Economics

Living in a World Where Everything is an Externality

     Nicholas Kristoff, an editorial writer for the NYT has recently written an opinion piece calling on President-elect Obama to take the bold step of changing the name of the Department of Agriculture to the Department of Food. http://www.nytimes.com/2008/12/11/opinion/11kristof.html 

     The main reason behind his recommendation is to unseat the powerful agri-business lobby from controlling government policy, that among other things has favored factory farms raising as many as 5,000 hogs and that these "large operations receive, in effect, a $24 subsidy for each hog raised. We face an obesity crisis and a budget crisis, and we subsidize bacon?"

"When You Are Out of Cash, You are Out of Business"

"When you are out of cash, you are out of business", is a truism which should be on the top of everyone's mind these days.  With the bankruptcy filing of Pilgrim's Pride and VeraSun we are witnessing the turmoil and equity destruction which has been brought on by the tremendous volatility in commodity prices experienced over the last year.  This volatility is directly related to (but not completely the result of) government policy interventions, especially ethanol policy.

Swine Industry Update for end of year

Mark Greenwood
December 2008

Light at the end of the tunnel?

China and the Global Slowdown

     China is facing some serious internal issues related to the global slowdown that is underway.  Growth is certainly slowing in China as a direct result of weakening global demand for its products.  This poses some significant problems for the Chinese economy since it is widely believed that China must maintain a 7-9% annual increase in GDP to maintain employment stability.  Last year growth was almost 12% and has been double digit for many years.  Forecasts for 2009 have been as low as 5-6% up to the minimum levels in the target range.

Swine Forecast 2009: Jim Long and international swine production picture.

Jim Long, president and CEO of Genesus Swine Genetics, shares perceptions and comments on the international swine production picture.

Swine Forecast 2009: Dr. Steven McOrist and on-site production experience in China

Dr. Steven McOrist at the University of Nottingham, with 24 years of comprehensive high-level participation and experience in production animal industries, draws on his on-site production experience in China and recent travels.

Swine Forecast 2009: Karol Aure-Flynn and agribusiness experience in the Western US

arol Aure-Flynn of Rabobank International shares years of agribusiness experience in the Western US. Responsible for covering issues in the US grains and oilseed complex, and discussing today US and International financing.

SwineCast 0359d for November 27 2008

SwineCast 0359d Show Notes:

SwineCast 0359c for November 27 2008

SwineCast 0359c Show Notes:

SwineCast 0359b for November 27 2008

SwineCast 0359b Show Notes:

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