Podcast Extra: Navigating Macroeconomic Shocks with John Kempf and Dr. Michael McNeill - Acres Eco-Ag Conference 2025
1/8/20261 hr 13 min
In this Podcast Extra, John Kempf speaks with Dr. Michael McNeill at the Acres U.S.A. Eco-Ag Conference in December 2025. During their conversation, they field questions from the audience and dive deep into the intersection of macroeconomics, history, and the future of farming.
Topics discussed include:
The historical context of the 1962 "Adaptive Program for Agriculture" and its intentional design to reduce the American farm population.
Personal reflections on the 1980s farm crisis and the role of high-interest rates in driving farm bankruptcies and consolidation.
Strategies for developing resilient farming systems...
Clips
Transcript preview
First 90 secondsJohn Kempf· Host0:00
Welcome everyone. I've been, I've been really fascinated by the topic of macroeconomics in general, understanding how our banking system works, and, uh, understanding how macroeconomics really influence agriculture, and how they influence farming, and, and the rise and decline of civilizations throughout history. And, um, when I was having this conversation with Taylor one day, and he asked me, he said, "Well, I, I think you need to talk about this topic at the conference." Well, I had all well-meaning intentions to come prepared to this talk with lots of notes about specific reports that I had written, specific documentation. Um, thanks to me not having enough to get done, none of that happened. Um, but when I was here, I realized there were several people here who I wasn't, uh, didn't realize were going to be here, who had actually lived through some of the experiences that I wanted to talk about. And so what better opportunity than to get some friends up here on the stage and actually have a conversation about some of the things that have happened over the last sixty years around, uh, American agriculture and agricultural economics. So I'm very pleased and very delighted to let all of you know that Michael McNeil is here today, and he's going to be joining me here on stage to talk about agricultural economics, because he got the inside story.