Latest / AG Bull / AG Squawk with Davis Michaelsen | Scott The Cow Guy

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AG Squawk with Davis Michaelsen | Scott The Cow Guy · AG Bull

0:11
SPEAKER_03: Boy, howdy, corn, beans, and wheat have got something going.
0:15
SPEAKER_03: It's been hard to get Tommy's attention this week because his phone keeps ringing.
0:20
SPEAKER_03: There's an awful lot of news in the air already, and it's only Tuesday, gang.
0:25
SPEAKER_03: Seems like a a pretty good time to sit down with a veteran broadcaster for a chat.
0:41
SPEAKER_03: From behind the big blue, bodacious microphone of Ag Bull in Kansas City, USA.
0:47
SPEAKER_03: Welcome to Ag Squawk in the afternoon Tuesday, August 25.
0:52
SPEAKER_03: Already, folks.
0:54
SPEAKER_03: We're cruising right along through the month of August, heading toward Harvest.
0:58
SPEAKER_03: Glad to have you along here today.
1:01
SPEAKER_03: It's the show that lets people talk, and we've got a professional talker up in the house today.
1:06
SPEAKER_03: Scott Shelody, the cow guy.
1:08
SPEAKER_03: Scott the cow guy, uh, will be my guest today.
1:11
SPEAKER_03: I have a lot of questions for the cow guy.
1:14
SPEAKER_03: And, you know, some may come out of left field.
1:16
SPEAKER_03: That's sort of what we do here.
1:18
SPEAKER_03: Really, I just kind of want to pick his brain a little bit about a number of different things, and not the least of which, and I'm sure you've heard very sad news just coming to light ahead of showtime here.
1:30
SPEAKER_03: This from NBC News, quote, Dolly Parton, who rose from a loving, if impoverished, upbringing in the mountains of East Tennessee to become the queen of country music, a Hollywood star, and a beloved American icon, has died.
1:43
SPEAKER_03: Her family announced just today.
1:45
SPEAKER_03: Parton was 80 years old.
1:47
SPEAKER_03: In a video, a spokesman said, quote, her daddy was a farmer, and just like he farmed the soil, she farmed songs and happiness.
1:57
SPEAKER_03: Nephew Brian Siever continued, quote, Dolly lived in the light and is in the arms of Jesus, surely met by her late husband Carl, her parents, and countless others.
2:07
SPEAKER_03: This quoted from NBC News.
2:10
SPEAKER_03: Rest in peace, Dolly Parton at age 80.
2:13
SPEAKER_03: We'll uh we'll talk a little more about Dolly.
2:17
SPEAKER_03: Scott's down in Nashville, and I don't know.
2:19
SPEAKER_03: Well, we'll we'll talk to him about it and see if he has has any thoughts for us.
2:23
SPEAKER_03: But let's get to the the other news of the day.
2:26
SPEAKER_03: By the way, the markets were were off and running today, unless you're you're a livestock person, and man, pressure continues in the livestock.
2:35
SPEAKER_03: To the good private exporters reported the sale of 132,000 metric tons of soybeans to unknown destinations for 26-27.
2:44
SPEAKER_03: The daily sales keep on a rolling.
2:47
SPEAKER_03: And let's get to the crop condition report.
2:49
SPEAKER_03: Corn rated good to excellent dipped three percentage points from last week to 57%, well behind last year's 71% good to excellent during the same week.
2:58
SPEAKER_03: Once again, corn good to excellent at 57% presently.
3:02
SPEAKER_03: Dough and dent are each above last year, although overall maturity is right in line with the same week last year.
3:10
SPEAKER_03: Soybeans conditions eroded less aggressively, with 60% now rated good to excellent maturity slightly ahead of year ago.
3:17
SPEAKER_03: And over to the wheat's spring wheat harvest clipping along at 62% done, although the crop's condition is beginning to slip a little.
3:26
SPEAKER_03: Winter wheat harvest is on the right is right on schedule, excuse me, at 96% complete, all but wrapped up on winter wheat harvest for this season.
3:36
SPEAKER_03: Let's talk about the tail of the tape.
3:38
SPEAKER_03: Corn moved higher in early trade.
3:40
SPEAKER_03: Soybeans came along for the ride.
3:42
SPEAKER_03: Chicago wheat posted fractional losses, with KC down a nickel at the start of trade, cattle futures lower this morning, feeders leading to clines, and lean hogs fell to the tune of about 40 cents.
3:53
SPEAKER_03: That right around the start of the session.
3:56
SPEAKER_03: Rounding into lunch, corn added gains, soybeans surged above a dime higher.
4:01
SPEAKER_03: Chicago wheat got the memo, gained around four cents, while KC wheat stuck with its earlier nickel gains.
4:07
SPEAKER_03: Cattle futures were off session lows but still carried a negative charge.
4:11
SPEAKER_03: Lean hogs still hanging around session lows at that time.
4:16
SPEAKER_03: Let me take this opportunity before we check the settlements to mention plus 500.
4:20
SPEAKER_03: We use plus 500 T4 software to keep us apprised of all the market moves in real time.
4:27
SPEAKER_03: Real time quotes plus the host of other dandy features that you just can't live without.
4:32
SPEAKER_03: Plus 500, that's plus 500.
4:35
SPEAKER_03: Over to December corn on my plus 500 screen at settlement 5.23 and 12 up 8 cents on the day.
4:44
SPEAKER_03: 8 cents was about uh about right across uh multiple contracts here.
4:49
SPEAKER_03: Over to the soybeans, your November contract up 13 and 1 half cents, 12.37 and three quarters, meal was higher, oil was higher.
4:58
SPEAKER_03: Over to the wheats, your December Chicago wheat at 7.03 and a quarter, up three and three quarter cents.
5:05
SPEAKER_03: Your KC December wheat 770 and three quarters at settlement up three and one half cents on the day.
5:13
SPEAKER_03: And then over to the livestocks, October feeder cattle down four dollars ninety-five cents, three thirteen thirty-two and a half.
5:20
SPEAKER_03: October fat cattle to 10.95 on the snout, down to 65 on the day.
5:27
SPEAKER_03: And December Lean Hog Futures down$1.12.5 at$70.35.
5:32
SPEAKER_03: The October contract ended the day at$80 to$80.45, down 67 and 1 half.
5:41
SPEAKER_03: All right, with all of that being said, it gives me great joy and uh great pleasure.
5:51
SPEAKER_03: Scott Chelity, veteran broadcaster, trader, man of mystery.
5:55
SPEAKER_03: Welcome to Ag Squawk in the afternoon, brother.
5:58
SPEAKER_03: I don't know if you and I have ever spoken face-to-face uh mono a mono before.
6:03
SPEAKER_03: It it's sure a treat to have you here on this Tuesday, buddy.
6:06
SPEAKER_03: How's everything going?
6:08
unknown: Good.
6:09
SPEAKER_00: Well, it's autumnal in a large part of the U.S.
6:12
SPEAKER_00: It's it's autumnal down here in Nashville, but it still happens to be 90 degrees.
6:16
SPEAKER_00: So maybe we'll break the back of it soon here.
6:19
SPEAKER_00: But yeah, great to have you on and great to be on, by the way.
6:21
SPEAKER_00: And you know, we have probably talked a couple of times over the last 15 years on another show that you were part of, so maybe we kind of cross paths that way, but never take you and I face to face.
6:32
SPEAKER_03: Yeah, yeah.
6:32
SPEAKER_03: And I'm anxious today to to kind of dig in because I know you have a real wide range of experience within agriculture and sort of auxiliary roles around agriculture.
6:47
SPEAKER_03: And I I really value your perspective and am looking forward to, you know, as I say, popping the top.
6:53
SPEAKER_03: And let's just uh let's stir around in there and see what see what rises to the surface.
6:57
SPEAKER_03: I hate to bring this up right at the top.
7:00
SPEAKER_03: Sad day, and I don't imagine you've been down to the honky tonks in Nashville today, but the mood must be must be somber.
7:08
SPEAKER_03: Sad news.
7:08
SPEAKER_03: The law we lost Dolly today, Scott.
7:10
SPEAKER_00: Yeah, she was a very great friend of RFTV.
7:13
SPEAKER_00: She was very good friends with the R our founder who passed away two years ago, Patrick Gotch.
7:19
SPEAKER_00: They got along very well.
7:20
SPEAKER_00: I had to meet Patrick about three years ago out at a at a private airport to take uh a show called the Porter Wagner Show.
7:28
SPEAKER_00: You're probably not old enough to recover that.
7:29
SPEAKER_00: Yeah, I've heard I've heard rumors about the show.
7:32
SPEAKER_00: Yes.
7:33
SPEAKER_00: That's where Dolly got her start, and uh Patrick gave her the rights to the show.
7:37
SPEAKER_00: We were airing it on RFT TV at the time, which leads into my next comment was we all know that song that she wrote sang I'll always love you.
7:47
SPEAKER_00: That was written by her and sung by her to Porter Wagner himself because she was leaving the show and wanted to credit him with her newfound stardom and her wings.
7:58
SPEAKER_00: So that was basically a goodbye song to Porter Wagner.
8:02
SPEAKER_00: Thank you again for what he did for her as she went off to bigger and better ventures.
8:06
SPEAKER_03: Yeah, yeah.
8:07
SPEAKER_03: Well, she will be missed.
8:08
SPEAKER_03: And coming up later on in the program, you know, I'm l let's you and me talk turkey.
8:13
SPEAKER_03: Let's not get too distracted here with our grief.
8:16
SPEAKER_03: But later on in the show, I'll I'll have some.
8:18
SPEAKER_03: I don't know, I would it trivializes it to say Dolly Parton trivia, but I've got a few uh little-known facts about Dolly that I'd love to share with uh with you and the audience a little bit later on.
8:29
SPEAKER_03: RFD TV, the uh cowguy closes.
8:33
SPEAKER_03: How's how's all that going for you?
8:36
SPEAKER_00: Oh, we got great readings, it's a great show.
8:38
SPEAKER_00: We're live coast to coast for an hour every day, Monday through Friday.
8:42
SPEAKER_00: And you know, it was something I've always wanted to do.
8:44
SPEAKER_00: I used to do what Tommy does every day, Tommy Gustave.
8:47
SPEAKER_00: He's also on the show.
8:48
SPEAKER_00: But I I had um a little kind of uh fly up on you know what?
8:53
SPEAKER_00: I I always wanted to kind of scratch an edge and maybe see if I could have my own show.
8:56
SPEAKER_00: I'd always done media.
8:58
SPEAKER_00: I was lucky enough to be on CNBC, Fox, CNN, all of them over probably a 30-year period.
9:04
SPEAKER_00: And I thought, man, if I'm ever gonna get the chance, I'm gonna take it now.
9:07
SPEAKER_00: And I kind of did uh for my own show right on the pandemic starting.
9:10
SPEAKER_00: RFT TV gave me a gave me a shot.
9:12
SPEAKER_00: I've been I've lived in London for 16 years when I got back is when I moved to Nashville to to get this gig going.
9:19
SPEAKER_00: And it's worked out.
9:21
SPEAKER_00: I'm very, very happy with what's uh we've got over 1200 shows in the can.
9:25
SPEAKER_00: That's a lot.
9:25
SPEAKER_00: Yeah, and we got a great group of people that come on the show because you know what?
9:29
SPEAKER_00: I sat in a green room with a lot of them.
9:31
SPEAKER_00: They're all really, really smart, they're the best analysts in the business, so I've got a personal relationship with a lot of them, and we've kind of really, really found our feet.
9:39
SPEAKER_00: So yeah, we anchor the day.
9:41
SPEAKER_00: It's I'm you know, I'm loving it.
9:42
SPEAKER_00: It's a lot of fun.
9:43
SPEAKER_00: It's you know what?
9:43
SPEAKER_00: The good thing is not a lot of homework, and it changes every day.
9:48
SPEAKER_03: Well, that's that's for sure.
9:50
SPEAKER_03: I've I've done a fair amount.
9:52
SPEAKER_03: See, most of most of my broadcasting career, I've had the veil of of radio.
9:59
SPEAKER_03: It was always live, and so I sort of understand the the slavishness to the clock and you know the idea that well, we will only have a certain amount of time to talk to you know such and such, and then we have to take a break, or we've we've got to do that.
10:12
SPEAKER_03: And then at some point they they put a camera in front of us and decided that that it was it was worthwhile to do radio in front of a camera, which I always thought was sort of strange.
10:23
SPEAKER_03: I get it now being on the other side of it, but Scott, I uh I spent all that time preaching I was the handsome newsman, and then they put a camera in front of me, and it was come up in time, brother.
10:32
SPEAKER_03: I I'm curious, what's the cow guy?
10:37
SPEAKER_03: You you typically wear your your characteristic pony skin jacket.
10:41
SPEAKER_03: Where did all that start?
10:44
SPEAKER_00: Well, my my dad graduated from Drake University in 1961, and he immediately got a job with Cargill out of uh uh Drake in Des Moines.
10:55
SPEAKER_00: I was born in Des Moines, my brother was born there too.
10:57
SPEAKER_00: If you go to Des Moines Methodists, there's a statue of me outside the uh neonatal unit, but other than that, um he uh he got a job with Cargill and he did very, very well at Cargill.
11:08
SPEAKER_00: They transferred us up to Lake Minnetonka in Minnesota, where he started to trade spreads and catch corn, and then they awarded him with the we they started uh an operation on the floor of the Chicago Board of Trade in 1970 when they sent him down there in 1970 to to start that operation up for him there.
11:24
SPEAKER_00: Uh, he ended up leaving in 1974 and to go on his own, but we were firmly planted in Chicago after that.
11:31
SPEAKER_00: Well, he always took his bonus from Cargill and/or any money he made when he went on his own to buy farmland, and he bought farmland in northwest Illinois and a place called Galena on the opposite side of the river from Dubuque, Iowa.
11:43
SPEAKER_03: Oh, I love Galena, yeah.
11:45
SPEAKER_00: Yeah, and we we bought a farm up there that he kept on adding to over the years.
11:49
SPEAKER_00: Unfortunately, but fortunately for him, but fortunately for farmers, when they were having a difficult time in the fields and there was some sort of famine, the Board of Trade was very, very busy and he did well down in Chicago, so he always had extra cash when a lot of people did it.
12:03
SPEAKER_00: So he started with 80 acres and it ended up being over 800.
12:07
SPEAKER_00: And and the rest is history.
12:09
SPEAKER_00: We we did corn and beans.
12:10
SPEAKER_00: I didn't live on it full time, but I was up there every waking moment of my life that you know that I wasn't in Chicago at school.
12:18
SPEAKER_00: And we had it for a very long time, 50 years.
12:21
SPEAKER_00: My parents passed away in the last uh eight 10 years, and none of us in the family could could hold on to it because I'm doing this.
12:29
SPEAKER_00: I got a sister that's uh doing something else with her husband, and life takes different turns.
12:34
SPEAKER_00: But I got a very good grounding of uh what happened actually happens on a farm, being in the combine on a tractor.
12:41
SPEAKER_00: And then at some point in time for I don't know why my my dad was just trying to get to heaven, but I was in high school when he decided it'd be a good idea to do 200 head of cattle twice a day for milking, so we had a dairy barn as well.
12:54
SPEAKER_00: So there was a point in time in the early 80s that my father wanted to advertise his hobby of the farms, and he he ended up buying five of them, they were all contiguous, so he knocked the fence down and one big farm, you know, 800 acres, and he uh wore a black and white hosting jacket.
13:13
SPEAKER_00: And so he was the original cow guy, but there wasn't really a lot of media at all.
13:17
SPEAKER_00: And about the time he retired, when I came back from London in 2001, 2002, well, you know, all the big uh hedge funds had really gotten into commodities, and with hedge funds and commodities come the media, right?
13:31
SPEAKER_00: And so CNBC, Fox, CNN, they all wanted to talk to this big guy wearing a black and white cow jacket in the middle of the corn pit.
13:39
SPEAKER_00: And so it was like I was an accidental commentator.
13:41
SPEAKER_00: I didn't mean to be, but all of a sudden, I mean, I had done a little bit of television work in London and and the likes, but yeah, all of a sudden it was poisoned upon me, and slowly but surely over a couple three years I got a little bit better at it, and the rest is history.
13:56
SPEAKER_03: Yeah.
13:57
SPEAKER_03: You said something that rings true in my own life because my dad was was a writer.
14:01
SPEAKER_03: He worked a nine to five job, but he also had a hobby.
14:05
SPEAKER_03: You mentioned 200 milk and cows was was his hobby, I think is the word that you used.
14:10
SPEAKER_03: We had 300 sheep, and that was my dad's hobby after the after the day job was done to manage all of that.
14:18
SPEAKER_03: That's that's no small feat, no small hobby.
14:22
SPEAKER_03: A lot of maintenance going on, especially if you're doing dairy.
14:27
SPEAKER_00: Yeah, you know, I it at the time it was it was not a lot of fun for my brother and I because my sister's a lot younger, so but my brother and I having helped my father do that, you know, he had to pull a calf every now and again in 40 below weather, you know, uh calling out the big animal.
14:44
SPEAKER_00: And they didn't have YouTube or or you know video back then, but my my dad is Dutch, and the Dutch typically, you know, we were taught that we were cheap, right?
14:51
SPEAKER_00: So my dad would have us stand over that big animal vent and basically ranked out everything he was doing so we didn't have to call him back again uh because we were gonna try to self-administer the drugs ourselves because it was just so expensive for the call-out fee.
15:03
SPEAKER_00: But yeah, I got I got both feet wet doing that, and then obviously with the coin beans, and there's a lot of people that talk about this stuff on air every day, and I'm sure you're what you're well aware that a lot of them have never actually been on a combine before.
15:15
SPEAKER_00: Yeah, and so it's just nice to have that grounding.
15:18
SPEAKER_00: But at the same time, Davis, I I got I went to London for 16 years and I couldn't I couldn't help but move into the bond markets and the equity markets for stocks.
15:28
SPEAKER_00: And so, you know, the three things that we can trade in this world, I've I've had a ton of experience in all three.
15:33
SPEAKER_00: I started off in the commodity sector, and then I've obviously been graduated to, not graduated to, but also did bonds, which is anything interest rate involved, right?
15:42
SPEAKER_00: Like short-term euro dollars and and and currencies and all that, and then as well as stocks.
15:47
SPEAKER_00: So on the three silos I've got covered, and and you know, every big bank that you go to, I will say this every big bank, I worked at Deutsche Bank, we had 900,000, no, 90,000 employees across the world.
16:00
unknown: Wow.
16:00
SPEAKER_00: I worked at Industrial Bank of Japan, which is Namizuho at the time.
16:03
SPEAKER_00: We had 90,000 employees, and those were both in London.
16:06
SPEAKER_00: And we would have these big trading rooms like you would see on Wall Street, where it literally was the size of a of a football field in a in a in a building where they there are very few posts.
16:17
SPEAKER_00: I don't know how they did it, but they were able to hold things up so pipelines weren't disruptive.
16:22
SPEAKER_00: But you had an equity desk, right?
16:23
SPEAKER_00: And the equity desk was the high flyers, the big traders, the the big brokers per se.
16:28
SPEAKER_00: And they had a budget, and if they hit that budget, you know, they got the big, big bonuses.
16:32
SPEAKER_00: And I'm talking bonuses of two or three million dollars, five million dollars on a really great year.
16:37
SPEAKER_00: Because that was the sexy market to be in.
16:39
SPEAKER_00: And you know what?
16:40
SPEAKER_00: Everybody's got a 401k.
16:41
SPEAKER_00: There was just so much more volume, and actually the the ability to make more money was always going to be in the equity market.
16:47
SPEAKER_00: Then the next step down would have been bonds, not as hot, not as sexy, not as well understood, but the bond desk also had the ability to do very well.
16:55
SPEAKER_00: But their bonuses were typically speaking about half of what the equity desk was or were.
17:01
SPEAKER_00: And then you had the commodity desk, right?
17:04
SPEAKER_00: And here's where it kind of all falls out of bed.
17:06
SPEAKER_00: You know, everybody, everything that the commodity guys have to worry about, the you know, they worry about what the bond and equity guys had to worry about.
17:13
SPEAKER_00: You know, some political leader assassination, a big change in monetary, you know, government movements, whatever.
17:20
SPEAKER_00: But the one thing that the bond and equity guys never had to take you know worry about or take stock in was Mother Nature.
17:28
SPEAKER_00: So here's the crime of the century, and it still is to this day.
17:32
SPEAKER_00: Anybody that wants to call me out on it, but the best traders in the bank were the commodity guys because they had to trade with Mother Nature in mind all the time.
17:42
SPEAKER_00: The other two groups, didn't you know those two other stylists didn't have to worry about Mother Nature.
17:46
SPEAKER_00: And you know what?
17:47
SPEAKER_00: They were also the worst paid because they were so small, the volumes weren't as big.
17:51
SPEAKER_00: You know, look, you know, Apple has enough cash in their bank account right now to buy the you know December corn crap, right?
17:57
SPEAKER_00: So the best traders were the worst compensated, which I always thought was a crime.
18:02
SPEAKER_00: So that's the world I grew up in.
18:04
SPEAKER_00: Uh, I know all three of them very well.
18:06
SPEAKER_00: Um, I ran the Japanese bank in London, it was it was called the Dustrial Bank of Japan at the time.
18:11
SPEAKER_00: So I'm pretty familiar with it all.
18:12
SPEAKER_00: And it's just giving me a really good idea about you know, when my dad started trading the cargo, you could afford to be a corn specialist.
18:21
SPEAKER_00: And then you kind of got to keep an eye on beans too, and maybe even wheat, right?
18:25
SPEAKER_00: So as he went through his career, he couldn't just be corn specialist, he had to know a little bit about beans and wheat.
18:31
SPEAKER_00: I mean, that was crazy to think back like that back then.
18:34
SPEAKER_00: But now with the way money moves around, you can't afford to be a commodity specialist without knowing what's going on in bonds and with interest rates and what's going on with the equities because the capital flows are so big, you could be dead right with your commodity position because you weren't paying attention to what was going on with equities.
18:52
SPEAKER_03: Yeah, yeah.
18:54
SPEAKER_03: It you know, and just just a quick thought because I want to I want to keep you going here, but uh, I didn't know you were you were an Iowa boy born in Des Moines between you and me and Jesse Allen, we are a three-pronged trident of ag information, aren't we?
19:11
SPEAKER_03: It takes an Iowa boy to do it.
19:12
SPEAKER_03: I'm absolutely convinced of that.
19:13
SPEAKER_03: I'm I'm from a small town called Dyke, right right up near Cedar Falls, Waterloo, sort of area, born and raised.
19:19
SPEAKER_03: And yeah, it takes sometimes it takes an Iowa boy to do it.
19:23
SPEAKER_03: You being over there overseas trading in the markets, I want to I want to get there, but I know I can see Tommy Grassoffi standing and applauding that that you're even mentioning bonds.
19:36
SPEAKER_03: There's been some fireworks in the bond market lately, hasn't there?
19:41
SPEAKER_00: Yeah, you know, we've got we've got a problem in this country because we spent too much money, and that's a problem in some lot of people's households, too.
19:48
SPEAKER_00: We're out over our schedule to what we spend.
19:50
SPEAKER_00: We went through the$40 trillion mark as far as the national debt last Wednesday.
19:55
SPEAKER_00: You know, it's a little bit headlined ish, right?
19:58
SPEAKER_00: There's a lot of people running around with their hair on fire, talking about the doom and gloom crisis scenarios, beating their chests about what we need to do and what we're gonna have to happen, see happen.
20:07
SPEAKER_00: But you know what?
20:08
SPEAKER_00: They weren't doing any of that a month ago when we were 39.8 trillion in debt, right?
20:12
SPEAKER_00: So there's a little, a little bit of the hand wringing with a$40 trillion number, right?
20:17
SPEAKER_00: That's getting a lot of a lot of airplay, like$10,000 in the Dow did or$20,000 in the DAO or$50,000 in the DAO.
20:23
SPEAKER_00: So that's caused bond yields to go up a little bit too because everybody knows the government's gonna have to be borrowing more money, and we might be less of a good bet or more of a risk.
20:34
SPEAKER_00: So bond purchasers are gonna demand a little bit more in return for the money they're lending us.
20:40
SPEAKER_00: So that's all working against us and when it comes to what we have to pay to borrow money to run our government.
20:46
SPEAKER_00: And we we borrow, well, we we take in about$5.3 trillion a year in tax money, but we spend about$7.2 trillion.
20:53
SPEAKER_00: So we're about$1.9 to$2 trillion deficit every single year.
20:57
SPEAKER_00: So if we don't do a darn thing about it between now and next year, this time, we're gonna be$42 trillion in the hole.
21:04
SPEAKER_00: So there's there's something that has to happen for sure, and we need to get on top of the spending a little bit.
21:10
SPEAKER_00: We we could talk about growing our way out of this.
21:13
SPEAKER_00: Our economy's doing very well, very well.
21:15
SPEAKER_00: It doesn't get the uh the attention it needs, but you don't want to try to take care of the debt and then hurt the golden goose that's growing so well that you that you want to use to get out of the debt, right?
21:24
SPEAKER_00: So there's a balance there where they have to trim a little bit here, keep goose in the golden goose to try to continue to grow our way out of it, and then maybe get a handle on wage, fraud, and abuse at the same time, and then we can start to see things improve.
21:38
SPEAKER_00: Senator Rand Paul from Kentucky, he's got a plan to just spend six percent less on an annual basis, and in 10 years' time, we'll take care of the debt.
21:46
SPEAKER_00: That sounds pretty simple, it's right.
21:48
SPEAKER_00: So there's gonna be more and more of that, which is gonna take a little bit of the pressure off.
21:52
SPEAKER_00: But right now, the treasury sector has got best and felt the need to get involved.
21:56
SPEAKER_00: It might be a little bit premature because one number one, I think this$48 trillion hair on fire issue slows slowly but surely goes into the background over the next two or three weeks.
22:07
SPEAKER_00: People will get bored with it.
22:08
SPEAKER_00: Uh but number two, the real re another reason that we're worried about higher yields is because of this inflationary pressure some high oil prices.
22:14
SPEAKER_00: And that too at some point in time will end.
22:17
SPEAKER_00: We'll see oil back down in the 60s, maybe in the 50s.
22:21
SPEAKER_00: And so that'll help the Treasury sector sector there as well.
22:24
SPEAKER_00: So maybe he didn't have enough patience.
22:27
SPEAKER_00: Maybe he just wanted to send a message.
22:28
SPEAKER_00: But in the end, I think it'll be okay.
22:30
SPEAKER_00: But we definitely, definitely have to get a handle on our spending.
22:34
SPEAKER_03: I like that you're talking about, and see, I feel like this is the sign of a seasoned market watcher, is when you talk about, okay, 39 was fine.
22:45
SPEAKER_03: Now we had 40.
22:46
SPEAKER_03: Everybody's hair is on fire.
22:48
SPEAKER_03: I feel like that's a psychology issue.
22:50
SPEAKER_03: And when, you know, and then you talk about, well, we get to 42.
22:54
SPEAKER_03: Talk about not sexy.
22:55
SPEAKER_03: 42 has got to be one of the unsexier numbers.
22:58
SPEAKER_03: What's the next hair on fire number in this market?
23:02
SPEAKER_00: Probably 5% yield in the 10 year.
23:04
SPEAKER_00: If we get up there, we're close.
23:05
SPEAKER_00: You know, we got up to 475 and change.
23:07
SPEAKER_00: Uh we're back down below 470 right now.
23:09
SPEAKER_00: But I think that's the next also.
23:11
SPEAKER_00: So we have had a good economy at that level before.
23:14
SPEAKER_00: In the 90s, we were at 5% for a large part of the 90s.
23:17
SPEAKER_00: The difference between then and now is we're borrowing four and a half times as much money.
23:21
SPEAKER_00: So four and a half times more money at 5% starts to feel a little bit more uncomfortable than it did back in the mid-90s.
23:28
SPEAKER_00: So I think that's the next number people will be looking at if we get up there.
23:31
SPEAKER_00: Hopefully we don't.
23:33
SPEAKER_00: But if we do, it'll only be temporary, folks.
23:35
SPEAKER_00: We're going to see this oil price come down because we will, at some point in time, I don't know how long this piece of screen is, but at some point in time we're going to put to bed this Iran issue and we'll get back to business here.
23:47
SPEAKER_00: But right now, it's what we're having to deal with in the short term.
23:49
SPEAKER_00: And the problem is both Scott Besson and Kevin Horse, the Fed, the chairman of the Fed, they're trying to manage long-term monetary policy off the short-term movements in our markets, and that's really hard.
24:01
SPEAKER_00: Yeah, yeah.
24:02
SPEAKER_03: Boy, you are leading me to water here, brother, because I did want to get your thoughts.
24:06
SPEAKER_03: And here's the thing I'm gonna I'm gonna sort of take you in some wide loops, Scott.
24:11
SPEAKER_03: Uh and I I appreciate you you being willing to follow me here.
24:15
SPEAKER_03: But if there's if I ask you something and you just either don't want to talk about it or you don't feel like you're up to speed as much as you'd like to be to discuss it, the uh the code word will be bourbon.
24:28
SPEAKER_03: Okay?
24:28
SPEAKER_03: So just say bourbon, and we'll talk about something else.
24:32
SPEAKER_03: Because there's I mean, we're chock full of nuts here.
24:34
SPEAKER_03: This there's an awful lot of stuff to talk about.
24:36
SPEAKER_03: But this Iran situation, you know, I looked at the I looked at uh Secretary Besson's talk about the the new plan, the economic D-Day.
24:47
SPEAKER_03: Apparently E D Day doesn't really uh carry the the masculinity that the administration would like it to, and I I guess I kind of get that.
24:56
SPEAKER_03: But I kind of I understand the approach, and I feel like it's a gentler approach than maybe we've seen from Mr.
25:03
SPEAKER_03: Trump himself, almost like maybe it wasn't the president's idea.
25:06
SPEAKER_03: I think Bessant might be onto something here in that we're we're not gonna say China, we're not gonna go after the state refiners, we're going to make phone calls, I believe is is how he said it, and just kind of try and take out some of these little middlemen and convince them not to be reselling Iranian oil over to China.
25:29
SPEAKER_03: I wonder if you have any thoughts on this approach to to cramping Iran's style to the point of surrender.
25:36
SPEAKER_00: Well, yeah, of course I do.
25:38
SPEAKER_00: I mean, look, uh Bess and the president per se, I think they learned that trying to get rid of this Iranian threat the Tibet way or with bombs and and drones, yeah.
25:48
SPEAKER_00: It's kind of like playing whack-a-mole.
25:50
SPEAKER_00: They're they're popping up everywhere else.
25:51
SPEAKER_00: I mean, it's it's like trying to kill cockroaches, right?
25:54
SPEAKER_00: So that hasn't really been as efficient.
25:57
SPEAKER_00: We have decimated a lot of what they have, but we we're learning they hate us more than anything else.
26:02
SPEAKER_00: And they'll they're they're gonna make sure that they can at least strike fear uh in some of those ships going through the straits or strike fear in some of their neighbors enough that they they'll still have a lifeline.
26:14
SPEAKER_00: And they also know they're not stupid.
26:16
SPEAKER_00: We have the the midterms coming up in 70 days from now, right?
26:19
SPEAKER_00: So that's an issue, and I think that they've kind of maybe taken their foot off the gas there and decided instead of trying to play whack-a-mole, we're just gonna have to starve them out.
26:28
SPEAKER_00: And that's a good plan.
26:30
SPEAKER_00: I think that that's been doing some horrible economic damage.
26:34
SPEAKER_00: Their currency has been decimated internationally, and inflation is running at 2,000 percent in that country right now.
26:41
SPEAKER_00: But here's the problem with that.
26:43
SPEAKER_00: The problem with that is that that means that they're going we're going to have to have an uncomfortable chat with China about helping Iran when China's supposed to be buying our beans or whatever else they may be buying.
26:55
SPEAKER_00: So that is gonna be another tide route that they need to walk about how and if China's been helping, and I'm sure they've been helping Iran, and how we handle them helping Iran at the same time, make sure that they live up to the purchases that they that they're gonna be doing with our commodities.
27:11
SPEAKER_00: So that's gonna be the next sticky issue.
27:16
SPEAKER_03: Uh yeah, yeah.
27:18
SPEAKER_03: President Trump has talked about the need to eliminate the Iran's nuclear capabilities or nuclear potential.
27:26
SPEAKER_03: Uh I I view the conflict with Iran and their response at least.
27:31
SPEAKER_03: I think from their side, they're looking at this as a holy war.
27:36
SPEAKER_03: Uh I wonder if if you would agree with that assessment, and if that's the case, can you win a holy war with with economics?
27:45
SPEAKER_00: Well, I mean, if there's nothing, if there's no, yeah, you can.
27:48
SPEAKER_00: You can starve them on.
27:49
SPEAKER_00: I mean, that probably ultimately has a better effect, but it takes longer than it does kinetic war with bombs and drones.
27:54
SPEAKER_02: Uh-huh.
27:54
SPEAKER_00: Um, but but he's having to play that against telling everybody about this is going to be a short war, the you know uh higher oil prices for longer doesn't sell very well October or November the 5th in the in the midterm.
28:07
SPEAKER_00: So I think he's finally said, you know what, I'm gonna have to take my lumps.
28:10
SPEAKER_00: We're gonna have to starve them out.
28:12
SPEAKER_00: We're we're it's not working, bombing all these little spots all the time because they keep popping up.
28:17
SPEAKER_00: But if we can keep them from having any other money or having any any any energy or any food, that should slowly but surely really start to bite.
28:24
SPEAKER_00: And once it starts to bite, it bites fast, but it takes a while to get there.
28:27
SPEAKER_00: So I think it's probably it probably wouldn't have been a better, obviously have been a better idea to do it sooner, but this is where we're at.
28:33
SPEAKER_00: And I, you know, here's what I say to everybody.
28:36
SPEAKER_00: Clearly, I lean to the right, and I'm not I'm unapologetically that way.
28:40
SPEAKER_00: Yeah, but you know, in October of 2022, or not in June of 2022, we had a CPI, an inflation rate of 9.1%, Davis.
28:48
SPEAKER_00: 9.1%.
28:49
SPEAKER_00: We're around three and a three and a quarter, three and a half right now.
28:53
SPEAKER_00: So it was roughly three times higher than what we're looking at right now.
28:57
SPEAKER_00: And what did we get for having a 9.1% CPI in 2022 at this time, you know, last summer?
29:02
SPEAKER_00: We got absolutely nothing.
29:03
SPEAKER_00: It was just for bad monetary policy of pouring so much money in to the economy to help people get over COVID.
29:09
SPEAKER_00: Okay.
29:10
SPEAKER_00: So that was that lit the that lit the economy on fire, and we're still having repercussions from it in the housing market because of that, right?
29:18
SPEAKER_00: And there's been a lot of bad things that that CPI number of 9.1% in 2022 did to this economy that we're still trying to work through.
29:25
SPEAKER_00: Now we have a three point, say, let's take 3.5% CPI.
29:30
SPEAKER_00: It's I think it's 3.4%, 3.4% CPI, and and and ideally we're we're getting something for it, which is we're getting rid of a state-sponsored terror off the map, and they can't have nuclear weapons.
29:43
SPEAKER_00: So there's there's a we're paying a price, but we're getting something for that payment.
29:47
SPEAKER_00: Where in 2022 we had to pay, but we got nothing in return except for higher gas prices and higher grocery prices for nothing.
29:57
SPEAKER_00: And so that would be the message that I would put out if I was a Republican.
30:01
SPEAKER_00: They're not really getting that message out.
30:02
SPEAKER_00: That's their fault.
30:03
SPEAKER_00: But we we're actually going through this for a reason.
30:06
SPEAKER_00: Now, the president tried to say it the other day you're having to pay a little bit more for your gas, but there's going to be something at the end of it for everybody and make a safer world.
30:14
SPEAKER_00: Yeah, that's true, but they shouldn't be going on that big time right now, and they're not.
30:18
unknown: Yeah.
30:19
SPEAKER_03: And I agree with with you on that absolutely as well.
30:23
SPEAKER_03: That this is a necessary thing that has needed to be done for quite some time.
30:27
SPEAKER_03: 1979, I believe, is when the regime itself took over.
30:32
SPEAKER_00: You know, the the small town of 450, right around the corner from our farm in northwest Illinois, it's a small town called Scales Mound, right?
30:40
SPEAKER_00: Um, it's outside of Galena, about 15 miles, and it's really closer to our farm than Galena was.
30:46
SPEAKER_00: But in that village, in that 450 person town, they actually had one of the hostages from that Iran hostage crisis there.
30:52
SPEAKER_03: Is that right?
30:53
SPEAKER_03: Yeah.
30:55
SPEAKER_03: I remember was it was there a Catherine Coobe that was.
31:00
SPEAKER_00: I don't know the names, but I just know that I think there was one from one of the hostages from the little small town by our farm.
31:07
SPEAKER_03: Man, that was a that was a big deal.
31:08
SPEAKER_03: It's probably before your time.
31:10
SPEAKER_03: I'm sure you you read about it in a history book, so you probably studied very studiously in history classes.
31:14
SPEAKER_03: Thank you very much.
31:15
SPEAKER_03: Learned about it.
31:16
SPEAKER_03: Yes, thank you.
31:17
SPEAKER_03: Well done.
31:18
SPEAKER_03: Well, and I don't know, I have I have a sense of disdain for politics just in general.
31:27
SPEAKER_03: I believe in respecting our leaders, whoever they may be, no matter how much you may agree or disagree with them.
31:35
SPEAKER_03: Having said all that, I'm gonna open this can of worms.
31:39
SPEAKER_03: Scott, uh I I feel like we're too close to the midterms to be doing things like what is going on with cattle, with what is going on with this Canada thing here.
31:50
SPEAKER_03: I have the sense that most presidents might have waited till after the midterms before I said it yesterday, before we stick a thumb in the eye of of Canada again.
32:00
SPEAKER_03: And I I guess this is a roundabout way of asking you if you have a sense for sentiments out in farm country.
32:07
SPEAKER_03: You remember when the tariff strategy first came out uh at the at the early part of the president's second term, and the question to farmers was how long are you willing to to you know put up with maybe lower prices as we hold out on China and try to get this tariff thing worked out?
32:24
SPEAKER_03: And you know, the thought was, well, we don't we wouldn't mind a sprained ankle if it's going to move us forward, just don't break our legs in the meantime.
32:32
SPEAKER_03: And it feels like we're almost at at leg break in time here.
32:36
SPEAKER_03: And I and I can understand why why ranchers in particular right now might be a little confused, maybe is is a is a mild way to put it.
32:46
SPEAKER_03: What is what is your sense on the sentiments?
32:49
SPEAKER_00: Yeah, I think I think that is mild.
32:51
SPEAKER_00: I think they're upset.
32:52
SPEAKER_00: You know, the president's house effect, he's got a great relationship with our ranchers and our farmers.
32:58
SPEAKER_00: But he also has a responsibility to the country about trying to get prices down.
33:02
SPEAKER_00: I know it's an issue.
33:03
SPEAKER_00: Uh, there is no easy answer.
33:04
SPEAKER_00: Whatever he does, he's gonna be he's gonna take grief for.
33:07
SPEAKER_00: So there is not gonna be he he's not he's not foregoing an easy answer to try to make enemies.
33:13
SPEAKER_00: Yeah, maybe this was the best of the worst decisions he could take.
33:17
SPEAKER_00: But I think that that might be he might be looking at the numbers and say there's only so many ranchers in the world versus or in the country versus there's so many voters.
33:25
SPEAKER_00: That might have been come up, I'm sure.
33:27
SPEAKER_00: So yeah, I know I know that the ranchers are not happy with my my my my inbox on my on my social media has gotten hammered with uh with people that are upset.
33:36
SPEAKER_00: No, no, I understand that.
33:37
SPEAKER_00: I get it.
33:37
SPEAKER_00: I mean I totally get that.
33:40
SPEAKER_00: So when it comes to Canada, you know, I have a lot to say about tariffs in general.
33:47
SPEAKER_00: And because I lived abroad, I've got a bridge passport, I lived over there that long, I saw firsthand how much we get ripped off, right?
33:55
SPEAKER_00: Yeah, um, and because I worked for a Japanese bank for about a three-year period, uh, three or four weeks a quarter, I spent in Tokyo.
34:03
SPEAKER_00: And I knew how much the Chinese were ripping off our intellectual property.
34:08
SPEAKER_00: I knew, you know, so you kind of travel around, and if you see the the world from the outside looking in, at least the US from the outside looking in, you kind of get upset and angry that they're ripping us off by charging so much more for a bottle of Jack Daniels.
34:21
SPEAKER_00: Not that, you know, that's my choice, but you can see in gouging the US with with tariffs, A, to protect our own distillers and whomever they may be, or dairy people, or whatever.
34:32
SPEAKER_00: But and and B, they they they you know they really ramp up our prices, and I I don't like tariffs, but if you're gonna tariff me, I'm gonna tariff you.
34:44
SPEAKER_00: I don't think the president's punitively tariffing anybody.
34:47
SPEAKER_00: He'll only match what you're what you're tariffing for on your side, and he would prefer having zero tariffs at all whatsoever.
34:54
SPEAKER_00: But the smaller countries will always be worried that our business will dwarf theirs and run them out of business, and I understand that too a little bit.
35:02
SPEAKER_00: But at the end of the day, we're not trying to punish anybody, we're just trying to make it fair.
35:06
SPEAKER_00: Let us compete on a fair playing ground.
35:08
SPEAKER_00: And I think that that's ultimately his goal.
35:11
SPEAKER_00: But when I hear people say, I don't want, I don't like what it's doing to our relationship, or I don't like what it's doing to the markets, uh, look what it's doing to your prices.
35:19
SPEAKER_00: Well, then you're advocating for going back to a point where the US is getting ripped off.
35:24
SPEAKER_00: I mean, I don't understand that point of view either.
35:26
SPEAKER_02: Yeah.
35:27
SPEAKER_00: I mean, what are you gonna do?
35:28
SPEAKER_00: I mean, we're gonna work you you want to go back to you want to tell China go ahead and take all of our intellectual property rights to the tune of$500 or$750 billion a year because we don't want to upset our markets when we tell you that we're gonna charge you a tariff on stuff.
35:42
SPEAKER_00: I mean, at some point in time, you gotta take the band-aid off.
35:45
SPEAKER_00: And I don't think any other president would have the ponies to do that, but I but I do know it's gonna hurt, and then nothing's perfect.
35:51
SPEAKER_00: He does some stuff that I don't like, but generally speaking, the report card is he's he's on it, he's trying to work behalf on behalf of um Americans.
36:00
SPEAKER_00: And yeah, he got voted in, I gotta let him have a shot at it.
36:03
SPEAKER_03: Yeah, yeah.
36:05
SPEAKER_03: Wees Meyer talks about the president's focus being pretty solidly and squarely on the consumer.
36:15
SPEAKER_03: As much as he can, I think that he likes to to help out the groups that got him where he is.
36:21
SPEAKER_03: Of course, he likes to do good things for for farm country, but I think at the same time, he also has a sense that, well, what's good for the consumer is good for everybody, and maybe that's part of part of the basis for some of these strategies that he's put forward.
36:35
SPEAKER_03: What do you think?
36:37
SPEAKER_00: I well, I absolutely would sign up for that.
36:39
SPEAKER_00: I I totally agree.
36:40
SPEAKER_00: And but I, you know, the but that this is a consumer nation.
36:43
SPEAKER_00: So whatever's good for the consumer is good for the nation.
36:46
SPEAKER_00: And you know, for the first time in a long time, I feel like we put America first.
36:51
SPEAKER_00: For too long, Davis.
36:53
SPEAKER_00: I feel like our leaders were apologizing on a international stage for America.
36:58
SPEAKER_00: And I just did not sit well with me.
37:00
SPEAKER_00: We've got, and I and I tell you, another thing about living outside the country for 16 years is I can see how great America is, where I think a lot of people within America that have never seen another country knows that say they want to leave America because they can't stand it.
37:17
SPEAKER_00: News flash, there's nowhere else to go.
37:19
SPEAKER_00: This is the best place on earth.
37:21
SPEAKER_00: And so I have a I have a very big place in my heart for this country because I know how fantastic it is.
37:28
SPEAKER_00: And people copy us all over the world, they want to be us.
37:32
SPEAKER_00: You know, you can go to you can go to Venice Italy and see a guy wearing a Yankees hat on a gondola, you can go to Tokyo and see somebody wearing a Michael Jordan jersey.
37:41
SPEAKER_00: I mean, there's so much of that.
37:43
SPEAKER_00: It's it's it's you know makes you proud to be an American.
37:46
SPEAKER_00: And yeah, and uh I don't think there's we we stoke enough of that in this country.
37:49
SPEAKER_00: Everybody's always wanting to tear it down.
37:51
SPEAKER_00: And let me just tell you, you don't tear down the best thing ever.
37:54
SPEAKER_00: You can you can you can make improvements on the margins, but you don't tear down the best thing ever.
38:01
SPEAKER_00: And we have the best thing ever, and I and I just am disappointed that some people don't see that, but I also have the hindsight of living outside my country for 16 years and seeing how other people write about it, how they feel about it, what they talk about.
38:13
SPEAKER_00: And it's it's a pretty darn good place to be.
38:15
SPEAKER_03: Yeah, absolutely.
38:17
SPEAKER_03: Amen.
38:17
SPEAKER_03: Well said, well said.
38:19
SPEAKER_03: Talk to me about living outside the United States.
38:22
SPEAKER_03: Obviously, it gave you a fresh perspective on on how good we do have it.
38:27
SPEAKER_03: And I think about the World Cup being here.
38:29
SPEAKER_03: It was a it was a whole big stink here leading up to it in Kansas City that all the businesses were getting ready and you know the street sweepers were out twice a week instead of just once or whatever it was, you know.
38:40
SPEAKER_03: And then the people got here, and on YouTube the videos started showing up from people who don't live here but who traveled here to see the World Cup saying, This is nothing like what I've been told.
38:52
SPEAKER_03: It's great here, everyone is nice.
38:54
SPEAKER_03: Just the fact that there's air conditioning in in public buildings.
38:59
SPEAKER_03: Then the well, then of course they're talking about the barbecue and the food, and yeah, people really don't understand you you don't appreciate what you've got until you leave it.
39:09
SPEAKER_03: That's the I don't know if that's an old country song or what it is, maybe just an old axiom, but you've lived it, Scott.
39:15
SPEAKER_03: What's it what's it like to be a professional financiologist across the pond?
39:22
SPEAKER_03: What was that like?
39:23
SPEAKER_00: Yeah, it was I mean, I love travel and I love history, so literally that played right into my hobbies, right?
39:29
SPEAKER_00: So I love and I love um World War II.
39:32
SPEAKER_00: Uh I'm so I'm immersed in Winston Churchill and I couldn't I couldn't have been in a better spot for all that in history.
39:39
SPEAKER_00: Uh but at the same time, I was also very, very proud of where I came from.
39:43
SPEAKER_00: And I would never be a I never would apologize for it.
39:47
SPEAKER_00: And if I I didn't, you know, after a couple of shandies, I I would I would not be shy about reminding them if it wasn't for us, they'd be treat, you know, they'd be paying for that beer in Deutsche Markt.
39:58
SPEAKER_00: So, you know, and and as much as they love to hate us, they also love to emulate us, right?
40:04
SPEAKER_00: It's like a little brother.
40:05
SPEAKER_00: Well, at least I'm talking about England right now for sure.
40:08
SPEAKER_00: But it's in America's easy to hate because it's because we're we got a lot of great things here, right?
40:13
SPEAKER_00: I mean, that's why.
40:14
SPEAKER_00: And like all those people that came over for the World Cup.
40:17
SPEAKER_00: I heard all those things firsthand.
40:19
SPEAKER_00: You know how many times I heard people whisper in my ear, I wish we had somebody like Donald Trump when I was in England.
40:25
SPEAKER_00: God was doing a ton of politics, political newscasts and stuff, and they just don't feel like there's anybody in their corner.
40:31
SPEAKER_00: Um, I know that I know that Donald Trump is very polarizing, but it could it can be the next guy, you know, who knows, Rubio or DeSantis or whomever, advanced, just so the people in their own country feel like their leaders are looking out for them.
40:45
SPEAKER_00: Because at some point in time, a lot of the leaders, a lot of Western leaders around the world, and you can see this from an outside point of view if you're not living here all the time, had kind of gotten together and thought, you know what, we're we're not gonna have any borders.
40:57
SPEAKER_00: We're gonna let these other people come in.
41:00
SPEAKER_00: And they've suffered tremendously from that in a negative way in Europe, horribly.
41:06
SPEAKER_00: We suffered from it, by the way, uh, but we were able to put an end to it.
41:10
SPEAKER_00: They still haven't been, they still have not been able to do that.
41:13
SPEAKER_00: So I'll, you know, uh a great example is when I went over there, when I first pulled over there in 1989, um, I was what, 24 years old and had just gotten my passport, had never been outside my own country, and I got my passport stamped at Heathrow Airport, and the gentleman said, Okay, we find a permanent place to live.
41:32
SPEAKER_00: You need to register immediately with the local police department.
41:35
SPEAKER_00: I said, Okay, yes, sir.
41:36
SPEAKER_00: And as I'm walking away, he says, son, come here.
41:38
SPEAKER_00: I said, Yes, sir.
41:39
SPEAKER_00: He says, Do you know why I asked you to do that?
41:41
SPEAKER_00: And I said, No, I don't.
41:43
SPEAKER_00: I'm just being agreeable, I don't want to be in trouble.
41:46
SPEAKER_00: And he said, Well, we're asking you to do that because we want to keep track of you.
41:49
SPEAKER_00: And do you know why we want to keep track of you?
41:51
SPEAKER_00: And I said, No, sir.
41:52
SPEAKER_00: He said, Because we don't want you taken out of a pot and you didn't put anything into.
41:57
SPEAKER_00: Well, fast forward 35 years, and that is basically monetary policy from a lot of cities and states in this country.
42:07
SPEAKER_00: We're letting people come over the border unchecked and come to our cities, and we give them a lot of stuff that they didn't put in the pot for.
42:14
SPEAKER_00: And that's a really good way to go bankrupt very, very quickly.
42:18
SPEAKER_00: But you know what?
42:18
SPEAKER_00: Back then it made common sense.
42:20
SPEAKER_00: Now today it's racist.
42:22
SPEAKER_00: And I saw it firsthand.
42:23
SPEAKER_00: I'm like, this is insane.
42:26
SPEAKER_00: And you want to go bankrupt, have no border, and give out benefits.
42:29
SPEAKER_00: If you want to stay safe, it's you know, if you want to stay solvent, if you're gonna have a border, you can give out benefits, but if you're having no border, you can't give out benefits.
42:37
SPEAKER_00: Guess what happens?
42:38
SPEAKER_00: You won't have anybody come over the border anymore.
42:40
SPEAKER_00: It's common sense, it's not that common anymore.
42:42
SPEAKER_00: But we have those types of things that are still going on in Europe.
42:45
SPEAKER_00: They haven't caught on to the fact that that's gonna put them in, you know, in a debit uh jail pretty quickly because if you look and see how how things are going and say France or even Germany and England too, they're not in Europe anymore, but uh they're all struggling mightily with what to do with all that new influx of people that they they can't support themselves.
43:05
SPEAKER_03: Common sense isn't common anymore.
43:08
SPEAKER_03: Right.
43:09
SPEAKER_03: Tommy, what do you think?
43:09
SPEAKER_03: We should we should title this episode that common sense isn't common anymore.
43:14
SPEAKER_03: What a what a terrific thought there.
43:16
SPEAKER_03: And I don't want to belabor because we're we're getting a little bit long on time here, but it does occur to me maybe you as a student of history, you who is someone who's lived overseas, who's who's been out in the world perhaps a quite a bit more than I have, uh Scott, we're awfully divided here in the country.
43:37
SPEAKER_03: However, the next presidential election goes, however the midterms go, some gonna somebody's gonna freak out.
43:44
SPEAKER_03: What what does it take to get us to get us back unified again and to get everybody back on the same page?
43:50
SPEAKER_03: Because I feel like everyone is so entrenched and willing to point a finger, and that guy's the problem, that lady's the problem, that person is the problem from from both sides.
43:59
SPEAKER_03: And it it's part of what makes me apathetic about politics.
44:02
SPEAKER_03: I don't want to get so invested that that that it changes how I look at other people.
44:09
SPEAKER_03: But I I I fear I'm in a minority that way.
44:12
SPEAKER_03: Your thoughts?
44:13
SPEAKER_00: Uh okay, I mean this is a great great question, and I'll say this.
44:16
SPEAKER_00: Living overseas for sixteen years.
44:19
SPEAKER_00: When I would go to a dinner party and they were very prevalent, right?
44:22
SPEAKER_00: They would have friends over, they would cook, lots of bottles of wine, it was a lot of fun, and I really enjoyed it.
44:27
SPEAKER_00: We don't do that here in America, but they do that a lot in Europe, especially in England.
44:31
SPEAKER_00: And they would always tell me the three things you want to make sure you talk about are sex, politics, and religion.
44:39
SPEAKER_00: Because that makes the best dinner party, right?
44:42
SPEAKER_00: And so they were always discussing politics, sex, and religion.
44:50
SPEAKER_00: You can disagree with somebody and agree to disagree, but you got their point of view and it was civil, and it was never a pressure cooker.
44:56
SPEAKER_00: You go to a party in America now, and they always are whispering under their breath, whatever you do, don't talk about sex, politics, and religion.
45:04
SPEAKER_00: You're only allowed to talk about Marcy's seventh-grade volleyball coach.
45:08
SPEAKER_00: You know, you're like, really?
45:09
SPEAKER_00: Is that where we're at here?
45:10
SPEAKER_00: So now we can't talk about this stuff, and it just festers and it pressurizes and it festers and it pressurizes to the point where people start to lose the view of common sense.
45:22
SPEAKER_00: And I think that's absolutely what's happened.
45:23
SPEAKER_00: I did a story on the Cow Guy Close today about the thread of what's been happening, clown world that I call the clown world 2.0, but when we've got this resurgence of socialism where people think it's an actual option, where we've got people that can't describe the word what W stands for in WNBA, and now we've got professional NFL players going back to college that have eligibility left to get NIL money because it was going to be better than what they got in the NFL.
45:48
SPEAKER_00: That's crazy world.
45:50
SPEAKER_00: But I think it's all stitched together where we're not open and often talking about everything so we can keep the pressure off and we don't have some stupid stuff going on where 25 years ago you'd say there's no way that would happen.
46:03
SPEAKER_00: And now today it's actually happening, and now today it's almost mainstream.
46:10
SPEAKER_03: I'm gonna ask you a we're we're down this road now.
46:14
SPEAKER_03: You know, the the one of the great fallacies of the socialist ideal is that yes, it's it's had its problems in the past, but we'll do it better.
46:25
SPEAKER_03: This time it'll work.
46:26
SPEAKER_03: This time it'll work.
46:27
SPEAKER_03: And I have the sense talk me off the ledge, Scott.
46:32
SPEAKER_03: I have the sense that socialism could be the gateway drug for full-on Marxism.
46:38
SPEAKER_03: There are some who are actually touting Marxist ideas in our country in upper levels of government, and I've and people are buying it.
46:47
SPEAKER_03: People are buying it.
46:47
SPEAKER_03: You studied history, it never works, it never works.
46:51
SPEAKER_00: Okay, and do you know why?
46:52
SPEAKER_00: Everybody says you're exactly right.
46:53
SPEAKER_00: They always say this time we'll give it a better shot, or this time.
46:56
SPEAKER_00: No, what they always say now is they didn't do it right.
47:00
SPEAKER_00: They didn't do socialism right.
47:02
SPEAKER_00: Okay, that's what they always say.
47:04
SPEAKER_00: And here's the answer they didn't, you're right.
47:06
SPEAKER_00: And in a Petri dish on its own, in a perfect environment, socialism is awesome.
47:12
SPEAKER_00: Okay, in a perfect environment.
47:15
SPEAKER_00: But what the difference between capitalism and socialism is our founders, right, our framers of our constitution, they took into effect or took into account the fact that men are fallible and they are human, and they cheat, lie, and steal, and make mistakes.
47:31
SPEAKER_00: So they built a system that takes that into consideration and can flourish in spite of it.
47:38
SPEAKER_00: But if any of that stuff happens in the petri dish of socialism, the whole thing uh melts down and it results in tens of millions of people dying.
47:47
SPEAKER_00: Okay, that's the big difference.
47:48
SPEAKER_00: So let your socialists tell you how great it is and go, you know what, it is great.
47:52
SPEAKER_00: But it's great in a petri dish in a perfect conditions in a lab.
47:55
SPEAKER_00: But once you bring it out into the real world where humans lie, cheat, and steal, and uh, and are uh, you know, do stuff for money when you didn't think they would, capitalism still can stand up on its own in spite of all those negative things where there's no way socialism has a chance.
48:11
SPEAKER_00: That's the bottom line.
48:12
SPEAKER_03: Yeah, you know, they'd come after the the uh journalists first, the uh the personalities and those behind microphones with something to say, like what you and I are discussing today in that world, brother.
48:23
SPEAKER_03: Yep.
48:25
SPEAKER_03: That's what that's what they do.
48:26
SPEAKER_00: That's truly fascism, and they don't even know what a word the word means, but anyway.
48:31
SPEAKER_00: Yeah.
48:31
SPEAKER_03: Well, and it's it's a shame that that word got tossed around because it is it's a terrible thing, and the way it was just tossed around by so many people who I think don't really understand what that word means and what that does, I feel like it it softened the word to the point where you know, I used to call my brother a nerd sometimes, and it you know, to no effect, it it didn't really mean anything for some people.
48:58
SPEAKER_03: I think it's helping them cozy up to to ideas that they don't fully understand.
49:05
SPEAKER_00: Well, I mean, yeah, you're you're on to something there, and I'll tell you what you're on to.
49:09
SPEAKER_00: You know, those who control the language control the country.
49:13
SPEAKER_00: And in doing so, in doing so, what happens is that generally speaking, it's one group more than another, but when they start to take the meaning out of a word, and you've probably heard racism way too many times.
49:25
SPEAKER_00: So now if somebody says, Davis, you're racist, it probably goes off your back because it's overused, so it doesn't have any meaning.
49:32
SPEAKER_00: So they overuse things so much so that it dumbs them down and they don't seem to be as dangerous.
49:39
SPEAKER_00: So you'll hear fascism thrown around so much that number one, they don't know what it means.
49:43
SPEAKER_00: And number two, if it was a truly fascist society, if you accuse our leader of being a fascist, you'd be put to death immediately.
49:49
SPEAKER_00: That's fascism, right?
49:50
SPEAKER_00: Right.
49:51
SPEAKER_00: And so they'll use words so often that they lose their meaning and and and they they get dumbed down.
49:58
SPEAKER_00: And and to some degree, I think that that's really part of the plan.
50:02
SPEAKER_00: But not to say that they've got enough brain cells to have a plan, but that's what happens when you use things as often as you do.
50:09
SPEAKER_00: I mean, how many times have you heard you know, this is an end to democracy, a threat to democracy?
50:14
SPEAKER_00: Come on, stop it.
50:15
SPEAKER_00: Um, this country's gonna go on whether this happens or not.
50:17
SPEAKER_00: Um, I understand you're feeling very important about this issue, but it's not a threat to the founding fathers and the framers and what they had planned.
50:25
SPEAKER_00: It's just going against what you want to do.
50:27
SPEAKER_00: But I think that those types of things that get said, when they start to control the language and dumb things down, um it makes it easier for people to to acquiesce.
50:36
SPEAKER_00: And and and and you, if you go by, it kind of reminds me, and this is another really, really touchy subject, but it does remind me of this is uh this is a pandemic of the of the unvaccinated.
50:48
SPEAKER_00: You know, how many times do you have that?
50:50
SPEAKER_00: All of a sudden they're getting the world to turn against.
50:53
SPEAKER_00: I mean, so many times when you take over the language or at least the talking points, they get dumbed down, they don't seem as serious, and they can start to divide people pretty easily.
51:03
SPEAKER_00: And I think that's I think that's where we're at in America.
51:05
SPEAKER_03: Yeah.
51:06
SPEAKER_03: I can't wait to see the comments section for this program when it when it's out.
51:11
SPEAKER_03: Shout us out your thoughts, everybody.
51:13
SPEAKER_03: We don't no, no, no.
51:16
SPEAKER_03: We we this is a forum of ideas, and you're exactly right.
51:20
SPEAKER_03: People need to need to talk about the hard things, and the hard things wouldn't seem so so difficult if we could just talk about them without freaking out.
51:28
SPEAKER_00: I learned that lesson again in a dinner party in London.
51:31
SPEAKER_00: My first week, or not week, my first month there, maybe my first dinner party there.
51:35
SPEAKER_00: The kid next to me was a little scrunty English kid where his ears came out past his shoulders, and and I and he was challenging me on every single one of my political beliefs.
51:45
SPEAKER_00: And I was, I mean, if it wasn't for the fact that it would it would have looked bad for me to beat him up because I was so much bigger and stronger, I I had to fight with my mind and my words.
51:55
SPEAKER_00: And I was so frustrated, Davis.
51:57
SPEAKER_00: But at the end of the evening, we're you know, he says, Cheers, and I clinked my my 50th glass of red wine, it seems like, with him.
52:03
SPEAKER_00: Yeah, and he says, by the way, before you go, I just want to let you know, I totally agree with you, but I just wanted to make sure you knew what you were talking about.
52:12
SPEAKER_00: And I thought the guy made me lose about five days of my life because my blood pressure was through the roof the entire time.
52:17
SPEAKER_00: Yeah, but he said, I just wanted to challenge you and see if you knew what you're talking about.
52:21
SPEAKER_03: Yeah, that's a lost art.
52:23
SPEAKER_03: That and looking words up in the dictionary, the art of conversation and the use of a good old-fashioned Webster's dictionary.
52:31
SPEAKER_00: Right.
52:32
SPEAKER_03: I think that could solve an awful, awful lot of problems.
52:35
SPEAKER_03: One more thing before I let you go.
52:36
SPEAKER_03: I gotta, I gotta ask you about this.
52:38
SPEAKER_03: So you mentioned that you uh we're switching gears just a little bit, but maybe not.
52:43
SPEAKER_03: You've you brought up the pandemic, and you mentioned that you really started to focus on pursuing media as as the pandemic was unfolding.
52:54
SPEAKER_03: And I'm curious, you probably had expectations.
52:57
SPEAKER_03: None of us quite knew what that pandemic was going to look like.
53:00
SPEAKER_03: You know, two weeks to stop the spread turned into two freaking years.
53:04
SPEAKER_03: And meanwhile, you you seem to have wound up in a pretty good place.
53:08
SPEAKER_03: You got a dandy career going here.
53:10
SPEAKER_03: You're the you're the right man for the job, you're the kind of guy that we need sitting in front of microphones.
53:15
SPEAKER_03: And I'm just curious if you've if you've noticed the media landscape changing, or how is it different now than when you you started just what six or so odd years ago?
53:28
SPEAKER_00: Well, on my own show, it's probably been about the same.
53:31
SPEAKER_00: I mean, the the the obviously you you kicked it off, the country is very polarized.
53:38
SPEAKER_00: But but radio is still generally gonna be to the right, and uh media, television media is gonna be generally to the left.
53:46
SPEAKER_00: When I say generally to the left, I'm gonna say 98% of television is is left, and that's that's empirical evidence.
53:53
SPEAKER_00: That's not meet my own personal point of view.
53:56
SPEAKER_00: So I have taken uh my fair share of uh flack for per se about about my points of view, but I I I I actually went on and and uh bought the website common senseocrat.com because I kind of felt like yeah, maybe it maybe it lands more in the conservative camp, but I just feel like I use common sense all the time.
54:17
SPEAKER_00: And I learned that from my father and working on the ground, you know.
54:20
SPEAKER_00: If it's you know, don't sneeze in my face and try to tell me it's raining, okay?
54:24
SPEAKER_00: And and to that point, that's one of the things I love about the our agricultural community in America and ranchers.
54:30
SPEAKER_00: Yeah, it's the last place where you look somebody in the eye and shake their hands and the deal's done.
54:34
SPEAKER_00: I mean, you don't get that anymore in any other place in America.
54:37
SPEAKER_00: So it's still an honest group of people, and I would say that they would pretty much agree with what I'm saying is that you know, if it doesn't feel right in your gut, don't do it.
54:47
SPEAKER_00: Um, you know what's right and wrong between right and wrong.
54:50
SPEAKER_00: And I think a lot of America lands in that camp.
54:52
SPEAKER_00: And I think that's just common sense, and I call it the common sense of crack.
54:55
SPEAKER_00: Now, maybe one of the parties has shifted so much so that it's it's it's it feels wrong, and socialism does feel wrong.
55:02
SPEAKER_00: Maybe that's the case we're going through right now.
55:05
SPEAKER_00: But I I definitely feel like um the one of the last bastions of somebody saying what they're gonna do, shaking their hand, looking in the eye is the ag and ranching world.
55:12
SPEAKER_00: And I and I love them for that.
55:14
SPEAKER_03: Yeah, amen.
55:15
SPEAKER_03: As do I.
55:16
SPEAKER_03: Common sense.
55:18
SPEAKER_03: That's uh that's great.
55:19
SPEAKER_03: You so you've you've got a website up and running is the commonsensocrat.com.
55:24
SPEAKER_03: No?
55:24
SPEAKER_03: I own it.
55:25
SPEAKER_03: I haven't got anything with that, but I okay, okay.
55:28
SPEAKER_03: Well, you you ought to.
55:29
SPEAKER_03: I think that's a that's a great thing.
55:31
SPEAKER_03: I'm gonna start calling myself that a commonsensocrat.com.
55:34
SPEAKER_03: Does that make you my president, Scott?
55:37
SPEAKER_00: No, I went to the University of Colorado, played football, and I was the president of my fraternity.
55:42
SPEAKER_00: So my closet is about 4,000 square feet.
55:45
SPEAKER_00: There's no way I could run for anything.
55:47
SPEAKER_00: Something to come up.
55:49
SPEAKER_03: Well, you've got my vote, sir.
55:51
SPEAKER_03: You've absolutely got my vote.
55:53
SPEAKER_03: Let's let's start making our way toward the exit here.
55:56
SPEAKER_03: I appreciate your candor.
55:58
SPEAKER_03: Great conversation.
55:59
SPEAKER_03: I hate for it to end, but but but let's start heading that way.
56:03
SPEAKER_03: You mentioned we'll we'll sort of soften our way out here.
56:07
SPEAKER_03: Gosh, looking in in the in your room there, it looks very tropical.
56:11
SPEAKER_03: You mentioned it was autumnal in Nashville today, and yet 90 degrees.
56:15
SPEAKER_03: Are you guys gonna get a break from that at all coming up?
56:18
SPEAKER_03: Do you know?
56:19
SPEAKER_00: Oh, you know, so uh July and August are pretty tough down here in Nashville, Tennessee.
56:22
SPEAKER_00: But you know what?
56:23
SPEAKER_00: 70 degrees in December makes it worth it, you know.
56:27
SPEAKER_00: And I also I'm 60 years old, Davis.
56:29
SPEAKER_00: I'm done with snow.
56:31
SPEAKER_00: I you know, I think it snows once a year here for about six hours.
56:35
SPEAKER_00: You'll get two or three inches of it'll be gone by the next day, generally speaking.
56:39
SPEAKER_00: Every now and again we get an ice storm.
56:41
SPEAKER_00: But you know, I given, you know, pulling a calf out when you're 11 years old and it's pretty below, and you've got all the cows in a barn to try to generate some heat.
56:50
SPEAKER_00: And like, you know, wearing your your all-in-one car heart.
56:53
SPEAKER_00: And I mean, I've done it and I loved it.
56:55
SPEAKER_00: It was great, great experience for me.
56:57
SPEAKER_00: I know you know that a lot of people need to have that education.
56:59
SPEAKER_00: They understand life and death, the circle of life and death.
57:02
SPEAKER_00: They should, they'll they'd also learn the value of a dollar.
57:06
SPEAKER_00: They'll also learn that you know there's no better feeling, as Vince Barney would say, about giving all you got and leaving it on the field.
57:12
SPEAKER_00: Uh, you go you go to sleep at night pretty level-headed and pretty exhausted, and it's a really, really good feeling.
57:18
SPEAKER_00: You don't have enough time to wake up in the morning and say to yourself, gee, maybe I'm a girl.
57:25
SPEAKER_00: That just doesn't that doesn't come into your mind.
57:29
SPEAKER_03: I've tried to put the lid back on the worm cans, Scott.
57:34
SPEAKER_03: You and I are gonna have to get together and and do this again much, much more often.
57:39
SPEAKER_03: Let me go to the National Weather Service.
57:41
SPEAKER_03: They're expecting thunderstorms, some severe to impact areas of the plains into the Midwest today.
57:46
SPEAKER_03: Rainfall can be locally heavy as well from these storms with isolated instances of flash flooding.
57:52
SPEAKER_03: Monsoonal flow will enhance rainfall across the four corners into the central Rockies today.
57:57
SPEAKER_03: Meanwhile, summer heat continues for the Southern Plains.
58:01
SPEAKER_03: I think that's you, Southwest and into Southern California.
58:05
SPEAKER_03: Let's go back to Dolly Parton, and then I'm gonna cut you loose, Scott.
58:09
SPEAKER_03: But I've got some items of mild interest where Dolly Parton is concerned.
58:14
SPEAKER_03: This, according to country living.
58:17
SPEAKER_03: You know, you mentioned you you grew up on the, we'll call it the west coast of Illinois.
58:22
SPEAKER_03: Dolly Parton's parents reportedly paid for her birth with a sack of oatmeal.
58:28
SPEAKER_03: Parton was the fourth of 12 children born in Severville, Tennessee.
58:33
SPEAKER_03: Her family was so it's Severeville.
58:36
SPEAKER_03: Severeville.
58:37
SPEAKER_03: I've been there.
58:38
SPEAKER_03: I didn't think that could be right, but okay, Severeville, Tennessee.
58:41
SPEAKER_03: You speak with authority.
58:43
SPEAKER_03: Her family was so poor that grain was all her father had to give the doctor who delivered her.
58:49
SPEAKER_03: Parton once told NPR, a red-headed bank teller with a quote, terrible crush on her husband, inspired the song Jolene.
58:59
SPEAKER_03: Dolly said he quote, just loved going to the bank because she paid him so much attention.
59:04
SPEAKER_03: She says it was kind of like a running joke between us.
59:06
SPEAKER_03: I was saying you're spending a lot of time at the bank.
59:09
SPEAKER_03: I don't believe we've got that kind of money.
59:12
SPEAKER_03: And finally, here, oh, I'll turn this into a quiz question.
59:15
SPEAKER_03: All right.
59:16
SPEAKER_03: I'm sure that you know about her her library and her efforts to get books into the hands of regular everyday folks.
59:23
SPEAKER_03: In 1995, Dolly Parton started a nonprofit called Dolly Parton's Imagination Library.
59:30
SPEAKER_00: Yes.
59:31
SPEAKER_03: Since the inception, the library has given away a number of free books.
59:36
SPEAKER_03: Scott, I wonder if I can hassle you into hazarding a guess at how many books Dolly Parton's Imagination Library has given away since its inception in 1995.
59:50
SPEAKER_03: How many?
59:51
SPEAKER_00: All right, that's gonna be say 31 years.
59:56
SPEAKER_00: You're gonna do the math on it, aren't you?
59:58
SPEAKER_00: I don't know.
59:58
SPEAKER_00: I don't know.
59:59
SPEAKER_00: I mean, I don't know, a million books.
1:00:01
SPEAKER_00: I don't know.
1:00:02
SPEAKER_03: Oh, it's it's a lot more than I ever dreamed it would be.
1:00:07
SPEAKER_03: It's more than 332 million books given away by by Dolly Parton.
1:00:13
SPEAKER_03: Heck of a legacy.
1:00:15
SPEAKER_00: That's 10 million a year.
1:00:15
SPEAKER_00: That's amazing.
1:00:18
SPEAKER_00: Well, I'll I'll give you a my father also grew up very poor.
1:00:21
SPEAKER_00: I mean, very poor.
1:00:22
SPEAKER_00: I mean, he didn't have an address, a tin shanty.
1:00:25
SPEAKER_00: He didn't have any shoes.
1:00:26
SPEAKER_00: He had to go to uh Salvation Army to get shoes every year for school in September.
1:00:31
SPEAKER_00: And he's got a great thing.
1:00:32
SPEAKER_00: He talks about he had a a brother and and uh they had no money.
1:00:36
SPEAKER_00: And sometimes when food was short at the end of the month, money was short at the end of the month, my grandmother didn't have enough money to buy food to make anything for my dad and my uncle.
1:00:45
SPEAKER_00: And and my dad would tell that story a lot, and he would say that in order to appease his my dad and his brother, sometimes my grandmother would sit down and and try to make them feel better, and she would just read them the recipe, okay?
1:00:58
SPEAKER_00: Of what she was gonna make for dinner.
1:01:00
SPEAKER_00: Now that's right.
1:01:03
SPEAKER_00: But then my dad said, my but his brother, my uncle, he was hard of hearing and he damn near starved to death.
1:01:14
SPEAKER_03: I love that.
1:01:16
SPEAKER_03: I think we're gonna leave it right there.
1:01:17
SPEAKER_03: We're gonna call that a high note.
1:01:19
SPEAKER_03: Good night, everybody.
1:01:20
SPEAKER_03: Scott the cow guy, Scott Shellady.
1:01:23
SPEAKER_03: Where where can we find you?
1:01:24
SPEAKER_03: Where's it where's your preferred locale for people if they want to want to seek you out?
1:01:29
SPEAKER_03: On Twitter, probably best.
1:01:30
SPEAKER_03: You know, that's Scott the Cow Guy.
1:01:32
SPEAKER_03: That's that's probably the best.
1:01:33
SPEAKER_03: Okay, very good.
1:01:34
SPEAKER_03: Well, man, it's been great getting to know you.
1:01:37
SPEAKER_03: You speak uh you speak the truth, sir, and you say things that need to be said, and I I very, very much appreciate that.
1:01:44
SPEAKER_03: And I know that our audience has has enjoyed hearing from you.
1:01:47
SPEAKER_03: There will be no shortage of opinions, I'm sure.
1:01:50
SPEAKER_03: If you're watching on YouTube, if you're watching on Twitter, whatever, wherever you're wherever you're checking, checking us out.
1:01:56
SPEAKER_03: Hey, you know, let's be kind, little decorum, people.
1:02:00
SPEAKER_03: It's an old-fashioned word.
1:02:01
SPEAKER_03: Look it up in a dictionary if you don't know what it means.
1:02:03
SPEAKER_03: Little decorum, but leave us a comment.
1:02:05
SPEAKER_03: We'd love to know your thoughts on all of this too, because uh Scott Scott and I do what we do for for the ag community and for if I'm just gonna say it, we do it for humanity, don't we, Scott?
1:02:17
SPEAKER_00: Yeah, like that, you know, they could be as as critical as possible.
1:02:21
SPEAKER_00: That's fine.
1:02:22
SPEAKER_00: Just make sure it's it's you know funny, right?
1:02:26
SPEAKER_00: Because you know, there I've heard every single fat joke in the world.
1:02:31
SPEAKER_00: So that's that's gonna bore me.
1:02:34
SPEAKER_00: That's gonna bore me to death.
1:02:36
SPEAKER_00: So you gotta be a little bit better than the fat joke thing.
1:02:39
SPEAKER_00: So I'll I'll expect some uh you know, a little bit something funnier than all the things I've already heard over the last six years.
1:02:46
SPEAKER_03: Well, we have the we have the smartest audience between you and me that that's in the known universe.
1:02:52
SPEAKER_03: There's nobody better than the folks who take in this sort of content, and we appreciate them every day.
1:02:56
SPEAKER_03: Scott the cow guy, thanks for your time today, brother.
1:02:59
SPEAKER_03: We appreciate you.
1:02:59
SPEAKER_00: No problem, no problem.
1:03:01
SPEAKER_03: And may I direct you, beloved viewer, to Agbull.com.
1:03:04
SPEAKER_03: Shameless plug at the end here, where you can dig deeper with AgBull Intel.
1:03:08
SPEAKER_03: Take your marketing by the horns with Ag Bull.
1:03:11
SPEAKER_03: Visit Agbol.com or call 855737 Farm.
1:03:17
SPEAKER_03: That's 855-737, followed by the word farm for the details or AgBull.com.
1:03:24
SPEAKER_03: Jed Sidwell will have the calls bright and early tomorrow morning, and I'll be all by my tomorrow afternoon talking about retail fertilizer prices.
1:03:35
SPEAKER_03: Your pal Davis Michelson.
1:03:36
SPEAKER_03: Thanks for being here on Ag Squawk.
1:03:38
SPEAKER_03: We'll see you tomorrow.