September 24, 2025 • 16 mins
Cattle markets reach unprecedented heights amid rumors of USDA incentives to rebuild herds and growing concerns about screwworm threats near the U.S.-Mexico border. Global grain markets respond to Argentina's elimination of export taxes while farmers in the Northern Plains contend with variable yields and challenging economic conditions.
• Record cattle prices driven by potential USDA heifer retention incentives
• Screwworm threat intensifying with cases increasing 50% south of Mexico border
• LRP insurance offers protection for ranchers navigating volatile markets
• Argentina eliminates export taxes, leading to immediate Chinese soybean purchases
• Spring wheat harvest completed with decent quality in Northern Plains
• Regional variations in crop conditions with wet weather impacting some areas
• Looming government shutdown threatens CCC funding and potential farm payments
• Interest rate cuts providing some relief but agricultural profitability remains challenged
• Gold and silver reaching record highs as alternative investments
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:13):
good afternoon everyone.
Tommy grisafi, agbo media, agbotrading, agbo podcast.
We got a lot of agbos here.
I'm down in valparaiso, indiana, or, as my friend likes to say,
in my mother's basement here wegot the nasvic trading logo
behind me.
That's where I clear my tradesthrough.
I am an associate person ofNASVIC trading group.
We just announced earlier wegot a new podcast coming out, mr
(00:34):
Mike Sands.
We're calling it Fat Tuesdayand that is no relationship to
this next guy we're introducingto you.
But he's got me laughing.
He said something off thescript, so doggone funny.
He got me cracking up, sothat's funny.
Anyway, we won't tell him whatyou said because it's just too
good.
All right, how you doing tommyI'm doing well.
We have lots to talk about, andsometimes you and I plan these
(00:58):
better than others.
This one's a little unscripted,as they like to say.
I want to talk to you aboutcattle.
We had, or have, the mostdynamic cattle market we've ever
had, and now there's, likethese, rumblings coming out of
the usda.
None of us quite know, but the,the twitter x, is just blowing
up on speculation of what itcould be.
It may be nothing, it may be anothing burger, but I think
(01:20):
there's something behind it.
What are you hearing?
Done again just rumors.
Speaker 2 (01:22):
At this point we're looking for something official
from usda, but there's somethingbehind it.
What are you hearing, don?
Again, just rumors.
At this point we're looking forsomething official from USDA,
but there's been some quotesattributed to the Ag Secretary
about some type of incentives torebuild that cattle herd.
I'm not exactly sure how thatwould work.
Cattle industry isn't quitelike we're used to seeing some
of the relief payments maybe wehave in the grain sector, but it
(01:44):
does have the market, or atleast the the rumor mill
churning anyway yeah, now let'sgo back to.
Speaker 1 (01:49):
That was just today, let's go back to yesterday, and
that was yesterday too.
But people thought the marketmoved up yesterday because of
the screwworm.
I, I don't think it had verymuch to do with mexico and the
screwworm.
I think it had way more to dowith her comments that were
buried about paying ranchers toretain heifers, which would
massively make the back monthsbullish.
Yesterday in the feeder cattlethree of the back months
(02:11):
finished limit up and but thenwe do have the screw worm now.
The gentleman from texas, thewho's, the sid, the, the, yeah,
yeah he was on today, yeah, he,he's sharp and what he said was
this is scary as hell, don.
He said, yes, there was a screwworm 70 miles from the border,
but you take where all the screwworm cases are.
300 miles south of the border,cases have went up 50%.
(02:35):
Have you heard anything likethat?
Speaker 2 (02:39):
Certainly we haven't gotten this thing handled.
They're looking at trying toamp up the sterile flies that
they need to try and get rid ofthis pest.
The National Cattlemen's BeefAssociation has come out with a
statement supporting the Trumpadministration, supporting all
the work that Rollins has done,but because of this new case
just an hour south of the border, they are saying that they'd
(03:03):
like EPA to expedite havingpesticides available that may be
able to control this insect.
They want USDA to step up,expedite the building of this
facility.
They've got this five-prongplan that is in place to deal
with New World Screwworm and oneof them is to build this
domestic sterile fly facility.
(03:25):
They want to get that amped up.
They're just there's aobviously a lot of concern and
they're trying to, you know,light the fire.
I think a little bit under theadministration on this one.
Speaker 1 (03:35):
Yeah you want to see what the cattle pits look like
yesterday, what the trade looklike?
This is what it.
This is what it looked like.
This is every day in thesecattle.
It's crazy.
All right, In all seriousness,let's talk markets.
Well, we were being serious,but I asked you some hard
questions that I knew weren'tanswerable and I could briefly
see you were uncomfortable.
(03:57):
That's what you've been doingto people for 40 years asking
the hard questions, but you'renot.
You don't try to stump people,I know, but I knew it.
I did the other day.
Speaker 2 (04:06):
I was laughing, but you did well, you did really
well, I'd rather be on the otherside of the microphone.
That's for now.
Speaker 1 (04:13):
I was laughing there because I knew like we don't
know.
But I had a young rancher fromNorth Dakota just call me and
said what do you think I shoulddo?
And this is the actionablething here If you're involved in
this cattle industry and pricesare at record, record highs and
they're exploding, the fact youcan do LRP insurance is amazing
.
The fact you can protect a calfthat's not born yet through a
(04:35):
government policy, I think ispretty damn cool.
So if you need help with that,you can give us a call.
I have plenty of friends overat Nesvik who are qualified to
sell LRP.
I I have plenty of friends overat Nesvik who are qualified to
sell LRP.
I'll pop up my number rightthere 1-855-737-FARM.
I really think that this is achance.
You always say I'm going toprotect them.
I'm going to do this.
Listen, you got to do it whilethe market's going up.
(04:55):
Don you know as well as I doonce this market starts to
headline news?
we're not getting much done withthis guy, are we?
No, there was a phone call,obviously on Friday, between
Trump and Xi.
Speaker 2 (05:14):
They talked about TikTok primarily.
Trump mentioned trade in hispost on Truth Social, but no
reference to soybeans.
I think that had particularlythe soybean market somewhat
disappointed, just becausethere's some anticipation that
maybe we'd get an announcement.
They're just hanging on everyword that will come out of the
White House at this point.
Speaker 1 (05:34):
Yeah, hey.
Speaking of soybeans, we hadthat news yesterday about
Argentina, argentina loweringthose taxes.
They've lowered them before,they lowered them a few months
ago, but they took them to zero,I believe.
The only way I could explain itit's like every American farmer
waking up and all their cornbeans and wheat are worth 20 to
25% more.
Is that the way you understandit, mr Wick?
Speaker 2 (05:53):
Well, argentina's in a world of hurt as far as an
economy, economy and they'retrying to get some dollars
pushed into their country and so, to do that, they're putting
that export tax down to zero andtry to generate some, some
export business.
And they got it.
What?
Like 10 cargoes?
China jumped in right away.
What is that?
I don't know if that's good orbad.
Does that mean they're stillbuying at this point?
(06:14):
I mean, does that's what youmiss about of this?
Speaker 1 (06:17):
if we could find any there's only so many soybeans in
the world and at the point theygo buy everything they can buy
from a certain area.
At this point, the greatestthing that could happen to world
farmers is a production problemin South America Because
China's buying everything theycan there.
If we had adverse weather notthat I wish that upon anyone,
but if you want to know what itwould take to get markets to go
(06:39):
up great demand, which we don'thave from China, especially in
the PNW all these soybeans arehorrible.
Basis up north.
It's not just up north, likeNorth Dakota, it's North Dakota,
minnesota, south Dakota, thewhole.
Anything that could ship outnorth, south, east, west.
It's not good unless there's acrushing plant in your own
backyard with that.
We need business right.
And what can make markets go up?
(07:00):
Demand?
Or a production problem, andthat's what?
Uh, yeah, that, that.
That might be what happened.
So we have china no china, withsoybeans sold off 40 cents from
their highs on friday from wheresoybeans were to where they
ended up yesterday.
And what else do we have?
We day-to-day business.
We're doing decent business,decent exports done.
(07:22):
Things aren't bad.
Spring wheat basis is pickingup.
Let's talk about spring wheatwrapping up and then we'll ease
over into edible.
Well, edible crop too up there,but then sugar beet harvest, so
spring wheat's done.
Speaker 2 (07:34):
I heard that crop was decent up by you yeah, didn't
see a lot of quality issueseither, which I think there was
some thought that that may be anissue with some of the wet
weather we've had this summer,but decent wheat crop.
We're now, like you said,taking out edible beans.
In this region Canola's comingout.
We're hearing some decent, somepretty good reports on canola.
We're chopping silage Kind ofdepends where you're at.
(07:55):
Last few days I've talked withfarmers in that Aberdeen area of
South Dakota and then down inthat Benson-Murdock area of west
central Minnesota and they'vejust been saturated too wet.
Their crop certainly is belowaverage at the very best.
A lot of frustration, becausenot only do you not have a price
, then they don't have much of acrop either.
Speaker 1 (08:18):
Yeah, it's a real problem.
What are you hearing forbailouts?
What are you hearing from theseguys?
You know any of thesecharacters over here.
Are they going to be able tosend us any money, or what are
they doing?
Well?
Speaker 2 (08:27):
those are the three that were just put into,
confirmed by the Senate.
So they were the threeundersecretaries that came on
board.
So Fordyce was in the Trump onepoint first administration, now
leading the farm and foreignservices area.
So he oversees FSA.
If we're going to do any bridgepayment it's going to have to
(08:48):
come through Fordyce.
So we'll see how that goes.
The big challenge we have iswe've got a government shutdown
looming.
If we don't get something donebefore the end of this month,
the commodity credit corporationruns out of funds and that's
where they would likely tap toget any bridge payments that
would help farmers make theircushion through the end of this
(09:09):
year and into 26 when the big,big, a big beautiful bill
funding would finally kick in.
So you know that shutdown.
There was a potentially ameeting between Chuck Schumer
and Hakeem Jeffries and thepresident.
That was the talk yesterday.
This morning Trump was on TruthSocial once again and said
(09:32):
there wasn't going to beanything productive happening in
a meeting like that so hecanceled it.
We don't know.
The Congress was not able toget anything done in the Senate.
Then they recessed.
Of course, rosh Hashanah theJewish holiday, going on this
week.
They have to come back, I thinkMonday or Tuesday of next week,
and try to get this thingwrapped up, or we've got a
(09:54):
government shutdown happeningwell, it wouldn't be the first
time.
Speaker 1 (09:58):
I know it sounds like really scary and bad.
It is bad for agriculture inthe in the sense that it screws
up our government reports.
But I used to get excited.
Oh, my god, the government'sgonna shut down, sell the stock
market like.
I've seen this so many damntimes.
It doesn't.
It doesn't end up being.
Speaker 2 (10:14):
I just I just got a news release from dusty johnson,
the congressman out of southdakota.
He's got a bill, along with theSenator out of Wisconsin, also
named Johnson, talking aboutlet's get rid of these threats
of a shutdown and just have it.
So if we aren't, we don't haveeverything wrapped up we'd be
having an automatic two weekrenewal of a continuing
(10:34):
resolution.
I'm not sure if that'd get anytraction, but that's.
I just got that news releasebefore we got on camera.
Speaker 1 (10:40):
So that's breaking news, mr Don Wick, with breaking
news.
Repeat that one more time.
The proposal is big, badshutdown.
Maybe not so much.
Speaker 2 (10:50):
He's got a proposal, a bill anyway, that would
prevent this talk of a shutdownand we would have an automatic
renewal of a continuingresolution resolution.
At current levels it would gofor two weeks.
If they don't have anythingdone, it would renew for another
two weeks and continuing onthat path.
I'm not sure if that gives anyleverage to lawmakers to get
(11:11):
anything done, but that's atleast a bill that's being
introduced at this point.
That's interesting.
Speaker 1 (11:16):
All right.
Well, with that, we got grainmarkets, which typically hit a
seasonal low.
I want to ask you about sugarbeet harvest.
That's starting up in the RedRiver Valley right now and we've
done the pre-lift here the lastfew weeks.
Speaker 2 (11:27):
Yeah, and I think really throughout the region
American Crystal, mndac andSouthern Min they've all made
good progress with theirpre-pile harvest.
We've got to say about 10%, 11percent of that beet harvest
wrapped up at this point.
Southern men has had someweather challenges because it's
been too wet in that area, butwe're hearing some some good
(11:49):
things as far as the, thetonnage with american crystal,
particularly more to thenorthern area of the valley, but
we're not looking at a reallygood sugar price here at the end
of the year, so a littlefrustration, I think.
What's going to be with thatbeat payment.
Speaker 1 (12:05):
Yeah, well, let's talk about prices real quick.
I talked to a client thismorning.
He said holy cow, he grewwheats, he grew edibles, he has
sugar beets, he has a little bitof corn.
He said there's not one ofthese things that's even
remotely profitable and with allthat you got to go back to the
bank and renew operating.
Let's talk about interest rates.
Last week the Fed loweredinterest rates.
(12:25):
The Fed's out on the tape todaytalking moving the stock market
a little bit, but interestrates went down a little.
It's going to help, but theyneed to go down a lot.
Is that correct To stimulatethe housing market and help
farmers be able to borrow moneyat a discount?
Speaker 2 (12:39):
The indication was at that Fed meeting maybe another
two interest rate cuts beforethe end of the year.
So we're pushing in towards theend of the year so that'll have
to happen relatively soon.
Speaker 1 (12:50):
Yeah, and just the other day stock market was at
all-time high.
Stock market's selling off hererecently, but that was just on.
Some Jay Powell comments, etcetera.
It's extremely interesting.
I want to end the show.
I comments, et cetera.
It's extremely interesting.
I want to end the show.
I was just thinking of something.
I'm seeing my board over theremoving.
I think I did some tradingwhile we're doing this.
(13:10):
But gold, gold hit record,record, record, record, record,
record highs in gold again.
And yesterday I was on ChipFlory show.
He said what do you make of thegold market?
And really the only honestlything I could say is people want
to own it Like they want to owngold.
The only thing I could say ispeople want to own it Like they
want to own gold.
And I noticed Bitcoin quitgoing up Bitcoin's at 110, 112,
115,000.
But gold has absolutely stolenthe show and its cousin silver
(13:33):
Silver market 44, 45, $46 silver.
I was telling Chip I own somesilver, but don't break in my
house.
It's not that much.
I think I'm going to sell it,don.
I don't know if you're one ofthese old timers who collected
coins or bars of gold or silverAt some point.
When do you take a profit andjust say, hey, that was fun.
Speaker 2 (13:51):
Yeah, might as well get it out of the home safe and
send it somewhere, right?
Speaker 1 (13:55):
I'll Venmo you the money, mr Don Wick, with the Red
River Farm Network.
How do people sign up for yourweekly letters, sir?
Speaker 2 (14:00):
We have a weekly newsletter.
Farmnet News goes out everyMonday.
You can drop me an email, donat rrfncom, or go to that
website rrfncom.
Speaker 1 (14:10):
Speaking of websites, damn it, you set me up real
good there.
I got a new website,wwwagbullcom.
With that, we got our ownlittle package out.
Everybody's selling something,but some people don't want a
futures and options account on.
They just want to pay forinformation.
And, as you know, media ischanging and people want good
quality information.
(14:30):
They get text alerts, they getaudio alerts, they get special
content and you know we'rehaving some success.
We've had some people sign upand we're meeting new friends
along the way.
Yeah, and it's just that easy.
People are like why would yousell information?
Some people don't want afutures and options account and
typically when you open afutures and options account, the
information showed up.
(14:51):
And I'm just thinking you knowwhat?
Some people just want to be inthat flow.
Hey, when are people sellingcash grain?
What's going on?
What's your weather guy saying?
What's your cattle expertsaying?
What are your politicalcorrespondents like wick and
weesmeyer saying?
And not that you're justpolitics, I mean, you're all
encompassing, but we're bringingexperts.
You're, you're an expert up inthe north.
I don't think anybody knowsnorth dakota, south dakota,
(15:13):
canada, minnesota as well as uh,you do so information's a
pretty big and commodity.
That's a good value that youhave for folks.
Yeah, but they want today'sinformation today.
They don't want to recap ofwhat happened yesterday.
You know what I mean, mr wick?
Yeah, exactly, and you're stillin that business because I can
see the bags under your eyes.
You get up how early everymorning, three o'clock three
(15:34):
o'clock, which means doing thisvideo today, is keeping you up.
Mr don wick coming to us.
I'll show you where that guy iscoming from.
I got a little map of it.
Oh, this is just a beauty here.
Look at these graphics, mrDonwick Well, he's not quite in
Mayville, but he's real close.
Mr Donwick, red River FarmNetwork.
(15:54):
Click like and subscribe to hiscontent.
Click like and subscribe to mycontent.
Just keep that pretty face.
I'm looking for the button withthat.
Thank you, folks.
Please, it helps.
If you follow our podcast onApple Spotify, go to YouTube.
You could watch this audiovideo.
However the hell you like it.
We're doing it several times aweek.
See you, don.
(16:14):
Thanks, tommy.
Thank you.
good afternoon everyone.
Tommy grisafi, agbo media, agbotrading, agbo podcast.
We got a lot of agbos here.
I'm down in valparaiso, indiana, or, as my friend likes to say,
in my mother's basement here wegot the nasvic trading logo
behind me.
That's where I clear my tradesthrough.
I am an associate person ofNASVIC trading group.
We just announced earlier wegot a new podcast coming out, mr
(00:34):
Mike Sands.
We're calling it Fat Tuesdayand that is no relationship to
this next guy we're introducingto you.
But he's got me laughing.
He said something off thescript, so doggone funny.
He got me cracking up, sothat's funny.
Anyway, we won't tell him whatyou said because it's just too
good.
All right, how you doing tommyI'm doing well.
We have lots to talk about, andsometimes you and I plan these
(00:58):
better than others.
This one's a little unscripted,as they like to say.
I want to talk to you aboutcattle.
We had, or have, the mostdynamic cattle market we've ever
had, and now there's, likethese, rumblings coming out of
the usda.
None of us quite know, but the,the twitter x, is just blowing
up on speculation of what itcould be.
It may be nothing, it may be anothing burger, but I think
(01:20):
there's something behind it.
What are you hearing?
Done again just rumors.
Speaker 2 (01:22):
At this point we're looking for something official
from usda, but there's somethingbehind it.
What are you hearing, don?
Again, just rumors.
At this point we're looking forsomething official from USDA,
but there's been some quotesattributed to the Ag Secretary
about some type of incentives torebuild that cattle herd.
I'm not exactly sure how thatwould work.
Cattle industry isn't quitelike we're used to seeing some
of the relief payments maybe wehave in the grain sector, but it
(01:44):
does have the market, or atleast the the rumor mill
churning anyway yeah, now let'sgo back to.
Speaker 1 (01:49):
That was just today, let's go back to yesterday, and
that was yesterday too.
But people thought the marketmoved up yesterday because of
the screwworm.
I, I don't think it had verymuch to do with mexico and the
screwworm.
I think it had way more to dowith her comments that were
buried about paying ranchers toretain heifers, which would
massively make the back monthsbullish.
Yesterday in the feeder cattlethree of the back months
(02:11):
finished limit up and but thenwe do have the screw worm now.
The gentleman from texas, thewho's, the sid, the, the, yeah,
yeah he was on today, yeah, he,he's sharp and what he said was
this is scary as hell, don.
He said, yes, there was a screwworm 70 miles from the border,
but you take where all the screwworm cases are.
300 miles south of the border,cases have went up 50%.
(02:35):
Have you heard anything likethat?
Speaker 2 (02:39):
Certainly we haven't gotten this thing handled.
They're looking at trying toamp up the sterile flies that
they need to try and get rid ofthis pest.
The National Cattlemen's BeefAssociation has come out with a
statement supporting the Trumpadministration, supporting all
the work that Rollins has done,but because of this new case
just an hour south of the border, they are saying that they'd
(03:03):
like EPA to expedite havingpesticides available that may be
able to control this insect.
They want USDA to step up,expedite the building of this
facility.
They've got this five-prongplan that is in place to deal
with New World Screwworm and oneof them is to build this
domestic sterile fly facility.
(03:25):
They want to get that amped up.
They're just there's aobviously a lot of concern and
they're trying to, you know,light the fire.
I think a little bit under theadministration on this one.
Speaker 1 (03:35):
Yeah you want to see what the cattle pits look like
yesterday, what the trade looklike?
This is what it.
This is what it looked like.
This is every day in thesecattle.
It's crazy.
All right, In all seriousness,let's talk markets.
Well, we were being serious,but I asked you some hard
questions that I knew weren'tanswerable and I could briefly
see you were uncomfortable.
(03:57):
That's what you've been doingto people for 40 years asking
the hard questions, but you'renot.
You don't try to stump people,I know, but I knew it.
I did the other day.
Speaker 2 (04:06):
I was laughing, but you did well, you did really
well, I'd rather be on the otherside of the microphone.
That's for now.
Speaker 1 (04:13):
I was laughing there because I knew like we don't
know.
But I had a young rancher fromNorth Dakota just call me and
said what do you think I shoulddo?
And this is the actionablething here If you're involved in
this cattle industry and pricesare at record, record highs and
they're exploding, the fact youcan do LRP insurance is amazing
.
The fact you can protect a calfthat's not born yet through a
(04:35):
government policy, I think ispretty damn cool.
So if you need help with that,you can give us a call.
I have plenty of friends overat Nesvik who are qualified to
sell LRP.
I I have plenty of friends overat Nesvik who are qualified to
sell LRP.
I'll pop up my number rightthere 1-855-737-FARM.
I really think that this is achance.
You always say I'm going toprotect them.
I'm going to do this.
Listen, you got to do it whilethe market's going up.
(04:55):
Don you know as well as I doonce this market starts to
headline news?
we're not getting much done withthis guy, are we?
No, there was a phone call,obviously on Friday, between
Trump and Xi.
Speaker 2 (05:14):
They talked about TikTok primarily.
Trump mentioned trade in hispost on Truth Social, but no
reference to soybeans.
I think that had particularlythe soybean market somewhat
disappointed, just becausethere's some anticipation that
maybe we'd get an announcement.
They're just hanging on everyword that will come out of the
White House at this point.
Speaker 1 (05:34):
Yeah, hey.
Speaking of soybeans, we hadthat news yesterday about
Argentina, argentina loweringthose taxes.
They've lowered them before,they lowered them a few months
ago, but they took them to zero,I believe.
The only way I could explain itit's like every American farmer
waking up and all their cornbeans and wheat are worth 20 to
25% more.
Is that the way you understandit, mr Wick?
Speaker 2 (05:53):
Well, argentina's in a world of hurt as far as an
economy, economy and they'retrying to get some dollars
pushed into their country and so, to do that, they're putting
that export tax down to zero andtry to generate some, some
export business.
And they got it.
What?
Like 10 cargoes?
China jumped in right away.
What is that?
I don't know if that's good orbad.
Does that mean they're stillbuying at this point?
(06:14):
I mean, does that's what youmiss about of this?
Speaker 1 (06:17):
if we could find any there's only so many soybeans in
the world and at the point theygo buy everything they can buy
from a certain area.
At this point, the greatestthing that could happen to world
farmers is a production problemin South America Because
China's buying everything theycan there.
If we had adverse weather notthat I wish that upon anyone,
but if you want to know what itwould take to get markets to go
(06:39):
up great demand, which we don'thave from China, especially in
the PNW all these soybeans arehorrible.
Basis up north.
It's not just up north, likeNorth Dakota, it's North Dakota,
minnesota, south Dakota, thewhole.
Anything that could ship outnorth, south, east, west.
It's not good unless there's acrushing plant in your own
backyard with that.
We need business right.
And what can make markets go up?
(07:00):
Demand?
Or a production problem, andthat's what?
Uh, yeah, that, that.
That might be what happened.
So we have china no china, withsoybeans sold off 40 cents from
their highs on friday from wheresoybeans were to where they
ended up yesterday.
And what else do we have?
We day-to-day business.
We're doing decent business,decent exports done.
(07:22):
Things aren't bad.
Spring wheat basis is pickingup.
Let's talk about spring wheatwrapping up and then we'll ease
over into edible.
Well, edible crop too up there,but then sugar beet harvest, so
spring wheat's done.
Speaker 2 (07:34):
I heard that crop was decent up by you yeah, didn't
see a lot of quality issueseither, which I think there was
some thought that that may be anissue with some of the wet
weather we've had this summer,but decent wheat crop.
We're now, like you said,taking out edible beans.
In this region Canola's comingout.
We're hearing some decent, somepretty good reports on canola.
We're chopping silage Kind ofdepends where you're at.
(07:55):
Last few days I've talked withfarmers in that Aberdeen area of
South Dakota and then down inthat Benson-Murdock area of west
central Minnesota and they'vejust been saturated too wet.
Their crop certainly is belowaverage at the very best.
A lot of frustration, becausenot only do you not have a price
, then they don't have much of acrop either.
Speaker 1 (08:18):
Yeah, it's a real problem.
What are you hearing forbailouts?
What are you hearing from theseguys?
You know any of thesecharacters over here.
Are they going to be able tosend us any money, or what are
they doing?
Well?
Speaker 2 (08:27):
those are the three that were just put into,
confirmed by the Senate.
So they were the threeundersecretaries that came on
board.
So Fordyce was in the Trump onepoint first administration, now
leading the farm and foreignservices area.
So he oversees FSA.
If we're going to do any bridgepayment it's going to have to
(08:48):
come through Fordyce.
So we'll see how that goes.
The big challenge we have iswe've got a government shutdown
looming.
If we don't get something donebefore the end of this month,
the commodity credit corporationruns out of funds and that's
where they would likely tap toget any bridge payments that
would help farmers make theircushion through the end of this
(09:09):
year and into 26 when the big,big, a big beautiful bill
funding would finally kick in.
So you know that shutdown.
There was a potentially ameeting between Chuck Schumer
and Hakeem Jeffries and thepresident.
That was the talk yesterday.
This morning Trump was on TruthSocial once again and said
(09:32):
there wasn't going to beanything productive happening in
a meeting like that so hecanceled it.
We don't know.
The Congress was not able toget anything done in the Senate.
Then they recessed.
Of course, rosh Hashanah theJewish holiday, going on this
week.
They have to come back, I thinkMonday or Tuesday of next week,
and try to get this thingwrapped up, or we've got a
(09:54):
government shutdown happeningwell, it wouldn't be the first
time.
Speaker 1 (09:58):
I know it sounds like really scary and bad.
It is bad for agriculture inthe in the sense that it screws
up our government reports.
But I used to get excited.
Oh, my god, the government'sgonna shut down, sell the stock
market like.
I've seen this so many damntimes.
It doesn't.
It doesn't end up being.
Speaker 2 (10:14):
I just I just got a news release from dusty johnson,
the congressman out of southdakota.
He's got a bill, along with theSenator out of Wisconsin, also
named Johnson, talking aboutlet's get rid of these threats
of a shutdown and just have it.
So if we aren't, we don't haveeverything wrapped up we'd be
having an automatic two weekrenewal of a continuing
(10:34):
resolution.
I'm not sure if that'd get anytraction, but that's.
I just got that news releasebefore we got on camera.
Speaker 1 (10:40):
So that's breaking news, mr Don Wick, with breaking
news.
Repeat that one more time.
The proposal is big, badshutdown.
Maybe not so much.
Speaker 2 (10:50):
He's got a proposal, a bill anyway, that would
prevent this talk of a shutdownand we would have an automatic
renewal of a continuingresolution resolution.
At current levels it would gofor two weeks.
If they don't have anythingdone, it would renew for another
two weeks and continuing onthat path.
I'm not sure if that gives anyleverage to lawmakers to get
(11:11):
anything done, but that's atleast a bill that's being
introduced at this point.
That's interesting.
Speaker 1 (11:16):
All right.
Well, with that, we got grainmarkets, which typically hit a
seasonal low.
I want to ask you about sugarbeet harvest.
That's starting up in the RedRiver Valley right now and we've
done the pre-lift here the lastfew weeks.
Speaker 2 (11:27):
Yeah, and I think really throughout the region
American Crystal, mndac andSouthern Min they've all made
good progress with theirpre-pile harvest.
We've got to say about 10%, 11percent of that beet harvest
wrapped up at this point.
Southern men has had someweather challenges because it's
been too wet in that area, butwe're hearing some some good
(11:49):
things as far as the, thetonnage with american crystal,
particularly more to thenorthern area of the valley, but
we're not looking at a reallygood sugar price here at the end
of the year, so a littlefrustration, I think.
What's going to be with thatbeat payment.
Speaker 1 (12:05):
Yeah, well, let's talk about prices real quick.
I talked to a client thismorning.
He said holy cow, he grewwheats, he grew edibles, he has
sugar beets, he has a little bitof corn.
He said there's not one ofthese things that's even
remotely profitable and with allthat you got to go back to the
bank and renew operating.
Let's talk about interest rates.
Last week the Fed loweredinterest rates.
(12:25):
The Fed's out on the tape todaytalking moving the stock market
a little bit, but interestrates went down a little.
It's going to help, but theyneed to go down a lot.
Is that correct To stimulatethe housing market and help
farmers be able to borrow moneyat a discount?
Speaker 2 (12:39):
The indication was at that Fed meeting maybe another
two interest rate cuts beforethe end of the year.
So we're pushing in towards theend of the year so that'll have
to happen relatively soon.
Speaker 1 (12:50):
Yeah, and just the other day stock market was at
all-time high.
Stock market's selling off hererecently, but that was just on.
Some Jay Powell comments, etcetera.
It's extremely interesting.
I want to end the show.
I comments, et cetera.
It's extremely interesting.
I want to end the show.
I was just thinking of something.
I'm seeing my board over theremoving.
I think I did some tradingwhile we're doing this.
(13:10):
But gold, gold hit record,record, record, record, record,
record highs in gold again.
And yesterday I was on ChipFlory show.
He said what do you make of thegold market?
And really the only honestlything I could say is people want
to own it Like they want to owngold.
The only thing I could say ispeople want to own it Like they
want to own gold.
And I noticed Bitcoin quitgoing up Bitcoin's at 110, 112,
115,000.
But gold has absolutely stolenthe show and its cousin silver
(13:33):
Silver market 44, 45, $46 silver.
I was telling Chip I own somesilver, but don't break in my
house.
It's not that much.
I think I'm going to sell it,don.
I don't know if you're one ofthese old timers who collected
coins or bars of gold or silverAt some point.
When do you take a profit andjust say, hey, that was fun.
Speaker 2 (13:51):
Yeah, might as well get it out of the home safe and
send it somewhere, right?
Speaker 1 (13:55):
I'll Venmo you the money, mr Don Wick, with the Red
River Farm Network.
How do people sign up for yourweekly letters, sir?
Speaker 2 (14:00):
We have a weekly newsletter.
Farmnet News goes out everyMonday.
You can drop me an email, donat rrfncom, or go to that
website rrfncom.
Speaker 1 (14:10):
Speaking of websites, damn it, you set me up real
good there.
I got a new website,wwwagbullcom.
With that, we got our ownlittle package out.
Everybody's selling something,but some people don't want a
futures and options account on.
They just want to pay forinformation.
And, as you know, media ischanging and people want good
quality information.
(14:30):
They get text alerts, they getaudio alerts, they get special
content and you know we'rehaving some success.
We've had some people sign upand we're meeting new friends
along the way.
Yeah, and it's just that easy.
People are like why would yousell information?
Some people don't want afutures and options account and
typically when you open afutures and options account, the
information showed up.
(14:51):
And I'm just thinking you knowwhat?
Some people just want to be inthat flow.
Hey, when are people sellingcash grain?
What's going on?
What's your weather guy saying?
What's your cattle expertsaying?
What are your politicalcorrespondents like wick and
weesmeyer saying?
And not that you're justpolitics, I mean, you're all
encompassing, but we're bringingexperts.
You're, you're an expert up inthe north.
I don't think anybody knowsnorth dakota, south dakota,
(15:13):
canada, minnesota as well as uh,you do so information's a
pretty big and commodity.
That's a good value that youhave for folks.
Yeah, but they want today'sinformation today.
They don't want to recap ofwhat happened yesterday.
You know what I mean, mr wick?
Yeah, exactly, and you're stillin that business because I can
see the bags under your eyes.
You get up how early everymorning, three o'clock three
(15:34):
o'clock, which means doing thisvideo today, is keeping you up.
Mr don wick coming to us.
I'll show you where that guy iscoming from.
I got a little map of it.
Oh, this is just a beauty here.
Look at these graphics, mrDonwick Well, he's not quite in
Mayville, but he's real close.
Mr Donwick, red River FarmNetwork.
(15:54):
Click like and subscribe to hiscontent.
Click like and subscribe to mycontent.
Just keep that pretty face.
I'm looking for the button withthat.
Thank you, folks.
Please, it helps.
If you follow our podcast onApple Spotify, go to YouTube.
You could watch this audiovideo.
However the hell you like it.
We're doing it several times aweek.
See you, don.
(16:14):
Thanks, tommy.
Thank you.
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