LEAF PICKUP: CITY CREWS WILL START IN ZONE 5 TODAY.          
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WHOW Local Farm Broadcaster Wins Award At National Convention

Jared White, local farm broadcaster for WHOW THE BIG 1520 AM and 92.3 FM in Clinton, was given the “Excellence in Ag Reporting” Award Friday, at the National Association of Farm Broadcasting annual convention in Kansas City.

White was given the award for the most used story on the N-A-F-B News Service in 2017.  Farm broadcasters from around the country, share stories with each other on the News Service.

White was presented a certificate for his work.

White has been WHOW's local farm broadcaster since 2011, and has been with the station since 2007.

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Farm Credit Illinois Marketing Team Tour Miller Media Group Radio Stations

 

3 marketing officials from Farm Credit Illinois' corporate headquarters in Mahomet, toured the 2 Miller Media Group locations on Friday.

F-C-I Vice-President for Marketplace Initiatives Mike Loyd (3rd from left), along with Marketing Production and Design Specialist Margie Menacher (2nd from left), and Liz Harder, Marketing and Public Relations Director (4th from left), toured both the Clinton and Taylorville locations.

The tour began at the Big Red Barn south of Clinton, touring WHOW THE BIG 1520 AM/92.3 FM and its sister station WEZC 95.9 FM.  M-M-G president Randal J. Miller (left) gave some of the history of the Clinton stations, and station manager Jared White gave the F-C-I marketing team a tour of the facility. 

The tour then went south to the M-M-G Taylorville studios, where 6 radio stations, including NEWSTALK WTIM, operate.  Miller and General Sales Manager Chris Bullock gave the F-C-I team a tour of the Taylorville facility, including its broadcast studios.

Following the tour, Miller presented Loyd a plaque for his 30 years of service to the cooperative, and for his nearly 20 years of doing business with the Miller Media Group stations including NEWSTALK WTIM and WHOW.  Loyd is retiring from F-C-I in November.

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Changes to the Federal Reserve Board

FOMC Update

The federal funds rate remains unchanged following the Sept. 19-20 meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed). The anticipated decision minimally impacted the market. The FOMC cited moderate growth in household spending, expanding business investment, and solid job growth as the primary drivers of current economic conditions. While the Fed recognized the recent property damage caused by the hurricanes, it doesn’t find the impact on the country likely to alter the course of the nation’s economy.

As described in the most recent edition of INTERESTing Times, the Fed voted to initiate a balance sheet normalization program in October. The bond markets will have more debt available for the investing public to purchase as the Fed reduces its holdings. With all other things equal, less demand by the Fed should lead to higher prices in the bond markets in the form of higher interest rates.

The next Fed meeting is Oct. 31-Nov. 1. The futures market currently projects a minimal chance of a rate hike at this meeting. However, a 76 percent chance of another quarter point rate hike is currently predicted at the December FOMC meeting.

Updated Economic Projections

The Federal Reserve Board released its quarterly economic projections at the September meeting. The only significant change from the June projections was the reduction in the long-run federal funds rate from 3.00% down to 2.80% (the long-run is defined as year-end 2019 and beyond). Today, the federal funds rate is 1.25%.

Upcoming Changes to the Federal Reserve Board

The Federal Reserve is governed by a seven-member board with a chair, vice-chair, and five additional members called governors. In addition to the governors, five rotating Federal Reserve District Presidents also vote on monetary policy decisions. There are currently three vacant governor seats and the vice-chair is vacating in mid-October. This will leave the Federal Reserve Board with only Chair Janet Yellen and Governors Laiel Branaird and Jerome Powell. These vacancies leave the important Fed policy decisions to a very small number of people. Plus, the chair is up for appointment in early 2018; if Chair Yellen is not re-appointed, it would be customary for her to step aside.

The president must nominate individuals to fill these vacancies and the Senate must hold confirmation hearings to approve the appointments. As a candidate, President Trump was critical of Chair Yellen and the Fed’s so-called, “easy money” policies. Since becoming president, his tone towards Fed policy and Chair Yellen has softened and he has indicated a willingness to consider re-appointing her to the position, although, it is unknown if she wants to continue.

With the current and potential vacancies, there is a lot of potential for substantial changes to the Federal Reserve Board and its membership as new board members are nominated and confirmed.

Will these changes lead to a more aggressive monetary policy tightening cycle, or will the new Fed governors retain the accommodative policy of the current Federal Reserve Board? If the new Federal Reserve Board of Governors decides to change Fed policy such as the 2.00% inflation target, how will those changes be perceived by the bond market? We do indeed live in INTERESTing times!

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Lake Land College Foundation Honors 2 Area Individuals, Entities at Annual Meeting

The Lake Land College Foundation recognized 2 area individuals and entities Tuesday night during their annual meeting, for their contributions in helping the college raise money for scholarships.

Former president of First National Bank of Pana, and a former member of the Lake Land College Foundation board, John Livesay, was honored with the Foundation's Outstanding Fund Raising Volunteer Award.  Livesay told Regional Radio News about the donation he was instrumental in obtaining for the college.

Livesay said the Borgic family donated farmland to the Lake Land College Foundation.

Farm Credit Illinois C-E-O Tom Tracy was also honored for their support to the Lake Land College agriculture program.   Tracy told Regional Radio News that F-C-I management talks to their members every summer, and have told them supporting ag education is a priority.

Tracy added Lake Land College is an important part of F-C-I's success.

Find out more on the Lake Land College Foundation by clicking the "Foundation" tab at lakelandcollege-dot-edu.
 

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Combine Reports with Dave Steward in DeWitt County

Combine Reports with Dave Steward in DeWitt County

 

 

 

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Combine Reports with David Brown in Macon County

Combine Reports with David Brown in Macon County

 

 

 

 

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Combine Reports with Aaron Shafer in Christian County

Combine Reports with Aaron Shafer in Christian County

 

 

 

 

 

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Combine Reports with Andy Bolsen in Moultrie County

Combine Reports with Andy Bolsen in Moultrie County

 

 

 

 

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Combine Reports with Doug Martin in Logan County

Combine Reports with Doug Martin in Logan County

 

 

 

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Combine Reports with David Dorn Jr. in Christian County

Combine Reports with David Dorn Jr. in Christian County

 

 

 

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Combine Reports with Jake Lieb in Piatt County

Combine Reports with Jake Lieb in Piatt County

 

 

 

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Combine Reports with Austin Rincker in Shelby County

Combine Reports with Austin Rincker in Shelby County

 

 

 

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Combine Reports with Alex Head in Macon County

Combine Reports with Alex Head in Macon County

 

 

 

 

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Combine Reports with Scott Durbin in Christian County

Combine Reports with Scott Durbin in Christian County

 

 

 

 

 

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Combine Reports with Elliott Burgett in Macon County

Combine Reports with Elliott Burgett in Macon County

 

 

 

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Combine Reports with Jeff Brown in Christian County

Combine Reports with Jeff Brown in Christian County

 

 

 

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Combine Reports with Ken Franklin in Christian County

Combine Reports with Ken Franklin in Christian County

 

 

 

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Combine Report with Ed Leonard Jr. In Macon County

Combine Report with Ed Leonard Jr. In Macon County

 

 

 

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Combine Reports with Jim Reed in Piatt County

Combine Reports with Jim Reed in Piatt County

 

 

 

 

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Combine Reports with Bryan Sharp in Christian County

Combine Reports with Bryan Sharp in Christian County

 

 

 

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Combine Reports With Marvin Finfrock III in DeWitt County

 

Combine Reports With Marvin Finfrock III in DeWitt County

 

 

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Macon County Ag Community Comes Together To Help Fellow Farmer

It may not be that unusual these days to see multiple combines in a field at harvest time, however to see multiple makes and models harvesting the same field together is a bit more rare.  NAFB Farm Broadcaster Jared White has more on why folks in western Macon County saw that Wednesday...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Pictures from Thursday, August 31 at Farm Progress Show

 

 

 

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August 31 Farm Progress Show Interviews

Show wrap-up with Farm Progress National Shows Manager Matt Jungmann:

 

 

Illinois State Treasurer Michael Frerichs

 

 

Mark Davey, Market Manager, Gators, John Deere

 

 

Martin Lunkenbine, Camso

 

 

Matthew Madding, Marketing Manager, Combines, John Deere

 

 

Tiffany Turner, Product Marketing Manager, Large Tractors, John Deere

 

 

Tom Tracy, CEO, Farm Credit Illinois

 

 

Wesley Spurlock, President, National Corn Growers Association

 

 

 

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Day # 3 Begins at Farm Progress Show

Day # 3 is here!  Gates opened at 8 this morning, open til 4.

 

 

 

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More Interviews from Wednesday's Farm Progress Show

Andrew Mizell, Country Financial App

 

 

Dave Johnson, DuPont Crop :Protection/Herbicides

 

 

Eric Vanasdale, Country Financial on Drones

 

 

Jason Webster, Precision Planting

 

 

Marc Risinger, Pioneer Soybeans

 

 

Russ Sanders, Pioneer Plenish Soybeans

 

 

Steve Classen, Redball Hood Sprayers

 

 

Wesley Shupe, DuPont Crop Protection Agronomist

 

 

 

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illinoisfarmradio.com Local Farm Broadcaster Jared White Rides the Touchstone Energy Hot Air Balloon at Farm Progress Show

illinoisfarmradio.com Local Farm Broadcaster Jared White took what he described as a "once in a lifetime" ride in the Touchstone Energy Hot Air Balloon, at the Farm Progress Show late Wednesday afternoon.  Jared took these pictures high above Decatur.

 

Jared did his first-ever interview in a hot air balloon, with John Petrin, who is a world-champion hot air balloon pilot:

 

 

Special thanks to Kevin Bernson of Shelby Electric Cooperative, for making the arrangements for Jared's ride.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Looks like he had fun!!!!

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Country Artist Easton Corbin Performs to Large Crowd at Farm Progress Show

 

Country music artist Easton Corbin performed for Farm Progress Show attendees in a late Wednesday afternoon concert sponsored by Ram Trucks.  The concert was free, and took place in Ram's Ride and Drive area just north of Progress City.

 

 

Weather was ideal, and a big crowd greeted Corbin's performance.

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More Pictures From Wednesday, August 30 Farm Progress Show

 

 

Raymond Poe, Illinois Department of Agriculture Director

 

 

The much-talked-about "Tribine" combine and auger cart in one.

 

 

GSI grain bin exhibit.

 

 

Kinze grain cart on tracks.

 

 

Kinze prototype planter.

 

 

New Case IH building.

 

 

Case IH Steiger CVX Drive tractor.

 

 

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More Interviews from Wednesday, August 30 Farm Progress Show

Amy Braun, Midwest Row Crop Collaborative

 

 

Cory Reed, Case IH Maxim Tractors

 

 

Jonathan Waits, GSI

 

 

Mark Gryp, Kinze

 

 

Mitch Kaiser, Case IH Steiger Tractors

 

 

Ron Kindred, Logan County Farmer and Illinois Soybean Association representative

 

 

Sam Funk, RaboAgriFinance

 

 

Tom Dean, Case IH New Building

 

 

Victor Akita, RaboAgriFinance Brazil

 

 

 

 

 

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Huge Crowds on Day 2 of the Farm Progress Show

 

Huge crowds and great weather are the perfect combination for day 2 of the 
Farm Progress Show in Decatur, Illinois.

 

 

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Fireworks Open Day 2 of Farm Progress Show

 

Even though you couldn't see them, you could hear them to signal the opening of the gates for day 2 of the Farm Progress Show!  

 

They were shot off from the Eastern Exhibitor parking lot.  Lots of smoke!

 

 

 

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Senator Chapin Rose Visits the illinoisfarmradio.com Booth

Senator Chapin Rose visited the illinoisfarmradio.com booth this morning, to talk about a new Bio initiative for Central Illinois, that could mean jobs for the state, and another market for Illinois farmers' corn and soybeans.

 

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The Sun is UP for Day # 2 of the Farm Progress Show!

The sun is UP for day # 2 of the Farm Progress Show!!!

 

 

 

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More Interviews from Tuesday, August 29 Farm Progress Show

Ben Hortenstine, Ramsey Farmer on Enlist

 

 

Dan Valen, New Holland

 

 

Kevin Bernson, Shelby Electric Cooperative

 

 

Lauren Lurkins, IFB on NLRS

 

 

Melissa Bell, Mycogen Seed Agronomist

 

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Stop by the Beck's Hybrids Exhibit during the illinoisfarmradio.com Extended Noon Farm Show!

Beck's Hybrids is again our title sponsor for our over 30 hours of LIVE coverage from this year's Farm Progress Show!

illinoisfarmradio.com is originating an Expanded Noon Farm Show during the Farm Progress Show August 29, 30, and 31, from the Beck's Hybrids exhibit.  Stop by and see local farm broadcaster Jared White in action, visiting with many Beck's Hybrids representatives at the booth, from 12:20 til 1pm each day.

 

 

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Farm Progress Show Is Officially Open!!!

 

 

 

 

 

 

 

 

 

 

Interviews done on Tuesday, August 29:

 

Gabe Brown, Conservation Presenter

 

 

Jen Filipiak, American Farmland Trust

 

 

Kevin Covey, Equipment Technologies Sprayers

 

 

Lance Tarchione, Dekalb Asgrow Agronomist

 

 

Luke Samuel, Climate Corporation

 

 

Richard Lyons, Montgomery County Farmer on Conservation

 

 

Shannon Schultz, Stone Seed

 

 

Ty Witten, Monsanto Extend Dicamba

 

 

Susan Moore, IAA Foundation

 

 

Warren Goetsch, Illinois Department of Agriculture Deputy Director

 

 

 

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Farm Progress Show Day Before Pictures and Interviews August 28

 

Local farm broadcaster Jared White (left) interviewing Farm Progress National Shows Manager Matt Jungeman (right) on Monday, August 28, the day before the show starts.

 

 

 

 

 

 

 

 

 

Interviews done August 28:

 

Andy Thompson, Yetter:

 

 

Anson Boch, Salford:

 


Aron Ballinger, Agco:

 

 

Ben Dillon, TriBine:

 

 

Brad Cox, Precision Planting:

 

 

Dustin Bolic, Drago Corn Heads:

 

 

Greg Souder, 360 Yield Center:

 

 

Harold Lovin, Beck's Hybrids:

 

 

Rachelle Thaibert, John Deere:

 

 

Todd Condit, Great Lakes Hybrids:

 

 

Tricia Braid, Illinois Corn Marketing Board:

 

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Farm Progress Show Set-Up and Pre-Show Interviews on illinoisfarmradio.com

Local farm broadcaster Jared White (left) interviewing Farm Progress National Shows Manager Matt Jungeman (right) at Media Day August 23.

 

 

Our broadcast position inside the BASF Media Tent on the east side of Progress City.  Our home for over 30 hours of LIVE coverage!

 

 

 

 

 

Scott Beck, Beck's Hybrids (interview done at the Beck's Field Day)

 

 

Interviews done Friday, August 25:

 

Danny Himes--LG Seeds:

 

 

David Brix, Host Farmer:

 

 

Mark Pomeranz, Case IH:

 

 

Mark Loyd, Farm Credit Illinois:

 


Rebecca Gunderson, New Holland:

 

 

Tim McMahon, AWI:

 

 

Wes Henne, Great Plains:

 

 

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US Ag Secretary Perdue Visits Central Illinois Monday

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As part of a five-state RV tour, titled the "Back To Our Roots" Tour, U.S. Secretary of Agriculture Sonny Perdue stopped in rural Sangamon County Monday.  NAFB Farm Broadcaster Jared White has more...

 

 

 

 

Sect. Perdue & IFB President Rich Guebert

 

 

Sect. Perdue & IL Ag Director Raymond Poe

 

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Monsanto Posts Open Letter On Dicamba Issues

Monsanto Cheif Technology Office Rob Fraley today posted an open letter to Monsanto customers addressing dicamba herbicide related issues in conjunction with the company's RoundUp Ready 2 Xtend soybeans.  The letter can be viewed by clicking the link below:

 

https://monsanto.com/products/product-stewardship/articles/to-our-farmer-customers/

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RECORD HARVEST LEVELS NOT LIKELY THIS YEAR

Crop condition ratings for corn and soybeans are below year-ago levels, as recorded in the USDA’s latest crop conditions report this week. American Farm Bureau Federation market intelligence director John Newton says this year has been a challenge for growers, with excessive moisture and planting delays this spring, and drought conditions in parts of the upper Midwest…
 
                    
 
Newton says the upcoming crop production report next week could provide better market direction heading into harvest season…
 
              
 
Newton says more data is available regarding yield expectations on the Farm Bureau Market Intel webpage…
 
                   
 
That information can be found at FB dot org forward slash market intel (www.FB.org/marketintel).

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Brazil, U.S., Set for Corn Selling Showdown

The world’s two biggest corn exporters are preparing for a showdown, according to Bloomberg. The United States and Brazil are set to square off in competition this growing season over corn exports as Brazil is in the middle of collecting the nation’s biggest corn harvest ever, and U.S. supplies remain plentiful from last years’ record harvest. Bloomberg says those conditions set the stage for a stiff battle to win world buyers in the second half of this year. Japan and Mexico are expected to be the biggest corn importers this season. Brazil’s corn production in the 2016-17 season is forecast to surge 45 percent from a year ago to a record 97 million metric tons, according to U.S. Department of Agriculture. The agency estimates that the 2016 U.S. harvest reached an all-time high and that the crop gathered this fall will be the second-bigger ever, but that could change with dwindling crop conditions. Brazil shipments of corn traditionally surge this time of year, during harvest. Meanwhile, U.S. corn shippers are seeing slow bookings for the coming marketing year. Still, experts in the U.S. say the nation is expected to remain the world’s top supplier.

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Farmers Indicate Higher Outlook on Farm Economy

Farmers surveyed as part of the Purdue/CME Group Ag Economy Barometer indicated more optimism in July because of better commodity prices expectations this fall. The monthly survey for July reached 139, its highest level since January 2017, and its second-highest level since data collection began in October 2015. The increase continues a trend seen over the summer of more optimism regarding the future of the agriculture economy. The forward-looking measure of sentiment, the Index of Future Expectations, climbed seven points in July to 138. A measure above 100 indicates optimism, while a measure below 100 indicates pessimism regarding the farm economy. In July, farmers were asked if they expect to see higher, lower, or about the same grain, oilseed and cotton prices in the next 12 months. Many indicated they expected to see higher commodity prices through the next year. The improvement in producers’ expectations for commodity prices corresponded with early summer market activity. Wheat futures prices, driven by drought conditions in the Northern Great Plains, have been the most active, but uncertainty about the corn and soybean growing seasons has also contributed to market volatility.

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Conaway: Farm Bill Work to Begin in Eight Weeks

House Agriculture Committee Chairman Mike Conaway says work on the 2018 Farm Bill will start within the next eight weeks. Speaking during a farm bill listening session in his home state of Texas, Conaway told attendees that he wants to get the next farm bill on the House floor this year, according to the Hagstrom Report. After three hours of listening to farm leaders, Conaway added he wants the bill on the House floor this year because he disliked the turmoil of extensions. The 2014 Farm Bill expires on September 30, 2018. Conaway also noted that Senate Agriculture Committee Chairman Pat Roberts of Kansas said last week that he also would like to write the farm bill in 2017. His comments come as the House Agriculture Committee holds two listening sessions this week. The second is planned during the Minnesota Farmfest in Redwood Falls, Minnesota, Thursday.

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Congress Reverses Waterway Cuts But Doesn't Provide Funding

House and Senate appropriators have reversed the president’s proposed cuts to Army Corps inland waterways funding, but still provide no money to modernize critical locks on the Upper Mississippi and Illinois Rivers.
 
The good news is a reversal of a 17 percent cut the White House proposed to the Army Corps' civil works budget, and full-use of Inland Waterways Trust Fund annual revenues, boosted by higher barge diesel taxes.
 
Waterways Council Senior Vice-President Debra Calhoun says the downside is a continued lack of planning and design money for the Navigation and Ecosystem Sustainability Program...
            
 
Calhoun says the Upper Miss and Illinois River locks modernization is part of the Army Corps’ priority projects list, and the Trump Administration wants to speed up NESP work from a scheduled 25 years, to 10 years. But Calhoun says there’s a political problem…
 
                   
 
Calhoun argues the Upper Mississippi locks have far outlived their 50-year design-life. Many were built in the 1930s and cannot accommodate longer modern barges that need to be separated to get through the ancient locks.
 
Congress authorized modern new locks on the Upper Miss and Illinois Rivers in 2007, but actual funding was never provided.

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Class Action Lawsuit Aimed at Monsanto Over Dicamba Spraying

A lawsuit filed last week accuses Monsanto sales representatives of secretly giving farmers assurances of using “off label” methods for a dicamba herbicide formulation. The St Louis Post-Dispatch reports the lawsuit claims: “This was Monsanto’s real plan: publicly appear as if it were complying, while allowing its seed representatives to tell farmers the opposite in person.” A Tennessee weed management expert, Larry Steckel, says in the suit that “it’s almost impossible” to follow label directions for dicamba-based herbicides, given the recent changes that have surfaced over drift allegations. Formulations were changed to dicamba-based herbicides following an outbreak of drift incidents last year to reduce volatility and drift. However, those changes have not seemed to slow reports of drifts problems in 2017. The suit says the defendants “actually benefit” from rampant drift, because it pressures farmers to adopt dicamba-tolerant seed to avoid damage. Monsanto and BASF indicated to the Post-Dispatch that they were aware of the suit but declined to comment on specific allegations. Both companies cited their efforts to educate growers about correct application of dicamba.

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USDA Rural Development Lead Comments on Priorities

The Department of Agriculture’s rural development lead says USDA is seeking to create an environment where rural America can prosper.
 
Ann Hazlett oversees the Rural Utilities Service, the Rural Business Service, and the Rural Housing Service. She was appointed to the newly created position of Assistant to the Secretary for Rural Development last month.
 
The appointment is part of a restructuring plan that eliminates the undersecretary position for rural development, a plan that’s met some opposition. USDA says the move allows for an increased emphasis on Rural Development that’s needed in the face of economic difficulties in rural communities.
 
An Indiana native, Hazlett has worked on agriculture and rural issues for more than fifteen years. She says there are many challenges in rural America that USDA will examine…
 
                               
 
Another priority for rural development is delivering broadband internet to rural areas, which USDA considers a necessity…
 
                                  
 
Hazlett is a graduate of Kansas State University and before her role at USDA served as Chief Counsel to the majority on the Senate Agriculture Committee. By removing the undersecretary position and putting rural programs under an appointed position, Hazlett was able to start work immediately at USDA.
 
Other divisions of USDA that are overseen by an undersecretary are awaiting new leadership. Currrent American Soybean Association CEO Stephen Censky was nominated by President Trump to serve as the USDA deputy secretary. President Trump has also nominated Ted McKinney for Under Secretary for Trade and Foreign Agricultural Affairs and Sam Clovis for Under Secretary for Research, Education and Economics.

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McKinney, Clovis, Officially Nominated for USDA Posts

President Donald Trump has nominated Ted McKinney for Under Secretary for Trade and Foreign Agricultural Affairs and Dr. Sam Clovis for Under Secretary for Research, Education and Economics. Both have long been rumored to take top seats at the Department of Agriculture for months. McKinney currently serves as the director of the Indiana State Department of Agriculture and Clovis was a Trump Campaign advisor before serving on the USDA transition team. Agriculture Secretary Sonny Perdue said McKinney and Clovis would both be assets to the department. Meanwhile, the White House this week also sent to the Senate Agriculture Committee its notice of intent to nominate Stephen Censky for USDA deputy secretary, paving the way for a Senate vote on the nomination.

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First Round of NAFTA Talks Scheduled

As expected, U.S. trade officials confirmed this week that North American Free Trade Agreement renegotiations would begin August 16th, the first day allowed by U.S. law. The office of U.S. Trade Representative Robert Lighthizer announced this week that the talks would kick off in Washington, D.C. on August 16th, and the initial rounds of negotiations are scheduled to wrap up on Sunday, August 20th. Earlier this week, the White House released its goals for NAFTA, which includes maintaining duty-free status on agricultural exports to Mexico and Canada. The 18-page Summary of Objectives also includes the need to eliminate non-tariff barriers to U.S. agricultural exports. The new plan stresses the administration's goal of updating and strengthening the rules of origin laws. However, it doesn't ask for a reinstatement of Country of Origin Labeling on beef and pork imports from Mexico and Canada.

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Grassley: Time For Tax Reform

A longtime respected Ag Senator says it’s time to move on from healthcare to tax reform.
 
The latest failure of Senate Republicans to come together on repealing and replacing Obamacare is putting pressure on the GOP to cut its losses and move onto to other big-ticket items.
 
And the wheels are already in motion to advance tax legislation, including reforms key for farmers: lower capital gains taxes, an end to the estate tax, single-year equipment expensing, and cash accounting.
 
Senate Judiciary Chair and longtime Ag member Chuck Grassley had this, when asked if it’s time to ‘turn the page’…
 
            
 
 Former Finance Chair Grassley says a full-pivot from healthcare to tax reform will happen…and the ‘seeds’ for doing that, including legislative vehicles to move a tax bill, are being planted...
 
    
 
Grassley says that doesn’t guarantee that one of agriculture’s biggest priorities, tax reform, will get done by Christmas…quickly adding, he’s seen more White House input on tax changes than in 30-years, including on two reform bills he helped pass as Finance chair.

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Atypical BSE Case Discovered in Alabama

An atypical case of Bovine Spongiform Encephalopathy (BSE) was found Tuesday in an 11-year old cow in Alabama. The USDA’s Animal and Plant Health Inspection Service (APHIS) says the animal never entered the slaughter process and was no danger to the food supply or to human health. APHIS has determined that the cow was positive for atypical BSE, a kind typically found in cows at least eight years old. It’s different from the more well-known classical BSE that was found in the United Kingdom back in the late 1980s. The most common source of classical BSE is typically contaminated feed. The cow showed signs of the disease when it was discovered via routine surveillance in a livestock market. Barry Carpenter, CEO of the North American Meat Institute, says the fact that the animal was found before it entered a processing plant should reassure Americans that the U.S. animal health surveillance system and safety protocols are working to protect the public’s health. Carpenter says, “The U.S. surveillance system for sampling and testing cattle far exceeds recommended international standards.”

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Senate Ag Chair Looks To Crackdown On Fraudulent Organic Imports

Ag Chair Pat Roberts says he knew a year before a media report that the Department of Agriculture’s Organic Program was not intercepting fraudulent imports of organic food. Roberts may now be ready to seek a fix in the next farm bill. He says the Washington Post reported recently that millions of pounds of shipments of possibly fraudulent “organic” products were imported into the US.
 
But that was not news to the Senate Ag chairman…
 
                      
 
Roberts told a farm bill hearing last week that lawmakers need to ensure that "overregulation and antiquated government processes" are not keeping farmers from succeeding in tough economic times…
 
        
 
Roberts says the Board is not keeping up with the huge growth and new technology in the organic market, while an influx of fraudulent “organic” corn and soybean imports meantime, is cutting into domestic producer profits.
 
Kenneth Dallmier operates the Clarkson Grain Company, based in Cerro Gordo, and he told the Senate Ag Committee the threat is huge…
 
                              
 
USDA recently decertified two of three firms involved in fraudulent shipments, while three key Senate Democrats have asked USDA’s inspector general to boost enforcement of organic import standards.
 
Dallmier recommended the Ag Committee consider adding staff at vulnerable ports, imposing tougher enforcement on shippers and recall requirements for end-users, and use of electronic farm- to-customer tracking devices that have less tampering risk than paper documentation.

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Current Farm Downturn Not Likely to Reach 1980’s Crisis

A report by a Farm Credit Administration economist told the Administration’s board members last week that the current downturn in the farm economy is not likely to reach a 1980s-style crisis. Farm Credit chief economist Stephen Gabriel said the “likelihood of this is very low,” adding that a confluence of adverse factors led to the crisis that occurred in the 1980s. He says it would take a similar combination of adverse developments to create another crisis in the farm economy. While the two periods are similar in some respects, Gabriel points out that interest rates were very high in the 1980s, and today’s interest rates are historically low. The price of oil is another major difference, according to his report. In 1979 and 1980, the price surged, while today it is declining. Also, the general economy is in better shape today than it was in the 1980s. The country experienced two recessions during the 1980s' crisis whereas today we're in an "extended, if lackluster, economic expansion," according to Gabriel.

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EPA To Hold RFS Hearing Next Month

The Environmental Protection Agency will hold a public hearing on its Renewable Fuel Standard volume obligations August first. The hearing, to be held in Washington, D.C., will take public comment on the 2018 renewable volume obligations, along with the 2019 RVO for biomass-based diesel, according to Ethanol Producer magazine. The agency released a prepublication version of the proposed rule earlier this month. The proposal calls for approximately 19.24 billion gallons of renewable fuels to be blended into the national fuel supply next year, including 238 million gallons of cellulosic biofuel, 2.1 billion gallons of biomass-based diesel, and 4.24 billion gallons of advanced biofuel. For 2019, the new proposal calls for the biomass-based diesel RVO to be maintained at 2.1 billion gallons. In a notice posted to its website, the EPA said the hearing aims to provide interested parties the opportunity to present data, views, or arguments concerning the proposal. The agency may ask clarifying questions during the hearing, but will not respond to presentations at that time.

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Weekly Market Commentary with Matt Bennett

Matt Bennett Commentary - 7-17-17

 

 

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ILFB Ag Industry Tour Of Canada - Interviews With Central IL Attendees

47 Illinois Farm Bureau Young Leaders toured Canada this week as part of an Ag Industry Tour through the IFB.  Local Farm Broadcaster Jared White had a chance to talk with the following attendees from central Illinois....

 

Kim May - Christian County

 

 

John Klemm - DeWitt County

 

 

Andy Lawhead - Piatt County

 

 

Tucker Muse - Piatt County

 

 

Alec Huisinga - Piatt County

 

 

These interviews will be featured in upcoming editions of our local Farm Shows on WHOW & WTIM, as well as in special reports all next week on WHOW.

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Ag To US Senate - Export Programs Key In Farm Bill

Agriculture Department export program are key to keeping conventional and organic producers in the black, as lawmakers write the next farm bill. That was the message from producers and ag lawmakers at a Senate farm bill hearing.
 
39 USDA export assistance programs have no funding guarantee when their 2014 farm bill authority runs out in 2019. Programs including Market Access, Foreign Market Development and Technical Assistance for Specialty Crops are among them, returning more than  $28 for every dollar invested, or more than $2 billion a year in net farm income, based on a study by Informa Economics.
 
Greg Haines with the U.S. Meat Export Federation…
 
               
 
Haines, meanwhile, says red meat exports add some 45-cents to a bushel of corn.
 
Kenneth Dallmier (dall-myer) operates the Clarkson Grain Company in Cerro Gordo, Illinois and told Senate Ag lawmakers USDA also needs to combat fraudulent imports of organic grain by boosting domestic production, legal liability for fraud, and verification tracking…
 
             
 
But verification is not enough. Ag Chair Pat Roberts says the National Organics Standards Board is plagued by “uncertainty and dysfunction,” hampering regulations needed to keep up with rapid growth and innovation in a sector, many growers now depend on to boost sinking margins.

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Tennessee Joins Other States limiting Dicamba Use

The Tennessee Department of Agriculture announced new limits on the use of dicamba-based herbicides this week. The move follows practical bans issued by Arkansas and Missouri for using dicamba for row crop applications, as concerns and drift damages mount. Missouri, however, released its “stop sale, use or removal” order Thursday on dicamba-based herbicides. The new rule in Tennessee restricts application to certified private applicators or licensed pest control operators, certified by the state. The rule also prohibits the use of older formulations of dicamba products for the rest of this growing season and restricts application hours to between 9 a.m. and 4 p.m. The new rules, according to the state’s Department of Agriculture, is in response to farmer-to-farmer complaints of suspected dicamba drift damage to crops. The measures are in effect until October first of this year, and violators could be fined up to $1,500 per violation. With removal of its ban, Missouri announced similar limits on dicamba use Thursday, which includes wind, time and applicator restrictions, as well as required notification of planned dicamba applications online.

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Full House To Consider Proposed Ag Budget That Reverses Many Trump Cuts

House appropriators have sent to the full House, the FY '18 Department of Agriculture and Food and Drug Administration spending bill, reversing many of the president's proposed cuts.
 
The $145 billion bipartisan House bill is $4 billion above the president’s request, but $8.6 billion below current spending.
 
Still, it restores many of President Trump’s cuts to rural development, research, crop insurance and international feeding programs.
 
Appropriations Chair, New Jersey Republican Rodney Frelinghuysen (free-ling-high-zen)…
 
           
 
SNAP is still cut by almost $5 billion, to $74 billion, but an amount that meets SNAP enrollment and Democrats can live with. The minority offered few amendments directed at production agriculture. Riders dealing with horse slaughter and e-cigarette advertising failed…swaps regulatory relief passed earlier by the full House was adopted…and sugar program reform was withdrawn.
 
Democrats embraced the bill’s inclusion of key trade measures. Connecticut Democrat Rosa DeLauro…
 
                  
 
The House USDA spending bill includes $1.8 billion for the new USDA trade mission headed by an Undersecretary for Trade and Foreign Agricultural Affairs. The bill reverses the president’s proposal to eliminate funding for the nation’s two international feeding programs, fully staffs county Farm Service Agency Offices, and keeps open 17 USDA research facilities the administration wanted to close.
 
The bill includes $2.8 billion for Ag research, more than $900 million for the Animal and Plant Health Inspection Service, about the same for conservation programs, and just over $1 billion for food safety and inspection.
 
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USDA Releases July WASDE, Crop Production Reports

The recent World Agriculture Supply and Demand report by the Department of Agriculture projects corn and soybean farmers will grow more crop than previously anticipated. USDA on Wednesday increased 2017-18 corn production to an estimated 14.255 billion bushels and soybean production to 4.26 billion bushels. Corn production came in slightly above the highest pre-report estimates while soybean production came in higher than the pre-report average estimate as well, according to DTN-The Progressive Farmer. The farm price for the 2017-18 soybean crop was pegged at an average of $9.40 a bushel, a 10-cent bump from last month's estimate. For corn, USDA estimated an average of $3.30 a bushel, down 10 cents from earlier estimates. USDA also raised All-Winter Wheat production to 1.279 billion bushels, up 29 million bushels from the June report estimate.         

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CBO Expects Baseline Farm Bill Savings

The Congressional Budget Office is out with its latest estimate of baseline funding available to write the next farm bill. The CBO says the last farm bill saved much more than expected on food stamps and crop insurance. Iowa Senator Chuck Grassley says the budget office expects more baseline savings on farm and nutrition programs over the next ten years…
 
 
As producers seek a more certain price-floor amid continued low prices and as crop insurance remains a popular safety net program…
 
 
7-point-5 billion a year less than the last farm bill. But Grassley points out, funding for 37-farm bill programs will expire without new funding, while numerous groups are calling for new spending in other areas…
 
   
Especially since budget writers could demand additional savings in government programs. House Ag appropriators have already proposed a 5-billion dollar cut in FY ’18 food stamp spending.

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Trade Retaliation Worries Ag Groups

18 agriculture groups representing the majority of production agriculture sent a letter to the Trump administration recommending it avoid placing restrictions on steel and aluminum imports. The groups are worried that such a move would negatively impact U.S. food and agriculture exports. The groups said in the letter that, “the aftermath of those restrictions could be disastrous for the global trading system and U.S. agriculture in particular.” The letter points out that many of those countries exporting steel and aluminum are also the same countries that import a large amount of U.S. agricultural goods. The letter stresses that “potential retaliation from those trading partners is very real.” The 1994 General Agreement on Tariffs and Trade says national security can be a reason to restrict trade but is rarely done. The organizations point out that no other country can dictate what another’s national security needs are. “Now, every country with a sensitive industry would know it could follow the example of America and find a national security reason to circumvent trade agreements, no matter how flimsy the reason,” they said. The farm groups urged the administration to “avoid igniting a trade war” through the imposition of restrictions on steel and aluminum imports.

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USDA Authorizes Emergency Haying in Upper Great Plains

Ag Secretary Sonny Perdue authorized the release of Conservation Reserve Program land in Montana, North Dakota, and South Dakota, for emergency haying. The announcement comes after agriculture groups and state legislators made urgent requests to the agency to address the severe drought conditions in the Upper Great Plains region. National Farmers Union President Roger Johnson says the conditions are forcing many farmers and ranchers across the drought-scorched region to make tough decisions about downsizing their herd or even keeping their farms. “Given that they’re also dealing with a severely depressed farm economy, the secretary’s action will go a long way toward alleviating some of the concerns currently facing farmers and ranchers,” Johnson said. The U.S. Cattleman’s Association says the announcement will help provide cattle operations with the tools they need to take care of livestock through an especially difficult time.

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Missouri Ag Department Wants Dicamba Ban Lifted Quickly

The Missouri Department of Agriculture issued an order Friday afternoon stopping the sales and use of Dicamba herbicides in the state. Products currently impacted by the order include Engenia (in-G-knee-uh), FeXapan (fecks-uh-pan) plus VaporGrip, and XTENDIMAX (extend-uh-max) with VaporGrip. Director Chris Chinn says the three manufacturers – BASF, DuPont and Monsanto – have been working on new Special Local Use labels, with the hope to quickly lift the order when her department receives them...tape
 
 
Chinn says as the delay was under consideration, department officials were in regular contact with Dicamba manufacturers and farmers who suspected damage from its use. Those conversations included touring one of the over 100 fields where damage from Dicamba usage is suspected...tape
 
 
Interesting to note, Chinn isn't calling the order a 'ban', but instead 'hitting the pause button'. She adds that the department, Dicamba manufacturers, and Missouri farmers all want a product that effectively manages weeds without harming cash crops...tape
 
 
Discussions have also taken place with neighboring states, including Arkansas, where a 120-day ban on Dicamba took effect Tuesday. Chinn says she’s hoping those discussions will yield ways to better utilize this and other pest management technologies...tape
 
 
The products impacted by the order were recently approved for use on cotton and soybean plants with traits making them resistant to Dicamba.

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Farm & Livestock Groups Continue Manure Reporting Fight

Farm and livestock groups will continue to fight for an exemption from emergency reporting of manure emissions, after the EPA lost a federal court decision to environmental groups that sued over the exemption.
 
The U.S. Court of Appeals for the DC Circuit denied a request by pork, poultry and other livestock and farm groups to rehear its rejection of an EPA exemption from 2008 U.S. manure emission reporting regulations. American Farm Bureau’s Andrew Walmsley argues that hazardous substance reporting is unnecessary for manure…
 
 
Walmsley and other ag leaders expect EPA to ask the court to stay its decision and give the agency more time to figure out a way forward. Without a stay, AFB, National Pork Producers, poultry and cattle groups fear more lawsuits by environmentalists…
 
 
Walmsley adds, there’s no way scientifically, to measure manure emissions, creating a reporting ‘headache’ for producers, while possibly overwhelming emergency call centers. AFB, NPPC and other groups hope EPA can come up with a regulatory way out of the manure reporting mess.

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Syngenta Settles Nebraska Complaint, Minnesota Trial Next

Syngenta has reached a confidential settlement with a Nebraska farmer who claims the company mishandled marketing of its genetically modified seed, which in turn caused corn prices to plummet. Bloomberg says a settlement heads off a trial that was to start this week. Terms of the settlement were not made public. It was just two weeks ago that Syngenta lost a jury verdict worth $218 million dollars because of a class action suit brought by Kansas farmers alleging similar claims against the company. Syngenta will next face a class action suit, which starts in August, up in Minnesota. Farmers there are seeking more than $600 million dollars. The farmers allege that Syngenta rushed its seed into the marketplace before getting approval from China to export the grain over there. China stopped bringing in shipments of corn in 2013, calling the grain shipments contaminated by the GMO seed. The farmers say that set off a five-year depression in corn prices. They also say Syngenta misled them on when China would approve the seed for import. Syngenta disputes the damage claims, saying it did nothing wrong. The company says it didn’t sell the seed until approved in the U.S. and didn’t need China’s approval to do so.

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Missouri and Arkansas Halt Dicamba Sale and Use

The Missouri and Arkansas Agriculture Departments both halted the sale and usage of dicamba in their respective states. Those two states have been in the middle of hundreds of misuse complaints. The Arkansas ban is effective for 120 days while the Missouri Ag Department would like to reinstate product usage this growing season after their investigation is concluded. The Missouri Soybean Association issued a statement saying over 200,000 acres of soybeans show at least some level of dicamba damage. The state’s soybean checkoff issued a statement saying it’s clear some type of action is necessary. Missouri Ag Director Chris Chinn said in a statement on the department’s YouTube channel that they’re actively working on the issue. “I’ve asked the makers of these approved, post emergent products and farmers to work with us to determine how we can expeditiously allow applications to resume this growing season,” she said in the video. Monsanto released a statement saying they’re complying with the order and they encourage all growers to do the same. The 120-day ban goes into effect at midnight on Tuesday, July 11th. Arkansas farmers have filed nearly 600 complaints in which dicamba is the suspected pesticide.

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EU & Japan Trade Deal Spells Loss For US

The E.U. and Japan have struck a trade deal in principle that if finalized, could put U.S. agriculture and other products at a competitive disadvantage in the huge Japanese market. The deal still needs technical work before the E.U. and Japan can implement it but this week’s announcement in the lead-up to the G-20 economic summit in Germany signals a possible loss for the U.S. and U.S. agriculture. D.C. Ag trade consultant and a former USDA trade chief, Paul Drazek…
 
     
 
Drazek suggests the US could have had from TPP, what Europe will now get from Tokyo…
        
 
Including U.S. beef and pork, which spurred the National Pork Producers Council to redouble its request to the White House to get going on a bilateral deal with Japan, the top market for U.S. pork at 1-point-6 billion dollars last year. Drazek says Tokyo may be in no rush after TPP to do a deal with the U.S.…
 
            
 
Drazek says Tokyo is watching how the U.S. handles NAFTA and whether it tries to add new trade-balancing import restrictions, ones that would also apply to Japan.
 

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Mexico is No Longer Top Destination for U.S. Corn

U.S. corn shipments to Mexico have slipped in recent months and Mexico in no longer the number one buyer of American corn. A Bloomberg article says it may be a sign that trade tensions are forcing the country to look elsewhere for corn in case the U.S. is no longer a reliable supplier. Sales through May of this year were down almost seven percent from last year, coming in at $1.04 billion. Japan has become the biggest importer of U.S. corn after boosting its purchases by 53 percent, totaling $1.19 billion. Mexico began looking for other corn suppliers after President Donald Trump’s criticism, which began on the campaign trail when he said Mexico has taken advantage of the U.S. through the North American Free Trade Agreement. Mexican corn purchases are picking up as the peso rebounds from a record low against the dollar in January. Lesly McNitt, Public Policy Director for the National Corn Growers Association, says the sluggish pace of U.S. corn shipments to Mexico shows the trade relationship may be at risk. “They’re preparing a Plan B,” she said to Bloomberg. Mexico has initiated discussions with suppliers in Argentina and Brazil.

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Farm Groups: EPA's New RFS Targets Mixed

Farm leaders are giving mixed reviews to EPA’s just-proposed 2018 renewable fuel volume targets under the nation’s Renewable Fuel Standard.
 
National Corn Growers President Wesley Spurlock says EPA’s proposal to keep the so-called renewable volume obligation for conventional corn ethanol unchanged from this year is good for farmers and rural communities who dealt with RFS uncertainty the last 3-years…
 
 
Others were less supportive. Iowa Senator Chuck Grassley was “disappointed” EPA proposed no increase in biodiesel production, as well as cuts to advanced biofuels and cellulosic ethanol…cuts that he argues will have a “chilling effect” on investment in the next generation of biofuels.
 
National Farmers Union President Roger Johnson read from a prepared statement that while the proposed volume for conventional ethanol meets the RFS statute, volumes proposed for advanced biofuels fail to meet President Trump’s biofuels commitment to farmers…
 
 
Johnson says the EPA proposal will ultimately fall nearly 7-billion gallons short of levels Congress prescribed and urged EPA to reconsider the cuts when it finalizes a rule by November 30th. The Renewable Fuels Association also expressed concern about the lower volume target for cellulosic ethanol, but praised that for conventional ethanol, saying it will help drive investment in facilities to accommodate higher ethanol blends.

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Optimism Returning to the Ag Producers Barometer

The Purdue/CME Group’s June survey shows producers are a little more optimistic about their financial position than they were last year. The shift is why the June index reading of 131 was unchanged from the May survey. The index has held steady for three straight months and remains well above the low levels of last November. The shift in producer expectations is a long-term trend. At this time last year, just three percent of the producers who responded felt their operation was better off financially than the previous year. That number jumped to 10 percent last fall, dropped a bit in winter, and rebounded to its current level of 13 percent, the highest reading since the survey began in 2015. The shift is likely based on several factors, including farm revenues, which increased after large yields in 2016. Production costs also dropped from the previous year, as did many farmland rental rates.

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U.S. House Passes Technical Ag Education Bill

High school career and technical ag education programs recently received a boost from the House of Respresentatives The House of recently passed the Strengthening Career and Technical Education Act for the 21st Century. The measure reauthorizes the Carl D. Perkins Career and Technical Education Act. AFBf director of congressional relations RJ Karney says this is vital legislation for the future of Ag businesses…
 
 
The bill provides career and technical education plus post-high school job training and retraining, all of which are necessary to build a skilled workforce. Skilled workers are as necessary in rural America as they are in urban areas…
 
 
He says the programs in the Perkins Act are well-rounded ag education programs, covering areas like horticulture, forestry, as well as plant and animal sciences. American Farm Bureau will be working to educate senators on benefits the legislation brings to rural communities…
 
 
Again, RJ Karney is the director of congressional relations for the American Farm Bureau Federation in Washington, D.C.

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CORN GROWERS WANT CLARITY AFTER WOTUS REPEAL

The Environmental Protection Agency announced they will put forth a proposal to rescind the Obama-era “Waters of the U.S. Rule,” and will clarify what is the actual law of the land. Ethan Matthews is Director of Public Policy for the National Corn Growers Association and he says corn producers are very happy to hear this news…
 
 
Corn growers farm over 90 million acres in the country, which means they have a big role to play in the nation’s water quality. Matthews says they need some certainty over what they can and cannot do and what they need to get a permit for…
 
 
Matthews says the announcement came about because the administration in Washington D.C. is listening to farmer concerns and that’s a big change from recent years…
 
 
The next step for the administration is for the agency to develop its own rule on Clean Water Act jurisdiction. Matthews said the corn growers are looking for clarity of what’s jurisdictional and what’s not under the Clean Water Act…
 
 
He adds it’s important that the new rule doesn’t say “everything under the sun” falls under the jurisdiction of the Clean Water Act.

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Senator Grassley Talk Farm Bill Cuts

The writing’s on the wall for the next farm bill: increasing program competition for evermore-limited dollars. One U.S. Senator sees some pretty stark choices. The central farm bill question will again boil down to nutrition versus farm program spending. Longtime Iowa Senator Chuck Grassley sees just two areas to rein in SNAP or food stamp spending…tape
 
 
Grassley says such moves spell out a “middle ground,” more likely to get sixty Senate votes than more severe cuts. House appropriators propose in fiscal 2018 to pare 5-billion in SNAP spending to meet slackening program demand, twice what President Trump proposes. Grassley says similar efforts to prioritize and pare spending are needed for farm safety net programs…tape
 
 
A USDA official told the Senate Agriculture Committee last week that popular USDA conservation programs from EQIP and CRP to CSP and the Regional Conservation Partnership are underfunded and oversubscribed by several times. The last farm bill cut conservation spending by 6-billion dollars over 10-years.

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