Split Opinions Farm Bill There are two sides to any fight in Washington, and it is an inelegant blood sport. Neither side respects the observation of renaissance American writer Elbert Hubbard that, “If men could only know each other, they would neither idolize nor hate.” Anyone in their policy comfort seat can find fault in the opposition. But what about the power to question family orthodoxy?
Farm input costs have skyrocketed. But in an extraordinary inflationary period should we only consider it in nominal terms? Cash receipts are falling in 2023, but from a record high. It is declining 16 percent, but that is after rising 73.4 percent the previous three years. ARC/PLC payments are low and stagnant. Cost-shared crop ins...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
