1
00:00:00,601 --> 00:00:01,101
So all told, what

2
00:00:01,168 --> 00:00:01,902
kind of headwinds

3
00:00:01,969 --> 00:00:03,337
are Wisconsin farmers

4
00:00:03,403 --> 00:00:04,738
facing right now?

5
00:00:04,805 --> 00:00:06,540
Well, just increasing costs

6
00:00:06,607 --> 00:00:08,175
fertilizer, feed

7
00:00:08,242 --> 00:00:08,842
all of those

8
00:00:08,909 --> 00:00:10,310
are increasing at a time

9
00:00:10,377 --> 00:00:12,045
when other than

10
00:00:12,379 --> 00:00:13,480
the price of fat cattle

11
00:00:13,547 --> 00:00:14,681
everything is down.

12
00:00:14,748 --> 00:00:15,415
Corn are down.

13
00:00:15,482 --> 00:00:16,783
Beans have been down.

14
00:00:16,850 --> 00:00:18,185
Milk is not good.

15
00:00:18,252 --> 00:00:19,553
So

16
00:00:19,620 --> 00:00:20,454
lots of headwinds

17
00:00:20,521 --> 00:00:21,355
out there.

18
00:00:21,421 --> 00:00:22,456
On the other hand

19
00:00:22,523 --> 00:00:23,290
farmers have faced

20
00:00:23,357 --> 00:00:24,591
this in the past

21
00:00:24,658 --> 00:00:26,460
and are resilient.

22
00:00:26,527 --> 00:00:27,794
How welcome is the news

23
00:00:27,861 --> 00:00:28,462
that China

24
00:00:28,529 --> 00:00:29,263
will start buying

25
00:00:29,329 --> 00:00:30,631
soybeans again?

26
00:00:30,697 --> 00:00:32,199
Oh, extremely welcome.

27
00:00:32,266 --> 00:00:33,500
I mean, a big deal

28
00:00:33,567 --> 00:00:34,735
not just in Wisconsin

29
00:00:34,801 --> 00:00:36,270
but across the nation

30
00:00:36,336 --> 00:00:37,538
to get China back.

31
00:00:37,604 --> 00:00:38,505
Maybe not this year

32
00:00:38,572 --> 00:00:39,106
but the next

33
00:00:39,173 --> 00:00:40,507
two years of buying

34
00:00:40,574 --> 00:00:41,041
what they have

35
00:00:41,108 --> 00:00:42,242
in the past

36
00:00:42,309 --> 00:00:43,510
is exceptional

37
00:00:43,577 --> 00:00:44,811
good news for soybean

38
00:00:44,878 --> 00:00:46,413
farmers and all farmers

39
00:00:46,480 --> 00:00:47,281
across the nation.

40
00:00:47,347 --> 00:00:48,248
Well, they're going to buy

41
00:00:48,315 --> 00:00:51,084
roughly 12 million metric tons

42
00:00:51,151 --> 00:00:52,920
this year, which isn't going

43
00:00:52,986 --> 00:00:54,087
to make up the whole difference.

44
00:00:54,154 --> 00:00:55,722
But at the end of day

45
00:00:55,789 --> 00:00:56,657
it's going to make

46
00:00:56,723 --> 00:00:57,925
a big difference

47
00:00:57,991 --> 00:00:59,660
and moving forward to ‘26

48
00:00:59,726 --> 00:01:00,928
and ‘27

49
00:01:00,994 --> 00:01:01,895
with that promise

50
00:01:01,962 --> 00:01:02,930
to buy back to the

51
00:01:02,996 --> 00:01:04,264
the same level

52
00:01:04,331 --> 00:01:05,999
that they had been

53
00:01:06,567 --> 00:01:07,467
is certainly going

54
00:01:07,534 --> 00:01:08,602
to help agriculture out

55
00:01:08,669 --> 00:01:10,571
in the long run here.