November 18, 2025 • 14 mins
We unpack fresh market data after the government reopens, weigh China’s year-end purchase promises against a looming Supreme Court tariff decision, and pressure-test farm margins as input costs stay stubborn. We also dig into right to repair, sugar beet payment cuts, and what aid might realistically look like.
• government data returning and confidence gaps
• China purchase commitments and trade timing
• emergency tariff authority risk at the Supreme Court
• aid posture versus rising fertilizer and equipment costs
• antitrust attention on fertilizer and equipment markets
• right to repair implications for downtime and cost control
• cattle herd declines versus drought and policy narratives
• dairy herd dynamics and dairy beef revenues
• grain volatility with December options expiry
• sugar beet payment collapse and per-acre losses
• disaster funds progress and appropriations priorities
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Thank you, Tommy G
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAK (00:22):
SPEAKER_00
Tom Grassafi Ag Bowl Media, AgBowl Trading.
I'm sitting here in my basementand Mr.
Don Wick had traveled out to theNational Association of Farm
Broadcasters.
I believe that's in Kansas City.
We'll bring him in.
Mr.
Don Wick, we have a lot to talkabout.
It's only Tuesday.
Where are you, sir?
SPEAKER_01 (00:38):
I am in Kansas City.
It's our our farm broadcasters,80 second annual convention
going on uh here in downtown KC.
SPE (00:45):
SPEAKER_00
Is it at the big conventioncenter?
SPEAKER_01 (00:49):
The uh we're at the Western Crown Center downtown.
Yeah.
Yeah.
The NFB was like one of thefirst conventions held at this
convention some I don't know, 45years ago, and we've been here
ever since.
SPEAKER_ (01:01):
SPEAKER_00
And how long ago did you startgoing?
You're gonna show your age alittle bit, but uh I think this
is my 43rd year.
I love it.
I love it.
That's awesome.
Well, good.
Uh, you are a veteran, and it'sabsolutely uh a privilege to uh
get to work with you.
All right, let's get right intoit.
Government's open, it's onlyTuesday.
(01:21):
I'm losing track already, butit's only Tuesday.
Government's open for business.
We're starting to get differentcrop ratings, stuff like that.
Information's coming out slowthough.
What are you hearing?
SPEAKER_01 (01:33):
You know, it's kind of been a little bit of a data
dump, though, when you take alook at like all the export
sales that came through for thatthat short that period of time.
Of course, the uh thesupply-demand report that came
out on Friday.
They couldn't have used all oftheir normal sources when they
were shut down all of those allof those many weeks.
So those numbers we'll have tosee how they adjust when we move
(01:55):
forward here.
You know, we got FSA back towork.
There's that was what I thinkreally important.
We needed these farmers to beable to get into their FSA
office and have that third partysign off on those checks and
those kind of things.
So it's good to have thegovernment back up and running.
SPEAKER (02:10):
SPEAKER_00
What uh uh speaking ofgovernment, you had a banger of
an interview last week with thisguy.
Let's talk about that.
Stephen Vaden.
SPEAKER_01
with him midweek last week,talked about a number of things.
One talking about uh China.
I asked if uh he expectedthey'll meet their obligation of
(02:31):
going through the you know 12million that we're talking about
here before at the end of theyear, and he said that he fully
expects China to fulfill theirobligations, that President Gi
understands he's negotiatingwith President Trump rather than
former President Biden, andreally laid it out that he
(02:52):
thought this was going tohappen, which it's been a little
interesting since uh theTreasury Secretary Bessant has
has made some comment that hehopes to get everything
finalized before theThanksgiving holiday.
I think the president's a littleanxious to get it done before
that.
But so still a work in progresswith China, but we are starting
to see some action way sounds alittle bit more out of the gulp,
(03:13):
maybe than the VMW, but someaction happening.
My conversation with Vayton alsotalked about a couple of
different issues, one being thefinancial aid package that we've
talked about.
I spoke with Vayton at FarmFestin August, and he reminded me
that prices are a lot differenttoday for soybeans than what
they were in August.
And he said the administration'snot going to do aid for aid's
(03:35):
sake.
They are going to put together apackage, but it's going to have
to be adjusted because of what'shappened with the commodity
prices, which I quickly said theinput prices, the input costs
have not gone down.
They certainly have remainedhigh for fertilizer, seed,
chemical, everything that's outthere.
Land rents haven't really beenadjusted.
(03:56):
So while the commodity pricesmay have changed a bit for
soybeans, we know that the inputcost has not changed the
situation at all.
SPEAKER_00 (04:05):
Yeah, you were very quick to talk to him about that.
When, yeah, sure, soybeans wentup, but what about fertilizer?
They said he did talk aboutfertilizer and had some opinions
about that, right?
SPEAKER_01 (04:16):
He talked about the need for a federal investigation
and antitrust violations.
He started, of course, theadministration has come out on
the the big four meat packersthat uh Trump renewing promise
that he started in the in thefirst go-around, his first
administration, to investigatethose meat packers.
Now Vaden kind of went to wewant to go further than that,
(04:39):
not just into the beatpackingindustry.
He wanted to look at fertilizer.
He spoke at length about wantingto look at the farm equipment
business.
He made reference to the factthat you buy that brand new
tractor and it's cost just asmuch as uh a Rolls-Royce, but
you don't have the opportunityto determine who's going to fix
it or you know make equipmentchanges yourself.
(05:01):
Uh it it feeds into that wholeright to repair issue that
farmers have been very consciousof uh in most recent years.
SP (05:07):
SPEAKER_00
you're talking about is likedeath fluid and stuff like that.
Like the guy, when there are guywho went to jail for taking off
the death, and uh Trump sayspardon him.
I think uh I think there's amechanic who actually was
sentenced for uh taking offdeath on uh equipment, and he
actually went to jail.
So I will check on that.
But it's a very serious issue,and it it's it's like someone
(05:29):
old school.
I hear farmers often talk aboutI'm my little bit of older
something, this way I couldstill work on it and everything
else.
SPEAKER_01 (05:35):
Yeah, I and you look at the tractors or combines that
we're running today and the kindof technology that uh we have at
hand here, and you pretty muchhave a monopoly because the the
company that you bought it from,they're the ones who control the
the computers behind what'swhat's making a tractor open
down the field.
SP (05:54):
SPEAKER_00
All right.
I want to talk to you about anawkward interview, or maybe it
wasn't awkward.
We could talk about it.
But Secretary of Ag uh BrookeRollins, I give her credit,
she's out there, she'll speak tofolks.
I don't know, will she be atyour meeting?
I'm sure there'll be some peoplefrom DC out there.
But she had an interview on FoxNews and she was blaming cattle
prices on Biden, and I justfound it awkward.
(06:16):
What you want to explain whatRollins said as best you can?
I can.
S (06:20):
SPEAKER_01
you know, there's a lot of focuson high consumer beef prices,
and the question was dealingwith the size of the cattle
herd.
And she made reference to thesize of the cattle herd, was he
said the blame was put on theBiden administration, focused on
climate change, saying that uhshe called it a literal war on
(06:43):
beef, is what uh President Bidenput uh put out there.
I don't know.
We we're looking at a 70-yearlow on the cattle herd.
We also have to remember therewas a drought that took a lot of
that pasture away, and and a lotof those cows went to town when
when we were looking at MotherNature, not necessarily climate
change or the policy from anyadministration having too much
(07:04):
of an impact.
SP (07:05):
SPEAKER_00
about before we started talking.
Tony, our good friend Tony St.
James, I was listening to himtoday.
He must have mentioned fourtimes that the dairy herd is at
30-year highs.
Have you heard anything aboutthat?
We have so little dairy up by usin North Dakota that's not uh
much of a talking point.
SPEAKER_01 (07:22):
Well, it's growing.
We've got an operation that was155,000 cows coming into South
Design Fork.
But you know, it's kind of toughin that dairy business and the
fact that we've got$16,$17 milk.
It's hard to cash flow on themilk side where they've been
making money is on the dairybeef, selling their kel calves
and uh kel cows and their andtheir calves and those kind of
(07:43):
things.
So he said the dairy herd was atthe at a high.
I'm I'm kind of surprisedbecause we're not really
maintaining a herd just becauseof the high beef prices.
That's what's been propping upto the profitability for a dairy
operation in the recent.
SPEAKER_ (07:56):
SPEAKER_00
I I talked about it.
But uh, I'll ask you anotherquestion and I'll Google it just
to make sure.
But he mentioned it over andover and over, and it kind of
caught me by surprise because Ithought overall animals would be
down Don just because of howtight the beef industry is.
But you know, a couple years agowe had some higher milk prices.
Remember that?
We were shooting milk in the 24,25s.
(08:17):
Milk was on a good run.
Yeah, corn was at real close toyou know lows, multi-tenure
lows, and dairy industry wasflying.
Now it just it's just a typicalagriculture thing to
overproduce.
But let's talk about themarkets.
We have continued volatilityhere in soybeans.
It's fun.
Corn trice go long for the ride.
(08:37):
Our friend, Minneapolis SpringWheat had a good day today.
Minneapolis Spring Wheat had areal good day and highest price
for spring wheat in months.
It still has a five in front ofit, though, in the December
contract.
Real quick on futures andoptions, December options expire
Friday, Mr.
Wick, and we could see somevolatility there.
SPEAKER_01 (08:56):
Volatility's really been the word here.
You expect that to continueuntil all this China stuff gets
figured out, or what's thewhat's the reason for the the
big swings we've got?
SPEAKER (09:04):
SPEAKER_00
I I really do think the marketswill stay busy for a while.
There's something creeping up.
I was trying to Google that, andapparently I don't know how to
talk and type at the same time.
Don't try that, chew gum andwalk.
There's something that no onewants to say the quiet part out
loud.
The Supreme Court can go pullall those tariffs away.
(09:28):
So you you said earlier in theshow, oh, Trump's working fast
to do this.
Uh, he wants this done byThanksgiving.
Why won't anyone just say it?
There's a really good chance theSupreme Court can shoot down all
these tariffs and all thisarguing and fighting and
volatility in the markets, theycan just say, nope, that's not
what we're gonna do.
SPEAKER_01 (09:46):
That's a huge face that we've got that's that's
kind of hanging out there.
I mean, the the oral argumentsalmost uh seem like that's the
direction they were going, wasquestioning the authority that
the president had for emergencytariffs.
So I think that is certainly abig issue.
Of course, the president knockedoff the import tariffs on a
number of food products,everything from bananas to
(10:07):
coffee.
Beef was also tied into that uhthat mix as well.
I thought that was kind ofsurprising.
SPEAKER_00 (10:13):
Yeah, we'll see what happens.
But uh, my sources and my guttell me that uh he they could
they, he, we, us, whoever, wecould lose this case in Supreme
Court, depending on what sideyou're on, right?
And maybe want them to lose sowe can get, but it'll have a big
effect on markets.
I think it'll have a huge effecton markets if that was to
happen.
SPEAKER_01 (10:30):
And Trump still has some authority on to be handling
some things on the trade stuff,though, even if that emergency
authority goes away, it wouldn'tbe as easy as he's been doing
that as of late, but uh therewould still be some resources I
think they'd have.
SPEAKER_00 (10:45):
SPEAKER_00
So overall, since we've we'vebeen doing these here for quite
a few months, the markets are atthe highest price they've been
since then.
Corn, bean, and wheat.
We've had cattle calm down.
We've had big volatilityrecently in the stock market the
last few days, seeing a pullbacktomorrow.
NVIDIA comes out with earnings,that's the most valuable stock.
And gold and silver have hadsome big moves.
(11:06):
I'll let you talk for a secondbecause I have to cough, Mr.
Wick.
Go ahead.
SPEAKER (11:09):
SPEAKER_01
Talk about what's going on inthese markets.
You always ask a lot about sugarbeet prices, and we're gonna see
those beat payments come out inearly December at uh meetings
with American Crystal and MINDACand Southern Mint.
The beat payments we're gonnasee this year are gonna be half
of what we had a year ago, ifnot less.
(11:30):
Oh boy.
I I spoke with the executive VP,Mike Metzger, with MINDAC.
I think they're looking at asub-21 dollar beat payment, and
a year ago they were in the 40.
I think it was even higher thanthat, to be honest with you.
I don't want to quote thatnumber.
But he talked about farmers arelosing five to seven hundred
dollars per acre.
Think about that.
(11:51):
$500 to$700 per acre for thebeet grower.
These are guys that are used tocoming out of that meeting in
December and buying that newshiny truck.
That's not gonna happen thisyear.
SPEAKER_00 (12:01):
SPEAKER_00
Mm-mm.
Real quick, uh, I I still seethe need, but uh let you talk
about it.
Trump bucks, are they gonnahappen or not?
SPEAKER_01 (12:09):
Uh yeah, I think uh they're gonna be well in the way
now that we've got governmentback in in action.
They have announced somedisaster programs, not the
necessarily the one that I thinkeverybody's looking for are
those Trump bucks, but there'sbeen some like the wildfire
disaster money from 23-24 thatuh just got uh kicked out here
early this week, and and some ofthose kind of things are coming
(12:31):
up.
Having North Dakota Senator JohnHovind leading that Senate Agro
Appropriations Committee hasbeen key in making sure some of
those funds are there to reallyget the job done for our
producers.
It's it's been pretty critical.
S (12:45):
SPEAKER_00
All right, I gotta get you outof here.
You gotta get out of here.
I want to tell people, ofcourse, that we have premium
content, www.agbull.com.
If you are watching this video,you are a premium subscriber.
Now I'm gonna put the audio partout for free.
We'll let people listen to it.
But if they want to see Mr.
Wick's pretty face and my prettyface, they're gonna have to
click like and subscribe.
(13:05):
$25 a month,$250 annually.
Back to the show, Mr.
Wick.
How do people get a hold of youat the Red River Farm Network?
And I want to congratulate youon that interview.
You've had lots of greatinterviews in your life, but
that one uh was really awesome.
Thank you for that.
SPEAK (13:18):
SPEAKER_01
River Farm Network.
We publish a weekly newsletteron Mondays called Farm Net News.
So we'll get a lot of traction.
Love to have folks sign up forit.
SPEAKE (13:29):
SPEAKER_00
What are you optimistic abouthere at the just take 30
seconds, promote the farmbroadcasters?
What do you all do there?
SPE (13:37):
SPEAKER_01
We have what's called TradeTalk, which is a huge interview
fair.
It's kind of the who's who bagthat's going to be here, whether
it's Richard Fordyce, UnderSecretary of Agriculture, will
be in Trade Talk.
You got all the major farmgroups, all the big companies
from deer to bear to BASF.
They'll all have key individualshere.
(13:57):
That's our Thursday schedule allday long.
We've also got our business ofour association.
We're going through some bylawchanges.
So it's uh going to be a bit ofan interesting business session
for our farm broadcasters.
SPEAKER_00 (14:09):
Good luck to you and all the farm broadcasters.
Who knows?
Maybe I'll become a farmbroadcaster someday, Mr.
Wick.
You believe it?
I would love it.
Oh boy.
All right.
Give the misses a hug and uhtime of your happy at bull
media, Mr.
Don Wick, Red River FarmNetwork.
We'll catch you next week, sir.
Thanks, Tommy.
SPEAKER_00
Tom Grassafi Ag Bowl Media, AgBowl Trading.
I'm sitting here in my basementand Mr.
Don Wick had traveled out to theNational Association of Farm
Broadcasters.
I believe that's in Kansas City.
We'll bring him in.
Mr.
Don Wick, we have a lot to talkabout.
It's only Tuesday.
Where are you, sir?
SPEAKER_01 (00:38):
I am in Kansas City.
It's our our farm broadcasters,80 second annual convention
going on uh here in downtown KC.
SPE (00:45):
SPEAKER_00
Is it at the big conventioncenter?
SPEAKER_01 (00:49):
The uh we're at the Western Crown Center downtown.
Yeah.
Yeah.
The NFB was like one of thefirst conventions held at this
convention some I don't know, 45years ago, and we've been here
ever since.
SPEAKER_ (01:01):
SPEAKER_00
And how long ago did you startgoing?
You're gonna show your age alittle bit, but uh I think this
is my 43rd year.
I love it.
I love it.
That's awesome.
Well, good.
Uh, you are a veteran, and it'sabsolutely uh a privilege to uh
get to work with you.
All right, let's get right intoit.
Government's open, it's onlyTuesday.
(01:21):
I'm losing track already, butit's only Tuesday.
Government's open for business.
We're starting to get differentcrop ratings, stuff like that.
Information's coming out slowthough.
What are you hearing?
SPEAKER_01 (01:33):
You know, it's kind of been a little bit of a data
dump, though, when you take alook at like all the export
sales that came through for thatthat short that period of time.
Of course, the uh thesupply-demand report that came
out on Friday.
They couldn't have used all oftheir normal sources when they
were shut down all of those allof those many weeks.
So those numbers we'll have tosee how they adjust when we move
(01:55):
forward here.
You know, we got FSA back towork.
There's that was what I thinkreally important.
We needed these farmers to beable to get into their FSA
office and have that third partysign off on those checks and
those kind of things.
So it's good to have thegovernment back up and running.
SPEAKER (02:10):
SPEAKER_00
What uh uh speaking ofgovernment, you had a banger of
an interview last week with thisguy.
Let's talk about that.
Stephen Vaden.
SPEAKER_01
with him midweek last week,talked about a number of things.
One talking about uh China.
I asked if uh he expectedthey'll meet their obligation of
(02:31):
going through the you know 12million that we're talking about
here before at the end of theyear, and he said that he fully
expects China to fulfill theirobligations, that President Gi
understands he's negotiatingwith President Trump rather than
former President Biden, andreally laid it out that he
(02:52):
thought this was going tohappen, which it's been a little
interesting since uh theTreasury Secretary Bessant has
has made some comment that hehopes to get everything
finalized before theThanksgiving holiday.
I think the president's a littleanxious to get it done before
that.
But so still a work in progresswith China, but we are starting
to see some action way sounds alittle bit more out of the gulp,
(03:13):
maybe than the VMW, but someaction happening.
My conversation with Vayton alsotalked about a couple of
different issues, one being thefinancial aid package that we've
talked about.
I spoke with Vayton at FarmFestin August, and he reminded me
that prices are a lot differenttoday for soybeans than what
they were in August.
And he said the administration'snot going to do aid for aid's
(03:35):
sake.
They are going to put together apackage, but it's going to have
to be adjusted because of what'shappened with the commodity
prices, which I quickly said theinput prices, the input costs
have not gone down.
They certainly have remainedhigh for fertilizer, seed,
chemical, everything that's outthere.
Land rents haven't really beenadjusted.
(03:56):
So while the commodity pricesmay have changed a bit for
soybeans, we know that the inputcost has not changed the
situation at all.
SPEAKER_00 (04:05):
Yeah, you were very quick to talk to him about that.
When, yeah, sure, soybeans wentup, but what about fertilizer?
They said he did talk aboutfertilizer and had some opinions
about that, right?
SPEAKER_01 (04:16):
He talked about the need for a federal investigation
and antitrust violations.
He started, of course, theadministration has come out on
the the big four meat packersthat uh Trump renewing promise
that he started in the in thefirst go-around, his first
administration, to investigatethose meat packers.
Now Vaden kind of went to wewant to go further than that,
(04:39):
not just into the beatpackingindustry.
He wanted to look at fertilizer.
He spoke at length about wantingto look at the farm equipment
business.
He made reference to the factthat you buy that brand new
tractor and it's cost just asmuch as uh a Rolls-Royce, but
you don't have the opportunityto determine who's going to fix
it or you know make equipmentchanges yourself.
(05:01):
Uh it it feeds into that wholeright to repair issue that
farmers have been very consciousof uh in most recent years.
SP (05:07):
SPEAKER_00
you're talking about is likedeath fluid and stuff like that.
Like the guy, when there are guywho went to jail for taking off
the death, and uh Trump sayspardon him.
I think uh I think there's amechanic who actually was
sentenced for uh taking offdeath on uh equipment, and he
actually went to jail.
So I will check on that.
But it's a very serious issue,and it it's it's like someone
(05:29):
old school.
I hear farmers often talk aboutI'm my little bit of older
something, this way I couldstill work on it and everything
else.
SPEAKER_01 (05:35):
Yeah, I and you look at the tractors or combines that
we're running today and the kindof technology that uh we have at
hand here, and you pretty muchhave a monopoly because the the
company that you bought it from,they're the ones who control the
the computers behind what'swhat's making a tractor open
down the field.
SP (05:54):
SPEAKER_00
All right.
I want to talk to you about anawkward interview, or maybe it
wasn't awkward.
We could talk about it.
But Secretary of Ag uh BrookeRollins, I give her credit,
she's out there, she'll speak tofolks.
I don't know, will she be atyour meeting?
I'm sure there'll be some peoplefrom DC out there.
But she had an interview on FoxNews and she was blaming cattle
prices on Biden, and I justfound it awkward.
(06:16):
What you want to explain whatRollins said as best you can?
I can.
S (06:20):
SPEAKER_01
you know, there's a lot of focuson high consumer beef prices,
and the question was dealingwith the size of the cattle
herd.
And she made reference to thesize of the cattle herd, was he
said the blame was put on theBiden administration, focused on
climate change, saying that uhshe called it a literal war on
(06:43):
beef, is what uh President Bidenput uh put out there.
I don't know.
We we're looking at a 70-yearlow on the cattle herd.
We also have to remember therewas a drought that took a lot of
that pasture away, and and a lotof those cows went to town when
when we were looking at MotherNature, not necessarily climate
change or the policy from anyadministration having too much
(07:04):
of an impact.
SP (07:05):
SPEAKER_00
about before we started talking.
Tony, our good friend Tony St.
James, I was listening to himtoday.
He must have mentioned fourtimes that the dairy herd is at
30-year highs.
Have you heard anything aboutthat?
We have so little dairy up by usin North Dakota that's not uh
much of a talking point.
SPEAKER_01 (07:22):
Well, it's growing.
We've got an operation that was155,000 cows coming into South
Design Fork.
But you know, it's kind of toughin that dairy business and the
fact that we've got$16,$17 milk.
It's hard to cash flow on themilk side where they've been
making money is on the dairybeef, selling their kel calves
and uh kel cows and their andtheir calves and those kind of
(07:43):
things.
So he said the dairy herd was atthe at a high.
I'm I'm kind of surprisedbecause we're not really
maintaining a herd just becauseof the high beef prices.
That's what's been propping upto the profitability for a dairy
operation in the recent.
SPEAKER_ (07:56):
SPEAKER_00
I I talked about it.
But uh, I'll ask you anotherquestion and I'll Google it just
to make sure.
But he mentioned it over andover and over, and it kind of
caught me by surprise because Ithought overall animals would be
down Don just because of howtight the beef industry is.
But you know, a couple years agowe had some higher milk prices.
Remember that?
We were shooting milk in the 24,25s.
(08:17):
Milk was on a good run.
Yeah, corn was at real close toyou know lows, multi-tenure
lows, and dairy industry wasflying.
Now it just it's just a typicalagriculture thing to
overproduce.
But let's talk about themarkets.
We have continued volatilityhere in soybeans.
It's fun.
Corn trice go long for the ride.
(08:37):
Our friend, Minneapolis SpringWheat had a good day today.
Minneapolis Spring Wheat had areal good day and highest price
for spring wheat in months.
It still has a five in front ofit, though, in the December
contract.
Real quick on futures andoptions, December options expire
Friday, Mr.
Wick, and we could see somevolatility there.
SPEAKER_01 (08:56):
Volatility's really been the word here.
You expect that to continueuntil all this China stuff gets
figured out, or what's thewhat's the reason for the the
big swings we've got?
SPEAKER (09:04):
SPEAKER_00
I I really do think the marketswill stay busy for a while.
There's something creeping up.
I was trying to Google that, andapparently I don't know how to
talk and type at the same time.
Don't try that, chew gum andwalk.
There's something that no onewants to say the quiet part out
loud.
The Supreme Court can go pullall those tariffs away.
(09:28):
So you you said earlier in theshow, oh, Trump's working fast
to do this.
Uh, he wants this done byThanksgiving.
Why won't anyone just say it?
There's a really good chance theSupreme Court can shoot down all
these tariffs and all thisarguing and fighting and
volatility in the markets, theycan just say, nope, that's not
what we're gonna do.
SPEAKER_01 (09:46):
That's a huge face that we've got that's that's
kind of hanging out there.
I mean, the the oral argumentsalmost uh seem like that's the
direction they were going, wasquestioning the authority that
the president had for emergencytariffs.
So I think that is certainly abig issue.
Of course, the president knockedoff the import tariffs on a
number of food products,everything from bananas to
(10:07):
coffee.
Beef was also tied into that uhthat mix as well.
I thought that was kind ofsurprising.
SPEAKER_00 (10:13):
Yeah, we'll see what happens.
But uh, my sources and my guttell me that uh he they could
they, he, we, us, whoever, wecould lose this case in Supreme
Court, depending on what sideyou're on, right?
And maybe want them to lose sowe can get, but it'll have a big
effect on markets.
I think it'll have a huge effecton markets if that was to
happen.
SPEAKER_01 (10:30):
And Trump still has some authority on to be handling
some things on the trade stuff,though, even if that emergency
authority goes away, it wouldn'tbe as easy as he's been doing
that as of late, but uh therewould still be some resources I
think they'd have.
SPEAKER_00 (10:45):
SPEAKER_00
So overall, since we've we'vebeen doing these here for quite
a few months, the markets are atthe highest price they've been
since then.
Corn, bean, and wheat.
We've had cattle calm down.
We've had big volatilityrecently in the stock market the
last few days, seeing a pullbacktomorrow.
NVIDIA comes out with earnings,that's the most valuable stock.
And gold and silver have hadsome big moves.
(11:06):
I'll let you talk for a secondbecause I have to cough, Mr.
Wick.
Go ahead.
SPEAKER (11:09):
SPEAKER_01
Talk about what's going on inthese markets.
You always ask a lot about sugarbeet prices, and we're gonna see
those beat payments come out inearly December at uh meetings
with American Crystal and MINDACand Southern Mint.
The beat payments we're gonnasee this year are gonna be half
of what we had a year ago, ifnot less.
(11:30):
Oh boy.
I I spoke with the executive VP,Mike Metzger, with MINDAC.
I think they're looking at asub-21 dollar beat payment, and
a year ago they were in the 40.
I think it was even higher thanthat, to be honest with you.
I don't want to quote thatnumber.
But he talked about farmers arelosing five to seven hundred
dollars per acre.
Think about that.
(11:51):
$500 to$700 per acre for thebeet grower.
These are guys that are used tocoming out of that meeting in
December and buying that newshiny truck.
That's not gonna happen thisyear.
SPEAKER_00 (12:01):
SPEAKER_00
Mm-mm.
Real quick, uh, I I still seethe need, but uh let you talk
about it.
Trump bucks, are they gonnahappen or not?
SPEAKER_01 (12:09):
Uh yeah, I think uh they're gonna be well in the way
now that we've got governmentback in in action.
They have announced somedisaster programs, not the
necessarily the one that I thinkeverybody's looking for are
those Trump bucks, but there'sbeen some like the wildfire
disaster money from 23-24 thatuh just got uh kicked out here
early this week, and and some ofthose kind of things are coming
(12:31):
up.
Having North Dakota Senator JohnHovind leading that Senate Agro
Appropriations Committee hasbeen key in making sure some of
those funds are there to reallyget the job done for our
producers.
It's it's been pretty critical.
S (12:45):
SPEAKER_00
All right, I gotta get you outof here.
You gotta get out of here.
I want to tell people, ofcourse, that we have premium
content, www.agbull.com.
If you are watching this video,you are a premium subscriber.
Now I'm gonna put the audio partout for free.
We'll let people listen to it.
But if they want to see Mr.
Wick's pretty face and my prettyface, they're gonna have to
click like and subscribe.
(13:05):
$25 a month,$250 annually.
Back to the show, Mr.
Wick.
How do people get a hold of youat the Red River Farm Network?
And I want to congratulate youon that interview.
You've had lots of greatinterviews in your life, but
that one uh was really awesome.
Thank you for that.
SPEAK (13:18):
SPEAKER_01
River Farm Network.
We publish a weekly newsletteron Mondays called Farm Net News.
So we'll get a lot of traction.
Love to have folks sign up forit.
SPEAKE (13:29):
SPEAKER_00
What are you optimistic abouthere at the just take 30
seconds, promote the farmbroadcasters?
What do you all do there?
SPE (13:37):
SPEAKER_01
We have what's called TradeTalk, which is a huge interview
fair.
It's kind of the who's who bagthat's going to be here, whether
it's Richard Fordyce, UnderSecretary of Agriculture, will
be in Trade Talk.
You got all the major farmgroups, all the big companies
from deer to bear to BASF.
They'll all have key individualshere.
(13:57):
That's our Thursday schedule allday long.
We've also got our business ofour association.
We're going through some bylawchanges.
So it's uh going to be a bit ofan interesting business session
for our farm broadcasters.
SPEAKER_00 (14:09):
Good luck to you and all the farm broadcasters.
Who knows?
Maybe I'll become a farmbroadcaster someday, Mr.
Wick.
You believe it?
I would love it.
Oh boy.
All right.
Give the misses a hug and uhtime of your happy at bull
media, Mr.
Don Wick, Red River FarmNetwork.
We'll catch you next week, sir.
Thanks, Tommy.
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