Market Plus: Sue Martin


Howell: This is the
Friday, December 6, 2019 version of the
Market Plus segment. Joining us once
again is Sue Martin. Sue, I’m sorry I had to
cut you off right there at the end of the program. We were talking about the
hog market as it relates to proteins and how it
is impacting really the global protein market. Martin: It is. In fact, it’s rather
interesting because the United Nations World Food
and Agriculture Service or organization came out and
indicated or said that global food prices
increased about 9.5% from January to current
compared to a year ago. That’s a big jump and of
course a major portion of that is protein
or meat prices. And then veg oil
is another one. And so when we look at
China and the demand that they have and we look at
the cheap, I should say the oversold implied
bullish consensus up 14% and the lowest since
either August 2009 or August 2005, it’s one or
the other, but for some time that usually,
something comes into the marketplace and turns the
market and gives you a rally. Still traders were in
disillusionment today, you couldn’t get the
futures to move higher. It seems like every time
we get some good news they use it and sell
into the hog market. One thing about the hog
market that bothers me is the fact that the deferred
contracts are so premium to the fronts. That concerns me because
they should be a little bit the different side if
we’ve got a truly demand led market it should be
being pulled from the front and not the rear. Howell: And we had a
question in this week, I’m glad you mentioned that,
because Ryan sent us a question here on Facebook
that was asking just that. Why are we seeing the
futures never close to the cash hog prices in the
December hog contract? Martin: Well, and I
think it’s because, it’s interesting, we have a
huge amount, record amount of hog numbers and yet
we’re chewing through them. They’re going somewhere
because cold storage supplies are tight in pork
and they’re tight in beef and I think poultry is the
only thing that we have an abundance of. It seems to me that when
you have a good demand led market we should be
pushing that front and that doesn’t seem to
be quite happening. Now the spread is narrowed
and that’s okay and the thing is if we had a
delivery situation in hogs like we do in cattle, in
fat cattle, that might be a little different
story but we don’t. It just expires like
feeders and then it is cash settled. So I think when I look at
the hog market my concern is that until we get
something dicey, I hate to sell it down here just
because of the low bullish consensus, but on the
same token until we get something going and
following through to where we can narrow the spreads,
and I guess that would be the thing to do is watch
the front contracts versus the deferred like June
and July and see how those spreads change. If those spreads are
getting overdone then you’ll get a flip in
the spreads and then the fronts will start to come
up and try to align better with the deferreds. But for now I’m afraid you
get one off and the other one just drops down
to align with it. And that is not
a good situation. Another thing that bothers
me on the hog market is I have these indicators that
I watch on cattle that they work very well and
they’re working on hogs too. I never used to use
them on hogs but they’re working on hogs. On a very long-term
outlook it looks beautiful for in 2020 on cattle yet
and that doesn’t mean you can’t get breaks because
we had one this year and it came right back out of
it and those indicators never quivered, but
on hogs they look the opposite. Howell: Meaning what? Martin: Meaning that the
market on rallies, it means we can get rallies,
but it means to be careful because they may
not be a bull trend. Howell: May not be
supportive for very long. Martin: Yeah. Howell: Okay. Sue, what’s going on
in the cotton market? I know you brushed up on
your cotton for us today. Martin: Well, when I
look at cotton, first off technically it is against
a trendline on the March contract from the highs
of the year which would be like June 4th or something
like that, early summer. And so we need to get
through that trendline to kind of start changing
the complexion of the marketplace. I think that when we look
at cotton, exports maybe not as good as what we had
hoped for, we had hoped to see a better export
picture going towards China and we had a little
bit it’s like a pittance, and in the meantime I
think that we could still push maybe another couple
of dollars higher or so. I’m just wondering if the
$70 level isn’t going to be a little staticky
for a little bit longer. Howell: Okay, 70 level
is what we’ll continue to watch in the
cotton markets. Sue, we’ve got
another question here. Trade was obviously a big
deal this week with USMCA, we had the trade tiffs
maybe with Brazil and Argentina, we also had the
finalization of the Japan deal. So we’ve got a question
here from Jordan in Nichols, Iowa wanting to
know, how soon will the markets respond to the
U.S./Japanese trade agreement? And how much movement in
the markets could we see out of this agreement? Martin: Well, I think
it’s a step in the right direction especially for
beef and of course Japan is a very major corn buyer
too, but beef especially. It goes to show that,
I don’t mean this politically, but it goes
to show that President Trump was right in doing
what he did when he pulled us out of TPP, the
Transpacific Partnership, because we weren’t being
treated equally as other trade partners. And this is his forte I
guess because that is what he is doing with China,
with Europe, with Brazil and I look at that one as
being a little more minor, and then the
U.S./Mexico/Canadian agreement like for dairy
it’s a big thing for our dairy producers and many
of them are hurting right now and we’re losing
dairy producers. So he had the right
thing and he’s the only President we’ve had that
has done this and these were changes he has seen
that we needed to make. Well this is step one. I guess the
U.S./Mexico/Canadian agreement is step one and
then this is step two. All of this combined just
starts to help us form the complexion of beef exports
going out the door and it isn’t probably going to
just be beef, it will probably be other things
following behind it. I guess when I look at the
whole global picture I see demand for proteins
growing and now just because China has got
their issue, I see it growing because economies
are moving and your transmoving people that
tend to eat all kinds of cuts of meat. And I think that
is a big plus. That is also going to be
a big plus in the end for corn long-term. Howell: And also rising
middle classes that can afford to buy hopefully
some of those protein sources as well. Martin: That’s right, the
more money they make, they spend it on food first. Howell: Sue, there’s a lot
of factors then that are going to impact our corn
and beans here for the next couple of months. We’ve got a question here
from Shane in Bloomfield, Nebraska wanting to know
what is the range for corn and beans to trade in
assuming that there are no big surprises? Martin: Well, if we were
to, interestingly enough the studies that I looked
at one the years ending in a zero and what have you,
I looked at old crop, I looked at July contract
and November contract in beans and I looked at July
corn and December corn. And I went back through
all of the years that I looked at whether it was
the year of a rat, a zero, the year of 1970 or a
year ending in a zero. For example, corn seven
out of eleven of those previous that I have data
on, and I got that data off of the USDA, so when
somebody tries to say oh there wasn’t anything,
they don’t know what they’re talking about,
but bottom line it was interesting seven out
of eleven times in those years corn made higher
highs in the year of a zero. Howell: In what month? Martin: Oh, I would have
to say July yes, really the new crop especially. Sometimes it was the new
crop and it could be, I’m talking corn as well, it
could be that they would, the new crop would peak
with the old crop and then start its move down. I do think this coming
year is going to be a little bit on a
traditional side but I think we’re going to see
higher highs in 2020. I think this year beans
didn’t make higher highs this year but corn did and
I think we’re in a year where we’re just kind
of stepping so to speak. So it’s not going to be a
runaway thing and it’s not going to be without
some issues. But I think we’re looking
at a year ahead that will give us the opportunity
to have some pricing at better highs and that
would include soybeans. Howell: All right, Sue
Martin, thank you so much, always a pleasure. Martin: Thank you. Howell: Join us next week
when peel back the layers to look at falling protein
levels in soybeans and John Roach is back at the
Market to Market table. Until then, thanks for
watching, listening or reading. I’m Delaney Howell. Have a great week!

USDA Ethics, Post Employment for Further Restricted Employees


Hello and welcome to one of several
presentations about the ethics rules that apply to all Federal employees. I am
Danielle Barrett, and I am Aaron Levin. We are both ethics specialists at the USDA
Office of Ethics. Today we are providing a follow up discussion to our previous
video, Post-employment Rules for all USDA employees. That video covered the basic
prohibitions that apply to all employees regardless of rank. This video will cover
the restriction that applied to supervisors or senior executive service
employees. As promised in that video we will now discuss some of the
complexities associated with 18 USC Section 207. This statute provides the
primary source of restrictions that may limit the activities of individuals
holding senior positions after leaving government service. This statute does not
restrict any individual from accepting employment with a new employer who
merely prohibits certain representations and communications back to the USDA or a
government agency. In addition to the Post-employment Restrictions covered in
our previous video, further requirements apply to supervisors, SES employees and
senior level officialS. The first question you should ask is am I a senior
employee. Basically if your salary is at least eighty six point five percent of
the pay level for the level two executive schedule you are a senior
employee. this turns out to be a salary of about a hundred and sixty thousand
dollars, so if your salary is greater than $160,000 you are likely subject to
the additional Post-employment rules in this video. If you’re still unsure
whether you’re a former senior employee you should call the Office of Ethics. Additionally these provisions will apply to regardless of diary if you occupied a
position with a pay grade fixed at the executive
schedule or you are appointed by the President or Vice President. If the
senior executive service or SES title is used to classify your position these
provisions will apply. Now that we have determined if you qualify as a senior
employee you may be wondering what additional restrictions apply to you.
Senior employees are subject to a one-year cooling-off period.
18 USC Section 207C bars you from making any communications to the United
States Department of Agriculture on behalf of another with the intent to
influence official agency actions for one year after you leave your federal
position. These communication restrictions apply to any matter on
which you seek official action. There is also a two-year ban that is known as a
supervisors ban. This applies to both SES level and GS level supervisors. If you’ve
supervised any particular matters involving specific parties during your
last year at USDA you are subject to another ban.
You must not communicate back to any agency in the executive branch for two
years about those things particular matters that were under your supervision. Once the matter is completed the ban is lifted. This brings us to our next
category the very senior employee. The very senior employee is anyone who has
paid over two hundred and five thousand seven hundred dollars in 2016. Like the
other salary thresholds we discussed this value is subject to change each
year. This category usually applies to Cabinet level members. These employees
are subject to a two-year cooling-off period for making communications back to
the Federal Government. Remember there’s a ban that applies to all employees that
relate to particular matters you worked on directly by contracts, grants and
investigations. Avoid making new communication regarding those same
matters to the USDA or any other agency under this lifetime ban. As this is a
criminal statute. The lifetime ban refers to the life of the matter. As soon as the
matter concludes the ban disappears. It is also important to note that these
rules do not prevent an employee from working behind the scene
in a matter. This safe-harbor would allow you to provide a supporting role to your
next employer, but you must avoid any direct communications that violate the
bans we discussed. If you think you’ll be working on matters that involve the USDA
after accepting a job with a non-federal entity be sure to call the Office of
Ethics. We are happy to provide ethics advice and counsel even before you start
looking for a job. We’re also available to provide advice after you’ve left the
government. We like to tell our clients that you have ethics advisors for life.
Thank you for joining us today and watching our video series. Stay tuned for
more interesting and relevant USDA ethics trainings in the near future. Thanks for listening and have a great day.

Post-Employment Rules for All USDA Employees


Hello, and welcome to the first of several
presentations about the rules that apply to you after you leave the USDA. I’m your host, Danielle Barrett, and this series
is brought to you by the USDA of Office Ethics, where
we’re happy to answer all of your questions at the
end of this presentation. Today, we’ll be discussing the most basic
rule after you leave the USDA: It’s 18 USC section 207, and it’s a statutory prohibition
covering all former employees of USDA. With me now is my Office of Ethics colleague
Caitlin Rogalski, who’s here to explain the basics for us. Thanks Danielle; happy to be here. As you said, the basic prohibition for 18
USC 207 covers everyone, regardless of what level of management you are. What is it? The short version is this:
The prohibition states that you may not knowingly make a communication or appearance with the
intent to influence before a USDA employee about a particular matter involving specific
parties that you worked personally and substantially on as a USDA employee. That’s it? Yeah. That’s the crux of it. Terrific, We’re done! We can go home! Although, I’m just curious…what did any
of that legalese even mean, Caitlin? Let’s break it down into the elements and
then maybe come up with a simpler way of explaining
it. The first element is this idea of making a
communication or appearance… The things we’re NOT supposed to do… Right! The definition for communication or appearance
can mean almost anything It includes the obvious, like calling someone
on the phone or emailing them. It also includes signing documents on behalf
of an outside entity, especially if you know that your former colleagues will see your
name on a document and be influenced by it. It also includes just sitting in a room during
a meeting even if you don’t say anything. Surely there’s a need to communicate back
to USDA about something? Because the prohibition requires that there
be an intent to influence. For example, let’s say I’m a former meat
inspector and I leave USDA during an inspection to work for a processor. What if I then need to know about a new protocol
I need to comply with? Or what if I get elected to a state office
and need to speak with USDA about a program I worked on while I was still at USDA? Good questions! You’re correct that intent to influence
plays a part in how you can communicate back to USDA. Intent to influence means that you’re seeking
some kind of action by the government or attempting to affect the government in certain situations. So there are exceptions? There are commonsense exceptions such as calling
your friends to talk about personal stuff, just requesting information, testifying under
oath, though not necessarily as an expert witness, and other examples. If you’re an elected official for a state
or local government, then you can communicate with intent to influence back to USDA. There are other exceptions as well, but those
are the most common. So it’s a good idea to call the Office of
Ethics first before you do any communication so we can make sure you don’t violate the
law. OK, so I understand not to communicate or
make an appearance with intent to influence. But what is it that I can’t communicate? This would be a good time to talk about particular
matters involving specific parties. Think about it as a way of describing kinds
of government work. The kinds of work we’re concerned with here
are ones that have discrete, named parties to them. Can you give us some examples? Sure. Examples would include contracts, procurements,
inspections, litigations, investigations, licensures, charges, or others. They typically involve an isolatable transaction
that affects specifically named persons or entities. Take a simple contract: the named parties
are USDA and the contractor. That’s a particular matter involving specific
parties. OK, that makes sense. So I can’t communicate with USDA about those
kinds of things? Right, but we’re going to take this category
and constrain it only to those things you actually worked on while you were at USDA. If you were a contracts specialist, you cannot
communicate with intent to influence back to USDA about any of those contracts you worked
on. I also need to bring up another concept here,
which is personal and substantial participation. Any of those matters that you worked on where
you were doing merely administrative or ministerial tasks, such as scheduling conference rooms, making copies, etc. don’t count as personal substantial. Almost anything else you do may count. So if I participated personally and substantially
on a particular matter involving specific parties, I cannot communicate back to USDA
if I am intending to influence USDA about it. Bingo. That’s right. How long am I not allowed to communicate back? For as long as the particular matter involving
specific parties exists. That’s why ethics officials often shorthand
this prohibition as the lifetime ban. Wow, that seems a bit stringent. What harm are we trying to prevent with this? It all comes down to access and influence. The statute was passed to prevent people from
flipping sides on litigation or using their old contacts to influence government
work. That’s why, for regular employees, you can
still communicate with USDA, but not on anything you used to touch. Wouldn’t this make it hard to find a job
after leaving the USDA? No, there is nothing in the ethics law that
prohibits you from working at a particular place, and you can work anywhere you want. The law simply prohibits the kind of things
that you can talk about with the USDA. One thing you may not know is that you can
work “behind the scenes” on the same particular matter at an outside entity. You just can’t talk to USDA about it on
behalf of your new employer. Ok that’s pretty clear. But there is one more thing… Uh oh. What’s that? There are more prohibitions as you go up the
food chain. The one we discussed today applies to everyone,
but supervisors have a more stringent standard. So do so-called senior employees and very
senior employees. I need to caution everyone that with rank
comes more restrictions, and we’ve only covered the most basic one today. OK. So how can your office help our colleagues
figure this all out? Easy. Just remember to call the Office of Ethics
if you need assistance. We’re happy to provide you advice and counsel
before you even start looking for a job. And we will also continue to provide advice
and counsel even after you have left. So you’re the ethics advisors for life… That’s right! Ok, thanks Caitlin. Thanks again for being with us, and thank you again for watching. Stay tuned for more interesting and relevant
USDA ethics training in the near future. In the meantime, have a great and productive
day.

Charles Sturt student Emily shares her Agriculture Business Management story


Hi. I’m Emily Walker. I’m a first year
Agricultural Business Management student, studying at Charles Sturt University, Wagga Wagga. I chose Charles Sturt University as it was
close to home. It has lots of large agricultural facilities as it is a big inland city surrounded
by agriculture. It has a great reputation within Australia and I thought it would be
a great place to study Agricultural Business Management. There are numerous scholarships available
at Charles Sturt University, I was awarded one at the start of this year which was called
the VP Bragg Scholarship and I suggest that numerous people coming to University should
apply for any scholarships. Do your best to get your application and you might be surprised. I was also awarded the Horizon Scholarship,
that is funded by AgriFutures. It is an industry scholarship that is here in Wagga. We are
provided with $5000 per year of our course and 2 weeks of industry placement that is
funded by the AgriFutures business. With the Horizon scholarship I have 2 weeks practical
placement in Mildura, 2 weeks at Westpac in the AgriBusiness section. There are numerous international experiences
that are offered through CSU. As I’m going into my second year in 2018 one of our subjects
in agricultural business management is international experience. That is through an elective which
can be chosen and students can go overseas with the opportunities to go to Japan, Papua
New Guinea or Argentina. Once I have finished studying at Charles Sturt
University my career direction is still not completely decided yet as I’m still in my
first year of university but due to my Agricultural Business Management course I can go in numerous
different paths such as going through agronomy and doing the science side of agriculture
or further into finance or management. In my first session at University I really
enjoyed doing the subject of Agri systems. It really focused on the supply chain of different
businesses showing that management is vital in a successful business and this is one maybe
career opportunity that I could go into. Charles Sturt University is very unique as
it provides large amount of practical work for us students to undertake. This is through
the working farm that is here on campus, which allows to be experienced to agronomy, different
livestock productions as well as research. My experiences of living on campus at Charles
Sturt University would be the great amount of friendships and connections that I’ve
made with numerous people here at the university and all the different social events that occur. The advice that I would give to someone that
wished to study at Charles Sturt University would be to look at all the different scholarships
available, but also to come to the My Days to see all the different facilities that we
have here at CSU.

Land Occupation in Pinuyak, Lanao del Norte, Philippines


They do not accept defeat. They keep on telling us to go out in this place Because we don’t own the land and we haven’t won the case yet Aside from that, the landlord (San Luis) will win the (land) entitlement because he is the rightful owner. I would no longer say anything because it’s crucial. They carry arms with them. The problem was presented That there was an alleged harassment and illegal eviction happened in (SanLuis Estate) During that time, the Office investigated the documents they presented in Department of Agriculture (DAR) (local) [Land Occupation: November 2014| San Luis Estate] Perhaps you can call the landlord… or whoever it is, but we will pursue this operation. Why do they have to put fence on the 10.3 hec land When the case is yet to be filed (and there’s no court ruling.) The office of the DKMP-Lanao and KilosKa decided to conduct a fact-finding mission Voluntarily attended by various organizations from the province and in Iligan City To experience and verify the real situation. The overall results of the fact-finding mission shows that that there was an illegal eviction. But the situation worsens that is why the tenants decided to file a complaint against the landlord. to the Department of Agrarian Reform Adjudication B The defense attorney responded saying the tenants were not ejected in their land. “They are allowed to enter and cultivate the land” But if we will go to the area Neither of the tenants can enter because if the tenants attempt to get in The security guards would ask for a court order. The Kilusang Maralita sa Kanayunan (KilosKa) has a significant role during the operation in San Luis Estate analysing and considering the situation and learning that the people are ready and willing to to occupy their lands back. One of the its contributions is the mobilized forces of both the Moros and Christians in the area The presence of the Moros terrified the ferocious land/landlord guards

USDA, The Ethics Pledge – Post Employment Restrictions


Hello and welcome, to one of several presentations about the ethics rules that apply to all Federal employees. My name is Don Lobeda and I am an ethics advisor at the U.S. Department of Agriculture’s Office of Ethics. In this video I will once again discuss the ethics pledge. As you may know on January 28th 2017 President Trump signed an executive order requiring all full-time political appointees to sign an ethics pledge that obligates them to obey certain ethical standards of conduct. This is the USDA Office of Ethics second video about the ethics pledge. This video will discuss whether the ethics pledge applies to you and what current appointees who sign the pledge need to know about its post government employment restrictions. It is important to get a grasp of these rules before you as an appointee began looking for a job outside of government. As explained in our other video on the ethics pledge the provisions of the ethics pledge apply to every political appointee and every executive agency appointed on or after January 20 2017. If you are politically appointed to your federal position whether or not you were confirmed by the senate, you are probably required to sign the ethics pledge and obey it. Next, I’ll turn to the ethics pledge rules that become relevant when you decide to leave Federal service. After leaving government there are three basic pledge restrictions you should be aware of; they are, number one: restrictions on certain lobbying activities. Number two: a one-year prohibition against contact with an employee of your former federal agency, and number three: a prohibition on engaging in certain activities on behalf of a foreign government or foreign political entity. First the current pledge prohibits you from engaging in lobbying activities with respect to your former agency for five years after the termination of your employment as an appointee. The ethics pledge establishes a similar ban on lobbying activities by former appointees directed at most senior government officials and political appointees in any agency or department for the remainder of the current administration. These are important rules to keep in mind if you plan to leave Federal service before the end of this administration. It is important to also understand what is meant by the term lobbying activities when considering the pledges lobbying ban. For purposes of the pledge the definition of lobbying activities includes both engaging and lobbying contacts and lobbying support. A lobbying contact would involve an oral or written communication to agency employees and appointees. Lobbying support consists of behind the scenes preparation for lobbying contacts The pledges lobbying band provisions can get fairly complicated and the Lobbying Disclosure Act which the pledge relies on to define key terms has 19 Exceptions to activities that do not constitute lobbying. Additionally, The Office of Government Ethics issues legal advisories on the ethics pledge so it is best to contact the US Department of Agriculture’s Offices of Ethics as soon as you think you might leave your appointed position. After hearing your fact-specific situation we will help you navigate these post-employment lobbying waters. The current pledge also reinforces the cooling-off period for senior employees found at 18 USC Section 207 C. This cooling-off rule prohibits senior officials from representing back to the agency with an intent to influence pending programs or actions. This Rules’ discussed in another video and includes an explanation of the term senior personnel or senior employee. For now you should know that this criminal statute and portion of the pledge is quite broad because it applies to contacts with any employee of the former agency. It’s okay if you don’t remember the statute. Just be sure to contact the Office of Ethics if you are thinking of communicating back to the USDA after starting a new job outside the government. Lastly, there is a ban in the current pledge that prevents you as a former appointee from acting as an agent of a foreign principle in a political or quasi political capacity. This is a lifetime ban that prohibits former political appointees from representing a foreign entity that seeks to influence us public opinion, policy and/or laws. There are many post government employment restrictions that political appointees need to deal with after leaving Federal service. Ethics advice on the post government employment restrictions is available to you free of charge even after your work and public service has concluded. So keep our contact information available. The current ethics pledge requires a lot of consideration and this video does not cover all of the potential ethical issues that could arise Please do not hesitate to contact the Office of Ethics whenever you have a question or when you are planning for a future career outside of the government. Thanks for tuning in and remember to stay ethical my friends.

Market Plus: Matt Bennett


Delaney Howell: This is
the Friday, November 15, 2019, version of the
Market Plus segment. Joining us once again
is Matthew Bennett. Matt, welcome back. Matthew Bennett: Yeah. Thanks for having me. Delaney Howell: Matt,
I want to ask you a question. And it’s not related to
the commodity markets. But I think it’s a very
interesting thing to share with our viewers because
I was also in a similar situation when I stepped
into my role as host of Market to Market and that
is what your dad has told you about you getting
on the show of Market to Market. Matthew Bennett:
Basically, as a kid I watched Market to Market
every Sunday after church whether I wanted to
or not, because we had country cable, you know,
so we had four stations, the main three and PBS. And so, you know, my dad
has always said, you know, one of these days if
they ask you on Market to Market, then maybe I will
consider you a little bit more of an analyst. As you know, and so, he
told me after I told him, I was going to get a
chance to come on here. He said, we’ll just
wait and see how you do. Delaney Howell: You can
never, you never can please them, right? Matthew Bennett:
He’s proud, I’m sure. He’s not of the of the
generation that maybe is going to let
you know that. Delaney Howell: He’s
not going to call you randomly. Matthew Bennett:
Absolutely not. Delaney Howell: Well,
you’ll have to send him a link to the
Market Plus, yes. Matt, we’ve got some great
questions that came in on Facebook and Twitter. At Market to Market you
can always send in your questions. I want to kick it off
here with AJ in Iowa. He wants to know what what
price level should we be looking to get some
protection on January feeders. Matthew Bennett: On
January feeders, you know, to me at this point, is
I guess I’m wondering if he’s wanting to buy them
or sell them though. The I mean, that’s a
really good question. But quite frankly, if he
was looking to sell them, I would be locking
them in right here. If I was on the buy side,
you know, in my opinion, I think you could be looking
for just a little bit of weakness in here and so
if you were to me, I would probably be putting in
offers four to $5 under the market. If I’m looking to the buy
side if I’m looking to the sell side, probably going
to be looking to sell I’m right in here in anywhere. Delaney Howell: Okay, and
another quick question here about the
cattle markets. This one specifically
coming in about the feeders, from a folk in
Oklahoma area, has feeders topped out and will it
be trading in a sideways trend now? Matthew Bennett: Yeah, I
would say path of least resistance right now is
probably maybe just a shade lower. Have we topped out? That’s a wonderful
question. But by all means, it kind
of looks like we have for the time being, you know,
the the entire cattle complex, typically see
some demand coming up here before too awful long. And like we talked about
on the show, I think you’re going to see a
little more tightness than what we’ve had here
in the last 12 months. So, you could maybe make
a case that the cattle market could maybe scale a
little bit higher, but at the same thing at the same
time, if you look at the charts, we basically gone
almost straight up for quite some time in here. And I would have a hard
time believing that we’re going to continue that
trend at the present time. Delaney Howell: Yeah, and
I think the we’ve gone up really since that Tyson
fire has happened. Did that change the
pattern of seasonality of where we should be for
this time of year for the…? Matthew Bennett:
Well, I think that it certainly had a very
large influence. I mean, I think you know
that there’s that’s a large discussion that we
could spend quite some time on. So I don’t know that I
gotta go too much detail there. But there’s no question
that the market had a reaction that some
people really enjoyed. I’ll just leave
it at that. Delaney Howell: Some
people as in maybe the Packers enjoyed it. Matthew Bennett: I’m
not getting into that. Delaney Howell: No
conspiracy theory from you know, all right. Well, Matt, I don’t know
if you are familiar with Tim in Cookston,
Minnesota. He’s pretty frequent
there on Twitter as well. He’s got a question for
you about the hard red spring wheat. It’s got a strong basis
right now as well. But futures haven’t
moved much in this month. Should I sell it all now
and reopen some of it with futures or options? Matthew Bennett: You know,
and I kind of liken it to the corn market situation,
which is somewhat similar. I mean, actually, we’ve
seen a fair amount of weakness, I guess,
with the corn market, especially to close
the week here. But yes, whenever the
basis is good, what we have to do is we have to
ask ourselves, What is the market trying to
tell me to do? You know, in when the
basis is good, it’s saying we want your grain right
now, whether we’re talking wheat, whether we’re
talking corn, whatever it is. And so that’s the way that
I was brought up to, to analyze the markets,
if you will. And the nice thing is I
went to college I that was reinforced, you know, with
my mentor, the University of Illinois, Darryl Good,
you know, watch the basis watch the spreads. And at this stage of the
game, I would have to tell him, that’s exactly
what I would do. If I was his in his shoes,
I would go ahead and be marketing that wheat and
reown it on the board. And just like with corn,
like we talked previously, these options are just
dead, the you know, in only one or two little
things could happen to inflate them back to life
again, and probably for no more than what he’s going
to have in and he could get a pretty good
little return. Delaney Howell: Since
we’re talking about basis here. I want to jump down to
another question here from another pretty big Twitter
follower of Market to Market and that’s Phil
from Dresden, Ontario. I’m sure you chat with
him on Twitter somewhat as well. He wants to know with
corn, December corn futures fluttering near
$3.75 And much of the corn market sitting in the
snow and under harvests do basis levels tell the
real story in this market? Matthew Bennett: You know? And that’s a really
good question. I saw that
question earlier. And it’s similar to what
we just talked about. But you know, the thing
about is you don’t want to get to look out your back
door all the time, we’ve got to be really careful
there because there are some parts of the world
that we have a fair amount of harvest completed,
especially like where I’m from in Central Illinois,
Central Illinois, though, I will tell you that we’re
pretty much finished up for the most part, there’s
no piles on the ground. And so why is the
basis so strong? Well, there’s no
piles on the ground. And so, you know, there’s
regions that there’s very much a shortage, okay. And so he’s right, when
the basis is really strong, it’s going
to tell a story. Now, we have to be very
cautious, you know, to base it on what I just
said, because, for instance, this crop is
seven- 800 million bushels smaller than a year ago. So we’re already
significantly smaller. So how much smaller we
expect the crop to get and 167 yield, you know, I
think you could definitely scale down from that
still, I think that test weights are going to end
up rearing their head, you’re not going to
necessarily see it on yield. But I do think that you’re
going to be looking at field loss, I think that
you’re going to be looking at very challenging
situation. And I pity the people that
are going to have to let it sit in the field over
the winter, I really hope that they are blessed
with a December maybe that we’re not looking for
because a lot of your forecasters are talking
for pretty rough weather here in December. So moving forward, I
would have to think, for a producer with we close to
actually just barely above 370. I’ve got to think that
we’re going to find some support in here. But if I was, again, if I
was hauling my corn and I don’t know that I would be
paying commercial storage to find out I just don’t
know that that pays whenever basis is
already this strong. Putting it in
the bin at home. I think it’s a
wonderful thing to do. But most people at this
stage of the game, their bin is probably
already full. Delaney Howell: And that
that poses an interesting question to that we’ve
been talking about a little bit and that’s
right now you can tell the commercial buyers want
the corn because the basis levels are there with way
over where they usually are for this time of year,
but I think that poses the question as we continue to
see this slow harvest, we see strong basis levels,
is that just going to be a trickle effect throughout
the whole year where maybe we don’t see some huge
rally because of this late harvest? We just see commercial
buyers being able to get the supply right
when they need it? Matthew Bennett: That’s
a wonderful point and question, I would say,
that’s part of the reason why I’m trying to kind of
split up my risk a little bit, you know, that’s why
I want to have some corn in the bin, just in case
we see this thing end up rallying the whole lot
and who knows, my personal opinion when it gets right
down to it is that flat cash values to the farmer
are not going to go down much, if any, why? Because every time we’ve
seen the market go back, we’ve seen the commercial
come in and say, okay, we’re going to bump the
basis again, we’re going to go out and we’re going
to go ahead and narrow another nickel. You know, whenever people
are paying for people to dry corn, and still
offering a basis is 40 to 50 cents above what normal
is, to me that tells me there’s something
going on here. And so, you know, I
guess from a producer standpoint, you’ve got to
keep that in the back of your head. Yes, your tendency is
to want to lock in that basis. And I think there’s going
to come a time where we’re going to want to lock in
basis and potentially see this market rally. But at the same time, I
don’t want all my eggs in that basket in the event
that I’m wrong, because if I’m wrong basis is locked
in the market slides even more, even though I
don’t feel like it will. I don’t know. Let’s just be
honest about it. If the market slides
what’s basis going to do? It’s gonna get better. Delaney Howell: Matt,
talking about putting all your eggs in one basket. We’ve got a good question
here looking already to 2020 whether or not to
lock in some of those prices. We’ve got a question from
Gary in Wilton, Iowa. He said weather and poor
yields supposedly are already figured into
this market price. So if this is true, and if
2020 is normal for weather and yield, how much of the
2020 crop should I sell before 20 prices tank? Matthew Bennett: Very good
question and I’m really glad that that he’s
thinking that way. You know, quite frankly,
we’ve been urging the people that we work with
take a very close look at what your cost structure
is, throw your cost structure in with, you
know, a believable yield something that you’re
going to take to the bank, or if you’re someone that
has to borrow money for an operating note, and then
you know, would that yield what your breakeven and
so, you know, a lot of producers that we’ve
looked at, when you get above $4 405 to 410 level,
a lot of these guys and gals are saying, Hey,
I can make money here. Okay. And so if you can, then
by all means, that’s something we need
to be proactive on. Now, how proactive do you
want to be to answer his question, you know, we’re
20% currently, but we’ve been talking about if we
get back into that 405 to 410 level with what we’re
seeing, we’re probably going to be a little
more aggressive. The same levels we
sold out before. Okay, if we got to 50% I
don’t have any issue with that whatsoever. If a producer can make
money at today’s price, I wouldn’t have any
problems with 50%. Bottom line for me if you
start plugging in numbers in the next year, so
balance sheets, If we do plant 92 to 95 million
acres, I know some people thrown around 100
million acres. Well, I’m just going to go
on record and say, I don’t think that’s gonna happen. You know, unless the bean
market completely tanks can be hard to see that,
yes, you’re going to get prevent plant
acres come back in. But let’s just be
honest about it. Our liquidity ratios
have fallen for about six straight years. I got to be able to put
the corn crop out there, you know, and yes, most
people are still going to be able to, but not
everyone, and you have to be fairly healthy, in my
opinion, to be able to put 100 million acres
in the ground. And so, but let’s
just say 92-93. I mean, you start talking
normal yields, you know, 167 yield this year,
given what we threw at it, terrible weather
conditions, we still raise the 167 national yield. What if it’s a 182 nation
yield next year with 94 million acres, he’s going
to be wishing he would have been a heck of a lot
more than 50% sold going in. And so I want to manage
my own risk man, and get myself covered
in the event. This thing goes the other
way because if we do go south, it could be a
pretty treacherous here. Delaney Howell: And what
about the soybean markets? I mean, that is such a
wild card, because if we get a Chinese trade deal,
we could see soybean prices go higher. If we don’t, we could see
soybean prices maybe trend back to where
they have so… Matthew Bennett: Much
more volatility there. You’re right, you know,
and so anything 950 and above for most of the
people that I work with works well. Okay. And so, for soybeans, I
don’t claim to know where the price is going to go. It’s so hard to
forecast that. Me personally, I’ve got to
think the soybean prices at 950 are probably
towards the high end of the range and the low end
of the range unless we see, you know, unless we
have some sort of a trade deal, I’m losing
confidence in that by the day. I think we’ll probably get
something but is it going to be what we all thought
it was going to be, probably not, so as a
producer, I think I need to manage some
of that risk. We’ve seen bean prices in
the last 12 months that have scared the daylights
out of most of us. If you got a 950 handle
and above I think it’s a really good place to be. We’ve sold 15 to 20%
depending on the producer, I think it’s a really
good place to be. But I will probably going
to get a little more aggressive yet if we
get any bump whatsoever. Again, it all comes
down to profitability. I mean, profit margins is
what you’ve got to hang your hat on. That’s what
pays the bills. And anybody who gets
skittish if we get to 975, because they want 10. I would take major issue
with that because I need to know what 975 means to
my farm because 975 to 99% of producers I work
with makes them money. Delaney Howell:
Absolutely. Well, Matt, it’s been a
pleasure having you on the show. Thank you so much. Matthew Bennett:
Absolutely. Thank you. Delaney Howell : Join us
again next week when we’ll explore how one cattle
feeders attempt to resume business after prison
takes a tragic turn. And Mark Gold will join
us at the Market to Market table. Until then, thanks for
watching, listening or reading. I’m Delaney Howell,
have a great week.

Queensland Agriculture, opportunities for growth


We’ve been in business since 1954. The Australian
apple has got a good, clean, green perception in overseas markets, so we’ve actually expanded
and developed into new varieties and new techniques. We’ve seen yields lift from 10 to 15 tonnes
per hectare to a current level of about 40 tonnes per hectare. Part of that strategy,
the industry in partnership with the Queensland Government decided to invest in developing
scab resistant apple varieties. The Kalei is the first apple that has come out of that
program. With Kalei, no sprays are required, so that’s a considerable saving for the growers.
With the new systems we’re developing between DAFF and the growers, with Kalei, we can produce
crops of between 80 and 100 tonnes per hectare, every year. So that’s going to be an important
factor in the drive towards higher producing systems going forward. And we have doubled
what the industry average was 15 years ago. The Australian beef is definitely known worldwide
and they trust our beast. Efficiency is the key to our industry. Here, if we’re not efficient,
we’re not competitive. And we were a full set Abattoir to Japan going back 15 years,
now we supply umpteen different countries. So it’s brought along a lot more break up
orders, what we say that it we’re breaking the beast down into smaller and smaller cuts,
so this shed here needs to produce full time. When I first started, I worked in the boning
room at Wingham Beef Exports, every afternoon, anyone older than 21 had to go downstairs
and load cartons for four hours, now we’re putting in robots to do exactly what we were
doing then. The automation comes in when the slicer places the primus on the belt, the
computer then recognises what that piece is, we’re packing the carton, labelling it up
so we know exactly what’s in that product and then we’re sending it off to be chilled.
And we’re able to load it out on the following day in a container. What it’s done is, its
reduce our storage time from probably two to three days down to 24 hours. And they’re
going to a wider range of destinations being it domestic or export.
So at the moment we have a co-investment between DAFF and GRDC which is the national mungbean
improvement project. They provide us with a grounding and a link to growers, but also
to markets at the other end of the value chain. Globally mungbean is a really important pulse
crop, especially in south east Asia, so we’re heavily reliant on overseas markets. The programs
had a really big effect and it’s really supported the industry to double its production to about
70,000 tonnes in the last 10 years. What we’re trying to do is to pull a lot of project opportunities
together, a lot of international research, and we’re working to breed new mungbean varieties
that are higher yielding and more disease resistant. I think Queensland Agriculture
has a really strong future and the recognition of the importance of tropical pulses is a
really solid grounding for meeting the government’s target of doubling agricultural production
by 2040. I guess to some extent we’re overwhelmed with opportunities at the moment.

What is Aquaponics? How it Works & Why an Aquaponic Setup Can Fail


I have another exciting episode for you and
we’re here in Hawaii, on Oahu actually, and today we have a special episode for you
guys all about aquaponics man I’m excited for this episode actually to share with you
guys. This place here is actually called Aquaponics Place. This is a store that specializes in
aquaponics, all the different parts you’ll need for aquaponics, the plants, the fish,
the different, you know, tubs, bins, totes. Everything you need to do an aquaponics system
in your home so that you can start growing your own food today. You know, especially
here in the islands it’s very important to, you know, have a backup plan in case the
ship doesn’t come in. To be able to grow your own food and as much as I like growing
food in the soil and dirt, you know, or the red dirt here, aquaponics systems are great
because now instead of just having vegetables you can also grow your own fish. Whether you
want to keep fish as pets or whether you want to have them as a food source they can grow
a lot of fish and a lot of vegetables to eat, a very well balanced diet. So anyways, what
we’re going to do today is we’re going to go into the aquaponics place and share
with you guys exactly what aquaponics is if you don’t know about it and share with you
some of the components of the system and share with you guys some of the fish that they offer
here. Share with you guys some of the pre-made and pre-built systems you can actually buy
and bring home, anywhere here on Oahu. So we’re here inside the aquaponics place
and if you guys are an aquaponics geek, this is your hang out man. They got all these different
valve things and siphon things and screens and they got all kinds of fittings and they
got basically everything you need to do aquaponics at home. I mean even on the mainland, a store
like this is just unheard of. I’ve never seen a store dedicated to aquaponics. I think
there should be a store like this in every city across the nation so that people can
actually start growing their own food and it makes it easy for people to get all the
supplies and parts, fittings, all this stuff you know because normally you have to go around
to five stores, maybe a plumbing store, a hardware store, a swimming pool store and
a pond store to get all the different things to get a system together. I like that this
is literally a one stop shop to get all your aquaponics needs met. And I’m glad they’re
here on Oahu so that everybody on this island can be growing some food today. What we’re going to be doing next is actually
share with you guys how the aquapoincs system works specifically, so that you’ll be able
to know how it works, and then more importantly be able to set one up and grow food for you
and your family. So now we’re going to share with you guys
what an aquaponics system is and it’s pretty much right here as you guys can see we got
a big tank on the bottom and this is simply a fish tank. It’s holding fish, there’s
lots of fish growing in there. The tilapia that you can eat or just keep as pets and
then what happens is the fish are living in the fish tank and they are getting fed with
the fish food which is the only input in this system. The fish eat the fish food and then
guess what, they create waste much like us right. The fish make the pee and poop and
then that basically gets in the water and then what they do is they take the water and
they pump it up into this top bed. They pump the water up and then the water filters through
this rock here, the cinder, and it basically filters down and goes back in and comes back
out and strains back into the tank there. You can see where it’s all spraying out.
What the plants do is the plants actually filter the fish pee and poop and put it back
into the water. So that’s the simplified version we’re going to talk about in a little
while the more complex version and how this system and why this system really works. It’s
actually a, there’s one big lynch pin that many people may not be aware about in an aquaponics
system that we’ll cover in just a little bit. So next we’re going to show you guys
some of the different edibles that you can grow in an aquaponics system to feed you and
your family. Alright so in this system they got a couple
cool things. First soybeans, yes you can grow soybeans in an aquaponics system. They got
some little Kales right there in addition some mizuna, one of my favorite leafy greens,
especially to grow in the winter time. Also the lettuces, of course the lettuces will
do well in an aquaponics system but they can’t be in full sun. They like it a little bit
shady. Let’s see here, in addition they got some of my favorite, this is the shiso
or also known as perilla and this is a purple shiso. I grow this in my garden every year
and evidently it will do well under an aquaponics, in the cinder right here, check it out, this
basically acts like a bio filter here and this cinder actually unlike other metas that
can be used for the aquaponics has a lot of surface area because they’re literally like
little sponges. In addition it looks like they got a little tomato over there and a
whole bunch of chives growing in this bed. So, this aqauponics system here they got a
whole bunch of strawberries that are currently in the greenery or leafing stage. They’re
seasonal so they’re not producing berries at this time. In addition they have a nice
large egg plant that’s been there a while and also they’re growing lilikoi or passion
fruits that’s growing out of the aquaponics system over and over and over and up the chain
link fence. I think it will be great one day when they have all this lilikoi or passion
fruit with hanging fruits to eat and also show the massiveness of the plant after it’s
been growing a while in the aquaponics system. Other plants that can be grown in aquaponics
are something like this, the basil, looks like it’s doing quite well. They also have
some parsley here and besides the parsley they got the red Russian kale, one of my favorite,
the kales right here. In addition they got the green malabar spinach. I like the purple
Malabar spinach but they got the green Malabar spinach so it’s planted maybe about a month
ago. It’s doing really excellent, this is definitely one of my picks for what I would
grow in the aquaponics system because the Malabar spinach is what’s called a perennial,
edible vegetable. You know some vegetables and some plants actually go through their
life cycle like the lettuce or like the kales but with this guy, this will continue to grow
and keep putting on food for you so you can eat day after day, year after year without
having to continually replant like you do with the lettuce. Over next door here we got
things like more basil, and look at this, this basil’s been growing here a while and
this basil straight up has like woody stems on it. It’s quite old, doing quite well,
although it looks like it does have some still (06:44?) on there that they may want to do
something with but doing quite well and it’s nice and tall there. In addition they’ve
got the Calo or the Taro here which is also grown in the aquaponics system in addition
they got a few beets over there and some rosemary. I know one of my favorite things to grow in
Hawaii for sure is this guy right here, this is the okra, look at those little babies man,
fresh okra, fresh okra is absolutely delicious and I love eating them, especially when they’re
young babies. So over to this bed a few more things they
are growing, things like celery right here. Definitely looking really nice and vibrant
here. Also they got this plant, look at this guy, this guy’s a nice woody stock, really
thick, it’s going to seed and these seeds are actually high in Omega 3 fatty acids as
are the leafy greens that you can eat. This is also the shiso or the perilla. This the
green variety, definitely would encourage you guys to grow the shiso green and the purple
as well as basil as like an herb bed but also don’t forget to grow your leafy greens.
So here’s some collard greens here, I would probably choose the Georgia southern collards
here in Hawaii if I was growing them and let’s see here, here’s a nice large parsley plant,
looks super delicious, looks like it’s growing quite well. So you guys just saw some of the different
leafy greens and edibles that you can grow in an aquaponics system and I always want
to encourage you guys to try and grow different things and experiment because that’s what
this is all about. See what you can get away with, of course some plants are going to do
better than others and of course that depends on how big your system is, how well it’s
draining or not draining which we’ll talk about in a little bit. Also how much sun you’re
getting or how much sun you’re not getting. Very important factors are considered when
selecting different vegetables and herbs to grow in your system. Now besides just the
leafy greens and you guys know that I’m all about my leafy greens, my show is called
growing your greens and I want to encourage you guys to eat two pounds of leafy greens
a day. You know they are one of the healthiest foods on the planet. The most nutrition with
the least amount of calories. As you guys know, standard American food, fast food, junk
food, is very high in calories but low in nutrition the greens are very high in nutrition.
Another thing that’s actually pretty good in nutrition for the calories specifically
and for the protein are the fish here. So whether you want to grow your fish and eat
them or you want to have them as pets, you can definitely do that in the aquaponics system.
In just about 10 months, on average, and it depends on the size of your tank and how much
you’re feeding them and what not. Your fish, the tilapia will grow into full size and you
can catch them and eat them. I think they’re fun we’re going to go ahead and go fishing,
see if we can catch a fish here. Think you got to be pretty quick to get one of these
suckers. Not that quick. Alright, I’ll try number 2 let’s see if we can do it. I got
a strategy this time. I’m going to corner them against the wall. Alright! Check it out,
I caught a fish! But I’m going to be nice and let him go. I think if I had the aquaponics
here. I would mostly grow the fish for my pets instead of eating them. I got enough
greens to get enough protein a lot of other nutrients in my garden besides the fish personally. Alright, so now that you guys saw what you
could potentially grow, the plants and the fish. We’re going to kind of dive more in
and explain how exactly an aquaponics system works and the different methods of growing.
We have two different kinds of set ups here. They have like, basically a system that has
just like a flood and drain, kind of floods it and then it drains it maybe some of you
have the system where they’re just constantly feeding it water and the system that you choose
to have is going to have is going to be dependent on the plants you’re growing so for example
some crops can be grown in a system where the roots are constantly in water such as
the lettuce or such as water crest. Whereas most plants are not going to like that level
of water and have the roots wet all the time. They need to get proper aeration. So there
needs to be a flood and drain system where the roots aren’t constantly staying wet.
So now we’re going to go ahead and show you guys both those different systems and
how they do it here at the Aquaponics Place. So this is the first system that we’re going
to show you guys and this is the easiest system to make. If you think of your bathtub, if
you fill up your bathtub with water and it gets too high it has that overfill valve right
so you can never overflow your bathtub and it won’t like leak on your bathroom floor.
Well, this system, growing the lettuce in constant water works pretty much the same
way. So what many systems use is they may use like some kind of raft system and they
generally put this on like some kind of Styrofoam but they choose not to use the Styrofoam here
because the Styrofoam beads will break off, get into the water and contaminate your system.
So they actually have a nice piece of plastic here and let’s go ahead and lift this guy
up. So what’s happening is water is getting pumped in over here on this side and if you
look on the backside, I don’t know if you can see that there but there’s basically
like that overfill drain on your bathtub that’s sucking the water in so water never overflows
but always stay a constant height. The water is kind of being a little bit aerated due
to the flow of the water in and out and you can see in these little net pockets they have
here these little lettuces are growing these little root hairs out and in these net pods
the plants are just set in the cinder and that’s actually just to hold the soil and
also another reason that we’ll talk about in a little bit but these lettuces will grow
really well like this and another thing that will grow well like this also is the water
crest that likes to have it’s roots wet. So now we’re going to show you the 2nd kind
of system they have here. This is a system that actually drains out the water and actually
drains it fairly fast so that the roots are not staying wet because most plants do not
like their roots wet. They will succumb to root rot, possibly other diseases if you that
and that’s all made possible with this guy right here. It’s actually called a bell
siphon and how this works is simple. So we’re going to go ahead and give you guys a close
up to show you exactly how this works. Alright, so how this system works is we got
a grow bed with all the little cinders in here and then they got this little, kind of
mesh thing that does not allow the cinders to go in and they have their overflow tube,
much like the other overflow tube in the lettuce bed. So when the water level that gets pumped
into this bed gets high enough, which is almost there now, what’s going to happen is the
water levels going up and if we look, pull these rocks back here, you can see the water
level right here is getting higher and higher and higher and if we just let it get this
high and go into the overflow tube which it’s almost going to reach in a minute, it’s
always going to stay at that level. Now, this is what happens exactly in the lettuce bed,
the water always stays at a certain level and it’s almost overflowing now. And it’s
just about overflowing now so can check it out so you can see the water running over
the top into the tube there which then returns the water to the fish tank down below and
now you have the water always at this constant level. So what this guy does which is the
bell siphon valve, it basically creates a vacuum or a suction to pull the water faster
than it would just normally drain out. So, for example the water’s draining out here
but it’s never going to go below this exact level that you’re seeing. Now this is the
standard bell siphon that they offer here. Just looks like that it’s basically just
some pvc with a cap on the top. They put some little holes on the bottom, you know, in a
nice shape but actually they have a cool one which is for display purposes only which actually
has a clear top on it. So I don’t know if you’ll be able to see this on the camera
but what we’re going to do is we’re going to go ahead and put this guy over the drain
tube and once again it has cut outs on the bottom. We’re going to put that over the
top and I don’t know if you guys can look in there but what’s happening is this is
creating a massive suction. Look at this water draining out very quickly right. This water’s
draining out very quickly so now the roots are not sitting in a constant water supply
so that they will not get the root rot and it’s a special siphon that siphons the water
out until it’s all siphoned out and then basically it will slowly fill up again until
it’s full. When it gets full again then it siphons all the water out fast again. So
this way you’re getting a drain and flow without any additional appliances or electricity
or anything. It’s all happening on suction. This is definitely an ingenious way to make
this happen and then it’s just kind of cool to look at the water as it’s working in
there and see if it’s sucking or if it’s filling or if there’s air bubbles or if
it’s sucking air or what man. Definitely so cool. Let’s go ahead and fill this guy
back up so this can continue to work how it should. So you guys just learned what you can grow.
Then you learned how to do it are the 2 ways you can accomplish this. Next I want to get
into the Nitti gritty the bare bones of how the aquaponics system works. It’s actually
fairly simple but yet complex on some levels so pay attention to this part. It’s probably
the most important part of this video in my opinion. So as you guys know what happens is you feed
the fish, the fish poop and then the poop is pumped up through and then put into the
top here so that it can filter down and there’s a few components to this system. Number 1
is they got a very simple screen here. So this screen catches all the solid waste you
know cause we don’t want that solid waste going into the gravel bed and get all funky
and stuff like that right. You can then take the solid waste and this is solid fish poo.
(Joking) But this is solid fish waste you can probably wash this out. I’d probably
put it in your garden and use it as a fertilizer. So this is going to catch all that stuff.
Now the non-solids then are going into the cinder bed and what happens is the plants
just don’t absorb those nutrients directly. There’s a middle man involved you know,
when buying things I like to cut out the middle man whenever possible but in this system I’m
afraid you cannot cut out the middle man or the system will not work and it will crash.
So the thing that you’ll need to know for this system to work is, and the middle men,
what they are, are in this bottle here. It jumps starts the system. Now the middle man
will occur naturally but by jump starting the system, you’re guaranteed a system that’s
going to work more effectively and work right the first time. This is actually simply called
organic digesture. So this product reduces the ammonia, phosphate, nitrites and nitrates
actually in there and they do this by a very special way using beneficial microbes, bacteria
and enzymes will break down the bad stuff in the fish poop and make it bio available
for the plants to absorb. So without this critical component, that will also occur naturally
if you don’t want an add it like this. Your aquaponics system can work properly and flourish. The other thing that’s very important is
the medium so they got this cinder here and you know the cinder if you look at that closely,
kind of looks like a sponge. There’s all different cracks and crevices, so this gives
the bacteria and the mirobes a place to live in this system so that they can flourish and
break down the solids from the fish to make it plant absorbable. So yeah, as you guys
know that have been watching me for a while, I’m really into microbes and beneficial
fungi and bacteria and that is truly what makes the aquaponics possible but if you’re
also a home gardener in the ground it also makes a standard garden in your ground possible
and will thrive as well. So now that you guys learned how this system
works, let’s talk about the inputs required to grow the fish and all your plants. Basically
what you need to do is you need to feed the fish so that they can create their bio solids
or their poop to feed your plants plus you need to have the bacteria so all these things
are pretty much a one-time investment. Once you got all those guys going, you’re only
going to need to buy 3 additional things to keep your system going. Number 1 (00:19:00)
you’re going to need the fish food of course, so you know, the fish pellets. They’re maybe
$33.00 for about 40 pounds of food at this time in bulk and I always encourage you guys
to buy it in bulk for the best price. And you’re literally just going to take some
and you’re going to feed the fish. We’re going to throw a little bit of it out there
and check it out, they’re eating back there. But you know the fish food’s all you’re
going to need to keep the fish happy so that they create their poop and their pee because
they are living in water so you’re not going to need to provide that but the few other
things you will need are Number 1 you’re going to need what’s in this little
bag here and what’s in this bag is some special stuff and let’s go ahead and put
the bag back in there for you guys but what’s in the bag is this stuff right here. This
is actually oyster shells so it’s often used, oyster shell, for like (00:19:44?) and
gardening but what this is, this is a PH balancer. So you can use the oyster shells which acts
as a PH balancer so that the fish have the right PH to live in properly. Another thing
you may need depending on where you live are heaters. The tilapia like to grow and live
in the temperature that Hawaii is naturally so you do not need additional heating in Hawaii
but in other places in the country, you may need to actually use heaters to keep your
water warm enough or your fish are not going to do well, they’re not going to grow fast
and they’re not going to make it at all. Another thing you will probably need here
and what they recommend at this aquaponics place is the iron chelate so the iron chelate
helps keep your foliage green. It’s a nutrient that is not provided by the fish food that
will encourage and ensure your plants ae healthy. Now the other thing that I would personally
experiment with that they’re not yet doing here, and hopefully one day they will, is
the rock dust minerals. I would experiment with the aquaponics and adding rock dust minerals,
which will add 70 plus different trace minerals into the water which will also give nutrition
and provide nutrition for your fish but also more importantly for the plants, you know
and for them and so the plants and the fish will have more minerals and be more healthy.
When their more healthy they’re going to grow bigger, grow larger their also going
to be more bug resistant in the case of the plants. Probably disease resistant and have
a stronger immune system in the case of the fish. So I don’t know exactly how much of
that stuff to add but it can be done cause I have heard about people doing it before
and I would highly encourage you guys to look into that and add some rock dust, even in
small amounts to add some of those trace minerals back into your system so that you can grow
some of the most nutritious food ever. So now that you guys know how this system
works, we’re going to explain the anatomy of the system or the parts that you need to
do it and you know here at the Aquaponics Place they’ll supply you with everything
you need including the plants, the fish the containers and the pumps and everything to
do that and as you guys can see behind me, there’s a standard system behind me. Now
the system prices can range from a couple hundred dollars to a thousand or more dollars
depending on how large you want your system. Of course I would always encourage you guys
to buy the biggest system possible because the biggest system that you can buy will produce
more fish and more greens for you to eat faster just in case you need to eat out of your garden
exclusively and not the grocery store. So it’s really simple how these systems work.
You got 2 big tanks, you got the bottom tank which is where the fish live and then you
basically got some concrete blocks that they stack up to make legs like a table. Then they
have basically a 2×4 wooden frame that’s of course the grow bed up top. They have the
bed up top they fill it with the cinder and you plant your plants, I mean really aquaponics
is really that simple. Now whether you buy a constructed set up like this which is all
looking nice and professional or whether you get a standard, what’s called an IBC tote
on Craigslist for $100 dollars, $200 dollars depending on where you live, and cut it down,
it’s really that easy to do an aquaponics system. Even if you’re renting, have a condo
or you know, don’t have land or in ground space, aquaponics system is an excellent way
to use some of the extra space that you have and you don’t necessarily need a nice full
sun spot if you want to grow tomatoes yes, you will need a nice full sun spot but even
in the shade here in Hawaii something like the lettuce and the herbs are going to do
quite well so that you can start providing food for you and your family instead of being
dependent on the grocery store. So did I tell you that the Aquaponics Place
will sell you everything you need including your kit, your fish and yes even your plants.
They got starter plants here for sale and what I’m going to show you guys next is
actually how they start their starter plants actually in an aquaponics system. This is
actually unique cause I’ve never seen this being done anywhere I visited with all the
different aquaponics systems I’ve seen. I’ve never seen anybody do it like this.
So it’s really cool so pay attention to this section if you’re going into aquaponics
and you want to start your own plants from seed. Aquaponics makes it really easy. Alright so this is how they start their seeds
in the aquaponics system. Really cool so you don’t have to use any space, use any kind
of soil. What they got is they got standard seed slot here, standard slat and what they’ve
done is they’ve filled it with Rockwell which is a poplar hydroponics growing medium
that they also do sell here and in the poplar they basically just put the seeds in the little
holes and because this is a flood and drain table, the, you know, this gets wet and then
it drains out so it’s not constantly sitting in water which then you could get, you know,
seed rot but in this way this will get just enough water so that the little seeds can
germinate into little baby plants. Once they germinate, get a little big then they’re
going to transplant them into little individual containers that are next door. So let me go
ahead and show you those guys next. So once they got those little baby plants
started from seeds or actually you can do cuttings like this you’re going to basically
put plants in the little containers here, right, check it out, little containers and
these containers once again have the little holes at the bottom and it’s just growing
in the cinder there and then you just basically bury this down in the aquaponics bed here
just deep enough so that it gets enough water. Enough plants will get fed and once again
they got that bell siphon valve here that’s flooding and draining this so like the roots
aren’t staying constantly drenched in water, it’s getting enough water and this is literally
an automatic watering system for all the baby starts. This is super ingenious. So it looks
like they got, they got here water crest probably my top pick for growing in an aquaponics system.
Water crest is one of the most nutrient dense vegetables on the planet. In addition they
got the kale another yet nutrient dense vegetable. I believe you guys should be eating at least
several times a week. They got the shiso, I love the shiso especially the purple one.
You guys can’t see that, oh there it is. They got a green shiso, they got the chives,
they got some corn growing under the aquaponics. Now probably my favorite crop to grow if I
was here in Hawaii. I’d the water spinach or the Ung Choy. It’s actually, classified
as, from the USDA, as an evasive obnoxious weed so you’re probably not or supposed
to grow it anywhere else in the United States cause it could get in the waterway, all this
kind of stuff but you can grow it here in Hawaii and it will grow fabulously under an
aquaponics system like this and you can literally just take cuttings and replant it. You’ll
have a whole mass of food that will continue to grow day after day, year after year and
the great thing about the Ung Choy is that it will have the nice mild flavor it’s not
strong or bitter, you know, like kale. Some people might not like and it grows real simple
and real easy. I’m all about like sharing with you guys and the best of what I know
to make gardening and make growing food at home really easy. So hopefully after watching this episode,
you now know what aquaponics is, what you can grow, how to grow it and why it works.
I think these are very important fundamental pieces of knowledge that everybody should
know how to grow their own food in this day and age. Whether you live in Hawaii and food
might stop coming in or whether you want to have a backup plan in case trucks stop running,
there’s a financial collapse or whether you just want to eat the healthiest food possible.
Based on the current agriculture system, in my opinion, they’re not growing the healthiest
food possible. To do that you must do it yourself at home, pick it and eat it fresh for higher
levels of nutrition, plus you can add things in like the trace minerals that are not in
foods today. If you are here in Oahu and are interested in getting your own aqauponics
system, I would highly recommend the aquaponics place and you can check them out and learn
more about them on the aquaponicsplace.com. Hopefully you guys enjoyed this episode coming
at you from Oahu, Hawaii. Once again my name is John Kohler with growingyourgreens.com.
We’ll see you next time, and remember keep on growing.