TODAY ON AGDAY
JULY 21, 2017
HEADLINES
DROUGHT AND LACKLUSTER PRICES EAT INTO THE ECONOMIC OUTLOOK FOR RURAL AMERICA. PLUS...COMING UP TODAY ON AGDAY WE’LL TELL YOU HOW TO PREPARE TO THRIVE DURING THESE TOUGH ECONOMIC TIMES. FROM TOMORROW’S TOP PRODUCER SEMINAR.IN AGRIBUSINESS...CAN SOYBEANS RUN? TOOLS OF THE TRADE FROM THE WHEAT FIELDS OF KENTUCKY ON FARM JOURNAL COLLEGE TV. AND WOULD YOU GRAB A GLASS OF WINE FROM THIS 200 YEAR OLD BOTTLE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
RURAL MAINSTREET INDEX
GOOD MORNING I’M CLINTON GRIFFITHS. DROUGHT AND STAGNANT FARM PRICES ARE NOT HELPING THE RURAL ECONOMY. THE LATEST RURAL MAINSTREET INDEX SAW IT’S LARGEST ONE MONTH DECLINE IN ALMOST NINE YEARS...THE LARGEST SINCE THE GREAT RECESSION OF 2008. THE JULY SURVEY OF RURAL BANKERS FROM CREIGHTON UNIVERSITY SAYS AFTER A COUPLE MONTHS OF POSITIVE MOVEMENT, CONFIDENCE IN RURAL AMERICA IS PLUMMETING. LOAN VOLUMES SURGING TO THEIR SECOND HIGHEST LEVEL IN THE SURVEY’S HISTORY. ON AVERAGE BANKERS THINK ROUGHLY ONE IN SIX GRAIN FARMERS WILL SEE NEGATIVE CASH FLOWS THIS YEAR ALTHOUGH THAT’S BETTER THAN LAST YEAR. AG EQUIPMENT SALES REMAIN IN NEGATIVE TERRITORY. AND THE FARMLAND AND RANCHLAND PRICE INDEX ALSO DROPPED -- REMAINING NEGATIVE FOR A 44TH STRAIGHT MONTH. THESE TRENDS ARE BEING ECHOED FROM OTHER CORNERS OF THE INDUSTRY.
BANKER SURVEY SHOWS PROFITABILITY IS DOWN
A JOINT SURVEY FROM THE AMERICAN BANKERS ASSOCIATION AND THE FEDERAL AG MORTGAGE CORPORATION FOUND THAT NEARLY 90 PERCENT OF AG LENDERS SAY FARM PROFITABILITY IS DOWN OVER THE LAST YEAR. NOT A SURPRISE FOR FARMERS CLOSELY WATCHING MARGINS IN 2017. THAT SURVEY OF AG LENDERS FOUND MOST BANKERS ARE LENDING MORE THIS YEAR.. AND WHILE 60 PERCENT OF ALL BORROWERS ARE CURRENTLY PROFITABLE, BUT ONLY ABOUT HALF OF THEM ARE EXPECTED TO STAY PROFITABLE THROUGH THE REST OF 2017. TODD VANHOOSE/ SO WHAT WE SEE IN FARMERS IS A LITTLE BIT OF HUNKERING DOWN. 11:25 HOW DO WE TRIM EXPENSES, HOW DO WE MAKE SURE WE CAN STAY VIABLE THROUGH THIS CYCLE. SO WHETHER IT’S NEGOTIATING DOWN CASH RENTS, WHETHER IT’S HOLDING OFF ON NEW PURCHASES, WHATEVER STRATEGIES THEY MAY EMPLOY.. TODD VAN HOOSE IS PRESIDENT OF THE FARM CREDIT COUNCIL IN WASHINGTON DC. WE’RE SEEING FARMERS VERY FOCUSED ON FINANCIAL OUTCOMES RIGHT NOW AND WE’RE ENCOURAGING OUR LENDERS IN THE FARM CREDIT SYSTEM TO GET OUT THERE EARLY, TALK TO PEOPLE HELP THEM UNDERSTAND WHAT THE FINANCIAL SITUATION IS GOING TO BE AND WHAT THE OPTIONS ARE TO POTENTIALLY REORGANIZE A LITTLE BIT AND FIND A WAY TO MAINTAIN PROFITABILITY THROUGH THIS CYCLE. MARK CADE\ COMPEER FINANCIAL CHAIR OF BOARD OF DIRECTORS WE’VE GOT SOME LONG TERM FINANCING THAT’S SET OUR FARMERS UP TO WITHSTAND THESE TIMES. WE’LL HAVE TO MAKE SOME ADJUSTMENTS BUT WE’LL MAKE IT THROUGH IT. HE’S WITH COMPEER FINANCIAL -- A FARM CREDIT LENDER RECENTLY FORMED BY THE MERGER OF THREE SEPARATE BANKS IN MINNESOTA, WISCONSIN AND ILLINOIS DALE HOLMGRIN\VICE CHAIR OF BOARD OF DIRECTORS I THINK IT’S KIND OF A REGIONAL THING FOR ONE. I THINK IN OUR AREA YIELDS HAVE BEEN REALLY GOOD THE LAST COUPLE OF YEARS AND I DON’T THINK WE’VE HAD AS MUCH FINANCIAL STRESS AS SOME OTHER AREAS.THAT RECENT LENDERS SURVEY AGREES. CORN BELT LENDERS EXPECT ONLY 55 PERCENT OF THEIR CUSTOMERS TO REMAIN IN THE BLACK THROUGH 2017. AARON STOLLER – CAPITAL MARKETS OFFICER WITH AGCREDIT - IN OH COST OF PRODUCTION IN THIS INDUSTRY, I THINK I’VE SEEN 60 PERCENT OF THE COSTS I’VE SEEN ARE FIXED COSTS, CAPITAL COSTS RATHER THAN VARIABLE. THOSE OPERATIONS THAT WERE DISCIPLINED IN THE GOOD YEARS ARE FEELING THE IMPACTS OF THAT NOW. 23 AND THOSE OPERATIONS THAT GOT LOOSE WITH THE CHANGE IN THE GOOD YEARS AND LOADED UP ON ASSETS, THEY’RE FACED WITH A SCENARIO WHERE IT’S VERY CHALLENGING. 36 AND IT’S EVEN TOUGHER IN THE PLAINS STATES. LENDERS IN THOSE LOCATIONS NOW THINK LESS THAN HALF OF CUSTOMERS WILL STAY PROFITABLE THROUGH THE YEAR. HOWEVER, AN 80’S STYLE FARM CRISIS? NOT YET. TODD VAN HOOSE, PRESIDENT & CEO SO WE’VE SEEN OUR LOAN VOLUMES RISE A LITTLE BIT. AS HAS NET INCOME FOR FARMERS HAS COME DOWN SO WE THINK WE’RE IN A PRETTY GOOD POSITION. WE’VE GOT I WOULD SAY A LOT BETTER MANAGEMENT IN PLACE THAN IN THE 80’S. WE’VE GOT A LOT STRONGER CAPITAL BASE. WE’RE PREPARED TO WEATHER THIS STORM AND SUPPORT OUR CUSTOMERS. 13:28 COMPEER SAYS PART OF REASON BEHIND THEIR MERGER IS PORTFOLIO DIVERSIFICATION. THEY BELIEVE HAVING MANY DIFFERENT TYPES OF PRODUCERS SHOULD CREATE STABILITY FOR THE BUSINESS.
STAYING PROFITABLE IN TOUGH TIMES
TYNE MORGAN IS AT THE TOMORROW’S TOP PRODUCER CONFERENCE IN NASHVILLE THIS WEEK. SHE CAUGHT UP WITH AN ECONOMIST FOR A CONVERSATION ABOUT STAYING PROFITABLE IN TOUGH TIMES. THANKS SO MUCH CLINTON WELL WE’RE HERE TOMORROW’S TOP PRODUCER SEMINAR IN NASHVILLE TENNESSEE. AND THE THEME THIS YEAR IS PREPARE TO THRIVE. I HAVE IT WITH ME MIKE BOEHLJE OF PURDUE UNIVERSITY. MIKE YOU KNOW WE’RE FACING SUCH TOUGH ECONOMIC TIMES IN AGRICULTURE. WHAT ADVICE DO YOU HAVE FOR YOUNGER PRODUCERS TO REALLY RIDE THROUGH THESE TURBULENT TIMES. WELL CERTAINLY THEY’VE GOT TO HAVE THE FINANCIAL RESILIENCY THE FINANCIAL STRUCTURE TO BE ABLE TO HANDLE THIS DOWNTURN. BUT LET’S JUST DON’T FORGET AT ALL THAT IN THESE DOWNTIMES TYPICALLY COME THE BEST OPPORTUNITIES. SO A LOT OF TIMES WHAT WE FIND IS THE OPPORTUNITIES TO EXPAND YOUR BUSINESS TO GROW TO GET RESOURCES AT A BETTER COST AND YOU MIGHT HAVE OTHERWISE TO BUY MACHINERY AT A DIFFERENT PRICE OF THESE ASSETS ET CETERA AT BETTER PRICES ARE BETTER NOW THAN THEY MIGHT HAVE BEEN TWO OR THREE YEARS AGO. SO LOOK FOR THE OPPORTUNITIES. THAT’S WHAT WE’RE REALLY SUGGESTING. LOOK FOR THE OPPORTUNITIES. BUT WHAT IS THE BIGGEST MISTAKE YOU SEE YOUNG PRODUCERS MAKE RIGHT OUT OF THE GATE. THEY HAVE A TENDENCY TO INHERIT MORE THAN JUST THE FARM FROM THEIR PARENTS THAT YOU INHERIT SOME OF THE THINKING PROCESSES THAT THEY DO. THEY DON’T REALIZE THAT TODAY’S FARMERS NEED TO THINK AS BUSINESSMEN RATHER THAN OPERATIONS FOCUSED THEY NEED TO BE FOCUSED ON STRATEGY AND ON THINKING LIKE A CEO. AND BUT YOU KNOW EVEN THOUGH WE’RE GOING THROUGH SOME TOUGH ECONOMIC TIMES RIGHT NOW YOU’RE STILL BULLISH LONG TERM ON AGRICULTURE. ABSOLUTELY. THIS IS A GROWTH INDUSTRY AND THE REASON IT’S A GROWTH INDUSTRY IS BECAUSE WE HAVE GROWING INCOMES IN THE REST OF THE WORLD THAT WANT AND NEED OUR STUFF AND HAVE THE ABILITY TO PAY FOR IT AND THAT ABILITY TO PAY IS THE BIG DEAL. THANK YOU SO MUCH. WE APPRECIATE IT REPORTING FROM TOMORROW’S TOP PRODUCER SEMINAR. I’M TYNE MORGAN FOR AGDAY.
DROUGHT MONITOR
SOME OF THE RESPONDENTS TO THE RURAL MAINSTREET INDEX POINTED TO THE DROUGHT IN THE NORTHERN PLAINS AS A FACTOR TO THE BLEAK OUTLOOK. AND THOSE CONDITIONS AREN’T IMPROVING. ON THIS WEEK’S DROUGHT MONITOR - THE REAPPEARANCE OF THE WORST LEVEL OF DROUGHT FOR THE FIRST TIME IN SIX MONTHS ANYWHERE IN THE CONTINENTAL UNITED STATES. D-FOUR - OR EXCEPTIONAL - DROUGHT SHOWING-UP IN NORTH DAKOTA AND MONTANA. YOU WOULD HAVE TO GO BACK MORE THAN A DECADE TO FIND D-4 IN EITHER STATE, WE’RE STILL DROUGHT-FREE EAST OF THE MISSISSIPPI RIVER. BUT AS THE YELLOW HIGHLIGHTS SHOW THE ABNORMAL DRYNESS IN ILLINOIS HAS EXPANDED PAST 40-PERCENT COMPARED TO 16 PERCENT LAST WEEK.
USDA WHITE HOUSE NOMINATIONS
THE WHITE HOUSE ITS ROLLING OUT FRESH USDA NOMINATIONS. INDIANA AGRICULTURE DIRECTOR TED MCKINNEY PICKED TO BE UNDERSECRETARY FOR TRADE AND FOREIGN AGRICULTURAL AFFAIRS. SAM CLOVIS NAMED UNDERSECRETARY FOR RESEARCH, EDUCATION AND ECONOMICS. BOTH NAMES PREVIOUSLY MENTIONED AS LIKELY FOR THE POSITIONS.
WASHINGTON REGULATIONS, H2A
THE WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET IS SET TO RELEASE A REPORT SHOWING IT HAS WITHDRAWN OR POSTPONED MANY OBAMA-ERA REGULATIONS. IT DETAILS THE ADMINISTRATIONS EFFORTS TO SHELVE NEARLY 900 REGULATORY ACTIONS, EITHER WITHDRAWING THEM OR MOVING THEM FROM ACTIVE STATUS. AND THE HOUSE APPROPRIATIONS COMMITTEE ADOPTED AN AMENDMENT TO THE FISCAL 2018 HOMELAND SECURITY SPENDING BILL THAT WOULD HELP DAIRY PRODUCERS AND OTHER FARMERS WITH YEAR ROUND LABOR. POLITICO SAYING IT WOULD NULLIFY THE REQUIREMENT THAT THE WORK BE SHORT TERM IN NATURE. ALTHOUGH IT DOESN’T CHANGE HOW LONG A WORKER CAN STAY IN THE COUNTRY, WHICH IS THREE YEARS WITH RENEWALS NOR DOES IT CHANGE THAT FARMERS MUST FIRST LOOK FOR AMERICAN WORKERS. NATIONAL MILK PRODUCERS FEDERATION PRESIDENT JIM MULHERN SAYS THE AMENDMENT RECOGNIZES THE INDUSTRY NEEDS A NEW APPROACH TO GETTING DAIRY FARMS THE LABOR THEY NEED.
CROP COMMENTS
LET’S TURN NOW TO MIKE HOFFMAN FOR THIS MORNING’S CROP COMMENTS. MIKE. GOOD MORNING, CLINTON. BRADLEY SALAS IN GANADO, TEXAS SENDING US A PICTURE OF GRAIN SORGHUM HARVEST. HE SAYS THE YIELD IS GOOD BUT NOT EXCELLENT. THIS IS A NORMAL HARVEST TIME FOR HIM SINCE HE’S LOCATED NEAR THE GULF. WEATHER HAS BEEN INCONSISTENT WITH LOTS OF SHOWERS POPPING UP BUT ALL MISSING HIM! USDA SAYS 74 PERCENT OF THE SORGHUM CROP IS HEADING IN TEXAS. THAT’S 5 POINTS AHEAD OF THE 5-YEAR AVERAGE. THIS NEXT PHOTO COMES FROM RON HAASE FROM EAST CENTRAL ILLINOIS HE SAYS SOYBEANS IN HIS AREA ARE TURNING THEIR LEAVES TO PRESERVE MOISTURE DURING THE HEAT. HE SAYS THE SOIL IS DRY AS WELL. USDA SAYS 67 PERCENT OF THE ILLINOIS SOYBEAN CROP IS RATED GOOD TO EXCELLENT. AND NOW HERE ARE SOME HOMETOWN TEMPS. THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH. LET MACHINERY PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.
TEASE
SOYBEANS SEEING STRENGTH ONCE AGAIN ON THURSDAY. UP NEXT WE’LL FIND OUT WHAT IT MIGHT TAKE TO GET THE BULLS OFF AND RUNNING. AND A HISTORY-MYSTERY WAS RECENTLY DISCOVERED THAT YOU MAY NEED A CORK-SCREW TO UN-RAVEL. DETAILS AS WE HEAD IN THE COUNTRY. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST. VISIT LOVELAND PRODUCTS.COM SLASH RADIATE. SEE YOUR CPS DEALER TODAY.
AGRIBUSINESS
WITH SOYBEANS BACK ABOVE 10 DOLLARS ALL EYES ARE WATCHING TO SEE IF THE BULLS WILL RUN. TYNE MORGAN JOINING US ONCE AGAIN WITH TODAY’S ANALYSIS HERE NOW WITH CHIP NELINGER BLUE REEF AGRIMARKETING CHIP IN THE LATEST USDA REPORT WE SAW USDA CUT SOYBEAN CARRY OUT. I MEAN THAT SEEMS LIKE THAT’S THAT’S FAVORABLE WELL IT IS FAVORABLE. AND ON TOP OF THAT WE’VE GOT SOME UNCERTAIN WEATHER PARTICULARLY IN THE WESTERN CORN BELT IN THE DAKOTAS. 12 13 14 PERCENT OF THE TOTAL COUNTRIES BEAN CROP IS RAISING THE DAKOTAS. CROP CONDITIONS ARE HORRIBLE THERE. YOU KNOW ONGOING DROUGHT. SO THE POINT IS JUST TWO OR THREE BUSHEL SWINGS OR CUTS IN YIELD FROM THIS POINT GOING FORWARD AND BEANS WITH OLD CROP CARRY OUT CUT BEING CUT IN DEMAND BEING RECORD LARGE CAN HAVE DRAMATIC EFFECTS ON THE ON THE CARRY OUT. YOU CAN SEE WITH A THREE OR FOUR BUSHEL DECREASE WHICH ISN’T A HORRIBLE CROP. 43 44 BUSHEL CROP. ALL OF A SUDDEN WE’RE AT 100 BUSHEL CARRY OUT AND YOU’RE TALKING A BIG BULL MARKET POTENTIALLY. I MEAN WHEN DO YOU THINK THAT USDA COULD START ADJUSTING YIELDS WHEN YOU EXPECT THAT TO HAPPEN. WELL ON CORN IT COULD BE AS EARLY AS AUGUST. BEANS TYPICALLY IT TAKES A LITTLE BIT LONGER. WE NEED TO KIND OF KNOW HOW JULY WEATHER IS GOING TO FINISH OUT AND IN AUGUST IS SO CRITICALLY IMPORTANT FOR BEANS SO PROBABLY NOT TILL THE OCTOBER CROP REPORT AT THE EARLIEST AND MIGHT TAKE TILL JANUARY TO KIND OF SHAKE OUT AND FIGURE OUT WHAT OUR CROP SIZE WAS. SO LET’S SAY THOUGH THAT WE SEE YOU KNOW CARRY OUT CONTINUE TO BE CUT. WE SEE THEM REDUCE YIELDS. DO YOU THINK THAT THAT PUTS US IN A BULL MARKET. ABSOLUTELY. AND YOU COULD ARGUE THAT WE POTENTIALLY ALREADY ARE YOU KNOW WE’VE JUST RALLIED MEANS A BUCK THIRTY A BUCK 40 OFF THE LOWS IN 10 OR 11 TRADING SESSIONS. ABSOLUTELY THE FUNDS HAVE A LOT OF ROOM TO ADD TO THEIR LONG POSITION. THEY’RE JUST GETTING OUT OF SHORTS. THEY’D HAVE A HUGE AMOUNT OF AMMUNITION TO TO BUY THIS MARKET IF THEY WANT TO GET LONG IN A SHRINKING YIELD ENVIRONMENT. I HATE TO PUT IT TARGETS OUT THERE BUT YOU COULD EASILY SEE 11 PLUS MAYBE CHALLENGE $12 IF YIELDS ARE SHRINKING IN THE MARKET’S FEARFUL OF THAT. ALL RIGHT THANKS CHIP. CHIP NELINGER BLUE REEF AGRIMARKETING. STAY WITH US. WE’LL BE BACK WITH MORE AGDAY IN JUST A MOMENT.
WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN HERE TAKING A LOOK AT THE DROUGHT MONITOR WITH US MIKE. WE SEE IT CONTINUING TO GET A LITTLE WORSE IN THE NORTHERN PLAINS. I KNOW WE HAVE THESE COMPLEXES OF THUNDERSTORMS DEVELOPING JUST EAST OF THAT AREA AND THEN HEADING EAST AND YOU CAN SEE THERE’S VERY LITTLE DROUGHT IN THE EASTERN THIRD OF THE COUNTRY. SO I’M SURE IT’S FRUSTRATING TO WATCH THOSE COMPLEX AS THESE STORMS MOVE EASTWARD. WHEN YOU LIVE IN CENTRAL OR WESTERN SOUTH AND NORTH DAKOTA AND EASTERN MONTANA IN FACT THAT’S THE FIRST TIME WE’VE SEEN EXCEPTIONAL DROUGHT IN QUITE SOME TIME ANYWHERE IN THE LOWER 48 AND IT’S JUST SHOWING UP AND POCKETS UP THERE. LET’S GO BACK A MONTH THAT WAS ALREADY GETTING PRETTY DRY. YOU CAN SEE THAT WE STILL HAD POCKETS IN THE SOUTH THESE POCKETS IN TEXAS AND OKLAHOMA AS WE WENT THROUGH THE NEXT FOUR WEEKS AND YOU CAN SEE HOW THINGS CHANGED EVER SO SLOWLY CONTINUING TO GET DRIER AND DRIER IN PARTS OF THE FAR NORTHERN PLAINS. AND WE’VE SEEN OCCASIONAL DRY SPELLS THROUGH THE CENTRAL MISSISSIPPI VALLEY AND INTO PARTS OF OKLAHOMA AND TEXAS AS WELL. SO THOSE AREAS WILL STILL HAVE TO BE WATCH WHAT WE SEEM TO GET JUST ENOUGH RAIN TO KEEP THOSE FROM GETTING INTO ANYTHING SERIOUS. HERE’S THE WAY THE MAP LOOKS THIS MORNING STATIONARY FRONT RIGHT THROUGH THE OHIO VALLEY LOWER GREAT LAKES INTO THE NORTH CENTRAL PLAINS. BUT AGAIN THESE COMPLEXES DEVELOP EAST OF THE DAKOTAS FOR THE MOST PART AREA OF LOW PRESSURE KIND OF RIDING LONG THAT TODAY WILL PRODUCE A COUPLE OF AREAS OF SHOWERS AND THUNDERSTORMS AS THAT RIDES ALONG THE FRONT. HIT AND MISS SOUTH THE SOUTHWEST IN THE HEAT AND HUMIDITY OF COURSE. EVERY FRONT TRIES TO COME INTO THE WEST COAST JUST GETS SHUNTED NORTHWARD INTO WESTERN CANADA AND THAT’S BEEN THE CASE MOST OF THIS SUMMER. THERE’S ANOTHER BIG COMPLEX OUR COMPUTER MODEL IS SHOWING AS WE HEAD INTO SATURDAY FOR THE LOWER GREAT LAKES TO START. THIS IS AN ACTUAL COOL FRONT THAT’S GOING TO COOL THINGS DOWN AGAIN IN THE NORTHERN PLAINS AND EVENTUALLY THE GREAT LAKES IN THE NORTHEAST. BUT IN THE MEANTIME IT’LL JUST BE THE FOCUS FOR AT LEAST SOME SCATTERED SHOWERS AND THUNDERSTORMS AS WE HEAD THROUGH THE DAY TOMORROW. TAKE A LOOK AT PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. FLORIDA REALLY THE ONLY AREA THAT SEEN ANYTHING REAL HEAVY WE’VE SEEN SOME POCKETS ACROSS PARTS OF THE MIDWEST AND THE CORN BELT. YOU CAN SEE OUR COMPUTER ARE REALLY PUTTING DOWN SOME HEAVY RAINS AS A COUPLE OF COMPLEXES MOVE THROUGH FROM NORTHEASTERN IOWA SOUTHERN WISCONSIN ALL THE WAY DOWN INTO KENTUCKY AND OHIO. SO WE’LL HAVE TO WATCH EXACTLY WHERE THOSE GO. THE HEAT CONTINUES FOR MOST OF THE CENTRAL AND SOUTHERN PLAINS STATES AND STILL PRETTY WARM FOR THE GREAT LAKES AND THE NORTHEAST ESPECIALLY THE OHIO RIVER VALLEY LOWS ONLY IN THE 70S AND 80S IN MOST OF THE CORN BELT. HIGH TEMPERATURES CONTINUE TO BE ON THE WARM SIDE BUT EVENTUALLY WE DO SEE THAT COOLER AIR COMING IN. HERE’S THE JET STREAMING STILL SEE THE RIDGE OVER THE CENTRAL THE COUNTRY GOES WEST FOR A WHILE AS ANOTHER TROUGH BUILDS IN FOR SUNDAY MONDAY TUESDAY. THEN IT COMES BACK EAST. THEN ANOTHER TROUGH THAT’S BEEN THE PATTERN MOST OF THIS SUMMER. THAT’S A LOOK ACROSS THE COUNTRY. NOW LET’S TAKE A LOOK AT SOME LOCAL FORECASTS. HERE’S A LOOK AT YAKIMA WASHINGTON SUNNY AND COMFORTABLY WARMED AT A HIGH TEMPERATURE OF 88. FORT SMITH ARKANSAS. HOT AND HUMID WITH HAZY SUNSHINE HIGH OF 98 IN MANSFIELD OHIO. WARM AND HUMID WITH A COUPLE OF SHOWERS AND STORMS LIKELY HIGH AROUND 87.
TEASE
IT WON’T BELONG BEFORE WINTER WHEAT PLANTING GETS UNDERWAY IN THE SOUTHERN PLAINS.WE’LL LOOK AT TOOLS FOR THE FIELD NEXT ON COLLEGE TV. AND WE’LL CELEBRATE HISTORY WITH A TOAST TO A HIDDEN VINTAGE.
FARM JOURNAL COLLEGE TV
THERE ARE PLENTY OF TOOLS AT A GROWERS DISPOSAL THESE DAYS. THIS MORNING WHEAT AGRONOMIST PHIL NEEDHAM TAKES US TO A WHEAT FIELD FOR A LOOK AT A FEW HE FINDS USEFUL ON THE FARM. WHEAT AGRONOMIST PHIL NEEDHAM JOINING US NOW. PHIL WE KNOW COMMODITY PRICES HAVE BEEN DOWN LATELY. SO IT’S ALSO IMPORTANT THAT WE FIGURE OUT A WAY THAT WE CAN UTILIZE OUR RESOURCES THE MOST EFFECTIVELY THAT WE CAN AND THERE ARE SOME TOOLS THAT CAN HELP US DO THAT. THAT’S RIGHT. SO ONE OF THE TOOLS THAT I LIKE THERE’S OTHERS OUT THERE. ONE OF THE TOOLS I LIKE TO USE TO HELP USE FERTILISER INPUTS MORE JUDICIOUSLY ESPECIALLY NITROGEN. THIS IS A HANDHELD GREEN SEEKER. OK. THERE’S ALL THE SENSORS ON THE MARKET YOU CAN BUY THESE TO FIT ON SPRAYERS NOW SO HE’S DOING THE SAME OPTICAL SENSING OPERATION AS THE SPRAYER MOVES UP AND DOWN THE FIELD SENSING THE CROP AND ADJUSTING END RATES OPEN DOWN ACCORDING TO PLAN HEALTH COLOR OF THE ECETERA. OK. BUT THIS JUST A SIMPLE HANDHELD VERSION WHICH ISSUES TODAY FOR DEMONSTRATION PURPOSES WE WOULDN’T MIGHT BE MAKING ANY RECOMMENDATIONS OR RIGHT ADJUSTMENTS AT THIS LATEST STAGE. BUT EARLIER IN THE SEASON WE ABSOLUTELY DO AND WE’VE HAD GOOD SUCCESS USING OPTICAL CROP SENSING SYSTEM. SO BASICALLY ALL WE’RE DOING AGAIN WE DO THIS EARLIER ON IN THE SEASON WHEN THE CROP IS OBVIOUSLY A LOT SMALLER WE GENERALLY DO IT AROUND THE JOINTING STAGE V6. OK. WHEN THE WE IS 10 12 INCHES TALL FOR SURE. SO IT BASICALLY RUNNING THE SENSOR ACROSS THE FIELD. AND AS LONG AS YOU KEEP THE TRIGGER DEPRESSED IT GIVES YOU AN AVERAGE OF ALL THE SENSE READINGS WHEN YOU LET OFF THE SENSOR WHEN YOU LET OFF THE TRIGGER. I’M SORRY TO GIVE YOU AN AVERAGE OF THE READINGS FOR THE TIME PERIOD THAT THE TRIGGER WAS DEPRESSED. OK. SO WHAT WE’LL DO IN A FIELD LIKE THIS AGAIN AT V SIX WE’D WALK ACROSS THE FIELD IN DIFFERENT REGIONS WHAT 40 50 80 FEET MAYBE GET AN AVERAGE OF THE RESULTS AND WE’D START COMPARING LOWER REGIONS MAYBE TO HIGHER REGIONS DIFFERENT PRODUCTIVITY REGIONS. AND A LOT OF UNIVERSITIES NOT ALL. NOW GO ALGORITHMS TO CORRELATE THE READINGS THAT YOU GET THAT YOU’VE GOT ON THE GREEN SAKER. WE PREFER TO USE AND ENRICH STRAIGHT WHICH ISN’T A SMALL AREA OF THE FIELD WITH A HIGH RATE OF NITROGEN THAT WE USE FOR REFERENCE. SURE. SO BASICALLY THE DIFFERENCE IN NDVI WHICH IS THE NUMBER ON HERE THAT I SHOWED YOU A MOMENT AGO THE DIFFERENCE BETWEEN THE ENRICHED STRIP NUMBER AND THE FIELD REGIONS THAT WERE SENSING INDIVIDUALLY GAVE YOU A NITROGEN RECOMMENDATIONS SO YOU CAN ACTUALLY CHANGE THE NITROGEN RECOMMENDATION ON A FIELD BASIS OR WITHIN A FIELD TO.
TEASE
FOR YOU WINE-DRINKERS OUT THERE...UP NEXT WE’LL TELL YOU ABOUT SOME HIDDEN HISTORY WITH AN INCREDIBLE VINTAGE.
IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. SEE THE HARDEST WORKING TRACTORS IN AG AT KUBOTA.COM. OR VISIT YOUR LOCAL KUBOTA DEALER TODAY. WINE CONNOSIEURS OFTEN ENJOY A CERTAIN VINTAGE OF WINE. WHAT IF THAT WINE DATES BACK TO 1796! YES...JUST 20 YEARS AFTER THIS COUNTRY EARNED ITS INDEPENDANCE. RECENTLY SEVERAL CASES OF WINE AND LIQUOR WERE RECENTLY DISCOVERED BEHIND A WALL AT A MUSEUM IN NEW JERSEY. CURATORS AT THE THE LIBERTY HALL MUSEUM SAY THEY UNCOVERED THREE CASES OF MADEIRA WINE, A FORTIFIED WINE, DATING TO 1796. THEY DISCOVERY OCCURRED DURING A RESTORATION PROCESS OF THE WINE CELLAR. WHILE THE WINE HAS AGED FOR MORE THAN 200 YEARS, IT APPEARS THE CASES MAY HAVE BEEN HIDDEN AWAY DURING A MORE RECENT TIME IN HISTORY. BILL SCHROH, THE LIBERTY HALL MUSEUM: “THE CAGE WHERE THE WINES ARE KEPT WAS BOARDED UP WHEN THE MUSEUM TOOK OVER IN 2000, IT WAS COMPLETELY COVERED AND WE DIDN’T REALIZE WHAT WAS BACK THERE AND WHAT I FIGURED OUT, IS THE REASON IT WAS COVERED UP WAS BECAUSE OF PROHIBITION."> THE MUSEUM ALSO FOUND 42 DEMI-JOHNS — LARGE GLASS JUGS SOMETIMES USED FOR HOLDING WINE AND OTHER LIQUOR. THE MUSEUM WAS ONCE THE HOME OF NEW JERSEY’S FIRST GOVERNOR, WILLIAM LIVINGSTON.
CLOSE
THAT’S ALL THE TIME WE HAVE THIS MORNING. WE’RE GLAD YOU TUNED IN. FOR TYNE MORGAN AND MIKE HOFFMAN, I’M CLINTON GRIFFITHS. HAVE A GREAT DAY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA’S LONGEST LASTING PICKUPS.
