economics

DairyCast 0397 - Farm Credit CEO Surveys Economic And Lending Environment

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mp3DairyCast 0397 Show Notes:
  • Doug Stark, President and CEO of FarmCredit Services of America, sees long term strength in agriculture and increased importance in maintaining a strong balance sheet in light of increased volatility.

DairyCast Update for December 3, 2010, What Does The Year End Economic Review Show?

Truffle Media Networks focuses on bringing usable media to agri-business professionals in dairy.

How can you connect with those professionals? Truffle Media Networks offers a channel that reaches producers, farm operation management, large animal veterinarians, production staff, and researchers. Learn more about how to make those connections.

DairyCast 0394 - Year End Economic Review from American Farm Bureau Federation Economist

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mp3DairyCast 0394 Show Notes:
  • Bob Young, Chief Economist for the American Farm Bureau Federation, discusses the impact of recent actions in Washington on the agricultural economy and the future of the industry.

Dairies Are Not Riding Agricultural Profit Wave


While other agricultural products are doing well for growers, U.S. dairy farmers are not doing as well. Feed prices combined with an over supply of milk products are pushing prices and profits down.

Dairy farmers expanded herds following the 70 percent jump in prices to a record in 2007, just before the U.S. began its longest recession since before World War II and unemployment rose to the highest level in a quarter century. Weaker demand was compounded by this year’s drought, floods or freezing weather from Canada to Kazakhstan that ruined crops and boosted competition for U.S. grain that dairies require.

It is anticipated that there will be some dairy operations that will fail in the coming months. It is also believed that the next year will continue to be rough on dairy producers because of continued market pressures from animal feed corn.

Corn futures have risen 48 percent since the end of June, the biggest gain in the Thomson Reuters/Jefferies CRB Index of 19 raw materials after sugar. The U.S. Department of Agriculture cut its estimate for the crop on Nov. 9 for a third straight month because of flooding in Iowa and Missouri and hot, dry weather from Illinois to Ohio.

DairyCast 0393 - Impact Of World Economic Issues On U.S. Agriculture

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mp3DairyCast 0393 Show Notes:
  • Jim Kielkopf, economist for AgriBank, discusses how economic uncertainty has impacted producer decisions and what role speculators and hedge fund industry play in agriculture.

What Does The Growing National Debt Mean To Dairymen?


The US National debt continues to grow. Progressive Dairyman highlights the looming issues of this continued growth and how the debt will impact all citizens.

 

One of the biggest problems about the current fiscal situation is that foreign countries control a large portion of the debt, leaving the U.S. in a precarious position. Eventually the federal debt may get so high that the U.S. would be seen as a bad credit risk.

What is needed to tackle the issue? Higher taxes, cutbacks in programs, and serious leadership.

 

Tough decisions will need to be made for cutting spending but also to raise revenue – meaning taxes. Without considering taxes somewhere, it is unrealistic that the federal budget can be balanced.

Is there leadership out there to take on the issue before the ability to execute on viable options disappear?

DairyCast update for October 8, 2010, Why Are Regulators Taking Aim At Animal Health Products?

Are you planning to attend the National FFA Convention, October 20-23, 2010 in Indianapolis, Indiana?

DairyCast update for May 18, 2010, Animal‑rights is not about treating animals more nicely

Wesley J. Smith, Award winning author and Senior Fellow in Human Rights and Bioethics at the Discovery Institute, shares this observation to a packed audience at the 2010 Animal Ag Alliance Stakeholder's Summit: Truth, Lies and Videotape: Is Activism Jeopardizing Our Food Security?

Steve Maddox, California Dairyman from RuAnn and Maddox Dairy, shares how his operations have developed and grown from 14 cows in the 1950's to now over 3400 milking cows, 650 dry cows, 4000 replacement heifers, and 2500 cows sold for breeding purposes.
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