Farm Press Blog

Not all is doom and gloom this holiday season

RSS
  • The future will be more about bushels than acres. If your goal is to increase production, consider that the cost of improving an acre to increase production has risen at a far lower rate than the cost of purchasing an acre to increase production.

Hopefully, old planet earth is still spinning at this moment – due to a shortened Christmas schedule, this was written prior to Friday, Dec. 21, 2012, which is the ominous last day of the Mayan calendar, the December solstice and the first day I can renew a prescription for my allergy medicine.

Of course, we could very well escape the Mayan apocalypse without a scratch, which was supposed to have happened at 5:11 a.m. central time by the way, then walk right off something called a fiscal cliff.

Robert Wiedemer, who correctly predicted the collapse of the U.S. housing market back in 2008, possesses one of the darker minds of the fiscal cliff club. He is now saying the United States could face 50 percent unemployment, a 90 percent stock market crash and 100 percent annual inflation, starting as soon as 2013.

If this happens, I am willing to do light farm work for food.

On the other hand, economist Michael Swanson, senior vice president of Wells Fargo and Co., who spoke at the recent USA Rice Outlook Conference in sunny San Diego, Calif., recently, thinks the fiscal cliff is nothing more than a really bad metaphor.

“They make it sound like it’s an actual cliff,” Swanson said. “But if we raise tax rates and cut spending, what would happen to investor confidence if we could take this huge deficit down from historic levels?”

Swanson is bullish on U.S. agriculture. “When you look at the resource base that we have, and what we do with it, it’s incredible. U.S. agriculture is going to be a long-term, thriving competitor in a global economy that wants more food and fiber. Agriculture is doing extremely well, and it’s not something that we can outsource.”

Another positive Swanson sees are the technological changes in energy which have increased both domestic crude oil and natural gas production. “Those are two avenues that are going to be huge benefits for the U.S. economy on an ongoing basis. It’s going to close our trade gap and give us a huge cost advantage over a lot of our rivals around the world in most commodity production.”

That’s not to say there are not pitfalls out there, beginning with inflated land values, made possible by low interest rates and high commodity prices.

Swanson stresses that the future will be more about bushels than acres. Every farm situation may be different, he says, but if your goal is to increase production, consider that the cost of improving an acre to increase production has risen at a far lower rate than the cost of purchasing an acre to increase production.

Agriculture’s future looks brighter than many would think, as long as we don’t fall off a cliff or bump into another planet.

Discuss this Blog Entry 10

on Apr 12, 2013

We are a customer oriented organisation and we believe in putting our best foot forward in our journey to pinnacle.
Greenopolis sector 89 gurgaon
Anantraj madelia manesar
Ireo skyon

on May 7, 2013

Another positive Swanson sees are the technological changes in energy which have increased both domestic crude oil and natural gas production. Supplements for healthy skin

on May 9, 2013

Swanson stresses that the future will be more about bushels than acres. Every farm situation may be different buy youtube views

on May 12, 2013

Swanson is bullish on U.S. agriculture. “When you look at the resource base that we have, and what we do with it, it’s incredible. AnimeNendoroid

on May 13, 2013

That’s not to say there are not pitfalls out there, beginning with inflated land values, made possible by low interest rates and high commodity prices. modern dining table sets

on May 13, 2013

They make it sound like it’s an actual cliff,” Swanson said. “But if we raise tax rates and cut spending, what would happen to investor confidence if we could take this huge deficit down from historic levels? photo thank you cards

on May 14, 2013

Those are two avenues that are going to be huge benefits for the U.S. economy on an ongoing basis. Garcinia Cambogia

on May 14, 2013

Robert Wiedemer, who correctly predicted the collapse of the U.S. housing market back in 2008, buy smart drugs

on May 14, 2013

Those are two avenues that are going to be huge benefits for the U.S. economy on an ongoing basis spiegels

alice (not verified)
on Jun 3, 2013
Post new comment
or to use your Western Farm Press ID
What's Farm Press Blog?

The Farm Press Daily Blog

Connect With Us

Blog Archive
Continuing Education Courses
New Course
California is becoming the first state in the nation to invoke regulations to reduce Volatile...
New Course
Ant control is an important element of harvesting a high quality almond crop. It starts with...
This accredited CE course focuses on choosing the correct variety alfalfa based on a number of...

Sponsored Introduction Continue on to (or wait seconds) ×