students would do a business plan and do a presentation to their colleagues about if we took that bushel and this bushel and compared it to the ones being grown and what would it cost to be organic and non-organic and let's write that up and present about that and someone may even actually compose a song about that and let's do a song about that and we have an opera in our schools and they will do an opera about our fresh fruit and you go to the high school and take students that talk about recycling and they take that repsychable compost and use it to engines that run on alternative fuel and they tweak it and they get the best performance they can and write about it in the paper and they compete and then they go to their internships in their communities and work in our culinary restaurants and go to their chef and cook up what they have grown in their school sites and they are learning about nutrition, economics, science and able to community and able to make it real. isn't that the vision we want for our students in san francisco? what a rhetorical question. >> one of them will win the

within two years reserves fell from 863 million bushels to 265 million bushels. average price of all food in the united states rose 20%. this shock to the food supply caused an inflationary surge. but it was a different kind of inflation we'd previously experienced. what made it different? alan blinder professor of ecomics at princeton university, comments. well, typically, the major cause of inflation is an excessively rapid growth of aggregate demand, of the demand for goods and services a growth rate that outstrips the rate at which the economy's productive capacity is increasing. this is sometimes put in the phrase "too much money chasing too few goods." but there's another kind of inflation, often called cost-push or supply shock inflation, that is caused not by demand growing very rapidly but by supply growing very slowly, or even, in some cases contracting. schoumacher: and so, america was faced with this new kind of inflation one based on supply, not demand. consumers were furious and protested vigorously. we want to boycott meat, we don't want to eat it,

they were down earlier as much as 17 cents a bushel.usda reported that the forecast will be smaller than expected, even though it will be the fourth largest on record. it will leave the u.s. with lower than expected stocks of 150 million bushels, so they're predicting that will mean higher prices of 11.50 to 13.50 a share. you can see they shot up -- they've given up some ground, but they were way down. kosh moved the other way. it fell further after the usda says we're going to have more corn. everybody expected a cut in last month's forecast. no, everything went up. yields are going to be better. prices are going to be lower. we'll have more corn. it will be, if expected, the largest crop ever. at 13.8 billion bushels, up 28% from last year's drought. finally, we look at wheat. wheat supplies, wheat's also down now, supplies higher than expected. imports from expected to grow from a larger crop in canada, and world wheat production, guys, the usda is saying, will hit a record 709 million tons, while global wheat consumption should dro

today we are getting 160 bushel per acre. have to expand in orders to give more of the know. john: food is not cost more? >> it sure doesn't. >> the fact of the matter is ethanol diverts more than 40 percent of the nation's corn crop away from food for humans, feed for cattle ranchers, poultry farmers that has a negative impact on prices. -in the sense that we pay more as a result. john: thank you. i say pay for your own ethanol and stop asking me for special deals. coming up, greedy oil companies. i say they actually do a wonderful thing for us. we should thank them. you've disagreed. but next, energy independence. how can that not be good? one of my next guests says independence is meaningless. [applause] ♪ you know throughout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. ♪ [applause] john: rate is

when i was done your bushel said it was one of nuclear attacks on america as israel explores syria and land coming up. rebels warning bell strike the us. even weather forecasts are now used as a weapon. and why syria is being called the last to paddle. sixteen degrees in holmes means that sixteen hundred cameras full saudi are obeah and could saul's al-jazeera would be in holmes town square tun up shelter a rebel slogan for five minutes and get paid in cash by the saudi u.s. networks which can then show this country's entails highly skeptical of the c.n.n. and b.b.c. versions parliamentarian nick griffin went to see what syria was actually like he found it fitted different like quite normal. to get it. out explaining that. this is the rules are that there is still a wall being waged against these people hate an obviously and even effect as well. he said that i think he's saying the last few minutes just. for. the most life days nic joins us now great to see you so where the saudi will hold these or u.s. backed al qaeda is this forward driven it clearly is for injuries and. i mean just

one of daniel bushell said it's born of nuclear attacks on america as israel explores syrian land coming up. rebels war they'll strike the u.s. . even weather forecasts are now used as a weapon. and why syria is being called the last to travel. sixteen degrees in holmes means that sixteen hundred cameras for saudi oil are obeah and could saul's al-jazeera be in homes town square ton up shelled a rebel slogan for five minutes and get paid in cash by the saudi u.s. networks which can then show these countries in chaos highly skeptical of the c.n.n. and b.b.c. versions parliamentarian nick griffin went to see what syria was actually like he found it fairly different like it quite normal. to get it. out explained that. this is the rules are that there is still a wall being waged against these people taking hold of this city and that even if it does well. he said i think he's saying the last few minutes just.

the september production forecast was increased to 13.8 billion bushels from an august reading of 13.7 billion. meanwhile, the monthly report projected soybean production of 3.1 million bushels for the 2013/'14 marketing year. the september production is down 3% from the august forecast, but it matched analysts' expectations, and we see a gain of 2%, ty, in the soybean market. >>> well, sue, dell shareholders have approved founder michael dell's plan to take the pc giant private. end of a very long, drawn-out saga for sure. so what is next for that pc company? jackie deangelis has been covering the meeting in round rock, texas. jackie. >> reporter: good afternoon, tyler. well, that's exactly right. the question is, what lies ahead, and there are many unknowns when it comes to what lies ahead for dell. what we do know is with the vote behind them today, now it is up to michael dell and silver lake partners to not only execute a devise but a strategy to turn this company around. a lot of people think that is very doable including activist investor carl icahn who's been very openly opposi

a bushel of wheat that cost the roman dollars cost $120,000.n powell and jeffrey tucker join the currency debate thing that we better be ccreful that the american dollar is already going down. what do you think? >> i fear that inflation ii low. >> are you kidding me? grandmothers are rolling over in their graves right now. any young person has heard someone say i remember when not cost a nickel. the currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn't a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. >> it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let's go back to the rome parallel. they traded and they prospered and they did what most politicians do. >> he empire kept expanding and eventually run 180 day ahead the maximum extent of the empire so

i buy them by the bushel full at farmers markets and dehydrate them. >> how do you dehydrate them? >> i have a food dehydrater. >> my friend samantha has a bag of strawberries she keeps in her purse all the time. a nice healthy sphak. >> look at this. -- snack. >> look at this. that smells good. >> these are a sweet hot pickle. my family fights over them. they don't know that i made these last night. they're going to be excellent tomorrow once they have a chance to sit in ving gar and they'll be gone -- vinegar and they'll be gone by tomorrow night. we have green tomato chutney and pros shoot toe -- prosciutto. we have brie and crackers. >> i like brie. these jars down here, this is familiar. i don't know what's in them. what's in them? >> those are pickled tomatoes. the yellow ones my daughter grew. she had her first garden plot this year. >> how old is she? >> eight. she's really proud of her yellow tomatoes. those are pickled in a champagne vinegar. my garlic is in there. my dill is in there. they're really going to be special gifts this year. >> of course you have string beans

a bushel of wheat that cost the roman dollars cost $120,000. then powell and jeffrey tucker join the currency debate thing that we better be ccreful that the american dollar is already going down. what do you think? >> i fear that inflation ii low. >> are you kidding me? grandmothers are rolling over in their graves right now. any young person has heard someone say i remember when not cost a nickel. the currency has lost its value. it takes $23 to buy today what 1 dollar could back in 1913. john: and had to go all the way back, paul krugman would tell you that inflation is 2%. but this isn't a big mystery. they started paying interest on the extra reserves. if that actually gets went out, then we will see higher prices. >> it is a serious issue. you can get a return on your money anymore for savings. that is precisely what we are discouraging. john: let's go back to the rome parallel. they traded and they prospered and they did what most politicians do. >> he empire kept expanding and eventually run 180 day ahead the maximum extent of the empir

>> i know we get these names but they are basically a processor with 13 billion bushels this year withnd the farmers from l.a. know this and as a result reid allow the chinese company tries to buy it and we applaud the hedge fund. liz: so you tell me what you want to talk about. >> i mentioned what would double that is called navistar at 80 million shares that basically make big class trucks but carl icahn buying the stock each own 15% rethink the company's position for fairly good growth in the revenues could be $6 a share liz: there is the year to date picture. >> i hope there is a lot of trauma in then we buy some more later. liz: this morning you said i will end with diaper companies. >> coming out talking about research so in that context the number of children being born on their own is a constant it could be a more child policy but they are spending more money but as people get older there is a need for incontinence types of products in this sounds messy but there are two component one company is from new york put it is then they a confederacy. liz: i told you he is obsess it is

corn drops $2 to $4 in the next couple years with normal weather they will lose $ $1 or $1.50 per bushel. >> reporter: he says he's skeptical about making any new investment. >> probably very conservative until i see how things are shaking out. they are a lot lower than they are today. >> stewart is content to browse instead of buy. al jazeera, decatur, illinois. >>> well, we're here with your sports headlines an serena williams looking to avoid up the set at the u.s. open. >> that's right serena williams definitely the queen of the court but did you know there's another american that wants to be your leading lay the canes. remember the 20-year-old stevens beat serena earlier this year but night on center court serena would get her desrepblg becauser revenge. serena is moving on to the quarterfinals. andy murray also on center court today and is far -- winning straight sets to advantage in to the round of 16. let the phaous eub play, florida a&m famed band the march 100 returned to the football field for the first time in nearly two years after the hazing death of a drum major. and the b

corn drops to $3 or $4 over the next couple of years with normal weather, farmers lose $1 to $1.50 a bushel reporter: he thinks technology and equipment could be where farmers cut first. dave stuart replaced his planter and combine in the past year, but he's skeptical about making any new investments. >> i'll be very conservative until i see how it shakes out in anticipation corn bean -- corn and beans will be lower than today. >>> we have the sports. big day at the u.s. open. >> must-see tv. all eyes on the ladies this evening, but it was an epic battle between serena williams and sloane stephens who is considered the future of tennis. the 20-year-old stephens is one of three women to beat serena this year. they have a rocky relationship ever since she beat serena at the australian open. sloane stephens was in the far corner. serena hits the open set. serena has won 16 grand slam titles. at 31 years young looky here. serena is making a statement. she can still cover the court running around with the youngster. she wins in a straight set 6-4, 6-1 to advance to the quarterfinals. she proves

. >> and apple looks to polish up its product line with a bushel of announcements tomorrow. will the market like what it's going to hear? we'll see if the products and stocks will pop. >>> welcome back. mortgage mania helped lead to the great economic downfall of 2008. federal housing administration played a key role in the run-up and in the aftermath to get things back on track. so, what's its role now? a diana olick has that. >> reporter: when private investors pulled out of the subprime mortgage market during the housing crash, the fha stepped in. the government mortgage insurer went from about a 3% market share during the boom to over 25% market share at one point. now, as lawmakers try to figure out how to extract government from fannie mae and freddie mac, some are questioning whether the government should be involved in the mortgage market at all. they point to the fha's very high delinquency rate. it is falling but at the end of june it was 8.22%. seriously delinquent. compare that to 5.88% delinquency rate for all loans. >> it's the one institution that made it thro

cannibalized stalk, that is only 60 bushels a year.lly common throughout the state of illinois. last year we had plenty of nitrogen and no water. this crop has plenty of water early, no nitrogen and no water late. similar result, similar to last year. >> the deal on price because we've had some, a fair bit of what they call aqua max seed that, it is made by due point pioneer, i think the yields may just be all right. today, you saw corn which is inching up. people are taking profits. a big crop report usda. as will anybody who trades corn. a mixed bag out on the corn. hot 98 degrees where we stand. david: we see your forehead sweating. jeff flock, thank you very much. guest solemn none aid. cheryl: forget climbing up to your treehouse. one man found a way to get access to his 30-foot high home in 30 seconds. david: on facebook and twitter, what does apple have to do to unveil tomorrow? they're coming out with the iphones to, to get their mojo back? do they have to have a blow away product? weill read your comments next. ♪ my mantr trus

when corn got up to seven, eight dollars a bushel, you just cannot make ethanol work.e subsidies that are still in place. if you get involved in advanced biofuels, there is a grant and a payment program for that. if you replace oil and gas as a driver for your ethanol plant, there is a tax credit for that. we will be talking to, i want to talk to kenny wallace who drives the american ethanol race car. the wallace family is a very famous racing family. they are all running on corn. we will be here all day. dagen: are you going to the race on sunday, jeff? you should. jeff: i should. if i had someone who could guide me through it and show me where to go. dagen: we will get you on top of one of the boxes somewhere. jeff: all i have is a cold pass. you would get me a hot pass; would you not. dagen: you are talking about the cars being on the track and racing, technically they are not racing, they are just practicing. connell: thank you, jeff, as always. dagen: some dimwitted check talking about football calling it the 20-foot line, you would correct her. connell: that real

how common is it to get one year where you have 2 million bushels of apples?ill have 30 million. >> before my time. we have been around 25 million or better most years. this year we are anticipating about 27 million. jeff: how the apple orchards have changed. take a look at how close these trees are together. how small they are. this is the way the apple industry has changed. the technology has come along. the breeding of the plants. a lot more apples in the same amount of acreage. that is the latest. that was a good apple. dagen: it sounded hellacious, jeff. connell: that crunchy sounds. dagen: you can get some apple cider in connecticut right now. connell: that is a great transition for us. you are better off eating apples than french fries. burger king's less fat, less calorie french fries. dagen: a more personalized xbox experience. advertisers looking at a new way to get your attention. the disney ceo with dennis kneale. that is coming up at the top of the hour. first, treasury markets on markets now. ♪ ♪ >> i am lori rothman with your fox business brief.

these crop conditions very carefully, a very good forecaster lowered the yields forecast to 42.4 bushelsch beans, could be an explosive market. dennis: thank you very much, phil flynn. >> thank you. ♪ cheryl: time for the "west coast minute," business meetings, los angeles is somewhat unpopular. according to steve bent, the nation's largest convention firm, business travelers would whether go to san diego, san fransisco, and las las vegas tho l.a.. the city's tourism office says that changes when the lax expansion is complete and downtown hotel and resort properties are finished. a lake tahoe resort owned by frank sinatra will get a multimillion dollar overhaul. it's located on the california-nevada border hosting the rat pack buddies, and the resort is scheduled to reopen december 12th, 2014. that would have been all blue eyes' 99th birthday. season entertainment, almost done. building the largest ferris wheel in the world located across the street from the caesar's palace. the 55-story high roller ride will likely open early next year. it's going to be a hundred feet taller than the lo

there were probably be a selection of a bushel basket full of different currencies to set a standard, actually, it advantageu.s.'s currently that the dollar is the currency of choice, is the global standard, and i think that the strength of the economy will contain that for a long time to come. it is really the choice of other countries to use the dollar, not a requirement. the dollar has withstood for a century all of the various aspects that have been thrown at the u.s. and ask him out on the other side in fairly good shape -- and has come out on the other side in fairly good shape to the middle east does not ultimately control oil for the world, although it is a major factor. it is opec, which goes beyond the middle east to include countries like nigeria and venezuela and indonesia. host: when you look at this chart from last week, courtesy in decembery," back it was over $91 a barrel, and now it is just above $110. guest: it is an abominable price, huge price that americans are paying for imported oil because of the failure of the united states to come to grips with this -- with i

there would be a selection of a bushel basket of a different currencies to try to set a standard.t actually it is to the u.s. advantage currently that the dollar is the currency of choice, is the global standard, and i think the strength of our economy will contain that for a long time to come. it's the choice of other countries to use the dollar. it's not a requirement. so the dollar has withstood for a century all of the various aspects that have been thrown at the u.s. that have come out on the other side in fairly good shape. i think some of leased doesn't ultimately control for the world of it is a major factor. it is opec which goes beyond the middle east to include countries like nigeria and venezuela and indonesia are part of that whole process as well. >> host: the price of crude oil per barrel back in december it was over 91 and now it is just about $110. >> guest: it is a huge price americans are paying for imported oil because of the failure of the united states to come to grips with its own energy policy over the last 40 or 50 years. whether you blame the current admi