JCPenney's Will Close in Jamestown, Wahpeton, Dickinson
Posted by KSJB News on 3/17/2017 10:07:00 AM.
JAMESTOWN - The JCPenney store at the Buffalo Mall in Jamestown is among 138 retail locations the struggling department-store chain plans to close as part of a plan to renew growth and turn the company's focus to e-commerce.

Feds Arrest 86 People in Five States
Posted by KSJB News on 3/16/2017 12:00:00 PM.

MINNEAPOLIS (AP) - Officials from Immigration and Customs Enforcement have arrested 86 people in five states in the Midwest.

Committee on Aging Services Meeting with Conference Call Option
Posted by KSJB News on 3/16/2017 8:14:00 AM.
BISMARCK, ND (Heather Steffl) - The North Dakota Committee on Aging will meet on March 24, from 10 a.m. to noon, CDT, to receive updates about services for older adults including local, state and federal public policy developments.

Valley City Chamber Seeking Awards Nominees
Posted by KSJB News on 3/15/2017 10:17:00 AM.

VALLEY CITY, ND - Kay Vinje, the executive vice president of the Valley City Area Chamber of Commerce, says one of the highlights of the year for her organization is presenting the annual chamber awards to members who go above and beyond to serve the community.

New Licenses Needed by April 1
Posted by KSJB News on 3/14/2017 10:03:00 AM.

BISMARCK (Greg Freeman) - North Dakota anglers, spring light goose hunters and trappers are reminded that new licenses for the 2017-18 season are required starting April 1.

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  • Cheese Supplies Influence Milk Price Outlook
    The forecast for the milk check for 2017 is ahead of last year and the five-year average. However, Blimling and Associates president Phil Plourd says an oversupply of cheese is hanging over this market. "It is hard to get your head around, but in a 12 billion pound market, a one percent change in demand is 120 million pounds. That's more than two million pounds of cheese per week looking for a home if demand is down from three percent to two percent. It's not a disaster on the demand side, but, we can't make 120 million pounds disappear easily." 
  • The Midwest is Made for Dairy Production
    Associated Milk Producers, Incorporated Co-President and CEO Donn DeVelder says 2017 is looking a lot like 2016. If this year is a repeat of 2016, milk prices should recover in the third and fourth quarters. DeVelder says the Midwest dairy industry is operating at full capacity. The Midwest has become the place to dairy, especially with its strong dairy infrastructure. "Just take AMPI as an example with its ten processing plants and its diversity, we produce anything from milk that goes to the bottle to cheese to non-fat dry milk to help balance those markets. Look at the price paid for milk in the Midwest versus California, we're typically $1.50 (per hundredweight) over them. We don't see that changing, if anything, that gap will get wider. The infrastructure here really helps."
  • Movement on Dow-DuPont Deal
    The European Union has approved the merger between Dow and DuPont. To gain EU antitrust approval, DuPont has agreed to divest “a significant part” of its pesticide business. That includes herbicides for cereals, canola and sunflowers. There has been no announcement on who would buy these assets. This deal between Dow and DuPont is valued at $77 billion. 
  • Know Your Cost of Production
    In addition to operating lines of credit for 2017, many farmers have a higher-than-normal number of crop inventory loans on last year’s crop. Input costs are being scrutinized for this season, but Bell Bank senior vice president Lynn Paulson says that can only go so far. "You can save yourself poor. You don't want to be cutting the wrong expenses. Last year turned out better than some anticipated and it was because of the yields. You can't do that if you're cutting back too much on fertilizer or other good agronomic practices." Paulson wants his customers to know their cost of production and breakeven levels. Interest rates are creeping higher, but, most long term real estate debt is in fixed rate products. So far, there’s been little change in land values. "If there is a concern, it would be if there was a big leak in land values. That's allowing a lot of us ag bankers to sleep well at night because land is holding in there. There aren't any storm clouds on the horizon that would be a real estate bubble." 
  • Costs Continue to Come Down
    Brock Associates president Richard Brock says costs will continue to come down for farmers in cash rents, input prices and land values in the next year. “I think the overall profit picture isn’t as negative as people would seem to indicate. With increases in yields, we think 2017 is going to be a pretty good year. We’ve had some good selling opportunities in corn, soybeans and hogs. If producers take advantage of those, they’ll have a good year and I think the cattle producers will have a good year.” However, Brock cautions the market will be a wild ride with lots of price swings.
  • Dry Bean Scene
    The Dry Bean Scene is on the air, with information about the dry edible bean industry in the Northarvest region. This broadcast airs each Friday at 12:37 PM. 
  • Perdue Advocates Trade During Confirmation Hearing
    Former Georgia Governor Sonny Perdue appears to be on his way to an easy confirmation vote. Trade was a common theme during Perdue’s three-hour hearing before the Senate Agriculture Committee. Perdue said he plans to be USDA’s chief salesman around the world. “Our farmers can’t wait very long. TPP had been around awhile and negotiated. A bilateral will take time. We need to get about the business of selling U.S. products. If confirmed, my first stop will be Mr. Lighthizer’s office door. We’ve already discussed some of this. He indicated to me 80 percent of what he had heard was about agriculture. I thought that was good news. We have to get on it.” Robert Lighthizer is the nominee for U.S. trade representative. North Dakota Senator John Hoeven also quizzed Perdue about sugar policy. “I am willing to support the sugar program," answered Perdue. "For those who grow the beets as well as cane, they’ve come together with a pretty unified front.” Hoeven also invited Perdue to visit North Dakota, saying former Agriculture Secretary Mike Johanns made numerous trips to the state. Perdue said he was ready to break Johanns’ record and get a firsthand look at what is happening with agriculture in the region.
Provided by Red River Farm Network

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