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The Back Forty-A Blog about Life as an Agricultural Economist

My father, Jim Irwin, cultivating corn on our Iowa farm in the mid-1940s.

Daredevils and Speculators

“Then we heard the high-pitched whir of a snowmobile engine far in the distance. It was like a scene from a World War II movie, where the Americans hear the ominous sound of an approaching Japanese bomber before they see it. The sound kept getting louder and louder, and we…

China and U.S. Soybean Exports

There is much discussion these days about China not buying any US soybeans so far this marketing year. This is decidely not the norm. For example, by this time last year China had booked over 400 million bushels of soybean imports from the US. The big question that everyone is…

SREs

Last Friday, the EPA released its decision on 2016-2024 SREs (small refinery exemptions) under the RFS. The EPA awarded 63 full SREs and 77 partial (50%) exemptions. The total for the 140 awarded exemptions was 5.34 billion gallons, a large amount by any standard. Here are some thoughts about the…

Friday Fun

If you’ve read my book Back to the Futures, you know that I have had a lifelong passion for things that go fast. I grew up going to dirt track races in Iowa with my dad and his racing friends. Our favorite place in the world on Saturday nights was…

A Day in the Life

Many of you have probably noticed that higher education is having a rough go of it right now. There is a new headline almost every day about the Trump Administration’s battle with Harvard. I think that many of the criticisms being leveled at universities have merit, and we need to…

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