tv U.S. Farm Report FOX October 11, 2009 4:00am-5:00am EDT
today, on "u.s. farm report", another month, another batch of usda numbers on this year's major crops. fertilizer prices are easing, but profit margins still shrink for most growers. and canada asks the wto to examine the u.s. country of origin rules. "u.s. farm report" brought to you by chevy, an american revolution. good morning. welcome to "u.s. farm report". i'm john phipps. a lot of harvest news today. both size and progress. cliff notes version, bigger and slower.
we'll have the numbers shortly. the star of the show will be our meteorologist mike hoffman. without clear weather, we could be rorpgd on harvests 2009 for several more weeks. the situation is remarkably widespread, but sharing the anxiety isn't all that much fun. it's not like the world outside of ag is hum drum either. i think it's safe to say 2009 will be one for the books. the ag department released its monthly supply demand reports friday as expected production was bumped up on corn, y and wheerkts but the the numbers were within analysts expectation. 2009 production for corn was just above 13 billion bushels with a-year-old of 164.2. for beans, little change from september. total production, 3.25 billion bushels. cotton output dropped slightly to just under 13 million bales. the all important 2010 carryover numbers, corn, 1.672 billion,virtually the same as
this year. beans, 132 million bushels up 10 million and wheat, 864 million bushels up 120 million from 2009. our analysts will dissect this report later in the show. now, hear is al pell with the rest of today's headlines. >> thanks, john. for most growers, harvest has hardly started, but planting for 2010 crop is already under way. to that end, there could be some good news on the fertilizer price. purdue ag economist bruce eric von thinks farm letters see a reduction in prices next year. he's projecting fertilizers could be a third less depending on soils and crop rotation saying the figures are based on 35 $3.30 corn and $8.30 beans. while fertilizers prices may bedropping, overall prices remain relatively high and not dropped like commodity prices. farmers margins expected to be less in twlep 2007 and 2008.
if you didn't sign up for the new average crop revenue election program this year, you can now start rerjs religions sterg for next year. ag department says enrollment for the 2010 a. c. r. e. program as well as the direct counter cyclical program is under way. reminds farmers a. c. r. e. is a choice and you must compare it to traditional farm pro -- programs. >> there are many ways you can do that. the way i like to look at it is in terms of revenue coverage. how much coverage does it offer me. if you use soybeans for an example in 2009 for state of ohio because you have to do this by the state because it is a state program, basically a. c. r. e. was offering you about a $416 coverage. in the way do i it, it's basically about $255 is the value of the counter cyclical pro gral and marketing loan program. the reason a. c. r. e. is higher because it uses the moving average of prices and
current yields. >> he often enciewrmtioning farmers to do their homework on it. he says once you signed up, farmers enrolled in the initial crop year and remains in the program through the 201 crop year. canada is asking the world trade organization to set aldispute overt mapped tory country of origin labeling policy in this country. they asked the wto to manage a dispute settlement program. they feel their cattle are being unfairly discriminated begins and has cut into canadian beef exports. ron cirk says he believes implementation is consistent with wto policies. that's it for the headlines. now back to john for crop watch. crop watch is brought to you by syngenta's agri-sure 10,000 gt. launch your-year-old with 3,000 gt hybrids.
al a-grower in ramsey county, north dakota, in the northeast region says wheat harvest has wrapped up with some big yields. 30% above normal. in hartyman county, texas, the texas agri-extension office says the cool weather is encouraging an outbreak of worms. a case of soybean rust has popped up. this is the northern most case of rust this year. because the crop is advanced enough, yields should not be affected. when "u.s. farm report" returns, our market ex pets -- pecks erts -- experts are here for a post report breakdown. discussion begins in 2:00. please, stay with us. "u.s. farm report" is brought to you by evicta complete corn, the best way to protect your corns from people inia toads and -- themmia toads and diseases. find out at crop watch/corn.
fisher from roach ag. we've got another report to talk about from the government and also cold weather and lot of rain. so, let's start with the report. how about with you? >> usda came out with this report today and most of the traders were expecting a jump in corn production with a higher yield. we got about a 2.3 bushel up port adjustment for corn yield. our corn crop got a little bigger. our carryout ended up being around 16.40 on the corn. you saw additions of demand, but mainly they did some subtractions in acres. they finally took out the 600,000 corn where we had trouble planting it. they took out 700,000 harvested. so, you saw potentially a bigger crop and a huge carryout, but the acres counter balance some of that. soybeans they didn't do very much with. they settle in the demand numbers a little bitment yield
numbers went up like .2 bushels. we didn't see a big jump of bean produjts i think most traders were expecting from the early yield results we heard a- two bushel bump in beans. one of the things you look at the crop report with the two numbers corn and beans, we only have 10% harvested, 15% hampted -- harvested. we don't have a lot of numbers yet. >> what happened to the price then, gavin, as a result of this? maybe not a result of this, but what happened to the price as soon as. >> price went up pretty strongly across the board particularly in soybeans irrespective of the usda. i'm not sure the usda report had any influence on the prices today. the pattern of buying interest is really speculative large funds wading in. bought thousands of contracts of beans today. u.s. dollar being apparently very weak and destine to more weaknesses big catalyst there. qiek quite frankly even though there's quite a few beans
nearing harvest, they haven't been harvested yet. there are crushers and people who want beans today. if you want beans today, you have to pay for them. >> that's basically what happened on corn. i saw maybe off a little bit -- >> traders both sides on the day. it will be a jittery market with this frost looming, the wetness really seeping in across the whole midwest. there's a few things to be worried about. i think the market tends to overreact in bad weather situations and being the end of the week, a lot of people want to kind of cut back on their risk exposure over the weekend. short positions were unwound. that gave as you nice boost our farm review depending on where they are, some of them have been going along doing harvest and harvests have been pretty good. some of them out there haven't been able to do much because it's been too wet or not mature enough or now looking for a temperature. what's going to happen in the future in the next three weeks?
you're jazzing it up until thanksgiving. >> we're having a long, drawn out harvest. harvest? what harvest. we haven't hardly done anything yet. >> when you have a long, drawn out harvest, then you don't have the big harvest fwlt price, is that true? >> we may have harvest in the prices because -- like every broker or traird on the street was talk about 170 national average yield talking about ldp's when the price is down 305. you might have seen futures dump but, as far as cash it's probably flat thnd market out for a month or so where we can't do a lot because if anybody want tog to be long a lot of corn this price. >> are you feeling the same way? >> i think we could have another vee visit of those lows that andy referred to that we saw in early september. i think we already traded very high national yield number. i think there's still upwards room for the usda again in the corn front to nudge it up one more time. so, the november report will be a big one.
also, i know everybody was anticipating a late harvest and that's what we're getting. it is going to be extended. eventually, we'll get into a lot of beans and corn across the whole country. there isn't going to be enough storage for all of it. whatever there isn't any storage for is going to be sold. that will depress prices. maybe the weakness we see in the first half of november versus maybe the second half of october which is what we traditionally are used to. so, october could be sideways and the downward leg in november flushes it out and that's the low probably for the season. >> let's get ready now. when we come back for the next sect, -- segment, talk about what the priewfers should do if he oversold, sold too much, if he's got to come back and have the late low. what the producer should be doing in order to take advantage. we'll be back with more "u.s. farm report" in just a moment.
"u.s. farm report" round table this week. gavin mcgwire andy schissler. we had a good explanation about what the report was. now, the report is out. gavin, you kind of pointed out it looks like our harvest is going to be slow. we're going to have all our storage fairly fullment weapon we run out of storage whether it's at the elevator or wherever it is, we might get another price thump. i want to know what the farmer should be able to do to take advantage of this scenario? you're thinking about t you already thought about it. i'm going to ask you. ok, andy. you might not agree with him if you don't say so. >> well, i guess we don't usually do a lot of market this go time of year anyway. looking at the recent rally and knowing if there's a lot of corn out there, there's a 13 billion bushel crop out there. in the same token, there's only a 16 or 1,700 carryout, so it's not a death senlt sentence of any sort. as far as marketing, i'm not
going to taing change my pattern that much from normal. we may have excess bushels. we're in a sell signal we recommend doing some of that. we also would look at some of next year's corn at a $4 market. probably trade both sides the $4. i think that's a good place to sale corn for next year taking advantage of the carry w that said, i'm not that bearish the market in jefnlt i know there are things going on in china right now that are pretty bullish that are going to put a buying power underneath this market and in the corn crop in particular with the big loss in their crop, it will make our market a little more friendly than people would think. >> ok. gavin, you heard his comentd imhents that. you thought about this. are they different? >> i think a lot of farmers are finding they have far more bushels still to sell than they had thought only a month or so ago. what they should consider that is gravy, extra ammunition perhaps to fire off during
these rallies we get on frost scarce. a mart ma hjorth of producers -- a majority of producers should already be quite well protected by this time of the year. we always put in our lows in harvest. no surprise. if you wait till now to sell, you're playing the wrong game at the wrong time. >> when you get in the feelt field and you get 20 bushels more per acre and get a couple thousand acres, what do you do? >> it's a terrific problem to have. you should only be a seller in balance of strength. we've had that recently. we've had two 20, 30 rallies. use them break up into chunks of 10. fire up each one of those every time you get rally in the corn price. that way you know you're participating on your terms, taking profits from the market and you're putting those extra fwowcials work for you rather than for somebody else. >> good discussion. got -- good suggestion. something we've got to do. what is the next thing that is going to affect our customers farmers that we need to worry
about? is it going to be interest rates, the falling dollar? is it going to be trade up or down? what do we need to worry about and just a topic and then we can discuss it briefly? >> i think the buzz around chicago, new york, wherever you wanting to is about the metal and gold and i flaition and u.s. printing -- >> inflation. >> yeah, inflation. people are grabbing commodities and buying them. you're seeing a ton of that. i think it will be a bend or bust deal. that's one of the things farmers are going to fight through. we'll go through stages where everything looks great. people screaming about how great gold is. our corn and beans aren't very good either. i think those are some of the things you're going to run into. if you saw gold drop here, you would see corn and beans take a hit. >> you think so? >> i think so. i think farmers need to focus on what they're good a i know they need to pay attention to things like the dollar, but
right now we have to worry about staying in business because we're going to have a continued volatile economic landscape to operate in. >> so, you need to lock in your next year -- >> yeah, cheap right now. if you like this look at them and make a profit, make sure you manage those risks. buy your inputs. sell some 2010 corn, but not just on anytime. again, sell it when it's strong so that you have a chance to use the market to your advantage. so, if december 10 corn goes above 415, 420, fire off a few rounds of your sells and buy the appropriate amount of inputs to protect that and then you're in business next year. you know you captured the profits. no matter what happens, you'll be producing still in 2011, 2012. >> quick answer. it's got to be real quick. dollar going to be up or less january 1 this year, january 1 next year? >> probably below here. >> i think it will be a little higher. >> we'll be back with more "u.s. farm report" in just a moment. this season, choose dekalb
welcome back to "u.s. farm report". we don't see a big change in the drought monitor over the past week. it's been implofg in texas over the past month. getting worse across parts of the upper midwest, minnesota especially into northern wisconsin, u. p. of michigan and continues dry in many parts of the western states as you see there. it's dry pockets basically. middle atlantic, most of the carolinas as you can see and also central portions of the appalachians. let's take a look at things as we enter the jet stream on monday. you'll notice one thing. there's very cold air over cannedda. it's been rotating up there not plunging real far south into this country although this last
batch did make it into the dent denver area obviously with very cold air this weekend and it's spreading eastward. you'll notice how with a strong jet from east to west, you'll see this cold air go to the gulf of mexico or anything like that. that basically is the way things are shaking up. you'll ne notice late next week our models suggesting a quick and direct blung plunge off the arctic circle off the northern plains and rockies by next saturday. let's look at things day by day. we'll see a storm sis tim moving through the ho lo valley. on the fringe of this thing could touch the chicagoland area but more likely farther north. rainshowers throughout thisstorm system with showers and thunderstorms a little ahead of the front. lingering front through the southeast still causing some rain as well. by wednesday then, high pressure settles southward t does turn cool into the southeast. not real cold that. cold air stays north. scattered liveg snowshowers.
good rain maker for the drought areas of washington and oregon the way that looks. that will quickly move eastward by friday with rain across the great lakes, showers and thunderstorms into oklahoma and texas and another system coming in out west with some rain and mountain snows out that way on friday it looks still mild in the southeast. again, another kind of cold shot of area coming -- air coming into the northern tier of states. in our next half hour, we'll check the longer range forecast.
this week delivered a brutal, rainy blow to many of us in the lower corn belt. in my area, they're exceeding almost anything in living memory. we're! toblg find ways to get crops out of the field and dry enough to store even briefly. other farmers are look for similar answers. since we have so many nonfarmviewers, here is a brief
outline of the problem. when crops are high in moisture, they're more difficult to harvest and can spoil in storage. the problem is worse for soybeans. they may dry and shatter when run through a combine. this may cause considerable sunshine to happen something shorter days and late fall weather don't provide in abundance. corn kernels don't reasosh moisture once they've driefd dried down. for all crops, ground must be firm enough for tires grip and not sink in. warm, dry winds must help soil lose excess moisture. crops can be harvested when the ground is frozen, but that always means the possibility of snow. it also reverses prime harvesting time to night when temperatures are at the low. this is all one reason why we farmers may scene seem a little, old touchy these days. as always, we want to hear from you. send comments to the email@example.com or call
800-792-4329. next half hour, a nasty yard pest is on the move. stay with us. second half of "u.s. farm report" is coming right up. put a fork in it - today on "u.s. farm report", put a fork in it. the growing season is over for many this weekend. while outside investors are buying farmland, very few are outside the u.s. and unwanted pests are invading new locations and i'm not talking about your inlaws. >> "u.s. farm report", brought to you by chevy, an american
revolution. good morning. welcome to "u.s. farm report". i'm john phipps. well, the growing season will come to an abrupt halt for many of thus weekend even as the harvest season stretches into the distant future. another slow-moving rain drenched corn and soy feelsdz fields just as combines were beginning to role. 2009 is now the most challenging growing system i have personally experience and we're far from being done. i seem to remember saying much the same last year, but the harvest was marginally easier. i can recall as well some remarkably enjoyable and speedy harvest seasons. these things tend to even out. at my age, i'm just glad i feel up to the effort that is going to be needed. time for the news now with al pell. >> thanks, john. many of you in the nation'smidsection will be bundling up this season as cold
air moves n farmers in the corn belt and northern plains, freezing temperatures mean the end of the growing season. unfortunately, many growing crops have not fully matured. >> the biggest concern is actually the corn crop because we see full maturity nationally and only a little bit more than half of the corn crop and there's still quite a bit of vulnerability in some of the northern states obviously as of october 4, maturity had been reached on only 33% of the corn acreage in wisconsin, for example. even though the corn can still be harvested for grain, it will be wet. there will be high moisture content. there won't be a lost crop, but maybe a little expensive to dry down. >> when corn crops don't dry in the field, farmers must then dry the crop which means an add expense. if you were to guess how much u.s. farmland has foreign ownership, the farm foreign agency says about 21 million acres has owners from outside
our borders. break down the numbers, that's about 1.6% of all privately owned farmland in this country. canadians hold the largest amount about a third of the foreign-owned farmland. op a state by state account, maine has the largest amount of foreign held u.s. agricultural land. some foreign invaders continue their trek northward in the united states and have reached a new state. for the first time, fire ants have now shown up in southeast missouri. red, imported fire ants arrived in the u.s. about 50 years ago and spread throughout the southeast. they're aggressive l-bite humans, livestock and pets. fire ants are extremely aggressive. when a mound is disturbed, the ants will rush out and get on to a foot, a finger or whatever else is close by. >> houseman says when fire ants bite, they release a fehr moan that triggers the -- fair moan
that triggers the other ants to sting at the same time. official aren't sure where they came from but believe they may have ridden on landscaping plants from other southern stats. -- states. it appears americans are not getting enough fruit and jeng vegetables in their diet with a study done by the centers for disease control. they say a national target is 75% adults eat at least two servings of fruit and three servings of vegetables daily. according to the report, only about a third are getting fruit intake. 27% of eating enough vegetables. a good place too get fresh produce is your farmer's market. the ag department says there are plenty available. ag secretary tom vilsack says a informal farmer markets in the u.s. is up more than 13% from a year agoment the ag department started tracking farmers markets 15 years ago. the number has grown by nearly 4,000 nationwide. that's it for news. time now for forecast from
meteorologist mike hoffman. they might take a look at this map and say the jet stream is going from west to. >> he that means there's no real cold air in the country. that's not exactly the case in this situation. the main jet is going to be moving from left to east -- west to east most of this coming week. there are cold shots of air that's already made it into parts of the western states into the plains states this weekend. that's going to continue across into the great lakes as we head into early parts of this week maybe even a little band of snow. could even accumulate in spots, parts of michigan down into iowa. just all depends on how south this really cold air gets and how north the moisture is. it it may be rain on the northern fringes it have and a little farther south. best chance for rain will be farther south to the jet stream, tennessee valley area, oklahoma, that sort of thing. by wednesday a-couple of little
troughs. again, the main jet stream moving from west to eekt east as you can see cold air settles into the great lakes. scattered lake effect snowshower into the northeast, mainly dry through the southeast except south florida and a system coming into the pacific northwest for a change causing a lot of rain and mountain snows out that way. by friday then, we will see that chilly air across the plains might be very cold air ready to plunge southward on that point friday. we'll have to watch that one. another system coming into the pacific northwest. first one causing mainly rain from the great lakes into the central plains. take a look at neck week's temperatures the 18-24 of the october. most of the area normal. precipitation, above normal from the gulf of mexico into the great lakes and northeast. below normal western plains into the southwest. 90-day outlook for interpreters temperatures, below normal. for the central mississippi valley into the mid-atlantic states and part of the northeast above normal. west texas into most of the
west and 90 day outlook for precipitation, we're going to keep it near normal across most of the corn belts, above normal south and central texas into the southeast. below normal for the pacific northwest. john? >> thanks, mike. this weekend, you may be picking up a pumpkin for carving. whether it's pumpkins, corn stalks or fall flowers,ing a agri-tourism is helping some farmers. "spirit of the heartland" is next. >>
families. for those on the farm, agri- tourism is a good way to earn additional income t doesn't come without lots of effort. chuck denee denney provides proof in this report. >> call it the kauaiest before the barnstorm. honey suckle farm has no visitors this day. that's about to changement they're preparing for an onslaught of people and there's a ton of work to do. >> a feerm that goes into agri- tourism has to be able to handle all aspects of business. >> reporter: for owner jeff, that's planting and harvesting including two massive corn mazes and growing 50,000 hand- sized pump pumpkins for kids to pick. he must also do construction work, dream up creesm creative ways to engage foam folks and then market the whole shebang to school groups and general public. he got into agri-tourism in 2003 and, boy, has it been successful. >> started as a hobby. we had 500 people come through this farm the first year. they parked in the front yard.
we've come a long way in seven years. >> how many visitors? >> roughly 40,000. >> let me run the numbers by you again. 500 to 40,000. he believes it's because of word of mouth advertising and the variety he offers. the focus is on ag education, but also on fun. among the new items this year, a jumping pillow called a corn popper. >> i think the secret to success is when folks come out here, they feel they can be a kid. they can scream. they can run. they can play. >> a recent ag census reports more than 500 tennessee farms are now involved in some form of agri-tourism with sales of $20 million a year. for many in agriculture, this is a new and necessary way of earning a living on a farm. >> agri-tourism is one way that people can add value to their farm and generate increase income at the farm level. >> may grab brew with the
tennessee center nor profitable agriculture works with many farm parade operateers who develop side ventures. agri-tour sism year-round. operations like honey suckle hill are especially concentrated on fall activities. >> people are in the mood for pumpkins and mums, for fall products and weather gets nice and it's nice to get outsigned enjoy some time with your family. >> agri-tourism isn't for everyone, but it is a new reality for making a living with land. this is a prime example here, a farm built to entertain. this is chuck denney reporting. >> while jeff gross small pumpkins, some folks like this grow gigantic gourds. take look at this one for instance. according to the great pumpkin commonwealth, she just said seth a new world record that measured 1,725 pounds t took place at theohio valley giant pumpkin weigh in last weekend. it surpass the old record by 36
in what may seem like an ironic twist, there may what may seem like an ironic twist, there may be a shortage of mil milk in the western united states. we talked for months how an abundance of milk and dairy herds has played a role in the drop in dairy price. now it appears some processors are running a bit short. according to our partners at dairy today, some of the biggest milk processors are short on mill tock fill contracts. several months of reduced production and herd buyouts have reduced supply. through august this year, california milk production is down 3%. while dairymen are hoping for quick relief t-appears a slow recovery is more likely. at the 2009 dairy expo in madison, wisconsin, michelle rook talked with producers to find out how they're weathering
the storm. >> reporter: dairy producers are a tough group in a hard business and weathered the ups and downs of the milk market during several cycles. this latest downturn is one of the worst they've ever seen. >> i've been in the daif dairy industry like 40 years though. it's the worst i've seen because not only are prices low, but expense are -- expensers very, very high. >> the fall is hard high. milk prices were at a high and then dropped nearly 50%. >> it's amazing how we went from 19, $0 mill being a year ago to $10 mill ago a combination of factors caused the free fall in price but the big eventual was -- biggest was the impact and global recession and stronger u.s. dollar had on demand. priors down 50% from a year ago. >> exports were at a high last year and they're down 8% this year largely due to the fact of a global economic crisis and we've got inventories now we have to work through. >> as a result, milk prices are
well below break even for a majority of producers. with dairymen losing money and more liquidation are is expect this had winter eye know the bankers, you're losing anywhere from $100, $150 a cow per month. that's what they're gauging in. >> i know of several folks in our area who have chosen to get out. they've burned enough equity. they say, no, we've had enough. >> the lending community is trying to help producers that want to stay in the business. we're doing things like giving them interest only, type periods. we're doing -- providing credit to get them through with some of the inputs. >> it looks like the recovery will be very slow for both milk price in the dairy industry as a whole. there is some optimism growing about 2010. we've got to get back at least in the $150 range, $16. we think we'll be there by the second half of next year and hopefully sooner than that. >> they think the bioprow gram
is helping some with the recovery, but usda temporary increase to support surprise too little too late. >> given where they have raised it today gives you a support price around $11.50. that's still poverty leefl congress is considering $350 million for usda to purchase surplus cheese. many in the industry believe these are just ban daidz and a longer term solution is needed such as a sly management program. >> let's get it so that we produce exactly what the market needs. you can adjust that from year to year. if it goes up, you can have more. goes down, you've got to produce less. >> until a remedy is found, dairy producers are hoping they are seeing a glimmer of life at the end of the tunnel. >> when you're a dairy farmer, you've kind of got to be opt mi. mystic. we'll see what happens. >> in madison, wisconsin, at this year's world dairy expo, i'm michelle rook reporting. some producers at the show told michelle they lost in a
to us from canton, texas. we tractor tales this week comes to us from canton, texas. we spent time talk to go a number of collectors including a gentleman proud to show off his1953 farmall super h. >> i bought it from a gentleman who bought it used in 195 3 and that was kind of interesting to me and that's one of the reason i bought the tractor. after visiting with him, talk to go him, he was very particular about the way he took care it have and it was in excellent condition. i had the tractor about 12 years. i haven't done that much to it. did some work on it and a few minor things, tires. he took so good care of it, all
the wiring, the electrical wire, these came when this was needed. everything worked and there's a few extra things been added on to it after he bought it. had the manual. sent the manual with it. i was impressed with the fact he had taken good care it have and we made a deal and i'm -- i've been very pleased. this is probably the favorite tractor i have. this was designed for row crop cultivation n addition to him, he told me that they had -- they were soybean farmers. i can't recall what else that he mentioned that they had actually had this m & w crush on it because they baled soybean. they were basically thiewgz for row crop farming and also doing some bailing with it. it's retired -- baling with it. it's retired. it's not done anymore work since hive it. it shows exhibits and parades and we do christmas parades in our club.
it's just exhibition tractor. >> international harvester produced a super h for only two years, 1953 and '54. more than 28,000 were built with an asking price just over $2,000. we're starting to get more 175th brd on country church salute. that's for the first presbyterian church of illinois. a new church home was complete in the new town of princeville. by 1866, a larger building was needed which now forms part of the main current church. a large fellowship hall was added in 181986. our dhas o'-- thanks to joyce. our second church is in bell plain, wisconsin. they celebrate their 150th anniversary this weekend. after organizing in 1859, the first church was revekt -- erected in 1869 and replaced in 1907. this structure has been
lovingly maintained and improved since. the rural congregation remains active and priew to their century and a half heritage of bible-based faith in action. as always, we'd like to learn about your home church as well. salutes can be sent to the address on the screen. please, stay with us. the mailbag is next.
innovations from pioneer hybrid. science with service delivering success. time now for our weekly look inside the old "u.s. farm report" mailbag. dan called to pass along a soybean rumor. i hear these new soybeans that have higher yields have less in soybean oil and protein. they're just volume and weight. i called my seed dealer to investigate this claim and he did something i should have thought of. he called soybean processors who both have plants in our area. if anybody should know about oil and protein content, it would be users. they are not selling these higher priced seeds either. processors see no evidence of unusual content in the new beans. i should point out that oil and protein content ar function of growing conditions and always vary slightly. different varieties will have different oil protein levels just as they will have different yields.
this issue raises a bigger point for me though. as farmers experience enormous pressures to get this harvest in, we are psychologically primed to look for new threats. rumors that normally wouldn't be given much credence will travel a lot farther. given the problems we've got, we can't afford to overlook any possibility. keep in mind we're going to jump at every noise and look for hynde dangers in each bit of news. we can't help this natural reaction. we can realize we're not operating with our best rational skills right now. please, let us know what you think. feel free to contact us directly. send e-mails to firstname.lastname@example.org or call 800-792-4329 and leave as you voice mail. for al and mike, i'm john phipps saying is you for -- thank you for watching "u.s. farm report". be sure to join us again next week. we'll be working to do even better. 6