ISSUE DATE: 08/25/2008
How is the economy treating Americans? Let us count the ways:
--A 20 percent drop in home prices.
--A subprime mortgage market collapse reaching $300 billion.
--A near-failure of Fannie Mae and Freddie Mac, which supplies the secondary market for mortgages.
--A severe banking crisis (with the Federal Deposit Insurance Corporation using 15 percent of its funds to bail out a single bank, IndyMac of California).
--A credit crunch, with a debt to disposable income rate of 140 percent, up from 100 percent in 2000 and total credit losses possibly topping $2 trillion.
--A U.S. recession of a magnitude not seen since the Great Depression.
These were the predictions of Dr. Nouriel Roubini, a professor at New York University's Stern School of Business-nearly two years ago.
Emphasizing the accuracy of his predictions, Roubini, in an interview
NEWS
"Farm to You" exhibit teaches children 149 entries parade at All-American Limousin Futurity 2008 IFBF Cookout champion, division winners crowned at Iowa St 2008 Nebraska Ag Classic announces more speakers 2008 wheat quality above average ABA warns farmers' capital at risk Added moisture improves soil conditions AFBF backs bill eliminating rail antitrust exemptions Agriprocessors supervisors want trial moved Alfalfa Intensive Training Seminar set for Reno, Nov. 11 to 13 American Society of Safety Engineers offer tips to prevent agricultural injuries, illnesses Anthrax found in South Dakota cattle Beardsley-Choat to serve as coordinator of Nebraska Grazing Lands Coalition Beef Tailgate Showdown begins Bids all bullish Breeders saddled with high prices giving up horses Buy-in waiver for supplemental agricultural disaster assistance CDA Agricultural Commission approves emergency rule CFB recognizes top state legislators CFIA confirms 15th BSE case in Canada Champions selected at Ozark Empire Fair Angus show Chile harvest nearing half-way mark Cleveland County 4-H'ers named state record book winners at Rou Company expands corn seed portfolio Cooler weather does not hurt crop progress Crop economics featured at Graves-Chapple field day, Aug. 26 Crop progress behind normal Crops tour details released CSU Beef Field Day- Discussion on the future of ranching David City, Curtis youths awarded scholarships at NAYI Demand strong for quality alfalfa Detrick named as 2008 NASCOE Coalition Partner Dry conditions, cool night temps stressing crops, pastures Ecological economics topic for Pesek Colloquium Sept. 11 Economic stress and the elderly ET measurement is key to irrigation management Ethanol- Food, feed and fuel study released Ethanol industry improves product, publicity efforts Evaluating cow-calf feed options Evergreen college students try their hand at farming Expert says act quickly to combat mold in flood-damaged homes Extension offers new technical assistance program to producers Faith livestock sales report Farm Bureau leaders serve on state's flood recovery commission Farmers feel impact of increasing costs Field day will feature technology to boost efficiency in beef production Field tours to show Iowa State's biomass research Aug. 25 and 29 First cutting of hay complete Flooding occurring in Oklahoma Panhandle Focus Dams top Limousin breed Food, health get top billing at national chemistry meeting FSA programs open to all producers Fuel price hikes squeeze farmers at local markets Genetic underpinnings of sheep traits may yield clues to greater productivity Glut of unwanted horses might be solved with help from ranchers Governor's Charity Steer Show raises $100,550 Grain market close Grazing coalition to bring nationally noted speaker to St. Paul Grazing school set for Aug. 29 Grill carefully during summer barbecues Growing rice with center-pivot irrigation saves water, fuel Hereford youth win Golden Bull awards Horse track could be built in Oklahoma Panhandle HPWD Board of Directors approve administrative amendments to district rules HPWD Board of Directors set public hearings regarding proposed 2008 tax rate Hundley-Whaley field day looks at spring planting issues, Aug. 27 Increased costs make management key when fertilizing wheat Indian tribe gets say in how S.D. Badlands managed ISU agronomists- Corn estimates in line with five-year averages Joplin regional cattle sales report Junior Angus members elect leaders at 2008 show Juniors recognized for involvement in Hereford industry Kansas soil to be included in new exhibition at Smithsonian KARL Sporting Clays Benefit scheduled Sept. 20 for Flint Oak King Ranch executive urges ranchers to 'plan for profitability in ethanol era Kosher meatpacker struggles after immigration raid K-State College of Veterinary Medicine, KVMA sponsor all-new Ka K-State's Beef Stocker Field Day to address changes in industry Leaf-feeding insects threaten late-planted crops Limi Boosters name scholars Limousin Junior Nationals open with steers, B&Os, Lim-Flex Local students attend leadership summit Managing the genetics of beef cow herds Meat inspection program faulted, state vet says Mild weather brings precipitation Missouri committee to study ethanol mandate Missouri corn crop goes from bleak to bumper Missouri primary reinforces voter support of ethanol Montana Ag seeks info for goat, sheep directory More farmers converting to no-till Most Kansas counties now approved for CRP emergency haying, grazing MU Beef Tour to visit farms in Vernon, Barton counties, Aug. 30 MU Delta Center to highlight soybean rust research at field day Nebraska Agricultural Leadership Council elects new officers Nebraska corn groups to feature Kernels of Truth at State Fair Nebraska governor to talk to EU about agriculture Nebraska Soybean Board September meeting set Nebraska town officials want horse out pronto New Mexico Rural Renewable Energy Alliance forms to help inform public Nitrogen usage causes challenges for farmers OK Farm Credit Associations unite to fund OSU ag finance professorship Oregon horse owners face rising costs, tough choices People only eat one when the chips are brown Plymouth County Pork Producers to donate to flooded southeast Iowa hog farmers Producers honored for Beef Quality Assurance commitment Radio personality honored with inaugural award Renters insurance an essential 'school supply' Ringwood FFA member attends Hereford Junior National Show Rodeo celebrates independence, cowboy heritage Rural banks -Sub-prime debt woes =Better than most Schwartz, Schmidt reappointed to Kansas Water Authority Scientists identify fungal disease culprits with molecular gene Sheep shearing schools in Riverton, Worland Soaring temperatures key to sesame success Soldiers working with Afghan farmers to grow wheat Sorghum field day planned at Chester South Dakota's land value percentage increase tops nation Southern rust, other corn diseases hitting Nebraska corn fields Southwest Stocker Cattle Conference Sept. 30 in Lawton Sowing seeds for fall transplants Texas Peanut Producers recognize Extension agent Texas Veterinary Medical Diagnostic Laboratory plans new poultr Texas-Mexico Agriculture Exchange Program builds a bridge to international relations The power is in the people Think twice about fescue Three Nebraska counties named livestock-friendly Ticked off!! Tropical corn germplasms may hold answer to drought tolerance Turfgrass scientists focus on drought tolerance U.S. Grains Council educates educators on biotechnology UNL Irrigation and Energy Conservation Field Day planned at Clay Center Unwanted horses are creating problems within industry Upcoming K-State agricultural events USCA Director Emeritus McDonnell addresses CICA members during summer meeting USDA to measure year-end production for Oklahoma small grains UW publishes bulletin on water quality pertaining to livestock, wildlife health Vet urges vaccines for cattle near Turner ranch Wallace honored by NJAA Weed warning issued during field day at Marianna Western foresters- Using wood for heat can help forests Wheat sessions help growers make planting decisions Wheat Varieties Virtual Tour available online When the soybean champ speaks, thousands listen Wind farm planned Young Angus exhibitors earn "Top Showman" honors at 2008 NJAS Young grizzlies accused of killing 71 sheep CROPS
"Farm to You" exhibit teaches children 2008 IFBF Cookout champion, division winners crowned at Iowa St 2008 Nebraska Ag Classic announces more speakers 2008 wheat quality above average ABA warns farmers' capital at risk Added moisture improves soil conditions AFBF backs bill eliminating rail antitrust exemptions Alfalfa Intensive Training Seminar set for Reno, Nov. 11 to 13 American Society of Safety Engineers offer tips to prevent agricultural injuries, illnesses Beardsley-Choat to serve as coordinator of Nebraska Grazing Lands Coalition Bids all bullish Buy-in waiver for supplemental agricultural disaster assistance CFB recognizes top state legislators Chile harvest nearing half-way mark Company expands corn seed portfolio Cooler weather does not hurt crop progress Crop economics featured at Graves-Chapple field day, Aug. 26 Crop progress behind normal Crops tour details released Demand strong for quality alfalfa Detrick named as 2008 NASCOE Coalition Partner Dry conditions, cool night temps stressing crops, pastures Ecological economics topic for Pesek Colloquium Sept. 11 ET measurement is key to irrigation management Ethanol- Food, feed and fuel study released Ethanol industry improves product, publicity efforts Evergreen college students try their hand at farming Extension offers new technical assistance program to producers Farm Bureau leaders serve on state's flood recovery commission Farmers feel impact of increasing costs Field tours to show Iowa State's biomass research Aug. 25 and 29 First cutting of hay complete Flooding occurring in Oklahoma Panhandle Food, health get top billing at national chemistry meeting FSA programs open to all producers Fuel price hikes squeeze farmers at local markets Grain market close Grazing coalition to bring nationally noted speaker to St. Paul Grazing school set for Aug. 29 Growing rice with center-pivot irrigation saves water, fuel HPWD Board of Directors approve administrative amendments to district rules HPWD Board of Directors set public hearings regarding proposed 2008 tax rate Hundley-Whaley field day looks at spring planting issues, Aug. 27 Increased costs make management key when fertilizing wheat Indian tribe gets say in how S.D. Badlands managed ISU agronomists- Corn estimates in line with five-year averages Leaf-feeding insects threaten late-planted crops Local students attend leadership summit Mild weather brings precipitation Missouri committee to study ethanol mandate Missouri corn crop goes from bleak to bumper Missouri primary reinforces voter support of ethanol More farmers converting to no-till Most classes of hay selling steady Most Kansas counties now approved for CRP emergency haying, grazing Most of state gets some moisture MU Delta Center to highlight soybean rust research at field day Nebraska Agricultural Leadership Council elects new officers Nebraska corn groups to feature Kernels of Truth at State Fair Nebraska Soybean Board September meeting set Nebraska's 2008 row crop prospects good New Mexico Rural Renewable Energy Alliance forms to help inform public Nitrogen usage causes challenges for farmers Residue boosts yield when water is limited Scientists identify fungal disease culprits with molecular gene Scorching temperatures, parched soil common in parts of OK Small grains continue to advance Soaring temperatures key to sesame success Sorghum field day planned at Chester Southern rust, other corn diseases hitting Nebraska corn fields Texas Peanut Producers recognize Extension agent Tropical corn germplasms may hold answer to drought tolerance Turfgrass scientists focus on drought tolerance Upcoming K-State agricultural events Weather conditions benefit ranges, pastures Weather favors state fair, livestock, and busy farmers Weed warning issued during field day at Marianna Wheat sessions help growers make planting decisions Wheat Varieties Virtual Tour available online When the soybean champ speaks, thousands listen Wind farm planned LIVESTOCK
149 entries parade at All-American Limousin Futurity 2008 IFBF Cookout champion, division winners crowned at Iowa St 2008 Nebraska Ag Classic announces more speakers ABA warns farmers' capital at risk Ada livestock sales report Added moisture improves soil conditions Agriprocessors supervisors want trial moved Amarillo livestock sales American Society of Safety Engineers offer tips to prevent agricultural injuries, illnesses Angus champions named at 2008 Missouri State Fair Anthrax found in South Dakota cattle Apache cattle sales report Arkansas livestock summary report Beardsley-Choat to serve as coordinator of Nebraska Grazing Lands Coalition Beef Tailgate Showdown begins Breeders saddled with high prices giving up horses CDA Agricultural Commission approves emergency rule CFB recognizes top state legislators CFIA confirms 15th BSE case in Canada Champions selected at Ozark Empire Fair Angus show Chile harvest nearing half-way mark Cleveland County 4-H'ers named state record book winners at Rou Clovis livestock sales report Cooler weather does not hurt crop progress Crop progress behind normal CSU Beef Field Day- Discussion on the future of ranching Dalhart livestock sales report Dodge City cattle sales report Dry conditions, cool night temps stressing crops, pastures Evaluating cow-calf feed options Evergreen college students try their hand at farming Extension offers new technical assistance program to producers Faith livestock sales report Field day will feature technology to boost efficiency in beef production First cutting of hay complete Focus Dams top Limousin breed Ft. Smith livestock sales report Genetic underpinnings of sheep traits may yield clues to greater productivity Georgia cattle sales summary Glut of unwanted horses might be solved with help from ranchers Goldthwaite sheep sales Governor's Charity Steer Show raises $100,550 Grazing coalition to bring nationally noted speaker to St. Paul Grazing school set for Aug. 29 Hereford youth win Golden Bull awards High Plains slaughter news Horse track could be built in Oklahoma Panhandle Indian tribe gets say in how S.D. Badlands managed Joplin regional cattle sales report Junior Angus members elect leaders at 2008 show Juniors recognized for involvement in Hereford industry Just a scoop full King Ranch executive urges ranchers to 'plan for profitability in ethanol era Kosher meatpacker struggles after immigration raid K-State College of Veterinary Medicine, KVMA sponsor all-new Ka K-State's Beef Stocker Field Day to address changes in industry Limi Boosters name scholars Limousin Junior Nationals open with steers, B&Os, Lim-Flex Local students attend leadership summit Managing the genetics of beef cow herds McAlester livestock sales report Meat inspection program faulted, state vet says Mild weather brings precipitation Montana Ag seeks info for goat, sheep directory MU Beef Tour to visit farms in Vernon, Barton counties, Aug. 30 Nebraska Agricultural Leadership Council elects new officers Nebraska town officials want horse out pronto New Mexico Rural Renewable Energy Alliance forms to help inform public Newell sheep sales report Plymouth County Pork Producers to donate to flooded southeast Iowa hog farmers Producers honored for Beef Quality Assurance commitment Scientists identify fungal disease culprits with molecular gene Sheep shearing schools in Riverton, Worland Sioux Falls feeder pigs Sioux Falls sheep sales Sonora Ram Test starts Sept. 8 and 9 South Central direct sheep Southwest Stocker Cattle Conference Sept. 30 in Lawton Three Nebraska counties named livestock-friendly Upcoming K-State agricultural events Vet urges vaccines for cattle near Turner ranch Wallace honored by NJAA Wind farm planned Young Angus exhibitors earn "Top Showman" honors at 2008 NJAS Young grizzlies accused of killing 71 sheep EDITOR
A jolt of reality COLUMNS
Bainter Boom Trencher Company expands corn seed portfolio Credibility, responsibility and accountability Just a scoop full Massey Ferguson mid-range tractors Renn Farm Boy line of roller mills MARKETS
Ada livestock sales report Added moisture improves soil conditions Amarillo livestock sales Apache cattle sales report Arkansas livestock summary report Clovis livestock sales report Dalhart livestock sales report Dodge City cattle sales report Dry conditions, cool night temps stressing crops, pastures Faith livestock sales report First cutting of hay complete Ft. Smith livestock sales report Georgia cattle sales summary Goldthwaite sheep sales High Plains slaughter news Joplin regional cattle sales report McAlester livestock sales report OKC West livestock sales report Pratt 3 p.m.cattle sales Pratt livestock sales report Salina livestock sales report Sioux Falls feeder pigs Sioux Falls sheep sales South Central direct sheep Springfield livestock sales Texhoma cattle sales Tulia livestock sales report Tulsa livestock sales report Watertown cattle sales West Plains regional cattle sales Woodward livestock sales report Wyobraska cattle sales report RANGE
Year end tax planning FAMILY
"Farm to You" exhibit teaches children 5 Must-Have foods for kids Cleveland County 4-H'ers named state record book winners at Rou David City, Curtis youths awarded scholarships at NAYI Delos offers affordability with contemporary style Economic stress and the elderly Expert says act quickly to combat mold in flood-damaged homes Grill carefully during summer barbecues Local students attend leadership summit Sowing seeds for fall transplants Think twice about fescue Time to get yourself in a pickle
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