September 28, 2025 • 14 mins
Farmers face financial hardship as a government shutdown looms while simultaneously promising relief payments through tariff funds known as "Trump Bucks." The situation highlights the dysfunctional relationship between agricultural policy and political gridlock in Washington.
• Government likely to shut down at midnight Tuesday due to lack of agreement on continuing resolution
• Administration proposes using tariff funds for direct farmer payments, but requires congressional approval
• Section 32 funds (30% of tariff revenues) typically used for commodity purchases for nutrition programs
• Cattle markets experienced extreme volatility after comments about potential heifer retention incentives
• Argentina temporarily lowered export taxes, causing China to purchase 35 loads of soybeans
• Basis levels vary widely across regions, from 80 cents under in southern Minnesota to $1.60 under in North Dakota
• Harvest beginning in northern regions with favorable weather and good yield expectations
• Government shutdown would delay all agricultural reports including the upcoming stocks report
• Commodity markets showing potential inflationary signals as gold approaches $4,000 and silver hits $45-46
• Farmers would prefer market-based solutions like year-round E15 rather than direct payments
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Thank you, Tommy G
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:14):
Well, it's been a heck of a week, everyone.
Tom Grassofi with AgBo MediaAgBill Trading.
We have the one and only DonWick hiding behind the curtain.
But I gotta tell you, this isour second time doing this.
We had a little mishap.
But you know what?
I was joking around too much,and there's some really serious
things going on.
Farmers are hurting financially.
Our government may be shuttingdown.
The government's saying they'regonna give farmers money, yet
(00:35):
the government's shutting down.
So let's be serious about thisuntil we start joking.
If we don't laugh, we'll cry.
Mr.
Don Wick from the Red River FarmNetwork on our second time.
And you know what?
It always goes better the secondtime.
You're doing so great too.
Stage is yours, Mr.
Wick.
I will say this.
How are we gonna keep thegovernment open?
How are we gonna give farmersmoney if we can't give if we
(00:56):
can't keep the government open?
SPEAKER_01 (00:58):
Well, starting with the government shutdown, we're
due to run out of money orfunding.
The government would shut downas of midnight Tuesday, Tommy,
or Wednesday morning.
At this point, it doesn't lookit looks pretty bleak on getting
something accomplished without ashutdown.
The House, uh House Speaker MikeJohnson has said that they're
not even gonna come intosession.
So that forces the hand of theSenate.
(01:19):
They can only vote on the Housebill that was passed a week or
two ago, a week ago, and there'scertainly not enough 60 votes
that they need to get somethingpassed.
So I don't see what kind of luckthey're gonna have in getting
getting this government acontinuing resolution passed
that would really just kick thecan down the road until
mid-November.
SPEAKER_00 (01:38):
Yeah, there's some tough things going on.
I'll tell you what.
If I could make a video to sumwhat the heck's going on in
Washington, it would look likethis.
Are you ready, Mr.
Wick?
I made this myself.
All right, let me see what wehave here.
This is what Washington, D.C.
looks like.
We're trying to keep it open.
We're telling farmers we'regonna give them money.
(01:58):
We have tariff money coming in.
This is what it's like right nowin DC.
There you go.
This video is called the CapitolCasino.
What the hell's going on at theCapitol?
And you kind of described it.
And I'd say you've been, I'mgonna guess, you've been to DC
(02:21):
in your career 40 times, 50times, twice a year, probably.
SPEAKER_01 (02:27):
Probably, yeah.
That would make sense.
SPEAKER_00 (02:29):
You always learn something when you go there?
SPEAKER_01 (02:31):
Always.
I love it.
But always love to come get onthat plane ride to come home as
well.
Again, you show the uh Trumpbucks.
That was the the big story onThursday when uh in the Oval
Office the president talkedabout the challenges that are
happening in agriculture and theuh the decision to use tariff
funds to to send some directpayments to to farmers.
(02:56):
The challenge is it's still apretty big lift to get that job
accomplished because they needto do some things to make that
happen.
You just tariff money is is uhtargeted to a certain area or it
goes into the general fund, andyou can't just make the decision
that we're going to boom sendchecks over to farmers.
It doesn't work that way.
(03:16):
Congress is going to have to getinvolved at some point.
The talk is uh the use ofSection 32.
That's uh an area where 30% oftariff revenues are going to
USDA.
That's a program that'sgenerally been used when we've
had some low commodity prices,and USDA wanted to build some
demand so they would buycommodities at commodities that
(03:38):
would go into nutrition programslike uh school lunches and those
kind of things.
To tweak it to send directpayments to farmers, Congress
would need to get involved.
And it's likely that it would belate in this year before that
would be accomplished.
So the trick would be how do weget that done?
What vehicle are they going touse in Congress to deal with
(04:00):
this?
I think there's a story to betold, certainly, uh, that there
it needs to be some kind ofbridge to help farmers get
through this time when we getinto next year.
You know, they used that one bigbeautiful bill and bumped up
reference prices and did somethings with uh ARC and PLC and
crop insurance, but that doesn'ttake effect till next fall.
(04:20):
So this is really that bridgethey've been talking about to
help farmers have that cushionto get them through this year
and buy the inputs they need toget into 26.
SPEAKER_00 (04:29):
Yeah, it's operating's gonna be tough.
We have interest rates comingdown a little bit, Don Wick.
We have interest rates comingdown just slightly, but not
enough.
I mean, interest rates droppedlast week, they may go down a
few more quarters.
Agriculture has a much biggerproblem than a quarter, half
point uh percent interest rate.
I saw this picture on theinternet of uh this farmer right
here, and uh I would say he ispretty disconnected from what is
(04:54):
happening in agriculture.
We had a little mishap here.
We had a mishap on the beefsituation.
This young lady right herestarted saying that maybe we
would pay farmers, maybe shedidn't say it, maybe it came
from her staff.
I don't want to misspeak, but wewould pay farmers to retain
heifers.
What do you know about that, Mr.
Wick?
SPEAKER_01 (05:14):
She said there would be some incentives to uh she was
in referencing the New WorldScrewworm and talked about the
beef supply and talked aboutincentives.
I think that somehow gottranslated in the media of
saying that uh we'd be payingfarmers a check uh to add
replacement heifers into theherd, those kind of things.
SPEAKER_00 (05:35):
You know how the media is, you know how these
reporters are in this radioguys, but uh and you know what,
everyone's looking for the newstory, the new beat, but boy,
did it affect the cattle market.
It did the cattle market tradedlimit up that day, Mr.
Wick.
SPEAKER_01 (05:48):
So yesterday she was speaking in Kansas City.
She talked about some of thesame farm assistance, the
helping hand that uh Trumptalked about, but she did
clarify, at least in a newsbriefing after that uh USD or
that Ag Outlook conference thatwas going on in Kansas City,
just to clarify how that wasgoing to be done.
Again, she was talking aboutsome kind of incentive, but it
(06:10):
was not a payment that was gonnabe happening to cattle
producers.
She just made it pretty clearshe didn't want to interrupt the
supply-demand situation andcattle, particularly when that's
the one sector that's actuallybeen making money.
SPEAKER_00 (06:22):
Yeah.
And then cattle then had thatclose to limit down day,
finishing the week here a littlefirmer.
We had another, I don't knowwhat the hell you want to call
it, debacle or situation.
I'm gonna read this to you.
Why would the USA help bail outArgentina?
This is from Senator ChuckGrassley, who I'm sure you know
well.
While the bailout Argentina,while they take American soybean
producers' biggest market.
(06:45):
What did he say?
We we we should.
I think he forgot a letterthere.
They guys spell them like me.
We should use leverage everyturn to help to help from
hurting pharma comedy familyfarmers should be the top of
mind in negotiations.
Did are they spelling stuffwrong on purpose?
Or I just realized what thatlooked like.
I'm trying to read it.
I'm like, are there lettersmissing?
SPEAKER_01 (07:06):
I'm not sure if Chuck's doing his own social
here, but uh he's they had alittle nightcap and then put
that beauty on it.
Give him a break.
He's like 92 years old.
So if he's on the on theTwitter, he's 10 years old.
Oh, ouch.
SPEAKER_00 (07:20):
Ouch.
Seriously, Chuck, he's the man.
He actually farms.
I love when he posts thosepictures.
Well, he's the man if you wantto be the man.
I do love when he posts thosepictures of him uh harvesting
grain in that makes me happy.
Speaking of harvesting, we havesome of that going on.
What are you hearing for harvestup north by you, Mr.
Wick?
SPEAKER_01 (07:37):
So the weather's been beautiful this week.
We've just uh been blessed withuh warm temperatures and dry
conditions.
It really was what this cornneeded, I think, to some get
some final GDUs and bring it toblack layer, bring it closer to
maturity.
We're hearing a few guys thatare sneaking into soybean fields
uh just very early in thatprocess, though.
(07:58):
But this forecast still looksgood going into next week.
I think there's a lot ofoptimism once you get in the
combine attitude, certainly canchange.
SPEAKER_00 (08:06):
Yeah, absolutely.
And uh, I'm hearing yieldreports uh pretty good from up
north, not a lot of complaining.
Obviously, they're complainingabout the basis, the poor price.
Speaking of the basis, thatactually improved a little bit.
It got less worse in someplaces.
Did you notice that or did youhear anything?
I think we might have sold a fewloads out of PNW.
SPEAKER_01 (08:25):
We each week we do an assessment.
We have seven differentelevators that uh in our our
listening area that we we trackas far as their basis levels.
We saw it widen in particular.
You go down to Worthington,Minnesota, which is our our
southernmost area that we had.
Uh there, I think their basiswas down closer to 80 cents.
(08:46):
While you looked at otherelevators, I think Alton Grain
in Halstead, North Dakota, theywere at 160.
So you had quite a difference.
So in some areas it was gettinga little you know a little worse
as far as the basis, and otherareas that approved.
SPEAKER_00 (09:01):
Yeah, we'll see if we could sell a few more loads,
get a few trains lined up.
They're definitely a value.
From what I understand, goingback to Argentina, was that we
Argentina lowered the tariffs,the markets sold off.
They did a ton of business, andthey're like, okay, we did a ton
of business, raise the tariffsback up.
Is that the way you understandit?
SPEAKER_01 (09:18):
So yeah, they they have an export uh tax that they
have on their all of theircommodities, corn, soybeans,
beef as well, and they put thatat zero because they're trying
to prop up their economy.
They needed some dollars to befunneled into their into their
coffers, and China came through.
What did they see?
SPEAKER_00 (09:37):
Like 30, 35 right there at the bottom of our
screen.
Someone just popped that upthere.
Look at it.
I want to thank myself for that.
China booked 35.
Allegedly, you know, whatever.
They did some business.
And all right, so let's talkabout it.
SPEAKER_01 (09:49):
It reached a certain level that they had
predetermined it would go to,and and that it only took like
what three days before they hitthat limit, and then they they
dropped.
So I'm sure I had to do that.
It shows you how aggressiveChina was, really.
SPEAKER_00 (10:00):
Yeah, that's what I'm thinking about.
So China, you know, they willtake them all.
All right, now if the rest ofthe world wants to go to South
America, there's not going to beas many beans left.
And at some point, there's someifs and buts and maybes, you
know.
But if we cut a deal with Chinaand South America has a weather
production problem, we willexplode in the market.
(10:21):
The speculator will buy it, thefarmer will hold tight, the
trump bucks will be showing up.
It's interesting how the Trumpbucks affect the farmer's
ability to market grain.
It kind of, I'll just say it, Ithink it makes them worse at
marketing because they're like,oh, this money bought me some
time.
Let's see if we can't catch arally.
Oftentimes they do, but if theydon't, then they will have paid
(10:41):
a lot of money to store grain tojust be in the same problem they
are here.
And I think that's what so manyag lenders are worried about.
But with that, the Americanfarmer is the most optimistic
person I know, and you don'tfarm for all these years, they
do being a pessimist, right?
I mean, if you're gonna be therelike the world's ending chicken
little all the time, you're onlygonna make it a few years.
And these are gonna be a toughcouple years, but usually, as
(11:03):
you know, you've been inagriculture for a long time.
We go through good cycles, badcycles, good cycles.
I just don't know what gets usout of this, Don.
It's gotta be demand, right?
We can't just count on theprices going up.
We need demand.
We are too good at growinggrain, correct?
SPEAKER_01 (11:18):
Obviously, I I think farmers they're gonna take that
check when it comes theirdirection with this gets figured
out, but they would all ratherhave it come from the
marketplace.
You know, if they if if theTrump administration went and
said, let's do year-round E15and we'd automatically have some
demand built into that cornmarket, I think that probably
would go a lot.
(11:39):
Uh it would be more welcome,probably, from producers than
just cutting them a check.
Yeah, absolutely.
SPEAKER_00 (11:44):
All right, as we uh finish up this week, what else
is on your mind?
We got weather up north lookingpretty good.
We got uh possible trump buckson the way.
We still have a heck of a bullmarket in cattle, bull market
and hogs, gold and silverexploded higher at the end of
the week.
Folks, I don't know if you'rewatching gold or silver, but
check that little coincollection of yours.
Silver hitting$45,$46 an ounce,gold approaching$4,000, crude
(12:09):
oil up a dollar fifty on Friday.
Don, those are all things.
When I say that, that's startingto sound inflationary with me.
If we get commodities up likegold and silver and get energies
to go for the ride, we haveinflation at a time when the
Fed's lowering rates.
This could be interesting,couldn't it?
Yeah, no doubt.
SPEAKER_01 (12:26):
Next week we also have a stocks report and a small
grain summary, those numbersfrom USDA.
Will that have any impact?
SPEAKER_00 (12:32):
Or oh, yeah, yeah, yeah.
And uh obviously, what day isthat report?
Because if we shut down Tuesday,what's day?
Tuesday.
Yeah, you're right.
Well, watch the shutdownwouldn't happen till midnight,
right?
All right, let's make sure themath is math in on that one.
And yeah, I know shutdownsduring harvest delay the data
for all reports, financialreports, agriport reports, crop
(12:55):
conditions, export sales, thewhole deal.
Like the government shuts down,it's not a good thing.
So we got a mixed bag.
We got Trump bucks, the thegovernment sending us money.
And uh, on the other hand, youknow, can we keep the government
open and with that?
All right, if people like thisand they like getting
information like this, how dothey get a hold of the one and
only?
Mr.
Don Wick.
SPEAKER_01 (13:15):
Uh, you can shoot me an email, Don at rrfn.com.
We have a weekly e-newsletter,goes out every Monday called
FarmNut News.
And uh, we like to think it's apretty good snapshot and what's
going on in the world ofagriculture, whether it's policy
or crop conditions, those kindof things.
You can also go to our website,rrfn.com, and sign up there as
well.
SPEAKER_00 (13:33):
All right, I'm gonna put you on the spot.
I'm not gonna put the cameraback on me, but I'm gonna ask
you something serious.
If you could give a 15-secondlittle speech of words of
encouragement to the farmer atharvest, what would it be?
SPEAKER_01 (13:43):
Well, I think we got some pretty big bushels out
there.
That's uh a positive.
There's nothing like having somegood weather at harvest time.
And and yeah, there is certainlygoing to be some financial
support coming there either way,uh a helping hand, so to speak.
That's uh that's got to be apositive.
SPEAKER_00 (13:58):
Mr.
Don Wick with the Red River FarmNetwork, this is Tommy Gersafi
from Magbull Media with yourweek in review, 926, 2025.
The calendar's just flying by.
I'll see you next week, Mr.
Wick.
Thanks, Tommy.
Well, it's been a heck of a week, everyone.
Tom Grassofi with AgBo MediaAgBill Trading.
We have the one and only DonWick hiding behind the curtain.
But I gotta tell you, this isour second time doing this.
We had a little mishap.
But you know what?
I was joking around too much,and there's some really serious
things going on.
Farmers are hurting financially.
Our government may be shuttingdown.
The government's saying they'regonna give farmers money, yet
(00:35):
the government's shutting down.
So let's be serious about thisuntil we start joking.
If we don't laugh, we'll cry.
Mr.
Don Wick from the Red River FarmNetwork on our second time.
And you know what?
It always goes better the secondtime.
You're doing so great too.
Stage is yours, Mr.
Wick.
I will say this.
How are we gonna keep thegovernment open?
How are we gonna give farmersmoney if we can't give if we
(00:56):
can't keep the government open?
SPEAKER_01 (00:58):
Well, starting with the government shutdown, we're
due to run out of money orfunding.
The government would shut downas of midnight Tuesday, Tommy,
or Wednesday morning.
At this point, it doesn't lookit looks pretty bleak on getting
something accomplished without ashutdown.
The House, uh House Speaker MikeJohnson has said that they're
not even gonna come intosession.
So that forces the hand of theSenate.
(01:19):
They can only vote on the Housebill that was passed a week or
two ago, a week ago, and there'scertainly not enough 60 votes
that they need to get somethingpassed.
So I don't see what kind of luckthey're gonna have in getting
getting this government acontinuing resolution passed
that would really just kick thecan down the road until
mid-November.
SPEAKER_00 (01:38):
Yeah, there's some tough things going on.
I'll tell you what.
If I could make a video to sumwhat the heck's going on in
Washington, it would look likethis.
Are you ready, Mr.
Wick?
I made this myself.
All right, let me see what wehave here.
This is what Washington, D.C.
looks like.
We're trying to keep it open.
We're telling farmers we'regonna give them money.
(01:58):
We have tariff money coming in.
This is what it's like right nowin DC.
There you go.
This video is called the CapitolCasino.
What the hell's going on at theCapitol?
And you kind of described it.
And I'd say you've been, I'mgonna guess, you've been to DC
(02:21):
in your career 40 times, 50times, twice a year, probably.
SPEAKER_01 (02:27):
Probably, yeah.
That would make sense.
SPEAKER_00 (02:29):
You always learn something when you go there?
SPEAKER_01 (02:31):
Always.
I love it.
But always love to come get onthat plane ride to come home as
well.
Again, you show the uh Trumpbucks.
That was the the big story onThursday when uh in the Oval
Office the president talkedabout the challenges that are
happening in agriculture and theuh the decision to use tariff
funds to to send some directpayments to to farmers.
(02:56):
The challenge is it's still apretty big lift to get that job
accomplished because they needto do some things to make that
happen.
You just tariff money is is uhtargeted to a certain area or it
goes into the general fund, andyou can't just make the decision
that we're going to boom sendchecks over to farmers.
It doesn't work that way.
(03:16):
Congress is going to have to getinvolved at some point.
The talk is uh the use ofSection 32.
That's uh an area where 30% oftariff revenues are going to
USDA.
That's a program that'sgenerally been used when we've
had some low commodity prices,and USDA wanted to build some
demand so they would buycommodities at commodities that
(03:38):
would go into nutrition programslike uh school lunches and those
kind of things.
To tweak it to send directpayments to farmers, Congress
would need to get involved.
And it's likely that it would belate in this year before that
would be accomplished.
So the trick would be how do weget that done?
What vehicle are they going touse in Congress to deal with
(04:00):
this?
I think there's a story to betold, certainly, uh, that there
it needs to be some kind ofbridge to help farmers get
through this time when we getinto next year.
You know, they used that one bigbeautiful bill and bumped up
reference prices and did somethings with uh ARC and PLC and
crop insurance, but that doesn'ttake effect till next fall.
(04:20):
So this is really that bridgethey've been talking about to
help farmers have that cushionto get them through this year
and buy the inputs they need toget into 26.
SPEAKER_00 (04:29):
Yeah, it's operating's gonna be tough.
We have interest rates comingdown a little bit, Don Wick.
We have interest rates comingdown just slightly, but not
enough.
I mean, interest rates droppedlast week, they may go down a
few more quarters.
Agriculture has a much biggerproblem than a quarter, half
point uh percent interest rate.
I saw this picture on theinternet of uh this farmer right
here, and uh I would say he ispretty disconnected from what is
(04:54):
happening in agriculture.
We had a little mishap here.
We had a mishap on the beefsituation.
This young lady right herestarted saying that maybe we
would pay farmers, maybe shedidn't say it, maybe it came
from her staff.
I don't want to misspeak, but wewould pay farmers to retain
heifers.
What do you know about that, Mr.
Wick?
SPEAKER_01 (05:14):
She said there would be some incentives to uh she was
in referencing the New WorldScrewworm and talked about the
beef supply and talked aboutincentives.
I think that somehow gottranslated in the media of
saying that uh we'd be payingfarmers a check uh to add
replacement heifers into theherd, those kind of things.
SPEAKER_00 (05:35):
You know how the media is, you know how these
reporters are in this radioguys, but uh and you know what,
everyone's looking for the newstory, the new beat, but boy,
did it affect the cattle market.
It did the cattle market tradedlimit up that day, Mr.
Wick.
SPEAKER_01 (05:48):
So yesterday she was speaking in Kansas City.
She talked about some of thesame farm assistance, the
helping hand that uh Trumptalked about, but she did
clarify, at least in a newsbriefing after that uh USD or
that Ag Outlook conference thatwas going on in Kansas City,
just to clarify how that wasgoing to be done.
Again, she was talking aboutsome kind of incentive, but it
(06:10):
was not a payment that was gonnabe happening to cattle
producers.
She just made it pretty clearshe didn't want to interrupt the
supply-demand situation andcattle, particularly when that's
the one sector that's actuallybeen making money.
SPEAKER_00 (06:22):
Yeah.
And then cattle then had thatclose to limit down day,
finishing the week here a littlefirmer.
We had another, I don't knowwhat the hell you want to call
it, debacle or situation.
I'm gonna read this to you.
Why would the USA help bail outArgentina?
This is from Senator ChuckGrassley, who I'm sure you know
well.
While the bailout Argentina,while they take American soybean
producers' biggest market.
(06:45):
What did he say?
We we we should.
I think he forgot a letterthere.
They guys spell them like me.
We should use leverage everyturn to help to help from
hurting pharma comedy familyfarmers should be the top of
mind in negotiations.
Did are they spelling stuffwrong on purpose?
Or I just realized what thatlooked like.
I'm trying to read it.
I'm like, are there lettersmissing?
SPEAKER_01 (07:06):
I'm not sure if Chuck's doing his own social
here, but uh he's they had alittle nightcap and then put
that beauty on it.
Give him a break.
He's like 92 years old.
So if he's on the on theTwitter, he's 10 years old.
Oh, ouch.
SPEAKER_00 (07:20):
Ouch.
Seriously, Chuck, he's the man.
He actually farms.
I love when he posts thosepictures.
Well, he's the man if you wantto be the man.
I do love when he posts thosepictures of him uh harvesting
grain in that makes me happy.
Speaking of harvesting, we havesome of that going on.
What are you hearing for harvestup north by you, Mr.
Wick?
SPEAKER_01 (07:37):
So the weather's been beautiful this week.
We've just uh been blessed withuh warm temperatures and dry
conditions.
It really was what this cornneeded, I think, to some get
some final GDUs and bring it toblack layer, bring it closer to
maturity.
We're hearing a few guys thatare sneaking into soybean fields
uh just very early in thatprocess, though.
(07:58):
But this forecast still looksgood going into next week.
I think there's a lot ofoptimism once you get in the
combine attitude, certainly canchange.
SPEAKER_00 (08:06):
Yeah, absolutely.
And uh, I'm hearing yieldreports uh pretty good from up
north, not a lot of complaining.
Obviously, they're complainingabout the basis, the poor price.
Speaking of the basis, thatactually improved a little bit.
It got less worse in someplaces.
Did you notice that or did youhear anything?
I think we might have sold a fewloads out of PNW.
SPEAKER_01 (08:25):
We each week we do an assessment.
We have seven differentelevators that uh in our our
listening area that we we trackas far as their basis levels.
We saw it widen in particular.
You go down to Worthington,Minnesota, which is our our
southernmost area that we had.
Uh there, I think their basiswas down closer to 80 cents.
(08:46):
While you looked at otherelevators, I think Alton Grain
in Halstead, North Dakota, theywere at 160.
So you had quite a difference.
So in some areas it was gettinga little you know a little worse
as far as the basis, and otherareas that approved.
SPEAKER_00 (09:01):
Yeah, we'll see if we could sell a few more loads,
get a few trains lined up.
They're definitely a value.
From what I understand, goingback to Argentina, was that we
Argentina lowered the tariffs,the markets sold off.
They did a ton of business, andthey're like, okay, we did a ton
of business, raise the tariffsback up.
Is that the way you understandit?
SPEAKER_01 (09:18):
So yeah, they they have an export uh tax that they
have on their all of theircommodities, corn, soybeans,
beef as well, and they put thatat zero because they're trying
to prop up their economy.
They needed some dollars to befunneled into their into their
coffers, and China came through.
What did they see?
SPEAKER_00 (09:37):
Like 30, 35 right there at the bottom of our
screen.
Someone just popped that upthere.
Look at it.
I want to thank myself for that.
China booked 35.
Allegedly, you know, whatever.
They did some business.
And all right, so let's talkabout it.
SPEAKER_01 (09:49):
It reached a certain level that they had
predetermined it would go to,and and that it only took like
what three days before they hitthat limit, and then they they
dropped.
So I'm sure I had to do that.
It shows you how aggressiveChina was, really.
SPEAKER_00 (10:00):
Yeah, that's what I'm thinking about.
So China, you know, they willtake them all.
All right, now if the rest ofthe world wants to go to South
America, there's not going to beas many beans left.
And at some point, there's someifs and buts and maybes, you
know.
But if we cut a deal with Chinaand South America has a weather
production problem, we willexplode in the market.
(10:21):
The speculator will buy it, thefarmer will hold tight, the
trump bucks will be showing up.
It's interesting how the Trumpbucks affect the farmer's
ability to market grain.
It kind of, I'll just say it, Ithink it makes them worse at
marketing because they're like,oh, this money bought me some
time.
Let's see if we can't catch arally.
Oftentimes they do, but if theydon't, then they will have paid
(10:41):
a lot of money to store grain tojust be in the same problem they
are here.
And I think that's what so manyag lenders are worried about.
But with that, the Americanfarmer is the most optimistic
person I know, and you don'tfarm for all these years, they
do being a pessimist, right?
I mean, if you're gonna be therelike the world's ending chicken
little all the time, you're onlygonna make it a few years.
And these are gonna be a toughcouple years, but usually, as
(11:03):
you know, you've been inagriculture for a long time.
We go through good cycles, badcycles, good cycles.
I just don't know what gets usout of this, Don.
It's gotta be demand, right?
We can't just count on theprices going up.
We need demand.
We are too good at growinggrain, correct?
SPEAKER_01 (11:18):
Obviously, I I think farmers they're gonna take that
check when it comes theirdirection with this gets figured
out, but they would all ratherhave it come from the
marketplace.
You know, if they if if theTrump administration went and
said, let's do year-round E15and we'd automatically have some
demand built into that cornmarket, I think that probably
would go a lot.
(11:39):
Uh it would be more welcome,probably, from producers than
just cutting them a check.
Yeah, absolutely.
SPEAKER_00 (11:44):
All right, as we uh finish up this week, what else
is on your mind?
We got weather up north lookingpretty good.
We got uh possible trump buckson the way.
We still have a heck of a bullmarket in cattle, bull market
and hogs, gold and silverexploded higher at the end of
the week.
Folks, I don't know if you'rewatching gold or silver, but
check that little coincollection of yours.
Silver hitting$45,$46 an ounce,gold approaching$4,000, crude
(12:09):
oil up a dollar fifty on Friday.
Don, those are all things.
When I say that, that's startingto sound inflationary with me.
If we get commodities up likegold and silver and get energies
to go for the ride, we haveinflation at a time when the
Fed's lowering rates.
This could be interesting,couldn't it?
Yeah, no doubt.
SPEAKER_01 (12:26):
Next week we also have a stocks report and a small
grain summary, those numbersfrom USDA.
Will that have any impact?
SPEAKER_00 (12:32):
Or oh, yeah, yeah, yeah.
And uh obviously, what day isthat report?
Because if we shut down Tuesday,what's day?
Tuesday.
Yeah, you're right.
Well, watch the shutdownwouldn't happen till midnight,
right?
All right, let's make sure themath is math in on that one.
And yeah, I know shutdownsduring harvest delay the data
for all reports, financialreports, agriport reports, crop
(12:55):
conditions, export sales, thewhole deal.
Like the government shuts down,it's not a good thing.
So we got a mixed bag.
We got Trump bucks, the thegovernment sending us money.
And uh, on the other hand, youknow, can we keep the government
open and with that?
All right, if people like thisand they like getting
information like this, how dothey get a hold of the one and
only?
Mr.
Don Wick.
SPEAKER_01 (13:15):
Uh, you can shoot me an email, Don at rrfn.com.
We have a weekly e-newsletter,goes out every Monday called
FarmNut News.
And uh, we like to think it's apretty good snapshot and what's
going on in the world ofagriculture, whether it's policy
or crop conditions, those kindof things.
You can also go to our website,rrfn.com, and sign up there as
well.
SPEAKER_00 (13:33):
All right, I'm gonna put you on the spot.
I'm not gonna put the cameraback on me, but I'm gonna ask
you something serious.
If you could give a 15-secondlittle speech of words of
encouragement to the farmer atharvest, what would it be?
SPEAKER_01 (13:43):
Well, I think we got some pretty big bushels out
there.
That's uh a positive.
There's nothing like having somegood weather at harvest time.
And and yeah, there is certainlygoing to be some financial
support coming there either way,uh a helping hand, so to speak.
That's uh that's got to be apositive.
SPEAKER_00 (13:58):
Mr.
Don Wick with the Red River FarmNetwork, this is Tommy Gersafi
from Magbull Media with yourweek in review, 926, 2025.
The calendar's just flying by.
I'll see you next week, Mr.
Wick.
Thanks, Tommy.
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