Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: East
Corn+Soybean Digest

The Road Warrior of Agriculture

The Panel

Recently I had the privilege of sharing a panel with Dr. Barry Flinchbaugh, Kansas State University, and John Blanchfield, head of the American Bankers Association Agricultural division.

Dr. Flinchbaugh made an interesting point that the cut in agricultural program payments could have a significant influence on land values and cash income in some states. For example, we had participants from North and South Dakota, Minnesota and Tennessee. Program payments make up 47% of net farm income in North Dakota, 35% in South Dakota, 23% in Minnesota and only 5% in Tennessee.

There were concerns amongst panel members that five factors would influence the next Farm Bill. Those included:

  • Recent WTO rulings
  • Federal deficits increasing to dangerous levels
  • Another recession
  • War
  • Political positions of key congressmen

The next Farm Bill selling points will be in three areas:

  • Energy sources from American agricultural production, i.e. ethanol, biodiesel, wind power
  • Conservation and environmental stewardship for all size farms
  • Homeland security i.e. traceback of production and distribution, concentration and food security

Side Note

When asked about the Rabobank purchase of Farm Credit Services of America, John Blanchfield indicated he thought it would pass stockholders and FCA, while Flinchbaugh was not as optimistic. However, it was on the minds of everyone in the room.

My e-mail address is:[email protected]

Editors' note: Dave Kohl, The Corn and Soybean Digest Trends Editor, is an ag economist specializing in business management and ag finance. He recently retired from Virginia Tech, but continues to conduct applied research and travel extensively in the U.S. and Canada, teaching ag and banking seminars and speaking to producer and agribusiness groups.

To see Dave Kohl's previous road warrior adventures type Dave Kohl in the Search blank at the top of the page.

This online exclusive is brought to you by The Corn and Soybean Digest

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.