Finance

Perilous Bounty is a Journey Well Worth Taking

      Some books are worth more in your hand and on your shelf than they are as electrons in your e-reader. These books, and their authors, are valued friends and you return to them often for information, advice, and comfort.

      Two downsizing moves in the last 15 years have pared my library to a few shelves […]

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Election Year Crazy, Sure, But This Is Way Beyond Crazy

Just when you think 2020 can’t possibly get any crazier, autumn arrives with a carload of crazy in tow.

For example, does any farmer or rancher really know what the White House’s recently announced additional $14 billion in ag bailout money is intended to address that the previous $37.2 billion didn’t address?

      That’s an honest question because we […]

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We’re Not Very Good Students Even When We’re Given the Answers

If experience is the best teacher, then surely we have learned a few important, unforgettable lessons in this otherwise forgettable year.

      If it isn’t a good teacher or we are uncaring students, then we’ve squandered most of the year, over $4 trillion, and almost 200,000 lives on lessons still needing to be learned.

      That’s not […]

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Sixty Days Until the Farm and Food World Shakes

In March 1919, John Reed, an American journalist, published Ten Days that Shook the World, his eyewitness book on one of the new century’s most defining events, the Russian Revolution.

      Eighty years later, Reed’s groundbreaking work was still shaking the world. New York University ranked it seventh on its list of the 20th century’s 100 most consequential works. […]

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‘How Much Evidence Do You Need to Vaporize a Zombie?’

      While “zombie ideas” isn’t a phrase you often see in farm publications, New York Times columnist Paul Krugman has popularized it to describe a uniquely American political condition.

      Zombie ideas, the 2008 Nobel winner in economics explained in a 2018 column, are “ideas that should have died long ago, yet still keep shambling along, eating politicians’ brains.”

      That […]

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The Third Time Might Not Be the Charm

It turns out that the old Chinese curse, “May you live in interesting times,” is neither Chinese nor a curse.

      According to multiple sources, the adage’s roots reach back to a late-19th century member of Parliament commenting on how Great Britain’s expanding empire had made for “interesting times.”

      True enough for the empire’s builders; not so […]

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The “Chinese Century” Looks Like the “Chinese Decade”

      While most county and state fairs are Covid casualties this year, a giant, buzzing Ferris wheel—America’s relationship with China—continues to spin at such a dizzying pace that, sooner or later, it will break to harm riders and bystanders alike.

      While that idea may fly in the face of current beliefs, it doesn’t fly in […]

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Public Investment Needs to Return Public Good

      If the ill-tempered and deadly first half of 2020 had been a first-calf heifer on the dairy farm of my youth, my father would have ticketed it for the freezer a month ago.

      His yardstick of heifer potential was short: If she lived up to her breeding, she was a “keeper;” if she “put more on […]

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This Bloody Business

      If you’ve ever butchered anything from a rabbit to a hog—and butchered is the right word, not the bleached “harvested”—you know there will be blood. Butchering, after all, is a bloody business.

      While 95 percent of Americans are carnivores, it’s a safe bet that nearly 99.9 percent of them haven’t thought much about where […]

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Now is Not the Time to Make Old Friends Into New Enemies

As if 20 percent unemployment, wretchedly weak commodity markets, shuttered ethanol and meatpacking plants, and a coronavirus pandemic aren’t bad enough, the White House chose mid-May to, literally, go viral with China, one of American agriculture’s best cash-and-carry customers.

      This fight, however, isn’t over steel, aluminum or soybeans. It’s about spilled milk: How much responsibility […]

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