Tommy Grisafi brings a wealth of commodity trading knowledge to this eye-opening discussion on agricultural markets, global economic trends, and the realities facing American farmers. As spring planting season approaches in the Midwest, Tommy offers a candid assessment of what producers can expect: "How are farmers going to make money this year? They may not."

The conversation explores how commodity markets are responding to major global forces. Gold has reached all-time highs while money flows out of American investments toward international markets. Cattle prices have surged to record levels due to reduced herd sizes – a direct consequence of rising interest rates forcing ranchers to sell animals to pay down operating loans that tripled in cost. Meanwhile, corn may offer modest profitability while soybeans struggle against South American competition and wheat prices collapse as the Russia-Ukraine conflict shows signs of potential resolution.

Tommy reveals where agricultural wealth truly accumulates – not necessarily in annual profits but in land values that have tripled over 15 years. "You may lose $100,000 farming in a year, but as long as land values stay high, which there's no sign of them necessarily falling apart, people are still tripping over themselves to buy land because they're not making any more of it." This long-term perspective explains farmers' resilience through difficult seasons. The episode concludes with a remarkable anecdote about a farm sale where $700,000 worth of stored corn was nearly overlooked – highlighting the "squirrel mentality" of saving that characterizes many successful agricultural operations. For anyone interested in markets, farming economics, or understanding where your food comes from, this conversation offers valuable insights beyond typical financial news.

Some highlights:

• Cattle prices have reached all-time highs due to reduced herd sizes, partly caused by higher interest rates forcing ranchers to sell animals to pay down debt
• Gold has hit all-time highs as investors diversify away from US markets, with money flowing to global assets and other markets like Germany
• Corn may offer some profitability this year, while soybeans face intense competition from South America and wheat prices have fallen as the Russia-Ukraine conflict shows signs of resolution
• Despite challenging commodity prices, farmland values have tripled over the past 15 years, creating substantial wealth for landowners
• The upcoming March 31st USDA planting intentions report will be crucial, with early indications suggesting farmers plan to plant substantial corn acreage
• Interest payments on US national debt now exceed the entire defense budget at approximately $1.1 trillion annually

Follow Tommy on social media and RFD TV as "Ag Bull" for market updates and analysis.

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may suit you, consult the appropriate qualified professional before deciding.