Finance

When It Comes to Trade, Lucky It’s an Election Year

      After the White House announced its twin trade triumphs, passage of NAFTA 2.0 and phase one of a multi-phase deal with China, readers emailed to suggest I should write a column on—to quote two—the “absolutely amazing trade deals” “only President Trump” could have done.

      Before I pass judgment on so humble a request, it […]

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Brexit, Boris, and Boxing In UK Farmers

Events, like stars, can at times align just enough for you to glimpse your destiny. If you’re lucky, that sneak peek is the critical break you need for success; if you’re unlucky, the starry view spins off into the universe unseen.

      Farmers in the United Kingdom (UK) got that peek after the June 2016 vote […]

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Common Sense Rarely is the Common Denominator

Before the year loses its fresh, youthful promise, let’s look at some recent research to, hopefully, address a nagging problem carried over from 2019.

      For months last year, U.S. Secretary of Agriculture Sonny Perdue defended three proposed rule changes to the Supplemental Nutrition Assistance Program (SNAP) that will remove an estimated 3.7 million recipients from […]

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What We Know

The best way to begin a new year without feeling overwhelmed by what we don’t know is to start with what we do know.

      For example, we know the U.S. Department of Agriculture’s (USDA) December World Agriculture Supply and Demand Estimate shows that about 14 percent, or one in seven bushels (bu.), of the 2019 […]

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More Fallout from “Mt. Tariff”

      No major American daily newspaper features sharper, more poisonous pens than the market-focused writers at the Wall Street Journal. When these opinion peddlers go after you in print, they hit hard, fast, and—most of the time—with inarguable fact.

      Witness the Journal’s lead editorial Dec. 3, titled “Mount Tariff Erupts Again,” a full-frontal assault on President Donald J. […]

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Milk Shake-Up Just Beginning with Dean’s Downfall

While many in the U.S. dairy sector focus on why the nation’s largest milk bottler, Dean Foods, filed for bankruptcy Nov. 12, the smart money—if there is any smart money left after four years of crushingly low milk prices—is focused on what’s next.

      What’s next is what’s always next when your business is built on […]

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We’re Not Crazy, The Times Are

      Thanksgiving was the kickoff to a month of bookkeeping, depreciation schedules, and checkbook balancing for my parents on the southern Illinois dairy farm of my youth. It culminated in an afternoon meeting, usually the week after Christmas, where my father would detail the farm’s annual performance to his three, city-dwelling partners and lay out his plans for […]

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China Plays the Long Game; U.S. Keeps Getting Played

Several years ago, when Pulitzer Prize-winning columnist Tom Friedman was asked to choose which rising Asian nation, China or India, he’d bet the farm on, Friedman didn’t hesitate to pick India.

      The reason, he explained, was that while both nations were on an expressway to the future, India, the world’s largest democracy, had an open road in […]

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End of Trade War Looks Like Beginning of Cold War

If China agreed to purchase “$40 to $50 billion” of U.S. farm goods in “the next two years,” as President Donald J. Trump announced Oct. 11, the futures market—where market reality is quickly sorted from political talk—literally wasn’t buying it.

      In fact, November soybean futures, the nearby contract, opened Monday, Oct. 14 at $9.405 per bu. and […]

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Ag’s Coming Heart Transplant

If government and private estimates are accurate, hundreds of millions of American farm acres will have new owners in the next 15 years.

      For example, the National Agricultural Statistics Service, the Department of Agriculture’s (USDA) survey takers and record keepers, predicts that 100 million acres of today’s farmland will be sold by its current owners by 2023.

      […]

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