USFR Weekly Recap - July 2-3, 2011

July 5, 2011 04:16 AM
 

THIS WEEK ON U.S. FARM REPORT
EPISODE #1977
JULY 2-3, 2011

THANKS A LOT, AL. THOSE TWO BIG REPORTS PROVED TO BE MAJOR MARKET MOVERS. IN THE MARKET UPDATE, USDA IS CALLING FOR THIS YEAR, SECOND HIGHEST TOTAL ON RECORD. STATES SEEING JUMPS INCLUDE IOWA, NEBRASKA, BOTH DAKOTAS AND OHIO. WHEAT IS UP 5% AND COTTON, 25%. THE CORN STOCKS REPORT WAS THE OTHER BIG NEWS MAKER. TRADERS WERE EXPECTING THAT NUMBER TO BE AROUND 3 BILLION- BUSHELS. IT'S PEGGED AT UNDER 3.7 BILLION. THAT MEANS EXTRA STOCKS ARE IN THE SYSTEM. ANALYSTS WILL GATHER IN JUST A FEW MINUTES TO BREAK DOWN BOTH REPORTS. SOUTH KOREA HAS FINALLY LIFTED THE BAN ON CANADIAN BEEF. IT WAS IMPOSED FOLLOWING THE CONFIRMATION OF MAD COW DISEASE. UNDER AN AGREEMENT THE KOREAN GOVERNMENT ALLOWED --IT WAS THE LAST MAJOR GOVERNMENT WITH A BAN IN PLACE. CANADA HOPES TO RESUME IMPORTS BY THE END OF THE YEAR.

A SPRING FILLED WITH EXTREME WEATHER ACROSS THE COUNTRY IS SHOWING NO SIGNS OF EASING. DROUGHT CONDITIONS IN THE SOUTHWEST WILL GET WORSE BEFORE GETTING ANY BETTER. ACROSS THE NORTHERN HALF TO TWO-THIRDS OF THE WEST, CONDITIONS ARE FAVORABLE FOR SUMMER WATER SUPPLY, BUT IN THE SOUTHWESTERN STATES OF ARIZONA, NEW MEXICO, WE'VE GOT SERIOUS DROUGHT ISSUES AND POTENTIAL FOR WILDFIRES. IF WE HAVE A GOOD STRONG MONSOON, THAT COULD HELP DAMPEN THE SYSTEM. IF NOT, WE'LL CONTINUE TO HAVE PROBLEMS THROUGHOUT THE SUMMER IN ARIZONA AND NEW MEXICO.

EARLIER THIS SPRING, THE ARMY CORP OF ENGINEERS BLEW A HOLE IN A LEVEE. AS THE WATERS RECEDED, THE TOPSOIL WENT WITH IT, CUTTING DEEP SCARS AND FILLING IN DITCHES THAT ARE NEEDED TO MOVE WATER OUT AND AWAY FROM THE CROPS. IT'S LIKE SOUP, TRYING TO DIP SOUP WITH A FORK. IT'S PRETTY TOUGH. WE HAVE TO PAY FOR IT NOW. WELL, OF COURSE, HOPEFULLY THEY WILL COME BACK AND REIMBURSE US. WE DON'T HAVE ANY GUARANTEES, BUT THAT'S WHAT WE'RE HOPING FOR, SINCE THEY BLEW IT, HOPEFULLY THEY WILL HELP US CLEAN IT UP.

THOSE ARE THE HEADLINES. BACK TO AL FOR CROP WATCH . CROP WATCH THIS WEEK IS A THREE- STATE SWING. OKLAHOMA GROWER SAYS IT LOOKS LIKE SWEET CORN WAS PLANTED BY MISTAKE IN THIS PART OF THE STATE. MOST OF THE CROP IS SHORT, AROUND 5 FEET TALL. THEY WENT FROM HOT TO COOL AND WET TO DRY IN A WEEK. IN GEORGIA, NEARLY 70% OF TOPSOIL MOISTURE IS SHORT OR VERY SHORT. A CROP REPORTER SAYS CROPS ARE SO STARVED FOR WATER IT'S AMAZING WHAT TWO THEMSELVES -- TWO TENTHS OF WATER CAN DO. WHEN WE COME BACK, BILL BIEDERMAN IS HERE TO TALK MARKETS. OUR DISCUSSIONS BEGIN IN TWO MINUTES. PLEASE STAY WITH US.

OUR GUEST TODAY, BILL BIEDERMAN. LAST THURSDAY, THE GOVERNMENT COME UP WITH A REPORT. THIS REPORT YOU TOLD US OFF CAMERA A BIT AGO, WAS THE MOST --YOU DIDN'T USE THE TERM EXPLOSIVE, BUT THAT'S WHAT I HEARD IN MY MIND. WHAT WAS THE TERM YOU USED, BILL?

I DON'T EVEN REMEMBER. IT WAS JUST A JAW DROPPER. OKAY. SOME OF THE NUMBERS HIT THE RECORD BOOKS AS FAR AS DEVIATIONS FROM PREVIOUS MONTHS, DEVIATIONS OVER HISTORICAL AVERAGES.

WE'VE NEVER HAD A REPORT THIS FAR OFF THE NORMAL MIND- SET BEFORE; CORRECT?

I DON'T BELIEVE WE'VE EVER HAD A STOCK REPORT DEVIATE THAT MUCH. I THINK IT'S GOING TO BE THE LARGEST FEAT ADJUSTMENT IN HISTORY.

THAT'S AFFECTING THE MARKETS. THAT'S NO QUESTION ABOUT IT. GIVE US A LITTLE BIT ABOUT WHAT HAPPENED THIS WEEK.

WE HAD A MID SESSION WEEK RALLY. SO THE 80-CENT LOWER DROP IN CORN RESULTED IN A 30-CENT DROP FOR THE WEEK, SO WE'RE LUCKY WE HAD A RALLY MIDWEEK. BEANS, HOWEVER, ENDED UP ABOUT THREE TO FOUR HIGHER ON THE WEEK. WHEAT WAS DOWN 50 CENTS, JUST DEVASTATED. THIS CAUGHT THE FUND INDUSTRY TOTALLY OFF GUARD. IT WAS LOADED UP. THEY'RE GOING THROUGH MASSIVE LIQUIDATION. LETTING THE WHOLE BARN OUT AT ONCE. YOU ONLY DO THAT ONCE, WHEN YOU'VE GOT A NEW HIRED HAND.

MY WORD WOULD BE CONTENTIOUS. I JUST REALLY DON'T SEE IT WHEN YOU LOOK AT THE NUMBERS. I'M NOT BEING A WHINER BECAUSE I WANTED TO BE BULLISH OR BEARISH. I THINK IT'S GOOD FOR A LOT OF THE END USERS, SO NO PROBLEM WITH THAT. IT GIVES OUR MARKET A CHANCE TO GET HEALTHY AND BUY STUFF, BUT THERE'S A PERCEPTION THAT WE HAD A FLOOD IN A FEW AREAS.

YEAH.

AND WE HAD SOME WEATHER PROBLEMS. SO THE ACRES TO ME, WHETHER IT WAS --TOOK A COUPLE MILLION OUT OF IT HERE A FEW WEEKS AGO. THEN WE ADD THEM BACK IN TODAY. I DIDN'T THINK THAT WAS WHAT WE WOULD BE DEALING WITH TODAY, AND THE STOCKS, I HAVE NO IDEA HOW WE REALLY COME TO THOSE NUMBERS. I CAN SEE WHERE $7 CORN RATIONS GRAIN. THAT'S OBVIOUS THAT CAN HAPPEN, BUT TO GO 44% BELOW A YEAR AGO AND HAVE THE LOWEST SINCE '75, I THINK IT'S PROBABLY NOT MINUS 350. IT MIGHT BE 100 OR 200.

YOU'RE ACTUALLY QUESTIONING THE VALIDITY OF THE NUMBERS THAT WERE RELEASED. DO I UNDERSTAND THAT CORRECTLY?

I HAVE A HARD TIME LOOKING AT THE NUMBERS AND THE INSURANCE CLAIMS IN NORTH DAKOTA IS FOR LIKE 6 MILLION ACRES. SO THEY'RE GOING TO DO SOME READJUSTING, BUT I DON'T GET IT. I HAVE A REAL HARD PROBLEM WITH IT.

YOU DON'T AGREE WITH THE NUMBERS?

THE INDUSTRY KNOWS WHAT'S GOING ON.

OKAY.

AND THERE'S GOING TO HAVE TO BE REVISIONS. THERE’S NO QUESTION ABOUT IT. HOW MANY COUNTIES REPORTED THAT WE'RE GOING TO FLOOD 100,000- ACRES THIS WEEK BECAUSE WE'RE GOING TO BLOW UP A LEVEE. THAT'S A MILLION ACRES RIGHT THERE. NOT ONLY DID THEY RAISE THE PLANTED ACRES, BUT THEY KEPT THE PERCENTAGE OF HARVESTED ACRES AT A NORMAL PERCENT TO PLANTED. THERE'S NO WAY WHEN WE'RE FLOODING OUT A MILLION ACRES THAT WE'RE GOING TO HARVEST A NORMAL PERCENTAGE. AM I WRONG?

I AGREE. WE HAD A FLOOD ON THE MISSOURI ALL THE WAY TO OMAHA AND NORTH. WE FLOODED THE MISSISSIPPI, THE OHIO VALLEY.

SO WHAT WE'RE SAYING IS THERE'S GOING TO BE REVISIONS BECAUSE THE INDUSTRY KNOWS WHAT'S GOING ON. AND THE FARMER KNOWS WHAT'S GOING ON. IT'S JUST GOING TO TAKE TIME FOR THE GOVERNMENT TO CATCH UP AND MAKE THESE RESERVATIONS.

A LOT WERE SAYING I'M NOT GOING TO BE ABLE TO RAISE WHAT THEY'RE TELLING ME ON MY FARM.

I WOULD AGREE WITH ONE PART OF MY GOVERNMENT. WE TRIED TO PLANT A LOT OF ACRES. GUYS IN OHIO WOULD HAVE PLANTED STUFF LATE, BUT THEIR YIELD PROSPECTS WENT DOWN SIGNIFICANTLY. WE'RE GOING TO HAVE 120 AND 140- BUSHEL CORN OUT THERE. GOING TO THE DAKOTAS, I DON'T EVEN KNOW WHAT THAT WOULD BE. I THINK WE'RE GOING TO SEE YIELD CUTS TOO.

IT WON'T BE 158, BUT THE GOVERNMENT HAS NOT GONE OUT AND STARTED ASSESSING YIELDS. THEY WON'T DO THAT UNTIL JULY WHEN THEY'RE IN THE FIELD DOING THEIR FIRST SURVEY AND IN AUGUST WHEN THEY'RE DOING THEIR SECOND SURVEY. THAT'S WHEN YOU GET A BETTER IDEA OF WHAT THE YIELD IS.

WHAT I WANT TO DO IS HAVE YOU TELL ME WHAT THAT'S GOING TO MEAN FOR AGRICULTURE IN THE FUTURE. WE'RE BACK WITH US FARM REPORT IN JUST A MOMENT. ROUND TABLE GUESTS THIS WEEK, BILL BIEDERMAN AND ANDY SCHISSLER. WE WERE TALKING ABOUT SOME OF THE POSITIVE THINGS THAT MIGHT BE HAPPENING BECAUSE OF THIS REPORT, WHETHER WE AGREE WITH IT OR NOT. ONE OF THE THINGS I ASKED YOU --I KNOW YOU KNOW A LOT ABOUT --CHINA --WILL THEY BUY MORE.

I THINK IT'S --A LOT OF USERS EVERYWHERE. WHETHER IT BE CHINA, FEEDERS. IT'S A GOOD THING. AS FAR AS CHINA GOES, ALL U.S. CORN IS BELOW THEIR DOMESTIC PRICE, EVEN WITH THE TAXES IN THERE, THEY CAN BUY A LOT OF U.S. CORN. FROM MY KNOWLEDGE, I THINK YOU COULD SEE SUBSTANTIAL PURCHASES HERE. I THINK WE SAW QUITE A BIT OF CORN MOVE WHEN THE JAPANESE HAD A PROBLEM. THEN YOU HAVE A HARD BREAK IN THE SUMMER WHERE PRICES NEXT YEAR ARE QUESTIONABLE. IT'S A GOOD MOVE TO BUY GRAIN. YOU SAW THEM BUY GRAIN THIS WEEKEND. I THINK YOU CAN SEE THEM BUY MORE NEXT WEEK. IT WILL BE ABOUT FIVE TIMES MORE THAN PEOPLE THING.

THAN --PEOPLE THINK.

I THINK PRICES STAY DOWN. IT WORKS IN THEIR COUNTRY. THEY CAN BY A LOT OF CORN JUST LIKE THEY BUY BEANS.

IS THAT POSITIVE?

THIS BREAK IS A POSITIVE THING FOR AGRICULTURE. THE PRICES WENT DOWN.

YEAH, AL, IF WE WOULD HAVE JUST CONTINUED TO GO UP AND HIT $9, WE WOULD HAVE SHUT OFF DEMAND FOR TWO YEARS. WE'VE EXPERIENCED THAT BEFORE. THIS SELL OFF CAME AT A TIME -- FARMERS ARE ALL GOING TO MAKE MONEY. THEY ALL SHOULD HAVE SOLD ENOUGH TO COVER ALL OF THEIR INPUTS. THIS BREAK IS BUYING DEMAND BACK SO FAST. ALL OF OUR END USERS ARE NOW EXTENDING INTO THE 4th QUARTER. THEY'RE HAPPY. LIKE GREG SAID, IF CHINA IS COMING BACK AND BUYING, THIS MARKET IS GOING TO HAVE FEET UNDER IT. THE INDUSTRY KNOWS WHAT'S GOING ON OUT IN THE COUNTRY. THEY'RE GETTING IN POSITION TO TAKE ADVANTAGE OF THIS PRICE BREAK. WHEN FARMERS ARE GOING TO BE SELLING DOWN HERE. I THINK THIS IS A PLACE WHERE YOU'RE GOING TO SEE END USERS BUYING.

SO THE END USER, THAT'S SUPPLY AND DEMAND. THEY'RE RELIEVED TO SAY THE LEAST. YEAH.

AND THE FARMER RIGHT NOW SHOULD BE HAPPY THAT WE'RE SPENDING TIME ON BOTH SIDES OF THE MARKET, WHERE THE END USER GETS TAKEN CARE OF, THE FARMER GETS TAKEN CARE OF, WE GO BACK AND FORTH AND NOW THE FARMER NEEDS TO SIT BACK AND SEE WHAT THE CROP IS GOING TO BE.

IF WE HAD HUGE SUPPLIES LIKE THE STOCK NUMBERS SUGGESTED, OUR BASIS WOULD BE COLLAPSING, BUT IT'S NOT COLLAPSING. THAT'S TELLING US THE FARMER HAS LIMITED SUPPLY TO SELL AND THE DEMAND IS THERE ON THE BREAK.

AND THE BASIS IS THERE. SO THEY CAN TAKE ADVANTAGE OF THOSE WHEN THEY CAN.

THE FARMER CAN TAKE ADVANTAGE OF THE BASES. WHEN YOU'RE STORING IT AND THERE'S A NEED, THAT'S A GOOD THING.

IS THERE A DOWN SIDE TO THIS? BECAUSE WE HAD THE BREAK AND THE GOVERNMENT IS GOING TO HAVE TO RELEASE SOME OTHER KIND OF REPORT AND ADJUST SOME OF THOSE FIGURES DOWN THE ROAD, DOES THAT MEAN WE'RE GOING TO GO UP AGAIN OR DO WE KNOW?

THE BIG THING THAT HAPPENS IS THEY LOSE THEIR MONEY AND THEY MAY NOT BE INTERESTED THE TRADING THE MARKET SO QUICK.

IT MIGHT TAKE YOU TIME TO GET GOING AGAIN. WE PUT PEOPLE ON MARGIN CALL THIS LAST WEEK AND IT'S BEEN PRETTY TOUGH. I THINK WE CAN PUT THINGS TOGETHER, AS FAR AS A MARKET GOES. MAYBE IT WON'T TAKE AS LONG AS WE THINK.

THIS IS A POSITIVE REPORT BECAUSE PEOPLE ARE GOING TO BE ABLE TO COME THROUGH, AND IT ALSO CREATES DEMAND. WHO GOT HURT IN THIS? WAS IT THE OUTSIDE MONEY OR WAS THERE ANYBODY HURT BY THIS REPORT?

I THINK EVERYBODY GOT HURT. WHEN YOU'RE MOVING CORN,, 88- CENTS IN ONE DAY, MY WIFE LOOKED AT ME AND SAID, I THINK YOU'RE HURT. EVEN IN OUR POSITION, WE'RE HEDGING, YOU'RE THINKING HOW CAN I ADJUST MY HEDGE TO TAKE ADVANTAGE OF THIS.

PEOPLE PUT HEDGES ON THE REPORT FOR FEAR IT WAS GOING TO RISE AND NOW THEY HAD CORN HIGHER THAN EREWISE. ICE NOT JUST CUT AND DRY.

SO AGRICULTURE STILL VERY POSITIVE?

PLACE TO BE.

WE'LL BE BACK WITH MORE U.S. FARM REPORT IN JUST A MOMENT. WE'RE GOING TO HAVE MORE OF THE SMART STACKS OUT THERE AND YOUR YIELD SHOULD GO UP. IT WILL BE STANDING BETTER AND IT WILL HAVE BETTER INSECT CONTROL.

WELCOME BACK TO U.S. FARM REPORT. I'M MIKE HOFFMAN AND THIS IS A YEAR OF THE HAVES AND HAVE- NOTS. WE'VE HAD TOO MUCH RAIN IN THE PLAINS AND BOY YOU GET TO TEXAS, EXCEPT THE NORTHEAST CORNER. THIS BROWN COLOR HERE IS EXTREME DROUGHT SITUATIONS. SO MOST OF WEST TEXAS, MOST OF THE SOUTHERN TWO-THIRDS OF NEW MEXICO, MOST OF SOUTH TEXAS AND THE GULF OF MEXICO, A SHORELINE INTO GEORGIA, AN AWFUL SITUATION. THE DROUGHT MONITOR CONTINUING TO BE A BAD SITUATION IN MANY PARTS OF THE SOUTHERN SECTIONS OF THE COUNTRY. THE JET STREAM DOESN'T SHOW A LOT OF HOPE. WE'RE GOING TO START TO GET INTO THESE SYSTEMS. THERE'S A CHANCE AS WE HEAD THROUGH THE WEEK FOR SOMETHING TO DEVELOP AGAIN OVER THE GULF. THE LAST ONE STAYED SOUTH OF THE TEXAS. YOU CAN SEE THE BIG RIDGE OUT WEST. NOT A LOT OF GOOD NEWS FOR THE SOUTHERN STATES EXCEPT FOR THE TROPICAL MOISTURE THERE. YOU CAN SEE THE GREAT LAKES AND THE PLAINS. WE'LL SEE COOLER AIR AND THAT MAY COME INTO NORTHERN DIXIE AS WE HEAD INTO NEXT WEEKEND. THAT WILL AT LEAST CAUSE SOME SEVERE SHOWERS AND THUNDERSTORMS. LET'S CHECK THINGS OUT ON THE DAY BY DAY HERE. YOU CAN SEE FOR THE ACTUAL HOLIDAY, THE FOURTH OF JULY, WE'RE LOOKING AT SCATTERED SHOWERS IN THE PARTS OF THE OHIO VALLEY. SOMETIMES YOU GET COMPLEX THUNDERSTORMS MOVING THROUGH THAT TYPE OF A FRONT. HIGH PRESSURE CAUSING DRY CONDITIONS. ALTHOUGH WE'RE STARTING TO SEE THE TYPICAL MOISTURE THIS TIME OF YEAR FOR PARTS OF THE SOUTHERN ROCKIES INTO THE CENTRAL ROCKIES. NEXT SYSTEM WILL CAUSE SOME ON WEDNESDAY. AS YOU CAN SEE BY FRIDAY, THE COOLER AIR STARTS TO DOMINATE THAT AREA WITH SCATTERED THUNDERSTORMS DEVELOPING IN THE SOUTHEAST. WE'LL BE BACK WITH MORE USFR RIGHT AFTER THIS. WELCOME BACK. WE WRAP UP THIS HALF HOUR WITH JOHN'S WORLD AND THE TOPIC, FOOD SAFETY.

MANY OF THE NEWS STORIES WE SHARE ON U.S. FARM REPORT HAVE TO DO WITH FOOD SAFETY, FROM E. COLI TO PESTICIDES, CONTAMINANTS ARE BROUGHT TO THE PUBLIC WITHOUT MUCH CONTEXT. THE CONCERN IS PREDICTABLE. ALL THIS NEW INFORMATION HAS CONVINCED US OUR FOOD IS NOT AS SAFE AS IT USED TO BE. DATA SHOWS US THIS IS EXACTLY THE WRONG CONCLUSION. AS RECENTLY AS 1900, FOOD WAS THE LARGEST HEALTH THREAT MOST PEOPLE FACED. FOOD SAFETY, JUST LIKE ALL RISKS HAVE BEEN CHALLENGED BY AN ATTITUDE OF ZERO TOLERANCE. THIS POSITION IS USED TO FOSTER AN IMAGE OF VIRTUOUS UNYIELDING OPPOSITION TO OBJECTABLE EVENTS TO SPOUSAL ABUSE TO TEXTING AND DRIVING. MOST PROBLEMS CANNOT BE DRIVEN TO ZERO RISK, EVEN WHEN CHILDREN ARE INVOLVED, WHICH IS WHEN STANDARDS SEEM TO BE -- SOMEHOW WE BOUGHT THE IDEA THAT PASSING A LAW CURES SAFETY PROBLEMS. BUT THE ZERO TOLERANCE POLICIES FOR CHILDREN BRINGING A PLASTIC KNIFE TO CUT THEIR LUNCH AND PRISONS OVERFLOWING, I PREDICT WILL BE FORCED TO FACE UNRELIST TAKE SAFETY PREDICTIONS. COMPARED TO THE PAST AND POSSIBLE, WE'RE DOING A REMARKABLY GOOD JOB. THE KEY IS TO WATCH FOR CONSTANT IMPROVEMENT.

LET US KNOW WHAT YOU THINK. SEND E-MAILS TO MAILBAG AT USFARMREPORT.COM OR YOU CAN CALL AND LEAVE US A VOICE MAIL. COMING UP IN OUR NEXT HALF HOUR, FARMERS FEEDING THE WORLD SETS UPSHOT AT THE TASTE OF CHICAGO. STAY WITH US. THE SECOND HALF HOUR OF U.S. FARM REPORT IS COMING RIGHT UP. THIS IS A SPECIAL PRESENTATION OF FARM JOURNAL TELEVISION

WITH A SOARING SKYLINE SERVING AS THE BACKDROP, MILLIONS OF PEOPLE WILL FLOCK TO CHICAGO'S GRANT PARK FOR THE TASTE OF CHICAGO. GOOD MORNING. I'M CLINTON GRIFFITHS. WELCOME TO FARMERS FEEDING THE WORLD. THIS TEN-DAY FESTIVAL IS ALL ABOUT FOOD. WHAT BETTER PLACE FOR RANCHERS AND FARMERS TO SHOWCASE THEIR FOOD SUPPLY THAN AT THIS VENUE.

THE CITY HAS HOSTED THIS TEN- DAY EXTRAVAGANZA. IT INVITES PEOPLE TO COME AND SAMPLE FOOD FROM SEVERAL VENDORS. IT REFLECTS A GLOBAL INFLUENCE. IT'S THAT INFLUENCE THAT BRINGS OUR CAMPAIGN TO THE TASTE.

WHEN WE SET OUT, TASTE OF CHICAGO WAS THE SUPER BOWL OR MECCA OF PLACES FOR A NUMBER OF REASONS. ONE, IT'S THE TASTE OF CHICAGO. THE ENTIRE FESTIVAL IS FOCUSED AROUND FOOD. OBVIOUSLY WE WANT TO CONNECT CONSUMERS WHERE THEIR FOOD COMES FROM. THE OTHER REASON IS THE SHEER SIZE. WE'RE IN DOWNTOWN CHICAGO, IN GRANT PARK. THERE'S GOING TO BE 3 MILLION PEOPLE COMING THROUGH THE GATES TO SAMPLE THE FESTIVAL.

THIS WAS LAUNCHED LATE LAST YEAR. IT'S CLEAR, FEED THOSE IN IMMEDIATE NEED AND TEACH THE HUNGRY HOW TO FEED THEMSELVES. TO DO SO, WE REQUIRE THE EXPERTISE OF LEADING AGRICULTURE TO LEAD THE WAY. THIS EXHIBIT SHOWS THAT FARMING AND FEEDING PEOPLE GO HAND IN HAND.

PEOPLE HAVE A DISCONNECT OF THOSE TWO THINGS, THAT FARMING AND FEEDING THE WORLD GO TOGETHER. THROUGH THE EXHIBIT WE TRY TO TAKE PEOPLE THROUGH AN EXPERIENCE THEY CAN UNDERSTAND A LITTLE BIT ABOUT HOW THAT FOOD CAME ABOUT AND HOW FARMING IN MODERN AGRICULTURE PRODUCTION IS GOING TO BE ABLE TO FEED THE 6 BILLION PEOPLE WE HAVE ON THE PLANET TODAY OR THE 9 BILLION ON THE PLANET BY 2050.

WE KNOW THIS SUCCESS DEPENDS ON EFFORTS HERE AT HOME.

AND FFA, OVER THE LAST DECADES, THIS YOUTH ORGANIZATION HAS STEPPED UP ANYTIME THE NEED ARISES.

CHICAGO PUBLIC SCHOOLS ARE JOINING US TODAY AT THE FEEDING THE WORLD EXHIBIT.

I THINK SINCE AGRICULTURE IS FARM AND PEOPLE THINK ANIMALS AND STUFF. THEY DON'T KNOW IT'S MORE THAN. THAT WHAT WE WEAR, WHAT WE EAT, EVERYTHING IS AGRICULTURE.

SHE'S ONE OF 600 STUDENTS AT THE CHICAGO HIGH SCHOOL FOR AGRICULTURE SCIENCES. AG HIGH IS A MAGNET SCHOOL AND ONLY LOTTERY WINNERS GET IN THE DOOR.

WHEN I CAME TO THIS SCHOOL I WAS LIKE, REALLY? REALLY? WORKING ON A FARM? NOW IT'S DIFFERENT. I ACTUALLY LIKE IT. YOU GET TO LEARN MORE ABOUT WHAT --WHERE FOOD COMES FROM.

CHICAGO'S AG HIGH IS SITUATED ON A 72-ACRE FARM WITHIN THE CITY LIMITS. ALL STUDENTS ARE MEMBERS OF FFA WHICH OPENED THEIR EYES TO THE REALITIES OF AMERICAN AGRICULTURE.

AT FIRST I REALLY THOUGHT AGRICULTURE WAS MOSTLY FARMING, BUT AS WE PROGRESS INTO THE YEAR, WE LEARN THAT AGRICULTURE IS PRETTY MUCH THE FUNCTION OF ALL THINGS. YOU NEED IT TO LIVE, CLOTHES, FOOD, SHELTER.

I'M GLAD PEOPLE RECOGNIZE THAT WE HAVE A PROBLEM AND THAT WE'RE TRYING TO ADDRESS IT.

WHETHER IT'S HERE AT HOME OR THOUSANDS OF MILES AWAY, FARMERS SHARE A COMMON BOND, UNCERTAINTY IN THE WEATHER. THAT'S ESPECIALLY TRUE THIS YEAR WHEN MASSIVE FLOODS HAVE WIPED OUT MILLIONS OF ACRES OF FARMLAND. WHEN YOU'RE WATCHING YOUR LIVELIHOOD GET SWEPT AWAY, IT'S EASY TO FORGET NEEDS OF PEOPLE ON THE OTHER SIDE OF THE GLOBE, BUT WE MET ONE MISSOURI FARMER WHO'S WILLING TO PUT HIS STRUGGLES ASIDE AND GIVE TO OTHERS IN NEED. IN EARLY MAY 2011, THIS WAS ED MARSHALL'S FARM FROM THE AIR. THIS IS WHAT HIS 8,000-ACRES ALONG THE MISSISSIPPI RIVER LOOK LIKE FROM THE FOUND.

WATT ZERO NOT AS HIGH AS I EXPECTED.

BUT HIGH ENOUGH TO PUT HIS FARM AND CROPS UNDERWATER. THEY BLEW THE LEVEE IN SOUTHEAST MISSOURI TO RELIEF THE TOWNS. MARSHALL'S FIELD DISAPPEARED BENEATH THE WATER.

WE DON'T KNOW WHAT KIND OF SHAPE THE INFRASTRUCTURE IS GOING TO BE IN. TODAY HE KNOWS AS THE WATER HAS RESEEDED, THE TOPSOIL IN ED'S FIELD WENT WITH IT.

AS THE WATER WAS RESEEDING IS WHEN WE GOT MOST OF THIS SCOUR AND WITH SUCH VELOCITY IT TOOK A LOT OF THE TOPSOIL WIT.

BARNS ARE RIPPED APART AND THIS IS WHAT'S LEFT OF THE HOMES IN THE AREA. ED IS ALSO BURNING WHAT'S LEFT OF THIS YEAR'S WHEAT CROP. $750,000 DROWNED OUT AND NOW UP IN SMOKE, BUT ED WOULDN'T BE ANYWHERE ELSE.

IT'S IN MY BLOOD, IN MY FINGERNAILS. I DON'T KNOW. IT'S A WAY OF LIFE.

WHICH IS WHY HE KNOWS HE'LL BE BACK IN THE TRACTOR SOON AND WHY HE'S DONATING TO FARMERS FEEDING THE WORLD. HE BELIEVES THAT ACCESS TO FOOD IS SOMETHING MANY AMERICANS TAKE FOR GRANTED.

HOW BLESSED THEY ARE TO LIVE HERE THAT THEY DON'T HAVE TO THROW A SACK OVER THEIR BACK AND HAUL IT 50-MILES TO GET SOME CEREAL TO THEIR KIDS TO EAT. WE LIVE IN A GREAT COUNTRY. I THINK THAT, YOU KNOW, BY US TRYING TO HELP FEED PEOPLE, I THINK WE'LL MAKE A LOT MORE FRIENDS THAN WE WILL ENEMIES.

EVEN AT A TIME WHEN HIS LIVELIHOOD SEEMS BURIED UNDER WATER AND EARTH, ED IS GIVING ANYWAY. HE KNOWS IT'S HIS LIVELIHOOD THAT'S HELPING GIVE LIFE TO PEOPLE AROUND THE WORLD.

WHEN FARMERS FEEDING THE WORLD CONTINUES, YOU WILL LEARN ABOUT AN ORGANIZATION HELPING TO FEED THE POOREST OF THE POOR IN COUNTRIES AROUND THE WORLD, BUT THEY'RE GIVING FARMERS TOOLS THEY NEED TO SUCCEED.

AND HOW THEY'RE CREATING MACHINES AND TOOLS TO HELP FARMERS TAKING A CULTURE TO A NEW LEVEL.

THIS SPECIAL EDITION OF AGDAY TELEVISION IS BROUGHT DO YOU BY FARMERS FEEDING THE WORLD AGRICULTURE LEADING THE WAY IN FEEDING A HUNGRY PLANET. LEARN MORE, GIVE GENEROUSLY, DREAM HUGE WITH US. WELCOME BACK TO FARMERS FEEDING THE WORLD, COMING TO YOU FROM THE TASTE OF CHICAGO FOOD FESTIVAL. THEY'RE WORKING TO SHED THE LIGHT ON THE HUNGER DILEMMA AND THE WORK THAT SURROUND IT. PART OF THAT IS SUPPORTING THE GROUPS THAT WANT TO LIFT PEOPLE OUT OF HUNGER. ONE ORGANIZATION IS THE WORLD FOOD PROGRAM.

USING RUDIMENT TRI-TOOLS TO --SOIL, THESE FARMERS ARE GROWING FOOD FOR THEMSELVES AND OTHERS. THESE PRODUCERS ARE PART OF AN EFFORT CALLED P FOR P. PURCHASE FOR PROGRESS. IT WAS LAUNCHED IN 2008.

THIS IS PART OF OUR PURCHASE FOR PROGRESS PROGRAM WHERE WE'RE WORKING WITH LOCAL FARMERS THROUGHOUT AFRICA AND THE WORLD TO MAKE SURE WE'RE MAKING FOOD AID A PRODUCTIVE INVESTMENT IN A COMMUNITY WHEREVER POSSIBLE.

THE GOAL IS TO CONNECT SMALL SCALE FARMERS TO MARKETS THAT CAN IMPROVE THE QUALITY AND SUPPLY OF THEIR PRODUCTS. WORLD FOOD PROGRAM HAS CONTRACTED TO BUY 170,000 METRIC TONS OF FOOD FROM SMALL FARMERS. THOSE PURCHASES HELP SAVE THE ORGANIZATION $22 MILLION. IT'S NOT ABOUT HANDOUTS BUT HELPING PROVIDE FARMERS WITH THE TOOLS AND KNOWLEDGE THEY NEED TO GROW CROPS AND CREATE A MARKET.

IF WE CAN BUY FROM THESE FARMERS, THEY HAVE A SECURE INCOME. NOT ONLY THAT, THEY'RE THE ONES HELPING THE HUNGRY IN THEIR OWN COMMUNITIES. WE REALLY FEEL THIS IS AN IDEAL EVOLUTION OF FOOD ASSISTANCE TO MAKE IT MORE LIFE SAVING BUT ALSO TO MAKE IT PART OF A SUSTAINABLE SOLUTION TO HUNGER.

ANOTHER SOLUTION, THE RED CUP PROGRAM. ACCORDING TO WFP, IT TAKES 25- CENTS TO FILL ONE OF THE CUPS TO GIVE KIDS REGULAR SCHOOL MEALS, PERHAPS THE ONLY MEAL THESE KIDS GET EACH DAY. THIS FOOD WILL FEED BODIES AND MINDS AND TRANSFORM LIVES.

THE 25-CENTS THAT FILLS THIS CUP PROVIDES THE FOOD IN THE CUP. IT PROVIDES DEWORMING. IT PROVIDES EDUCATION ABOUT HEALTH AND PROPER EATING. SOMETIMES IT'S A TAKE-HOME RATION, BUT BEYOND THAT, WHEN A CHILD RECEIVES A MEAL LIKE THAT, IT MEANS THEY WOULD HAVE ATTENDED SCHOOL WHERE THEY WOULDN'T HAVE OTHER WISE. THEY'RE MORE LIKELY ULTIMATELY TO BE PRODUCTIVE AND TO BE CONTRIBUTING ECONOMICALLY AND OTHER WAYS TO SOCIETY.

THE WORLD FOOD PROGRAM FIGHTS HUNGER WORLDWIDE, DELIVERING FOOD WHEREVER AND WHENEVER THEY NEED IT MOST. THEY FEED 90 MILLION PEOPLE IN --COUNTRIES. IT'S RELYING ON ORGANIZATIONS LIKE FARMERS FEEDING THE WORLD.

FOR THEM TO DIRECTLY OR INDIRECTLY BEING A PART OF SHARING THAT PRODUCE WITH PEOPLE WHO NEED IT, THERE'S SOMETHING THAT FEELS RIGHT ABOUT THAT, THAT'S POWERFUL ABOUT THAT. WE REALLY BELIEVE FARMERS CAN BE PART OF THE SOLUTION.

THIS IS WES MILLS REPORTING. YOU SAW IN THAT STORY FARMERS USE RUDIMENTARY TOOLS.

COMING UP, WE'LL TAKE A LOOK AT THIS TECHNOLOGY AND SEE HOW IT'S TAKING AGRICULTURE TO A NEW LEVEL. IT'S WORTH MAKING A MEMORY FOR VISITORS AT THE TASTE OF CHICAGO. THIS TRACTOR IS SOMEWHAT OF A MARVEL.

DEFINITELY SOMETHING YOU CAN GET THINGS DONE IN.

JUST WHAT IT CAN DO LEAVES MOST PEOPLE GUESSING.

HOW MANY ROWS DO YOU THINK THIS THING WILL PLANT?

THIS ONE, PROBABLY A MINIMUM OF A DOZEN.

JUST LIKE YOU SEE HERE AT THE TASTE OF CHICAGO, WHAT'S HAPPENING IS A LOT OF PEOPLE SEE THIS TRACTOR SITTING HERE AND THEY'RE IN AMAZEMENT OF WHAT IT CAN DO BECAUSE THEY DON'T KNOW THE APPLICATIONS THAT IT CAN BE USED IN TO HELP GROW THE FOOD THAT FEEDS THEM EVERY DAY.

YOU KNOW, IT'S REALLY COOL TO SEE THE EVOLUTION OF THE TRACTOR THAT GOES DOWN ON THE DIFFERENT LINES AND EVERYTHING.

IT'S TECHNOLOGY THAT EQUIPMENT MAKERS LIKE CASE AND OTHERS ARE INSTALLING IN THE FARM MACHINERY THAT'S HELPING PRODUCERS FEED MORE PEOPLE AS GLOBAL POPULATIONS CONTINUE TO CLIMB.

WE VIEW THE ROLE OF THE AMERICAN FARMER AS CRITICAL TO HELP MEETING THAT DEMAND. OUR PHILOSOPHY IS TO PUT THE PRODUCERS FIRST, BE OUT IN THE FIELD TALKING WITH THEM. GET THOSE INSIGHTS AND HELP THEM WORK SMARTER, FASTER AND GET MORE OUT OF EVERY ACRE TO FEED THIS HUNGRY WORLD.

AND IT'S TECHNOLOGY THAT MAKES IT POSSIBLE. PRECISION FARMING THAT USES GPS TO GET THE MOST OUT OF EVERY ACRE.

IT WORKS FOR THE FARMER LIKE IT DOES THE EVERY DAY AMERICAN.

IT ALLOWS TO GO THROUGH THE FIELD, NOT USE ANY MARKERS AND ALSO USE LESS FUEL BECAUSE THERE'S NO WASTE AND SKIPS AND THERE'S NO LOSS BECAUSE THERE'S NO WASTE OF SEED.

THE MACHINE IS POWERFUL ENOUGH TO PLANT HUNDREDS OF ACRES IS JUST A DAY.

80-FOOT AIR SEEDER AND COVER 700-ACRES A DAY IF YOU HAVE DO. WITH THE CLIMATE CHANGE, IT'S ALL ABOUT GETTING THE CROP IN EARLIER AND GETTING IT UP EARLIER AND PRODUCING.

THAT MEANS LONGER DAYS IN THE CAB. TECHNOLOGY IS HELPING THERE TOO.

THEY'RE SPENDING 14, 18 HOURS ADAY IN THESE TRACTORS TO GET THE WORK DONE IN A TIMELY MANNER. IT'S PERFECT.

WITHIN THE CAB WE HAVE VERY USER-FRIENDLY INTUITIVE CONTROLS, SUCH AS A MULTICONTROL ARMREST THAT HAS EVERYTHING HE NEEDS WITHIN REACH AND JUST AT THE TOUCH OF A BUTTON. IT HELPS HIM WORK LONGER AND PRODUCTIVITY.

170-GALLONS OF FUEL. NEW TECHNOLOGY IS HELPING MODERN MACHINES USE LESS.

IT WILL GIVE YOU 600- HORSEPOWER BUT USES LEST FUEL THAN THE PREVIOUS TRACTOR.

ABOUT 12% LESS ON AVERAGE, BUT ALL OF THIS TECHNOLOGY WOULD BE WASTED WITHOUT AN OPERATOR DEDICATED TO MAKING IT WORK.

WE VIEW THE AMERICAN FARMER AS A TRUE AMERICAN HERO. THEY'RE FEEDING, CLOTHING THE WORLD AND PROTECT OUR LAND AND NATURAL RESOURCES.

LESS PRODUCTIVITY MEANS LESS PEOPLE FED. THAT'S WHAT THIS IS ALL ABOUT.

AMERICAN FARMERS ENJOY THE BENEFITS OF MODERN TECHNOLOGY, BUT IN COUNTRIES LIKE AFGANISTAN, MANY FARMERS ARE STILL USING HAND TOOLS AND LIVESTOCK TO TURN THE SOIL.

WE'LL NOTE HOWARD BUFFET AS HE USES POWERFUL PHOTOS OF AFGANISTAN TO SHARE A MESSAGE OF HOPE. IN THIS BARREN LANDSCAPE, AFGANISTAN HAS WITNESSED WAR AND FELT THE PAIN OF POVERTY. TO GROW FOOD HERE, THE CHALLENGE SEEMS OVERWHELMING.

WE TRAVELED TO AFGANISTAN, PEOPLE LIVING WITH HUNGER AND THE CONSTANT THREAT OF STARVATION. HOWARD BUFFET IS ALSO AN ILLINOIS FARMER. WE HEAR ABOUT THE HOPE OF OUR MISSION.

FOOD IS PROBABLY A TERM THAT'S NOT VERY WELL UNDERSTOOD. BASICALLY WHAT IT MEANS IS THE SECURITY OF HAVING FOOD IS NOT IN YOUR LIFE. AGRICULTURE IS A KEY COMPONENT OF HOW THE WORLD IS GOING TO DEVELOP STILL IN MANY YEARS TO COME. IT ISN'T LIKE WE CAME AND WENT. I THINK HAVING HAD THE OPPORTUNITY TO FARM MYSELF AND UNDERSTAND THE ELEMENTS THAT GO INTO PRODUCTIVITY HAS MADE A HUGE DIFFERENCE IN OUR ABILITY TO DEAL WITH IT FROM OUR INTEREST TO THE FOUNDATION. IT GIVES YOU A DIFFERENT LEVEL OF UNDERSTANDING.

I'M VERY BAD AT DRAWING.

WHEN YOU LOOK AT ALL THAT, IT'S VERY EASY TO STEP BACK AND JUST BE OVERWHELMED. SO SOMEHOW YOU HAVE TO FIND A BALANCE, AND YOU HAVE TO CONVINCE YOURSELF THAT IT'S WORTH DOING WHAT YOU'RE DOING. YOU CAN QUESTION YOURSELF. I'VE DONE THAT. SOMETIMES I WONDER, YOU KNOW, AM I MAKING ANY PROGRESS. IF YOU ARE MAKING PROGRESS, IS IT MAKING A DIFFERENCE. WHEN YOU CHANGE LIVES ONE LIFE AT A TIME, IT IS MAKING A DIFFERENCE, BUT IT'S STILL PRETTY OVERWHELMING. TO ME, IT'S NOT --TO THINK I'M GOING TO CHANGE THE LIVES OF PEOPLE. WE WANT TO DO MORE THAN THAT. IT'S NOT THAT EASY TO GAUGE IT. IT'S NOT THAT EASY TO GET IT DONE. SOMETIMES IT'S A PRETTY CHALLENGING THING TO FACE UP TO.

NOBODY IS SITTING IN AFGANISTAN AND IS ANY DIFFERENT THAN ANYBODY SITTING IN CHICAGO, ILLINOIS. WE ALL WANT THE SAME THING. WE WANT TO FEEL SECURE. WE WANT TO FEEL THAT THERE'S A FUTURE THAT'S WORTH BUILDING ON FOR OURSELVES AND FOR OUR KIDS. WE WANT OUR KIDS TO BE BETTER EDUCATED THAN WE WERE, TO HAVE MORE OPPORTUNITY THAN WE DID. WE ALL WANT THE SAME THING. I THINK THAT THAT'S WHAT PEOPLE DON'T CONNECT WITH ALL THE TIME. WHEN YOU SEE A FAMILY IN AFGANISTAN THAT'S SUFFERING THROUGH A PERIOD OF CONFLICT, IT'S HARD TO RELATE TO THAT FAMILY, TO THAT MOTHER THAT'S DEALING WITH A CHILD OR WHATEVER THE CIRCUMSTANCES ARE, THE FACT IS THEY'RE NOT DIFFERENT THAN WE ARE. THEY HAPPEN TO BE IN AFGANISTAN AND WE'RE NOT. SO THEIR CHALLENGING ARE GREATER, BUT IT DOESN'T MEAN THEY ARE NOT DRIVEN BY THE SAME KIND OF THING THAT WE WANT TO SEE OR THAT WE WANT TO ACCOMPLISH. WE JUST HAPPEN TO BE IN A SOCIETY WHERE WE'VE HAD A LOT BETTER OPPORTUNITY. EVERYWHERE YOU GO IN THE WORLD, MOST PEOPLE ARE NOT JUST WILLING TO BE FRIENDLY. THEY'RE WILLING TO SOMETIMES MAKE THE PERSONAL SACRIFICE BECAUSE THEY SEE YOU AS A GUEST. IT'S SOMETHING I SOMETIMES WONDER HOW GOOD ARE WE AT THAT AT HOME. HOW OFTEN DO WE REALLY TAKE THE TIME FOR SOMEONE WHO WALKS INTO OUR COMMUNITY, TO SAY WELCOME TO OUR HOME. WE DON'T COME CLOSE TO ANY PERSONAL SACRIFICE. FARMERS FEEDING THE WORLD IS ABAGRICULTURE COMING TOGETHER TO FEED THE WORLD. IT'S RIGHT THERE BETWEEN CAN AND DO. LEARN MORE. GIVE GENEROUSLY. DREAM HUGE. FARMERS FEEDING THE WORLD IS A CALL TO ACTION FOR CONSUMERS.

THAT'S WHAT BRING US HERE TO THE HUGE FOOD FESTIVAL IN CHICAGO. WHAT DO PEOPLE HERE KNOW ABOUT WHERE THEIR FOOD IS COMING FROM.

WHERE DID THAT CORN COME FROM?

I DON'T KNOW. IDAHO? ON. WHERE DID IT COME FROM?

THAT STAND RIGHT DOWN THERE NEXT TO THE ONE THAT SELLS PEROT GEE.

OH, FROM THE FARM? THAT CAME FROM A COW ORIGINALLY.

WHEN WAS THE LAST TIME YOU THOUGHT ABOUT WHERE YOUR FOOD WAS GROWN? I DON'T OFTEN. I DON'T OFTEN THINK ABOUT. I I THINK MORE OF THE FLAVOR THAN WHERE IT COMES FROM.

WE FLOW THAT THE SUCCESS OF THIS PROGRAM AND THE ABILITY OF THE AMERICAN FARM TO REFEED THE GLOBE DEPENDS ON OUR EFFORTS HERE AT HOME. THAT'S WHY WE'RE ASKING YOU TO VISIT OUR WEBSITE, FARMERS FEEDING THE WORLD.ORG.

BY COMBINING YOUR CONTRIBUTIONS, IT WILL SUPPORT ORGANIZATIONS WITH SUCCESSFUL HUNGER SOLUTIONS.

AND THAT'S ALL THE TIME WE HAVE THIS MORNING. I'M CLINTON GRIFFITHS. THANK YOU VERY SUPPORTING FARMERS FEEDING THE WORLD.
 

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