Finance

The Price of Access? $1.2 Billion

What did individuals and political action committees believe they were buying when, according to Sept. 30 totals compiled by the Center for Responsive Politics (CRP), they contributed $755.1 million this election cycle to Republican and Democratic candidates for the U.S. House and $415.2 million to Republican and Democratic candidates to the U.S. Senate?
The answer offered […]

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The Carnivore’s Dilemma

If most American followed commodity prices as blindly as they follow the Kardashians, the national dinner menu might well feature bushels of cheaper-by-the-day grains and teaspoons of record-priced pork, beef, poultry and fish.
Call it the revenge of the vegan or (with apologies to author Michael Pollan) the carnivore’s dilemma, but 2014 is fast becoming a […]

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The Gift That Keeps on Giving

If you’re an ag-dependent advertising agency, a commodity organization hired hand, or an ag journalist who can’t do math, commodity checkoffs are a gift that just keeps on giving.
The most recent checkoff gift comes courtesy of the U.S. Department of Agriculture’s Office of Inspector General. On Jan. 31, the OIG released a 29-page report on […]

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The triumph of dumb

Somewhere along his long, winding way from Delaware to Indiana to Washington D.C., Bart Chilton picked up a desire for public service, a view that government should serve the powerful and powerless alike and a trusted way to bring people together to write straightforward, fair public policy.
Appointed in 2007 by President George W. Bush, Chilton […]

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‘Just plain stupid’

In a recent television interview, famed Wall Street investor Warren Buffett characterized the October federal government shut-down as “totally irresponsible” and said the failure of leaders in the U.S. House of Representatives to raise the nation’s debt ceiling until moments before possible default was “just plain stupid.”
Unlike most stock market billionaires, Buffett wasn’t talking “his […]

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Cartel capers

There are two reasons to keep up-to-speed on the fast pace of events in what would seem to be the very dull world of potash.
The first reason is that the key players in this once-tightly controlled market continue–at least temporarily–to loose their grip on it. According to analysts’ prices for this key fertilizers could drop […]

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Fixed bayonets

So just what was Congress, and especially, the U.S. House of Representatives, doing when it entered the final week of its high-speed game of chicken with the White House and three out of four Americans who said loudly and clearly that they did not want a government shutdown?
One part of the answer, the political part, […]

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From Russia with Love

The July 30 news that Uralkali, the huge Russian potash producer, was pulling out of the global fertilizer cartel might be that nation’s richest gift to American farmers since the Great Grain Robbery in 1972.
Unlike the grain-buying deal that carried grain prices to 125-year highs 41 Julys ago, this July’s move will drain potash prices […]

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