Posted on February 22, 2023
Bruce Rastetter, Iowa’s longtime agricultural and political power center, has a sixth sense when it comes to making money.
In 1984, according to the Des Moines Register, Rastetter “started feeding hogs on contract… and within two years, 500 head grew to 100,000.” A decade later, his Heartland Pork was the 12th largest hog farm in the […]
Posted on February 22, 2023
Many policy choices are made on politics alone while other key decision-making elements like cost, science, and even common sense play a lesser, or no, role.
In the old days, this political math resulted in–literally and figuratively–“bridges to nowhere” that cost millions and did little other than raise the local politician’s reelection odds.
Today, these exercises of […]
Posted on February 22, 2023
As 2023 searches for a toehold, both the commodities and securities markets continue on the paths plowed for them by last year’s larger-than-expected inflation, Russia’s brutal war, a likely surge in the global pandemic, and a growing power vacuum in American politics.
Securities markets hated 2022’s bad news and most market indices hit yearly highs in […]
Posted on December 13, 2022
If you don’t understand the allure, gyrating value, and many crack-ups of cryptocurrency, a few words from New York University’s Nouriel Roubini, the economist who predicted the 2007/08 housing collapse, might help.
Speaking at the Abu Dhabi Finance conference in mid-November, Roubini, reported CNBC, “… described crypto and some of its major players as an ‘ecosystem […]
Posted on November 11, 2022
Even at first glance, the U.S. Department of Agriculture’s (USDA) recently announced $3-billion-dollar “Partnerships for Climate-Smart Commodities” sounds like doublespeak, an Orwellian invention that reverses the meaning of words.
Or, more plainly, how can today’s commodity-centered, industrialized agriculture be remotely “climate-smart” when everyone in the food business readily acknowledges it’s an oil-gulping, climate-changing juggernaut?
The short, truthful […]
Posted on November 11, 2022
A scientist friend recently noted that at today’s rate of consumption, the world is environmentally and economically sustainable for roughly 1 billion people. “That means with the world’s population of 8 billion,” he half-joked, “you’re a goner.”
Right, just not right now; let nature take its course, eh?
Recent population trends, however, show that nature might already […]
Posted on October 28, 2022
It usually goes without notice or comment, but three of the planet’s key elements–carbon, nitrogen, and oxygen–sit like ducks in row as Element Six, Seven, and Eight, respectively, on the Periodic Table.
None is more important than the others and yet, if there’s a first among equals, it would be nitrogen as a prescient report from […]
Posted on October 28, 2022
Most of American agriculture sees Africa as one vast nation and one vast market. It is, of course, neither.
Africa, in fact, has more nations (54), more languages (over 2,000), and more cultures (3,000-plus), than any other continent on Earth. It’s also the world’s second largest and second most populous continent with three times the people […]
Posted on September 28, 2022
It’s rare to find one Midwestern academic publicly questioning the economic and environmental impacts of ethanol.
It’s even rarer to find four academics–one from a corn state land grant university, three from a leading university in the leading corn-producing state–raising objections to the biofuel and its byproducts that will use one out of every three bushels […]
Posted on September 9, 2022
Long ago when traveling through Europe, a friend developed what he called the “Alan Rule” since I never remembered the Celsius-to-Fahrenheit conversion math: 10 degrees Celsius, wear a coat; 20 degrees, a light jacket; 30 degrees, shirtsleeves.
There was no suggestion for 40 degrees because 40 degrees Celsius is a baking 104 degrees Fahrenheit (F), an […]