
What can farmers expect? An Ag economist's perspective
As the chief agricultural economist and senior vice president at Wells Fargo's Agri-Food Institute, Dr. Michael Swanson has a big-picture understanding of energy markets and the economy of agribusiness. He stops by The Water Table to help us make sense of the impacts of the war in Iran and how the markets might continue to react.What can we expect crude oil prices to do? What about commodity prices? How does this situation compare with the Russia-Ukraine war? Michael shares his wisdom on these topics—and an old adage or two—to keep the current situation in perspective and offer encouragement for farmers to seize the right opportunities for success.Note: This episode was recorded on June 5, 2026.Chapters00:00 - Introductions02:10 - Systems thinking and never-ending stories05:28 - Challenging the popular narrative11:02 - An opportunity to make money in this market12:04 - Crude oil costs and stockpiling resources16:10 - Global feedstock and energy markets17:05 - A closer look at the numbers19:10 - Fixing the cash rent problem25:09 - Looking back and ahead30:12 - Final thoughtsRelated Content#144: The Iran war and pipe prices #52: An Ag Economist Tells All: Critical Topics Impacting the Future of Agriculture Find us on social media!Facebook XInstagramListen on these podcast platforms:Apple Podcasts SpotifyYouTube MusicYouTubeVisit our website to explore more episodes and water management education.













