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Promises Made, Promises Kept

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 […]

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Hard Numbers and Hard Politics

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 […]

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If It Isn’t Broken, Don’t Fix It

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 […]

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There’s No “Future” In the Futures Market

As the food industry continues to consolidate into fewer, bigger players, the price risk it once hedged in Chicago and New York futures markets is being pushed back onto the very farmers and ranchers it buys from.
The reason is simple: the Big Boys have the market power to do it.
After decades of Big Ag’s talk […]

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The Last Free Trader in America

Can trade—free, fair, or otherwise—get some love this election season?
Fat chance.
In fact, the only national politician four-square in favor of global trade and its latest multi-nation deal, the Trans-Pacific Partnership, or TPP, is no one anyone could have seen in that role: Barack Obama.
Holy cow, what’s next; the Chicago Cubs in the World Series?
Perhaps, and […]

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No Trade? No Kidding.

You know it’s a presidential election year when the U.S. Department of Agriculture (USDA) issues late summer press releases where nearly half the ink touts the Obama’s Administration’s past ag successes even as it announces actual news.
On Aug. 1 USDA issued just such a press release; 315 of its 635 words bragged about the White […]

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The “Con” in Econometric

While American farmers and ranchers were eyeball-deep in spring planting and first-hay cutting, their commodity groups and federal government were knee-deep in narrowly-focused studies filled with meaningless numbers and unchallenged econometric puffery.
For example, the National Corn Growers Association (NCGA) and U.S. Grains Council (USGC) released a privately “commissioned” report May 24 that proclaimed the 2014 […]

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Trade Deals Going Nowhere

As the politics of this election year heat up, the chances of Congress debating—let alone passing—either of the White House’s marque trade deals continue to melt away.
Oh, there’s plenty of talk about the westward-looking Trans-Pacific Partnership and the Euro-centered Transatlantic Trade and Investment Partnership, or TPP and TTIP, respectively. Most of the yakking, however, flows […]

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Free Markets Work, When We Let ‘Em

There is a certain poetry in Sen. Pat Roberts’, R-KS, failure to convince the U.S. Senate to squash state and local food labeling laws. His proposed fix, fail though it did, may have done more to boost consumer faith in the market than anything Congress has or hasn’t done in years.
Roberts’ winning loss began with […]

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Cuban Junket Summer

America’s counter-culture had its Summer of Love in 1969 and baseball its Home Run Summer in 1998. U.S. farm and checkoff groups will have their Cuban Junket Summer in 2016.
U.S. Secretary of Agriculture Tom Vilsack guaranteed it when, on March 21, he gave the green light to “22 industry-funded Research and Promotion Programs”—federally-chartered commodity checkoffs—and […]

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