U.S. Agriculture Secretary Ed Schafer discussed some of the big issues facing agriculture today and in the future during an address to agribusiness company executives meeting in St. Louis Thursday for the Association of Equipment Manufacturers AgExecutive Forum.
Two primary issues he addressed were trade and renewable energy, as well as the importance of the financial rescue plan passed by Congress last week, which he said was absolutely necessary although he expects it will take some time for it to work. “It’s sort of like reining in a team of runaway horses,” Schafer said. “You gotta really haul back on those reins hard for a long period of time before they start calming down.”
Schafer says the agriculture sector is in strong financial shape, with high commodity prices helping farmers to pay down debt and the competitive dollar boosting ag exports to record levels. “Despite increases we have seen in the cost of fuel and fertilizer and other inputs, we expect net farm income to post an all time high again this year at a little over $100 billion,” Schafer said.
Listen to Schafer’s address here:
aem-forum-schafer-speech.mp3
You can also download the 24:00 speech with this link: Ed Schafer speech to AEM AgExecutive Forum (mp3)
And you can also see the recorded video from the live webcast this morning here.
Check out the Flickr Photo Album from the AEM AgExecutive Forum here.

One of our field stops at the John Deere Drive Green event was focused on the
I hope you enjoyed Cindy’s live webcast this morning from the AEM AgExecutive Forum in St. Louis. I’ve held off some posts from my location for that. She’s got recordings of Sec. Schafer’s speech and the panel discussion that followed on AGCONNECT 2010.
Okay – here we are set up at the AEM AgExecutive Forum in St. Louis for a live webcast on Ustream – AgWired Live TV.
The host for the
At today’s John Deere product launch we went to classes on utility tractors. I think we had about 6 different stations where we could listen to presentations and then get to ride and drive on our own.
Tomorrow this room will be filled with executives from agricultural equipment companies and associated industries, here in St. Louis for the
AEM Vice President of Ag Services Charlie O’Brien says the purpose of the forum is to bring leaders in the industry together and provide them with the latest information about factors that are impacting the business. 
We’re getting ready to “Drive Green” here in Sarasota, FL. Dozens of media representatives are gathered here to ride and drive some new John Deere tractors. The company announced their new line of utility tractors in the 5 and 6 Series. I’ll have pictures and video after we go out there later today.