In the Long Run It’s, Well, a Long Run

One of the oldest theoretical constructions in economics declares that in a perfect market, short term profits and losses eventually even out so that, in the long term, all profits are zero.

      Famed 20th century English economist John Maynard Keynes gets credit for restating this jargon-rich theory into clear, concise language when, in 1923, he wrote, […]

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By the Numbers

Before spring arrives and our attention turns to blue sky, dancing daffodils, and why the corn planter’s GPS isn’t working, let’s take a few minutes to lock in key numbers that will dominate the still-young farm and ranch year.
For example, as of Wednesday, March 8, Congress has 66 legislative days remaining until its lengthy August […]

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A Stiff-Necked People

The message from the U.S. Department of Agriculture Outlook Forum in late February was pretty clear: In 2016, we will again grow more farm goods—and, in some cases, far more—than the U.S. and world markets can profitably use.
In case you missed the number-fest, permit me to highlight the low lights of this year’s presentations.
–Barring an […]

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Tweet, Tweet

The tweeting heard by U.S. farmers and ranchers this fall isn’t that loquacious social media birdie Twitter. Instead, it’s canaries—coal mine canaries, to be exact—and their song is neither short nor sweet.
In fact, it’s downright dour. According to U.S. Department of Agriculture data, this year’s 36 percent fall in net farm income is the biggest […]

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Diversity and Resilience versus Corn and Soybeans

By car, Quebec City, Quebec, is 1,840 miles from Bismarck, ND. I know because in the last two months I have seen every mile of highway between North Dakota’s state capital on the Missouri to Quebec’s provincial capital on the St. Lawrence.
Interestingly, as you drive west to east across arguably some of the New World’s […]

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Storm Brewing

As daylight faded, the growing, mid-August thunderstorm chased us eastward across the Kansas plains. In the rearview mirror, it looked like something out of the Wizard of Oz, a rolling mass of perfect fury.
Finally, just as we parked under the covered driveway of chain hotel in Russell about 9 pm, the storm caught us in […]

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