037 EUROPE – How does it affect U.S. AG

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Short TermFarm And Ranch Country

I give my take on what markets will be affected the most and the least, and other factors affecting individual markets.

Medium Term

China to the rescue?

Stagflation, last time US had this much food inflation was 1978 which was followed by high inflation in 1979 and 1980.

Long Term

1. Rise in Nationalism

2. Less agricultural spending in Europe

3. Inflation

4. Higher Interest rates

5. List of countries with problems and who could be next or what order they will have major problems.

6. Super Committee

7. What is owed to whom by whom???????

3 Comments

  1. john thune said:

    • Congress has been fixated on targeting the wealthiest farmers with the most cash and with the largest investment and profit guarantees for a long time. This is just another case of crony capitalism as the wealthy receipients have been quick to send cash back to elect their congressman fixated on reelection. This safety net entitlement attitude has nearly destroyed many rural communities since it has resulted in legislation guaranteeing a huge and perpetual prosperity for the wealthiest farmers and impossible competition for most smaller farmers and those with no income guarantees. It is hard to know how a more discriminatory program could be designed. The huge disparity in incomes guaranteed by this program have effectively kneecapped the smaller farmers ability to compete for agricultural land. It really should not be that hard to understand, those that have a greater income guaranteed have a government granted competitive advantage over those who have a smaller government guaranteed income or no guaranteed income. It is not to surprising that those involved in such a despicable act of legislation have to resort to such covert and underhanded means to pursue these massive transfers of monetary wealth to the largest farmers. It is obvious to me that the Senate ag committee can not be trusted to dispurse ag government benefits in an equitable manner. Farm safety nets that guarantee million dollar investments and profits as well are an example of unequal distribution of government business benefits. Smaller farmers are being denied by government an equal opportunity to compete in agriculture due to the overwhelming competitive financial edge these guarantees give to those with the greatest probability of the greatest profits. Safety nets that cover land costs are in fact profit guarantees as many farmers have their land paid for and with the doubling of many commodity prices these guarantees provide for a whole lot more than real estate taxes

    November 21, 2011
    Reply
  2. Lesa said:

    First off I would like to say awesome blog! I had a quick question in which I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your head before writing. I have had trouble clearing my thoughts in getting my thoughts out. I truly do enjoy writing however it just seems like the first 10 to 15 minutes are wasted simply just trying to figure out how to begin. Any suggestions or hints? Thank you!

    December 26, 2011
    Reply
    • Bill Graff said:

      I “scratch” it out on paper first, and sometimes I run it by my wife first, for her to see how it sounds. I also was not very good at writing when I started, but as you write more you will get better.

      Thanks for listening and reading.

      December 28, 2011
      Reply

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