>> today on us farm report, once again the huge bump in farmland values is announced. the usda goes to bat for american exports. and, our market experts unravel at tough week for commodities. the us farm report is brought to you by the less weed control system, nationwide agribusiness, the number one department sure in the us, and, the world top. and fined 2012 2012 shavit overwrote hd. >> welcome to us farm report. i'm john bids. i know i avoid upsetting jam as much as possible during the week before this home game when she is

occupied with recipes, decorating and bedroom assignments. but it could be even trickier than usual for those supposedly casual family conversations this year. politics looks like an obvious unexploded bomb to avoid and certainly the current blending with religion widens this area. penn state has he been made for paul but little iffy. but maybe the one topic farmers should avoid is how bad the economy isn't for them. time now for the headlines. >> just when you think the price of private american farmland can't keep climbing, that's exactly what it does. i report out this week for both the kansas city and chicago fed banks showed prices claimed of robust 25% in the third quarter. the chicago region covers southern wisconsin and most of michigan. the kansas city region includes nebraska which saw an incredible 40% jump. and i will values jumped 31%.

now that that doesn't release specific figures, farm land and in the hawkeye state now averages over $6000 per acre. the ongoing streak of commodity prices and low interest rates have combined to push prices higher. >> the factors that were in place to put this strong run-up that we saw in farmland values the last couple of years have not changed. we still have strong profit opportunities available in the green sector, or profits, soybean profits and the projection looking ahead for the 2012 crop and even early peeks at 2013 look pretty favorable so those conditions haven't changed. >> osten says the interest rates are low and indicates it will remain those. buyers are taking advantage of the strong commodity prices to invest in land. also the agriculture department reaches out to further expand

export opportunities for american agriculture. while on the trade mission to asia, tom bosak announced his department will fund export activities to the tune of more than $200 million. it will be split among 70 some ag organizations in the us. ag exports are up right spot any economy with sales expected to top the record high of $137 billion for the 2011 fiscal year. those are the headlines, now back to john for that crop watch. >> crop watch this week is to breathe the same beginning and northeast indiana. the harvest that alumni for this month, an icebreaker of the challenge of hunting season and the dry hot summer. yields like the soils vary

greatly from field to field. in louisiana the sweet potato harvest is nearly done. crop watchers say about 9098% has been picked. and in south carolina soil moisture continues to be her problem. every county and the palmetto state remains in at least some moderate drought. as for harvest, 80% of cotton and 90% of peanuts are in for the season. when we come back, outbox markets. the discussion begins in just two minutes. please stay with us.

roundtable guests this week we have mark north from n. and stewart peterson. mike, give us the summary of what happened this week back every week as an initial week but it's been the very unusual week this week. >> it's often said that there are two primary emotions that drive the market, fear and greed. i would say in this case it was the former rather than the latter. beer definitely got the grip on people this week. as more news came out of europe, we saw italian bond yields rise to 7% which is somewhat of point of no return in some cases and it got investors worried about that

competed at the issues coming out of europe for the past six or seven months. to add to that, discussion is now circling around spain, and potentially now grants. they just been said concerning picture for anyone investing in an marketplace that involves leverage msr commodity market. >> when you said leverage you are talking about commodity markets? >> yes. and we saw the corn market dropped $0.30 this week, with all soybeans go back to the lows that we established in the last break prior to the recent rally, we actually broke through them on friday. we are seeing about the pullback on cattle and on milk and it's pretty broad-based. >> pretty broad-based, all the markets are down this week. what is it doing to your customers and to the producers out there that depend on this market? because a lot of guys put a lot of corn and a lot of products

into the been waiting for higher prices. what's happening to them? >> is made to rethink. two or three years ago, a lot of them said, i'm done with storage, is in the bin and is locked up and i'm not ready to touch it for a while. after spending some time looking at things, that tone changed. and they say, look, i have the chance to sell high-priced commodity. basis levels are historically high. i have $6 plus corn, and for those with the good corn crop that's a lot of revenue sitting in those things. so i think that mindset that i need to play contract out some of this porn, i can't let something like this slip. >> and something is imploding in work that we have no idea how far it will go. because it is effecting us

right now. >> as mike mentioned, if the confidence level issue. visit ton of money on our sidelines for those ready to go into the marketplace and by these tight supply commodities. >> you used the term tight supply, are we really didn't take the play in your judgment? >> absolutely. we have 800 bushels of corn projected to carry out. anytime you get below of billion, that the tight supply. and as we saw in 2008, back and change. in 2008 we are projected at 275 million bushels carryout and after of the big field hike, we also added another 900 million in terms of lost demand. and when you see this type of concern over the financial conditions of the economy, demand has tendency to retract some and some people don't

move in and more hand and mouth type of environment and suddenly you end up with more supply than you thought you had. >> let me come at you from the different direction at this period of time, because i have talked to directors and the last three years has been very good for producers producing agriculture products in the united states with the exception of terry. we won't talk about that right now. but that means there's more money and land values are going up this period of time nbc's prices going down, so where are we going to be in the next year or two? >> let me jump in. anywhere from eight or $10 per bushel, all the way down through old. if we step back the little bit in agreement with mike, we could quickly build carryout. if we could take corn

production up to 165 bushels per yields, you could pencil in and carryout jumping up to 2 billion bushels. that's the sub worked at the corn and below the cost of production. >> we are going to come back and we will be talking more about this on more us farm report and just a moment.

>> they didn't mean you honestl to forgive you? >> our guest this week we have mike north and brian doherty from stewart peterson. bryant were talking earlier about the prices and how they were doing and that sort of thing. i heard you say $4.50 coin and then of the farmers at one point in time thought that was good. a lot of them are home at $8.

but we also talked about how much land prices have increased in the third quarter of this year, 25% on average. some states a lot higher than that. >> everything is relative. the cost of production is $4.50 or $5, not very good price for corn producers. when you look at the market historically, we have attended the bull market years to look out there and see the profit levels that they have the tendency to disappear because input prices rise. they need to be on their toes and as we look ahead we have to look back. what i mean by that, in 2011 we had assured yield ended 2010 2010 the head of short field. when we come back but the big crop in 2012 yugo 2 million and the matter of months. >> well, absolutely. there is always at drag, time

lapse between the rising prices and rising inputs and falling prices and falling inputs, and frankly, we have the perfect setup going into next year to see the massive slope in prices. and would say if you go to 2 bushels and carryout, i hate to say that, but my number for next year -- >> well, exactly. so as i look at the possibilities of prices moving to such the level, i better be sure -- if i'm the producer today, i better be sure that i'm doing some marketing and getting some things done to protect myself from such an event. >> of the answer should be that you work it out ahead of time. what about the guys that

are sitting there twiddling their thumbs waiting for things to help them? what would you recommend for them that they haven't sold anything ahead of them. >> don't give the guy that stores $6: hoping for eight so you can sell it at three. >> i like that ... it's funny. >> we see guys do this over and over again. we say is the good time to make profitable sales. get it sold. we have the great basis. the market is telling he that want green now, forget about storing it. >> this talk about general economy. do you think we will catch up with europe and their downfall? >> of the good question. the worry is, we have the repeat of 2008 at unless it's greece falters for italy altars, one domino falls and that the

domino effect. you have the panic situation or potential for one. with that being said, banks have a lot of money right now. they are flesh. the us economy is in poor shape but not terrible shape. i think it's more isolated than other parts of the world but that being said it's not the momentum builder. it will be up for. you follow problem that took 15 or 20 years to build. you don't solve it overnight. hopefully with the decisions made now for download prosperity. >> and that is expecting her commodity prices and will be for a while. we are talking about actual supply of the commodities but capitol for investment is really affected. >> absolutely. if you go back over time we've seen response in the stock market, her response in our

energy prices, the response in our food prices as money has flowed into the marketplace. and as it contracts, this 10 day contract as well. and, the government finds itself in trouble. bad choices lead us into it dot that environment nbc's prices retract. you see things movable are and that's the rope that would walk right now. if in fact they make some poor choices than we will be in for her really bad economic run for the next four, five or six years. >> while i will summarize what you guys were telling me and that is that you need to put it on paper and make it work for you otherwise the proper potential is not there. we will be back with more us farm report and just in moment.

>> let's check on the weather with meteorologist mike hoffman. i know it's november and supposed to be indeed but why when i'm driving north of south bend, both in the south of north and the next day and driving south of the farm and the wind is out of the south. >> maybe switch your days. >> something. that's the battle between the warm and cold air this time of year. the drought monitor is obviously something we have to concern ourselves with as we head towards the next growing season and it appears like we are going to start off in pretty bad shape and much of

texas, oklahoma and parts of new mexico, because under the current weather pattern we don't see a lot of moisture for you folks. it is dry across the northern plains which may get help this winter and the southeast is very dry as well. you can see much of georgia and parts of south carolina. we do have the drought coming out of the southwest which would get some decent chances in the drought areas which could be good news. now here is thanksgiving, this is very cold air and you may have heard, building up of much of western canada. it's already made it over the northern montana but will be shifting further east as we head towards the weekend after thanksgiving. so you will have to watch the pattern and the forecast next week if you are going to be traveling for the holiday weekend because it could get kind of interesting. here is the way the things shape up. we do expect the stationary front all the way to the atlantic states than this slow- moving front of the possibility of giving you these ingrained in parts of texas. still the chance of showers and thunderstorms there, that storm

system moving up to the middle of the country. you can see the ohio valley into tennessee valley and the ship quickly into the northeast as we head towards the last day of the week. we will see another storm system coming in out west and that will be causing some pretty good spell on western fringe. that was eventually into the great lakes and that can produce no further east as we head into next weekend if you are going to be traveling. coming up in the next half-hour will look at the longer-range outlook.

much has been made of the allegedly secret process to read the next farm bill by using the super committee structure to avoid the hearings. this is an accurate description of what's happening but does it matter? farm bills have been in my lifetime of sausage making process that in and were decided by public

conversation somewhere but the handful of powerful legislators and lobbyists. given that congress has shown little ability to pass even wildly popular legislation, it's surprising that workarounds are coming into play. but more importantly, farmers who are holding there breath wondering how the next farm bill will affect them may be attending the long anxiety. any farm bill that meets what seems to be fairly strict cost reduction rules will have diminished effects on producers. doesn't really matter how devious the process is that the payout is trivial compared to commodity prices and input costs but then there is the very real possibility that the super committee will be unable to agree on the legislative answer and trigger across-the-board budget cuts that will change the landscape drastically for one bill negotiators. so while concentrating on with us in washington, it appears to

be that they will also be less than crucial us to buy out offer it back on. much of culture is simply outgrown the farm bill. just do what you think. send e-mails to us farm report it, or call and leave us of voicemail. coming up in the next half hour, chip fully takes us outside on the farm. the second half of us farm report is coming right up. >> today on us farm report. across the us, shoppers are finding things could and will definitely cost more this year.

high costs has turkey producers putting feet under the marcos cope. and aquaculture has grown to the major industry of the demand for protein explodes. >> us farm report is brought to you by the endless weed control system, nationwide agribusiness. nationwide agribusiness is the number one foreign insurer in the us. and by yamaha atv. and by the 2012 chevy silverado hd. >> hello and welcome to us farm report. i'm john pitts. thanksgiving is the time and food and far more powerfully linked together. from the traditional piece to the nostalgia worldwide. this more than any other java light on her business. while farmers are one of the most visible links in our food chain, the system takes

all kinds of labor. as we bask in the spotlight of thanksgiving it would be good to also grant due credit to all the other players who turned crops and food. in an age of business like farming is part of the complex gloats planning system. we need to work to make sure we truly represent how it works for all of us. but it started with the headlines now. >> thank you john. it comes as no surprise to any of us who make regular trips to the grocery store, the price of the annual thanksgiving pieces on the rise. and if the price check, the american farm bureau says the average cost of thanksgiving table column about 13% this year. the star of the show, the 16- pound turkey with the increased upper bout of dollar 35 per

pound from the year ago. and the average cost for beasts that beats tent will top $49 this year, up nearly $6 from 2010. researchers trying to come up with cheaper source of feed for turkey producers. he makes up 70% of the cost of protection. be included just the right amount of amino acids to help with turkey growth. >> if everyone in the industry does this, they will say something like 8% on their feed costs. so when you have almost 2 billion and trees each year and you could save 30%, there's potential for hundreds of millions of the cost savings. and hopefully that will be passed onto the consumer in some form. >> the new report from the united states outlines the growth of aquaculture throughout the world. that provides barely half of all biscuits and globally making it the fastest-growing source of animal protein around

the globe. the report shows that will push production grew from 50% through 2008. the asia-pacific region dominate the sector accounting for 79% of reduction, direction. and the full-size combine is created with the help of more than 300,000 cans of food. they can do project kicked off last weekend wrapped up thursday. the result was akin to to combine that measured 60 feet wide, 80 feet long and weighing nearly 170 tons. dear says it was the way of supporting farmers with hard work and harvest and also focusing on hunger issues in the midwest. that's it for the news, now my coffin joins us with the

national forecast. >> obviously with thanksgiving coming up later this week, lots of folks will be traveling so we will be watching the weather for you. at least to start it will mainly be rain and the good news is with the jet stream coming out of in mexico, this brings up the but the duties of just assuming to cross texas for change. i don't see the pattern last to long the media couple of ohio valley and mid-atlantic range where they don't necessarily need the rain. the cold air will be complained north of the northern jet, and that's why we have two just here because there are huge differences from the north to the south. here is the trough moving to the southern mississippi valley which will be causing showers

and thunderstorms and showers into the ohio valley, the next storm system coming in out west. this will have to be watched as we head towards thanksgiving day because by friday we are expecting -- i should say thanksgiving weekend because by friday we are talking in the rain and the northeastern plains found into west texas. possibly some good news here but snow on the western fringe. another one forms and heads into the lake and no one will be interesting for next saturday and sunday. let's go out one more week, and this will be the week from the 20 seventh of november through the third of december. i do see it below normal temperatures to the northern territory state. this will be about all ended the cold air will win out. it could turn much colder for the second and third, and we might say normal now that you might be above normal for the, a while -- warm-up. precipitation for next week heading into early portions of december, above normal for the

southeast into the great lakes and what these also out west below normal for the rest of the plane. alone in the normal pictures, you can see from the northwest coverage of the country and western great lakes as well much older and starting to come in during the second half of the next 30 days, above normal for texas and precipitation normal for the great lakes. normal down into the southern plane. john, i do continue to believe there is going to be upset but to winter at some point. >> sometime around the point of december. >> that is kind of appropriate. happy thanksgiving, mike. spirit of the heartland is next.

>> it's time now to head outdoors on the farm with pro- farmer editor and avid outdoorsman skip lorry. but the good hunting segment without an memorable theme song? we have that covered thanks to justin moore, an up and coming music star who joined us on the hunt at timber ridge ranch in northern michigan. >> i everyone, i'm just in more here with my buddy chip flory. i'll come to outdoors on the farm. now go ahead and roll that awesome theme song. ♪[music] would get up early before the rooster crows, and feed the cows and plow the rows. >> this one is close, they are

within 4250 yards, we could probably shoot them out the back window. i think we will just have to be patient. we know they are here, just need to get them to come up and around. they are going to hang out down the bowl while dot mac, there for for a while. just hang out down there for a while. ♪[music] >> i have to ask you this, why did you do this? we have got the best theme song at any show out there. >> i don't know, i don't know

about that. the best theme song. >> it is. aflac. >> it's been good to get to know you guys and anytime i have the opportunity to mix two things that i love, music, hunting and fishing or anything outdoors, i am in. we had fun doing that and i'm glad at the good fit for you all. >> is absolutely killer. and jeremy wrote it and you guys put on the heckuva show last night. it looks like you guys are having fun. >> we love doing that kind of stuff. i get to pray, play for a lot of big crowds and plug it in and turn it up as much as i can. especially being the songwriter is fun to play the smaller more intimate crowds and that's kind of how we all started. >> just watching over their play around in front of us, but that's what it's all about.

getting the big bird up. >> justin, i wish we have more and then not on this truck, like maybe a few feathers in the truck. but that's hunting. >> that's why they call it hunting and not killing. like earlier today we have some coming towards us and somebody cut us off. we are going to have to do it again. >> to learn more, go to our webpage. we will hope you'll join us next week for our harvest of tanks. our annual should be too american agriculture. hard to work up to 2011 harvest includes stops in nebraska, iowa and nevada. up next this morning, storytime with baxter black. please stay with us. time now for our

bi-weekly visit from baxter black. this weekend he of >> ready or not, it's time now for our biweekly visit from baxter black. this weekend he offers up the coffee shop communion. out beyond the skyscrapers,

the suspect suburbs or even the three lane highways, you will find they were across between the united states senate and the group therapy session. we were all ready with home cooking where everyone is invited. these are people who have wisdom and has never been wasted and ideas to save the world, but have never been topped. you will find them at the stillborn, they have front row seat that they have been bought but doit day old cap senator got beat. if the player that you pay too much and sure enough, you did. they cover all the bases like doctors making rounds. ticket each gruesome detail right and that they meet and

tom town coffee top shops and community were regular clientele present their unique points of view. like it was show and tell. they stay after all the gossip like judges on the bench and search to find the structures among the evidence. what has happened to the country? what is wrong with kids today? who was the last good governor? how about the price of hay? they solve all the world problems, sacrificing to it, and if you asked them why, they say, someone has to do it. when mankind is going awry, still let doyle pausing just to take the bite of pie. they have raised their humble pastime and greatness is no doubt. they deserve the black belt in the art of hanging out. the sign should be erected in every town's cafi in honor of

the miracles performed there without pay. but upon this site each weekday, agreed to simple plaque, six begins in their seed corn caps turned members of the pack. this is baxter black. from out there. >> baxter will join us again in two weeks but until then check out his work online at baxter black dcom. when we come back, i'll returns with cocktails and our country to salute. please stay with us. you have for us

this week? john we've got a unique tractor is. >> al is back with us with tractor tales. >> sean, we have attractor with the memorable color, take the look of this. we are off to ohio to check out the one-of-a-kind farmall cub that was used for promotional purposes. check this out. >> they were only made in three months of 1950, january, february and march. the company did this as the promotion. they painted it and that's because the super eight were the only ones painted white and with saint out to the dealer to attract attention and hopefully

increase sales. what's attractor was told it was required to be painted wood, karen. i couldn't sell it if it was white. when i started tearing attractor down to have it repainted, the inside of the hood was white and the wheel hub was white, so i know that i have one of the original white tractors. they are worth more than the standard red tractor and when people ... they started taking the drug once white but that can be verified by the serial numbers and this is one of the original white tractors. the tobacco farmers use them a lot where they did one grow out of time, and it also pulled out one bob plow with approximately 425 disc. these are using approximately at gallon per hour under our full load. if the three speed transmission with one reverse. it was probably the one weak

point, they could use another jew or two. but overall it was the very proper little tractor. >> distractors were offset to the left of the driving seat and steering wheel war on the right. the idea was to give the farmers accuse you of that well in the field. our country church salute begins in the golden state as we recognized chanda united methodist church chanted, california. the church was started in may of 1991. the first building was destroyed by arson tonight. but the new century was quickly rebuilt and dedicated the following year. with 55 members, they are strong with the bell choir and to give away each month. our second salute goes to the crossroads community church in kokomo indiana. founded in the spring of 86, it's the second oldest

congregation in the county. over the years the church has been moved four times. today it's at someone on 8 acres as the congregation at 3000. the pastor is jeff harlow, of all time farmer. as always we want to learn about your home or just wow. salutes can be sent to the address on the screen. stay with us, mailbag is next. time now for our

weekly look inside the farm report mailbag.... long-time viewer rock katschnig is >> time now for obliquely looked in upon the port mailbag. longtime viewer rob tkachuk is

upset about farm safety rules for children under 16. these rules would apply only to nonpayment members. the proposed laws and restricted activity for families in agriculture makes one wonder how remote from the world are these people? there has been an out cry from arms about cumbersome regulations but that's what's at the actual proposed changes. these are only for nonfamily workers on the team. they are banned from having pesticides and must have 90 hours of training on the job. they are banned from working in grain elevators, no ipods or cell phones while operating on the vehicle that gps can be used. all vehicles must have the will of protection. description does strike me as having too heard some adjustments, otherwise the same producer world to me. farmers would consider this as well, their safety rules provide employer with some production.

talk to your attorney or talk to your insurance agent. farms are the only place in america with children are regularly injured and killed them that council to leave is not increasing. changing award back in can't attic is not required in an unsafe workplace. as always, we would like to hear from you. send comments to yell back at us army port dcom, or send us the voicemail. i am john phipps saying thank you for watching us farm report. be sure to join us next week where we will be working to do even better.