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Archived Program Overview - July 11, 2008
 
Market Journal (program no. 302) (Entire program: 30:00)
This week on Market Journal, Jim Goeke discusses the water resources we have in Nebraska and how we need to plan for their future use. Roy Smith joins us to discuss the corn and soybean acreage situation and give us his analysis of the corn and soybean markets.

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      Ag News (Length: 1:56)
--USDA has put together the rules for exports of U.S. beef to South Korea, giving the green light to shipments this week.
--USDA has announced that Conservation Reserve Program (CRP) acres will be released for livestock grazing in counties recently designated as Presidential Disaster Areas because of flooding. Participants must get approval from their FSA office. Participants will experience a 25 percent reduction in their CRP rental payments.
--Wildlife Federation has filed a lawsuit causing a Federal District Judge in Washington State to issue a temporary restraining order that stops the grazing of CRP land under the Critical Feed Use Program.
--The July Nebraska Farmer has an in-depth look at the 2008 Farm Bill’s farm income safety net. University of Nebraska-Lincoln Extension Policy Specialist, Brad Lubben says changes in the farm income safety net will affect signup and risk management decisions.

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      Corn and Soybean prices are volatile (Length: 5:20)
Roy Smith, Plattsmouth crop producer and grain marketing consultant, says the crop report for Nebraska looked good. Smith recommends marketing old crop corn and to continue to sell old crop soybeans.

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      Farmers and ranchers should prepare for swings in the climate (Length: 3:07)
Curt Brown, U.S. Bureau of Reclamation, Denver, Colorado, says farmers and ranchers already work in a diverse environment. Brown expects the climate and energy to be bigger challenges than in the past. He recommends producers build the capacity to deal with a range of weather conditions - particularly with an emphasis on trying to reduce water and energy.

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      Water management will be different in the future (Length: 7:49)
Our focus on assessing the water supply should be on comparing the surface and ground waters situations. Jim Goeke, University of Nebraska-Lincoln hydrogeologist says many agencies will be involved in planning and making decisions about water. However, says Goeke, the ultimate decisions should remain under local control.

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      Prepare now to deal with corn nematodes next year (Length: 2:24)
New corn nematode treatments will be available next year. Tamara Jackson, University of Nebraska-Lincoln extension plant pathologist, recommends establishing a base nematode count this season by testing fields to find out where nematodes may be a problem. Information is at www.pdc.unl.edu.

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      Weather (Length: 3:07)
After many rainy cycles this spring, the temperatures are expected to be below normal in the central Corn Belt in the 90-day outlook. These cooler temperatures could move into eastern Nebraska. Above normal rainfall is expected in the central to eastern Corn Belt in the next 90 days. Al Dutcher, University of Nebraska-Lincoln extension state climatologist says the 90-day forecast has no predictability for most of the Midwest.

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      Journal Entries/Program Wrap (Length: 1:30)
Market Journal host Doug Jose summarizes the main points made during this edition of the program.

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