Finance

Wisdom Should Come with Age

In May 1543, Nicolaus Copernicus, a Pole living in Prussia, published On the Revolutions of the Heavenly Spheres, a book that used mathematics and astronomy to postulate how the earth and the then-known planets rotated on their own axes as they orbited a stationary sun. Within days of its printing, however, Copernicus died.
His theory of […]

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Faking It

While we watch the cat-juggling carnival that is Washington, D.C. these days, real fake news experts—yes, there are experts in real fake news—are artfully mixing fact with myth to influence how Big Biotech’s mergers and buyouts play out in American agriculture.
The biggest merger, Dow and DuPont’s $150-billion hook-up, was completed last August. Another big one, […]

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Productive Purpose

It was an inarguable fact on the southern Illinois dairy farm of my youth that there was no earthly reason my grandfather, one of the farm’s principal owners, would ever borrow money from any bank, person or company.
It wasn’t because he feared debt; he didn’t. As a St. Louis-based bond broker for almost 40 years, […]

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This is Crazy, Right?

You’re pretty sharp; tell me if this makes sense.
Right now, the cotton and dairy lobbies are pushing Congress to pass an additional $1 billion of federal farm spending by attaching not-yet agreed upon language to a must-pass $81 billion disaster relief bill that promises aid to long-suffering Americans overwhelmed by rain, wind, fire, and mud.
And, […]

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Capitol Hill’s Christmas Cookie Bake-Off

Business leaders like Warren Buffett and the late Steve Jobs often credited their enormous success to simplicity. Buffett repeatedly explains that his best stock market secret is no secret at all: Buy quality and hold it. Similarly, Jobs made complex machines—computers, music recordings, cellular telephones—so simple and intuitive that even aging Oliver tractor drivers can […]

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Rising Woe in Rural America

The gap between America’s rural poor and non-poor, like in urban America, continues to widen. The difference in rural America, however, is that the gap is widening faster than in any of the nation’s grittiest cities or suburban counties.
That’s the conclusion of two recent reports by the U.S. Department of Agriculture (USDA) and the University […]

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Willful Ignorance

Michael Lewis is a serious writer with a list of serious bona fides: Princeton bachelor’s degree, master’s from the London School of Economics, a stint on Wall Street and author of best-selling, non-fiction books like Money Ball, The Big Short, and The Blind Side. All were Hollywood box office hits. He also writes for the […]

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That’s You

If you wanted to renegotiate an aging but working trade treaty with two of your biggest, best customers, you’d think sweet talk and calm persuasion might work better than boorish bombast and shrill demands.
Well, think again because the Trump Administration is now in charge and bombast and demands are standing protocols whether you’re dealing with […]

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Picking Up the Tab

In good years and in bad, there’s a lot of money in American food. Regardless of the year, however, less of it flows back to the folks who actually grow the food, American farmers and ranchers.
For example, the U.S. Department of Agriculture (USDA) estimates that cash paid to American farmers and ranchers this year—for everything […]

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Too Many Cooks

Toques, the starched, stovepipe hats worn by chefs, are crowned with 100 tiny pleats that, explain the French, represent the 100 ways to prepare an egg every cook must master before earning the title “Chef” and a much-prized toque.
Recent action by President Donald J. Trump and his administration suggest there must also be 100 ways […]

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