CropVillage update for July 2, 2009, Commodity Swaps - Good, Bad and Ugly, Plus Climate Change Legislation May Burn Agriculture

Update for July 2, 2009

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On the one hand…

Conversations with Washington watchers the past week during the climate legislation reinforced the willingness of coastal regions to sock it to the midwest when possible, ala’ coal burning regions to feel the heat of the energy cap and trade legislation. As an energy intensive industry, we’ll pay more than we get.

On the other hand…

Hard work by Ag Committee Dems helped contain the damage and ensured the USDA will manage much of agriculture’s involvement.

Having said that, what comes out on the other side of the Senate’s version and following conference committee work will surely look different if we see it at all. Current conventional wisdom says, "Not likely."

It’s a challenging time as my brother and I were discussing this week. I’m sure your family is having the same conversation.

CropVillage Conversations
  • MP3 fileAudio: CropVillage 0164, Climate Change Legislation May Burn Agriculture.
  • MP3 fileAudio: CropVillage 0163, World Ag Forum - Connecting Conservation and Development.
  • MP3 fileAudio: CropVillage 0162, Commodity Swaps - Good, Bad and Ugly.
CropVillage Headliners
  • Link to blogBlog: Tastes and Preferences, By Dennis DiPietre. "We usually think about demand in the two dimensional way that we are restricted to visualizing it in with a graph. That is, the amount demanded is a function of price. In actuality there are several other factors which determine demand that are embedded in those graphs but not visualized." Read more.
  • Link to blogBlog: When Tough Times Take an Emotional Toll. By Don Tyler. Read more.
CropVillage Conference Connection
  • Most viewed video presentation from The National Institute for Animal Agriculture's The Changing Face of Animal Agriculture conference held March 31 - April 1, 2009, Louisville, Kentucky, USA.
    • MP3 fileVideo: Bill Medley - How Wall Street is Impacting Credit to Farmers.

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Thanks, again, for listening!

Ned Arthur
Your CropVillage Host

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