL RIGHT I KNEW THIS WOULD HAPPEN SOMEDAY TYNE LOOKED AT THE  MAP AND SAID YOU KNOW JOHN YOU'RE ONLY AN HOUR AND A HALF  FROM THE FARM PROGRESS SHOW. WHY DON'T YOU DO IT INSTEAD OF  ME DRIVING THREE HOURS. AND SO I'M FILLING IN FOR TIME THIS WEEK  AND WE'RE TICKLED ADAP HAVE ON OUR PADDLE. GOOD OLD BOB  UTTERBACK FROM UTTERBACK MARKETING. MATT BENNETT FROM BENNETT  CONSULTING AND CHIP MALINGER FROM BLUE REEF AGRIMARKETING  THREE VETERANS WHO ARE GOING TO CARRY ME THROUGH THIS AND I  WANT TO START OUT WITH THE CROP TOUR FROM LAST WEEK. WE TALKED THE  YIELDS TO DEATH BUT I WANTED TO TALK TO THE TWO GUYS WHO ARE ON  THE TOUR. START WITH MATT HERE. MATT YOU ARE ON THE WESTERN SIDE.  TELL ME ABOUT THE WHEAT.  YEAH. SO NOT ONLY IN THE BEAN FEELS BUT IN THE CORN FIELDS A  SIGNIFICANT WATER PRESSURE AND A LOT OF PLACES I WOULD SAY YOU  KNOW WHEN WE GOT INTO NEBRASKA I THINK SOME OF THOSE GUYS  HAVE IMPROVED A LITTLE BIT FROM WHAT WE'VE SEEN MAYBE THE LAST  COUPLE OF YEARS BUT WE'RE STILL SEEING SOME FIELDS THAT ARE JUST  REALLY REALLY HEAVILY PRESSURED WHEN IT COMES TO THE WEEDS AND  SO IT'S DEFINITELY GOING TO HAVE ANY IMPACT ON YOU. BUT AGAIN I  DIDN'T JUST SEE IT IN THE BEAN FIELDS I SAW IT IN SOME OF THE CORN  FIELDS. IS TOUGH TO GET THROUGH A FEW OF THEM AND SO IT'S GOING TO  BE PRETTY INTERESTING. THAT IMPACTS THEIR YIELDS LATER ON.  WELL I THINK THAT'S ONE THING THAT PEOPLE WHO CAME TO THE FARM  PROGRESS SHOW HERE IN DECATUR ILLINOIS CENTER THE STATE DROVE BY  FIELDS THAT NORMALLY WOULD BE PRISTINE AND THEY WORK. WHAT DID  TELL US ABOUT WHAT YOU SAW ON THE EASTERN SIDE.  YES SIMILAR. I MEAN IT WASN'T JUST THE FIRST. YOU KNOW THREE OR FOUR  ROWS EITHER LIKE YOU OR ME SEE AT THE EDGE OF A WATERWAY OR  SOMETHING. I MEAN IT WAS CLEAR INTO THE FIELD A LOT OF CORNFIELDS  YOU STRUGGLE TO TO GET THROUGH THEM. I MEAN IT WAS SO DEEP AND I  THINK SOME OF THAT KIND OF COINCIDED WITH THE IMMATURITY OF THE  CROP YOU SAW THERE SO I THINK IT WAS LATE PLANTED FIELDS OR  REPLANTED THEY HAD NO TROUBLE GETTING IN EARLY GETTING BACK INTO  THE SPRAY THAT CLEAR INTO PARTS OF ILLINOIS AS WELL. GET INTO WESTERN  ILLINOIS. IN IOWA IT SEEMED TO GET A LITTLE BIT BETTER AS YOU WOULD  EXPECT BECAUSE IT WASN'T AS A LATE PLANTING SEASON RIGHT. BUT YOU  KNOW EVEN IN PARTS OF WESTERN IOWA YOU SAW PRETTY SERIOUS  PRESSURE IN THE BEANS AS WELL. SO I WAS TALKING TO ONE FARMER IN  MY IN MY CAR AND HE SAID HE'S FROM WESTERN ILLINOIS. HE SAID IT  TOOK HIM TWO PASSES ON SOMETIMES AND QUESTIONABLY. HE COULD  HAVE GONE A THIRD TIME. SPRAYING BEAMS IN IT'S JUST IT'S GETS  TOUGHER AND TOUGHER TO CONTROL OF IT.  IT'S A COMPLETELY DIFFERENT GAME. AND THAT COULD BE ONE OF THE  THINGS THAT ROLLS INTO BOB. LET'S TAKE A LOOK. GOING FORWARD NOW  AND. THE OUTLOOK FOR CORN AND BEANS ARE NOT GOING TO BE  TRACKING SIDE BY SIDE. AND ONE OF THE THINGS COULD BE HOW YOU'RE  TRYING TO DEAL WITH THIS PROBLEM IN EACH CROP. I'VE BEEN SAYING FOR  A OUPLE OF MONTHS THAT I THINK THIS IS A 93 CROP YEAR. AFTER.  AND WE TOOK OFF AFTER THE SEPTEMBER SUPPLY DEMAND REPORT.  WHEN THE COMBINE START TO RUN AND I THINK YOU AS YOU HISTORICALLY  RICH FILTERS THAT WHEN MY AND WORK WITH SAID ABOUT THREE AND A  HALF BUSHEL OFF FROM AUGUST TO JANUARY IS WHAT YOU EXPECT THESE  CROP AND THAT PUTS IS AROUND 165 166. BUT IT'S GOING TO TAKE TIME.  AND AFTER THAT FLOREZ THE BS THIS WENT GREEN WE GOT THIS WE GOT  A GOOD RAIN LAST NIGHT. I'M HAPPY FOR IT. AND I THINK YOU'RE IS  CLOSER TO REALITY THAN WE EXCEPT THAT IT IS APPLIED VERSUS THE FRONT  END ON BEANS. AND THEN LONG TERM THE DEMAND SIDE FOR BEANS IS  GOING TO BE THE BRIGHTSTAR AS WE GO INTO NEXT YEAR.  IS THERE ANY POSSIBILITY THAT WE COULD SEE EVEN MORE OF A SHIFT.  WE SAW SOME SHIFT BEANS THIS YEAR. YOU THINK THAT IF. PEOPLE TAKE A LOOK AT IT THAT THE PRICE DIFFERENCE WILL BE OUR COST OF  PRODUCTION WILL BE ENOUGH THAT WILL CONTINUE TO SHIFT OUR BASE.  I THINK IT'S POSSIBLE ESPECIALLY IN WHAT WHEATS DONE THE LAST  MONTH AND A HALF HERE YOU KNOW A HUGE IMPLOSION IN WHEAT  PRICES. TALK TO PRODUCERS IN KANSAS SOUTHERN ILLINOIS SOUTHERN  INDIANA KENTUCKY UNLESS WE'VE DOES SOMETHING PRETTY DRAMATIC  HERE THE NEXT SIX OR EIGHT WEEKS YOU'RE GOING TO HAVE LESS WHEAT  ACRES AGAIN. AND SO I DON'T KNOW IF THAT BODES WELL NECESSARILY  FOR BEAN ACRES. I THOUGHT IF YOU HAD NORMAL WHEAT PRICES THAT  MAYBE YOU'D SEE A SHIFT OUT OF BEANS TO MORE CORN. I DON'T KNOW  NOW WITH WHAT WE'VE DONE IF THAT'S IN THE CARDS SO I THINK THERE  COULD BE SOME BIG QUESTIONS IN SPRING ON AND ON ON ACREAGE.  THESE ARE JUST TOO MUCH WEAK EVERYWHERE.  WELL YOU KNOW YOU CAN GROW WHEAT ANYWHERE IN THE WORLD. YOU  KNOW WE'RE ALWAYS NOT DUE FOR A LOT OF LIVES ARE WE WE TRIED IT  DIDN'T WORK. WELL I WOULD SAY THOUGH WHENEVER WE'RE LOOKING AT  THIS ACREAGE RANGE YOU KNOW THE PRICE RATIO FROM BEANS TO CORN  IF IT CONTINUES TO STAY IN A SITUATION WHERE THE SOYBEANS LOOK  FAIRLY DECENT. I THINK YOU'VE GOT TO ASK YOURSELF A COUPLE  QUESTIONS YOU KNOW ARE PEOPLE GOING TO BE ABLE TO KEEP TURNING  MORE PROFIT ON SOYBEANS AND CORN FIRST OF ALL AND SECOND OF ALL  THE CREDIT CRUNCH THAT WE'VE SEEN IN THE LAST 24 MONTHS IS NOT  GOING AWAY ANYTIME SOON. WITH $3 CORN AND SO I THINK THAT THAT  COULD FACTOR IN IN THE LONG RUN. THE WORLD IS ASKING FOR MORE PROTEIN THEY'RE ASKING FOR MORE SOYBEANS AND THAT THAT IS GOING  TO CONTINUE.  OK WE'LL BE RIGHT BACK WITH MORE US FARM REPORT IN A MOMENT. 

ROUNDTABLE 2
OK WE'RE BACK AT THE FARM PROGRESS SHOW HERE IN DECATUR  ILLINOIS IN THE CHANNEL SEED TENT, I'M TICKLED TO DEATH TO BE HERE,  IT'S NOT TOO HOT, WHICH IS UNUSUAL FOR AUGUST IN DECATUR. AND AS  WE LEFT WE WERE TALKING ABOUT THE COST OF PRODUCTION BECOMING  ONE OF THE FACTORS OF WHAT HAPPENS NEXT YEAR AND THAT COST OF  PRODUCTION WHAT ARE YOU HEARING FROM YOUR CLIENTS BOB ABOUT  HOW THEY'RE COPING WITH HOW TO GROW CORN 4 TO 8 OR SOMETHING.  I'M GETTING FARMERS CORN THAT PROVERBIAL QUESTION. WE'VE GOT A  LAND COMING UP FOR CASH RENT. WHAT CAN I PAY FOR IT. AND WHEN  THE NUMBERS COME OUT 275 300 FOR 200 BOOKS AREN'T. WHEN YOU  GO TO THE NUMBERS THEY'RE 20 CENTS OR 30 CENTS IN THE HOLE  BEFORE THEY EVEN START. SO. IT'S A REALLY TOUGH ISSUE. DO YOU  WHEN DO YOU LET LAND GO OR WHEN WOULD IT BE BETTER TO BE LONG  DECEMBER CORN AT 3:40 OR AT 3:30 THEN TO CATCH RENDED 300 PLUS  LAND.  AND THAT'S THE ONLY WAY WE'RE GOING TO GET BETTER PROBABILITIES.  THAT YOU KNOW COULD COST AND I DON'T SEE THAT HAPPEN SO I THINK  A MARGIN SQUEEZE IS COMING WHICH LEADS TO THE BIGGER QUESTION.  WE COULD GET BULLISH WHEN FARMERS DON'T HAVE CORN IN THE BIN AS  WE COME IN APRIL MAY. WILL THAT HAPPEN THIS YEAR OR NEXT YEAR.  AND. I DON'T THINK IT'S GOING TO HAPPEN THIS YEAR. UNFORTUNATELY I  DON'T THINK FARMERS WILL GET ENOUGH CASH FLOW RESERVE STOCK AND  THOSE ARE UP 14 PERCENT IN THE 80S WAS 23 25. WE STILL GET A LOT  OF MONEY EVEN THOUGH THE DEBTS BUY OUR DEBT TO EQUITY RATIOS  ARE STILL PRETTY GOOD SHAPE.  WE CAN WE COULD BURN THROUGH THAT PRETTY FAST SO CAN WE MATT  AND WE'VE BEEN BURNING THROUGH A LOT OF EQUITY HERE THE LAST  COUPLE OF THREE YEARS HAS DEFINITELY BEEN TOUGH ON THE PRODUCER.  I THINK ONE THING WHENEVER I LOOK OUT FOR THERE YOU KNOW WE STILL  HAVE PRETTY STRONG DEMAND. I MEAN THERE'S NO QUESTION ABOUT IT.  AND SO IF I'M A CORN PRODUCER I'M ARE GOING TO CONTINUE TO BET ON  THE COME WHICH A LOT OF US HAVE DONE IN THE LAST FEW YEARS AND  IN MY OPINION I THINK THAT KEEPING THE SIMILAR ACREAGE RATIO IS  PROBABLY THE THING TO DO. IT IS A TOUGH QUESTION THOUGH FOR A  PRODUCER. AM I GOING TO PAY. THE AVERAGE EVEN CASH RENT  BECAUSE RIGHT NOW THE AVERAGE CASH RATE REALLY DOESN'T LOOK SO  HOT. BUT ONE THING THAT I'VE NOTICED IS THE LAST SEVERAL YEARS I  MEAN WE'RE GETTING FORECASTED NOW OF SIX YEAR LOWS FOR CORN  WHEAT AND CATTLE RECEIPTS NET CASH RECEIPTS. THE ONE THING THAT'S  REALLY BAILED US OUT THESE LAST SEVERAL YEARS IS HAVE A LOT OF  BUSHELS. AND SO IN MY OPINION I'M STILL GOING TO TRY TO PLANT CORN.  I'M STILL GOING TO GO FOR THE BEST DEAL THAT I CAN AND THAT I  WOULDN'T TRY TO MANAGE MY RISK AS MUCH AS I CAN BECAUSE RIGHT  NOW IT DOESN'T LOOK GOOD BUT WE HAVE HAD OPPORTUNITIES THE LAST  THREE YEARS TO MAKE MONEY. WE HAVE TO BE BETTER MANAGE OUR  RISK.  WE HAD AN OPPORTUNITY EARLIER THIS SUMMER THAT AT LEAST YOU  KNOW GET TO GET WITHIN A DISTANCE OF $4 CORN BUT IT'S STILL A  QUESTION THAT AS A RULE. CASH RENTS AREN'T ON THE AVERAGE. YOU'RE  ALWAYS ON THE MARGIN.  YEAH. CASH RENTS ARE PROBABLY THE BIGGEST ISSUE OF IT THAT  PROBABLY NEED TO BE ADDRESSED. OBVIOUSLY EVERY EVERY LANDLORD  I'M NOT GOING TO BE IN GOOD GRACES WITH LANDOWNERS EVERY  LANDLORD THINKS THEY HAVE AN ABOVE AVERAGE FARM. RIGHT. AND SO  CATHERINE NEEDS TO ADJUST AND ARTIST PRICES HAVE STARTED COME  DOWN PRETTY DRAMATICALLY. SEE PRICES PROBABLY NOT SO MUCH. I  AGREE I'M GOING TO KIND OF TAKE A MATH ATTITUDE HERE. YOU KNOW  THE GLASS IS STILL HALF FULL. I THINK THERE'S A CHANCE FOR IT SAID AND  DONE IN THE JANUARY CROP REPORT. WE END UP CLOSER TO 160 THAN  170 ON OUR NATIONAL AVERAGE CORN YIELD. IF THAT'S THE CASE WE'RE  GOING TO GET SOME CHANCES. WE HAVE TO BE GETTING BETTER AT  STORAGE MANAGING STORAGE MANAGING BASES MANAGING CARRY. I  THINK THAT'S GOING TO BE CRITICAL GOING FORWARD TO MANAGE RISK AND  TO HELP THOSE MARGINS HOLD TOGETHER.  THAT LEAD AT BOB THOUGH. I ALWAYS THOUGHT ABOUT THIS. OK WE DO  GET A SHOT AT RUNBACK UP $4 THOUGH. THERE'S SO MUCH CORN THAT  COULD BE RELEASED THAT THIS COULD BE A YOU KNOW A 20 MINUTE  WINDOW.  I THINK WE'RE SETTING UP ALMOST EXACT SAME PATTERN FOR NEXT YEAR  AS WE'VE SEEN LAST YEAR. AND TWO THINGS I40 CENT CARRY MARKET IS  TELLING TO STORE ROLL TO CARRY CAPTURE TO CARRY WEIGHT FOR BASS'S IMPROVEMENT. BUT THE QUESTION I ASK YOURSELF WHY DO YOU  BELIEVE YOU'RE GOING TO BE BETTER NEXT JUNE-JULY TO TAKE  ADVANTAGE OF THE WEATHER SCARE EVENT. IF YOU TAKE THE SAME  BEHAVIOR IN THE PAST YOU'VE GOT TO CHANGE YOUR BEHAVIOR.  YOU'VE GOT TO HAVE A PLAN PUT ON THE BLACKBOARD PUT A SIGN UP IN  THE FRONT OF THE GOLAN AND SAY I'M GOING TO SELL CORN STARTING MID  JUNE AND BY JULY 15TH I'M GOING TO BE DONE. SELL AT THIS PRICE  AND HAVE EVERY NEIGHBOR PICK ON YOU. WE'RE NOT SELLING AND IF  YOU DO IF YOU GET THAT PRICE OUT THERE JOHN THAT'S NO IT WON'T WORK.   SOME OF US COULD EVEN RESIST THAT. BUT IT IS THAT KIND OF WHAT  YOU'RE THINKING TO AIR MAN OR WHERE DO YOU.  FALL ON THAT. WELL I THINK THE LAST THREE YEARS A COUPLE OF THINGS  THAT WE'VE SEEN THAT'S HELPED PRODUCERS BE ABLE TO NAVIGATE THIS  IS SIMPLY BY SOME CALLS WHENEVER VOLATILITY WAS LOW IN COSMOLOGY  AND THEN WHENEVER WE GET INTO A SUMMER WEATHER MARKET  PEOPLE WANT TO PLACE OUR HEDGES IN PLACE WE'RE NOT GOING TO BE  TOO AWFULLY WORRIED ABOUT PUTTING THOSE HEDGES IN A BAD SPOT.  WE'RE GOING TO TAKE MARGIN WITH BECAUSE WE'VE GOT THE CALLS TO  COVER THE MARGIN RISK AND SO I CALL THAT AN INSULATED LIKE USING  THOSE AS MUCH AS POSSIBLE. I KNOW SOME PRODUCERS ARE A LITTLE  BIT WARY OF ANY SORT OF RISK MANAGEMENT. BUT WE ARE GOING TO  HAVE TO GET BETTER AT OUR RISK MANAGEMENT SKILLS BECAUSE THE  WAY THAT WE'RE DOING IS NOT WORKING AND YOU KNOW WHAT THE  DEFINITION OF INSANITY IS RIGHT NOW.  AND WE'RE WAIST DEEP IN RISK. SO YOU DON'T HAVE AN OPPORTUNITY  TO SAY WELL DO I WANT TO GET INVOLVED WITH HALING RISK OR NOT.  WE'RE ALREADY THERE. OK. WE'LL BE BACK IN JUST A MOMENT AND  WE'LL FIND OUT WHAT WE NEED TO DO. AND WITH MARKETS NOW. 

MARKETS NOW
WE'RE BACK AT THE FARM PROGRESS SHOW AT THE CHANNEL SEED TENT,  AND WE'RE GOING WITH THE MARKETS NOW. WHAT'S THE ONE THING YOU  WANT TO TELL PEOPLE BOB. IT'S TIME FOR THE BEAR TO TAKE IT.  TO THE SIDE IN THE FEED BUYERS WHO STARTED THINKING ABOUT THE  CUMULATING A LONG POSITION ESPECIALLY BEANS FOR EIGHTEEN POINT  BEING BELOW 920. OK.  BUT MATT I THINK YOU KNOW WE'RE COMING RIGHT UP HERE ON HARVEST AND RIGHT NOW THE MARKETS LOOK AWFULLY TOUGH. A COUPLE OF THINGS  I'D LIKE TO LOOK AT IS FIRST OF ALL WE'VE GOT TO BE LIKE THE FARM LIKE  THEIR GRAIN ELEVATOR. YOU KNOW I WANT TO SELL THE CARRIER IN THE  MARKET AND WATCH THE BASES COME BACK TO ME FIRST OF ALL AND  SECOND OF ALL WE HAVE TO GET BETTER AT OUR RISK MANAGEMENT SKILLS  LEARNED FROM THIS YEAR AND CARRY THAT INTO NEXT YEAR.  OK. THAT'S A TOUGH HILL TO CLIMB. BUT I THINK YOU'RE EXACTLY RIGHT.  WE DON'T HAVE ANY CHOICE.  CHIP I THINK RIGHT NOW DON'T PANIC. THAT'S THE KEY. DON'T PANIC.  PRICES ARE LOWER EVERY DAY. DO NOT PANIC RECALCULATE WHAT YOUR  COSTS ARE AND FIGURE OUT WHAT YOUR YIELDS ARE BECAUSE YOU MIGHT  BE CLOSE TO CROP INSURANCE PAYMENT HERE IN SOME AREAS. AND  DON'T PANIC AND BE READY TO TAKE THAT NEXT OPPORTUNITY ON 17 AND  18 MARKETING.  WHEN WE GET THE CHANCE IN THE NEXT FEW MONTHS PROGRESS SHOW.   THANK YOU FOR COMING. 

JOHN’S WORLD
FROM THE HORRIFIC HURRICANE DAMAGE IN TEH  SOUTH, TO THE DIRE DROUGHT SITUATION TO THE  NORTH, IT SESMS LIKE IT'S A YEAR OF EXTREMES THIS  YEAR. HERE'S JOHN PHIPPS.  I'M RECORDING THIS JOHN'S WORLD RIGHT IN THE MIDDLE OF WHAT  SEEMS SURE TO BECOME AN EPIC WEATHER CATASTROPHE - HURRICANE  HARVEY. THE INSANE AMOUNTS OF RAIN ALREADY DUMPED ON COASTAL  TEXAS COULD BE MATCHED BY EVEN MORE TO COME. WHILE I  CERTAINLY DON'T DOUBT THE REPORTS, OUR LACK OF RAIN FOR THE LAST TWO  MONTHS MAKES IT HARD TO TRULY ABSORB THE SCALE OF THE DISASTER. ECONOMISTS AND PSYCHOLOGISTS CALL THIS THE AVAILABILITY HEURISTIC.  IT MEANS THE FACTS THAT ARE CLOSEST TO US AND EASIEST TO SEE SWAY  OUR OPINIONS AND JUDGMENT MORE. WE SAW THIS EFFECT IN THE  REACTION TO THE USDA AND FARM JOURNAL CROP REPORTS. WITH THE  EXCEPTION OF PLACES LIKE MINNESOTA, WHICH IS LOOKING AT A VERY  GOOD CROP, MOST OF US LOOKED OUT THE KITCHEN WINDOW AND  PROTESTED, "THE CROP ISN'T THERE!"  I COULD LIST EXAMPLES LIKE  CLIMATE CHANGE OR SOLAR POWER EXPANSION AS WELL. UNLESS WE  CAN SEE IT OURSELVES, WE HAVE A HARD TIME USING NUMBERS AND  EVEN OTHER VISUAL DATA TO BELIEVE WHAT IS GOING ON. MOST OF US HAVE BEEN AWARE OF THIS "BACKYARDITIS", BUT ANOTHER  TREND WILL MAKE IT MORE PRONOUNCED. DE-LEGITIMIZING MEDIA,  GOVERNMENT AGENCIES, AND ACADEMIC EXPERTS AS FAKE NEWS OR  CORPORATE SHILLS MEANS WE ARE CLOSING OFF COMMUNICATION  CHANNELS THAT CAN BALANCE OUR AVAILABILITY BIAS. IF THE USDA IS  UNFAIRLY AND INACCURATELY CONDEMNED AS CORRUPT OR MANIPULATED,  WE WILL BE LIMITED TO WHAT WE CAN SEE WITH OUR OWN EYES TO  INFORM OUR MARKET DECISIONS. OR WORSE YET, WE COULD BUY INTO  DUBIOUS RUMORS OR OUTRIGHT SCAMS. THE SAME GOES FOR  EVERYTHING FROM WEATHER FORECASTS TO SPORTS SCORES. DISMISSING  INFORMATION THAT DOESN'T FIT WITH OUR VERSION OF REALITY AS FAKE  WON'T HELP US COPE WITH REALITY WHEN IT COMES CRASHING THROUGH  OUR BELIEFS. IT REALLY IS RAINING FEET OF WATER IN TEXAS; THE CORN  DROP IS MUCH BIGGER THAN IT LOOKS FROM HERE; AND THE ARCTIC IS  MELTING. THE SAFEST APPROACH SEEMS ME TO BE TO ASSUME BAD  NEWS IS REAL UNTIL PROVEN OTHERWISE. 

TEASE
THANKS, JOHN. STILL TO COME, THE HISTORIC  RAINFALL AMOUTNS CREATED NIGHTMARES IN THE  SOUTH, BUT FOR OUR FRIENDS TO THE NORTH, THE  DEVASTATING DROUGHT IS CUTTING DEEP, CREATING  DIFFICULT FINANCIAL PAIN. WHEN WE COME BACK, WE HEAD TO SOUTH DAKOTA TO  SEE THE SITUATION FIRST HAND. 

HEADLINES
FROM THE STUDIOS OF FARM JOURNAL BROADCAST,  THIS IS U.S. FARM REPORT.  WELCOME BACK TO U-S FARM REPORT THIS LABOR DAY  WEEKEND. WE HAVE MUCH MORE AHEAD. NEW SIGNALS POINT TO POSSIBLE BETTER DAYS AHEAD  IN THE FARM ECONOMY. IT'S A DEVESTATING DROUGHT IN SOUTH DAKOTA,  EATING INTO OUTLOOKS AND FARMERS' BOTTOMLINE.  REVISITING HISTORY WITH A LITTLE MULE POWER AS WE  TRAVEL TO THE SHOW-ME STATE WITH AMERICAN  COUNTRYSIDE. AND BATTLING RESISTANCE... BUT IS IT A ONCE IN A  CENTURY EVENT? THAT'S CUSTOMER SUPPORT. 

FARM ECONOMY COULD HAVE BOTTOMED
NOW FOR THE HEADLINES, DESPITE CORN PRICES  PLUMETTING AROUND 70 CENTS SINCE MID-JULY, USDA  FORECASTING THE FIRST NET FARM INCOME GAIN IN  FOUR YEARS, WITH THE LIVESTOCK SECTOR HELPING  BOLSTER OVERALL INCOMES THIS YEAR. AND NOW  SOME ECONOMISTS ARE SAYING SIGNALS POINT TO  BETTER DAYS AHEAD.   IT'S BEEN A VICIOUS CYCLE FOR AG, WITH NET FARM  INCOME FALLING SINCE 2013. BUT USDA SIGNALING  HOPE, FORECASTING PRODUCERS MAY NET 63 POINT 4 BILLION DOLLARS IN 2017. THAT'S A 13 PERCENT BUMP  OVER LAST YEAR. USDA CITING INCREASES IN SALES OF  INVENTORY OF GRAIN IN BINS.  BUT IT'S REALLY HIGHER THAN EXPECTED REVENUE  FROM LIVESTOCK AND MILK HELPING BOOST THE  OVERALL PICTURE. FARMERMAC TELLING U-S FARM  REPORT USDA'S AUGUST NET FARM INCOME FORECAST  TENDS TO BE THE MOST RELIABLE ONE, AS IN  FEBRUARY, THE AGENCY IS USUALLY MORE  PESSIMISTIC ON HOW THE YEAR COULD PAN OUT.   WHAT WE DO KNOW NOW THAT WE DIDN'T KNOW THEN IS HOW MUCH  BETTER THE LIVESTOCK SECTOR IS, SO THE EARLIER PROJECTIONS HAD A LOT  OLOWER CASH RECEIPTS FOR VIRTUALLY EVERY AREA OF HTE LIVESTOCK  SECTOR AND PRICES HAVE HELD UP MUCH BETTER DEMAND HAS HELD  UP MEUCH BETTER FOR LIVESTOCK PRODUCTS, SO THAT'S REALLY BEEN THE  BOOST. AND I THINK IT WOULD BE REALLY HARD TO GO BACK WITHOUT IN  HINDSIGHT, AND SAID THAT'S WHAT WOULD HAVE TOLD US THAT. SO I THINK  WHAT THEY PROJECTED BACK IN FEBRUARRY WAS A BASE CASE, IF THINGS  STAY STEAD, ALL THOSE TYHPES OF TERMS, KNOWING WHAT THEY KNEW  RIGHT THEN, BUT WE GOT BETTER, AND MORE INFORMATION CAME OUT  WITHHOW THE YEAR PROGRESSED AND THEY INCORPORATED THAT INTO THE  AUGUST REVISIONS. > USDA ALSO FORECASTING SOME LIFE IN FARMLAND  VALUES, COMING AS A SURPRISE TO ECONOMISTS LIKE  TAKASH. USDA SSIGNALING VALUES MAY RISE 2 POINT 3  PERCENT, FOLLOWING A VERY MINOR DECLINE, NOT  EVEN A HALF OF A PERCENT, IN 2016.  <"SO THIS IS OUR ONCE IN A GENERATION OPPORTUNITY TO REAL TAX  REFORM TO EVERY DAY HARDWORKING AMERICANS.">

TRUMP’S TAX PLAN
THE PRESIDENT OUTLINING A FOUR POINT TAX REFORM  PLAN THIS WEEK, SAYING AMERICANS ARE DEMANDING  HISTORIC CHANGES TO TAX CODE. THE PRESIDENT  SAYS THE CURRENT TAX SYSTEM  IS OUT OF CONTROL  AND NEEDS TO BE CLEANED UP. MISSOURI CATTLEMEN'S BEEF ASSOCIATON EXECUTIVE  DIRECTOR MIKE DEERING WAS IN THE CROWD. HE TOLD  ME HIS MESSAGE TO THE PRESIDENT IS TO REDUCE THE  TAX BURDEN WITHOUT CREATING NEW PROBLEMS FOR  FARMERS AND RANCHERS. BUT SAYS THE OUTLOOK  FOR GETTING COMPREHENSIVE REFORM PASSED  SEEMS GRIM.  <I FEEL LIKE THIS IS GOING TO BE FAR MORE CONTREVERSIAL THAN EVEN  TEH HEALTHCARE BILL, WE DIDN'T GET TEH HEALTHCARE BILL DONE AND  THAT'S A HUGE BURDEN ON THE FARM AND RANCHING FAMILES WE REPRESENT. I MEAN THEY TALK ABOUT TAXES, THEY TALK ABOUT  HEALTHCARE. THOSE AR TWO THINGS TOP OF MIND FOR OUR EMMBERS AND  I AM CAUTISOULY OPTIMISIC, I'M SKEPTICAL A MASSIVE  COMPREHENSIVE TAX REFORM PACKAGE CAN GET THROUGH CONGRESS,  VERY SKEPTICAL, BUT AT THE SAME TIME, LET'S GIVE IT  A SHOT.>DEERING SAYS OF ALL THE PRESIDENT'S SPEECHES,  THIS WEEK'S SPEECH SEEMED TO HAVE THE LOUDEST  MESSAGE TO RURAL AMERICA... NOT JUST FOR FARMERS ADN RANCHERS, BUT ALSO TO THE  BUSINESSES THAT ARE THE BACKBONE OF RURAL  COMMUNITIES. 

MONSANTO BACKING DICAMBA
ONE OF THE MAIN MANUFACTUERS OF NEWER DICAMBA  FORMULATIONS IS STICKING BY THIS YEAR'S PRODUCT  LABEL, SAYING THE COMPANY SUPPORT THE LABEL AS  IT STANDS.  MONSANTO COMPANY TAKLING TO AGWEB AT FARM  PROGRESS SHOW, SAYING THEY'V BEEN ON OVER ONE  THOUSAND CALLS, AND THEIR FINDINGS SHOW THE  CURRENT LABEL ON XTEND HERBICIDE WORKS, IF  FOLLOWED PROPERLY. THIS CONTRADICTS UNIVERSITY OF ILLINOIS WEED  SPECIALST AARON HAGER'S VIEW. WITH ESTIMATES  POINTING TO MORE THAN 3 MILLION ACRES DAMAGED  BY DICAMBA THIS YEAR, HE SAYS THE LABEL NEEDS TO  BE UPDATED BEFORE TEH 2018 GROWING SEASON.  <I THINK THERE'S GOING OT BE A LOT OF LOOK FROM TEH REGULATORY  AGENCY DO WE NEED TO MODIFY THESE LABELS MOVING FORWARD INTO  2018 TO TRY TO AVOID SOME OF THESE THINGS. I GUESS I WOULD REALLY  BE ABSOLUTELY SHOCKED IF THE LABELS OF HTESE PRODUCTS OF THESE  LABELS IN 2018 ARE IDENTICAL TO WHAT HTEY ARE IN 2017> MONSNATO TELLING AGWEB THAT EVEN THE SMALLEST  VARIANCE FROM THE LABEL COULD LEAD TO OFF  TARGET MOVEMENT. THAT INCLUDES WIND AND  SPRAYER SPEEDS, THE NOZZLE USED, AS WELL AS  TEMPERATURE INVERSIONS. 

WEATHER
THAT'S IT FOR NEWS...METEOROLOGIST CINDI  CLAWSON JOINS US AGAIN FOR WEATHER. CINDI, HOW'S  SEPTEMBER SHAPING UP?  WELL IT'S DEFINITELY SHAPING UP ON THE WARM SIDE IN THE WESTERN  PART OF THE COUNTRY WE HAVE THIS BIG RIDGE IN THE JET STREAM. SO  WE'RE GOING TO BE SEEING SOME VERY WARM AIR THERE YOU COULD  SEE THE TROUGH IN THE EAST. SO WE'RE SEEING SOME COOLER  TEMPERATURES ESPECIALLY OVER INTO THE NORTH EASTERN UNITED  STATES AND AS WE PUT THIS INTO MOTION WE JUST KIND OF SEE THINGS  AMPLIFYING WE'LL SEE THIS BIG TROUGH STARTING TO DIG MORE SO INTO  THE EASTERN PART OF THE COUNTRY WHILE THAT READS GETS EVEN FURTHER  INTO CANADA. SO LOOK FOR SOME REAL WARMTH AS WE HEAD THROUGH  THIS WEEK IN THE WESTERN PART OF THE COUNTRY. SO IT'S GOING TO BE  REALLY KIND OF A BATTLE OF WHICH SIDE OF THE COUNTRY YOU'RE ON TO  DETERMINE WHAT THOSE TEMPERATURES ARE GOING TO BE. WE'LL FINALLY  SEE THINGS KIND OF EVENING OUT THOUGH IN THE EASTERN PART OF THE  COUNTRY. KIND OF WARMING UP AS WE GET TOWARDS THE END OF THE  WEEK. ALL RIGHT. LET'S TAKE A LOOK THEN AT HOW THINGS ARE SHAPING  UP OVER THE NEXT 30 DAYS. OVERALL WE'RE LOOKING AT BELOW NORMAL  TEMPERATURES FOR MUCH OF THE NATION'S MIDSECTION. LITTLE ON THE  WARM SIDE IN THE FAR NORTHEAST AND DOWN IN FLORIDA AS WELL AS  MUCH OF THE WESTERN UNITED STATES. AND AS WE LOOK AT THE  PRECIPITATION LOOKS LIKE IT'S GOING TO BE ABOVE NORMAL FOR A LOT OF  THE EASTERN PART OF THE COUNTRY GETTING OVER TOWARDS THE FOUR  CORNERS REGION. A LITTLE ON THE DRY SIDE AND SOME OF THOSE DRIER  AREAS ARE READY. UPPER MIDWEST AND INTO THE WEST. THAT'S A  LOOK AT YOUR NATIONAL FORECAST. THANKS, CINDI.

FARM JOURNAL REPORT
WE'VE BEEN FOCUSNIG ON HURRICANE HARVEY THIS  WEEKEND, BUT OUR FRIENDS TO THE NORTH  SUFFERING FROM NOT ENOUGH RAIN. THE LATEST DROUGHT MONITOR SHOWS MONTANA  SEEING HTE WORST OF IT, WITH NEARLY 100 PERCENT  OF THE STATE IN DROUGHT, AND 90 PERCENT  EXPERIENCING SEVERE CONDITIONS. A SIMILAR STORY IN NORTH AND SOUTH DAKOTA, WITH  84 PERCENT OF SOUTH DAKOTA UNDER SOME LEVEL OF  DRYNESS. WHILE THAT'S A SLIGHT IMPROVEMENT FROM A WEEK  AGO, THE REALITY REMAINS THE SAME.. DROUGHT IS  ROBBING FARMERS OF YIELDS.  HERE'S BETSY JIBBEN WITH THIS WEEK'S FARM  JOURNAL REPORT.  A  TOUGH YEAR DOESN'T EVEN DESCRIBE WHAT THIS GROWING SEASON HAS BEEN LIKE FOR WESTERN  SOUTH DAKOTA PRODUCERS. I CAN'T REMEMBER A YEAR LIKE THIS A DRY WINTER, AND A  HOT AND RAINLESS SUMMER  SHUT SOME PLANTS DOWN… THOSE ONES THAT ARE BLISTERING, I DON'T THINK THEY'RE GOING TO MAKE  IT. PUT TWO-THIRDS OF THE STATE IN A MODERATE  DROUGHT, NEARLY HALF IN A SEVERE. NOTHING IS GOING TO BE IN ALL OF THOSE SPOTS.AND PRESHO PRODUCER, DENNIS STANLEY IS IN MIDDLE  OF IT. SEE IN THE SAME FIELD, YOU GOT EARS LIKE THIS- HEAR HIM OPENING  EAR. AND THEY JUST STARTED UP WHEN WE GOT SOME RAIN.  THE AREA RECEIVED ROUGHLY 4 INCHES OF RAIN -  EARLIER IN THE MONTH. MANY WONDER IF IT CAME OUT  OF TIME. IT CAME TOO LATE FOR THE ROW CROP I THINK BUT IT DOES GIVE US HOPE. DENNIS SAYS HE WILL HARVEST THIS FIELD. HE HOPES A  LATE FREEZE WILL ADD BUSHELS IF OUR CORN COULD DO 70, WE'D ALL BE THRILLED AT THIS POINT." IF I HAD CATTLE I'D CUT ALL OF IT FOR SILAGE, I'D SAY. THE PASTURES ARE STARTING TO GREEN UP.. AFTER  MANY PRODUCERS BAILED THOUSANDS OF ACRES OF  WHEAT. HALF OF THIS SORGHUM IS MATURING WHILE THE REST  IS  BEHIND.   DOES THAT HAVE ANY CHANCE OF MAKING IT? THERE'S NO WAY THIS IS  GOING TO MAKE SEED.  IT DOESN'T LOOK LIKE THERE'S A LOT OF FEED VALUE HERE BECAUSE IT'S SO  SHORT BUT PEOPLE ARE SO DESPERATE FOR HAY THIS YEAR AND FOR FEED  I'M SURE HE'D BALE IT.  MILES EAST, THE FARMERS SAY THE CORN IS STILL BEHIND IN MATURITY BUT  THEY'RE PLEASED WITH HOW IT LOOKS. YEP IT'S PHEMONIAL WITH THE SHORTAGE OF RAIN HOW THIS HAS FILLED  OUT ALMOST COMPLETELY TO THE END. YEP, THAT WILL MAKE CORN.  RELIANCE, SOUTH DAKOTA PRODUCER THAD  SCHINDLER SAYS  AUGUST RAINS HELPED AND LUCKILY  THOSE SHOWERS FOUND HIM. MILES DOWN THE ROAD, THEY DIDN'T GET NOTHING. IN FACT, IT COMPLETELY CHANGED HIS PLANS TO CHOP  THE CROP FOR SILAGE- PLANS HE HAD JUST A MONTH  AGO. WHAT WE THOUGHT WE WERE GOING TO CUT FOR SILAGE IS GOING TO  MAKE GOOD CORN NOW. BOTH PRODUCERS SAY THIS DROUGHT IN THEIR AREA  IS WORSE THAN 2012, PARTLY BECAUSE THEY DIDN'T  HAVE MUCH MOISTURE COMING INTO THE  SPRING OF  2017. EVEN THOUGH IT WAS A DROUGHT YEAR, IT WAS A GOOD YEAR FOR US.  2012 AND 2013 AND GOO DYEARS, WE'LL HAVE TO DIP INTO THAT RIGHT  NOW.  A WORSE YEAR FOR CONDITIONS.. ANOTHER REASON IS  CROP INSURANCE.. THE ECONOMIC TIMES ARE NOT THE SAME. OUR CROP INSURANCE PRICES WERE CLOSE TO 6 DOLLARS. WE'RE NOT  GOING TO BE 4 DOLLARS THIS YEAR. WE'RE NOT GOING TO HAVE ANYTHING  CLOSE TO OUR GUARANTEES.  THANKS, BETSY, ALSO, HAY RELIEF IS UNDERWAY FOR  NORTH DAKOTA RANCHERS.  OFFICIALS ASKING  INDIIDUALS WHO WANT TO DONATE HAY OR TRUCK IT,  CALL THE DROUGHT HOTLINE AT 701-425-8454. UP NEXT, JOHN PHIPPS WITH CUSTOMER SUPPORT.

CUSTOMER SUPPORT
JOHN'S COMMENTS ON DICAMBA RECENTLY STIRRING  UP SOME CONVERSATION. THIS WEEK, IT'S ABOUT HTE  BATTLE OVER WEED RESISTANCE. JOHN.  THIS ISN'T EXACTLY A READER EMAIL, BUT STRUCK ME AS IMPORTANT.  BOB HARTZLER, A PROMINENT WEED SCIENTIST WHOM I FOLLOW ON  TWITTER, POSTED THIS TWEET THIS RECENTLY. "AUTHORS STATE 'THE TIME FOR PESTICIDE STEWARDSHIP IS NOW' ARE HERBICIDES A ONCE IN A CENTURY METHOD OF WEED CONTROL?" HE IS LINKING TO A REPORT BY ADAM DAVIS AND GEORGE FRISVOLD  FROM THE USDA AGRICULTURAL RESEARCH SERVICE PUBLISHED IN  JUNE. YOU CAN GO TO BOB'S TIMELINE OR MINE FOR THE LINK.  UNFORTUNATELY, YOU MUST PAY TO READ IT. YOU CAN RENT IT FOR 48  HOURS FOR SIX BUCKS OR PLUNK DOWN 38 DOLLARS TO DOWNLOAD THE  WHOLE FILE. IF YOU HAVE MORE THAN 10 YEARS LEFT IN YOUR CAREER,  COUGH UP THE 38 DOLLARS. BASICALLY, THE AUTHORS TOOK A CAREFUL LOOK AT THE GROWING PROBLEM  OF WEED RESISTANCE, THE LACK OF ANY NEW MODES OF ACTION IN 30  YEARS, AND FARMER PRACTICES, AND SUGGEST WE TAKE THE SMALL, BUT  VERY REAL CHANCE OF THE END OF EFFECTIVE HERBICIDE WEED CONTROL  MUCH MORE SERIOUSLY THAN WE HAVE BEEN. THIS YEAR COULD BE A MENTAL TURNING POINT FOR MANY OF US, AS RESISTANT WEEDS ARE  RAMPANT ACROSS THE MIDWEST, AND PANDEMIC IN THE SOUTH. GMO  SEEDS MAY HAVE BOUGHT SOME TIME, BUT NOT AS MUCH AS HOPED.  MAKING CROPS TOLERANT TO CHEMICALS DOES NOT ALTER THE FACT THAT  WEEDS ARE DOING SO ON THEIR OWN. NEW MODES OF ACTION OR WAYS  CHEMICALS CAN KILL PLANTS ARE NOT IN THE PIPELINE EITHER, JUST TOLERANT CROPS TO EXISTING HERBICIDES. NOW WHEN YOU FACTOR IN RAPIDLY RISING COSTS FOR BOTH SEEDS AND  HERBICIDES, AND A GRIM OUTLOOK FOR COMMODITY PRICES, THE  ECONOMICS OF OUR WAY OF FARMING WILL SURELY BE TESTED. WHILE THE AUTHORS OUTLINE PRUDENT STEPS TO HUSBAND THE DWINDLING POWER OF  HERBICIDE WEED CONTROL, MY READ OF THEIR RECOMMENDATIONS IS  THEY REQUIRE MORE COOPERATION AND FORESIGHT THAN OUR INDUSTRY  HAS EVER DEMONSTRATED. IMAGINE ONLY BEING ABLE TO BUY YOUR  PREFERRED HERBICIDE EVERY OTHER YEAR, FOR EXAMPLE. MOREOVER, WE  ARE RAPIDLY DISMANTLING THE REGULATORY APPARATUS THAT WOULD  MANAGE SUCH MEASURES. NOR DOES THERE SEEM TO BE THE POLITICAL  WILL OR PUBLIC FUNDS NEEDED TO INDUCE FARMERS TO ACT IN UNISON TO  PREVENT HERBICIDE FAILURE. THERE ARE MANY SOUND REASONS TO  DISAGREE WITH THEIR DOOMSDAY PREDICTIONS. THE ODDS OF THAT  FUTURE, HOWEVER, ARE NOT ZERO. IF YOU AHVE QUESTIONS OR COMMENTS, YOU CAN  CONTACT JOHN BY EMAILING HIM AT MAILBAG AT U-S  FARM REPORT DOT COM.

TEASE
WHEN WE COME BACK, WE'RE OFF A SMALL TOWN IN  THE SHOWME STATE THAT MADE A NAME FOR ITSELF  DURING WORLD WAR 1...AND IT WAS ALL BECAUSE OF  THE COMMUNITY'S ANIMAL POWER. ANDREW MCCREA  HAS THAT STORY AFTER THE BREAK. 

AMERICAN COUNTRYSIDE
EACH YEAR LABOR DAY REMINDS US OF THE  CONTRIBUTIONS WORKERS HAVE MADE TO THE  STRENGTH, PROSPERITY AND OVERALL WELL BEING OF  THE UNITED STATES.  BUT TO APPRECIATE THE CURRENT STATE, WE NEED TO  REFLECT BACK ON HISTORY.  THIS WEEKEND WE TRAVEL THE COUNTRYSIDE WITH  ANDREW MCCREA.  WORLD WAR I CLAIMED THE LIVES OF ABOUT 11 MILLION SOLDIERS, BOTH  FRIEND AND FOE.  THE NATIONAL WORLD WAR I MUSEUM IN KANSAS  CITY TELLS THE STORY OF THAT CONFLICT.  MECHANIZED VEHICLES AND AIRPLANES WERE JUST MAKING THEIR DEBUT ON THE BATTLEFIELD.  IT WAS  A WAR THAT STILL RELIED HEAVILY ON ANIMAL POWER, A FACT THAT HAD  STRONG TIES TO THE AMERICAN HEARTLAND.   (MULES WERE A MAJOR ANIMAL OF TRANSPORT - BEAST OF BURDEN FOR  THE ARMED FORCES, PRIMARILY FOR THE ALLIES. THOSE ANIMALS WERE USED TO PULL ARTILLERY PIECES AND OTHER  SUPPLIES AND WERE USED AS RIDING ANIMALS AS WELL.     THEY WERE  ALWAYS IN DEMAND. (THERE WERE NEVER ENOUGH EVEN WHEN THE AMERICANS STARTED  SUPPLYING MULES AND HORSES.  BUT THE SPANIARDS WERE THE  PRIMARY SOURCE OF MULES AND OF COURSE THEY WERE NEUTRAL SO THEY  SUPPLIED THEM TO BOTH SIDES BUT UNITED STATES BECAME AN IMPORTANT SUPPLIER TOO.  WHENWW I BEGAN, IT'S ESTIMATED THAT GERMANY HAD ABOUT 6 MILLION  HORSES AND MULES AND FRANCE AND ENGLAND COMBINED HAD 4  MILLION.  THE UNITED STATES HAD 25 MILLION.  IN THE U.S. IT WAS A  COMPANY CALLED GUYTON AND HARRINGTON WITH HEADQUARTERS IN  LATHROP, MISSOURI THAT BECAME A MAJOR SOURCE OF ANIMAL POWER.   ESTIL WILLIAMS' FAMILY HAS CENTURY OLD ROOTS IN THE AREA AND HE  REMEMBERS READING A NEWSPAPER ARTICLE AS A KID STATING JUST  HOW BIG THAT OPERATION WAS. (THERE WAS RIPLEY'S BELIEVE IT OR NOT AND ONE ISSUE SAID THE  LARGEST BARN IN THE WORLD IS AT LATRHOP, MISSOURI.  GUYTON AND  HARRINGTONS HORSE AND MULE OPERATIONS THE COMPANY OWNED ABOUT 5000 ACRES OF PASTURE IN THE LATHROP  AREA ALONE - ENOUGH SPACE TO HOUSE 102,000 HORSES AND MULES  AT ONE TIME.  THEY EMPLOYED 500 BUYING AGENTS IN PRACTICALLY  EVERY STATE IN THE UNION.  THERE WAS CERTAINLY A NEED FOR HORSES  AND MULES IN FARMING OPERATIONS, BUT WHEN THE WAR  BEGAN, THE  DEMAND IN EUROPE WAS GREAT. (I WOULD SAY THE BRITISH WERE PROBABLY THE NUMBER ONE BUYER.   THEY HAD RESIDENCES HERE FOR THEM TO STAY WHEN THEY COME  OVER LATHROP WAS A TOWN OF 2000 WITH TWO RAIL LINES BRINING OVER 100  TRAINS A DAY.  STOCK COULD BE UNLOADED AT SEVERAL COMPANY  OWNED FACILITIES ALONG THE MISSOURI AND MISSISSIPPI RIVERS WHERE  THEY COULD EAT AND REST BEFORE CROSSING THE OCEAN.   IDURING THE COURSE OF WWI, GUYTON AND HARRINGTON SOLD BRITAIN  180,000 HEAD OF MULES AND ANOTHER 170,000 HEAD OF HORSES.   TODAY THE BARNS ARE GONE.  A FEW MULES CAN STILL BE FOUND BUT  THE HISTORY LIVES ON. (IT PUT LATHP ON THE MAP EVEN TODAY.  YOU KNOW OF COURSE WE  RITRAVEL DISTANCES ANYMORE AND YOU'LL MENTION YOU'RE FROM  LATHROP, MISSOURI AND THEY'LL SAY, "WELL THAT'S A HORSE AND MULE  TOWN" AND I'M KIND OF SHOCKED SOMETIMES :15) 16:30 THE STOCKYARDS HERE IN LATHROP COULD LOAD OVER 1000 HORSES  AND MULES IN ONE HOUR'S TIME.  THE STOCK ALL HEADED ACROSS THE  OCEAN TO HELP FIGHT THE WAR IN EUROPE. IT WAS AN AMAZING  OPERATION THAT TRULY MADE THIS THE MULE CAPITOL OF THE WORLD.   TRAVELING THE COUNTRYSIDE…IN LATRHOP, MISSOURI, I'M ANDREW  MCCREA.  

TEASE
THANKS, ANDREW. AND TO HEAR MORE OF ANDREW'S  TRAVELS, YOU CAN CHECK THOSE OUT ONLINE AT  AMERICAN COUNTRYSIDE DOT COM. WHEN WE COME BACK, MACHINERY PETE PAYS TRIBUTE  TO A CLASSIC WD-45

TRACTOR TALES
WELCOME BACK TO TRACTOR TALES FOLKS!  WE ARE OFF TO ILLINOIS FOR A  CLASSIC WD-45. THIS ALLIS WAS PURCHASED NEW IN 1955 AND HAS  BEEN ON THE FARM EVER SINCE.  TODAY, AFTER A FACELIFT OR TWO, THIS  CLASSIC ALLIS SHOWS OFF IT'S STRIPES AT LOCAL PARADES.  THIS TRACTOR WAS PURCHASED NEW BY MY FATHER IN LAW HE WASN'T  MY FATHER IN LAW AT THAT TIME BUT ANYHOW NEW BY HIM IN 1955  AND. ITS BEEN ON THE FARM EVER SINCE. THERE WAS A TIME WHEN HE  WAS IN KENTUCKY FOR TWO OR THREE YEARS IN HIS RETIREMENT AND I  TOOK THE TRACTOR TO KENTUCKY FOR HIM AND HIS PASSING I WENT  DOWN. I BROUGHT HIM BACK. AT THAT POINT WE POLISHED IT UP A LITTLE  BIT AND OVERHAULED IT AND. PUT SOME TIRES ON IT. SHE'S JOINED OUR  COLLECTION WITH OUR HEAVY TRACTOR. WE PULLED THE THREE BOTTOM  PLOW AND IT DID A PRETTY REMARKABLE JOB. AND WE DON'T HAVE THE HEAVIEST GROUND BUT IT DID A VERY GOOD JOB AND WE SPENT A LOT OF  HOURS ON IT. THAT CROSSBAR AND THAT'S FOR A WHOLE MIRROR AGAIN FOR  TRACTOR DRIVE AND WE GOT OUR GARMIN MOUNTED THERE AND I MOVED  THE CONTROLS THE AMMETER AND THE SWITCH MOVED UP EASIER FOR  ME TO REACH THAN IT WAS IT WAS DOWN WHERE IT WAS WHEN IT WAS  BUILT. CLUTCHES AND A LOT OF SEALS RADIATOR WORK. WATER PUMP  WORK ALL CLUTCH WORK AND TIRES JUST NORMAL. ROUTINE MAINTENANCE.  YOU KNOW. AND IT'S FALLEN INTO TRUCKERS DRIVE DUTY. I DON'T LIKE  RIDING IT PARTICULARLY BUT I STILL LIKE A TRACTOR WHO IS VERY VERY TOUGH  EASY TO WORK ON. EASY TO HAUL JUST A NICE NICE TRACTOR. 

COUNTRY CHURCH SALUTE
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE GRACE EPISCOPAL CHURCH LOCATED IN CLARSVILLE,  MISSISSIPPI. STARTED IN 1869 BY A GROUP OF ABOUT 20  COMMUNITY MEMBERS. TODAY, THE CHURCH IS NO  LONGER A PLACE OF WORSHIP, BUT INSTEAD A HOME,  REMODELED ON TEH INSDIE BUT MAINTAINED IN IT'S  ORIGINAL STATE ON THE OUTSIDE.  AS ALWAYS WE WANT TO LEARN ABOUT YOUR HOME  CHURCH AS WELL... SALUTES CAN BE SENT TO THE  ADDRESS ON THE SCREEN.  STAY WITH US - FROM TEH FARM PHOTOS ARE NEXT.

FROM THE FARM
WELCBOME BACK. WELL, MAINE WILD BLUEBERRY  HARVEST WRAPPED UP THIS WEEK. KATIE YEATTS TELL  US WILD BLUEBERRIE ARE A SMALL, HEARTY BERRY  THAT'S THRIVED IN TEH HARSH CLIMATES OF MAINE,  EASTERN CANDANA AND QUEBEC FOR THOUSANDS OF  YEARS.  SHE SAYS THIS YEAR WAS TOUGH, AS IT'S BEEN  EXTREMELY DRY IN DOWNEAST MAINE. BUT  THANKFULLY THEY HAVE 5 THOUSAND ACRES OF  IRRIFATED LAND, AND IT'S THAT WATER THAT REALL  HELPED BOOST YEILDS THIS YEAR. ANY LAND THAT  WASN'T UNDER IRRIGATIWAS OFF BY MORE THAN 50  PERCENT FROM PREVIOUS YEARS' YIELDS.  IT'S A VERY LABOR INTENSIVE CROP, WITH A TOTAL OF  166 PEOPLE HARVESTING DURING THE PEAK OF  HARVEST. AND ONE OF THOSE TOTES WEIGHS 300  POUNDS.  AND CONGRATUATLIONS TO OUR FACEBOOK COVER  PHOTO WINNER, RICHARD WRIGHT. HE CAPTURED THIS  MISSISSIPPI DELTA COTTON FIELD AT SUNSET. 

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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