U.S. Farmers Are Exceptional

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Kokomo Tribune writer Josh Sigler provided a good investment piece about why farming is an excellent investment. I blog about farmers and farming because the lack of respect towards the industry by people is simply naive. Here’s a snippet of the article that should give the world pause in how exceptional farmers in the United States are:

In 1928, the world’s population was 1.2 billion people. The United States made up 10 percent of that population, and at the same time, provided 10 percent of the world’s agricultural output.

By 1968, the world’s population had ballooned to 3.5 billion. The U.S. made up 6 percent of the world’s population, but increased its agricultural output, providing 20 percent of the world’s crops, doubling the output in 40 years.

Those numbers continued along the same path, and by 2012, the world’s population rose to over 7 billion. The U.S. now makes up 3 percent of the world’s population, but in modern times, produces 30 percent of the world’s agricultural output.

The world has a long way to go in catching up to the United States.

H/T Indiana Economic Digest

1952 Presidential Executive Action

Currently I am reading the book, Obama’s Enforcer: Eric Holder’s Justice Department. Pretty good so far but stumbled upon some historical context of regulation and thoughts from Supreme Court Justice Robert Jackson.

The president’s authority to issue executive orders is strongest when he does so with the backing of Congress (category one), more dubious when he issues an order pertaining to a topic on which Congress has not passed a law (category two), and weakest when the executive order is “incompatible with congressional command” (category three).

President Obama recently said he is about to go “on his own” and Congressman Boehner is threatening litigation. Many in media defending Obama by saying Congress won’t work with him. Maybe reading the above should give you pause in wondering why they won’t and if the President needs to take a breather.