In the latest episode of the Wheat's on Your Mind Podcast, Ben Brown, Extension economist at the University of Missouri, joins host Aaron Harries to break down current challenges and developments in U.S. agriculture.
From his family farm in western Missouri to his influence on national ag policy through FAPRI, Ben offers a unique blend of personal insight and professional analysis.
The episode covers everything from his Kansas State roots and mentorship by Dr. Barry Flinchbaugh to the evolution of FAPRI as a resource for ag policy evaluation and outreach.
Ben delves into market dynamics, explaining how acreage shifts, international trade, and input costs are reshaping the agricultural landscape.
He shares comparative insights on Brazilian production advantages and outlines how current tariffs and a weaker U.S. dollar are influencing export behavior.
The episode concludes with a thoughtful discussion of the status of the Farm Bill, the potential for ad hoc assistance, and the resources available to producers seeking clarity during uncertain times.
It’s a must-listen for anyone tracking policy and market trends in wheat and beyond.
Ten Takeaways
- FAPRI provides data-driven policy analysis to inform legislators but does not create policy.
- Missouri producers typically grow soft red winter wheat due to local infrastructure and market logistics.
- Cotton and rice are under financial pressure due to global demand and export challenges.
- Corn acreage is increasing as it out competes other crops financially in many regions.
- Grain sorghum is seeing unexpected acreage gains despite weak prices.
- U.S. wheat exports are outperforming expectations amid global uncertainty.
- Brazil's ag expansion is driven by favorable currency exchange and lower fixed costs.
- U.S. producers may benefit from adapting Brazilian equipment-sharing strategies.
- The Farm Bill’s future is uncertain, with budget tensions in Congress stalling progress.
- Government payments remain a major support mechanism for farm income.
Timestamps
00:01 – Introduction of guest Ben Brown and his background in agriculture and Extension.
01:21 – Family farm operations and diversified strategy with row crops and cattle.
03:29 – Differences between soft red and hard red winter wheat in Missouri.
04:04 – FAPRI’s history, role in farm policy analysis, and national collaboration.
07:28 – Funding sources for FAPRI and outreach efforts like annual conferences.
10:13 – Reflections on K-State, mentorship by Dr. Flinchbaugh, and the impact of international study in Brazil.
13:45 – Brazil's influence on U.S. and global agriculture.
14:43 – U.S. crop outlooks: pressures on cotton, rice, sorghum, corn; implications for wheat.
20:29 – Impact of government payments on net farm income.
22:23 – Tariffs and trade dynamics for sorghum, corn, wheat; resilience of exports.
26:11 – U.S. dollar trends and implications for global trade.
27:51 – Brazil’s cost advantages and machinery-sharing strategies.
32:17 – Status of the Farm Bill, congressional budget debates, ad hoc assistance potential.
36:50 – CCC funding mechanics and limitations for trade assistance.
39:07 – Contact information and closing remarks.