This weekend, Republican congressional leaders sat at the White House to discuss how to avoid the fiscal cliff. The media covered the meeting with great enthusiasm, noting that a consensus was emerging. However, there seem to be three caveats.
The mood and tone of the politicians that appeared on the Sunday talk shows was anything but conciliatory. The emerging consensus is for a two-part deal: make a down payment now and defer negotiations on bigger goals for later. Nothing approaching a consensus has emerged regarding the automatic tax increases that snap into effect on 31 December.
If the second point -- making the process a two-part negotiation -- sounds familiar, it's because that was the same framework that got us into this fi...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
