Will DOGE come for agricultures' government support? @steveconaway1

About this episode

Steve Conaway (@steveconaway1) joins Vance for a show built around three threads: GMO corn traits and whether the steady drumbeat of new stacked traits still pencils out for farmers once technology fees are factored in, the early fallout from ICE immigration raids reaching agricultural communities and the uncomfortable political tension it creates for farm-country Trump supporters who rely on immigrant labor, and the recurring Bitcoin-as-hedge segment. The GMO conversation continues the show's long-running skepticism toward legacy agricultural systems (echoing Vance's Monsanto background) — questioning whether trait innovation has plateaued while fees have not. The ICE raids topic surfaces one of the more politically uncomfortable threads recurring across this ATR run: farm country broadly supported enforcement rhetoric in the abstract but is now watching its own labor pool shrink as raids reach dairies, packing plants, and field crews. As with most ATR episodes, the show closes with the Peter Thiel paradox and worthy adversary segments plus the standard river.com/Legacy Interviews sponsor reads.

Key moments

• Discussion of ICE raids hitting agricultural labor and the tension it creates within the farm-country political coalition that backed enforcement rhetoric.
• GMO trait-stacking discussion weighing diminishing agronomic returns against rising technology fees.
• Bitcoin land price report continuing the show's early-adoption thesis for farmland collateralization.