2017 political economy: impact on agriculture ppt
TRANSCRIPT
2017 Political Economy
Impact on Ag
Problems and Solutions
US & Intl Economic Situation
The Trump Effect
Future Growth
2.2%
6.5%1.5%
4.7%
4.0%9.8%
2.2%
2.1%1.1%
SOYBEANS -19.2%
WHEAT -25.6%
CORN -17.5%
USDX +26.3%
$11T<0%Quiz Time!
Summary of Fed policy
“There are limits to what monetary policy can and, indeed, should, do. The burden must also fall on fiscal and other policies to do their part to help create conditions conducive to economic
stability.”
SF Fed President John Williams
Policy solutions for growth
Free Trade=lower tariffs
Reg. Relief=reduced costs
Tax reform=capital formation w/incentives
Infrastructure=efficiency
Energy=low prices
US Department of Agriculture (USDA) likely nominee Sonny Perdue (5 under consideration)
US Treasury Secretary nominee Steve Mnuchin
US Commerce Secretary nominee Wilbur Ross
US Secretary of the Interior nominee Ryan Zinke
National Economic Council Director Gary Cohn
Federal Reserve Janet Yellen (term ends 2018)
Department of Labor nominee Andrew Puzder
US Trade Representative Robert Lighthizer
US Ambassador to China Terry Branstad
National Trade Council Director Peter Navarro
Department of Energy (DOE) nominee Rick Perry
Environmental Protection Agency (EPA) nominee Scott Pruitt
Regulatory Advisor Carl Icahn
Commodity Futures and Trading Commission (CFTC) Christopher Giancarlo
Trump econ & tax planCut Corp Tax to 15%
Limit Pass Thru 15%1x 10% Repat Tax
Ag TPP and NAFTAImpose tariffs on imported goods
Big Drop in Interest Deductibility
New $500B infrastructure
Full expensing!
100 day regulation plan
Cancel Paris Climate Agreement& TPP
& Climate Action Plan & WOTUS
& Overtime rule
Repeal and Replace: ACA
Dodd-FrankExecutive actions
Trump plans recap
Help: big tech & big pharma
Hurt: debt heavy balance sheets
Help: industrials & manufacturers
Hurt: free trade & immigration
Help: energy production
Help: Transportation/Engineering
Help: reduce regulations
Spending Speed Bump
Major Ag Issues
Farm Bill
Global Trade
Immigration
Regulations
Energy Security
TONIGHT SHOW POPULAR MATHEMATICS
WARM-UP
+ =
> <
Ag Policy Solutions
You are here
Future Growth Solutions
Agtech
Driverless equipment
Alt Energy
“…we have seen how the great acceleration is being driven forward by a powerful alliance between hardware and
software – between technology and ideology. Day by day, year by year, this
process is reaching further into our lives, as the billionaires and would-be billionaires
of Silicon Valley widen their ambitions. Space travel, education, energy,
agriculture, transportation – all these sectors and more are in their sights. In
their quest to disrupt the world, they and their cousins around the world are aided
and abetted by the availability of raw computing power on a scale unimaginable
a few decades ago.Robert Colvile in “The Great Acceleration: How the World is
Getting Faster, Faster”
(ASI), Autonomous Tractor Corporation,
CLAAS, CNH Industrial, GEA Group, Harvest
Automation, John Deere, Shibuya Seiki, Trimble Navigation,
Yamaha Motor Company, Yaskawa Electric Corporation
Big Data, Analytics, AI
Driverless Taxis and Trucks
Economic Hero or Goat?
Stored Sunlight
Storage is the Holy Grail
Source: GTM Research Energy Storage Monitor 2014
Your Future Hero?
“Robots may become evenmore personally prized than cars.”
Gill PrattCEO Toyota Research Institute
Final Thoughts…