Ed Elfmann, SVP of Agriculture and Rural Policy at the American Bankers Association, and Doug Wareham, President & CEO of KBA discuss banking priorities in the 2023 Farm Bill. Based upon surveys of farmers, many of them see trouble ahead in 2023, with most predicting crop input prices will be up and crop prices will be flat to down according to Dr. Jason Henderson, Purdue University. According to James Olson, former CIA Chief of Counterintelligence, Putin had reportedly expected to conquer Ukraine in three days’ time in February 2022. Randy Blach, CattleFax, discussed that in prime cattle feeding areas there’s concerns about the corn basis, and he questions whether or not these high prices will ever go away. Paul Mussman, AgWest Commodities, feels given strong levels of farm income in 2022, the sector, as a whole is expected to see above average levels of farm income in 2023 and is well positioned to handle some turbulence though the year. Eric Snodgrass, Nutrien Ag Solutions shared for many people, weather is the ultimate small-talk topic. But for the farmers who feed the world, weather is huge – it can be the difference between a bumper crop and a total loss – so weather talk is anything but small. 15
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