Keeping your head in the agricultural game while the rules keep changing

by | Feb 25, 2020 | Ohio Country Journal

A conversation with…

Michael Swanson, an economist with Wells Fargo Bank who spoke at the 2020 Ohio Agribusiness Association Industry Conference

OCJ: You talked about how the three-point line changed the strategy of the game of basketball with the addition of an arbitrary line added to the court. Coaches, players and teams all had to adjust their game plans to account for the change and those who adapted most quickly and effectively had the advantage. Agriculture certainly has some similarities. What are they?

Michael: Every day someone is drawing a new three-point line on our court. It could be a regulatory three-point line. It could be a technology three-point line. Either way, it changes the game. Agriculture used to be a labor-intensive industry and now it is an input driven industry. You used to be able to get up earlier, work later and out produce your neighbor. That is not always the case anymore.? Continue reading