Finance

Too Much Money, Too Much Drift, Too Much Grift

The federal government can spend more money in 10 minutes than Congress, its watchdog, can track in 10 years. Still, Congressional oversight–as late and limited as it often is–remains a vital element of government.

The House Select Subcommittee on the Coronavirus Crisis proved just how vital in two reports released in October: Tens of millions in […]

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Mother Nature Doesn’t Do ‘Net Zero’

One rainy November day 20 or so years ago, the lovely Catherine and I were hopelessly lost in the streets and lanes of Glasgow, Scotland while searching for an art museum. By the time we finally conceded defeat and hailed a taxi to take us there, we were soaked, shivering, and couldn’t have cared less […]

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Cresting the Wave, Looking Into Next Year’s Trough

There’s no good time for bad news. Most farmers and ranchers, however, prefer to hear it sooner than later to factor it into the day or season’s plan.

Maybe that’s why our good friends at farmdocDaily, the online consortium of Land Grant extension specialists hosted by the University of Illinois, released a “Stress Test of 2022 Crop […]

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Running with the Big Deere

In an effort to maintain its enviable, 34-year run of labor peace, Deere & Co. and the United Auto Workers recently announced a deal to boost worker pay–by 20 percent over five and six years, Deere said–to keep the iconic green-and-yellow machines rolling off its 11 assembly lines and through its three distribution centers.

The manufacturing […]

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Death Taxes: Only for the One Percenters

Most Americans know there are three, unalterable facts of life: death, taxes, and farmers howling about “death taxes.”

And just between you and me, there’s an-oft whispered, rarely acknowledged fourth fact of life: Nearly every farm leader knows there’s no such thing as a “death tax”–federal taxes due upon death–for 99 percent of all farmers.

That’s not an opinion; […]

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The Old Economics of New Agriculture: Drive or Be Driven

A recent, number-laden bulletin posted on the University of Illinois website farmdoc daily caught my attention for two reasons.

First, its data, drawn mostly from several U.S. Census of Agriculture, paints a troubling picture of U.S. agriculture today. More importantly, that picture suggests American ag policy needs to make “strategic” changes to meet new challenges–climate change and new […]

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Like a SNAP

This year of striking contrasts continues to build: a late winter of pandemic horror, a spring of vaccine relief, a summer of social sunshine, now a Covid reprise this fall.

For agriculture, August delivered its own contrasts. For example, the often market-rattling August Crop Report carried the unlikely news of near-record 2021 corn and soybean crops […]

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The ‘True Cost of Food’

Like any chain, today’s ubiquitous “supply chains” are only as strong as their weakest links. Americans again learned this elemental lesson a year ago when the rapidly exploding Covid-19 pandemic swept the nation’s streets, sidewalks, and pantries clean of cars, people, and groceries.

Less evident are today’s still-broken links in the global food supply chain.

For example, […]

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The Actual Costs of the ‘Industrial Mind’

In an essay in his new book, Hogs Are Up, Wes Jackson, founder of the Land Institute near Salina, KS, revisits a speech he gave in Coon Rapids, IA, in August 2009 to mark the 50th anniversary of Nikita Khrushchev’s famous visit to the Roswell Garst farm.

During that cornfield summit, suggests Jackson, Garst and Khrushchev chatted about […]

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Everything–Corn, Soybeans, the Truth–Needs Sunshine

Stop me if you’ve heard this one before: A local grain company does well year-in, year-out buying, storing, and processing a few million bushels of soybeans. Nearby farmers love it; a strong local processor means strong local prices.

As the years pass, the plant ages and–too soon for local farmers–closes. A statewide farm group, knowing the plant’s importance […]

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