Episode Transcript
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Speaker 1 (00:00):
Good morning, valley, This is aglife. My name is Bob Quinn.
With you for the next hour. We're talking about agricultural
production here in the valley, in all across the country. Well, friends,
we talked about it here a few days ago. We're
going to lead off with it again today. More on
the Great American Farmers Market coming to Washington, DC's Mall.
Rod Bain starts us off.
Speaker 2 (00:21):
This past July fourth was a celebration as always, yet
also the kickoff to a celebration of our nation approaching
of milestone.
Speaker 3 (00:30):
America's two hundred and fiftieth anniversary is the single greatest
year in the history of our country.
Speaker 4 (00:35):
We want to have a lot of great things.
Speaker 2 (00:36):
President Donald Trump in Iowa on July third this year,
announcing some of the plans and events making up a
year long celebration of the US culminating in the two
hundred and fiftieth anniversary of our nation in twenty twenty six.
Speaker 5 (00:52):
Among those, every.
Speaker 6 (00:53):
One of our national park, battlefields.
Speaker 1 (00:56):
And historic sites are going to have special events in
honor of America two.
Speaker 7 (01:00):
We're gonna have some incredible.
Speaker 2 (01:01):
Events joining the Iowa USA two hundred and fiftieth anniversary
kickoff event, Agriculture Secretary Brook Rawlins, we will have.
Speaker 8 (01:09):
A celebration worthy of the anniversary across this entire Next year,
we are pulling out all the stops to celebrate two
hundred and fifty years of American greatness.
Speaker 2 (01:20):
And at the July third celebration, the Secretary made an
announcement of an upcoming USDA event. In conjunction with our
nation's two hundred and fiftieth birthday.
Speaker 8 (01:30):
We will have in August the biggest, most amazing American
Farmers Market in the history of our country in Washington
on the National Mall.
Speaker 2 (01:41):
The August third through sixth event expands thirty years of
USDA's Farmers Market at USDA Headquarters to include market opportunities
from producers and vendors from all fifty states on the
National Mall, with Secretary Rawlins offering this invitation every.
Speaker 8 (01:58):
Farmer, every rancher, every producer from every state who sell
their beautiful crops and their products, and their pork and
their beef to join us in Washington ring National.
Speaker 9 (02:07):
Farmers Market Week.
Speaker 2 (02:08):
Details about the Great American Farmers Market are available online
at www dot USDA dot gov. Click the link to
the Great American Farmers Market. To learn more about the
August third ribbon cutting ceremony, market hours, daily programming and
vendors itups, and for information about local to U farmers
(02:30):
markets to visit during the regular days and times of opening,
go to this web address www dot USDA Local Food
Portal all one word dot com bym Broadbaane, reporting for
the US Department of Agriculture in Washington, d C.
Speaker 1 (02:46):
Well, friends, coming up. Congress recently passed legislation that will
impact capital gains taxes. That's ahead on Aglife, Bob Quinn.
Here are some farm us this morning. Friends. Well, when
it comes to passing a farm on to the next generation,
capital gains taxes can pack a big punch. Farmland that's
appreciated in value over decades can lead to a hefty
(03:08):
tax bill if it's sold or transferred without the right planning.
Kelly Wilfort, an extension farm management planning specialist with the
University of Wisconsin, says agriculture welcome a provision in the
federal budget that spreads out those capital gains tax payments.
Speaker 10 (03:24):
There was a neat little provision about capital gains on
farmland that got squeezed in, so it's going to become
code section ten sixty two in the Internal Revenue Code.
And what that provision does is it actually allows you
to spread out any capital gains on farmland over for
installments over four years. Well, what does that mean exactly?
(03:46):
If we're not dealing with estate tax, we've decided, hey,
we don't want to hold onto all of these assets
until the very moment we die. We're maybe thinking about
transferring that land a little sooner, and potentially with a sale.
Speaker 1 (03:58):
Capital gains can hit hard on land that's been held
in the same family for a long time.
Speaker 10 (04:03):
Capital gains tax comes into play when we are selling
an asset like farmland, and it is paid on the
difference between the sale price of that land and whatever
the owner's tax basis in that property was. For some
of our farms who've held farmland for a number of years,
that could be fairly significant. That appreciation that's being taxed
(04:24):
could be again a big deal for those farms. What
this reconciliation package did was it allowed farmers to make
an election again that you could spread out that tax
over four years, so it's not all necessarily due year one,
but potentially an option to spread it out.
Speaker 1 (04:40):
Over for she offered a real life example of how
quickly the gains taxes can pile up.
Speaker 10 (04:46):
I'm actually going to use an example that a farmer
in the Central Sands shared with me earlier this year.
His dad bought land in that area. Want to say,
it was back in the fifties or sixties, and at
that point there wasn't a lot of irrigation in that space,
and so that land was only worth the dollar number
he gave me was about three dollars an acre, and
(05:07):
I'm wondering if maybe it was three hundred, but you
get the sense of it wasn't a whole lot. Today,
that land at firm market value is closer to ten
thousand dollars an acre, because his father is still holding
that land his basis. What he paid was that either
three or three hundred dollars an acre. But if he
were to sell it tomorrow, he would be taxed on
(05:28):
the difference between ten thousand and that original purchase price,
and he'd be looking at probably about a twenty percent
tax rate on that. So paying about twenty percent of
that difference into the federal government. It's a pretty significant
chunk of change.
Speaker 1 (05:43):
Kelly Wilfert University of Wisconsin with US well Frans. Oil
prices have moved higher over the past couple of weeks,
but not for the reasons we've seen this year. Patrick
Dehan with gasbuddy dot Com says this most recent increase
is due to global oil inventories, which are a bit
tight right now.
Speaker 11 (06:01):
Some of the refined product inventories, including diesel, are now
twenty three percent below the five year average, and that's
why you may be noticing higher diesel prices. Having said
all of that, there's not a whole lot of impact
from Trump threatening new tariffs. The market kind of shrugging
off that. Certainly in weeks and months past, Trump is
also backed off on some of those threats.
Speaker 1 (06:22):
De Haan says the concern over the tight supply is
a complete one to eighty from the concerns of a
glut of oil expressed by investors just a few weeks ago.
He added that it's not just inventories pushing oil prices higher.
Speaker 11 (06:35):
In addition, we're seeing better than expected data on the
US economy in terms of the pace of growth, so
certainly some good news there. I still think that there
are some worries that the glot of crude oil could
emerge here by later this year as global inventories increase.
Speaker 1 (06:50):
Patrick Dehan with Gas Buddy Well Franz. Illinois remains an
important part of round barn history and an author is
documenting that's st John Hanna is called the round barn expert.
Speaker 3 (07:04):
And I should mention round barn I include oval burns,
multi sided barns like octagonals, sixteen sided, twenty seven and
so on. The Around Illinois book It's Kind of Fun
to Do Illinois has the most round barns that were
built in any state in the Union. I documented more
(07:25):
more than four hundred and twenty and of those only
sixty seven are left. That's about an eighty five percent loss.
Speaker 1 (07:34):
Around Illinois is the book. Farm News This morning, you're
listening to wag Life.
Speaker 7 (07:40):
It's another agnews update. We've seen a weaker dollar this year.
Is that good or bad? More after this.
Speaker 12 (07:49):
This is Shaquille O'Neill reminding you that anytime is a
good time for the cooling drying fresh in of gold
bond powder spring like after the gym.
Speaker 4 (07:58):
Crowded elevator, right oh, working with.
Speaker 12 (08:01):
Five animals or hard day's work. Stay cool with gold
bomb pot of spreads.
Speaker 7 (08:06):
Stay com with gold talking the week dollar Richie Torre's
representative from New York with FED chair Jerome pal sure power.
Speaker 13 (08:17):
Following the so called Liberation Day tariffs in early April,
we saw something the US economy had not seen in decades,
a flight not to the US dollar as a safe haven,
but away ferm it. And since President Trump's inauguration, the
US Dollar Index has fallen by nearly ten percent, marking
the worst first half performance for the dollar since nineteen
(08:38):
eighty six. At the same time, Japan, America's largest sovereign creditor,
just saw the worst twenty year Japanese government bond auction
since the nineteen eighties, raising fears that it could reduce
its holdings of US treasuries. Given these developments, do you believe,
as I do, that the US may be transitioning from
a period of dollar dominance to a period of dollar decline.
Speaker 14 (09:00):
Well, let me say we FED does not have responsibility
for the dollar. That's really the Treasury. But I'm asking
for your analysis.
Speaker 5 (09:07):
I wouldn't.
Speaker 14 (09:08):
I wouldn't. I wouldn't make that statement. No, I think
it's things have been volatile, The markets are digesting things,
and I think, you know, the treasury market's been fine
by many measures, that the dollar is still.
Speaker 13 (09:20):
You feel, the safe haven status of the dollars as
strong as it's ever been.
Speaker 14 (09:23):
I think it's I think the dollar is still the
number one safe haven currency, and I don't think it's
you know, I would say these narratives of decline are
premature and a bit overdone.
Speaker 7 (09:34):
It's another Agnews update.
Speaker 15 (09:37):
Here's farmer and landowner John Pruve.
Speaker 16 (09:39):
We purchased the land about three years ago and there
was an old farmstead on there with trees, and we're
going to clear the lands we could farm through it.
We thought we knew where the pipe was, so we
didn't call to get it located. The work on our
property led to the damage of a light crude pipeline.
Fortunately no one was hurt, but it could have been
much worse.
Speaker 15 (09:55):
Never assumed the location or depth of underground lines. Always
call eight one one or visit click before youdig dot
com before you start work. A message from the pipeline
operators for egg Safety Campaign American Cattle News. What's the
importance of grazing on federal lands?
Speaker 17 (10:13):
More?
Speaker 7 (10:14):
After this, when you look at me, you might see
a person with Parkinson's disease.
Speaker 1 (10:20):
But if you look.
Speaker 2 (10:21):
Closer, you'll see a warrior mom, an endurance athlete.
Speaker 4 (10:25):
Someone with a lot of fight.
Speaker 12 (10:27):
Every nine minutes, someone is diagnosed with Parkinson's disease.
Speaker 8 (10:31):
And every one of them can turn to the American
Parkinson Disease Association.
Speaker 18 (10:35):
Look closer, My spirit is unshakable.
Speaker 8 (10:39):
Visit ap DA Parkinson dot org to learn more and
show your support today.
Speaker 7 (10:45):
Caitlin Glovers with the Public Lands Council, Livestock.
Speaker 19 (10:48):
Grazing controls those fine fuels that support in a backwards way,
they support ignission of these big fires, and these fires
then get rolling. They have such moments and that's why
they become so hot, so fast moving, and so catastrophic.
Speaker 20 (11:04):
You know.
Speaker 19 (11:04):
And for a long time, one of the things that grazers,
that ranchers have faced is this sort of you know,
being a second tier tool, a second class tool. The
federal agencies have always preferred chaining or other mechanized efforts,
prescribed fire or even herbicides because it's more standardized.
Speaker 20 (11:24):
Right.
Speaker 19 (11:25):
But this role of target grazing, this expansion of using
grazing animals to conduct find fuels management at scale is
gaining traction. We have more than a handful of bills
this Congress alone. We have very clear direction from the
Secretary of the Interior in a recent memorandum. We have
an executive order from President Trump identifying the need for
(11:46):
USDA and DI to work better together in not only
putting these fires out, but preventing the catastrophic conditions and
from those fires becoming too big. And so, whether you're
talking about sage grouse, or you're talking about and fuels management,
or you're even just talking about protecting watersheds, right from
a various number of factors, you're really seeing grazing.
Speaker 5 (12:09):
Having a moment.
Speaker 2 (12:10):
Right.
Speaker 19 (12:10):
It's not just goats in city parks, but it's cows
and sheep and technology and drones and satellites and all
of the big scientific and technology pieces coming together with
one of the most traditional, reliable, effective tools in grazing.
Speaker 7 (12:29):
And it's exciting American cattle News.
Speaker 15 (12:35):
This is Dairy Radio Now a rundown of the latest
dairy news across America with Bill Baker.
Speaker 21 (12:44):
It's time for our feed for on Friday with doctor
Mike Hutchins, Professor Emeritus from the University of Illinois.
Speaker 22 (12:50):
Hello, Mike, we'll welcome today's feed form and our topic
is going to be tire spot risks corn crops on
dairy farms and basically crops in general. This has appeared
in twenty and fifteen, primarily in Illinois and Indiana, but
now it has spread across all parts of the Midwest.
Here we have not had a reporter in not only
Illinois and Iowa, but Wisconsin, Minnesota, Michigan, Indiana, and North Nebraska,
(13:16):
Missouri and Mississippi as well. These states have developed research
programs to try to reduce the damage that crops can
inflict on dairy farms. Listeners may ask, well, what is
tar spot? Well, tar spot is a fungal disease that
attacks the corn leaf material itself. What it is are small, raised,
black circular growth on the leaves of the animals and
(13:40):
their elongated spots on the corn leaf. We got to
be very careful, however, when we diagnose this, because some
of that could be confused with insect excrement, which can
be misdiagnosed. When you have severe cases of tarspot, the
researchers report at a reduction of sixty bushels of corn breaker.
It's a huge gif to take a curse in late
(14:01):
July early August, plants will die and that leads to
poor quality corn silage because of its poor fermentation characteristics
and reduction in starch content. Equally as well, certainly you
can treat with a fungicide, and the most effective time
perhaps is going to be at right around the tassel
stage or the early vegetative state. Based on research coming
(14:22):
out of Purdue University, you will want to treat if
we start seeing more than ten percent coverage occurring on
the leaf material, and that can be done at a
diagnostic lab equally as well. Certainly, later stages may not
be an economical good decision as well, So Purdue lists
of guidelines to look at. Number one, if there has
(14:42):
been a history of that on the farm, especially in
the fields that have corn growing in them. Now you
want to really be scouting those fields to see if
you are seeing the presence of it. Number two, what
is the current activity and that will change. Primarily it
depends on moisture conditions. It's been dry in many parts
to the United States. Therefore, that reduces the formation of
(15:03):
this fungi on the corn leaves themselves. But certainly if
we get a rain, moist conditions, fog, high humidity, those
would all favor the growth and development of the tiresponse
on the leaves itself. Weather condition becomes a big factor,
as is this crop matures here in the United States.
And of course you have to look at return on investment.
(15:24):
What will it cost to apply the fung aside, and
do you apply it once or twice during the growing season,
and what's the optimal time to put that on the
crop itself. So our takeoad messages are that certainly we
should be scouting corn fields, especially in the Midwest part
of the United States, but it's going down in the
southeastern parts of the United States as well. And then
consider strategies on farm to determine how serious the problem
(15:48):
is and what type of treatment effects you should consider.
All that completes the program for today. Thanks, Hey, I
have a great day.
Speaker 1 (15:54):
Thank you, Mike.
Speaker 21 (15:54):
That's doctor Mike Hutchens, Professor emeritis from the University of Illinois,
featured every Friday here on Our Feet for on Friday
on Dairy Radio.
Speaker 2 (16:01):
Now, how is lower estimated cord production from the previous
marketing year impacting USDA's domestic supply to bad Ledger for
twenty twenty five twenty six. According to World Agricultural Outlook
Board chair Mark Jekanowski, that led to lower ending stocks
in twenty twenty four to twenty five, carrying over into
smaller beginning stocks.
Speaker 9 (16:22):
Reduced our feeding residual use by fifty million bushels, and
the balance of that production is really just coming out
of stocks. We reduced our ending stocks estimate by ninety
million bushels, so we're looking at carrying out about just
over one point six billion bushels of corn in the
new crop season in twenty twenty five twenty twenty six.
Speaker 2 (16:40):
That is despite record cord export forecast for the old
crop year and record cord production projected for the new
marketing year. Despite the lower ending stocks, the season ending
average price for cord remained unchanged month over month at
four dollars twenty cents a bushel. I'm Rod Bain, reporting
for the US Department of Agriculture in Washington, DC.
Speaker 20 (17:00):
Nikes Zombie's public speaking, The list of fears is endless,
but the real danger is in your hand when you're
behind the wheel. Distracted driving is what's really scary, And
even Dudley Ice forward, Don't Drive distracted.
Speaker 13 (17:13):
Brought to you by NITZA and the AD Council.
Speaker 21 (17:15):
A reminder for archive programs head to darryradio dot com.
I'm Bill Baker, Dairy Radio.
Speaker 16 (17:20):
Now.
Speaker 4 (17:24):
Almond pasta compared to wheat pasta well, according to Clarice Turner,
the president and CEO of the Almed Border California, almond
pasta wins hands down. I'm Patrick Kavanaugh with the California
Tree not Report, part of the vast ag Information Network.
Speaker 23 (17:39):
I serve it side by side when people come to
my home and I have, you know, a great pasta
sauce recipe from my mom that I serve, and people
prefer the almond pasta, and four days later it was
still hanging in there for leftovers. This is amazing, and
I hope that at some point we can get something
commercialized so that you know, we can get almonds in
the hearts and minds and bellies of more people across
(18:02):
the world that love pasta. This option of having you know,
almonds in aposta form on your plate. Imagine it's got
probably the level of protein of a small steak, so
you're also getting really nutritionally dense meal with a delicious
pasta sauce over it.
Speaker 4 (18:17):
So well, this would be a great innovation for almonds.
Speaker 23 (18:20):
My future has been unlocked, Patrick, because I can now
go back an apasta.
Speaker 4 (18:25):
Well, the important thing is to bring that price down
for consumers.
Speaker 23 (18:28):
So that it is more accessible to a wider range
of people. But personally, I think that's a big idea.
There's tons of ideas out there with respect to the
fourteen form factors that almonds currently exist in.
Speaker 4 (18:41):
That's Clarice Turner, the president and CEO the Almond Border
California with a big goal of innovations in food for almonds.
Speaker 24 (18:49):
Attention all growers. Have your packouts been reduced due to
damage caused by heat stress or sunburn?
Speaker 20 (18:55):
This is called tiva.
Speaker 24 (18:56):
We are the manufacturer of Parka. Parka is a place
vent based fool your product with a unique MOA that
helps plants resist and recover from heat stress. Parka reduces
heat stress and sunburn by reducing the development of oxidative
compounds and stressed crops. It allows the plant to continue
photosynthetic activity, which ultimately means your crops continue to perform
(19:17):
during times of excessive heat. As a result, plants treated
with Parka are better equipped to sustain growth under environmental
stress conditions to deliver high fruit quality and marketable yields.
Unlike other products on the market, PARKA is highly tank
mixed compatible and leaves no residue on fruit or equipment,
making it easy to incorporate in dispray programs. The heat
(19:38):
is coming. Is your crop ready to handle the stress?
Give us a call at eight eight eight six three
eight nineteen fifty five or visit Cultiva dot com.
Speaker 4 (19:47):
With the AGI Information Network. I'm Patrick Kavanaugh.
Speaker 18 (19:50):
CALP prices are at historic highs and there's no better
time to implement practices to maximize your revenue. New data
reveals that focusing on the health and development of ween
calves through strategic management and pre conditioning programs can boost
sale praises. Doctor John Hutchinson is Director of Cattle Technical
Services for Mark Animal Health now Superior Livestock Auction. Kansas
(20:15):
State University and MERK combined to study auction data analysis
that shows which management programs and how the protocols can
help maximize the value of your cattle.
Speaker 6 (20:26):
On impact of preconditioning. It's a big deal, so remember
the data that we're collected. Here are buyers buying calves
that have these indicators of what they've done to it
from a management standpoint, So that's number one is well
on these preconditioning calves, you have to go to a
sale if you've pre conditioned them, go to a sale
that recognizes the work you put into it so that
(20:46):
you can then get the value because these buyers are
willing to pay for these calves are healthier, they've been
vaccinated with two rounds of clostridio with modified live virals.
They've got some pastor Ella vaccines. They've likely been dewormed,
they may have been in planted, they've been fed out
of a bug, they've got a water trough, and so
they're ready for the next transition. And that value was
eight dollars and fifty cents one hundred, which led to
(21:08):
about forty eight bucks ahead in extra value just for
the fact they're in that program.
Speaker 18 (21:13):
He talks about other important items they discovered from the data.
Speaker 6 (21:16):
They're putting out their checkbook on these kind of things
that we see. And so they like cattle with no horns,
so polled or dehorned, so no horns is important for them.
Having a medium to large frame animals, so you know,
these big weights in these feed yards. They want those
cattle that have the structural soundness to be able to
get to those big weights flesh. They don't want them
over conditioned, so they don't want them fat, you know,
(21:37):
they want them a little leaner and a little greener,
so to speak. And so they like a little less flesh.
And then one of the big impacts was they want
to see uniform lots, so they want to see those
calf crops weight range is pretty tight in that they
were all born similarly and close together. And so those
are some of the things along with non genetics you
could identify non genetics. They like that genetic improvement.
Speaker 18 (21:58):
Hutchison talks about what the ADYE data showed about implants.
Speaker 6 (22:02):
So it's pretty interesting. In this database we have the
things that impact price in a positive way. Then we
have some things that don't impact price but yet have
a huge opportunity and a huge value to gain by
the producer, and that's implants. And so those cattle that
are implanted, we do not see a difference in the
price paid for them in these buyers and these sail barns.
And so what we find is it makes sense I
(22:25):
just mentioned some factors about cattle that they like to see.
They like to see flesh, they like to see frame,
they like to see good genetics, which is muscularity. And
so you look at what an implant does. It gives
them more muscle, it gives them a little more frame,
and they're a little leaner, and so all those attributes
are positive. And so no change in price and you
get twenty three pounds of added weight gain. You can
(22:47):
do the math on price of calves.
Speaker 18 (22:49):
Today he talks about where to go for more information
on preconditioning your cows.
Speaker 6 (22:53):
They can go to primepac dot com and that's our
preconditioning site they can go to, and then I'll just
leave them with this. In terms of economic impact, if
you precondition those caves and got forty eight more dollars,
and you implant your caves and get twenty three more
pounds at three dollars a pound, that's sixty five more dollars.
You're looking over one hundred dollars bill on two things
(23:15):
that you can do. And I'm not saying preconditioning is easy,
but there's money to be gained along with the weight
gain from an implant. There's a lot of dollars still
there for producers to go after if they're.
Speaker 18 (23:24):
Not now again. That is doctor John Hutchison, director of
Cattle Technical Services for Mark Animal Health. For more details
from the superior livestock auction data set, visit primevac dot com.
That's prime vac dot com.
Speaker 2 (23:43):
In a USDA July Domestic ballad sheet full of Jude
Report data such as coirley stocks and crip acreage, Chief
Ecatabis seth Meyer believes one of the more significant contributors
to this months wast he is.
Speaker 25 (23:55):
Trying to get a handle on what we think the
impacts on soybean crush soybean oil are due to the
renewable Fuel Standard that EPA released between the June ROSNY
and this July Rosey.
Speaker 2 (24:09):
With both soybean crush and be domestic use up a
current market TIG year forecast and also reflected in twenty
twenty five twenty six projected soybean oil biofuel domestic disappearance
as for us cored SD of the latest Renewable Fuel
Standard proposal, Buyer says the impact is perhaps not as
well known as.
Speaker 25 (24:29):
The constraint continues to be on ability to consume higher
level blends so not large changes and expectations about ethanol.
Speaker 2 (24:36):
Rod Bayan reporting for the US Department of Agriculture in Washington,
d C.
Speaker 18 (24:40):
I'm Dwayne Merley.
Speaker 24 (24:42):
It's time for California AGG Today on the AG Information Network,
I am Hailey's ship. The California Cattleman's Association is out
with two wolf related updates this week, one looking back
and one looking ahead. First up, the California Departments of
Fish and Wildlife has released a ten year report summarizing
(25:03):
its gray wolf management efforts. While light on new details,
it does include easy to read tables and graphics tracking
wolf populations and movements over the past decade.
Speaker 20 (25:14):
Now.
Speaker 24 (25:15):
That report lists a twenty twenty four year end count
of fifty wolves, but CCA staff reviewing agency updates believes
that number was closer to seventy eight. Most important for
future policy, five known breeding pairs. Looking forward, the department
does plan to issue similar reports annually and in a
(25:35):
not to current challenges. California's revised Budget Act includes two
million dollars for the state's wolf Livestock Compensation program, aimed
at helping producers offset losses from wolf depredation. The California
Cattleman's Association will also be hosting a virtual wolf Deterrence
webinar that's happening on July twenty second at one pm.
(25:56):
You can visit our website agginfo dot net for the
link to register. Attention all growers. Have your packouts been
reduced due to damage caused by heat stress or sunburn?
This is Cultiva. We are the manufacturer of Parka. Parka
is a plant based folier product with a unique MOA
that helps plants resist and recover from heat stress. Parka
(26:17):
reduces heat stress and sunburn by reducing the development of
oxidative compounds and stressed crops. It allows the plant to
continue photosynthetic activity, which ultimately means your crops continue to
perform during times of excessive heat. As a result, plants
treated with Parka are better equipped to sustain growth under
environmental stress conditions to deliver high fruit quality and marketable yields.
(26:39):
Unlike other products on the market, Parka is highly tank
mixed compatible and leaves no residue on fruit or equipment,
making it easy to incorporate into spray programs. The heat
is coming. Is your crop ready to handle the stress?
Give us a call at eight eight, eight, six three eight,
nineteen fifty five, or visit cultiva dot com. This is
calib fourna AGG today on the ag Information Network. I
(27:03):
am Haley's ship. For more AGG news, check us out
online at aginfo dot net.
Speaker 1 (27:08):
Bob, when here were some farm news this morning, friends, Well,
when it comes to passing a farm onto the next generation,
capital gains taxes can pack a big punch. Farmland that's
appreciated in value over decades can lead to a hefty
tax bill if it's sold or transferred without the right planning.
Kelly Wilfort, an extension farm management planning specialist with the
(27:29):
University of Wisconsin, says agriculture welcomed a provision in the
federal budget that spreads out those capital gains tax payments.
Speaker 10 (27:38):
There was a neat little provision about capital gains on
farmland that got squeezed in. So it's going to become
Code section ten sixty two in the Internal Revenue Code.
And what that provision does is it actually allows you
to spread out any capital gains on farmland over for
installments over four years. Well, what does that mean exactly?
(28:00):
If we're not dealing with estate tax. We've decided Hey,
we don't want to hold onto all of these assets
until the very moment we die. We're maybe thinking about
transferring that land a little sooner and potentially with a sale.
Speaker 1 (28:11):
Capital gains can hit hard on land that's been held
in the same family for a long time.
Speaker 10 (28:16):
Capital gains tax comes into play when we are selling
an asset like farmland, and it is paid on the
difference between the sale price of that land and whatever
the owner's tax basis in that property was. For some
of our farms who've held farmland for a number of years,
that could be fairly significant. That appreciation that's being taxed
(28:38):
could be again a big deal for those farms. What
this reconciliation package did was it allowed farmers to make
an election again that you could spread out that tax
over four years, so it's not all necessarily due year one,
but potentially an option to spread it out.
Speaker 1 (28:54):
Over for She offered a real life example of how
quickly the gains taxes can pile up.
Speaker 10 (29:00):
I'm actually going to use an example that a farmer
in the Central Sands shared with me earlier this year.
His dad bought land in that area. I want to
say it was back in the fifties or sixties, and
at that point there wasn't a lot of irrigation in
that space, and so that land was only worth the
dollar number he gave me was about three dollars an acre,
(29:20):
and I'm wondering if maybe it was three hundred, but
you get the sense of it wasn't a whole lot. Today,
that land at firm market value is closer to ten
thousand dollars an acre, because his father is still holding
that land his basis. What he paid was that either
three or three hundred dollars an acre. But if he
were to sell it tomorrow, he would be taxed on
(29:42):
the difference between ten thousand and that original purchase price,
and he'd be looking at probably about a twenty percent
tax rate on that, So paying about twenty percent of
that difference into the federal government. It's a pretty significant
chunk of change.
Speaker 1 (29:56):
Kelly Wilford, University of Wisconsin with US Well Friends. Oil
prices have moved higher over the past couple of weeks,
but not for the reasons we've seen this year. Patrick
Dehan with gasbuddy dot Com says this most recent increase
is due to global oil inventories, which are a bit
tight right now.
Speaker 11 (30:15):
Some of the refined product inventories, including diesel, are now
twenty three percent below the five year average, and that's
why you may be noticing higher diesel prices. Having said
all of that, there's not a whole lot of impact
from Trump threatening new terriffs. The market kind of shrugging
off that. Certainly in weeks and months past, Trump is
also backed off on some of those threats.
Speaker 1 (30:36):
De Han says the concern over the tight supply is
a complete one to eighty from the concerns of a
glut of oil expressed by investors just a few weeks ago.
He added that it's not just inventories pushing oil prices higher.
Speaker 11 (30:48):
In addition, we're seeing better than expected data on the
US economy in terms of the pace of growth, so
certainly some good news there. I still think that there
are some worries that the glood of crude oil I
would emerge here by later this year as global inventories increase.
Speaker 1 (31:04):
Patrick Dehan with Gas Buddy Well Frenzy Farm Progress Shows
celebrating twenty years in Decatur, Illinois. This year. The show
will be held August twenty six, twenty seven, and twenty
eight Matt Youngman, national Events manager for Farm Progress, says
it won't be long. Now.
Speaker 17 (31:19):
We get to July fourth and the show program goes
to print, goes to the printer, and then it gets
more and more fast paced as we get through the
summer here. Rick will be on site permanently next week.
The tents are going to start flying Monday of next week,
and it's right around the corner realistically.
Speaker 1 (31:36):
He says. The crops at the show are looking great.
Speaker 17 (31:40):
Everything's in great shape. Post Farmers did a great job.
It was all in the ground by I believe it
was April sixteenth or April seventeenth, but there was a
little window there where they could get that early corn
in the ground on time. And it's gotten plenty of
rain there in Decatur and getting good heat here through
the summer, so we're on pace for good field demonstrations.
Ratting an entirely new drone demo system to the show,
(32:02):
so that's been a big project that Rick has been
working with the FAA to make sure that we can
get that right. And then all the regular stuff that
you've come to be familiar with with harvesting demonstrations and tillage,
and then also autonomy getting bolted into some of those things.
Speaker 1 (32:15):
Farm Progress show again in the Midwest August twenty six,
twenty seven, and twenty eight. Farm us you're listening to
ag Life, probably.
Speaker 26 (32:24):
The ED Information Network. This is your Agribusiness update AGG.
Producers who suffered eligible crop losses due to natural disasters
in twenty twenty three and twenty four can now apply
for sixteen billion dollars in assistance through the Supplemental Disaster
Relief Program. Assistance from the Farm Service Agency is coming
in two stages. The first is open to producers with
eligible crop losses who received assistants under Crop Insurance or
(32:47):
the non insured Crop Disaster Assistance Program. Stage two sign
ups for eligible losses begin in early fall. The Center
for Environmental and Welfare applauded the Trump Administration's lawsuit filed
last week to nullify onerous California regulations driving up food
prices nationwide. The filing takes aim at three California laws,
including Proposition twelve, dictating farm practices for eggs and pork.
(33:10):
Prop twelve forces farmers around the country to adopt California's
radical production standards while prohibiting veterinarian approved animal husbandry practices.
Farmers for Free Trade has been on the road this summer,
holding events called Tariff town Halls. The events brought together farmers,
business leaders, economists, and trade experts to spotlight how newly
imposed tariffs are already harming the communities that grow and
(33:34):
make American made products that power local economies and are
in demand around the world. At each stop, farmers and
experts shared new data on the ground, stories and the
growing urgency.
Speaker 5 (33:44):
Empower Dairy a full solution approach for producers, mark Animal Health,
livestock and dairy. Veterinarian doctor John Champagne cows.
Speaker 27 (33:52):
Are most productive when all aspects of dairy management sort
of work together. Even though we focus on individual parts,
it's the entire st system in the dance that that
system does. This includes identification, are monitoring, and our BioPharm portfolio,
and by using all three of these, the Empower module
allows us to maximize productivity while reducing animal stress, labor
(34:15):
and inefficiencies. We have not only just the products, but
the solutions as well to enhance and go along with
the products, and those things can be interchangeable. In addition
to that, we have expertise within the organization and a
significant amount of research and development.
Speaker 5 (34:34):
Visit productivecows dot com or contact a merk animal health
representative to learn the best empower approach to keep your
cows productive.
Speaker 26 (34:42):
From the AG Information Network, I'm Bob Larson with today's
agribusiness update.
Speaker 1 (34:46):
Bob Quinn back to wrap up AGLI for today friends. Well,
the drought across the country is shrinking in area. Rod
Bain wraps us up.
Speaker 2 (34:55):
Not much to talk about. In the latest US rout
Monitor SDAB orlogist Brad Rippy first explains the numbers. For
the period ending July first, almost one third.
Speaker 28 (35:07):
Of the country thirty two point four percent was experiencing drought.
That is up two point eight percentage points from four
weeks ago.
Speaker 2 (35:16):
Now, he adds this caveat if.
Speaker 28 (35:18):
You look at all of the regions of the United States,
there was only one of them where we saw an
increase in drought coverage, and that was across the eleven
state Western region.
Speaker 2 (35:28):
With sharp month over month increases in the West.
Speaker 28 (35:31):
We started the month of June at about fifty one
percent drought coverage and that jumped to sixty four point
five percent by July first, so more than a thirteen
percentage point increase in the Western United.
Speaker 2 (35:44):
States, much of that originating in the Pacific Northwest.
Speaker 28 (35:49):
For example, in Oregon, as recently as May twentieth there
was no drought in the state of Oregon. By July first,
that has jumped to forty two percent. And then we
have seen almost a quadrupling of drought coverage in Washington
and Idaho over the last couple of months. So, for example,
in Washington State on that May twentieth date, eighteen percent
(36:11):
drought coverage, and that has jumped to sixty seven percent
by July first.
Speaker 2 (36:16):
The Western drought expansion is also reflected in states reporting
significant extreme to exceptional coverage D three and D four
for the period and in July first.
Speaker 28 (36:27):
We have a fairly short list of states where we
have our higher ends drought. Now most of those are
in the Western United States. So of our eleven Western states,
there are seven of them where we have some degree
of extreme or exceptional drought. Continuing to lead the pack
is Arizona forty seven percent extreme to exceptional drought coverage
on July first, closely followed by New Mexico at thirty
(36:50):
three percent, also in double digits, but just barely Nevad
at ten percent D three to D four coverage.
Speaker 2 (36:56):
Regard to other regions which reported decreased drought cover ridge
month over a month, Rippy provides the example of the
Midwest recording a having of drought coverage during June.
Speaker 28 (37:07):
From ten point seven percent of the Midwest on June third,
all the way down to five point six percent by
July one. It's more than five percentage point of reduction.
Speaker 2 (37:18):
Broadbane reporting for the US Department of Agriculture in Washington,
d C.
Speaker 1 (37:23):
With that, friends, out of time for today, thanks for
joining us back Monday morning with another edition of Aglife
Good morning, valley, This is aglife. My name is Bob Quinn.
With you for the next hour. We're talking about agricultural
production here in the valley, in all across the country. Well, friends,
we talked about it here a few days ago. We're
going to lead off with it again today. More on
the Great American Farmers Market coming to Washington, DC's Mall.
Rod Bain starts us off.
Speaker 2 (00:21):
This past July fourth was a celebration as always, yet
also the kickoff to a celebration of our nation approaching
of milestone.
Speaker 3 (00:30):
America's two hundred and fiftieth anniversary is the single greatest
year in the history of our country.
Speaker 4 (00:35):
We want to have a lot of great things.
Speaker 2 (00:36):
President Donald Trump in Iowa on July third this year,
announcing some of the plans and events making up a
year long celebration of the US culminating in the two
hundred and fiftieth anniversary of our nation in twenty twenty six.
Speaker 5 (00:52):
Among those, every.
Speaker 6 (00:53):
One of our national park, battlefields.
Speaker 1 (00:56):
And historic sites are going to have special events in
honor of America two.
Speaker 7 (01:00):
We're gonna have some incredible.
Speaker 2 (01:01):
Events joining the Iowa USA two hundred and fiftieth anniversary
kickoff event, Agriculture Secretary Brook Rawlins, we will have.
Speaker 8 (01:09):
A celebration worthy of the anniversary across this entire Next year,
we are pulling out all the stops to celebrate two
hundred and fifty years of American greatness.
Speaker 2 (01:20):
And at the July third celebration, the Secretary made an
announcement of an upcoming USDA event. In conjunction with our
nation's two hundred and fiftieth birthday.
Speaker 8 (01:30):
We will have in August the biggest, most amazing American
Farmers Market in the history of our country in Washington
on the National Mall.
Speaker 2 (01:41):
The August third through sixth event expands thirty years of
USDA's Farmers Market at USDA Headquarters to include market opportunities
from producers and vendors from all fifty states on the
National Mall, with Secretary Rawlins offering this invitation every.
Speaker 8 (01:58):
Farmer, every rancher, every producer from every state who sell
their beautiful crops and their products, and their pork and
their beef to join us in Washington ring National.
Speaker 9 (02:07):
Farmers Market Week.
Speaker 2 (02:08):
Details about the Great American Farmers Market are available online
at www dot USDA dot gov. Click the link to
the Great American Farmers Market. To learn more about the
August third ribbon cutting ceremony, market hours, daily programming and
vendors itups, and for information about local to U farmers
(02:30):
markets to visit during the regular days and times of opening,
go to this web address www dot USDA Local Food
Portal all one word dot com bym Broadbaane, reporting for
the US Department of Agriculture in Washington, d C.
Speaker 1 (02:46):
Well, friends, coming up. Congress recently passed legislation that will
impact capital gains taxes. That's ahead on Aglife, Bob Quinn.
Here are some farm us this morning. Friends. Well, when
it comes to passing a farm on to the next generation,
capital gains taxes can pack a big punch. Farmland that's
appreciated in value over decades can lead to a hefty
(03:08):
tax bill if it's sold or transferred without the right planning.
Kelly Wilfort, an extension farm management planning specialist with the
University of Wisconsin, says agriculture welcome a provision in the
federal budget that spreads out those capital gains tax payments.
Speaker 10 (03:24):
There was a neat little provision about capital gains on
farmland that got squeezed in, so it's going to become
code section ten sixty two in the Internal Revenue Code.
And what that provision does is it actually allows you
to spread out any capital gains on farmland over for
installments over four years. Well, what does that mean exactly?
(03:46):
If we're not dealing with estate tax, we've decided, hey,
we don't want to hold onto all of these assets
until the very moment we die. We're maybe thinking about
transferring that land a little sooner, and potentially with a sale.
Speaker 1 (03:58):
Capital gains can hit hard on land that's been held
in the same family for a long time.
Speaker 10 (04:03):
Capital gains tax comes into play when we are selling
an asset like farmland, and it is paid on the
difference between the sale price of that land and whatever
the owner's tax basis in that property was. For some
of our farms who've held farmland for a number of years,
that could be fairly significant. That appreciation that's being taxed
(04:24):
could be again a big deal for those farms. What
this reconciliation package did was it allowed farmers to make
an election again that you could spread out that tax
over four years, so it's not all necessarily due year one,
but potentially an option to spread it out.
Speaker 1 (04:40):
Over for she offered a real life example of how
quickly the gains taxes can pile up.
Speaker 10 (04:46):
I'm actually going to use an example that a farmer
in the Central Sands shared with me earlier this year.
His dad bought land in that area. Want to say,
it was back in the fifties or sixties, and at
that point there wasn't a lot of irrigation in that space,
and so that land was only worth the dollar number
he gave me was about three dollars an acre, and
(05:07):
I'm wondering if maybe it was three hundred, but you
get the sense of it wasn't a whole lot. Today,
that land at firm market value is closer to ten
thousand dollars an acre, because his father is still holding
that land his basis. What he paid was that either
three or three hundred dollars an acre. But if he
were to sell it tomorrow, he would be taxed on
(05:28):
the difference between ten thousand and that original purchase price,
and he'd be looking at probably about a twenty percent
tax rate on that. So paying about twenty percent of
that difference into the federal government. It's a pretty significant
chunk of change.
Speaker 1 (05:43):
Kelly Wilfert University of Wisconsin with US well Frans. Oil
prices have moved higher over the past couple of weeks,
but not for the reasons we've seen this year. Patrick
Dehan with gasbuddy dot Com says this most recent increase
is due to global oil inventories, which are a bit
tight right now.
Speaker 11 (06:01):
Some of the refined product inventories, including diesel, are now
twenty three percent below the five year average, and that's
why you may be noticing higher diesel prices. Having said
all of that, there's not a whole lot of impact
from Trump threatening new tariffs. The market kind of shrugging
off that. Certainly in weeks and months past, Trump is
also backed off on some of those threats.
Speaker 1 (06:22):
De Haan says the concern over the tight supply is
a complete one to eighty from the concerns of a
glut of oil expressed by investors just a few weeks ago.
He added that it's not just inventories pushing oil prices higher.
Speaker 11 (06:35):
In addition, we're seeing better than expected data on the
US economy in terms of the pace of growth, so
certainly some good news there. I still think that there
are some worries that the glot of crude oil could
emerge here by later this year as global inventories increase.
Speaker 1 (06:50):
Patrick Dehan with Gas Buddy Well Franz. Illinois remains an
important part of round barn history and an author is
documenting that's st John Hanna is called the round barn expert.
Speaker 3 (07:04):
And I should mention round barn I include oval burns,
multi sided barns like octagonals, sixteen sided, twenty seven and
so on. The Around Illinois book It's Kind of Fun
to Do Illinois has the most round barns that were
built in any state in the Union. I documented more
(07:25):
more than four hundred and twenty and of those only
sixty seven are left. That's about an eighty five percent loss.
Speaker 1 (07:34):
Around Illinois is the book. Farm News This morning, you're
listening to wag Life.
Speaker 7 (07:40):
It's another agnews update. We've seen a weaker dollar this year.
Is that good or bad? More after this.
Speaker 12 (07:49):
This is Shaquille O'Neill reminding you that anytime is a
good time for the cooling drying fresh in of gold
bond powder spring like after the gym.
Speaker 4 (07:58):
Crowded elevator, right oh, working with.
Speaker 12 (08:01):
Five animals or hard day's work. Stay cool with gold
bomb pot of spreads.
Speaker 7 (08:06):
Stay com with gold talking the week dollar Richie Torre's
representative from New York with FED chair Jerome pal sure power.
Speaker 13 (08:17):
Following the so called Liberation Day tariffs in early April,
we saw something the US economy had not seen in decades,
a flight not to the US dollar as a safe haven,
but away ferm it. And since President Trump's inauguration, the
US Dollar Index has fallen by nearly ten percent, marking
the worst first half performance for the dollar since nineteen
(08:38):
eighty six. At the same time, Japan, America's largest sovereign creditor,
just saw the worst twenty year Japanese government bond auction
since the nineteen eighties, raising fears that it could reduce
its holdings of US treasuries. Given these developments, do you believe,
as I do, that the US may be transitioning from
a period of dollar dominance to a period of dollar decline.
Speaker 14 (09:00):
Well, let me say we FED does not have responsibility
for the dollar. That's really the Treasury. But I'm asking
for your analysis.
Speaker 5 (09:07):
I wouldn't.
Speaker 14 (09:08):
I wouldn't. I wouldn't make that statement. No, I think
it's things have been volatile, The markets are digesting things,
and I think, you know, the treasury market's been fine
by many measures, that the dollar is still.
Speaker 13 (09:20):
You feel, the safe haven status of the dollars as
strong as it's ever been.
Speaker 14 (09:23):
I think it's I think the dollar is still the
number one safe haven currency, and I don't think it's
you know, I would say these narratives of decline are
premature and a bit overdone.
Speaker 7 (09:34):
It's another Agnews update.
Speaker 15 (09:37):
Here's farmer and landowner John Pruve.
Speaker 16 (09:39):
We purchased the land about three years ago and there
was an old farmstead on there with trees, and we're
going to clear the lands we could farm through it.
We thought we knew where the pipe was, so we
didn't call to get it located. The work on our
property led to the damage of a light crude pipeline.
Fortunately no one was hurt, but it could have been
much worse.
Speaker 15 (09:55):
Never assumed the location or depth of underground lines. Always
call eight one one or visit click before youdig dot
com before you start work. A message from the pipeline
operators for egg Safety Campaign American Cattle News. What's the
importance of grazing on federal lands?
Speaker 17 (10:13):
More?
Speaker 7 (10:14):
After this, when you look at me, you might see
a person with Parkinson's disease.
Speaker 1 (10:20):
But if you look.
Speaker 2 (10:21):
Closer, you'll see a warrior mom, an endurance athlete.
Speaker 4 (10:25):
Someone with a lot of fight.
Speaker 12 (10:27):
Every nine minutes, someone is diagnosed with Parkinson's disease.
Speaker 8 (10:31):
And every one of them can turn to the American
Parkinson Disease Association.
Speaker 18 (10:35):
Look closer, My spirit is unshakable.
Speaker 8 (10:39):
Visit ap DA Parkinson dot org to learn more and
show your support today.
Speaker 7 (10:45):
Caitlin Glovers with the Public Lands Council, Livestock.
Speaker 19 (10:48):
Grazing controls those fine fuels that support in a backwards way,
they support ignission of these big fires, and these fires
then get rolling. They have such moments and that's why
they become so hot, so fast moving, and so catastrophic.
Speaker 20 (11:04):
You know.
Speaker 19 (11:04):
And for a long time, one of the things that grazers,
that ranchers have faced is this sort of you know,
being a second tier tool, a second class tool. The
federal agencies have always preferred chaining or other mechanized efforts,
prescribed fire or even herbicides because it's more standardized.
Speaker 20 (11:24):
Right.
Speaker 19 (11:25):
But this role of target grazing, this expansion of using
grazing animals to conduct find fuels management at scale is
gaining traction. We have more than a handful of bills
this Congress alone. We have very clear direction from the
Secretary of the Interior in a recent memorandum. We have
an executive order from President Trump identifying the need for
(11:46):
USDA and DI to work better together in not only
putting these fires out, but preventing the catastrophic conditions and
from those fires becoming too big. And so, whether you're
talking about sage grouse, or you're talking about and fuels management,
or you're even just talking about protecting watersheds, right from
a various number of factors, you're really seeing grazing.
Speaker 5 (12:09):
Having a moment.
Speaker 2 (12:10):
Right.
Speaker 19 (12:10):
It's not just goats in city parks, but it's cows
and sheep and technology and drones and satellites and all
of the big scientific and technology pieces coming together with
one of the most traditional, reliable, effective tools in grazing.
Speaker 7 (12:29):
And it's exciting American cattle News.
Speaker 15 (12:35):
This is Dairy Radio Now a rundown of the latest
dairy news across America with Bill Baker.
Speaker 21 (12:44):
It's time for our feed for on Friday with doctor
Mike Hutchins, Professor Emeritus from the University of Illinois.
Speaker 22 (12:50):
Hello, Mike, we'll welcome today's feed form and our topic
is going to be tire spot risks corn crops on
dairy farms and basically crops in general. This has appeared
in twenty and fifteen, primarily in Illinois and Indiana, but
now it has spread across all parts of the Midwest.
Here we have not had a reporter in not only
Illinois and Iowa, but Wisconsin, Minnesota, Michigan, Indiana, and North Nebraska,
(13:16):
Missouri and Mississippi as well. These states have developed research
programs to try to reduce the damage that crops can
inflict on dairy farms. Listeners may ask, well, what is
tar spot? Well, tar spot is a fungal disease that
attacks the corn leaf material itself. What it is are small, raised,
black circular growth on the leaves of the animals and
(13:40):
their elongated spots on the corn leaf. We got to
be very careful, however, when we diagnose this, because some
of that could be confused with insect excrement, which can
be misdiagnosed. When you have severe cases of tarspot, the
researchers report at a reduction of sixty bushels of corn breaker.
It's a huge gif to take a curse in late
(14:01):
July early August, plants will die and that leads to
poor quality corn silage because of its poor fermentation characteristics
and reduction in starch content. Equally as well, certainly you
can treat with a fungicide, and the most effective time
perhaps is going to be at right around the tassel
stage or the early vegetative state. Based on research coming
(14:22):
out of Purdue University, you will want to treat if
we start seeing more than ten percent coverage occurring on
the leaf material, and that can be done at a
diagnostic lab equally as well. Certainly, later stages may not
be an economical good decision as well, So Purdue lists
of guidelines to look at. Number one, if there has
(14:42):
been a history of that on the farm, especially in
the fields that have corn growing in them. Now you
want to really be scouting those fields to see if
you are seeing the presence of it. Number two, what
is the current activity and that will change. Primarily it
depends on moisture conditions. It's been dry in many parts
to the United States. Therefore, that reduces the formation of
(15:03):
this fungi on the corn leaves themselves. But certainly if
we get a rain, moist conditions, fog, high humidity, those
would all favor the growth and development of the tiresponse
on the leaves itself. Weather condition becomes a big factor,
as is this crop matures here in the United States.
And of course you have to look at return on investment.
(15:24):
What will it cost to apply the fung aside, and
do you apply it once or twice during the growing season,
and what's the optimal time to put that on the
crop itself. So our takeoad messages are that certainly we
should be scouting corn fields, especially in the Midwest part
of the United States, but it's going down in the
southeastern parts of the United States as well. And then
consider strategies on farm to determine how serious the problem
(15:48):
is and what type of treatment effects you should consider.
All that completes the program for today. Thanks, Hey, I
have a great day.
Speaker 1 (15:54):
Thank you, Mike.
Speaker 21 (15:54):
That's doctor Mike Hutchens, Professor emeritis from the University of Illinois,
featured every Friday here on Our Feet for on Friday
on Dairy Radio.
Speaker 2 (16:01):
Now, how is lower estimated cord production from the previous
marketing year impacting USDA's domestic supply to bad Ledger for
twenty twenty five twenty six. According to World Agricultural Outlook
Board chair Mark Jekanowski, that led to lower ending stocks
in twenty twenty four to twenty five, carrying over into
smaller beginning stocks.
Speaker 9 (16:22):
Reduced our feeding residual use by fifty million bushels, and
the balance of that production is really just coming out
of stocks. We reduced our ending stocks estimate by ninety
million bushels, so we're looking at carrying out about just
over one point six billion bushels of corn in the
new crop season in twenty twenty five twenty twenty six.
Speaker 2 (16:40):
That is despite record cord export forecast for the old
crop year and record cord production projected for the new
marketing year. Despite the lower ending stocks, the season ending
average price for cord remained unchanged month over month at
four dollars twenty cents a bushel. I'm Rod Bain, reporting
for the US Department of Agriculture in Washington, DC.
Speaker 20 (17:00):
Nikes Zombie's public speaking, The list of fears is endless,
but the real danger is in your hand when you're
behind the wheel. Distracted driving is what's really scary, And
even Dudley Ice forward, Don't Drive distracted.
Speaker 13 (17:13):
Brought to you by NITZA and the AD Council.
Speaker 21 (17:15):
A reminder for archive programs head to darryradio dot com.
I'm Bill Baker, Dairy Radio.
Speaker 16 (17:20):
Now.
Speaker 4 (17:24):
Almond pasta compared to wheat pasta well, according to Clarice Turner,
the president and CEO of the Almed Border California, almond
pasta wins hands down. I'm Patrick Kavanaugh with the California
Tree not Report, part of the vast ag Information Network.
Speaker 23 (17:39):
I serve it side by side when people come to
my home and I have, you know, a great pasta
sauce recipe from my mom that I serve, and people
prefer the almond pasta, and four days later it was
still hanging in there for leftovers. This is amazing, and
I hope that at some point we can get something
commercialized so that you know, we can get almonds in
the hearts and minds and bellies of more people across
(18:02):
the world that love pasta. This option of having you know,
almonds in aposta form on your plate. Imagine it's got
probably the level of protein of a small steak, so
you're also getting really nutritionally dense meal with a delicious
pasta sauce over it.
Speaker 4 (18:17):
So well, this would be a great innovation for almonds.
Speaker 23 (18:20):
My future has been unlocked, Patrick, because I can now
go back an apasta.
Speaker 4 (18:25):
Well, the important thing is to bring that price down
for consumers.
Speaker 23 (18:28):
So that it is more accessible to a wider range
of people. But personally, I think that's a big idea.
There's tons of ideas out there with respect to the
fourteen form factors that almonds currently exist in.
Speaker 4 (18:41):
That's Clarice Turner, the president and CEO the Almond Border
California with a big goal of innovations in food for almonds.
Speaker 24 (18:49):
Attention all growers. Have your packouts been reduced due to
damage caused by heat stress or sunburn?
Speaker 20 (18:55):
This is called tiva.
Speaker 24 (18:56):
We are the manufacturer of Parka. Parka is a place
vent based fool your product with a unique MOA that
helps plants resist and recover from heat stress. Parka reduces
heat stress and sunburn by reducing the development of oxidative
compounds and stressed crops. It allows the plant to continue
photosynthetic activity, which ultimately means your crops continue to perform
(19:17):
during times of excessive heat. As a result, plants treated
with Parka are better equipped to sustain growth under environmental
stress conditions to deliver high fruit quality and marketable yields.
Unlike other products on the market, PARKA is highly tank
mixed compatible and leaves no residue on fruit or equipment,
making it easy to incorporate in dispray programs. The heat
(19:38):
is coming. Is your crop ready to handle the stress?
Give us a call at eight eight eight six three
eight nineteen fifty five or visit Cultiva dot com.
Speaker 4 (19:47):
With the AGI Information Network. I'm Patrick Kavanaugh.
Speaker 18 (19:50):
CALP prices are at historic highs and there's no better
time to implement practices to maximize your revenue. New data
reveals that focusing on the health and development of ween
calves through strategic management and pre conditioning programs can boost
sale praises. Doctor John Hutchinson is Director of Cattle Technical
Services for Mark Animal Health now Superior Livestock Auction. Kansas
(20:15):
State University and MERK combined to study auction data analysis
that shows which management programs and how the protocols can
help maximize the value of your cattle.
Speaker 6 (20:26):
On impact of preconditioning. It's a big deal, so remember
the data that we're collected. Here are buyers buying calves
that have these indicators of what they've done to it
from a management standpoint, So that's number one is well
on these preconditioning calves, you have to go to a
sale if you've pre conditioned them, go to a sale
that recognizes the work you put into it so that
(20:46):
you can then get the value because these buyers are
willing to pay for these calves are healthier, they've been
vaccinated with two rounds of clostridio with modified live virals.
They've got some pastor Ella vaccines. They've likely been dewormed,
they may have been in planted, they've been fed out
of a bug, they've got a water trough, and so
they're ready for the next transition. And that value was
eight dollars and fifty cents one hundred, which led to
(21:08):
about forty eight bucks ahead in extra value just for
the fact they're in that program.
Speaker 18 (21:13):
He talks about other important items they discovered from the data.
Speaker 6 (21:16):
They're putting out their checkbook on these kind of things
that we see. And so they like cattle with no horns,
so polled or dehorned, so no horns is important for them.
Having a medium to large frame animals, so you know,
these big weights in these feed yards. They want those
cattle that have the structural soundness to be able to
get to those big weights flesh. They don't want them
over conditioned, so they don't want them fat, you know,
(21:37):
they want them a little leaner and a little greener,
so to speak. And so they like a little less flesh.
And then one of the big impacts was they want
to see uniform lots, so they want to see those
calf crops weight range is pretty tight in that they
were all born similarly and close together. And so those
are some of the things along with non genetics you
could identify non genetics. They like that genetic improvement.
Speaker 18 (21:58):
Hutchison talks about what the ADYE data showed about implants.
Speaker 6 (22:02):
So it's pretty interesting. In this database we have the
things that impact price in a positive way. Then we
have some things that don't impact price but yet have
a huge opportunity and a huge value to gain by
the producer, and that's implants. And so those cattle that
are implanted, we do not see a difference in the
price paid for them in these buyers and these sail barns.
And so what we find is it makes sense I
(22:25):
just mentioned some factors about cattle that they like to see.
They like to see flesh, they like to see frame,
they like to see good genetics, which is muscularity. And
so you look at what an implant does. It gives
them more muscle, it gives them a little more frame,
and they're a little leaner, and so all those attributes
are positive. And so no change in price and you
get twenty three pounds of added weight gain. You can
(22:47):
do the math on price of calves.
Speaker 18 (22:49):
Today he talks about where to go for more information
on preconditioning your cows.
Speaker 6 (22:53):
They can go to primepac dot com and that's our
preconditioning site they can go to, and then I'll just
leave them with this. In terms of economic impact, if
you precondition those caves and got forty eight more dollars,
and you implant your caves and get twenty three more
pounds at three dollars a pound, that's sixty five more dollars.
You're looking over one hundred dollars bill on two things
(23:15):
that you can do. And I'm not saying preconditioning is easy,
but there's money to be gained along with the weight
gain from an implant. There's a lot of dollars still
there for producers to go after if they're.
Speaker 18 (23:24):
Not now again. That is doctor John Hutchison, director of
Cattle Technical Services for Mark Animal Health. For more details
from the superior livestock auction data set, visit primevac dot com.
That's prime vac dot com.
Speaker 2 (23:43):
In a USDA July Domestic ballad sheet full of Jude
Report data such as coirley stocks and crip acreage, Chief
Ecatabis seth Meyer believes one of the more significant contributors
to this months wast he is.
Speaker 25 (23:55):
Trying to get a handle on what we think the
impacts on soybean crush soybean oil are due to the
renewable Fuel Standard that EPA released between the June ROSNY
and this July Rosey.
Speaker 2 (24:09):
With both soybean crush and be domestic use up a
current market TIG year forecast and also reflected in twenty
twenty five twenty six projected soybean oil biofuel domestic disappearance
as for us cored SD of the latest Renewable Fuel
Standard proposal, Buyer says the impact is perhaps not as
well known as.
Speaker 25 (24:29):
The constraint continues to be on ability to consume higher
level blends so not large changes and expectations about ethanol.
Speaker 2 (24:36):
Rod Bayan reporting for the US Department of Agriculture in Washington,
d C.
Speaker 18 (24:40):
I'm Dwayne Merley.
Speaker 24 (24:42):
It's time for California AGG Today on the AG Information Network,
I am Hailey's ship. The California Cattleman's Association is out
with two wolf related updates this week, one looking back
and one looking ahead. First up, the California Departments of
Fish and Wildlife has released a ten year report summarizing
(25:03):
its gray wolf management efforts. While light on new details,
it does include easy to read tables and graphics tracking
wolf populations and movements over the past decade.
Speaker 20 (25:14):
Now.
Speaker 24 (25:15):
That report lists a twenty twenty four year end count
of fifty wolves, but CCA staff reviewing agency updates believes
that number was closer to seventy eight. Most important for
future policy, five known breeding pairs. Looking forward, the department
does plan to issue similar reports annually and in a
(25:35):
not to current challenges. California's revised Budget Act includes two
million dollars for the state's wolf Livestock Compensation program, aimed
at helping producers offset losses from wolf depredation. The California
Cattleman's Association will also be hosting a virtual wolf Deterrence
webinar that's happening on July twenty second at one pm.
(25:56):
You can visit our website agginfo dot net for the
link to register. Attention all growers. Have your packouts been
reduced due to damage caused by heat stress or sunburn?
This is Cultiva. We are the manufacturer of Parka. Parka
is a plant based folier product with a unique MOA
that helps plants resist and recover from heat stress. Parka
(26:17):
reduces heat stress and sunburn by reducing the development of
oxidative compounds and stressed crops. It allows the plant to
continue photosynthetic activity, which ultimately means your crops continue to
perform during times of excessive heat. As a result, plants
treated with Parka are better equipped to sustain growth under
environmental stress conditions to deliver high fruit quality and marketable yields.
(26:39):
Unlike other products on the market, Parka is highly tank
mixed compatible and leaves no residue on fruit or equipment,
making it easy to incorporate into spray programs. The heat
is coming. Is your crop ready to handle the stress?
Give us a call at eight eight, eight, six three eight,
nineteen fifty five, or visit cultiva dot com. This is
calib fourna AGG today on the ag Information Network. I
(27:03):
am Haley's ship. For more AGG news, check us out
online at aginfo dot net.
Speaker 1 (27:08):
Bob, when here were some farm news this morning, friends, Well,
when it comes to passing a farm onto the next generation,
capital gains taxes can pack a big punch. Farmland that's
appreciated in value over decades can lead to a hefty
tax bill if it's sold or transferred without the right planning.
Kelly Wilfort, an extension farm management planning specialist with the
(27:29):
University of Wisconsin, says agriculture welcomed a provision in the
federal budget that spreads out those capital gains tax payments.
Speaker 10 (27:38):
There was a neat little provision about capital gains on
farmland that got squeezed in. So it's going to become
Code section ten sixty two in the Internal Revenue Code.
And what that provision does is it actually allows you
to spread out any capital gains on farmland over for
installments over four years. Well, what does that mean exactly?
(28:00):
If we're not dealing with estate tax. We've decided Hey,
we don't want to hold onto all of these assets
until the very moment we die. We're maybe thinking about
transferring that land a little sooner and potentially with a sale.
Speaker 1 (28:11):
Capital gains can hit hard on land that's been held
in the same family for a long time.
Speaker 10 (28:16):
Capital gains tax comes into play when we are selling
an asset like farmland, and it is paid on the
difference between the sale price of that land and whatever
the owner's tax basis in that property was. For some
of our farms who've held farmland for a number of years,
that could be fairly significant. That appreciation that's being taxed
(28:38):
could be again a big deal for those farms. What
this reconciliation package did was it allowed farmers to make
an election again that you could spread out that tax
over four years, so it's not all necessarily due year one,
but potentially an option to spread it out.
Speaker 1 (28:54):
Over for She offered a real life example of how
quickly the gains taxes can pile up.
Speaker 10 (29:00):
I'm actually going to use an example that a farmer
in the Central Sands shared with me earlier this year.
His dad bought land in that area. I want to
say it was back in the fifties or sixties, and
at that point there wasn't a lot of irrigation in
that space, and so that land was only worth the
dollar number he gave me was about three dollars an acre,
(29:20):
and I'm wondering if maybe it was three hundred, but
you get the sense of it wasn't a whole lot. Today,
that land at firm market value is closer to ten
thousand dollars an acre, because his father is still holding
that land his basis. What he paid was that either
three or three hundred dollars an acre. But if he
were to sell it tomorrow, he would be taxed on
(29:42):
the difference between ten thousand and that original purchase price,
and he'd be looking at probably about a twenty percent
tax rate on that, So paying about twenty percent of
that difference into the federal government. It's a pretty significant
chunk of change.
Speaker 1 (29:56):
Kelly Wilford, University of Wisconsin with US Well Friends. Oil
prices have moved higher over the past couple of weeks,
but not for the reasons we've seen this year. Patrick
Dehan with gasbuddy dot Com says this most recent increase
is due to global oil inventories, which are a bit
tight right now.
Speaker 11 (30:15):
Some of the refined product inventories, including diesel, are now
twenty three percent below the five year average, and that's
why you may be noticing higher diesel prices. Having said
all of that, there's not a whole lot of impact
from Trump threatening new terriffs. The market kind of shrugging
off that. Certainly in weeks and months past, Trump is
also backed off on some of those threats.
Speaker 1 (30:36):
De Han says the concern over the tight supply is
a complete one to eighty from the concerns of a
glut of oil expressed by investors just a few weeks ago.
He added that it's not just inventories pushing oil prices higher.
Speaker 11 (30:48):
In addition, we're seeing better than expected data on the
US economy in terms of the pace of growth, so
certainly some good news there. I still think that there
are some worries that the glood of crude oil I
would emerge here by later this year as global inventories increase.
Speaker 1 (31:04):
Patrick Dehan with Gas Buddy Well Frenzy Farm Progress Shows
celebrating twenty years in Decatur, Illinois. This year. The show
will be held August twenty six, twenty seven, and twenty
eight Matt Youngman, national Events manager for Farm Progress, says
it won't be long. Now.
Speaker 17 (31:19):
We get to July fourth and the show program goes
to print, goes to the printer, and then it gets
more and more fast paced as we get through the
summer here. Rick will be on site permanently next week.
The tents are going to start flying Monday of next week,
and it's right around the corner realistically.
Speaker 1 (31:36):
He says. The crops at the show are looking great.
Speaker 17 (31:40):
Everything's in great shape. Post Farmers did a great job.
It was all in the ground by I believe it
was April sixteenth or April seventeenth, but there was a
little window there where they could get that early corn
in the ground on time. And it's gotten plenty of
rain there in Decatur and getting good heat here through
the summer, so we're on pace for good field demonstrations.
Ratting an entirely new drone demo system to the show,
(32:02):
so that's been a big project that Rick has been
working with the FAA to make sure that we can
get that right. And then all the regular stuff that
you've come to be familiar with with harvesting demonstrations and tillage,
and then also autonomy getting bolted into some of those things.
Speaker 1 (32:15):
Farm Progress show again in the Midwest August twenty six,
twenty seven, and twenty eight. Farm us you're listening to
ag Life, probably.
Speaker 26 (32:24):
The ED Information Network. This is your Agribusiness update AGG.
Producers who suffered eligible crop losses due to natural disasters
in twenty twenty three and twenty four can now apply
for sixteen billion dollars in assistance through the Supplemental Disaster
Relief Program. Assistance from the Farm Service Agency is coming
in two stages. The first is open to producers with
eligible crop losses who received assistants under Crop Insurance or
(32:47):
the non insured Crop Disaster Assistance Program. Stage two sign
ups for eligible losses begin in early fall. The Center
for Environmental and Welfare applauded the Trump Administration's lawsuit filed
last week to nullify onerous California regulations driving up food
prices nationwide. The filing takes aim at three California laws,
including Proposition twelve, dictating farm practices for eggs and pork.
(33:10):
Prop twelve forces farmers around the country to adopt California's
radical production standards while prohibiting veterinarian approved animal husbandry practices.
Farmers for Free Trade has been on the road this summer,
holding events called Tariff town Halls. The events brought together farmers,
business leaders, economists, and trade experts to spotlight how newly
imposed tariffs are already harming the communities that grow and
(33:34):
make American made products that power local economies and are
in demand around the world. At each stop, farmers and
experts shared new data on the ground, stories and the
growing urgency.
Speaker 5 (33:44):
Empower Dairy a full solution approach for producers, mark Animal Health,
livestock and dairy. Veterinarian doctor John Champagne cows.
Speaker 27 (33:52):
Are most productive when all aspects of dairy management sort
of work together. Even though we focus on individual parts,
it's the entire st system in the dance that that
system does. This includes identification, are monitoring, and our BioPharm portfolio,
and by using all three of these, the Empower module
allows us to maximize productivity while reducing animal stress, labor
(34:15):
and inefficiencies. We have not only just the products, but
the solutions as well to enhance and go along with
the products, and those things can be interchangeable. In addition
to that, we have expertise within the organization and a
significant amount of research and development.
Speaker 5 (34:34):
Visit productivecows dot com or contact a merk animal health
representative to learn the best empower approach to keep your
cows productive.
Speaker 26 (34:42):
From the AG Information Network, I'm Bob Larson with today's
agribusiness update.
Speaker 1 (34:46):
Bob Quinn back to wrap up AGLI for today friends. Well,
the drought across the country is shrinking in area. Rod
Bain wraps us up.
Speaker 2 (34:55):
Not much to talk about. In the latest US rout
Monitor SDAB orlogist Brad Rippy first explains the numbers. For
the period ending July first, almost one third.
Speaker 28 (35:07):
Of the country thirty two point four percent was experiencing drought.
That is up two point eight percentage points from four
weeks ago.
Speaker 2 (35:16):
Now, he adds this caveat if.
Speaker 28 (35:18):
You look at all of the regions of the United States,
there was only one of them where we saw an
increase in drought coverage, and that was across the eleven
state Western region.
Speaker 2 (35:28):
With sharp month over month increases in the West.
Speaker 28 (35:31):
We started the month of June at about fifty one
percent drought coverage and that jumped to sixty four point
five percent by July first, so more than a thirteen
percentage point increase in the Western United.
Speaker 2 (35:44):
States, much of that originating in the Pacific Northwest.
Speaker 28 (35:49):
For example, in Oregon, as recently as May twentieth there
was no drought in the state of Oregon. By July first,
that has jumped to forty two percent. And then we
have seen almost a quadrupling of drought coverage in Washington
and Idaho over the last couple of months. So, for example,
in Washington State on that May twentieth date, eighteen percent
(36:11):
drought coverage, and that has jumped to sixty seven percent
by July first.
Speaker 2 (36:16):
The Western drought expansion is also reflected in states reporting
significant extreme to exceptional coverage D three and D four
for the period and in July first.
Speaker 28 (36:27):
We have a fairly short list of states where we
have our higher ends drought. Now most of those are
in the Western United States. So of our eleven Western states,
there are seven of them where we have some degree
of extreme or exceptional drought. Continuing to lead the pack
is Arizona forty seven percent extreme to exceptional drought coverage
on July first, closely followed by New Mexico at thirty
(36:50):
three percent, also in double digits, but just barely Nevad
at ten percent D three to D four coverage.
Speaker 2 (36:56):
Regard to other regions which reported decreased drought cover ridge
month over a month, Rippy provides the example of the
Midwest recording a having of drought coverage during June.
Speaker 28 (37:07):
From ten point seven percent of the Midwest on June third,
all the way down to five point six percent by
July one. It's more than five percentage point of reduction.
Speaker 2 (37:18):
Broadbane reporting for the US Department of Agriculture in Washington,
d C.
Speaker 1 (37:23):
With that, friends, out of time for today, thanks for
joining us back Monday morning with another edition of Aglife
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