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Farm Bureau Pleased with Passage of Free Trade Agreements

American Farm Bureau Federation President Bob Stallman says approval of the bilateral free-trade agreements between the United States and Korea, Colombia and Panama, as well as approval of Trade Adjustment Assistance, is welcome news for farmers and ranchers. Stallman says – swift implementation is critical, so we can restore a level playing field for U.S. farm exports to these three nations.

Stallman points out that – over the past four years, Korea, Colombia and Panama have opened their doors to our competitors. Congress and the administration have now given us the opportunity to improve our competitive position in these markets. Stallman says – the economic growth generated from the agreements will improve our economy and create jobs here at home.

According to Farm Bureau, combined, the three FTAs represent nearly 2.5-billion dollars in new agriculture exports for America’s farmers and are expected to create economic growth that could generate support for up to 22,500 U.S. jobs.

[For related story and audio, please see page 6]

Cash Grains: Thursday, October 13th

St. Joseph
Yellow Corn 6.16 – 6.23
White Corn 6.83
Soybeans 11.96 – 12.04
LifeLine Foods
Yellow Corn Existing contracts only
Atchison, Kansas
Yellow Cor 6.35- 6.43
Soybeans 11.94
Hard Wheat 6.51
Soft Wheat no bid
Kansas City, Missouri Truck Bid
Yellow Corn 6.28 – 6.33
White Corn* 6.79 – 7.05
Soybeans 12.20
Hard Wheat 6.66
Soft Wheat 5.83 – 5.88
Sorghum 10.95
*this bid is only updated weekly from USDA and is a Kansas City rail bid. Call your grain merchandiser for the most current bid.


Future Prices
Grain futures from the Chicago and Kansas City Board of Trade and livestock futures from the Chicago Mercantile Exchange.
USDA Market News – Kansas City Truck Bids
For questions please contact 680 KFEQ Farm Department at [email protected]

Gov. Nixon Presents Agricultural Achievement Award to a Rogersville Dairy

Gov. Jay Nixon visited Rogersville Wednesday to recognize Randy Mooney, who owns M&M Dairy LLC, with the Governor’s Award for Agricultural Achievement. The award honors outstanding farmers, growers and processors in a variety of agriculture commodities.

M&M Dairy is an innovator in Missouri grass-based dairy systems, adopting their pasture management system in 1992. M&M Dairy’s rotational grazing process maximizes forage use by intensively managing plant growth and grazing time. Over the past two decades, M&M Dairy has grown from 125 to 250 milking cows while improving pasture, soil and water quality.

In addition to operating his dairy, Mooney is also the Chairman of the Board of Dairy Farmers of America (DFA), Chairman of the National Milk Producers Federation and serves on boards of several dairy organizations including the Missouri State Milk Board.

“Agriculture has always been, and will always be, the heart of Missouri’s economy and operations like M&M Dairy are the reason why,” Gov. Nixon said. “Missouri farmers feed a hungry world, and they help strengthen America’s energy independence. Farmers also create jobs and support our economy. The farmers, ranchers and producers of Missouri are moving our state forward through innovation and conservation, breaking new ground and creating new opportunities for our future.”

Listen for next weeks Missouri Corn Update on 680 KFEQ to hear from Mooney.

 

Farm Groups Say GPS Must be Spared by LightSquared

The Federal Communications Commission and LightSquared must complete comprehensive and rigorous testing on all proposed technical fixes to ensure there is no interference between broadband and GPS signals.  That’s the message the American Farm Bureau and a dozen national producer groups told the House Small Business Committee Wednesday. They also believe LightSquared should cover the expense of all technical fixes related to the interference issue to ensure the cost is not passed along to farmers and ranchers.

AFBF President Bob Stallman says – it is critical that costs for resolving this issue are not passed along to farmers and ranchers through higher GPS or equipment costs. American Soybean Association First Vice President Steve Wellman, a farmer from Syracuse, Nebraska, says – additional testing is imperative. We need to know with certainty that any modifications and proposed solutions will work for new and existing precision agriculture equipment.

Farmers use GPS for accurate mapping of field boundaries, roads and irrigation systems; for precision planting; and for targeting the application of fertilizer and chemicals that combat weeds and crop diseases. GPS also allows farmers to work in their fields despite low-visibility conditions such as rain, dust, fog and darkness.

Free Trade Agreements Make Their Way Through Congress

The House and Senate were both able to move the three free trade agreements with Colombia, Panama and South Korea Wednesday. After overcoming a motion to recommit the Colombia Trade Promotion Agreement with instructions .

the House went on to pass the agreement on a 262 to 167 vote; followed by the agreement with Panama – which garnered 300 yes votes; and then the Korea trade agreement – which was approved on a 278 to 151 vote. Finally – the House voted to reauthorize Trade Adjustment Assistance and the Generalized System of Preferences 307 to 122. The trade agreements immediately went to the Senate for votes.  The vote was 83 to 15 in favor of the Korea deal; 77 to 22 on the agreement with Panama; and 66 to 33 for Colombia.

Ahead of the vote – Senator Chuck Grassley of Iowa took to the floor to point out the benefits of all three agreements. After noting that implementing the trade deals was a clear and simple way to create jobs and stimulate growth in the economy – the Senator focused on some of the agricultural benefits. The Korean deal – for example – is estimated to increase the price farmers receive for their hogs by 10-dollars per pig. The deal with Colombia will level the playing field for U.S. corn farmers so they can begin to reclaim some of the market share lost due to high tariffs. Panama means better opportunities for a variety of ag products – including beef, poultry and pork.

Along with the passage of these three trade agreements – Grassley believes Congress should pass trade promotion authority and the administration should make it a top priority to seek out more opportunities for opening foreign markets for U.S. products. He says that’s a way to continue helping U.S. farmers. According to Grassley – it’s time to re-establish our position as the world leader in opening and expanding markets. He encouraged the administration to move forward on other job-generating trade initiatives without delay.

Cash Grains: Wednesday, October 12th

St. Joseph
Yellow Corn 6.20
White Corn 6.85
Soybeans 11.74 – 11.84
LifeLine Foods
Yellow Corn Existing contracts only
Atchison, Kansas
Yellow Cor 6.37- 6.46
Soybeans 11.79
Hard Wheat no bid
Soft Wheat no bid
Kansas City, Missouri Truck Bid
Yellow Corn 6.28 – 6.33
White Corn* 6.79 – 7.05
Soybeans 12.03
Hard Wheat 6.76
Soft Wheat 5.92 – 5.97
Sorghum 11.00
*this bid is only updated weekly from USDA and is a Kansas City rail bid. Call your grain merchandiser for the most current bid.


Future Prices
Grain futures from the Chicago and Kansas City Board of Trade and livestock futures from the Chicago Mercantile Exchange.
USDA Market News – Kansas City Truck Bids
For questions please contact 680 KFEQ Farm Department at [email protected]

Cash Grains: Tuesday, October 11th

St. Joseph
Yellow Corn 6.25
White Corn 6.90
Soybeans 11.70 – 11.80
LifeLine Foods
Yellow Corn 6.25
Atchison, Kansas
Yellow Cor6.30 6.30- 6.50
Soybeans 11.60
Hard Wheat 6.79
Soft Wheat no bid
Kansas City, Missouri Truck Bid
Yellow Corn 6.40
White Corn* 6.49 6.69
Soybeans 11.99
Hard Wheat 6.95
Soft Wheat 6.26 – 6.31
Sorghum 11.07
*this bid is only updated weekly from USDA and is a Kansas City rail bid. Call your grain merchandiser for the most current bid.


Future Prices
Grain futures from the Chicago and Kansas City Board of Trade and livestock futures from the Chicago Mercantile Exchange.
USDA Market News – Kansas City Truck Bids
For questions please contact 680 KFEQ Farm Department at [email protected]

FTAs Vote Possible Wednesday

Wednesday, both the U.S. House and U.S. Senate are expected to vote on U.S. Free Trade Agreements with Colombia, Panama, and South Korea. The American Soybean Association is urging Congress to swiftly pass the implementing legislation so the FTAs may enter into force as soon as possible.

To make sure all goes well, ASA is soliciting active grassroots support. In an ASA action alert, soybean growers are being asked to contact Members of Congress as soon as possible before Wednesday’s vote and emphasize the need for passage of the pending U.S. trade agreements. Contact information is available at: www.usa.gov/Contact/Elected.shtml.

ASA leadership points to five talking points:  1/ The trade agreements represent nearly 3-billion dollars of additional agricultural exports. 2/ Previous lost U.S. market share and economic growth. 3/ The Colombia FTA will immediately eliminate tariffs on soybeans, soybean meal and soybean flour, and phase-out tariffs for crude soybean oil and refined soybean oil over 5 years. 4/ The Korea FTA will increase exports of the major grain, oilseed, fiber, fruit and vegetable, and livestock products by 1.8-billion dollars annually.  And 5/ The Panama FTA will remove immediately the tariffs on U.S. soybeans, soybean meal, and crude vegetable oils.

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