Posted on August 17, 2022
Contrary to folklore, three times is rarely a charm. The number three, in fact, often carries woe: “Three strikes and you’re out,” for example or “Bad news usually comes in threes.”
U.S. Department of Justice (DOJ) prosecutors rediscovered these portentous axioms July 7 when, for the third time in less than a year, a jury in […]
Posted on August 17, 2022
A veteran commodity trader once urged me to remember that “People who say the market is wrong are usually on the wrong side of the market.”
That insight, he added, had been learned the hard way, “…as in hardheaded.”
His advice came to mind as the futures market carried its June swoon into the U.S. Department of […]
Posted on July 15, 2022
From 35,000 feet, the white ring that marks the high level of Lake Powell looks just like the ring of an emptying bathtub. The only difference is the chalky top mark on this big tub, once the second largest freshwater reservoir in the U.S., is an unscrubble 1,900 miles around.
And Lake Powell, the upper reservoir […]
Posted on July 15, 2022
Caution: This is a chicken-and-egg story.
Late this winter, as our Covid pandemic was waning, many bird species–and especially chickens–were suffering their own terrible pandemic, the spread of “highly pathogenic avian influenza (HPAI),” noted, FERN, the Food & Environmental Reporting Network May 31.
How terrible? Since January, 38 million chickens have died in the U.S. either because […]
Posted on June 15, 2022
You don’t need to be a vegan to know that livestock and poultry aren’t “harvested,” the squeaky clean verb that’s become fashionable among farm and ranch groups to minimize the end–as in The End–of most animals their members grow.
Soybeans are harvested; pigs are slaughtered. Wheat is harvested; cattle are slaughtered.
It’s not a minor point, insists […]
Posted on June 15, 2022
Despite spending every day of my southern Illinois youth on what at the time was a very large dairy farm, I never really had a clue of what made one Holstein cow or calf better or worse than the next Holstein cow or calf.
Most of that inability lay in my complete disinterest to show any […]
Posted on May 13, 2022
Last May, the Canadian farm group National Farmers Union (NFU), submitted a detailed response to the Canadian government’s earlier “Draft Greenhouse Gas Offset Credit System Regulations.” The response, like the government request, went relatively unnoticed in U.S. ag circles.
It shouldn’t have because the 23-page reply by the 200,000-member NFU was as shocking in its brevity […]
Posted on May 6, 2022
In a recent telephone conversation, a southwest Kansas farmer casually noted that he had stopped growing irrigated corn some years back because “it cost too much.” Curious, I asked what it cost to irrigate an acre of corn in his arid, cattle-feeding-and-corn-hungry corner of the state.
“It wasn’t the money,” he quickly explained, “it was the […]
Posted on May 6, 2022
American farmers are long familiar with acre wars. This regional, late winter scrum is a showdown over how many acres of corn, soybeans, cotton, and wheat acres farmers will plant mainly in the Midwest, Great Plains, and South.
Most years these fights are decided by a variable–and oftentimes volatile–combination of three elements: what market prices are […]
Posted on March 18, 2022
One of the most beautiful–and inexplicable–aspects of economics is how its practitioners never seem to be wrong.
Indeed, almost every school of economic thought, from John Maynard Keynes’ demand-driven economics on the left to Arthur Laffer’s supply-side economics on the right, is crowded with disciples defending their leader’s theories and just often, if subtly, attacking their […]