AEI.ag Presents
51 episodes - English - Latest episode: over 1 year ago - ★★★★★ - 40 ratingsAEI.ag presents provides in-depth analysis about key trends impacting the farm economy. Season 3:Nothing Borrowed, Nothing Gained.Season 2:Corn Saves America. Season 1:Escaping 1980.
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Episodes
S3|E11 The Farm Upstate
January 18, 2023 07:00 - 43 minutes - 29.9 MBIn the season finale, we head to Michigan for our last story as we think about the future of the farm financial system. Featured Guests: Brent King (B. Riley Advisory Service), Jeff Conrad (AgIS Capital LLC), Thomas Hoenig (Former President, Federal Reserve Bank of Kansas City), Nate Franzen (First Dakota National Bank)
S3|E10 Batten Down the Hatches
January 11, 2023 07:00 - 50 minutes - 34.7 MBWe shift our focus from understanding the past and present to trying to predict and prepare for the future. Experts weigh in with actions that producers can take now as we enter uncharted financial waters… but will they? Featured Guests: Curt Covington (AgAmerica), Thomas Hoenig (Former President, Federal Reserve Bank of Kansas City), Jim Knuth (Farm Credit Services of America)
S3|E9 Farmland is Blowing Up
December 21, 2022 07:00 - 47 minutes - 33 MBWhen the Federal Reserve adjusts interest rates, it can significantly affect asset values, including farmland. While attention in 2022 has focused on the Fed raising rates, the preceding decades-long policy of extremely low interest rates has also been consequential in the form of asset inflation - the cousin of price inflation. Featured Guests: Jim Farrell (Farrell Growth Group), Nate Franzen (First Dakota National Bank), Thomas Hoenig (Former President, Federal Reserve Bank of Kansas Cit...
S3|E8 Kansas City, We Have a Problem
December 14, 2022 07:00 - 56 minutes - 39 MBHow does a bank fail? What does “too big to fail” mean? Who audits the Fed? Dive into the connection between money supply and local loans. Featured Guests: Jim Farrell (Farrell Growth Group), Thomas M. Hoenig (Former President, Federal Reserve Bank of Kansas City)
S3|E7 Lender of Last Resort
December 07, 2022 08:00 - 39 minutes - 27.6 MBWhy is the U.S. government, and the Department of Agriculture in particular, involved in lending? Dive into how USDA's ag lending programs have shaped the ag economy and farming in general over the last hundred years, and learn what this can tell us about the overall health of the farm financial system. Featured guests: Jonathan Coppess (Associate Professor, University of Illinois), Heather Malcom (Bank of the Rockies), Mike Boehlje (Purdue University Department of Agricultural Economics).
S3|E6 The Dark Side of the Ledger
November 16, 2022 07:00 - 44 minutes - 30.4 MBVendor financing is nothing new in agriculture. But it has come a long way since the days of Cyrus McCormick. Explore how non-bank credit works, how it has changed, and what risks and opportunities it might pose to the overall agriculture finance system as we move out of two decades of low interest rates. Featured guests: John Blanchfield (Agricultural Banking Advisory Services), Curt Covington (AgAmerica), Mike Boehlji (Purdue University Department of Agricultural Economics), Nate Franzen ...
S3|E5 Move Fast and Farmer Mac
November 09, 2022 07:00 - 33 minutes - 23 MBHow does Farmer Mac fit into the big picture of ag lending? Its story is still being written. Featured guests: Brad Nordholm (Farmer Mac), John Blanchfield (Agricultural Banking Advisory Services), Jeff Conrad (AgIS Capital LLC).
S3|E4 Where Credit is Due
November 02, 2022 07:00 - 30 minutes - 21 MBGet to know the story of Farm Credit: why it was founded, how it works, and how it has both failed and succeeded.How is the Farm Credit system different from banks? What really sets Farm Credit apart is not how it lends its money, but how it gets funds in the first place. Plus: the story behind the bail out. Featured guests: Jim Farrell (Farrell Growth Group), Jim Knuth (Farm Credit Services of America), Curt Covington (AgAmerica), Mike Boehlje (Purdue University Department of Agricultural ...
S3|E3 A Loan Walks Into a Bank
October 26, 2022 07:00 - 46 minutes - 32 MBCredit can be a powerful tool. But it also comes with risks. One way to manage that risk is to understand who you're lending from and what their motivations and experiences are. How exactly does an agricultural lender work as a business? How do interest rates impact banking’s business model? Go behind the scenes to crunch the numbers. Featured guests: Nate Franzen (First Dakota National Bank), Heather Malcolm (Bank of the Rockies).
S3|E2 Earning Extra Credit
October 19, 2022 07:00 - 35 minutes - 24.7 MBDig deep into the history of agricultural lending, back to the days of the gold standard, the Wizard of Oz as allegory, and one particularly memorable speech by William Jennings Bryan. When you think of a banker, what image comes to mind? Learn why your perceptions might not match reality, especially when it comes to ag lending. Featured guest: John Blanchfield (Agricultural Banking Advisory Services).
S3|Ep1 Forever in Your (Farm) Debt
October 12, 2022 05:00 - 46 minutes - 32.4 MBConditions in the farm economy have changed rapidly since season one of the AEI.ag Presents podcast explored the 1980s farm crisis, and in sometimes contradictory ways. You may have heard that there is way less leverage and debt today than there was back then. Yet, farming has also gotten more capital intensive. Interest rates and inflation are also adding to growing uncertainty in 2022. So how much debt is there, really, in today’s agriculture economy? And what might be in store for the f...
S3|Trailer: Nothing Borrowed, Nothing Gained
September 14, 2022 19:00 - 2 minutes - 2.1 MBSeason 3 of AEI.eg Presents: Nothing Borrowed, Nothing Gained
BONUS: Ag Interrupted
July 22, 2022 21:00 - 31 minutes - 21.7 MBAEI.ag Presents will return this fall for season 3! While you are waiting on that, check out our newest podcast, Ag Interrupted, where we’ll take a deep look into agricultural trends that matter to learn more about the often unexpected ways that the agricultural industry, agricultural markets, and agricultural businesses get shaped by the history we’re not paying attention to. Listen to & follow Ag Interrupted wherever you listen to podcasts.
S2|Ep10 Corn Always Wins
January 13, 2022 12:00 - 54 minutes - 37.8 MBFor the tenth and final episode, Sarah, Brent, and David reflect on the season and key lessons. From biases to mental models, it’s important to consider how our own thought processes can impact our conclusions about ethanol and shape our expectations about carbon. Learn more about becoming and AEI Premium subscriber at AEI.ag/premium.
S2|Ep9 Does Ethanol Have a Future?
December 27, 2021 12:00 - 52 minutes - 36.4 MBFrom policy to electric vehicles, the future of ethanol is arguable as uncertain as it has ever been. Have the seeds for ethanol’s demise already been sown, or is the outlook less dire than it initially seems? In this episode, you’ll join Ag Economic Insights David Widmar and Brent Gloy, as well as economists, historians, policy advisors, and entrepreneurs as they share their perspectives on the birth of two environmental ag policies. Learn more about becoming and AEI Premium subscri...
S2|Ep8 Shift Happens
December 20, 2021 15:00 - 1 hour - 42 MBWhat happens when a demand shift pushes commodity prices and farm incomes higher? To answer this, we have to consider the short-run and long-run implications. Just as the challenges that ethanol faced evolved and shifted, so will the future of carbon and carbon markets. This episode, you’ll join Ag Economic Insights David Widmar and Brent Gloy, as well as economists, historians, policy advisors, and entrepreneurs as they share their perspective on the birth of two environmental ag poli...
S2|Ep7 Over Promised, Under Delivered
December 13, 2021 12:00 - 1 hour - 43.4 MBJust as corn-based ethanol production was surging to fulfill the mandates of the 2007 RFS, enthusiasm began shifting to the new kid on the block: cellulosic ethanol. With the help of the government - including mandated usage- the even better renewable fuel made from switchgrass, corn stover, or other biomass feedstocks was just around the corner, or so we thought. This raises important questions for carbon markets, what happens if the technologies needed, despite the enthusiasm and investmen...
S2|Ep6 Hitting the Wall
December 06, 2021 12:00 - 56 minutes - 38.7 MBThe goals of every policy are eventually tested in the real world. For ethanol, the challenges came in the form of the “blend wall,” which effectively capped the growth of this formerly booming sector. Even the best-designed policies will struggle to navigate conditions that were uncertain or difficult to predict when legislation was passed. For carbon, detecting those potential limits on future growth are critical, and making sure our eyes are open to the possible pitfalls in terms of polic...
S2|Ep5 If You Build It, They Will Come
November 29, 2021 12:00 - 57 minutes - 39.8 MBThe Renewable Fuels Standard (RFS) bolstered the market for corn-based ethanol, but also fueled a frenzy to build ethanol plants. Proposed plants got larger, building costs jumped higher, and a surge of potential projects created a regulatory and construction logjam. But just as fast as the mania turned red hot, the prospects of an even better technology and the ripples of the Great Recession shuttered projects that were years into planning. This episode, you’ll join Ag Economic Insi...
S2|Ep4 Chosen Too
November 22, 2021 12:00 - 50 minutes - 34.8 MBThough the amount of enthusiasm and excitement around voluntary ag carbon markets might make you believe that we’ve already determined that it’ll be the best way to involve agriculture in climate action, it’s definitely not the only, and likely not the best solution out there. In fact, there are several ways policymakers could create or motivate change, with various carrots and sticks, in the way that agriculture operates. Adding to the complication, even within a general policy solution - s...
S2|Ep3 Chosen One
November 15, 2021 12:00 - 55 minutes - 38 MBEthanol’s rise was fueled by the introduction of the Renewable Fuels Standard (RFS). Often lost in debates about implementing RFS has been the motivation, political shuffling, and history of two historic pieces of legislation. How exactly did RFS come to be, and what can we learn as it applies to the voluntary programs proposed for carbon? This episode, you’ll join Ag Economic Insights David Widmar and Brent Gloy, as well as economists, historians, policy advisors, and entrepreneurs as th...
S2|Ep2 Origin Story
November 08, 2021 12:00 - 43 minutes - 29.9 MBCorn alcohol has a long history as a fuel, going back well into the 19th century. Over time, it’s fallen in and out of favor, from being a pet project of Henry Ford’s to being outlawed during prohibition. By the 1970s, an oil crisis prompted farmers and lawmakers to take ethanol off the shelf, but it would languish until environmental concerns in the 1990s brought it back into the agricultural mainstream. Carbon markets are still very much experiencing their origin story, but by understand...
Origin Story
November 08, 2021 12:00 - 43 minutes - 29.9 MBCorn alcohol has a long history as a fuel, going back well into the 19th century. Over time, it’s fallen in and out of favor, from being a pet project of Henry Ford’s to being outlawed during prohibition. By the 1970s, an oil crisis prompted farmers and lawmakers to take ethanol off the shelf, but it would languish until environmental concerns in the 1990s brought it back into the agricultural mainstream. Carbon markets are still very much experiencing their origin story, but by understand...
S2|Ep2 Origin Story
November 08, 2021 12:00 - 43 minutes - 29.9 MBCorn alcohol has a long history as a fuel, going back well into the 19th century. Over time, it’s fallen in and out of favor, from being a pet project of Henry Ford’s to being outlawed during prohibition. By the 1970s, an oil crisis prompted farmers and lawmakers to take ethanol off the shelf, but it would languish until environmental concerns in the 1990s brought it back into the agricultural mainstream. Carbon markets are still very much experiencing their origin story, but by understand...
S2|Ep1 Are Carbon Markets the New Ethanol?
November 04, 2021 11:00 - 42 minutes - 29.3 MBFifteen years ago, corn ethanol was a wunderkind, set to cure the U.S.’ addiction to foreign oil, reduce the pollution caused by driving, and revitalize American agriculture and rural economies. In the intervening years, the problems evolved while ethanol remained, and today many question what the future of the sector might look like. Today the U.S. is facing a different set of challenges, particularly around climate change, and the search for a solution - perhaps a silver bullet - remains. ...
Are Carbon Markets the New Ethanol?
November 04, 2021 11:00 - 42 minutes - 29.3 MBFifteen years ago, corn ethanol was a wunderkind, set to cure the U.S.’ addiction to foreign oil, reduce the pollution caused by driving, and revitalize American agriculture and rural economies. In the intervening years, the problems evolved while ethanol remained, and today many question what the future of the sector might look like. Today the U.S. is facing a different set of challenges, particularly around climate change, and the search for a solution - perhaps a silver bullet - remains. ...
S2|Trailer AEI.ag Presents: Corn Saves America
October 27, 2021 18:00 - 2 minutes - 1.91 MBReturning from the successful and award-winning “Escaping 1980,” the AEI.ag team presents the second season of the podcast series. In Corn Saves America, Brent Gloy, David Widmar and Sarah Mock again use lessons learned from history, but this time as it applies to the future of carbon markets through the lens of corn ethanol. Rather than picking a side of the debate, the team is joined by a host of additional experts to review the rise of biofuel for lessons that are applicable to the curr...
AEI.ag Presents: Corn Saves America
October 27, 2021 18:00 - 2 minutes - 1.89 MBReturning from the successful and award-winning “Escaping 1980,” the AEI.ag team presents the second season of the podcast series. In Corn Saves America, Brent Gloy, David Widmar and Sarah Mock again use lessons learned from history, but this time as it applies to the future of carbon markets through the lens of corn ethanol. Rather than picking a side of the debate, the team is joined by a host of additional experts to review the rise of biofuel for lessons that are applicable to the curr...
Escaping 2020
December 16, 2020 21:00 - 1 hour - 46.6 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. In this final episode of Escaping 1980, we’re training our gaze on the horizon, armed with a solid understanding of what happened during the last farm crisis. The 1980s and today are not perfect foils for one another, but there are certainly similarities. And though the differences might offer some comforts, those similarities should give us pause. Di...
S1|Ep7 Escaping 2020
December 16, 2020 21:00 - 1 hour - 46.6 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. In this final episode of Escaping 1980, we’re training our gaze on the horizon, armed with a solid understanding of what happened during the last farm crisis. The 1980s and today are not perfect foils for one another, but there are certainly similarities. And though the differences might offer some comforts, those similarities should give us pause. Di...
S1|Ep6 Stability
December 09, 2020 19:00 - 41 minutes - 28.5 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. We’re going to put the crisis of the 1980s to bed, understand how the farm economy clawed its way out of peril, and evaluate how close we are today to achieving the same end: stability. But what exactly does "stability" mean? Escaping 1980 is sponsored by AEI Premium. Join the community for decision makers in agriculture. Free 14-day trial: https:/...
Stability
December 09, 2020 19:00 - 41 minutes - 28.5 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. We’re going to put the crisis of the 1980s to bed, understand how the farm economy clawed its way out of peril, and evaluate how close we are today to achieving the same end: stability. But what exactly does "stability" mean? Escaping 1980 is sponsored by AEI Premium. Join the community for decision makers in agriculture. Free 14-day trial: https:/...
Chapter 5: USDA Steps In
December 02, 2020 20:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. The culture of farming in the U.S. is a paradox. On one hand, American farmers and ranchers are the very picture of rugged individualism. When times are tough, they're looking for a hand up, not a handout. But in reality, American agriculture has needed a lot of hands up over the years, largely through the policies embodied in the farm bill. Dig de...
S1|Ep5 USDA Steps In
December 02, 2020 20:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. The culture of farming in the U.S. is a paradox. On one hand, American farmers and ranchers are the very picture of rugged individualism. When times are tough, they're looking for a hand up, not a handout. But in reality, American agriculture has needed a lot of hands up over the years, largely through the policies embodied in the farm bill. Dig de...
USDA Steps In
December 02, 2020 20:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. The culture of farming in the U.S. is a paradox. On one hand, American farmers and ranchers are the very picture of rugged individualism. When times are tough, they're looking for a hand up, not a handout. But in reality, American agriculture has needed a lot of hands up over the years, largely through the policies embodied in the farm bill. Dig de...
Bottoming Out
November 25, 2020 17:00 - 48 minutes - 33.4 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. At the lowest point of the 1980s, farmland prices had collapsed by 60%, and thousands of farmers were underwater and losing their farms. Excessive leverage and too much financing came up against spiking interest rates, and the combination became incredibly unsustainable. Learn about what was happening in farmland markets back then and how we price ...
S1|Ep4 Bottoming Out
November 25, 2020 17:00 - 48 minutes - 33.4 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. At the lowest point of the 1980s, farmland prices had collapsed by 60%, and thousands of farmers were underwater and losing their farms. Excessive leverage and too much financing came up against spiking interest rates, and the combination became incredibly unsustainable. Learn about what was happening in farmland markets back then and how we price ...
Chapter 4: Bottoming Out
November 25, 2020 17:00 - 48 minutes - 33.4 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. At the lowest point of the 1980s, farmland prices had collapsed by 60%, and thousands of farmers were underwater and losing their farms. Excessive leverage and too much financing came up against spiking interest rates, and the combination became incredibly unsustainable. Learn about what was happening in farmland markets back then and how we price ...
Chapter 3: The Slide
November 18, 2020 16:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. In the wider economy, two oil shocks hit the U.S. in the 1970s. The economic and political disruption that resulted was global, national, regional, and local, and led not only to gas rationing and unprecedented lines at the pump, but also to deep financial and psychological impacts that would nudge the farm economy over the edge. Wade into the murky...
S1|Ep3 The Slide
November 18, 2020 16:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. In the wider economy, two oil shocks hit the U.S. in the 1970s. The economic and political disruption that resulted was global, national, regional, and local, and led not only to gas rationing and unprecedented lines at the pump, but also to deep financial and psychological impacts that would nudge the farm economy over the edge. Wade into the murky...
The Slide
November 18, 2020 16:00 - 57 minutes - 39.3 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. In the wider economy, two oil shocks hit the U.S. in the 1970s. The economic and political disruption that resulted was global, national, regional, and local, and led not only to gas rationing and unprecedented lines at the pump, but also to deep financial and psychological impacts that would nudge the farm economy over the edge. Wade into the murky...
The Boom
November 11, 2020 12:00 - 57 minutes - 39.7 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Every farm crisis is unique, although they all follow a common trajectory of stability, boom, bust and recovery. But where does the “boom” end and the “bust” start? In this episode, we dig into what happened to the farm economy during the 1970s to better understand where we might be headed today. Houston, we have a problem. Escaping 1980 is sponsored ...
S1|Ep2 The Boom
November 11, 2020 12:00 - 57 minutes - 39.7 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Every farm crisis is unique, although they all follow a common trajectory of stability, boom, bust and recovery. But where does the “boom” end and the “bust” start? In this episode, we dig into what happened to the farm economy during the 1970s to better understand where we might be headed today. Houston, we have a problem. Escaping 1980 is sponsored ...
Chapter 2: The Boom
November 11, 2020 12:00 - 57 minutes - 39.7 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Every farm crisis is unique, although they all follow a common trajectory of stability, boom, bust and recovery. But where does the “boom” end and the “bust” start? In this episode, we dig into what happened to the farm economy during the 1970s to better understand where we might be headed today. Houston, we have a problem. Escaping 1980 is sponsored ...
S1|Ep1 Is Farm History Repeating Itself?
November 03, 2020 17:00 - 42 minutes - 28.9 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Is today’s fretful farm economy showing signs of another crisis ahead? It’s time to learn from the past before we become history. Escaping 1980 is sponsored by AEI Premium. Join the community for decision makers in agriculture. Free 14-day trial: https://aei.ag/premium/. Be your own guru. Dig deeper into the 1980s. Read more from AEI (and sign up t...
AEI Presents: Escaping 1980
November 03, 2020 17:00 - 2 minutes - 1.7 MBThe 1980s farm financial crisis was a defining moment for a generation of American farmers, leading to record levels of insolvency and a reshaping of the American countryside. Today, the farm economy is struggling yet again. Is this the 1980s all over again? Or is there still time to head off another crisis. Escaping 1980 is a podcast that explores the causes, impacts, and last effects of the farm financial crisis, to learn what we can do to avoid the next one. Join agricultural economis...
AEI.ag Presents: Escaping 1980
November 03, 2020 17:00 - 2 minutes - 1.7 MBThe 1980s farm financial crisis was a defining moment for a generation of American farmers, leading to record levels of insolvency and a reshaping of the American countryside. Today, the farm economy is struggling yet again. Is this the 1980s all over again? Or is there still time to head off another crisis. Escaping 1980 is a podcast that explores the causes, impacts, and last effects of the farm financial crisis, to learn what we can do to avoid the next one. Join agricultural economis...
S1|Trailer AEI.ag Presents: Escaping 1980
November 03, 2020 17:00 - 2 minutes - 1.7 MBThe 1980s farm financial crisis was a defining moment for a generation of American farmers, leading to record levels of insolvency and a reshaping of the American countryside. Today, the farm economy is struggling yet again. Is this the 1980s all over again? Or is there still time to head off another crisis. Escaping 1980 is a podcast that explores the causes, impacts, and last effects of the farm financial crisis, to learn what we can do to avoid the next one. Join agricultural economis...
Is Farm History Repeating Itself?
November 03, 2020 17:00 - 42 minutes - 28.9 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Is today’s fretful farm economy showing signs of another crisis ahead? It’s time to learn from the past before we become history. Escaping 1980 is sponsored by AEI Premium. Join the community for decision makers in agriculture. Free 14-day trial: https://aei.ag/premium/. Be your own guru. Dig deeper into the 1980s. Read more from AEI (and sign up t...
Chapter 1: Is Farm History Repeating Itself?
November 03, 2020 17:00 - 41 minutes - 28.9 MBExploring the causes, impacts, and lasting effects of one of the most infamous events in American agriculture history, the 1980s farm crisis. Is today’s fretful farm economy showing signs of another crisis ahead? It’s time to learn from the past before we become history. Escaping 1980 is sponsored by AEI Premium. Join the community for decision makers in agriculture. Free 14-day trial: https://aei.ag/premium/. Be your own guru. Dig deeper into the 1980s. Read more from AEI (and sign up t...