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Current Program
 
Market Journal (program no. 293) (Entire program : 30:00)
This week on Market Journal, Roy Smith, farmer and grain marketing consultant from Plattsmouth, Nebraska, joins us for his analysis of the corn and soybean markets. Dave Cozad, Counsel with the Environmental Protection Agency, provides some interesting perspectives on the Clean Water Act, the role of EPA and its affect on agriculture.

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      Ag News (Length : 1:50)
--The farm bill conference committee unveiled its final negotiated farm bill on Thursday afternoon. We will have more details on the content next week. By then we may know if the president is going to sign or veto the.
--The Argentine farmers’ strike resumed last Saturday. Negotiations have worked out agreements for the wheat and beef sectors, but no progress has been made on the contentious sliding-scale grain export tax, which substantially increased the duty on soybeans.
--USDA has announced the purchase of $50 million worth of pork products for the child nutrition and other domestic food programs.
--A hearing on the JBS/Swift Acquisitions was held this week by the Senate Judiciary's Subcommittee of Antitrust and Competition Policy and Consumer Rights. Among those testifying was Wesley Batista, CEO of JBS Swift and Company. Batista will be in Nebraska on June 13 to address the Nebraska Cattlemen.
--Dave Nielsen believes the $500 he spends annually to belong to the Nebraska Farm Business Inc. is the best return on investment he makes. Nielsen, of Lincoln, is featured in the cover story in the May Nebraska Farmer. For his fee, Nielsen gets a financial history, enterprise analysis and the 10-year trends in his farming operation. He also gets an accurate picture of his cash flow, debt ratios and net worth changes.

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      Corn and soybean markets volatile during planting (Length : 4:54)
Look at using put options for corn and forward pricing in small increments with both corn and soybeans. Roy Smith, Plattsmouth grain farmer and marketing consultant says to lock in the basis on corn if it narrows.

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      Leadership opportunities for farmers and ranchers (Length : 3:04)
The Nebraska LEAD program is now accepting applications for the 2008 class of LEAD fellows. Terry Hejny, director of the Nebraska Lead program urges people involved in any aspect of agriculture to apply. Information is at www.LEAD.unl.edu or by calling 402-472-6810. The application deadline is June 15.

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      Livestock producers will see more regulations through the Clean Water Act (Length : 7:52)
The goal of the Clean Water Act is to make all water fishable and swimable. Dave Cozad, deputy regional counsel, Environmental Protection Agency, Region 7, says the states and EPA are working together to set numeric criteria for nutrient levels in streams and lakes. If these levels are exceeded states must establish a plan to achieve the criteria. Cozad urges producers to use best management practices and keep in touch with state regulations.

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      Don’t forget to plant those refuge acres for Bt corn (Length : 2:56)
Corn producers are required to maintain a 20% refuge area for Bt corn hybrids. Bob Wright, University of Nebraska-Lincoln extension entomologist explains that these acres protect technology and the farmer. Wright says to maintain good records on the hybrids planted and where they are planted in case you are inspected.

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      The weather cycle continues and continues (Length : 3:09)
It’s the same old story, rainy then clear, rainy then clear, rainy and then clear. Al Dutcher, University of Nebraska-Lincoln extension state climatologist says more rain mid-week, and another major storm event in the next ten days. Anyone for planting rice?

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      Journal Entries/Program Wrap (Length : 2:07)
Market Journal host Doug Jose summarizes the main points made during this edition of the program.

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Upcoming Program
 
Market Journal (program no. 294) (May. 16, 2008)
Next week on Market Journal, Mike Briggs will be with us with his analysis of the cattle markets. Bob Wright will discuss the use of pesticides in light of higher commodity prices and Lowell Sandell will update us on the weed situation with the wet, cool spring.

  

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