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Ag Tribes Report: Did TX Farm Bureau sellout to CCP? Will Trump kill corn price? CO2 Eminent Domain?

July 26, 2024 · The Vance Crowe Podcast

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About this episode

In this Ag Tribes Report episode, Vance Crowe hosts Rupert Williams ("Snark Asosa"), CEO of the commodity-prediction platform Go Farm Yourself and a 25-year veteran commodity trader, for a rapid-fire breakdown of agricultural policy news. They open with Trump's proposed tariffs (10% on all imports, 60% on Chinese goods, up to 100% on cars) and debate whether a second Trump term means a repeat trade war, recalling how China's soybean/corn export share collapsed from 62% to 18% during the first trade war before partial recovery and farmer indemnity payments; Williams notes farmers overall did fine given the payments despite lower cash prices, while Harris/Democrat policy remains an unclear "unburdened by what has been" abstraction with likely continuity of Vilsack as Ag Secretary. The pair then dig into a Texas Farm Bureau controversy over a proposal requiring disclosure (not prohibition) of foreign land purchases from adversarial nations, discussing foreign ownership of US meatpacking capacity (Williams claims ~half of cattle packing and a third of hog production tied to Chinese ownership, implicitly referencing Smithfield) and comparing it to the TikTok ban debate — arguing food security deserves at least as much scrutiny as social media ownership. They cover speculator criticism amid low corn prices ($4.01 vs. $5 breakeven), with Williams defending speculators as a necessary, symmetric part of price discovery (framing farmers holding unsold grain as themselves "long speculators"). The final topic is a proposed Midwest CO2 pipeline (Summit Carbon) reclassified as a public utility enabling eminent domain over private farmland, which prompted a successful South Dakota ballot measure backed by figures like Amanda Radke and Jim Eschenbaum to restrict this state power grab; Williams expresses skepticism of climate alarmism ("I've been told since I was 10... we're 24 years past that") while acknowledging carbon credit markets are real and driven partly by corporate net-zero pledges (citing Bill Gates's farmland holdings as a hedged bet). Williams's "unaligned opinion" is that declining US share of global grain exports (from ~60% to 31.5% since he started trading) means farmers should focus on domestic consumption (ethanol, SAF, renewable fuels) rather than exports, given geopolitical risk with China/Taiwan; Vance partially disagrees, noting renewable fuel mandates effectively force domestic consumers to subsidize corn demand. The episode closes with each naming a "worthy adversary" to follow on Twitter/X — Williams picks a rival cattle-futures trader ("Meat Idea"), Vance picks Adam Jones/Kansas Angus.

“During the trade war we were 62% of the exports to China and then our market share went down to 18%... he made payments to farmers from some of that tariff money.”
“Almost half of it currently in cattle [packing capacity is foreign-owned]... a third of the hogs on feed in the United States are owned by a Chinese entity through a certain corporation, which will go unnamed.”
“The virtue signaling corporations of the world, the Amazons that have pledged to go net zero, Google whatever, your tech company... this is one of the reasons I think Bill Gates has bought up all this land.”

Key moments

Notable quotes

“A third of the hogs on feed in the United States are owned by a Chinese entity through a certain corporation, which will go unnamed... my lawyers have said don't say anything about any of that.”
“What they're doing right now is they're taking powers that were controlled by the county and they're raising it up to the state level so the state can make it so they do a public utility on something that's actually a private business.”
“I've been told since I was 10 that the polar ice caps are melting and New York City was gonna be underwater. That was 1986 by 2000. So we're 24 years past that.”

Predictions made in this episode

Full transcript

Read the full transcript (word-for-word, with timestamps)

Vance Crowe [00:00:00] The Ag Tribes Report is brought to you by Legacy Interviews, a service that video records individuals and couples telling their life stories so that future generations have the opportunity to know their family history. To learn more, visit Legacy Interviews dot com and farm test, a field trial design, execution and analysis service that makes it easy to ask your fields which management practices perform best. To start your field trials, visit Farm Test Ag. Welcome to the Ag Tribes Report, a breakdown of the top stories affecting the culture of agriculture with your host, Vance Crowe. The report begins in 3, 2, 1. Let's begin. Welcome to the Ag Tribes Report. I'm your host, Vance Crowe, and this week I am joined by Rupert Williams, otherwise known as Snark Asosa on Twitter. Rupert is the CEO of Go Farm yourself, a value prediction tool on forward commodity prices, providing farmers an unbiased, data-driven machine learning algorithm to help make decisions based on data and not emotions. That is a big mouthful, but if you've been around the ag world, what you know is that Rupert is one of these traders that gets out and visits some of these far flung places. I know he's been out to visit ranchers, farmers, all across the country to try and figure out what is really going on. And he has got a loyal following of hundreds of people that really believe in what he's doing at Go Farm yourself.

Vance Crowe [00:01:36] So Rupert, welcome to the Ag Tribes Report.

Rupert Williams [00:01:40] Thank you for having me, Vance. I appreciate the the opportunity.

Vance Crowe [00:01:44] Alright, well let's jump into the headlines For anybody new to the show. What we're gonna do is go spend about 20 minutes just cranking through what has been going on that matters to the tribes that either Rupert is a part of or things that we're watching. And now that the RNC meeting is over, JD Vance is the new vice presidential candidate. Kamala is on the other side of the aisle and people are starting to throw mud. We're now hearing about some of Trump's plans. And Rupert, you threw out to me that Trump has some plans about tariffs. Right now, CNN is reporting, Trump is claiming he will impose a 10% tariff on all imports, a 60% import on all Chinese imports and as much as a hundred percent on cars that are coming into the US because he wants to bolster the US car market. So when you think about this for farmers, what do you think Rupert is a vote for? Trump a vote for a giant trade war?

Rupert Williams [00:02:44] So that's a great question and a loaded one. I've got many thoughts on this. The last time Trump was president, we saw the Trump trade war go into effect. We saw corn and bean prices plummet. I was looking at a stat earlier that during the trade war we were 62% of the exports to China and then our market share went down to 18% in that initial trade war. Now, nobody thought that would actually work, including myself as a free market economist we're always told tariffs don't work, et cetera. And you know, then all of a sudden you started getting concessions from China and we were told before that, you know, you just need to sign the TPP, et cetera, transpacific partnership rollover, and China's gonna rule the world. Now we got quite a bit of concessions and we know that the main, one of the main things that China imports is food. They got one point a bajillion people and they gotta feed 'em. And if they don't, they have a civil war. So that was a big argument I started on Twitter or ex or formerly known as Twitter, the artist formerly known as Twitter. And you know, you got, you got both sides of the argument, it's country over self, this and that. And then this weekend Trump posted on true social m agriculture. Great again. So what does that mean? Does that mean he's gonna force the Chinese to live up to what he demanded and what they signed off on? Or is it he's gonna make indemnity payments to farmers and make the difference? So one of the things he did with the tariffs, which I thought was actually a pretty good idea and I'm I'm, he made payments to farmers from some of that tariff money.

Rupert Williams [00:04:16] So that ended up being a po net positive for a lot of guys. Although the, the prices at the elevator were probably not very good on the other hand, will he do that again? I don't know. That's a long way off. And right now prices are pretty low and, and probably for everybody listening to this as a farmer is below their cost of production as of today.

Vance Crowe [00:04:37] Yeah. You know, as I as you're saying all this, it reminds me, I do remember that he was kicking off a trade war with China. Everybody was all worried about it, including me. I'm totally a free market guy, but I don don't really remember how it all played out. And to think like this, this is, it's one not saber rattling and two, if I recall, there were some pretty big payments written out to farmers when all this went on to make everybody feel better, right?

Rupert Williams [00:05:02] Yeah. And, and it's not every guy necessarily. So I'm sure some people got left out in the cold and I don't know all the details to that, but I've had, we work with over 600 farmers that go farm yourself and you know, several said, I've never made so much money during the Trump years and that's what price is low. Now they might have had the right setup, they might have had this and that to maximize payments or the right crop rotation or cattle plus this et cetera. You know, we do know whether or not, it's interesting how this plays out, right? You've got a hundred days till the election and we've got Trump who has come out and already said what he's gonna do on this one side. And then you've got the alleged nominee. Now this is changing by the minute in Kamala Harris and what I do know about her policy because she hasn't really done any of that. It's hard, it's a, a hard read, right? But I do know her policy will be centered around what has been, can be no what

Vance Crowe [00:06:08] Unburdened by what has what,

Rupert Williams [00:06:10] Yeah. What has been can be unburdened by what has been, yeah, that's it. Lemme say it again 'cause it makes sense if you don't think about it. What has been can be unburdened by what has been, so what does that mean? Well, we had $7 corn in the last few years and we've had $3 corn last year. So I don't know which part she's gonna unburden, but if she unburdens it and we go back to $7, that'd be pretty cool. So I don't really know. I would expect on her side of the aisle it would probably, Vilsack would stay as he's beloved here in Iowa, he'll probably stay as agricultural secretary. And from what I'm hearing from most farmers is he's doing a pretty good job trying to push, you know, the, to try to push for farmers, et cetera. He used to be here in Iowa and then got appointed and you know, the real challenge on, on the Democrat side is they're pushing the Green New Deal, which is pushing everybody to an electric vehicle. Obviously if you do that, you push away from gasoline, you push away from ethanol, et cetera, which is not a net positive for farmers or biodiesel, et cetera.

Vance Crowe [00:07:17] So to me, when, when I was reading about this and you know, you're reading CNN, you think they generally have more of a, like a left lean. What I think is interesting is by Trump coming out as a Republican in favor of tariffs, he's going to push the left if they want to be on the opposite of him to, to what free trade. Like this is gonna be an interesting thing and who knows how it's gonna play out, but I know this is big news for, for the presidential race. Let's keep going. Talking about some of the other big stories going on. I think one of the ones that we've gotta talk about, and as soon as I posted that I was gonna talk about this, I got lots of dms about it, people saying their perspective. And the question is, is the Texas Farm Bureau selling out to the CCP? So yesterday I was on Twitter and Adam Jones throws up a tweet basically saying, I am ashamed of my membership with the Farm Bureau. I can't believe I was ever a part of it. Look at what they're doing. So, you know, somebody says something that bold, I'm gonna go check it out. I go look at what's going on. There is a select committee in Texas that is looking at if it should be okay for people to sell their land to, to foreign interests. And specifically they're saying, is this not in our national interests? Is there a danger to us doing this? And a bunch of people had different perspectives. There were lobbyists on all kinds of different sides on this, but one of the people from the Farm Bureau came up and said, Hey, let me put forward my idea. You know, I've been involved in the firm bureau for a long time, this is what my perspective is.

Vance Crowe [00:08:49] I think there is a danger to there being foreign interests. So, but we are in favor of the free market. So what I think we should do, this is the Farm Bureau guy saying, he says, I think that we should just make sure that they must disclose if it's somebody from outside the US that's buying this in particular, if they're among these countries like North Korea, Iran, or China. And then it's still the farmer's choice. So the Farm Bureau is coming out saying, we support farmers' freedom to do this, but yet we also think that there should be disclosures. But now the other side is saying, what are you doing? Are you nuts? We can't have foreign countries owning land in the United States. What happens if something happens? What happens if we have a fight with them? What happens if things go south? What are we gonna do then? So what about you, Rupert? You are a trader. What do you think should, should people be able to sell their land to whomever they want?

Rupert Williams [00:09:44] Well, I'm a free market capitalist. So there, so the educated answer is yes, but I'm gonna say no and here's why. Right? I I, I, I'm pretty simple in my political views. You know, border security, national security, education and food security. There's probably some other ones that I'm not thinking of equal rights. So the basics, very simple stuff and stay out of the rest of my life. But when it comes to foreign ownership of our land one, they for sure have to disclose it. But if, what if they do it through a proxy, right? What if they send a hundred people over here to buy land and it's actually the Chinese government? Well now all of a sudden we go to war with them and they own a bunch of our land. That gets very complicated. We've seen this in the cattle business in general with two of the biggest meat packers. And this is a disclaimer, anything I say is my opinion. So beat it if you're upset with it. But we have foreign ownership of our packing capacity, almost half of it currently in cattle. And I think it harms, I think it harms the entire industry. The other thing I would say about that is in the hog business, you know, a third of the hogs on feed, I believe that someone fact-check me in the United States are owned by a Chinese entity through a certain corporation, which will go unnamed. That being said,

Vance Crowe [00:11:03] Smithfield, right? That's what you're talking about that,

Rupert Williams [00:11:06] Yeah, I mean you said it. I don't know if that's actually the company. It's something. Anyways, my lawyers have said don't say anything about any of that. But, but yeah. So what happens if we go to war with them? What happens if, you know, do we, how do we commandeer that back? How do we claw that? It's just a very messy situation on all fronts. And, and for me, I've always been a big believer in like, you know, and, and it's the same thing where they're trying to ban like TikTok 'cause it has Chinese ownership. Well why are we allowing them in our food supply? Food. Food is way more important than social media, right? We can turn off social media, we can turn off the internet, we can crash the whole thing. We saw that last Friday with CrowdStrike. But you know, to me that is a bigger issue. And you know, I do agree, I do, I can see the argument that as long as we know who it is, but what's the vetting process, right? You see that in New York City and all these other places where you have all these oligarchs from Russia that are buying apartment buildings and other stuff with, you know, through a proxy. How do we know who that is? What's the vetting process? That's more what I'm interested in be, you know, before we agree to any of that.

Vance Crowe [00:12:16] Yeah, I'm very much like let people do what they wanna do. But inside of a country, if you decide, hey, this is the way we wanna do land ownership, I can appreciate that. My perspective is probably the, the one of game theory that says if somebody is doing something to you negatively, then you should probably do it back to them to put yourself on the even playing field. And one thing I know for sure is that the Chinese don't allow us to just go over there and start buying up farmland, right? If you're gonna, if you're gonna run a company in China, they have to own it. The the large share of it. So I don't really know where to come out on it. What my read was on, what was going on on social media was that the Texas Farm Bureau was kind of shown to be like, you know, anti-American. And I think they were trying to represent their members to say, we wanna make sure that the land prices that our members can get for their farmland is, is, you know, as high as it can be. And I, I don't fault them for doing that. I think that's, that's what they're there to do. They're there to organize for their farmers. Any last thoughts before we move on?

Rupert Williams [00:13:17] Yeah, I mean the quick story on that, the, the parallel is, you know, bill Gates is the largest landowner in the united largest farm landowner in the United States. Well, does he want any of that farm? No. He wants solar farms and this and that and, and you know, this net zero and, and trying to push farmers out. Now does that bid up land prices? Absolutely. But I'm for, you know, the family farm, right? One of the reasons we started go farm yourself is to level the playing field between Chicago and the farmer. And in that same vein, you know, having Bill Gates own 230,000 acres of land and what he does with that, I don't know, is that valuable? Not really, but as an economist I say, yeah, that's, he's playing by the rules. Those are the rules that are set. So if we want to change that, we've gotta change that at either the state level, the federal level, you know, with our elected officials.

Vance Crowe [00:14:07] Yeah, well I think one way to change it is to make it so there aren't so much subsidies for people to put up things like solar or wind and it makes it so if people have to pay the real fee for that. And that will lead us to one of our stories that we're gonna talk about here in just a moment about the carbon pipeline. But before we get there, you know, you and I were talking beforehand a little bit about the corn prices. Now, while this isn't a show about corn prices, it's a show about culture. I wanted to talk a little bit about the speculators in the market. You know, the price of corn was about 4 0 1 today, the last I checked farmers break even point is about $5 per bushel non-commercial speculative traders. They're, they're making money off the fact that the corn prices are low. So what do we think of these, these bad, bad traders that are in the market doing this stuff?

Rupert Williams [00:14:56] Well, so that this is one that has been a wildfire on, on X and the other social media platforms that we shouldn't allow speculators in the market and they're ruining the price. And, and yeah, you know, right now it hurts, right? For a farmer to sit there and farm at a $5 break even and have a, you know, a $4 cash price or lower, you know, you're not making money and you're losing money. You're doing all the work, own the equipment, taking all the risk. That being said, speculators have always been part of the market, right? So in 2021 they're speculating that the price is going to the moon because Russia invaded Ukraine. Well now all of a sudden we have $7 50 cent corn when your break even's probably four 50 before planters ever even rolled. We've never seen that. I've been doing this 25 years. We've never seen a price like that before. There was a crop issue, meaning the reason we were at $8 is 'cause no farmer had corn like in 28, 20, 20 18, 20 12. You know, we had a huge drought across the United States. Well yeah, the price went to $8, but you didn't have any corn to sell. Now before you've ever planted your crop, which means you could grow a hundred percent of your crop, you could make $3 a bushel. If you grow 200 bushel corn for easy figuring, obviously it's some number above or below that, that's $600 an acre. That's a decade's worth of money where most farmers are trying to make 50 to a hundred dollars an acre. And so that's where nobody was crying when they were record long and now all of a sudden they're record short. But if you have, this is an important caveat and this is very unpopular with, with the people I share this with.

Rupert Williams [00:16:29] If you have unsold grain in the bin that you've harvested and you haven't sold it, now it's one thing that you don't necessarily have to forward sell it. 'cause you don't know if you're gonna grow it. And if you have variable soils, you can go from 200 bushel corn to zero in three weeks of no rain and hot weather. But if you have unsold grain in the bin and you have not sold it, you are a long speculator. You are the same thing as me or somebody else. That's what makes markets work, right? If I buy or sell gold or the stock market or GameStop or whatever, I may speculator, it's always been part of the market. Now one could argue that maybe they're too big a percentage of the market, but that those are the rules that have been set by Chicago and have, have been expanded. But to be honest, the market clearing price is always gonna be what it goes to the processor end user. That what they can further process it and they built all the steel and concrete and whatever and then sell it as a final widget to somebody else. Or they sell it to the next stage of the supply chain, which processes it again. And then eventually it sells to the consumer. Now I know this isn't feasible for most farmers 'cause I grow yellow number two, how do you sell that direct to the consumer? Well, you either have to create a business that then processes it and then puts it into animal feed or pigs or feed yards or whatever, and then further processes to get more of that dollar. Now, should the farmer get more money? Absolutely. But that's how capitalism works, right? It incentivizes people to take risks that, that may or may not work out.

Vance Crowe [00:17:58] Well, I think you got a good chance to make the case for the speculator. I'm a big believer in traitors. You gotta have it. They, they, they hurt you when times are rough, but sometimes they also even out the waves. We're gonna go to the last story today, which I think is one that people are kind of vaguely hearing about, but maybe they don't know what's going on. And that is that there is being proposed a carbon pipeline that is running throughout the Midwest and it is designed to take CO2 from the ethanol plants in the sustainable aviation fuel production and they're gonna take it to these sites and bury it, or I don't even know what they're doing with it. So I was the other day, said, or a few months ago, said, Hey, this is a part of the public utility. And so therefore, just like if we needed to do this for electrical wires or we need to do it for water pipes or roads, we're able to use eminent domain. Well, a law passed in South Dakota that was similar to this and the citizens freaked out and with their freaking out people like Amanda Radke, I've, I've heard several other people in there. Jim Eschenbaum got in there, got the voters to get together to put a, a measure on the ballot to say, Hey, no, we need to restrict this power. What what they're doing right now is they're taking powers that were controlled by the county and they're raising it up to the state level so the state can make it so they do a, a public utility on something that's actually a private business.

Vance Crowe [00:19:29] There's a company called Summit Carbon is is that what it's Summit Carbon? Yep. And that's it. And they're, they're gonna be the ones that benefit from putting this thing in there. So they're saying no citizens of South Dakota. We do not feel like this is in our best interest. So Rupert, you're a trader. Before we jump into what should happen with that carbon, you know, pipeline, is there even anything to sell or buy when we're talking about carbon credits and CO2 like this?

Rupert Williams [00:19:56] Well, yeah, I mean this is becoming a huge market. This carbon credits, the, you know, the virtue signaling corporations of the world, the Amazons that have pledged to go net zero, Google whatever, your tech company, I don't even know how you go net zero. I don't think you even do anything that involves carbon other than energy to run servers. So that seems kind of bizarre. This is coming whether you like it or not, right? This is a tradable market, whether it's RINs or multiple different ways of these carbon credits or tax credits and 45Z that's coming in January. This is all kind of part of this new initiative of this battle against climate change. And whether, whether or not you agree with climate change or whatever it's coming. I mean, this is, this is one of the reasons I think Bill Gates, who we mentioned earlier has, you know, bought up all this land, right? And then you say, well, Microsoft's gonna be a carbon neutral company, but oh, I already own all this land and it's regenerative and X, y, and z. Now does it change? You know, the ultimate form of carbon sequestration that's a mouthful, is growing crops, right? Corn literally uses carbon to grow the plant, but it's, it's a real market. And the federal government classifies liquified CO2 as a hazardous material. So that's the same as propane, liquified natural gas or petroleum. Those all run through pipelines. Pipelines are the safest way to transport any kind of hazardous material. Studies have been done. You know, railroads, you saw the one, the derailment in Pennsylvania, I think it was Ohio, one of those rust belt states and you know, by truck it's just, it's totally disastrous.

Vance Crowe [00:21:34] One of those. Sure. But safety aside, what they're proposing to do here is to say, farmer, you don't want this here, you don't want to sell me or land to be able to run a pipeline here. Too bad that this is a public utility and you can't stop us. Something about that doesn't seem very American.

Rupert Williams [00:21:50] No. So I'm for freedom. So let me say this, the right answer to this is there is no right answer other than personal property is sovereign, meaning it belongs to the individual and they have the right to do whatever they want with it. So I can argue both sides of it that if you know the, the, the cons are climate change is real. Do we know why? Not really. I've been told since I was 10 that the polar ice caps are melting in New York City was gonna be underwater. That was 1986 by 2000. So we're 24 years past that and we're still using those same arguments. And now we've got a 16-year-old that's time person of the year allegedly telling us this. But she won't go to school unless the air conditioning is at set at 69. So, you know, again, it's all a charade, but it's a real market. And so we have to either play by the rules that are current or we change them. And since the federal level, carbon is classified as a hazardous material, right? It follows the same rules as petroleum, natural gas, et cetera. Right? Now the pros of this is you can take advantage of this if it's for the common good. Now obviously South Dakota ruled against it after everybody got up in arms. And what's weird is, I wanna tell you this, this is a personal vendetta of mine because I hate the Sierra Club now. I like what they stand for, but they suck. All they want you to do is drive an electric vehicle.

Rupert Williams [00:23:20] There is no question that is the wave of the future as far as what they're pushing to everybody to save the environment. Now again, an electric vehicle takes more energy than to run gasoline. It's a pretty efficient engine. But diesel, gasoline, everything's gonna be more expensive. That's what they want because they want you to drive an electric vehicle. So I never wanna be on the same side of the Sierra Club lobby. I'll go on the record.

Vance Crowe [00:23:44] Well the, yeah, the, the Sierra Club to me is, is a PR firm and they're just, they're just very, very specialized on, you know, what they consider to be environmental. Alright, we're gonna leave it there. We'll talk more about this carbon pipeline I'm sure in the weeks to come, if you as a listener are out there and you have any news you think we should cover, you can always send it to my DM on X or you can email it to me Vance at Vance Crowe. Now we're gonna move to a, a segment that I really love of the podcast, which is where we talk about unaligned opinions. This is where I invite my guest, Rupert here, to share an opinion that almost no one in his ag tribe agrees with him on. So Rupert, if you can say shortly, what is an unaligned opinion? You hold that pretty much everybody disagrees with you on.

Rupert Williams [00:24:32] So this, this is, this is the one that I share the most with farmers in the United States. Everybody says those boys in Chicago, I'm a former Chicago board of trade floor trader, it was always this mystical place that was controlling your life and et cetera. And now the price moves all over the place and you're not getting paid what you think you're worth. However, your local basis, which is the market that's plus or minus Chicago, right? That's the logistics, that's the demand in your area is doing more the work than it ever has. Why? Because we produce 31.54% of the world supply as of 2023. We used to, when I started trading 20 years ago, we were like 60% of the world's supply. China's the second biggest, but they've feed all to their people. And then now you've got this behemoth, which is South America, they get bigger every year. They have unlimited land, they will burn down the entire rainforest. I promise they have no emission standards, they have cheaper labor, they have all, they're starting to get all the same genetics we have and they are gonna compete with us on a global scale. So what we need to do is accept that and acknowledge that and then find local markets on how to use all this corn we produce domestically, whether it's ethanol biofuels, SAF has been the big one. One of the reasons we support renewable fuels association, a SA and National Corn Growers as a company is because we need to consume, we can't depend on, on the export markets anymore. We export 51% of our soybeans.

Rupert Williams [00:26:04] Think about that. We grow 51% more than we actually need. Now I'm not trying, trying to tell farmers to not be better growers, make the biggest product you can, but where's the market for it? And if we have to depend on foreign markets in this geopolitical situation where the, if, if the Democrats win, then China will invade Taiwan in three months, then what? Then they're not buying anything from us and from the first Trump trade war, they've invested money up the upper Amazon to be able to load faster and and grow, get the product to the main port, to the Panamax to them faster. I can, I think they will continue to do that under Trump. And I'm not even convinced as of you know, what we're seeing this year is if they're ever coming back, not only that their economy is struggling, it's going downhill. They've cut interest rates twice this week and you didn't see the price of anything go up. Now that being said, one more thing is if we can consume this domestically, then we don't have to worry about the rest of the world. I'm fine, I'm fine with that. And then your local basis will do all the work instead of Chicago.

Vance Crowe [00:27:11] Well I do think you have a point there that very, very few people are saying, Hey, we shouldn't worry more about exports. We should think domestically. I I would say my counter to what you're saying is a lot of what you're talking about these, these renewable standards that you have to have on gasoline, these are things that you are forcing on the domestic population. You're saying, hey, if we're gonna blend in gas then now we're gonna make the regular public have to pay for this corn when they maybe don't want it. So I'm gonna give you real credit here. I'm gonna give you an eight one on your, on your unaligned opinion because I think this is something that I personally don't agree with. But I think you make a good, a good point that in thinking about domestic production is pretty important. Alright, now on to the final segment. This is a new segment. This is where we're changing up in the past I've been asking people, Hey tell me somebody that is worth following on on Twitter. And I, you know, I really like Clint Fisher but you know, these answers are boring and so I don't want boring. What I want from this show is to cross wires and to arc things and to make things kinda shift up and try new things. So what I want to know is who is a worthy adversary on Twitter for you? And by that I mean who is somebody that you really disagree with but you still respect enough to say, ah, they're worth following on Twitter. Who do you think Rupert?

Rupert Williams [00:28:34] Well I struggle with this question 'cause there's so many and I try to follow people from both sides, but I would say meat idea on Twitter, he is a fantastic follow. When I met him, he was a small trader in the cattle pit. I used to trade in the live cattle pit and he acted like he never lose and he is one of the first people I met off Twitter. And as I got to know him, you know, I challenged him to be much better and he acted like he never lose. And all traders lose money if you act like you don't lose money, you're not real. However I can say this and he is gonna be mad that I said this. He's one of the best electronic traders on the planet in the live cattle and feeder cattle in hogs. So he is definitely worth a follow you. You may not like his style, but he's very direct and he and I battle. In fact, when I started to go farm yourself, he called me and he said, snark, you need to gimme 5% of your company. You screw up everything I you need my help. And I was like, well you can go farm yourself. So, but I would say he's somebody I don't align with a lot of times. But he is an incredible follow.

Vance Crowe [00:29:39] Well I, I think that's a good one. I had, I had not heard of him so I went and looked him up. He privates his, his follows. So hopefully people he'll just be getting pinged with a whole bunch of requests. But the person I wanna say, actually I already mentioned him here today. I, I poke him at him all the time. His name is Adam Jones, he goes by Kansas Angus and he is one of those guys I mentioned, he was the one that said this stuff about Farm Bureau. He has gotten in, you know, blistering fights with close friends of mine like Lyle Benjamin and I. And he drives me crazy but he also is one of those guys that I think before I hit the tweet button to think, is Adam gonna show up here and poke me for this? He's got different perspectives and I really enjoy hearing what he has to say even though on a lot of things we disagree. So I'm gonna go Kansas Angus on that one. Alright, that is gonna do it for the show. I want to thank you so much Rupert for coming on. If people were interested in finding out more about Go farm yourself, where would you send them?

Rupert Williams [00:30:39] I would send them to G y.ag. So it's five letters, g y.ag. Don't go to g y.com. You can find us on the socials at G yco ag on X and then I think it's G y.ag on Instagram, Facebook, and TikTok or it's one of those combinations we're pretty easy to find or go farm yourself.

Vance Crowe [00:31:03] Well thanks Rupert. I wanna also, as we wrap up, suggest to visit our sponsors at Legacy Interviews dot com and farm test.ag. If your business would like to sponsor the Ag Tribes Report to get the attention of farmers, ranchers, and decision makers across the industry, send an email to sales at Vance Crowe dot com. Right before we finish out, I'm gonna announce that next week's co-host is a big one. It is gonna be Jerod McDaniel. I spoke with him today. He agreed to come on. He's gonna come out of his shadowy hiding that he's been doing. He is been living in his world in Oklahoma and he agreed to come on and share some unaligned opinions. So thank you so much for tuning in and as always, feel free to disagree.

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