Vilsack: Changing crop report release times is ‘complicated’

Ag Secretary Tom Vilsack says the USDA is studying its procedures for releasing crop reports in response to new expanded trading hours implemented by the CME Group.

But Vilsack says changing report release times is not as simple as it sounds.

“A decision as to timing and information being accessible can potentially make the difference of millions of dollars, one way or the other, to those who are trading,” Vilsack says, “and now we have essentially two competing entities that have different hours that don’t necessarily align.”

Those competing entities are the CME Group and the Intercontinental Exchange (ICE), which recently expanded its trading in grain futures. 

The Kansas City Board of Trade and MGEX, formerly the Minneapolis Grain Exchange, have followed suit and expanded their trading hours as well.

Vilsack made his comments during a conference call with reporters this week.

AUDIO: Tom Vilsack (1:58 MP3)

 

Iowa Farm Bureau continues push for infrastructure improvements

The president of Iowa Farm Bureau, Craig Hill of Milo, says he’s disappointed with the 2012 Iowa legislature’s failure to address the states rapidly deteriorating infrastructure. 

“Many of Iowa’s roads and bridges are in need of significant structural improvements, and we continue to fall further behind every year.  Clearly, this problem will not go away without additional funding; that’s why Farm Bureau members have identified a fuel tax increase as the most equitable, feasible funding method,” says Hill.

Hill discussed that topic and other state legislative issues in a recent interview with Brownfield’s Ken Anderson.

AUDIO: Craig Hill (4:57 MP3)

 

ASA president voices concerns with expanded trading hours

The president of the American Soybean Association (ASA) says he has concerns about the expanded trading hours at the Chicago Board of Trade.

The new trading hours are from 5 p.m. to 2 p.m. Central time, Sunday through Friday.  They went into effect this past Sunday.

ASA president Steve Wellman of Syracuse, Nebraska tells Brownfield there is still confusion about how the expanded trading hours will coexist with the release of USDA reports on grains and oilseeds.

“Having the major USDA reports released during trade hours, I think, does open up possibly having inaccurate price discovery happening during trading,” says Wellman.

Another concern, Wellman says, is that there is already unequal access to USDA information based on differing Internet capacity across the country and around the world.   He says differing abilities to place orders in reaction to reports released during trading hours will create, what he calls, “inequitable opportunities for market participants”.

AUDIO: Steve Wellman (3:51 MP3)

 

Iowa Farm Bureau president discusses 2012 legislative session

Iowa Farm Bureau president Craig Hill of Milo, Iowa says they were disappointed that the state legislature didn’t address the state’s deteriorating infrastructure during the recently concluded legislative session.  But he says they were pleased with steps taken to protect property taxpayers and to increase conservation funding.

AUDIO: Craig Hill (4:57 MP3)

 

Infrastructure improvements still a big concern in Iowa

Several Iowa farm groups were disappointed this year with the Iowa legislature’s failure to address what they consider to be a deteriorating infrastructure in the state. 

One of those groups—Iowa Farm Bureau—says it will continue to push for an increase in the state’s fuel tax to help fund needed improvements in roads and bridges. 

Earlier in the year, Iowa Governor Terry Branstad told Brownfield that he wanted to tighten up the transportation department’s budget before he would support the fuel tax increase.  Now that those savings have been found—and with gas prices on the decline—Branstad says the timing for the fuel tax increase might be better in the next legislative session.

AUDIO: Terry Branstad (2:19 MP3)

 

Iowa governor applauds state’s schools for sticking with LFTB

As the controversy over Lean Finely Textured Beef (LFTB) raged on earlier this spring, Iowa Governor Terry Branstad and Lt. Governor Kim Reynolds sent letters to all 359 Iowa school districts, urging them to continue using LFTB in their school lunch programs.

Branstad tells Brownfield, to his knowledge, no Iowa schools are planning to drop LFTB—and he says that is very encouraging.

Branstad also talks about USDA’s response to the LFTB controversy.  He says he wishes the agency would have handled LFTB the same way it handled the recent BSE case in California.

AUDIO: Terry Branstad (5:19 MP3)

 

Farmers Paying It Forward with Pizza

The farming community is rallying together to thank Domino’s Pizza shareholders for saying “no” to the Humane Society of the United States (HSUS).

Using blogs, Facebook and Twitter, a group of agriculturalists is encouraging everyone to order Domino’s Pizza this weekend (May 18-20) as a way to thank the company for standing with America’s farmers. 

In April, Domino’s shareholders rejected a resolution proposed by HSUS to require its pork suppliers to stop housing sows in gestation stalls.  A Domino’s spokesperson explained that the company relies on animal experts to determine the best way to raise an animal that’s used for food.

The “Farmers Paying It Forward with Pizza” campaign was the brainchild of Clarence, Missouri pork producer and ag blogger Chris Chinn.  Brownfield’s Tom Steever visited with Chinn about the pizza plan.

 AUDIO: Chris Chinn (4:00 MP3)

Feed salesman Mike Davelaar of Brandon, South Dakota, who blogs on The Truth About Agriculture web site, is also working to spread the word.   Brownfield’s Ken Anderson talked to Davelaar about it.

AUDIO: Mike Davelaar (7:39 MP3)

For more details, go to The Truth About Agriculture web site or visit the Ag Pizza Party page on Facebook.

How one rural community is preparing for the future

At the recent University of Nebraska-sponsored Rural Futures Conference in Lincoln, we visited with Caleb Pollard of Ord, Nebraska, a community of 2,100 people located in central Nebraska. 

Pollard is the executive director of the Ord Area Chamber of Commerce and the Valley County Economic Development Board.   In our interview, Pollard discussed the challenges and opportunities that face his rural community and how Ord is getting young people more involved in mapping out the community’s future path.   We also talked about how agriculture—and specifically, ethanol and livestock—fits into those plans.

AUDIO: Caleb Pollard (11:19 MP3)

 

Ensuring a strong future for rural areas

Globalization and other factors are rapidly changing the world.  To create a successful future, people in rural America must anticipate and mange this ever-changing environment.

With that in mind, the University of Nebraska hosted the inaugural Rural Futures Conference in Lincoln.  The theme of the conference was “Connecting Innovation”—a challenge to participants to interact and think boldly about the future of rural Nebraska and the Great Plains.

One of those participants was Darci McGee, a University of Nebraska Extension Educator for Nuckolls and Thayer counties in southern Nebraska.   McGee works out of Nelson, a town of about 600 people.  

In an interview with Brownfield, she talks about some of the challenges and opportunities involved in keeping and bringing more young people into their rural communities. 

AUDIO: Darci McGee (3:23 MP3)

 

ACE official responds to API’s E15 infrastructure concerns

The American Petroleum Institute (API) has released a new analysis of EPA’s regulations to allow higher amounts of ethanol in gasoline (E15).  According to API, it shows that “an estimated half of all gasoline station equipment is not compatible with E15 and could result in serious safety and environmental problems for consumers.”

The ethanol industry was quick to dispute API’s findings.  Ron Lamberty, senior vice president of the American Coalition for Ethanol (ACE) calls it “a thinly disguised attempt to maintain their stranglehold on our fuel supply.”

Brownfield visited with Lamberty about API’s claims and what impact it might have on the industry’s efforts to convince fuel retailers to add E15 to their pumps.

AUDIO: Ron Lamberty (8:12 MP3)