bt corn is a corn plant that is a g.m.o. now when they genetically engineered this bt corn they had an objective the objective was to create a corn plant that would be resistant to insects so there's 2 ways they could do that one is you take a piece of corn and you throw pesticide on it the other way with genetic engineering is you take corn you extract the genome of a bacterium and you insert it into the genome of that corn and what you've got now is a new corn in this case is called bt corn and every cell of that corn plant creates its own internal insecticide. in the early eighty's monsanto found a bacteria that withstands their herbicide roundup they were let's take d.n.a. from that bacteria put it into corn and eventually soy and cotton plants they said now we've got it you can ariel spray those crops with these toxic herbicides kill the waves and the crops survive we have not done adequate that's you're going to see the issue is the chronic effects the long term for that's important no because people are chronically ex

these storms preventing farmers from planting corn. only 50% of the crop is planted, well below the 90% level at the same point last year. joining me now is john boyd, jr., founder and president of the national black farmers association, and a farmer himself in virginia. and, sterling smith, our bloomberg agricultural analyst. john, if you cannot plant the corn, what do you do? john: right now, farmers are in a bad state. my heart goes out to those folks that are in those midwestern states facing tornadoes, unending rain, but farmers have a window of opportunity until about june 16 to get those crops in the ground. if they are not in the ground by then, you begin to lose yields. yields and up to money, prices per bushel. mercy of mother nature. if the rains don't let up, they could possibly miss their whole corn season out there. it's a very devastating time. alix: on a price level, we have seen corn move with that. is it appropriately priced for that kind of risk? sterling: i think we are still looking at a discount situation here. yo

people really want to plant corn this year anyway.body who has not gotten their crop in will probably have trouble planting soybeans, so we will be looking at a record number of prevent planting acres this year. alix: john, go ahead. john: i was going to say, he is exactly right. before, a lot of farmers were not in the financial position to sit out a whole year. we have mortgages on our farm, equipment loans, all types of loans out there. if we miss a complete farming season, many farmers will end up on the auction block, bankruptcy. these are things that a lot of people do not grasp, put together. we are just not in the financial conditions to sit out one or two seasons based on poor prices and all of these other things that are affecting. the u.s. department of agriculture, in my opinion, the secretary has not acted swiftly enough to meet the needs of farmers by coming up with alternative markets. the u.s. trade representative, we have not heard anything about -- anything from that person on what new markets will be made available

in his message here is, look, we may be losing corn sales to china, but he is going to do something to make sure you can sell more of that corn to distillers, actually to have more ethanol in the actual gasoline entire system. the e-15 that you're talking about. talking to farmers outside here, ali, it seems to be working. not only do they want e-15 year round, they want e-20. there's a view here in iowa that you can grow a lot of corn, if you're not going to be selling it to the chinese, sell it to the refiners to have more ethanol in their fuel. one quick side note on this, ali, i've been talking to farmers here, you can drink ethanol. it just isn't advised. ali? >> before the president left, he teased the press with a look at his deal with mexico that appeared to be on one page. >> reporter: yeah. >> he described it as being a long deal. tell me about this. >> reporter: i don't know if that's the executive summary, or the entire actual four corners of the agreement that the president claims he has. clearly, there's something in that agreement. the president wants mexico to announce

of fruit toast corn syrup what is byproduct. my product is what's left over after an animal has been slaughtered and all the edible parts have been removed the criticism lies in the mystery of the meats being used. what is quality quality is a term used when discussing how good or bad the world material that goes into the food actually is whether this protein comes from diseased animals euthanize animals kill human food waste or processing the industry doesn't have to disclose the source of the ingredients. that doesn't prevent them from easily proclaiming that every ounce of their pet food is of the highest quality. the issue is on the back of the dog and cat food bank it doesn't say render terrible quality protein it doesn't say that it also is we also can't less legally grade a u.s.d.a. inspected me so this leaves this giant gap for the consumer to have to fill in that void and it's wildly confusing the controversy with kibble exist because troy food is for 5 more easter. when your animal eats try to put in a permanent state

we have found that corn is still the best available source of carbohydrates when processed and refined properly those are the things that cause overweight diabetes arthritis chronic skin infections allergies things like that that's the precursor for a lot of that if you're feeding for nutrition and they're eating a lot of those things that mess with the body they just don't stay healthy let me ask you this dr are those the things that you find in dog food or you're talking to people who are giving table food to know it's and on food. during the war there was a moratorium on using the metal cans for canned food so they said you can't use metal cans for dog food anymore you have to use that for ammunition. to somebody that we need to make the dog food something we could put in a paper bag and that's how they did it and nobody thought at that time that making a camel and eventually the way that we process it now could ever be a help detriment to the dogs. now because of the way that the world is corn and wheat have become so subsidized and so chain it's a super cheap way to make a food fo

now because of the way that the world is corn and wheat have become so subsidized and so change it's a super cheap way to make a food for somebody who can't say no is good and there's definitely an epidemic of problems now in animals that i don't think we've seen anything like it in in history every animal that comes in to see me they'll say oh they're basically healthy but the list of problems is immense so it's not that they're healthy they're actually suffering from still many many maladies a lot of the same maladies that we see in people we have animals that have you know diabetes in arthritis they have auto immune disorders they've got allergies and part of the reason for that is because we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet. and. 2 i have heard for the top 10. to 12 years old you know you don't know 12 yo you know why you know the 12 years old because your parents feel extra food if you put this down on every side they can arrows just right on it absolutely the best and i can i

that is how corn gets planted.d very much in illinois for about half of the corn typically would be planted has now been planted because of wet weather. this is what wet weather will do to the ground. look at that. i don't think they will grow much of anything in that? i want to talk to matt, who has a farm in tweet illinois. thank you. we're up in here, close the door so we can hear you. it has been quite a spring. >> it has. hands down the most challenging spring we've had. haven't been able to get in field a few days. reporter: some state only 1/3 of corn that could have been planted, has been planted. you haven't even gotten your corn in the ground yet. >> no. we're still working on it. half of our corn is in the ground. still working on the last few fields we can plant. we'll see what tomorrow brings. if we have more dry fields or not. tort. reporter: connell on top of this we have a situation, first i want to show you something. this is beautiful sunny day as you see on the other camera. this is one of the fi

highlands francisco lay on soft prepares the fields for planting a decade ago he could grow enough corn to feed his family for most of the year but these days his harvests are getting smaller and smaller francisco says climate change is to blame is that input on the weather shouldn't be like this it used to rain in the middle of april but now the rain doesn't arrive until the end of may or the beginning of june we always wait until it's rained before we plant our corn if it doesn't rain and we don't plant because the seeds won't grow average daytime temperatures in guatemala have risen over the past decade while crop damage and frosts are more common and when it does rain it often pours for days washing the topsoil away what amala already has the highest rate of child malnutrition in the western hemisphere. and in the western highlands indigenous subsistence farmers make up half the population when crops here fail people leave who wants to follow his uncles to the united states the 18 year old says that there's no future for young people in his village the only people he sees getting ah

this is the slowest start to the corn planting season on record. the trade war is only adding to that pain. dean reynolds is in northern illinois. >> reporter: you wanted here? >> oh, yeah. we'll find the colonels. >> reporter: you almost need a microscope to find the corn crop this spring. his corn plants are just green specks in a see of brown dirt. >> now that i uncovered it, i doubt it will survive. they had to delay planting six weeks. now that the seeds are in the ground, all it takes are a couple sunny days to bake the dirt rock-hard. >> he was fighting hard to come up but he was under this. >> reporter: he needs a perfect balance of sun and rain to approach last year's corn and soybean harvest. what's the odds of getting a perfect balance? >> let's go to vegas and the odds are better. >> reporter: this comes when trump is waging a trade war with china, where soybean experts have fallen 80%, a $3 billion loss. but he supports president trump and believes his tariff policy is a way to get better trade dealers. >> he seems harsh. but he's a bu

highlands francisco lay on soft prepares the field for planting a decade ago he could draw enough corn to feed his family for most of the year but these days his harvests are getting smaller and smaller francisco says climate change is to blame is that input on the weather shouldn't be like this it used to rain in the middle of april but now the rain doesn't arrive until the end of may or the beginning of june we always wait until it's rained before we plant our corn if it doesn't rain and we don't plant because the seeds won't grow average daytime temperatures in guatemala have risen over the past decade while crop damage in frosts are more common and when it does rain it often pours for days washing the topsoil away what amala already has the highest rate of child malnutrition in the western hemisphere. and in the western highlands indigenous subsistence farmers make up half the population when crops here fail people leave who wants to follow his uncles to the united states the 18 year old says that there is no future for young people in his village the only people he sees getting ah

corn producing states have been planted.year just 67% of corn is in the ground. the planting rate for soybeans this year is even force. >> when you look at some of ts residue, the soil arountd it is wet underneath it, it's straight mud. >> if farmers can't get into the ground soon, crop yields will likely fall off sharp limit most farmers have crop insurance that covers losses during a bad growing season, but delayed ans drastically reduced insurance payouts. >> we reach a point in june where your expectations for your average yield have to go down because you don't have enough calendar year get the crop mature. soybeans are different than corn in that you can plant soybeans into the 10th or 15th june be no yield penalty. >> dave haspl acresit between coy and soybeans. his land shirring and didn't flood in march but has been a challenge to plant be of the wet weather. the rain washed away parts of his fields. >> we'll have terraces that get potholesfall of ter but mainly erosion is what we have problems with when we get heav

this is the corn state and here in the greater midwest, while this is corn country. >> [applause] >> i also know you have long term goals for a bill to get on your desk on infrastructure. the needs for this were evident before but with the destructive spring that this area and so many places across the nation have endured as well this needed more glaring. i am for you, to next tackle this with the same ten as it and vigor, that you have with border security and other issues. i work in the greatest, thank you, yes. >> [applause] president trump: thank you, too. >> i work in the greatest industry we have in this country and that's agriculture. we're blessed by god to have soils and the science that have let us achieve new heights and production whether that's yield of corn, the efficiency of this ethanol plant or gains in my cattle, agriculture continues to do more with less. sir, i was just a 4 h-er and a f f a farm kid that grew up with my dream to farm. my background is not unique in rural america because every one of these proud americans could have gotten up here and told their ow

they are making the cost of corn rise because they are utilizing corn for ethanol.ecided to juxtapose that to the conditions going on in the third world where corn is a very important element for them to survive. and yet, we are doing it because we want to push this country -- this movement towards alternative fuels even if it is inefficient in its creation. i was just showing the side effect of that. brian: i read an account in your university of california irvine alma mater publication that you use to have bill clinton, and imitation of bill clinton on your answering service. michael: one of my friends is paul shankman who does voice impersonation's on the rush limbaugh show. i got several calls from paul in memphis tennessee. i was invited to play golf. i surf because i am from california. the surfing in memphis stinks. a friend of mine invited me to play golf with a couple of his friends. it was the first time i had ever played golf. there was one person who was more physically inept with a golf club than i was. i was leaning down to putt, and suddenly i heard r

some corn may not get planted. >> we'll have lots of acres planted.ow the guess is how many acres will we lose? reporter: that's got to drive prices up. the hedge funds have been short corn, not so much now. >> now they are probably going to try to get along on this report. they are friend followers. they don't have a crystal ball any more than anybody else does. but they lost a chunk of dough on this rally. reporter: that's good news unless your farm field is one of those drowning in rain water which means you don't have a crop. but if you have got one, sell sell sell. liz: thank you so much. this is what's coming you up tomorrow. china is on edge. tomorrow is the 30th anniversary of tienanmen square massacre. peace protesters schawt slaughtered by the d slaughtered by the hundreds, some say by the thousands. they were hoping to joint wave of democracy. now this, china's factory output, its economy is weakening. china and mexico showing a willingness to return to talks with the u.s. joining me is senator kevin cramer. the president is saying he has n

this is the slowest start to the corn planting season on record. the u.s.hina trade war is only adding to that pain. haan reynolds is in northern illinois. >> you planted here? >> oh, yeah, this is all planted. we'll dig down here and find the kernels. mipe to sp dave kestle's corn crop this spring. >> that one has given up already. >> reporter: really? >> uh-huh. >> reporter: usually knee-high by now, his corn plants are just green specks in a sea of brown dirt. >> i doubt that even now that i've uncovered it if that one hauld survive. >> reporter: record rainfall in april and may forced kestle to delay planting for six weeks, finishing the job just yesterday. but now that his seeds are in the ground, all it takes are a couple of sunny days to bake the dirt rock hard. >> he's fighting hard to try to come up, but he was under this. >> reporter: kestle says he needs a perfect balance of sun and rain to even approach last year's corn and soybean harvest. what do you think the odds of having a perfect balance between sun and rain? >> go to vegas. i think your

of a supply demand issue for years we had well over supply so we've had a tremendous really i mean corn sold off $0.04 today which is after a $1.20 really is right it isn't much to talk about so i think the grains are going to i don't i think president trouble is doing absolutely the right thing to take care of the border and they're going to have to come in you know one thing we have to remember is we still are the biggest supplier they're still going to have to. come to us terrorists or not and if they don't want to take care of the border issues then they're going to be without or they're going to pay more money i think is i think it's a simple plan but the grain markets themselves really continue to push themselves higher and i think that's make sense because now there is going to be possibly some sort supplies and all the sudden we went from this oversupply did get conditions to some issues so i think that's what you're seeing and i think in the cattle market you saw some force liquidation thursday and friday and we did most of the by him within 5 minutes in both peter and live cat

sure the core market what we saw more than likely is just the lack of being able to get the corn crop in the ground last friday were 58 percent this monday we're looking to be somewhere around 70 to 71 percent on the planting intentions there. i think the decline in the market that we saw over the weekend is due to the tariff issue with mexico i think that traders and everybody's getting kind of terror fatigue it was. a slogan that was coined as more and so i can see where a lot of us would would have that issue out there with the with the tariffs we've just seen so much of it and seemingly they've been i'll be working. and speaking of that terror fatigue back to the time you the as you mentioned the delegation from mexico is here today a high level delegation. to try to convince trump to change course and mexico of course is a huge exporter to the united states what do we seeing in terms of market reaction so far from that threat and thing in terms of 2 key exports tomatoes not the kind of what's the outlook for prices for a side of guacamole after this latest drama. well. as chris s

this is the slowest start to the corn planting season on record.iffs are only adding to the pain. here's dean reynolds. >> reporter: you planted here? >> yes, this is all planted dig down, you'll find it. >> reporter: you almost need a microscope to spot dave kestle's corn crop this spring. >> that one is giving it up already. >> reporter: really? >> uh-huh. >> reporter: usually knee-high by now, his corn plants are just green specks in a sea of brown dirt. >> i doubt that, even now that i have uncovered it, if that one would survive. >> reporter: record rainfall in april and may forced kestle to aklay planting for six weeks finishing the job just yesterday. but now that his seeds are in the ground, all it takes are a couple of sunny days to bake the dirt rock hard. >> he is fighting hard to try to come up. but he was under this. >> reporter: kestle says he needs a perfect balance of sun and rain to even approach last year's corn and soybeans harvest. what do you think the odds of having a perfect balance between sun and rain? >> just go to vegas i

during the recent coronation of king maha corn royal astrologist inscribed the king's official titles and a horoscope of his reign on a golden tablet. astrology has deep roots in thailand one of 600 yes i think that different when it comes to thailand and other countries they have high respect for estrada just be viewed him as psychologists who sell society. poncy tool is one of thailand's most famous astrologist. he's hired by big companies as a consultant and endorses consumer products like tissues and paint his facebook page is used by millions of his own kind of thing wow i thought the most important thing is that astrology is not the one factor the controls all aspects of your life it's like a map to advisors where we should go. part of statistical science it really comes down to who interprets the subject i try to make people understand that it's all about statistics that have been collected over time this one and with the next generation of astrologist embracing technology reaching larger and younger audiences. there's little question that this slice of thai culture will remain

last resort in decline and anyone who is taking these risks deserves to go bust will banks wreck big corn or a big coin wrecked banks jamie diamond's getting wrecked as we speak now said 21910 years into bitcoin and jamie diamond has capitulated he's admitted defeat after years of bashing big coin after years of trying block chain not big coin he capitulates and what does he do he issues his own all coy j.p. morgan coin as i've been saying you don't change but coined bitcoin changes you so jamie diamond started off as a critic as a bitcoin basher now he's trying to imitate but coin he realizes he can't beat it he's trying to join it i remember i talked about that closed permission system of the central banking fee system and their member banks well j.p. morgan is the number one member bank of that. system and who is the central bankers central bank and that's the bank of international settlements so now that they see their members and their permission to network starting to break off and see the glory of big way now they're starting to really bashed it big quince proof of work algorithm n

in illinois less than half the corn crop has been plant.third, and even worse in indiana. you don't get it plarntd, you can't get it harvested. >> mother nature doesn't work us to get it in the ground. there is no way to get a yield at the end of the year. you have got to start before you can finish. >> in a normal year if this had happened it would have been driving prices up for corn and soybeans. you can say at least if i don't get a full yield, i can make money on what i have got. because of mexico tariffs threatened, huge consumer of corn, prices are not appreciated tremendously. >> we are look at a weather market where the market is concerned about whether we can get in the field or not. but there is a lot of talk about tariffs and exports and i really hope we get that straightened out to help farmers across the nation. it will be some income for what they do. reporter: i want to leave you with pictures of this wet weather. farmers have been posting to twitter. some of them can't believe it. they have never seen the extended period of

to eat through it not to mention we tripled what we normally carry china's retaliatory tariffs on corn soybeans imported hit their mark american farmers deep in trunk country across the midwest are suffering this is private and one of the toughest years that i've experienced in my 40 plus years of farming are bankers i'm starting to get nervous next year is going to be. a tough time and some farmers are not going to get their operating loans they're not going to pay off their operating loans from this year and they're not going to be able to get credit to put a crop out next year for the 2nd straight year president trump signed a bailout for american farmers this time $16000000000.00 worth but that won't bring back lost markets buyers who've moved on to other sellers their silos are full of surplus crops that oversupply his tank prices for corn and soybeans farm income levels are half what they were 5 years ago across the midwest corn and soybean farmers are filing for bankruptcy in numbers not seen for more than a decade and losing their patients i'd like to see that light at the end

canola moving with corn. so you don't have counties that don't just grow coin and soybeans and you are giving them assistance. >> we certainly are very aware of that. we think that the program we have designed will help offset some criticisms that we got last year. >> i would like to turn to secretary mckinney. what are we doing prior to the g 20 with china to facilitate with china leading up to g 20 entrie? >> we are heavily engaged. >> we are heavily engaged above my level. on the agricultural side of this equation we have worked constantly for days on end to put together a very sick document and now hopefully this can be carried forward and we can get a deal. >> can you get a deal with japan? can you get a trade deal with japan and can you get it reasonably soon? if you get a trade deal with japan and we can pass usmc we can get pressure with china. we need to get some other agreements with a way to get pressure on china. the tree deal with japan, they are huge economic force in the pacific rim and it woul

a life that i earned this corn is going to be for didn't smell her. tennis and only for a while a loving man you felt me with my spiritual growth. did you know that you're my hero when you are. that. good luck. yes. oh very simplified plans for that job by their very good record. brother who's seen it. deduces can be hard to see it really because i can really talk to you about my stuff. your desperation to all these kinds here we're going to miss you thank you. i feel the same way charity goes down it's just you know i'm an issue so much you've done so much for me hope me in every where you really have hope you know that i'll make this your study guide so you know i was in jail it be a guy be a late picks me right out the jail banks are you right here ike i hear words. shower shoes on. family have straying orders against me. i came here with so much shame and this place picked me up and you guys did too. you know i saw a lot of working i mean you guys looking forward to get out of here you know and have a good autonomy i think i want that autonomy and