The Business of Agriculture Podcast

U.S. farm debt is projected to reach a record $625 billion in 2026. Farm interest expense is approaching $33 billion, and government payments are providing a significant share of net farm income. Is American agriculture beginning to look like it did before the 1980s Farm Crisis? Damian Mason compares the agricultural economy of 2026 with 1981, examining rising borrowing costs, inflation, energy pr...

America is losing farms at a rapid pace, but is Big Ag consolidation really to blame? Stephen Banks, founder of the Farm Security Initiative and a former construction-industry entrepreneur, traveled 10,000 miles across 19 states to investigate the economic pressures reshaping rural America. He came away convinced that American agriculture needs structural change, including limits on how much of th...

Is your farm actually profitable, or are paid-off assets hiding the true cost of doing business? Damian Mason continues his "Farmer Math" series with a new guest, Chris Barron, to break down three financial fundamentals every farm operator should understand: land, equipment, and return to management. A million dollars of paid-off equipment can still represent roughly $150,000 per year in economic...

Why does agriculture treat farmland and equipment differently than virtually every other business treats its assets? Illinois farmer and businessman Mark Severson joins Damian Mason to examine "farmer math" — the financial thinking that can distort how producers evaluate assets, capital, depreciation, opportunity cost, and return on investment. A paid-for tractor is not free to operate simply beca...

Beginning September 1 and continuing for 90 days, 300,000 metric tons of lean trim beef will be imported into the U.S. at zero tariff. The policy, recently announced by the Trump administration, is intended to tackle the "affordability" issue facing American consumers. Will it? International Ag consultant Todd Thurman joins Damian to discuss - and dismantle - this policy move. Is cheap food now an...

American agriculture is not simply working through another commodity cycle. It may be confronting a structural shift in how global agricultural markets, trade, technology, energy, and food demand function. Geopolitical analyst Jacob Shapiro joins Damian Mason to examine four forces that could reshape the future of U.S. agriculture: the erosion of unquestioned American global dominance, an energy t...

Is America really experiencing a K-shaped economy, or has the economic divide become more complicated? Kansas State University agricultural economist Dr. Brian Briggeman joins Damian Mason to explain why he believes the familiar K-shaped economy may have evolved into something closer to an "E-shaped economy," with three distinct tiers of consumer spending. With the top 10 percent of U.S. household...

Americans consume nearly twice as much honey as they did 30 years ago, yet U.S. beekeepers are facing one of the most challenging periods in the industry's history. Why is demand growing while domestic producers continue to struggle? Commercial beekeeper and American Beekeeping Federation Vice President Richard Coy joins Damian Mason to examine the economics behind the U.S. honey industry. They di...

California produces approximately 80 percent of the world's almonds, making it the global leader in almond production. The industry supports more than 110,000 jobs and contributes roughly $6 billion in annual exports, but profitability has become increasingly difficult. Oversupply, weak prices, international trade disputes, rising production expenses, water concerns, and California's regulatory en...

$2.6 billion. That's what U.S. cotton growers stand to lose this year according to USDA, the fifth straight year of red ink for the industry. The Great American Cotton Plan, announced in May 2026, aims to change the economics of American cotton. In short, we've lost acres, we've lost infrastructure, and the producers have lost money. Plains Cotton Growers CEO, Kody Bessent joins cotton farmers Tod...

Artificial intelligence is no longer a future concept for agriculture. It is already transforming how farms, agribusinesses, and agricultural professionals make decisions, manage risk, and compete in a rapidly changing global marketplace. In this episode, Damian Mason welcomes Aidan Connolly, author of The Future of Agriculture and one of the industry's most respected voices on innovation. Togethe...

Why do American farmers pay significantly more for seed and crop protection products than farmers in Brazil? A new study commissioned by the National Corn Growers Association finds that U.S. farmers face substantially higher crop input prices, with some products costing nearly twice as much as comparable inputs in Brazil. In this episode, Damian Mason speaks with NCGA Chief Economist Krista Swanso...

More than 200 million acres of the American South are covered in timber. The South produces one-third of America's lumber, with paper and cardboard as an important by-product. Bobby Dobson, timber investor and land broker, and Spencer Smith of Saunders Real Estate join Damian Mason to break down an industry that looks remarkably familiar to anyone who follows corn and soybean economics. Pulpwood p...

Could a new federal tax incentive reshape investment in rural America? Most agricultural producers, landowners, and agribusiness professionals have never heard of Rural Opportunity Zones, yet this new federal program could unlock billions of dollars in private investment for agriculture and rural communities. In this episode, Damian Mason sits down with Chris Rawley, CEO of Harvest Returns, to exp...

The U.S. butchers 600,000 head of cattle, 2.5 million hogs, and 185 million broilers every single week. Where all that product goes — and what it means for prices and profitability — is more complicated than most people realize. Michael DiSabato, animal protein analyst and founder of Highline Consulting Group, breaks down the economics, the numbers, and the outlook for beef, pork, and chicken in o...

A map went viral on X showing Iowa — one of America's most productive agricultural states — imports 90% of its food. Cue the outrage. Cue the gubernatorial candidates. Cue the narrative that our food system must be broken. But is it? Damian Mason brings back specialty crop grower Steve Strasheim to work through the real reasons big ag states don't feed themselves. Climate. Infrastructure. Economic...

Paul Ehrlich Is Dead. But the "Feed the World" Panic He Unleashed In 1968 Is Still Costing Agriculture. Stanford professor of biology Paul Ehrlich predicted mass starvation, water and food rationing in America and the disappearance of England as a country. His apocalyptic forecast for an overpopulated, food insecure world were laid out in his 1968 book "Population Bomb," then reiterated over 1,000...

Agriculture prides itself on resilience, innovation, and hard work. But is the industry as willing to accept feedback as it is to overcome adversity? In this episode of the Business of Agriculture, Damian Mason is joined by Zach Johnson, better known as the Millennial Farmer, for a candid discussion about feedback, accountability, and the blind spots that can limit both individual farms and the br...

Autonomous tractors and robotic farm machinery were supposed to transform American agriculture. So why has adoption been so slow? In this episode of The Business of Agriculture, Damian Mason speaks with Chad Fiechter, Assistant Professor of Agricultural Economics at Purdue University, about the economic realities slowing the rollout of autonomous farm equipment. Chad explains findings from his rec...

Is American Agriculture too dependent on corn and soybean production? Probably. But what is the reasonable alternative? Business of Agriculture host Damian Mason asks Illinois farmer / businessman Marc Severson and StoneX's Ryan Moe: Is meaningful US crop diversification actually feasible? The conversation digs into the real-world economics, government policy, and market forces that keep American...

Crop input costs are reaching record levels in 2026, putting added pressure on farm profitability and financial viability. In this episode of The Business of Agriculture, Damian Mason is joined by Brian Adams of Life Scientific to discuss how producers can evaluate seed, fungicides, crop protection products, and off-patent alternatives to reduce spending without compromising agronomic performance....

U.S. meat consumption is at a record high despite rising grocery prices, especially for beef. Meanwhile, plant-based meat alternatives continue losing consumer interest and market share. Why are consumers still choosing real meat? Is the demand driven by protein preferences, nutrition trends, the MAHA movement, or changing perceptions about processed foods? In this episode of The Business of Agric...

Bayer and Corteva control a major share of the seed industry, but independent seed companies still have opportunities to compete and win. Damian Mason talks with Bob Miller, founder of Miller Hybrids in Kalona, Iowa, about how small seed companies can succeed through strong genetics, farmer-focused service, competitive pricing, and a clear focus on return on investment. Bob, a PhD plant breeder an...

American agriculture is changing—quietly in some ways, dramatically in others. The question is not whether the industry will look different in ten years, but who will still be standing when it does. In this episode, Damian Mason sits down with Scott Sartor of Croptell to unpack the real forces shaping the future of farming in the United States. From generational land transitions and shifting acrea...

Is agriculture facing a cyclical downturn, or are we witnessing a structural realignment of the global ag economy? In this episode of The Business of Agriculture, Damian Mason speaks with Illinois farmer and business advisor Mark Severson to examine the forces reshaping U.S. agriculture. Key topics include global competition from Brazil, evolving demand from China, margin compression, rising input...