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USFR Weekly Recap - December 15-16, 2012

December 15, 2012

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2053

DECEMBER 15-16, 2012  

 

 

As always, we want to hear from you, send comments to mailbag@usfarmreport.com or leave us a voice mail at 800-792-4329.

 

JOHN’S OPEN:

Hello and welcome to U.S. Farm Report, I’m John Phipps. Well, fellow cliff-dwellers, don't look down. I’m starting to wonder if the austerity crisis has been a little oversold. Wall Street seems curiously calm, and I think those guys don't wait until the last minute to prepare defenses. Farmers are realizing we have much at stake in the negotiations. But that should also trigger a realization we are among the fabled "takers". You can't lose entitlements you don't get. In about a week, I expect more detailed information about what the world looks like over the cliff. But I suspect it will be less dramatic but every bit as painful as we have heard.

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