Does Vertical Farming Work?

vertical farming has been called the
future of Agriculture claimed to solve many of the problems we talked about in
the last video. It’s been a controversial topic with mixed opinions from experts.
Are these claims hype or can it deliver? but first we need a better understanding
of what a vertical farm is There are many different versions and they all
have vastly different capabilities. Part of the problem, is the many types of farm
and confusing array of definitions So let’s deal with those first. vertical farming and urban farming are
both umbrella terms that are sometimes used interchangeably, although they are
not the same. Urban agriculture includes a broad array of concepts, it essentially
focuses on bringing food production into the city. In order to move the production
as close to consumption as possible. This may include the usage of vertical farms
or may involve more traditional growing practices, in an urban environment. While
vertical farms can be urban they don’t have to be, therefor all vertical
farming references in this video won’t be restricted to urban environments.
While vertical farms can use soil most utilize hydro, aero, or aquaponics. These
methods use much less water than typically used in soil. Hydroponics
replaces soil by using a circulating water and nutrient mix for plant growth.
Aeroponics uses an open membrane and a water mist spray with a nutrient mix.
Aquaponics uses hydroponics and an aquatic ecosystem to balance nutrients
in both systems. I won’t be discussing the aquaponics variant in this video.
Strictly speaking, the term vertical farm could be used in reference to structures
that grow food on multiple levels. This could range from small-scale hobby
spaces, to large automated buildings. So let’s quickly take a look at which
versions of this technology, have the most promise to positively impact our
global issues. For many, the image of the vertical farm is a city skyscraper
filled with fruit vegetables trees and perhaps even animals. Whilst some look
amazing, it can be hard to argue that these images lend credibility to the
vertical farming concept. Skyscrapers represent very expensive real estate and are usually reserved for high-value activities. Growing fruit on trees or
rearing animals humanely, have a low value density. This isn’t a problem if
you have acres of cheap land to produce on, but it
is if you’re using premium real estate. Even if you’re growing a dense premium
crop, the cost of growing also increases exponentially with height. The
requirements to pump water and move biomass vertically, takes considerable
energy. This may be insignificant for a ten level farm, but would likely be
prohibitive for a farm with hundreds or thousands of levels. While there are a
number of architectural concepts for skyscraper farms, as yet, only one is
being built. The world food building is currently under construction in
linköping Sweden. While information for this building is limited, even if it
achieves its target costs of 40 million dollars, It is highly unlikely to recoup
that money with its production capacity of 550 tons of vegetables per year. Wall
farms and rooftop farms often share a similar visual appeal to skyscraper
farms. Unlike skyscraper farms, these don’t displace existing real estate.
Instead, they aim to utilize unused spaces to grow food. As such, the cost of
adding these types of farm is often minimal. Many of these farms are created
by hobbyists and double as Gardens. As such, the addition of green space to the
urban environment is considered a welcome one.
While this may seem like good news, the amount of usable surfaces for growing food, is
extremely limited. In fact, Dickenson Despommier, the man who is credited with
inventing the term vertical farm came up with the concept, after his students
calculated that rooftop farming could supply just 2% of 2015 New York’s
population, by fully utilizing all of its rooftops for growing. This is when he
turned to the idea of skyscraper farms. Even if we utilize all usable rooftops
in the world, we would only be able to save a fraction of a percent
the global land. so while rooftop and wall farms aren’t a bad use of otherwise
wasted space, their ability to affect the global challenges are negligible. Vertical greenhouses are largely
transparent structures, that utilize multiple growing levels. One of the
challenges that is introduced by stacking greenhouse levels on top of
each other, is providing enough light as the glass or polymer structure already
absorbs some of the sunlight and stacking vertically increases the risk
of shadows. Vertical greenhouses can get around this problem by rotating the
levels, to get a relatively even distribution of sunlight. By adding
supplementary artificial light, vertical greenhouses
can grow to higher plant density than a typical greenhouse.
Although capital costs and electricity costs are higher. This makes them better
suited to urban environments, where land is at a premium. Vertical greenhouses
essentially allow you to move production closer to consumption. Both horizontal or
vertical hydroponic greenhouses are promising technologies, that will help
comeback the global challenges, as they require 10 to 15 times less land and
water than traditional agriculture. Given that commercial hydroponic greenhouses
are a relatively mature industry, their viability and scalability is not in
question. These greenhouses can grow a broad range of fruits and vegetables but
are not used to grow staple crops such as wheat, which accounts for the majority
of land and water demand. They’re also partially exposed to the climate and
local light levels, which makes them expensive to run in some areas. If we use
greenhouses to produce our global vegetables and some fruits, we would save
less than 2% of our global land, barely enough to offset a projected 2050 land
loss and less than half of the 55% increase in water demand. While
greenhouses may alleviate some of the global challenges, it’s not enough to be
able to prevent the worst of the problems. If we really want to stop and
reverse the global challenges, we will need a more radical approach. Plant
factories are the most technologically advanced version of the vertical farm. They are airtight, highly climate-controlled buildings, with a co2
enriched atmosphere. They’re essentially clean rooms, like those used in drug or
satellite production. Production rooms contain plants on multiple levels, they
are sealed and thermally insulated with no windows. Relying on 100% artificial
lighting. they’re aero, or hydroponic, where transpired water vapor from the plant is
captured and condensed recycling it back into the hydroponic nutrient mix. They are
typically warehouse size buildings, no more than a few stories in height. Plant
factories offer the greatest level of land and water savings of all vertical
farms. They also have the highest level of control and growing conditions,
meaning that they can grow any type of plant, in any region of the world. They’re
not exposed to bad weather or failed harvests, this gives them the potential
to have the greatest impact on the global challenges. Therefore, for the
purposes of this video, when I refer to vertical farms, I’m talking about plant
factories, as they are the most viable version of this technology, although as
we will discover, plant factories introduce their own challenges. While
they have a greater level of real-world practicality, they still face criticisms
around cost, real estate and energy consumption. So how valid are these
criticisms? In order for vertical farming to positively change the world, it needs
to be technologically feasible, environmentally sustainable (or at least
better than current practices) and economically viable. While this industry is still in an early
phase, from a technological standpoint vertical farming works. While it is true
that the current farms focus almost exclusively on leafy greens and herbs,
pretty much any crop can already be produced this way, with existing
technology. Vertical farms use less water than traditional agriculture, a lot less.
In the best vertical farms, one kilogram of lettuce requires 1.2 liters of water.
This is especially impressive given that lettuce is 95% water. 1.2 liters is 17
times better than a normal hydroponic greenhouse and in stark contrast, field
grown lettuce requires a staggering 237 liters per kilogram of lettuce. That’s
200 times more water! The water saved has the potential for a huge positive impact
on water security and reversing wetland destruction. Vertical farms don’t need
pesticides, they require little fertilizer and don’t have uncontrolled
agricultural runoff. These factors combined is great news for freshwater
wildlife. Since they can be built near population centers, proponents of this
technology often argue that urban farms allow for a reduction in carbon
emissions, due to a reduction in food transport. While this is largely true, the
extent of the benefit is often exaggerated from a climate perspective.
Food transport makes up a relatively small portion of agricultural emissions,
the real environmental opportunity for vertical farming, is the potential to
return farmland to forest and shrub land. This will be a massive benefit for
wildlife conservation efforts and also has promise for significant global
carbon sequestration. But how much land can it save? This technology has a vastly
greater yield for a given area, with the cutting edge farms having a growing
density over 100 times greater than field grown.
This has enormous potential for reversing deforestation and habitat
destruction. There is an elephant in the room however, vertical farms trade energy
for density control, it’s how they achieve massive yields for a small area of land.
Artificial lighting accounts for 80 percent of the farms energy costs, based
on the current global energy mix, most of that energy requires carbon emissions to
produce. So on balance, are plant factories good for the environment and
can they be solar-powered? This is something we will investigate in the
next video. Vertical farms can be expensive to set up, especially if you
want a big operation. Running costs can be high from a labor and electricity
perspective. While labor costs decrease with the scale of the operation, it is difficult
to shrink the electricity costs. Plants need light energy to grow, in a field the
sun provides it for free, in a vertical farm, it must be supplied.
Since leafy greens and herbs have a low light requirement and reasonable profit
margins, they are much more economically viable. There are hundreds of them in
operation around the world, some of them are massive in scale. Capable of
producing 30,000 heads of lettuce per day from a single farm. A 2014 study
of 165 Japanese vertical farms found that 25 percent were profitable, 50
percent were breaking even and 25 percent were making a loss.
These are promising numbers for such a new industry. Rapid technological
improvements and a greatly expanding knowledge base, have greatly improved the
profitability in just the four short years since the study. In fact, the
question is no longer can a vertical farm work but how big can this industry
get? and, will this industry ever grow more than leafy greens? Despite being in its infancy, this
technology already accounted for one percent of Japan’s lettuce production in
2014, from 165 vertical farms. While the number of farms has increased
significantly since then, so has the size of the farms. This year, a single farm
opened which will supply 0.6% of the whole Japanese
lettuce market. In 2015 the vertical farming industry was worth 1.15 billion
dollars, in 2020 its projected to be an industry worth over 13 billion
dollars. Just last year the US firm plenty, raised 226 million dollars, with
their plan to roll out their farms near every major US city. With investment from
the world’s richest man Jeff Bezos, it’s a significant statement for the
industry. But it’s not just the big companies. For eighty-five thousand
dollars, you can buy a shipping container with a fully installed farm inside and
it’s delivered directly to you. this container requires 1% of an acre
but can produce 20% of an acres worth of produce. This low cost of entry makes
vertical farming very accessible to entrepreneurs and many are getting
involved. A lack of investment certainly isn’t this industry’s barrier to growth.
but what about market size? any of these operations focus on the
premium end of the market because they are capable of delivering the highest
quality produce but they also focus on it out of necessity. Since the bigger
profit margins afforded by premium products, offset the labor and energy
costs of the operation. While this is good news for current businesses, plant
factories will have to compete on price with traditional growing methods, or its
ability to impact at a global level will be severely limited. Only a small
percentage of the market is willing to pay a big premium for high-quality
environmentally-friendly products. The more vertical farming shifts to the
right on the graph, the bigger the size of the market becomes. For the leafy green
market, the cost of production is shrinking fast. As of 2018, a number of
vertical farm products are cost competitive with the market, although
many are still sold at a premium to enhance profits. Taking a look at a
suburban medium-sized farm from Japan 2015, we can see just how close to market
costs they were. They were able to sustainably sell at a price just 12
percent above the country’s wholesale price. Looking into their costs, we get a
sense of the opportunity at hand. In fact, the cutting edge plant factories are likely
to have a cost breakdown that looks more like this. Year on year, yields continue
to increase for given inputs and the cost of the inputs continues to fall.
The electricity, depreciation and labor costs are falling every year as
technologies continue to improve. Something we will look at in more detail
in the next video. This means for leafy greens at least, vertical farms are in a
position to corner the market. If vertical farms take over the leafy green
market, what impact will this have on our global challenges? Lettuce growing uses
over nine trillion liters of fresh water every year but that accounts for just
0.02 percent of global fresh water and lettuce accounts for just 0.1 percent of
our agricultural land usage. While the leafy green market is more than just
lettuce, the reality is it’s just a small fraction of global agriculture. To make a
big global impact, vertical farming needs to be able to economically grow a
broader range of produce, but what will it take to be able to grow more types of
food? Almost all crops can be grown hydroponically,
so in principle, vertical farms could grow almost all of our global crops. So
why aren’t we doing that? and if we could, how big could the impact be? let’s find
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check out the subreddit if you want a more detailed discussion.

Hams Across America: Pig Farmers Pay It Forward in their Communities

Today, we are here with Hams Across America
with Tennessee Pork Producers serving breakfast here at the Nashville Rescue Mission, in Nashville,
Tennessee. Today we are here at the Food Bank of Iowa,
putting meals together for Arresting Hunger. We are here today with the Missouri Pork Association,
Smithfield Foods and Prairie Fresh Pork, making a donation to the Food Bank of Missouri. Giving back to our communities is the cornerstone
of what we do. Because of our communities, we are able to
produce food to feed people. We are happy to partner with Hams Across America
to provide nutritious pork for those in need. It’s really exciting to be able to have protein
in the hands of those food insecure people because many times, that is not a product
that they get. By being able to step in and provide this
donation of 35,000 pounds of protein, we know that’s not something that they are going to
have to worry about. And for me being a hog farmer, knowing that
people are going to have hams it was really exciting. Law enforcement from across the state of Iowa
come together, and we are boxing up 800 meals to be disseminated at eight different locations
throughout the state of Iowa. The last few years, we had to purchase the
protein, which is a substantial cost for the mission. So we wanted to partner with a protein, a
commodity group that has the philanthropic background. I got in touch with the Iowa Pork Producers
Association, who put the call out for donations of pork for this event. And the response was overwhelming. We actually received enough pork in the first
donation to box up those 800 meals we needed, and we received a great response of additional
pork still coming in today. Today, I was humbled. We came into the Nashville Rescue Mission
and were given an opportunity to share our blessings we other people. It was amazing. And you don’t do this, if you don’t have a
passion for people and a passion for animals. I think giving back to my community is something
that I am supposed to do as a person. I think that we all are called to do a level
of service in some way. We look at that, and we talk about the grassroots. You know agriculture is the grassroots of
our very existence. And so giving back means counting your blessings
of everything that you’ve been given and turning around in someway giving that back to other

Market Plus: Arlan Suderman

Howell: This is the
Friday, January 24, 2020 version of the
Market Plus segment. Joining us once again
is Arlan Suderman. Arlan, welcome back. Suderman: Good to be back. Howell: You’ve got your
first Market to Market broadcast under your
belt now, very exciting. Suderman: I feel
like a veteran. Howell: (laughs) Well, you
definitely are when it comes to analyzing the
commodity markets. One commodity we did not
get to touch on during the main program, Arlan,
was the cotton markets. They’ve had kind of a
down week this week being really beat up it seems. Suderman: It was a rough
week for the cotton market and trading around that
70 cent level now on the board. And there’s a couple of
stories that are related that are really impacting
this market is farmers in the South are getting
really close to finalizing those planting decisions. And certainly one would be
the Phase One trade deal with China. China is definitely going
to play a role in the global cotton market. How much are they
going to be purchasing? And what are we going to
see them purchase from the United States? But related to that is
the coronavirus story. If coronavirus becomes a
significant problem in China a couple of aspects
that plays into it, first of all means that it slows
down commerce in China, is a drag on their economy
which is struggling anyway, could pull them
into a recessionary situation and some of
those purchases that contain cotton in them
would be considered maybe discretionary purchases,
might slow down as purchases. You also look at the crude
oil market that broke hard this last week, partially
because of coronavirus, because if people aren’t
traveling they’re not consuming oil, they’re not
consuming energy and we obviously know that one of
the big alternatives to cotton is the polyesters
and some of the manmade fibers. And so as they become
cheaper then that becomes more competition
for the cotton. So really China related,
coronavirus related, need to keep an eye on
what’s happening there. Howell: Okay. And you also mentioned
that we’re waiting to see kind of where acres sum
up for the 2020 year. It’s crazy that we’re
already talking acreage when we still don’t have
some acres harvested in the Dakotas and what not. But Arlan, what are you
looking at, I know Informa released some acreage
numbers that seemed pretty high compared to
other expectations. Where are you putting
acres for corn, soybeans, wheat and cotton for the
2020 growing season? Suderman: I think we could
see cotton come up a little bit in here again
those final few percentage points can shift depending
on what the market does here over the
coming weeks. But when we look at corn
and soybeans between those two crops we have really
been right around 178.7 million bushels acres for
the two combined over many recent years with the
exception of last year obviously. I anticipate us trying to
get back to that level. And I was at about 92.2
million acres, then December corn hit the $4
level and I raised up to 94 million, which
is lower than some. But I’m not quite as
aggressive, I don’t think farmers are going to be as
quick to expand above that as what some do. That puts soybeans at
about 84.6 million bushels, million
acres combined. So that increases the
soybean supply, increases corn supply, puts the
requirement that we do get some more demand in there
in order to have a reason to sustain a rally, be
looking to China for that. Wheat I thought we would
come down a little bit more than what USDA says. I was about a half million
acres below where USDA said. I think we still
may see that. We’ve got a lot of
problems still in the Southwestern Plains where
we may not get harvested, some wheat still trying
to sprout or waiting for moisture to sprout, could
be a problem and we’ll really need to see what
happens in the spring wheat belt as
far as acres. You mentioned the corn
that is still not harvested in the Northern
Plains, we could end up with the heavy snow pack
they have some of that maybe not be harvested
until April or even May if some of the weather
forecasts we see kind of hold out true. I hope that’s
not the case. Howell: Yeah, I hope so
too for those farmers’ sakes. But Arlan, you mentioned
USDA there, so we’ve got a question talking
about just that. We’ve got a question here
from Ken in Nebraska. He said, what is your take
on the revisions USDA did with corn, feed and
residual from previous growing seasons and what
it might mean for grain markets moving forward? Suderman: Yeah, I’ve been
a big defender of USDA NASS. There’s two divisions
of USDA to put out the numbers. There’s WASDE, which is
given permission to use judgment and we’ll argue
with the judgment at times. USDA NASS is really stuck
behind their numbers. I may disagree at times
with the processes they use to get those numbers
but they had a system in place and they’ve always
tried to stick to the integrity of the process
and report the numbers as they come. They deviated from that
somewhat in this last report when they went and
backward revised down the September 30 stocks report
107 million bushels because they thought the
feed usage number needed to come down. They didn’t really have
data to back that up, that came from surveys, they
just thought it needed to be so they used judgment
and that is a deviation. And I asked Lance Honig,
head of the crops division, when is the last
time this has happened to this extent. He says, well I can’t
remember another time when we did. And that makes it more
difficult to defend them in that process. I would rather they stuck
with what the numbers said. I do think that WASDE is
underreporting feed usage, a lot of people want to
say last year’s crop, or the ’18 crop was smaller
than what USDA reported. I think the bigger issue
is the size of demand. I think feed usage is
actually larger and that means that tighter stocks
to use ratio and would have a better more
positive impact on prices. Howell: Arlan, since you
mentioned demand there obviously that is one of
the biggest drivers of prices and we’ve got a
question here from Steve on Twitter wanting to know
what will be the signs of real demand in
corn and soybeans? Suderman: On soybeans
first I think if we’re going to have hope of real
demand in the next six months we need to look to
the domestic market for the crush. The problems with the
crusher in Argentina having financial problems
is sending more business our way. We are seeing
tighter oil supplies. And then related to this,
I’ll move over to corn now, I don’t expect to see
massive sales of corn to China. It could happen but I
don’t expect that, maybe 1 or 2 million metric ton,
which would be 40 to 80 million bushels. That is really not going
to change the marketplace. But the opportunity is
there for significant ethanol and DDG
sales to China. If they do that that would
obviously help margins in the ethanol industry. But we were exporting
really a couple of years prior to the trade war we
were exporting up to 7 million metric tons
of DDG’s to China. If we would go back
anywhere close to that level that would
dramatically increase the demand for soy meal here
in the United States. So that’s what I’m
really watching for. I think that is the key
is watching for DDG and ethanol exports to China,
that will help both corn and soybeans. Howell: Arlan, I know you
guys have a lot of offices all over the world. Tell me a little bit more
about why you don’t think China will be
importing any U.S. corn any time soon. Suderman: Well, China
first of all doesn’t want to if they don’t have to
because one of their main objectives is raising the
income level of their rural population. So they want higher prices
in China and they have been looking at $7, $8,
$9 corn prices there. They want to keep that. If they flood the
market with U.S. corn then that suppresses
their prices and farmers quit producing. But the other hand is
African swine fever is hurting demand. They are still consuming
more than they produce and so their supplies
are coming down. USDA a little over a year
ago upwardly revised the size of China’s stocks, we
had talked to them prior to that, they overdid
it, went too far. We believe the size of
China’s reserve is about 56 million metric tons,
about 2.2 billion bushels, similar to U.S. stocks and that is really
pretty small relative to demand and I think once
they start stabilizing livestock production there
demand is going to be there but also
demand for ethanol. Howell: So there’s
definitely some differing of opinions between the
USDA and the commercials, that is indicated with
basis and a little bit with what you’re
saying as well. We’ve got a question here
from Mitch in Hull, Iowa. He said, if we really
produced the corn crop the USDA says we did why are
cash basis levels so tight? Suderman: Well, one reason
cash basis level is so tight, the other argument
would be is that farmers are cash flush from the
government so they don’t have to sell
so they’re not. And we need to have over
250 million bushels per week to feed the
supply pipeline. But I think it’s both. I think the crop is
smaller but we can’t focus our marketing decisions on
what we think, the market is going to trade
what USDA says. Going back to 2009 we had
another late, wet, low test weight crop and in
that year in the June 30th stocks report we had a
bullish surprise in the stocks report that
inferred that feed usage was over a half billion
bushels larger than normal during that
preceding quarter. And I think we’re looking
at a similar surprise in either the June 30th or
the September 30th report or maybe split between
the two this year because first of all you take a
wet, low test weight crop, and I presented this to
USDA back at that time and they actually did a study
to see if they wanted to change their procedures
and I talked to Lance Honig in November, he
said no we didn’t change anything, we’re just going
to do the best we can again. You take a low test
weight, wet crop and put it in the bin, you take
a lot fewer bushels out because there’s a lot of
shrinkage in that bin than when you dry it. And so farmers are
reporting more production than they really
had in actuality. The other factor is it’s
low test weight because it has a low starch content. That requires more bushels
to make the livestock gain or the ethanol produced. One livestock producer is
telling me he’s having to feed 2% more corn in order
to get the gain that he needs and I think we’re
going to see that and that wasn’t even the lowest
test weight corn. I think we’re going to see
higher demand and lower stocks come out as we
go through the year. Howell: Okay, Arlan,
I’ve got a good kind of softball question then to
end things on for today. We’ve got a question from
Matt in Amherst, Wisconsin wanting to know which
commodity has the most hope and which has the
least hope for the 2020 season? Suderman: I put that
question out in one of our Twitter surveys and it
came out pretty well evenly split among farmers
and what they think. Because of African swine
fever I’m less optimistic about soybeans unless we
can sell a lot of DDG’s to China and increase
consumption of soy meal here in the United States
sufficiently and continue to have problems
in Argentina. Wheat I think will see
some increased business but we’ve got a bigger
supply there and a lot of competition in
the Black Sea. So I think corn has the
best opportunity and what I’m really watching for
again is whether China makes large
purchases of ethanol. Our ethanol freighted to
China is a little over $2 a gallon. That is almost half
their gasoline prices. So the math works
for them to do it. It’s just will they do it. And we know our buyers
over there saying they want our DDG’s if China
will just allow them to have it. Howell: All right, Arlan
Suderman, thank you so much. Suderman: Thank you. Howell: Join us next week
when we’ll look at how a group of beekeepers are
using groundbreaking methods to fight colony
collapse disorder and Elaine Kub will sit across
from me at the Market to Market table. Until then, thanks for
watching, listening or reading. I’m Delaney Howell. Have a great week!

Market Plus: Ted Seifried

This is the Friday,
January 3, 2020 version of the Market Plus segment. Joining us once again
is Ted Seifried. Ted, it feels weird to
say 2020, doesn’t it? Seifried: New decade. Howell: New decade
and new year. Ted, we’ve got a lot of
questions to cover today so we’re going to do a
rapid fire if that’s okay with you. Seifried: Let’s do it. Rock and roll. Howell: All right, we’ve
got a bunch of questions about the January 10th
WASDE report coming right up. We’re going to kick it off
here with Craig in Iowa. With next Friday’s WASDE
report do you see any limit moves either
in corn or soybeans? Seifried: Hi, Craig. It’s possible. I think the trade is
very much keyed into the production numbers. That might not be where
the fireworks are though. It might be the
quarterly grain stocks. If the corn quarterly
grain stocks number comes in well below expectations
it would go a long way to explaining the tightness
in basis that we had seen and that would potentially
be your limit move. I don’t know what would
give us a limit down move aside from a 174 national
average yield but I don’t anticipate that. I suppose it’s possible. Howell: Ted, why would we
see a tightening in those grain reports? Seifried: The
quarterly grain stocks? Maybe the corn is just,
the corn that was expected to be there might
not be there. That’s certainly what a
lot of rumors have been around the country as far
as why is basis so strong? Where is all this corn? Another answer to that
is possibly it was a very late harvest and what was
coming in was very high moisture content so it
wasn’t the fact that we couldn’t find corn so
much as we couldn’t find available corn
ready to use. That’s part of it. But another part of it
might very well be corn wasn’t there. Howell: All right, Ted,
taking our next question we’ve got Darren coming
in from us on Twitter. What are the odds that the
January report won’t be bullish for corn but we
kick that can down the road until September
favoring the end user? Seifried: Yeah, so I think
there’s a good chance that this report isn’t
bullish from a production standpoint. I think the expectations
are going to be too bullish. We haven’t seen the
expectations yet, we’ll see that early next week. I think Monday is the
deadline for all the big polls. So we’ll see it Monday
afternoon or Tuesday. But I think the
expectations are going to be really rather bullish. I don’t know if we’re
going to see big changes from the USDA on this one
even though I think there should be, a lot of us
think there should be, I don’t know if that’s
what is going to happen. So maybe it’s
disappointing. But keep an eye on that
quarterly grain stocks number. That might be the one
that really motivates us. Otherwise we might shrug
that off with the idea that hey, if the trade
deal is good, if we’re exporting an extra 5 to
10 million metric tons of corn to China that does a
big thing to the balance sheet and our export
number, I think there’s still reason to be
optimistic for corn. Howell: Okay, Ted, we’ve
got just a couple of other report related questions
coming to us from Tim in Yarmouth, Iowa. Do you think any reports
play into the CBOT and funds in the market? Seifried: Do they play
into the CBOT and funds in the market? I’m not sure I understand
the question to be honest with you, Delaney. Howell: Okay, we’ll take
a different one, Ted. We’ve got one other one
here coming to us from Troy in Tama, Iowa. With all the corn standing
in the fields in the Dakotas will the USDA
add that to the on farm storage number to make
up a number for ending stocks? Seifried: No. Officially that is
on farm storage. So that is how the
USDA counts that. Howell: Ted, let’s switch
tracks here just a little bit looking at a
bigger picture thing. Obviously we’re in 2020
now, we’ve got to talk about some bigger
picture things. We’ve got a question here
from Terry on Twitter saying, do any of the
other commodities have enough strength to take
acres away from corn and soybeans this spring? Seifried: Cotton is
an interesting one. Wheat is interesting. Howell: Tell me more. Seifried: Well, wheat has
had a really nice rally off the lows and Chicago
wheat has gained on corn pretty significantly. Does that mean we go and
plant an extra three or four million
acres of wheat? No. But wheat acres could
be back up a little bit. We’ll see on winter
wheat seedings. I think that will give us
a very early indication of how we’re leaning, just
how we’re feeling about wheat in general. But no, I think the
row crop is very well established, we know that
we’re going to have close to 180 million acres there
one way or another next year as long as we
can get them planted. It’s just a question
of how the mix happens between the two of them. And I think there were a
lot of people that were expecting maybe 96 million
acres of corn and 84 million acres of
soybeans a few weeks ago. But if this trade deal
goes through, again, looks like it is, I’m confident
in it, we might have to plant 100 million
acres of soybeans. I don’t think
we’ll do that. But that might get us
closer to that 90/90 mix that we had seen
in years past. Howell: And Ted, what are
the implications do you think for the markets if
we do not see that January 15th signing happen? Seifried: I don’t think
that’s, I think we’ll see it. If we don’t see it it’s
not a huge crushing blow to the market because
we’ve been very skeptical about it, although
yes, we would be down. But would we be down
two or three dollars in soybeans? No. Again, I don’t think we’ve
really factored in that deal as a certainty so
yeah it would be bad but it wouldn’t be
a train wreck. But I think that
deal happens. I’m not making contingency
plans for it not to happen. I’m very
confident it will. Howell: Okay, Ted,
we’ve got to keep going. We’ve got a lot
of questions. You’re a popular man to
answer questions this week. We’ve got another one
from Paul in Iowa, @NEIowaFarmer on Twitter. What is your target on
the board for May soybeans stored on the farm? Seifried: Hey, Paul. $10.25 for me. Howell: All right,
easy answer. I like it. Let’s move on. We’ve got a fun one here,
Ted, because you did not wear your corn hat today. You had some viewers that
were disappointed by that. Lexi wanted to know does
the no corn hat mean you have a bearish tone for
the January 10th report? And also with the
potential Chinese buying or lower U.S. production could this
tighten ending stocks even further? Seifried: Hi, Lexi. No, I’m not bearish corn. I do think that we can
have a disappointing reaction to what we
actually see on the January reports because
again I think our expectations are a
lot, a lot of people’s expectations are going to
be for massive sweeping changes on production and
I’m not so sure we’ll see that. But no, I’m friendly corn. I think there’s a lot of
good reason to be friendly corn. I think the U.S. dollar is going to
continue to be under pressure here this year. I think our exports are
going to actually end up being quite a bit better
than what we’re currently thinking. I think ethanol is
going to do all right. Feed is a very
strong category. So I’m friendly for corn. What was the second
part of her question? Howell: The second part of
the question was with the potential of Chinese
buying or lower U.S. production could that
tighten ending stocks even further? Seifried: Yeah, so Zaner
Ag Hedge’s expectations for this January report is
for 1.795 billion bushel carryover. I think those ending
stocks numbers could shrink down to 1.5 to
1.6, somewhere in that neighborhood. That’s not $5 corn but
it’s probably $4.40, $4.60, somewhere in that
neighborhood, maybe close to the highs that we had
seen back late spring into June. Howell: And what are you
expecting for soybean ending stocks? Seifried: So we’ve got
soybean ending stocks going to 490 on this
report, bumping production ever so slightly a little
bit higher yield, which is contrary to what I was
thinking when I was going out on crop tour. That being said,
ultimately when all is said and done I think
our soybean ending stocks could be well below
200 million bushel. We’re talking pipeline,
possibly below pipeline if China buys what they say
they’re going to buy. I’m not sure we have the
soybeans to sell China to get them to the numbers
that they need to hit under this deal
or whatever. And so like I was saying
earlier, I think there is an explosive potential
in soybeans here. We could be talking $12
soybeans at some point. And if that’s the case and
if it happens before we really make our final
decisions on acreage you could be seeing a big push
towards soybean acres. We might actually
need that. I don’t know if it will
happen in that timeframe though. And if it doesn’t then we
could have another year next year, 2021, where
things get really interesting as well. Howell: Ted, you’re going
to get people really excited by saying
$12 soybeans. Seifried: Oh yeah, so that
being said, we’ve had a nice rally off of lows. It is a good idea,
especially if you still have old crop soybeans
laying around, let’s take advantage of that and then
look for pullbacks like we saw on Friday to come
in and reown, own calls, things like that. So you’ve just got to
play these markets. But definitely take
advantage of the rally off of lows. I’m not saying don’t sell
cash, to the contrary. I think guys should be
more aggressive selling cash on this rally
than they have been. But there is reason to be
optimistic so this year maybe more than any year
we’ve seen in recent history is a great year to
be looking at reownership strategies. Howell: Okay. Ted, I’ve saved one of the
best questions I think for last here coming to us
from Matt in Anamosa, Iowa. With corn test weights
lighter, how much corn will it take to feed
cattle and for ethanol is any taking this
into consideration? Seifried: Yes. So that is a very
good question. Yes, the idea is that yes,
the lower weight corn, in the Dakotas in particular
you’ve got a lot of three and four grade corn. That is going to have to
be blended a lot more and then yeah, we’ll probably
have to feed, feed rations are probably going to have
to increase weight wise. So yeah, that should be
better for demand for feed. Feed demand I think is
ultimately going to be better than what the USDA
is currently looking at and that’s part
of the reason why. As far as ethanol is
concerned, there’s a lot of question
marks out there. But same thing as we
were talking about feed, ethanol or corn as a feed
stock for ethanol, lower test weights mean we’ll
probably be using more bushels. Howell: Ted, I’ve got to
ask you too since you’re kind of our ethanol guy. What do you make of the
big 5 or the big ADM, Bunge getting
out of ethanol? Seifried: It’s an
unfortunate situation that has been created by this
administration’s EPA. It’s not a problem
that has been fixed. There’s been Band-Aids
I think put over it. But if you look at ethanol
prices they have gotten better. Our production is coming
back a little bit. Ultimately as far as those
companies are concerned that was their decision
and what they want to do is they want to make
their stock prices higher. They thought that was the
way to do that or a way to do that. That’s fine but I think
the ethanol industry as a whole is a very good
industry, especially if the dollar is coming down
and we can get the ethanol export market
rolling again. Ethanol can be really
quite profitable. So I think the ethanol
industry is going to be good going forward with
the trade deal for China and the potential
for a lower dollar. Howell: Sounds like pretty
bullish sentiment from Ted Seifried overall. Seifried: For ethanol yes
and therefore for corn demand yes. And look I think there’s
a good chance that two or three years from now we
look back at the end of 2019 and the beginning
of 2020 as where things changed in American
agriculture. We’ve gone through years
of I’m not going to say struggle, for some of us
for sure it has been a struggle, weather wise
certainly last year was a struggle, but financially
is more what I’m talking about. But I think things start
to get better again. Maybe we just hit the low. Maybe we didn’t. A lot of that is going to
depend on what happens, in my mind the dollar is
maybe the biggest driving force, but certainly the
trade deal with China. And do they live up to the
promises that have been made? If they do that, wow I
think things can look really good for a while. Howell: Ted Seifried, a
great beginning of the year discussion. Thanks so much
for joining. Seifried: Yeah,
my pleasure. Thanks, Delaney. Howell: Join us next week
when we’ll look at the debate over protein levels
in livestock feed and Dan Hueber is back at the
Market to Market table. Until then, thanks for
watching, listening or reading. I’m Delaney Howell. Have a great week!

Agriculture Engineering Career and Opportunities – Field Salary Career Colleges by BrainChecker

Hey there welcome to the YouTube channel of BrainChecker, India’s largest career counseling company, if you love our
content and wish to remain updated please subscribe to our channel and
press the bell icon for instant updates. The career we will be discussing today
is agriculture engineering. Our entire video would be divided into five
sections as displayed. Introduction, which would give you a brief idea about that
field. Nature of work, brief regarding the actual work one needs to perform in the
field. Eligibility and professional courses available, a list of possible
courses in a given field along with a list of specializations available.
Colleges which are offering the said courses career prospects and salary in
the future would be discussed. I would like to point out that the data given in
this video is not exhaustive in nature and has been made for educational
purposes only students are requested to perform their
own do research before choosing a career you can check the description for
additional details so let’s begin Introduction. The job of agricultural
engineers is to develop equipments and machines which can be used during
production transportation processing and storage of agricultural commodities and
farming processes field engineers deal with land resources, water drainage
systems, crop irrigation systems and their subsequent execution service
engineers are normally dealing with the after sale service support repair work
and prior installation of the set equipments. Now let’s go to nature of
work, the supervising creation and management of the agricultural control
systems like dairy, irrigation, drainage flood control, periodic research and
analysis, environmental impact analysis and finally implementation of practical
solutions are few of the roles which are fulfilled by an agricultural engineers
few of the specializations in agricultural engineering include food
and bio processing environmental sciences, power system design. Other
duties include finding innovative ways to conserve water like rainwater
harvesting and soil conservation, improving the produce and enhancing the
quality of the final product also comes under the responsibilities of
an agricultural engineer now let’s go to eligibility and professional courses
10+2 science with physics chemistry mathematics and/or biology is mandatory.
Entrance examinations are conducted for admission to be BE/B tech programs. In
agricultural engineering there are a few colleges which consider ten plus two
marks for their qualifying examination as well M Tech programs can be
pursued if the individual has completed the BE/ in the same discipline.
Moreover they need to qualify for gate as well now let’s go to the next section
where a few good colleges are listed you can check the description for the
detailed list. Colleges, New Delhi Agricultural University, Indian
Agricultural Research Institute Coim Batrre Punjab Agricultural University.
Moving on to the next part of the video career prospects, there are good career
opportunities in India for agriculture engineering considering the rising
population and the increasing need for high yielding and efficient methods of
farming, agricultural engineers would always be in demand. Few options include
manufacturing industries, water resource management, forestry, mining and
rehabilitation, food processing prei-urban and rural development, machine
development and many more. They can also work in NGOs or under various government
schemes. Few experienced ones can also work as specialists in private
consultants ‘as large corporations government and non-government
organizations or become engineering managers of large farms or estates
private sector agricultural cooperatives manufacturers of agricultural equipment
fertilizer and irrigation companies farming companies, industry service
organizations such as the sugar industry, NGOs, public sector Department of
Agriculture state as well as central government development organizations,
universities, institutions, labs they can hold the following post. Detailed lists
can be checked from the description Posts: agricultural inspector,
agricultural crop engineer ,researcher, agricultural specialist, agricultural
engineer shop manager. The average salary can
range from rupees 20,000 to 40,000 per month at the entry level. A lot depends
on the university you passed out from, the more reputed the university, the
higher your pay package. After a couple of years of experience an individual can
earn up to rupees 50,000 per month or more depending on the skillset
experience and performance with that we come to the end of our video thank you
for watching if you loved the video please like share and subscribe to us

Bsc Agriculture Salary Per Month India Scope of Bsc agriculture in Hindi

Bsc Agriculture Salary Per Month India Scope of Bsc agriculture in Hindi video
B. Sc Agriculture graduates can find jobs in both public and private sectors. The Gazetted post of Government of India as Agricultural Officer (Agronomist) is one of the most prestigious jobs in public sector after B. Sc Agriculture. Agriculture officer, Assistant Plantation Manager, Agricultural Research Scientist, Agriculture Development Officers, Agriculture Technician, Agriculturists, Business Development Executive, Marketing Executive etc. are some of the job profiles associated with the course. The average annual salary offered to these professionals ranges between INR 2 to 4.5 lacs.

Getting Pigs Ready to go to Market

hi I’m Mike this year the group of pigs
that are here on the ranch while their time is coming to an end and last year
we struggled with getting them loaded onto the trailer and getting them off at
the meat processor doing things smarter instead of harder is this year’s model
as we try a new approach and hang out with the Hogs today on the project list
on our Wyoming Life welcome back TO OUR WYOMING life and please
subscribe and continue with us as we explore the ranch life and escape the
ordinary I had somebody ask me a few weeks ago if we are escaping or near
ourselves or is it just something we become a routine – and is the ordinary
just our life now my answer was that there’s never an ordinary day around
here things should always be changing evolving and getting better we should
always be looking for better ways to do things and of course learning from our
mistakes a few years ago we decided to broaden our farmers market business by
offering pork the first year we had pigs we actually started with five then we
went to seven and now we’re up to ten pork could probably even be a bigger
part of our business but right now we’re pretty much maxed out number wise until
we have you know some time to build bigger and better pens and handling
facilities that’s on the list but right now we’re dealing with what we have and
if you’ve ever dealt with pigs you know how stubborn they can be piglets arrived
here on the ranch back in August since then they’ve been hanging out in their
sheds along with protection from the wind Sun and the nastiest winter weather
they were ten pounds when they came here and now quite honestly I don’t know how
much they weigh but we will find out later when we get up on the scale before
we get that far we still have to figure out how we’re gonna get them on the
trailer last year we built a portable wooden loadout chute for the pigs the
chute part actually worked pretty good the pig part of the equation didn’t work
at all Aaron and I spent hours loading seven pigs onto the trailer
they were stubborn and they didn’t want to go up the ramp at all all of our pigs
each year are pretty tame we spend a lot of time with them and I’ve never had one
that acted aggressive towards me and I’d like to think that they liked me I don’t
think that they don’t want to go up the ramp because they don’t trust me I think
they knew we wanted them to do it and they
refused to go along with our plan the ramp was new the pigs don’t trust new
things so this year we’re gonna take a little bit of a different approach and
give the pigs a chance to get used to the trailer and the ramp a few days
before it’s time to go after taking the pigs last year the ramp was removed and
put away this year we’re gonna use that same ramp and first things first get it
put into place the ramp has been stored off in a corner for the last year and of
course snow has drifted in around it getting it out might be a bit of a
challenge with the ramp recovered vennett’s off to
the pig shed and we can put it in place last year after loading the pigs we not
only removed the ramp but we covered the hole with some wood which we’re gonna
have to remove pigs have access to this side of their pens so we need to limit
their movement for a little bit so we cover up a hole in between the two sides
and secure a 4×8 sheet of particle board in place this will keep them from
escaping while we get the ramp up the wood we covered the hole with is now
frozen into the ice around the building but that’s quickly dealt with and then
the ramp can be moved into position with the pigs still on the other side we
can now go and get a trailer for them to get to used to this little box contains
a tool that I like to bring out occasionally and use on my trailers this
is a light Ranger it contains a 12-volt battery it can be used to simulate all
the trailer lights and trailer brakes and allow you to perform all the testing
functions without the use of a truck today we’re going to use it to test the
lights on the trailer that will be hauling pigs with and backing up to the
chute for the next few days the process is very simple you plug in the wiring
harness you turn it on and then you select a function that you want to test
if there’s a problem you now know it’s completely isolated to the trailer and
not the wiring on the truck end but today all looks good and the truck could
come in and bring this trailer to its new parking spot vacuum the trailer up
to the chute is a bit tricky the chute is not attached and once it’s attached
to the trailer then we can adjust the fit something else that is an attached
namor is the piece of particleboard we use to keep the pigs out of the chute
side of their pen and now here they are already investigating the chute but none
brave enough to escape completely thankfully because I don’t want to be
out chasing a pig around today with the pigs pushed back we can lift the chute
into place logging it over the lip on the back of the trailer and then wiggle
it around a bit to get it in place where we want it
before we move pigs into the trailer or at least try to let’s weigh one in order
to weigh these guys we’re gonna use a portable scale that’s good up to about
600 pounds using our old gate as a pace we can bring in a cage that’ll keep the
pigs on the scale leaving them alone with it for a little bit to let them get
used to it then we can bring in the scale base and
move a peg up on to it now we’re aiming for about 250 pounds for the pigs to go
to butcher app in this group some are bigger some are a little smaller an
average-sized volunteer does step forward and into the box and the final
results are in almost perfect with the way incomplete it’s on to the final
round and that’s opening up the trailer for these guys to move into in order to
make it a bit more homey we’re gonna move their water into the
trailer and then we’re gonna get some bread and try to coax them in just a
little bit surprisingly this group isn’t shy and
it’s not long before we have over half the group up and in the trailer now some
do hang back but it looks like we might have found a smarter way to do this work
smarter not harder with the pigs get used to their trailer it won’t be long
until we’re gonna be taking them over to Sturgis for their final ride then there
will thank them for everything that they’ve done for the ranch and
everything they’re going to continue to do over the next coming months for not
only us but for hundreds of customers we’re gonna enjoy ham bacon and more
we’ll even try to work smarter when it comes to getting them off the trailer as
we’ve gotten a few suggestions for how we can do that but for now they’re gonna
get to live it up the next project list will be their send-off and I hope that
you can subscribe and join us as the circle of life continues here on the
ranch new piglets will arrive soon along with all the new personalities and of
course new squeals that that brings along with it I hope you can join us on
Thursday for another ranch Talk livestream this week with special guest
zach johnson the minnesota millennial farmer will be joining us right here you
can get check him out on youtube he is also on facebook and instagram he’ll be
joining us Thursday at 7 p.m. mountain time ranch talk live right here on
YouTube that’s it for us today pigs are pretty much ready to go and everything
went pretty smoothly I’d like to remind you to check out to head on over to our
Wyoming and check out our website you can you can get high sign up
for the herd report but you can also check out the owl store where we have a
brand new apparel available with the new logo and it’s some pretty cool stuff
I’ll see you on Thursday but until then have a great week and
thanks for joining us Wyoming life

Market Plus: Jeff French

Delaney Howell: This is
the Friday, December 20th, 2019 version of the
Market Plus segment. Joining us once
again is Jeff French. Jeff, welcome
back to the table. Jeff French: Thanks
for having me. Delaney Howell: Jeff. We’ve got, like I said
earlier, we’ve got Christmas next week, we’ve
got a lightened holiday trading session. What are you looking
forward to here? Commodities or otherwise
for the Christmas season? Jeff French: Well, I mean
we’re, we’re going to have reduced volumes. I mean it, it started here
this week, um, but we are starting to
see an uptrend. Uh, we took out some highs
here that we haven’t seen in months in the
wheat market. Uh, we had some big export
sales in the wheat market, six year highs that we
haven’t seen for a long time. Uh, so I don’t know, it
feels like the times are changing a little bit. Uh, we do still have
plenty of old crop supplies around here, but,
uh, the one big question that, you know, I want to
get through this holiday season and, and get to
the January, January 10th final production report. Uh, so we can actually
see, you know, how big, how small, uh,
the 2019 crop was. And it might continue
because there’s still a lot of corn, uh, up there
in the North that’s still standing in the field. Delaney Howell: Jeff, when
you look at the 2020 year, it’s been noted by some
analysts and forecasters that perhaps we’re
beginning here into an up cycle instead of a down
cycle that we’ve seen here for about five years. Do you think that that’s
the case that times are really changing
in that aspect? Jeff French: Uh, you know,
it were, due, I mean, if you look at cycles, um,
bear cycles, bull cycles, average five
to seven years. So yeah, we are entering
the, you know, the fifth year, six year of
this down cycle. Um, and it can
change quickly. Obviously the weather will
be the number one factor. But you know, these trade
deals that we’ve had, I mean, these are, these
were huge barriers, uh, that was blocking demand
for our commodity. So, uh, getting those out
of the way and getting them signed into law, uh,
could definitely start an uptrend. And it could be a game
changer here moving forward. Delaney Howell: Are we
starting to see an uptrend in the cotton market? Jeff French:
Yeah, absolutely. I mean we’ve, we’ve been
on a three month, uh, rally here up to
five, six month highs. Um, you know, you had the
funds, you know, they were pressing the short side,
they wanted to see the prices go lower, uh, with
no Chinese demand, no trade deal. Well now the prospects
of that is, is a lot more favorable. Uh, but also you had some
dryness down in Texas, West, West Texas cotton
crop was really rough. Uh, and then there’s the
expectation here going into 2020 that uh, cotton
could lose up to 2 million acres. Uh, so we need to demand,
hopefully we see that here with the Chinese
trade deal. Uh, we’re right up against
resistance, but you look at a may cotton taken out
70 cents, we could easily run that market up
to 74, 76 cents. Really quick. Delaney Howell: Jeff,
since you brought up the acreage discussion, we’ve
got a question in this week talking about
acreage, which seems crazy because we’re still 2019
here, but we’ve got a question here from Bradley
and Upland, Nebraska. And I’m going to add on to
just a little bit of his question here. But he said, could the
struggling wheat acres planted, not sprouted and
Kansas become corn acres next year. And I want to add to that,
if we do lose 2 million acres of cotton, what
commodity is that going to replace with? Jeff French: You know,
time will tell, uh, first part of the question, if
it’s planted wheat, uh, I don’t see them going in
and planting anything, you know, uh, digging that up,
you know, repairing it. I think the cotton or
the, excuse me, the wheat that’s planted in Kansas,
a lot of that ground, uh, is most suitable
to grow wheat. Um, and we are at an
estimated 110 year low acres, uh, that’s going
to be planted for 2020. So, uh, from that
standpoint, it is fundamentally bullish. Um, but we need to see
demand and demand here lately has been
lackluster at best. Uh, so we’ll just have
to see what happens here going forward. Delaney Howell: And what
about the cotton acres that you said could
see 2 million acres? Switchover? Jeff French: You know, I
think time will tell on that. I think this spring has
a potential to be a great acreage battle, uh,
because if we do get the Chinese trade deal and we
do see the Chinese demand, they actually follow
through with the deal. Uh, the beans are going
to make, in my opinion, a major run. And you know, the baseline
projections right now are 94, 95 million
acres of corn. I think the beans will
have something to say about that. If the Chinese come up,
just start buying the beans. Delaney Howell: Favored by
everybody to be the real winner here in the U
S China trade deal. I was looking at some, uh,
real results here from JCI at China’s top private
exporter, looking at, okay, what’s going to be
part of that $40 billion ag products or ag package. And we’ve got a question
here from Matt in North Dakota wanting to know, do
you believe the trade deal will give China the
confidence to buy our products and will they
purchase US beef again closer to the
pre-2003 levels? Jeff French: You know,
that’s a, that’s going to be hard to say because you
know, I, I believe trying to right now is
buying US beef. Uh, they are bringing
it in through Hong Kong. If you look at the weekly
exports, you see Hong Kong on there now it’s, it’s
not on a big level, uh, but they are buying it. Uh, but the one thing you
have to remember, um, uh, about China beef demand in
China meat demand, it is, it’s all hormone free. They have a very strict
policy on hormones and that takes a lot of our
cattle out of that market. But then if you look at
our all natural cattle here, um, when you compare
it to our competition, the Brazilian cattle are
still about 40% cheaper. So I think it will be, you
know, the, the spillover buying that we could
potentially see in the pork will definitely spill
over into the beef market. But Chinese, Chinese
directly buying from from us beef. Uh, we’ll have to see. Delaney Howell: Okay. Jeff, we’ve got another
question here from Tim and Crookston. Minnesota. What would disrupt
corn and soybean export projections for 2020? Jeff French: Uh, well,
what export inspect. Yeah. I mean the Chinese trade
deal would be the biggest thing. Um, but also a
disruption in production. Um, you know, if we have
less production, you know, that’s going to cut
into the exports. Um, but also the U S
dollar, if it continues to move at historic high
prices up here, uh, that will make all of
our commodities more expensive. So, uh, that will be the
number one thing, I think moving forward,
the trade deal. And the U S dollar on
the U S on the exports. Delaney Howell: Tell me a
little bit more about the US dollar and where that
currently sits and how that’s impacting
our exports. Jeff French: Well, it’s,
it’s been near all time highs here for awhile. It’s been very strong. Um, and that’s more
of a security issue. I mean, if you’re going to
hold dollars, I mean ours is the strongest in the
world, uh, but it had a big correction because the
Chinese trade deal, uh, that will make the Chinese
dollar a lot stronger and we saw that a
big correction. So, you know, maybe
that started something. Uh, but that will be a big
determining factor for our exports. Delaney Howell: Jeff,
we’ve got just one final question here for you
coming to us from Jamie in Spencer, Iowa. How long will the ride
continue up in prices? Jeff French: Well, I mean,
that’s something that we’ll just have to see. But you know, it’s, it’s
one of those things where if we are going to be
breaking out of the downtrend here and it’s
been long downtrend, um, you know, these trade
deals, I mean, if they are implemented correctly and
followed through, uh, I think it could be an
absolute game changer here moving forward. So, uh, hopefully it,
you know, 2020 is a great start to it. Delaney Howell: And Jeff,
this is just a question I have to end things besides
the trade deal with China. And besides the January
10th was your report, what are the other big
fundamental factors that you’re watching
here in 2020? Jeff French: Well, it’s
going to be the weather. I mean we are wet. Uh, we went into this
weather, uh, winter, extremely wet. Uh, so we’ll have to see
how spring, uh, develops because you know, to get
94, 95 million acres of corn in the ground, uh,
we’re going to have to have an early spring
and a dry spring. So, uh, right now it
doesn’t look that way, but we’ll just have to see. But it’s definitely going
to be the weather and mainly the wetness
that we’ve seen. Delaney Howell: All right. Jeff French. Thank you so much. Always a pleasure. Jeff French: Thanks
for having me. Delaney Howell: Join
us next week when we’ll explore how a hemp green
rush could make or break perspective farmers and
Tomm Pfitezenmaier is back at the Market
to Market table. Until then, thanks for
watching, listening or reading. I’m Delaney Howell. Have a great week. Trading in futures
and options involves substantial risk. No warranty is given or
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