ATR Agricultural Paradox: High Food Prices, Low Crop Returns With Jim Smith

In this episode of the Ag Tribes Report, host Vance Crowe is joined by Jim Smith, a swine nutritionist and farmer from Northeast Indiana, to discuss the latest developments in agriculture. The conversation kicks off with a deep dive into the recent crop and WASDE reports, highlighting the challenges farmers face with plummeting corn prices despite surging global food prices. The discussion expands to cover the EPA's new diesel exhaust fluid rules, which aim to ease equipment shutdowns and save family farms significant costs. The episode also touches on the historic drop in US alcohol consumption and its impact on barley, hops, and grape growers, as well as the Potter Valley water crisis affecting California farmers.

Vance and Jim explore the complexities of the current agricultural landscape, including the paradox of high global food prices and low crop prices, and the implications of new environmental regulations. They also delve into broader economic and cultural shifts, such as the decline in alcohol consumption and the rise of nonalcoholic alternatives. The episode concludes with a discussion on the value of Bitcoin in relation to farmland prices, offering listeners a comprehensive overview of the multifaceted issues facing the agriculture industry today.

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