Tariff Threats No Longer Just Bluster

Economic Tidbits 12.18.17

Last week marked a new extreme in the trade tensions between the U.S. and China as President Trump moved forward with tariffs on $34 billion of imported Chinese machinery, auto parts, and medical devices.  China responded immediately with tariffs on several U.S. products including soybeans and pork.  Several U.S. trading partners have now imposed tariffs on U.S. commodities and processed foods in response to tariffs imposed by the U.S.  With all the threats and tariffs imposed, it’s difficult to stay abreast of where things now stand.  Table 1 summarizes recent tariffs enacted by other countries on U.S. agricultural products which will affect Nebraska.  Continue reading

Trade Deficits: Good or Bad?

Economic Tidbits 12.18.17

The U.S. trade deficit with the rest of the world has been getting a lot of attention lately.  In January, the deficit was estimated to be $56.6 billion, the highest level in nearly a decade.  President Trump believes the trade deficit is bad and argues the U.S. is losing to other countries with which it trades.  Accordingly, he believes the U.S. must renegotiate trade agreements and enact tariffs on imported goods to rectify the large deficits.  The President’s arguments raise two questions:  Are trade deficits inherently bad? And, is the U.S. losing to the rest of the world by having such large trade deficits?  Continue reading

Beyond the Beef: The Many Uses of Cattle

beef byproducts

When you think of cattle what do you think of? Most might say something along the lines of steak or hamburger, but have you ever thought about the everyday products that may use some other less obvious parts of the beef animal? By-products are secondary items that are produced in addition to the main product. For as long as humans have used animals as a food source, their by-products have been just as important. For cattle-the obvious main product is meat, but cattle provide numerous byproducts that we use daily. Through manufacturing processes, parts of the animals such as the hide, bones, hair, and fatty acids can be made into important industrial, household and health products. In fact, 99% of the beef animal is utilized!

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The Truth Behind Fear Based Marketing and Modern Agricultural Practices

The other day I decided to treat myself to a large bowl of ice cream. I was feeling like it needed a little extra something, so I decided to add some chocolate syrup and whipped cream. When I looked at the can of whipped cream, I had somewhat of an epiphany when I saw a bold label that said, “No Artificial Growth Hormones.”  I stared at the label as an agriculturalist and an advocate for the industry and began to understand why there is such a distrust between consumers and producers.

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Nebraska County Export Values . . .

 

Economic Tidbits logoInternational trade and foreign markets are critical to Nebraska agriculture.  To get a sense of which Nebraska counties are most reliant on international trade, the Nebraska Department of Agriculture has created a map showing export values by county for select commodities (see below).  Commodities included are beef and beef products, corn, dairy products, distillers grains, ethanol, pork and pork products, pulses, sorghum, soybeans and soybean products and wheat.  The map was created using 2015 Nebraska cash receipts data and attributing shares to counties based on county production data.  Platte County topped the state with export values of $245 million.  Custer, Holt, Boone and Cuming Counties fall in the next tier with export values between $125-$150 million.  Most counties in Nebraska generate at least $25 million in export values, which no doubt contributes significantly to their local economies.

The top counties stand to gain the most from increased access to foreign markets.  Free trade agreements with Mexico, Canada, Korea, Colombia and others, while benefitting all counties, have been particularly beneficial to these counties.  An analysis last year of the benefits of the TransPacific Partnership (TPP) by Nebraska Farm Bureau showed many of these same counties would have benefited from the $378 million in increased receipts Nebraska was projected to receive under the agreement.  The map clearly demonstrates it is in the interest of Nebraska agriculture to continue to press for more open international markets in agricultural products.
county exports

 

Jay Rempe is the senior economist for Nebraska Farm Bureau. Rempe’s background in agricultural economics, years of experience in advocating at the state capitol, and firm grasp of issues allow him to quantify the fiscal impact of a regulatory proposal, and provide in-depth examination of key issues affecting Nebraska’s farmers and ranchers.

Sam’s Shepard’s Pie

Looking for a fun, easy recipe to fulfill your week? This recipe by Crew Member, Sam Steward, is a quick and delicious version of Shepard’s Pie. Try it tonight!

Shepards Pie - cropped

Ingredients

1 pound of hamburger

1 can of corn

1 can of cream of celery

3 cups of cheese

1 ½ cups onion

3 large potatoes

½ a stick of butter

 

Directions

  1. Preheat oven to 425 degrees and grease an 8×13 pan.
  2. Start by peeling and quarter the potatoes in a medium sized pot and boil until tender.
  3. While the potatoes are boiling, begin chopping 1 ½ cup of onion. Then in a medium sauce pan, melt ¼ stick of butter and start cooking the chopped onion until tender.
  4. Halfway through cooking the onions, add the can of corn and continue cooking until tender.
  5. Once the onion and corn are cooked until tender, add the 1 pound of hamburger and cook until brown.
  6. Salt and pepper the corn, onion and hamburger mixture to taste.
  7. Add the can of cream of celery to the corn, onion, and hamburger mixture.
  8. Once potatoes are cooked, you can start mashing them.
  9. In the greased, 8×13 pan, layer the hamburger mixture on the bottom. Then you can layer the mashed potatoes over top the hamburger mixture.
  10. Sprinkle the three cups of cheese over top and cover with foil.
  11. Place in oven and bake on 400 degrees for 45 minutes.
  12. To get browning of the cheese, broil for 5 minutes.

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Importance of Family in Agriculture

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We are often told to choose our words carefully. Sometimes we don’t pay any attention to the words that aren’t inappropriate or hurtful but in reality they are just as important. When attending Nebraska Agriculture Youth Institute a speaker gave us a chart of words to use when talking about agriculture to the consumers who are unaware of who we are as an industry. There was one group of words that really stuck out at me, the usage of operation compared to family farm or ranch. I’ve always considered our ranch as our family’s, but professionally speaking I have always referred to it as an operation. When thinking about Keystone Cattle Company and O-C Livestock I realized that it isn’t an operation but really my family’s home.

Grandparents:

The reasoning behind my agriculture influence. Both sides of my grandparents have given me the opportunity to grow up in the most amazing industry and I have learned so much about their lives through doing the same activities that they have enjoyed in their lifetimes. My Grandpa and Grandma O’Connor have blessed me to grow up in God’s Country. It seems as if I can’t go anywhere without hearing crazy stories about Grandpa. Some of my favorite time with family is spent talking about the older generations. One of my most memorable brandings was this year when my grandpa crawled onto my brothers rope horse and heeled two legs on his first loop. I have been beyond blessed to be apart of the Keystone Cattle Company. However my blessings don’t stop there. My love for 4-H might just come from the Merritt’s. I love to hear the story of my grandparents meeting on the steps of the White House as they represented Nebraska as the 4-H Four Square Winners. Still to this day my family will go through my grandfather’s old papers on his registered Maines and his long line of show quarter horses. I love hearing people talk about how successful my Grandpa was in this tough industry, and even to this day my family and I wish we had his good eye to help us pick out our stock for the year. I love learning more about my family and am blessed to learn about the lives of my loved ones.

Mom:

Perhaps the biggest influence of agriculture in my lifetime. If anyone knows my Mom you know that pigs won’t be far behind. Growing up, raised by Nebraska 4-H’s Queen and King,she fell in love with the organization and has passed that down to my brothers and I. Her father, having a variety of operations, presented her with a chance to work on their feedlot growing up, show some awesome show horses, and be involved with showing livestock competitively. Her love for agriculture met her profession when  she traded out special education for a job at the local grain elevator. Though she was just  wanting to help out during the harvest season, her love for ag lead her to being the commodity trader for a feedlot and now a manager for a feed store. I have seen my mother put much time and money into spoiling my brothers and I with some awesome livestock, hotels for shows, and of course a fair amount of carnival food. I wouldn’t be as successful in FFA, 4-H or any other activities if it wasn’t for her support. Her ability to network with everyone in the industry shows me how important relationships are. I love sitting in the show barn doing nothing with her and aspire to be such as great of female agriculturalist as she is.

Dad:

The passing of my father last year has allowed me to learn so much about him in such a short time. Hearing stories about his success in high school and college rodeo inspires me to chase after my dreams. My father served as a regional director for both high school and college rodeo, which gives me a sense of where my strong leadership skills come from. Also the amount of support and friends he had, shows me that the all the relationships  built in the agriculture family are those of gold. 

Merritt:

My oldest brother is completely responsible for my future in agriculture. The year he left me to do my own chores had me worried, but being forced to be in the barn by myself made me realize his love spending time with his livestock. After chasing his dreams of judging livestock in college it has made me work hard to be more like him. From Casper College to South Dakota State, he has grown as an agriculturalist and man as he prepares to be in the workforce in agriculture. I can’t wait to see where this industry takes him.

Rhett:

Lastly my brother Rhett. Yep, you guessed it, Rhett is “that brother.” The one that is so close to home, but  we don’t ever see him because he is busy experiencing new things, but mostly you can’t get him out of the roping arena. Rhett has demonstrated the importance of finding your perfect place while at school where he has excelled in his rodeoing and academics. Rhett’s good work ethic, love for talking, and positive attitude will make him do great things while running the Keystone Cattle Company in the future. 

After thinking long  and hard about how the words “family ranches” are more appealing than operations it made me think about how my operation would differ if it weren’t for my family. Agriculture is one of the fastest advancing industries yet it sits strong on a foundation of tradition and family. The closeness of family operations prove to be than producing goods but instead making a living worth loving. The future of agriculture will continue to grow but the tradition of the family farms and ranches will stand strong for ever.

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