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Archived Program Overview - June 13, 2008
 
Market Journal (program no. 298) (Entire program: 30:00)
The Farm Bill has finally been passed. Brad Lubben discusses what was included and excluded from the final product and what it will mean for Nebraska’s producers. Roy Smith gives us his analysis of the crop production report, Don Adams gives some points on cutting livestock input cost; and Eugene Glock talks about the role of the Governor’s Water Task Force.

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      Ag News (Length: 1:31)
--Between 2003 and 2007, the majority of corn and soybean production cost increases can be attributed to the crude oil price, according to a University of Illinois Extension study. Researchers found that with each $1 increase in the crude oil price, corn production costs increased by $1.51 per acre and soybean production costs increased by 90 cents per acre.
--The USDA's June crop production report cut the corn crop average five bushels per acre to 148.9 bushels but left the soybean production numbers at an average yield of 42.1 bushels per acre.
--The mission of the Lyons-based Center for Rural Affairs has broadened over the past 30 years, according to the June Nebraska Farmer. Center Director Chuck Hassebrook says, “Small and medium-sized family farms remain an emphasis.

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      Corn and soybean markets (Length: 5:16)
Roy Smith, farmer and grain marketing consultant, recommends that if farmers haven’t priced their new crop they should consider doing so. He says the basis has improved in recent weeks. Also, the crop production report doesn’t reflect the recent wet weather.

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      Cutting livestock input cost (Length: 3:38)
Don Adams, University of Nebraska-Lincoln Extension Beef Nutritionist, discusses specific ways cattle producers can cut their input costs. Producers should look at feeding more nutrient dense supplements. Adams says alfalfa is currently a good buy and an alternative to distillers grains.

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      The new Farm Bill (Length: 8:19)
Brad Lubben, University of Nebraska-Lincoln Extension Public Policy Specialist, discusses the new Farm Bill and what it will mean to Nebraska’s producers. Lubben talks about the changes to the farm income safety net, how the ACRE program is tied to revenue instead of price and that the disaster assistance program takes effect in the 2008 growing season.

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      Climate changes (Length: 3:16)
Eugene Glock, farmer from Rising City, comments on why producers should keep the possibility of climate change in mind and always be mindful of good conservation practices.

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      Weather (Length: 2:54)
Al Dutcher, University of Nebraska-Lincoln State Climatologist, says mild temperatures and drier conditions are in the forecast.

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      Journal Entries/Program Wrap (Length: 1:22)
Market Journal host Cheryl Griffith summarizes the main points made duirng this edition of the program.

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