2017 Political Economy: Impact on agriculture PPT

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

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Ag Policy Solutions

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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…