Posted on April 5, 2017
If you want to get the attention of the $240-billion Farm Credit System (FCS), just mention the $725-million loan CoBank, a System lender, made to Verizon in 2013 to help finance Verizon’s $130-billion buyout of Vodafone, a European telecommunications giant.
The far-from-the-farm loan incensed commercial bankers, the System’s largest competitors, who howled to Congress about CoBank’s […]
Posted on March 22, 2017
Before spring arrives and our attention turns to blue sky, dancing daffodils, and why the corn planter’s GPS isn’t working, let’s take a few minutes to lock in key numbers that will dominate the still-young farm and ranch year.
For example, as of Wednesday, March 8, Congress has 66 legislative days remaining until its lengthy August […]
Posted on March 15, 2017
On Feb. 28, the agriculture subcommittee of the U.S. House of Representatives Appropriations Committee held a “Farm Credit Administration [FCA] Oversight Hearing.”
Remarkably, it was the first public questioning of FCA leaders—and how they regulate the nation’s biggest agricultural lender, the $240-billion Farm Credit System (FCS)—by the subcommittee in 19 years.
In the intervening, unchecked decades, System […]
Posted on March 8, 2017
The Trump Administration’s turtle-slow start with the Republican-led Congress bodes ill for what it and Republicans said would be a busy legislative year. Tax reform, replacing Obamacare, raising the debt ceiling, and a 2018 budget all await initial action.
The GOP chairmen of the House and Senate ag committees, however, aren’t waiting on any White House […]
Posted on February 16, 2017
Of all the words used to describe President Donald J. Trump during his first days in office—bold, boastful, alternative facts—here are two that almost no person or pundit uttered: promise keeper.
Love him or loathe him, Trump took no time in checking off key items from his unconventional campaign’s list of unconventional promises.
Toss out the Trans-Pacific […]
Posted on February 10, 2017
The chairman gaveled the Ag Committee to order.
“We’re here today,” he announced in his best radio voice, “to rapidly confirm our President’s nominee for secretary of agriculture. He is, like most us, self-made, rich, manly—”
“Mr. Chairman!” interrupted a female voice from the far side of the horseshoe-shaped dais. “What are you talking—”
The sharp rap of […]
Posted on January 25, 2017
Not long ago, a man named Jim was in business with his brother Bob. Jim was the hardworking, money-making side of the firm; Bob was the always smiling, money-spending side.
And, sure, Jim knew the arrangement was lopsided but he loved and trusted Bob and Bob was Jim’s greatest admirer and biggest promoter.
The business did […]
Posted on January 18, 2017
For almost a month now, we’ve watched what DTN Ag Policy Editor Chris Clayton calls “the visceral political fight” over three changes to livestock marketing rules proposed by the U.S. Department of Agriculture’s Grain Inspection, Packers and Stockyards Administration, or GIPSA.
“Visceral” is a fitting word to describe Big Meat’s reaction to the Dec. 14 rules […]
Posted on January 12, 2017
The calendar may have changed but the numbers all U.S. farmers will work with this new year are little different from the numbers everyone worked with last year.
For example, 2016’s corn production was baked-in last fall and so too are most of 2017’s options. We grew a staggering 15.3 billion bu. last year, will use […]
Posted on December 29, 2016
Truth, civility, and honesty took a hard beating in the brutal 2016 election season but global trade, the campaign’s daily whipping boy, actually grew in the July-September quarter.
Moreover, reports the CPB Netherlands Bureau for Economic Policy Analysis, an international group that tracks trade, the late summer surge means global trade “may rise over the year […]