Skip to main content

tv   U.S. Farm Report  FOX  January 3, 2010 4:00am-5:00am EST

4:00 am
4:01 am
today on "u.s. farm report", government aide starts flowing to farmers across the country hit -- to farmers hit hard by production problems. much of the corn crop will not be harvested this year. the predicted lawsuits begin to counter an epa decision on greenhouse gases. "u.s. farm report" brought to you by chevy and their award- winning cars, trucks and crossovers. good morning. welcome to "u.s. farm report". i'm john phipps.
4:02 am
there's an indicative error of judgment built into our brains that makes recent or nearby data more influential in our reading. it's called the availability bias. i'm strug welling that now. coming off two poor production years, i find myself much more risk adverse than normal. as such, the recent up trends in grain prices are almost too good to be true for me. my availability bias has me selling these prices. at the same time, i acknowledge that my thinking may not be truly an littic. my experience is a rare event when you can be irrational and still make money. oof let's get start with the news and al pell. >> thanks, john. good morning, everyone. starting monday, producers who had crop losses in 2008 can start signing up for a new federal program called s. u. r. e. the supplemental assistant revenue program. for farmers who had crop losses
4:03 am
can head to their county sfa offices starting january 4. s. u. r. e. provides crop disaster assistance to farmerselle jibl. to be eligible for sure, producers must have suffered at least a 10% production loss on a crop of economic significance. we'll post a link on our home page for more details. in related news, all but one county in alabama has been declared an agriculture disaster area by usda. heavy rains and floods this fall hurt soybean and cotton harvests. the designation allows qualified farmers to apply for low interest loans n an afternoon year, alabama farmers have completed cotton harvest by thanksgiving. because of record rainfall, many fields are still uncut. in the crop progress report one week ago, 16% of alabama's cotton crop was still in the field. >> the most devastating thing
4:04 am
about this whole situation was there was a good crop there and people spent money on it all the way up until it was ready to harvest and then it just kind of taken away from you. you know, if you're devastated early, you stop the money flow. you know it's going to be bad and you prepare for it. >> in addition to alabama delays, 18% of the georgia cotton and 20% of the oklahoma cotton crops are still standing. after a 13-month restructuring texas-based processor pilgrim's pride says it has emerged from bruptsy. this paves wait for pilgrim's pride to continue its sale to a brazilian-based beef company. it will now 18% of pilgrim pride stock in a deal worth more than $800 million. the national beef association has filed court papers to challenge the epa endanger finding rule.
4:05 am
asked ncba says the government's finding is not based on riggerrous scientific analysis, yet it would trigger a cascade of future regulations to a sweeping impacts across the entire u.s. economy. the ncba fears epa will be able to tell farmers they can only eplit a certain letter of ghg's and might face severe penalties if they don't comply. that's it for the headlines. now, back to john for crop watch. crop watch is brought to you by syngenta's agri-sure 3,000 gt. launch your yield with syngenta's agri-sure 3,000 gt hybrids. in today's crop watch, we head to ontario. a canadian grower says he had a good crop of nato soybeans this year. he says they're very small and popular in japan. he yielded just under a ton an
4:06 am
acre. he says the long term average has only been a half ton. in eastern north carolina a- grower was trying to finish up his soybean harvest before the holidays. he says it's been a real strug until that part of the state. the grower says these delays prohibit him from planting all his winter wheat. when we come back, al sits down to talk markets with jim hemminger and bill beatermanment their discussion begins in just 2:00. please, stay with us. roundup power max herbicide is now half the price of last season. no matter what you do... so, the joy is getting there. well on the days that we help someone move from the shelter to permanent housing... those are the best days. i reached inside the window and it started right up. it made us feel like if that truck could keep going, then we could all keep going. chevy . the most dependable, longest lasting full-sized pickups on the road. this is my truck. chevy silverado. america's best truck.
4:07 am
"u.s. farm report" round table this week, jim hemminger from top third ag marketing. bill, i saw you on the phone just a second ago finding out what the close was. what's the close on the market. >> corn closed about 4.13 and a half. we're still in range. beans 43 in the march contract. >> is that up or down for the
4:08 am
day? >> we're jowt down just a a bit about 3 1/2 trents cents. >> you mentioned that electronic trading, the variation and what can happen is just instantly. it wasn't always that i way when europe on the floor, was it not? >> no, the broabers if they had the big order was the governor on the market and the market doesn't have that anymore. we haven't seen that many glitches in the electronic market. there was one this week that caused corn prices to drop 13 vents cents very quick re-- very quickly but it came back. the impressive tht thing about the bean market, we saw beans sell off over 90 cents a bushel. brazil has no weather issues. they'll have a very big crop. it's come back considerably recovering that. corn has been on a 40 set trading range for the last 2 1/2 months. that went to the lower trading range. it's come back to the higher trading range.
4:09 am
fairly good performance on grains as we finish out the year. >> you know, some discussion about the corn and the quality and the fact that a lot of it is still standing particularly in the dakotas and there's someother areas that got snow and they're not going to be able to harvest t are we going to get all the corn in? are we going to have an increased yield? will it be about the the same? >> we still think overall yields will be up a little bit. all of our surveys show they exceeded expectations back in awtion august. however, there is -- in august. however, there is still a 4-6 million in the field. according to all the people we work with in the dakotas that have experienced that 10-20% loss they can expect. if we take about 380 million bushels which is in the snow belt, you're look at about 60- 70 million bushels. >> how is that going to be on carryouts? >> it will drag the carryout down a little bit and with the yield increase and then you drag it back down with that and then we've got to adjust the demand around, carryover is -- >> so, carryout is probably not
4:10 am
going to change. what's that going to do with the price? that's the next question i'm going to ask. >> we think corn will be in a big range. over the carryover for neck year, we're look at three and a half million acres. sideways market. unless get a weather problem. >> unless we have a weather problem. your comments on what he's saying, jim? >> one real critical thing will be the usda final production numbers january 12. that's a tuesday morning. they're going to have in there -- we might see a surprise on increase in corn yields. on the flip side of that, there's a real concern about test weights rand quality. so, the uncertainty at this point with corn supply side is a real issue. the demand side there's a real concern of lowlife stock numbers and -- low live stock numbers, poor feeding margin. need to go meet usda projection even though last couple weeks they've been good.
4:11 am
ethanol margins have been good. they started to vip slip a week or two ago but started to come back this past week. the demand side of the corn equation is a concern. the supply side there's tremendous uncertainty especially with test weight issue. >> so, supply even though it may be there, it might -- might not be at the type of quality at this point in time. i just want to hear you say you think that's the deal. >> typically historically, this is bearish. what's going to happen is you'll have maybe two billion bushels that no one wants to store. so, they're going to have to move it. by february or march, i want it out of my bin at least all of the stuff that has spines in it. that leaves the good quality corn. how much of this corn was good quality we can store and go july-august. >> we don't know at this point in time. we'll have to wait and see. of course, the market will determine l-it mott? >> it will respond to that. that's for sure. >> we'll be back with more "u.s. farm report" in just a moment.
4:12 am
4:13 am
4:14 am
4:15 am
"u.s. farm report" jim hemminger and bill beaterman. that's top third ag marketing. did i say that right? i know top third ag. it's the same place anyway. one of the questions i want to get to actually it came to the forefront in marketing rally and talked about so much that there is a lot of outside fundsment we're talk about -- funds. we're talking about funds that are buying that are not marketers one way or the other that can affect the grain markets -- that can effect the grain marketsment you were showing me a -- markets. you were showing me a sheet earlier representing billions of dollars thanks that is going to come in and be -- that is going to come in and be realserrated on the grain markets. what will that do to the grain market and next question what can a producer or grain
4:16 am
marketer do to take advantage to be on the right side? so, what can that do to the market? i'll start with you, jim. i know -- >> we have to distinguish between the two different basically kind of funds. there's the index funds which have a tendency to invest in commodities and hold those commodities. when they think they get to a above price level they should be, they aloe indicate funds out that have into --@aloe indicate funds out of that into a comdity think they is lower price. they talk for three weeks. i'm concerned this has been too widely talked about and maybe factored in the market is that the index funds are going to move out of energy contracts, primarily crude oil, and out of precious metals contract, primarily gold, which they've done very well in and invest in agriculture commodities. the two that come up the most are corn and hogs. they feel those are underpriced. there will be aloe indication noose other commodities. this has been so widely talked about now. the other type of funds are the
4:17 am
trend-following funds that a lot of times are triggered on computer models. those sometimes can be even opposite directions of the index fund. we've seen that and this past year they were primarily short wheat most of the time. reent recently they had been long soybeans and a couple weeks ago they liquidate add lot of soybean positions on the 90 cent drop we had and we've come back 55-60 cents of that money. they can be very active in the market and in and out. the index funds have a tendency to buy a commodity and hold it. good example when i was on the trading floor when soybeans were the last down around 5.40, 5.60 a bushel, the index funds sit there for months accumulating soybean. >> at that price? >> that ta price. they did very well because they felt they were underpriced at that level. >> i'm going to ask you a question and remind folks we used to talk about fundamentals. we talked about supplier grain. we talked -- supply of grain. we have another fundamental
4:18 am
which is outside capital. how much does that represent compared to our trading? >> well, the funds that jim is talk about, they control about $215 billion. now, there's six big funds. out of those six, they control 50% of that. now, out of that 100 and some billion doll a-two funds control -- doll a-two funds control -- dollars , two funds control $98 billion. we've got a pretty good idea of what it's going to do. in crude oil, they're going to sell 28,000 contracts between january 5-january 1. they're going to buy 62,000 contracts of corn. this is big. there's 5-8% swings in the open -- >> what's the time frame we're talking about now? >> one of the funds is going to start on the fifth. other will start on the seventh and all be done by the 12th.
4:19 am
if i was doing that, i wouldn't tell you i was going to do it on that date. that's how they communicate with their stockholders. >> ok. the 12th is when the government comes out with that report, so we're going to have a little fun then that weekend before the 12th of january. >> it will be a very volatile day. farmers probably have to have a farm going into that because we might see a lot of fireworks. >> what should a farmer do at this point in time? they've got a minute. what should a farmer do? what can they do? >> well, these funds provide tiewndz opportunities for producers. they -- provide opportunities for producer. they have a tendency to push prices too high. we saw that in crude oil. take advantage of that. i'm not so sure this is so widely known that there aren't a lot of positions already in place to take advantage of this and when it happens we don't see anything happen. >> your comments what should producer should do? >> i think we ought to be selling deens beans, every one of them on -- beans, every one of them on this.
4:20 am
south america's market is big. -- >> during the rally. >> after the rally, it will probably be fast. on the way down, you won't catch it. corn though, i think corn -- we don't have the big carryover like we do in beans. in corn, use options. get some options for that. >> ok. thank you both, gentlemen. we'll look forward to that week. we'll be back with more "u.s. farm report" in just a moment.
4:21 am
welcome back to "u.s. farm report". obviously, we checked the drought monitor typically every week at this point. good news is we're heading towards next season at least unless we don't get any snow in
quote
4:22 am
some locations. we're only talking a few spots in the corn belt where it's really dry. still, northern wisconsin, western u urment of u. pumplt -- u. p. of michigan. dry areas, arizona is getting worse. i think the good news is where the weak to moderate el nino this season, you'll see a fair amount of moisture, at least more than normal in that part of the country. let's hope that pans out there because you can see things improved in the pacific northwest over the past few weeks. let's check things out then. jet stream as we head through this week is going to be pretty brutal as far as cold air coming in and it looks like that cold air is going to be diving southward into the middle of the country. eventually, coming east with time. that's going to bring shots of cold air and also allow lake effect snow as we head through this week. that's the way it's shaping up. here is the look for monday as we head into the first full week of january. another shot of arctic air coming into montana. arctic air has already moved into the northern gulf of mexico by this pointment we're
4:23 am
looking at chilly temperatures in south florida. cold into the southeast and downright frigid in the northern plains and great lakes. this will be a window week of lake effect snow for you folks and up and down the appalachian chain as well. you typically get a fair amount of snow in this situation. storm system may be riding along a frontal system and stationary front still sitting out in the west. that will continue to cause upslope snowshowers. the next system is starting to show up by the middle of the week. that will spread southward across the rockies. that could bring moisture across parts of the southeast next week also decent snows in the recent rockies as well. still lake effect snow ongoing with cold air sitting in place in the eastern 2/3 of the country. in our next half hour, we'll check the longer range forecast. "u.s. farm report" is brought to you by ag connect expo where the world of agriculture will come together this january in orlando,
4:24 am
florida.
4:25 am
4:26 am
many farmers have developed a complicated relationship wit we farmers have developed a complicated relationship with the environmental protection agency. on one happened, it's a bureaucracy that could at a stroke add billions of bushel corn demand by ayou how long a blend and has declared greenhouse gases a pollutant endangering citizens of the u.s. opening the door for eventual ree regulation of greenhouse gas. ag lawsuits were filed almost immediately. a large portion of the epa budget is going to defending rulings in court. unless congress acts to address emissions, the epa will essentially formulate our national carbon policy. this use of our courts as the
4:27 am
final arbiter of what should be legislative decisions is inefficient to say the least. more importantly, it raise the stakes. say it takes five years for emissions regulations to be litigated. during that time, co2 levels are unlikely to decrease. if the epa ruling is validated, the ensuing regulations could be considerably more stringent than measures currently being debated in congress. of course, the courts could rule against the epa, but then much of the justification for ethanol, wind turbines, no till and methane digesters just evaporate. we in agriculture need to be careful deciding what winning this argument really looks like. as always, we want to hear from you. send comments to info@usfarmreport.com or leave us a voice mail by calling 800- 792-4329. coming up in our next half hour, is the future bright for
4:28 am
cellulosic ethanol? experts have their say. stay with us. the next half of "u.s. farm report" is coming right up. >> "u.s. farm re today on "u.s. farm report", ethanol makers add up the greenhouse gas emission benefits of their fuel. cellulosic ethanol proponents look for help from the epa to nerngd energize their profitability. we look back at a cheap
4:29 am
thrill that made the record books. "u.s. farm report" brought to you by chevy and their award- winning cars, trucks and crossovers. good morning. welcome to "u.s. farm report". i'm john phipps. it is a curious thing to me how corn farmers loudly tout the environmental benefits of ethanol to reduce greenhouse gases. we have a story about this this morning at the same time only a tiny number of us believe in man-made global warming is anything but a left wing hoax. ok. if it is, then who cares about how much carbon emissions are reduced by mandating ethanol? the similar contradiction applies to wind energy which has many fans among farmers desiring an annual turban payment. wind energy is vastly more expensive than coal, but its big advantage is zero emissions. everyone is entitled to pick a side on the global warming
4:30 am
debate, but only one side. time for the news with al pell. thanks, john. good morning, everyone. a new report outlines a significant environmental benefits that can be directly tied to biofuels. released by the global renewable shows bioproduction will reduce greenhouse emissions by more than 123 million tons. in all, world biofuel productions is expected to surpass 100 billion liters in 2009. enough to displace more than a million barrels of crude oil each day. we'll post a link on the report on our home page. here in the united states, the ethanol industry continues to lobby to increase the federal ethanol blend from 10- 15%. supporters say this would not only move the corn ethanol industry forward, but also lay the ground work for cellulosic production. regional reporter michelle rook
4:31 am
explains. >> the midwest could one day replace the middle east in one day replace the nation's energy needs. it will not depend on corn alone. it will take a growth in cellulosic production. >> if you look out two decades, 140 billion gallons of gasoline used "in the country"ry. you look at the new grains combined with cellulosic available in the country, you can almost replace gasoline in the united states of america. >> reporter: he says there's enough cell lows -- cellulosicproduce. >> it's 85 gallons per ton and then there's going to be enough grain in 20 years to just about -- produce about 50 gallons of ethanol with all the surplus we have because there's nowhere to go with it. >> reporter: it also holds tremendous economic potential for states like iowa and lieutenant governor says that's why they support development. >> this is an example how that works in adding value to our agriculture products is going to rim all through this
4:32 am
community and -- ripple all across this community. >> reporter: the government is getting involved. they offer up to a 30% downpaikt payment for the equipment and usda hanes seine tiffs in the crop assistance program. >> that's the front side. the b. cap through the usda, that's the matching funds, that's on the backside. >> despite all the hype and promise surrounding cellulosic technology, experts do admit there are several challenges that must be overcome to get into full scale commercialization. >> now the collection of feed stock getting it from the field to the biorefinery. >> reporter: yet, another challenge is capital or financing for these projects. >> the economy is still recovering. it's slowly, but it is recovering. we think the financing situation will improve. >> reporter: there are also political hurdles for cellulosic send for blend wall. >> that's why growth energy
4:33 am
increase the blend to 15% in fuel and a favorable ruling could jump start cellulosic production. >> realizing it will be a explosion of demand for this product. i think you'll see infusion of investment into the industry seeing new plants constructed and plants there looking to add on and i think you'll see a lot of money flow into cellulosic. >> reporter: with the e-15 waiver, it could replace a chunk of petroleum production. >> it will get us a million barrels a day reduction in our demand for foreign oil. that's bill big. we're importing about 12 million barrels a day. so, e-15 is a big milestone. >> reporter: park is confident they'll make cellulosic ethanol commercially valuable. the plant will be on-line 2012. when that happens, it means another revenue stream for farmers inserting america on the road to energy independence. michelle rook reporting for
4:34 am
"u.s. farm report". >> that's it for news. time for the forecast from meteorologist mike hoffman. well, we're in a cold pattern as we head through the first full week of january. you can see the jet stream diving into the northern rockies and going all the way down into the northern gulf of mexico and that's going to bring very cold air to most of the eastern 2/3 of the country even into the northern and central rockies as well. really, a majority of the lower 48 going to be very cold as we head through this week. lake effect snow is going to be ongoing as we start the week across the great lakes. you've seen a fair amount it have in some areas during this weekend. i don't really see a letup. there will be sometimes where it's not snowing much, but other times will wr it kind of comes roaring back in. you folks downwind from the lakes, going to see a fair amount of snow continuing this week a little bit of rain as we start the week along the gulf of mexico and a little snow in the up slope regions of the rockies. still, up slope snow going on as we head through the middle of the week a storm system
4:35 am
moving in out west. that will cut down the ridge that will start the day on wednesday. as you can see, and by friday that southern jet stream gets involved again and that's that storm system coming in with rain and mountain snows out that way. still, the northern jet just diving southward bringing in very cold air to the eastern 2/3 of the country. even you folks in florida are going to consider it being pretty cold at times this week. take a look at the next week's temperatures. thr for january 6-12. below normal from texas, oklahoma and kansas eastward to the eastern seaboard. above normal for the far western imawrter of the country from the middle of the mountains westward basically . let's check precipitation for next week then. you can see below normal for the mid of the of the country. most of the plains states into the southwest. california, nevada and on into the northwest probably above normal and above normal in the eastern states as well. near normal in the great lakes. 90-day outlook for temperatures. this has been our thoughts for the winter most of this time. below normal from texas
4:36 am
throughout the southeast. we might warm up to near normal for the great lakes. above normal for the northern plains westward. 90-day outlook above precipitation for the southern states. below normal for many places farther north. john? >> thanks, mike. when "u.s. farm report" returns, setting a new standard for sheep shearing. "spirit of the heartland" is next. find out why greg wall looks to dekalb to give him the confidence of other food brands. visit agweb.com/dekalb.
4:37 am
4:38 am
as we kick off a new year of programming here at "u.s. farm report", we wanted to look back at one of our favorite stories from 2009. while dealing with the intense heat of the texas panhandle, two sheep shearers attempted to set an endurance record for
4:39 am
sheep shearing starting at 7:00 p.m. 27 hours later, the two had sheared more than a thousand sheep. incredible. reporter erica goss takes us to texas for their story. >> we're going to shearing at 7:00 and hopefully stay at it for 24 hours out shearing so points count against us. at the end of 24 hours, if we've taken five hours of breaks, which i hope is not the case, you have to put the five hours back on there. >> reporter: yep, you heard him right. 24 hours of solid sheep shearing. this attempt at an endurance record was the brain child of doug, a professional sheep shearer from minnesota. >> since i have enough spunk in me left to do something and to set something, to get something started in this country. >> reporter: the world record for shearing sheet in -- shearing sheep in an eight-hour period is held by one in new zealand. it wasn't likely that record could be beat by an american,
4:40 am
and that's why he came up with the endurance idea. >> why can't america ever have a record? you know, something to start from. so, i decided it's an endurance thing. >> reporter: it was 105 degrees today y would sheep shearers from the northern part of the united states come to texas in july? well, this is one of the few playerses in the -- places in the united states that had enough sheep to accommodate and enciewrns record this have size. shearing for 24 hours in the heat takes a certain amount of mental and physical preparation. >> we've got to try to figure out at the beginning what kind of pace we're going to have so we can last at whatever we do. >> i look at it as three days ofshearing. i do it all the time. my equipment works. why do something different to that. physically, well, what are you going to do for that? i mean, it's the way it is. i've sheared in this barn for five years.
4:41 am
i know it's going to be hot. probably i think -- you know, to answer your question, mental. i've never once doubted not doing it. never once. just keep driving that in there. >> reporter: the shearers kept a steady pace for the entire 24 hours. they had been shearing sheep for years and have a good pattern. >> in reality, none of this works unless legs aren't in the right position, sheep is not in the right position, equipment is not sharp. what you want to do is stretch out their skin by lifting their legs up, shear the belly out, shear through the crotch, through one hip. every stroke you take at that point is setting up the last 2/3 of this sheep. you try and shear them in roughly 46. when you get good and tired, you start counting strokes. then, you realize you're wasting time 5-10 above that. >> reporter: in the end, doug
4:42 am
sheared 607 sheep, roughly 25 sheep per hour and he sheared 480 sheep, but 20 per hour. noa though they may not do another marathon sheep shearing, they will probably keep their shearing creeps careers for a long time to come. i'm erica goss for the "u.s. farm report". >> at the rate they were going, gavin was shearing a sheep every2:58. doug was finishing the job in 2:23. most amazingly, the guy counting them stayed awake. up next, baxter black in the story of a memorable camp cook. we'll be right back. head straight for the case i. h. exhibit to connect with industry experts, track the latest trends and network with ag leaders. you'll find visit from baxter black - welcome back. time for our weekly visit from baxter blafnlght he joins us with a colorful tale of a one of a kind camp cook.
4:43 am
>> brother dan ran a big hole. he enjoyed a lot of repeat business due to his reputation of having the most entertaining camp in western montana. the star of this big hole wilderness experience was big eddie. a puppy-hearted, pit bull, power wagging cross. at 6'6", 280 with a full bared, he took up a lot of -- a full beard, he took up a lost room in the two-man tent. he was official lead camp cook. one twilight, a member of the hunting party came in dog fired. he swung up the trail towards the hot tub and took a good soak before supper. unbeknownst the to him, big eddie was basking in a little hot water therapy. as a hunter stumbled into theclearing, big eddie rose to his full height shedding water like a 300-pound buffalo.
4:44 am
the frightened hunter ran into the camp screaming there's a grizzly bear in the hot tub! on another occasion, big eddie had stayed in camp during the day to watch the so you are dough -- sour dough rise from the tempt tent that morning and spotted a nice cow elk. eddie stepped through and his suspenders caught on the upright and a shot rang out. the propane tank exploded, the supply sent tent caught on fire disintegrating a pack train full of down-filled, waterproof, brand named, color coordinated, ecoapprove nothing under $300 stuff. not to mention, a couple of weather beasts. despite his frequent screw ups, eddie had a way of reminding the visiting hunter they were in the presence of a primitive
4:45 am
force. eddie served stew one night. the whiner start with a spoon --stirred it with a spoon and griepd "i don't like carrots." big eddie bent over the petulant hunter and took the plaintiff's fork and picked the carrots out of his bowl one at a time and ate them. "there,." he said. this is baxter black from out there. next week, baxter offers hisdid he have figures nor -- definition for just how much a cow-full represents. until then, read his tales on- line at baxterblack.com. please, stay with us.
4:46 am
4:47 am
oh! blue! time! time out. i touched it. i touched the ball before it went out, coach. come on, alex, the ref did not call that! you gotta be kidding me, alex! it's the championship game! talk to him, coach. i touched, it's their ball. don't foul them when they inbound. team on 'three.' one, two, three. nice going, alex. sorry coach. alex! good call. "the general," a tractor once tractor tales this week introduces us to the general a
4:48 am
tractor once sold by farm bureau. >> 1941 general gg built by cleveland tractor company, cleveland, ohio. that is the tractor company that built the c-track tractor in the early '30s, '20s. in '39, they built a rubber- tire tractor, but they needed to sell it through somebody else to help them promote it, so they sold it through seven different tractor companies that same tractor. my daddy had a bfa maybe 100 years ago when i was just a kid. it came out that i thought i ought to have one and i bought a general and dfnt know enough to quit. i ended up with i got half ton general -- half dozen intelligence now. i'm not sure. this tractor was sold in the northern tier along lake ear and ohio through the farm bureau organization. it was sold in the sum of michigan by farm bureau organization.
4:49 am
it was sold in southern indiana as a co-op tractor by the national farm equipment company. sold in canada as a massie hera. sold in the montgomery ward store. it was only like $595. that was the need thing about it. at that time, the boys left the farm, go to the war, the old man had to do the farm all by himself. team of horses was slow, so they got the tractor involved. i started out with my first tractor as a 1939 general. it was -- i cleaned it, painted it. it was orange, perfection orange. just like alice chalmers am i painted that one. i took it to show. everyone said you paint it had the wrong color. i took the paint back off and put this color on it. whether it's right or not, i don't know. >> our runt country church salute travels to wisconsin to the first lutheran church. they celebrated their 120th anniversary this year with a
4:50 am
special service led bay home grown pastor. reverend gordon scott the newest member joined reverend bob to lead the service. reverend scott was recently ordained and called to the grace lutheran church in marshfield. we thank dawn for sending in her church information. as always, we'd like to learn about your home church as well. salutes can be sent to the address on the screen. please, stay with us. mailbag is next.
4:51 am
4:52 am
4:53 am
closed captioning is brought to you by optimum brand innovations from pie here hybrid. science with service delivering success. time now for our weekly look inside the "u.s. farm report" mailbag. l. c. mashburn brings up a recurring complaint about food and farm price. i wish when commodity prices riedz rise and fall you would report how much prices fall and rise in the stores. i feel farmers and ranchers don't get the support they need from consumers. elsie, there's a problem with how farmers have framed this issue i think. for every few months, we announce how little consumers pay for food relative to disposable income, but then we complain farmers only get about 20 cents of every food dollar. this is confusing for consumers. if 80% of the price is
4:54 am
controlled off the farm, then shouldn't farmers only get 20% of the credit for affordable food? in addition during the big run up of corn prices in 2008, corn farmers announced a study suggesting corn prices barely impact food prices at all. i think the bigger issue is our own focus on physical things as opposed to services. the next time you're hungry, go look at a cow or bin of soybeans and ask what you would pay to have that turned into a big mac or burrito. it turns out the market is pretty accurately aloe indicating returns to the value added. after all, if farmers are not being adequately compensated, why are we struggling with surpluses of corn, hogs and milk. better yet, how are we paying record prices for land? please, let us know what you think. feel free to contact us directly. send e-mails to info@usfarmreport.com or call
4:55 am
800-792-4329 and leave us a voice mail. for al and mike, i'm john phipps saying thank you for watching "u.s. farm report". be sure to join us again next week. we'll be working to do even better. "u.s. farm report" is "u.s. farm report" is produced and distributed 
4:56 am
paola... sí, mama? ven aca, por favor. i don't know how my mom knew. but i guess moms always know. i wasn't being very nice to one of the girls at school. i knew it was wrong. i knew i wasn't supposed to be mean. i guess i didn't think it was a big deal.
4:57 am
but in one sentence my mom helped me understand. she said, "mi hija, you need to treat others "the way you want to be treated." i thought about that a lot. i still do. life's most important lessons are best learned in the home. ♪ what if your brother or your husband or your daughter? what if your son came back from the service with a spinal cord injury? a quadriplegic. a paraplegic. in a wheelchair. (male announcer) when they volunteer to serve, we expect our country to be there for them if they are injured. for more than 60 years, paralyzed veterans of america has been fighting to ensure that we receive all of the benefits that we've earned. (male announcer) benefits to help with medical care,
4:58 am
rehabilitation and training. and our dedicated professionals know how to navigate the system so our injured veterans can concentrate on getting well. thank you paralyzed veterans for helping our daughter. my husband. my son. thank you paralyzed veterans of america for helping my brother. (male announcer) to learn how you can help our injured veterans, visit paralyzed veterans of america at pva dot org.
4:59 am

209 Views

info Stream Only

Uploaded by TV Archive on