World Perspectives

Recent Macroeconomics Analysis

Western Currency Dominance

Western sanctions have bolstered interest by China and Russia in creating a third reserve currency to challenge the dollar and the euro. There is discussions of creating a BRICS (Brazil, Russia, India, China, South Africa) based basket currency similar to the IMF’s SDR’s. After all,...

Pivot to Latin America

Washington made a famous “pivot to Asia” in 2012 under the Obama Administration. The rise of China and a realization that 60 percent of the world’s population was not in the Europe/Middle East but in Asia. Vladimir Putin has reminded the U.S. capital that Europe remains at ris...

Agriculture Key in Presidential Races; Philosophical Fight Over Farm Spending

Agriculture Key in Presidential Races Current Kenyan Trade Minister Betty Maina this week said her country’s goals ‘haven’t changed’ and still seeks a free trade agreement with the U.S. However, William Ruto was declared the winner in Kenya’s presidential race, and...

Geopolitics and Trade; Labor’s Distortions

Geopolitics and Trade Post WWII trade policy by Washington was largely driven by Cold War tactics. Offer countries easier access to the big American consumer market in exchange for supporting the West against the Soviet Union. There was a brief 20-year period after the fall of the USSR in which...

livestock

Livestock Round Up: Energy Inflation Down, Food inflation Up in July

According to yesterday’s Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), overall consumer prices were unchanged in July, that does not indicate that inflation is over. On a year-to-year basis, inflation in July was up 8.5 percent from July 2021. Excluding ene...

GMO Cross-Contamination; Africa’s Heartbeat – Kenya; Fertilizer Crunch; EFSA Animal Welfare

GMO Cross-Contamination The European Union Court of Justice affirmed Italy’s ban on planting MON810 corn despite its approval at the EU-level. Italy could not cite public health or the environment for its prohibition since it has already passed these tests at the EU-level. Instead , the r...

U.S. Trade Strategy in Africa; USDA Changes Tune; Pick Your Poison

U.S. Trade Strategy in Africa U.S. Secretary of State Antony Blinken announced a new Sub Saharan Africa strategy that focused on governance, security, rebounding from COVID and climate change, but not trade. An FTA with Kenya has been stalled, and South Africa is asking for elimination of Secti...

Cold, Hungry Winter

Europe is facing an energy crisis this coming winter and the food situation could be bad as well. This summer’s drought, reduced corn and sunflower oil imports from Ukraine, and the fact that energy prices are tied to food could make for an equally bad situation. This is exacerbated by th...

Kill a Competitor; North American Lumber

Kill a Competitor Polling shows that former Brazilian President Luix Inácio Lula da Silva will beat the incumbent, Jair Bolsonaro, in the upcoming 2 October election. U.S. farmers would do well to support his campaign. He and his deputy, Geraldo Alckman, have pledged full support to the...

Taiwan FTA Foolery

U.S. House Speaker Nancy Pelosi is doubling down on her support of Taiwan and attack on China. She said a free trade agreement (FTA) with Taiwan “might be possible and soon.” Congressional Democrats have historically shunned FTA’s due to opposition from organized labor. There...

Tai Not Lighthizer?; Cart Before the Horse

Tai Not Lighthizer? In one of the odder developments, Congressional Democrats are complaining about a lack of consultation by USTR over trade policy pursuits like the Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity. There are three incongruities about the si...

Food Inflation

U.S. gasoline prices are up 60 percent June to June and deservedly receive more than food price inflation. Year to date, consumer food inflation is at 6.7 percent, though USDA expects it to be closer to 8.5 to 9.5 percent. The meat category is a main component pulling it higher with consumer in...

Geopolitical Strife; ICE as Farm Bill; No Wharp Speed

Geopolitical Strife U.S. House speaker Nancy Pelosi surprised some after she went to Taiwan despite China’s warning that it would cause a military confrontation. Is she smartly calling China’s bluff, or trying everything possible to make her Party look strong ahead of mid-term elect...

Risky Strategy; Factoid

Risky Strategy Some Congressional and Taiwanese officials are convinced that House Speaker Nancy Pelosi will visit Taiwan this week. The U.S. Navy has reportedly moved assets closer to the island after Beijing warned of military retaliation. Meanwhile, the Senate Foreign Relations Committee wil...

Dems Get Their Package

With inflation and the hitting two quarters of negative GDP growth, the Democrats badly need a legislative win to bolster their chances in the mid-term elections. Senator Joe Manchin (D-West Virginia) has provide them with that opportunity. He conceded to a $700 billion package that includes:...

War Helps EU Farmers Win; R&D Flush; Secrecy Loses

War Helps EU Farmers Win “Virtually all” EU member states have agreed to extend derogations from the new Good Agricultural and Environmental Condition (GAEC) practices through the 2023 production year. Greens and their political leaders were opposed but when faced with otherwise bei...

Calmer Approach to China

President Joe Biden is scheduled to speak to Chinese President Xi Jinping this week, the first direct conversation since March. However, it is expected to be a confidence building effort rather than more critical attacks. Basically, Beijing has helpfully avoided provocative moves in support of...

Nahrung folgt Energie

The EU is providing member states with near-term flexibility in blending together the goals of greening agriculture and yet producing more food and German Agriculture Minister Cem Özdemir does not like it one bit. Özdemir has the unique position of being a Green Party member running a...

Recession Impacts on Trade

Business confidence is a key factor in the economy and there is a battle over whether the Fed’s interest rate hikes (another 75 basis points coming Wednesday) will push the economy into recession. As a top economic cheerleader, U.S. Treasury Secretary Janet Yellen understandably downplays...

Africa’s Opportunity; Dying for the Planet

Africa’s Opportunity Africa has been dependent on Russia for cheap wheat and on China for foreign direct investment. Now the U.S. and Europe are stepping up competition for the Continent’s resources and people. President Biden hosts 50 African leaders later this year and some believ...

Tax the Other Guy

The UN Intergovernmental Panel on Climate Change forecasts temperatures to continue rising across Europe at a rate exceeding average global temperature changes in the years to come. Worse, the frequency and intensity of heat extremes will increase. Europe has made large sacrifices attempting to...

New World Order; Cure Worse than the Disease

New World Order U.S. Treasury Secretary Janet Yellen said yesterday that harsh consequences will be imposed on countries that break the international economic order and charged Russia with weaponizing economic integration. For Moscow, that must have sounded rich since it is Washington trying to...

Agriculture and Emissions

It is well known that agriculture is concurrently a contributor to global greenhouse gas emissions, and a potential sink for carbon and contributor to reduced emissions. Mitigation practices run the gamut from soil management to pasture and animal systems, land-use changes and energy use and ma...

Future for Agriculture

To some analysts, the current global crisis is because we have outsourced too much - labor, energy, food, national security. That has opened the pathway for bad actors to disrupt what was a delicate geopolitical balance. To others, mutual interdependence is the only option given the geographic...

Western Currency Dominance

Western sanctions have bolstered interest by China and Russia in creating a third reserve currency to challenge the dollar and the euro. There is discussions of creating a BRICS (Brazil, Russia, India, China, South Africa) based basket currency similar to the IMF’s SDR’s. After all,...

Pivot to Latin America

Washington made a famous “pivot to Asia” in 2012 under the Obama Administration. The rise of China and a realization that 60 percent of the world’s population was not in the Europe/Middle East but in Asia. Vladimir Putin has reminded the U.S. capital that Europe remains at ris...

Agriculture Key in Presidential Races; Philosophical Fight Over Farm Spending

Agriculture Key in Presidential Races Current Kenyan Trade Minister Betty Maina this week said her country’s goals ‘haven’t changed’ and still seeks a free trade agreement with the U.S. However, William Ruto was declared the winner in Kenya’s presidential race, and...

Geopolitics and Trade; Labor’s Distortions

Geopolitics and Trade Post WWII trade policy by Washington was largely driven by Cold War tactics. Offer countries easier access to the big American consumer market in exchange for supporting the West against the Soviet Union. There was a brief 20-year period after the fall of the USSR in which...

livestock

Livestock Round Up: Energy Inflation Down, Food inflation Up in July

According to yesterday’s Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), overall consumer prices were unchanged in July, that does not indicate that inflation is over. On a year-to-year basis, inflation in July was up 8.5 percent from July 2021. Excluding ene...

GMO Cross-Contamination; Africa’s Heartbeat – Kenya; Fertilizer Crunch; EFSA Animal Welfare

GMO Cross-Contamination The European Union Court of Justice affirmed Italy’s ban on planting MON810 corn despite its approval at the EU-level. Italy could not cite public health or the environment for its prohibition since it has already passed these tests at the EU-level. Instead , the r...

U.S. Trade Strategy in Africa; USDA Changes Tune; Pick Your Poison

U.S. Trade Strategy in Africa U.S. Secretary of State Antony Blinken announced a new Sub Saharan Africa strategy that focused on governance, security, rebounding from COVID and climate change, but not trade. An FTA with Kenya has been stalled, and South Africa is asking for elimination of Secti...

Cold, Hungry Winter

Europe is facing an energy crisis this coming winter and the food situation could be bad as well. This summer’s drought, reduced corn and sunflower oil imports from Ukraine, and the fact that energy prices are tied to food could make for an equally bad situation. This is exacerbated by th...

Kill a Competitor; North American Lumber

Kill a Competitor Polling shows that former Brazilian President Luix Inácio Lula da Silva will beat the incumbent, Jair Bolsonaro, in the upcoming 2 October election. U.S. farmers would do well to support his campaign. He and his deputy, Geraldo Alckman, have pledged full support to the...

Taiwan FTA Foolery

U.S. House Speaker Nancy Pelosi is doubling down on her support of Taiwan and attack on China. She said a free trade agreement (FTA) with Taiwan “might be possible and soon.” Congressional Democrats have historically shunned FTA’s due to opposition from organized labor. There...

Tai Not Lighthizer?; Cart Before the Horse

Tai Not Lighthizer? In one of the odder developments, Congressional Democrats are complaining about a lack of consultation by USTR over trade policy pursuits like the Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity. There are three incongruities about the si...

Food Inflation

U.S. gasoline prices are up 60 percent June to June and deservedly receive more than food price inflation. Year to date, consumer food inflation is at 6.7 percent, though USDA expects it to be closer to 8.5 to 9.5 percent. The meat category is a main component pulling it higher with consumer in...

Geopolitical Strife; ICE as Farm Bill; No Wharp Speed

Geopolitical Strife U.S. House speaker Nancy Pelosi surprised some after she went to Taiwan despite China’s warning that it would cause a military confrontation. Is she smartly calling China’s bluff, or trying everything possible to make her Party look strong ahead of mid-term elect...

Risky Strategy; Factoid

Risky Strategy Some Congressional and Taiwanese officials are convinced that House Speaker Nancy Pelosi will visit Taiwan this week. The U.S. Navy has reportedly moved assets closer to the island after Beijing warned of military retaliation. Meanwhile, the Senate Foreign Relations Committee wil...

Dems Get Their Package

With inflation and the hitting two quarters of negative GDP growth, the Democrats badly need a legislative win to bolster their chances in the mid-term elections. Senator Joe Manchin (D-West Virginia) has provide them with that opportunity. He conceded to a $700 billion package that includes:...

War Helps EU Farmers Win; R&D Flush; Secrecy Loses

War Helps EU Farmers Win “Virtually all” EU member states have agreed to extend derogations from the new Good Agricultural and Environmental Condition (GAEC) practices through the 2023 production year. Greens and their political leaders were opposed but when faced with otherwise bei...

Calmer Approach to China

President Joe Biden is scheduled to speak to Chinese President Xi Jinping this week, the first direct conversation since March. However, it is expected to be a confidence building effort rather than more critical attacks. Basically, Beijing has helpfully avoided provocative moves in support of...

Nahrung folgt Energie

The EU is providing member states with near-term flexibility in blending together the goals of greening agriculture and yet producing more food and German Agriculture Minister Cem Özdemir does not like it one bit. Özdemir has the unique position of being a Green Party member running a...

Recession Impacts on Trade

Business confidence is a key factor in the economy and there is a battle over whether the Fed’s interest rate hikes (another 75 basis points coming Wednesday) will push the economy into recession. As a top economic cheerleader, U.S. Treasury Secretary Janet Yellen understandably downplays...

Africa’s Opportunity; Dying for the Planet

Africa’s Opportunity Africa has been dependent on Russia for cheap wheat and on China for foreign direct investment. Now the U.S. and Europe are stepping up competition for the Continent’s resources and people. President Biden hosts 50 African leaders later this year and some believ...

Tax the Other Guy

The UN Intergovernmental Panel on Climate Change forecasts temperatures to continue rising across Europe at a rate exceeding average global temperature changes in the years to come. Worse, the frequency and intensity of heat extremes will increase. Europe has made large sacrifices attempting to...

New World Order; Cure Worse than the Disease

New World Order U.S. Treasury Secretary Janet Yellen said yesterday that harsh consequences will be imposed on countries that break the international economic order and charged Russia with weaponizing economic integration. For Moscow, that must have sounded rich since it is Washington trying to...

Agriculture and Emissions

It is well known that agriculture is concurrently a contributor to global greenhouse gas emissions, and a potential sink for carbon and contributor to reduced emissions. Mitigation practices run the gamut from soil management to pasture and animal systems, land-use changes and energy use and ma...

Future for Agriculture

To some analysts, the current global crisis is because we have outsourced too much - labor, energy, food, national security. That has opened the pathway for bad actors to disrupt what was a delicate geopolitical balance. To others, mutual interdependence is the only option given the geographic...

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