Posted on September 14, 2018
The Trump Administration’s good cop/bad cop approach to U.S. trade policy was on full display Aug. 27 when President Donald J. Trump, the bad cop that day, announced a very incomplete NAFTA trade deal—fueled by his heavy use of tariffs—that pointedly excluded Canada.
(NAFTA, or Nafta, is the North American Free Trade Agreement now under renegotiation […]
Posted on August 10, 2018
The day U.S. Secretary of Agriculture Sonny Perdue announced the White House plan to spread $12 billion of taxpayer salve on its festering tariff wound, November soybean futures ended their day completely unimpressed—down a sleepy 2.5 cents.
Farmers echoed the market reaction; they, too, were unimpressed with the bailout. “Trade, not aid,” was their polite, but […]
Posted on July 11, 2018
Prince Edward Island, caressed in eastern Canada’s provincial arms of New Brunswick and Nova Scotia, is a lovely place to visit in June. Its sparkling red sand beaches, miles of white-blossomed potato fields, and rolling carpets of lush pasture form a color-soaked postcard for tourists and locals alike.
U.S. Secretary of Agriculture Sonny Perdue caught a […]
Posted on June 14, 2018
Forty years ago Waylon and Willie asked the nation’s mamas not to “let your babies grow up to be cowboys” because “… they’ll never stay home and they’re always alone, even with someone they love.”
That sage advice is even more true after a spring cattle market that’s been too wild to forget and too brutal […]
Posted on May 10, 2018
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 […]
Posted on March 28, 2018
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, […]
Posted on March 1, 2018
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, […]
Posted on February 14, 2018
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.
Posted on January 3, 2018
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 […]
Posted on January 3, 2018
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 […]