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Balanced Reporting. Trusted Insights.
Thursday, March 30, 2023
This week’s guest on Open Mic is Texas farmer Wade Cowan, President of the American Soybean Association. In this interview you’ll hear a farmers perspective on global trading relationships, the threat of a government shutdown and biotech labeling legislation. Cowan spent time with the Chinese officials last week in New Orleans and is optimistic for more productive discussions between the two countries. Cowan previews his testimony on food aid before the House Agriculture Committee this week. He is intently interested in the ongoing Trans Pacific Partnership talks this week in Atlanta and shares his view on a successful conclusion to the negotiations.
An upcoming merger of two major agriculture businesses will not only boost competitiveness for some of the country’s independent retailers but also join resources to bring new technologies in crop protection, nutrient management, and sustainable agriculture for farmers. In this week’s Open Mic Dan Knutson, Executive Vice President and Chief Financial Officer for Land O’ Lakes explains how the two-step merger of United Suppliers with Land O’ Lakes' Winfield business is a “merger of equals” combining the technology and resources of both companies to grow farm productivity despite lower returns and a maze of regulatory hurdles, like WOTUS.
This week’s Open Mic Guest is Dr. J.B. Penn, Chief Economist for Deere and Company. A golden era in U.S. agriculture appears to have passed. In this interview you’ll hear Dr. Penn’s thoughts on a new economic normal for U.S. agriculture, including his perspective on renewable fuels, and insight into a pending domestic interest rate increase. Dr. Penn discusses the challenge Chinese authorities face in managing a slowing instead of a growing economy and how their success or failure affects U.S. agriculture.
This week’s Open Mic guest is Monsanto’s Dr. Robb Fraley. Disappointed with the failed acquisition of Syngenta, Dr. Fraley discusses reasons for the pursuit of the global chemical giant and his company’s plans toward the future. While some consumers oppose genetically modified crops, Fraley gives reasons to pursue next generation innovation in chemistry, biologics, and genetics to achieve growth in the world food supply.
This week’s Open Mic features Frank Gasperini, CEO for the National Council for Agricultural Employers. In this interview you will hear the frustration labor intensive agriculture faces each year in finding an adequate hourly workforce to harvest crops and care for livestock and how a coalition has grown challenging Congress to take action. Gasperini defines how some proposals for immigration reform could decimate some facets of the ag industry and threaten our nation’s food security.
Jeff Nalley
Frank Gasperini, CEO for the National Council for Agricultural Employers
Our guest on Open Mic this week is USDA Chief Economist Robert Johansson. In this wide-ranging interview, you’ll hear his perspective on any relationship between the drop in equity markets and commodity prices, thoughts on China, Brazil and other countries lowering their currency values, and the implications of the EPA’s upcoming decision on RFS volume standards for US farm income.
