LMD August 2022

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Riding Herd Saying things that need to be said. August 15, 2022 • www.aaalivestock.com

Volume 64 • No. 8

Carbon Cowboys LEE PITTS

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hen I first heard about “carbon credits” I thought, cows were finally going to get some of the CREDIT they deserve for making this world a livable place. After all, you can’t grow crops on a third of all the land in America but that doesn’t mean that land is worthless because anyone who rides a horse or can throw a loop knows that much of that land is perfect for raising cattle and sheep. These species can “upcycle” the inedible plants on that land into high quality protein in the form of beef and lamb and without these grazing animals people would have become as extinct as the Dodo bird. Speaking of Dodos, environmentalists have invested so much time and money in convincing the world that cows are evil, they have backed themselves into a corner and now can’t admit that cattle play a vital role in what scientists call the “biogenic carbon cycle.” They certainly will never admit that ranchers should be paid for all the carbon that cows are returning to the soil.

global economy is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that don’t adapt, regardless of what industry they are in. And just as some companies risk be-

you. According to Bloomberg’s Reed Landberg, “Decarbonization is an approach to climate change both sweeping and incremental: working industry by industry, process by process, to bring greenhouse gas emissions

Science Lessons

Forgive your enemies. It messes up their heads. ing left behind, so do cities and countries that don’t plan for the future. The decarbonization of the economy will be accompanied by enormous job creation for those that engage in the necessary long-term planning. Engineers and scientists are working around the clock on how to decarbonize cement, steel, plastics, shipping, trucking, aviation, agriculture, energy, and construction.” Decarbonization? Leave it to the greenies to come up with a six syllable word to make everyone think they are smarter than

down as close to zero as possible.” You can also leave it to the greenies to get it exactly backwards when it comes to understanding the process of decarbonization. According to Bloomberg News, “The destruction of rainforests for ranching and farming, including growing animal feed, is part of why livestock account for 60% of agricultural emissions. On the demand side, advocates hope to persuade people to eat less meat.” Like I said, leave it to the

The Next Big Thing

NEWSPAPER PRIORITY HANDLING

It seems the greenies are running out of subjects to be offended by and they desperately need new fundraising material because, well, fundraising is what they do. In case you haven’t heard, the next big trend is “decarbonizing the global economy.” BlackRock’s legendary investor Larry Fink has said, “I believe the decarbonizing of the

greenies and the left-leaning press to get it exactly backwards. If they really believed in man-made climate change in order to decarbonize the planet MORE cows are exactly what the Doctor ordered. We’ve long known about “decarbonization” only we referred to it as “photosynthesis” back in grade school. But it seems like this is the first time the greenies have heard about it. During photosynthesis plants turn carbon into cellulose, a carbohydrate that plants need in order to grow. According to the Clarity and Leadership for Environmental Awareness and Research (CLEAR) Center at UC Davis, “Cellulose happens to be the most abundant organic compound in the world, present in all grasses, shrubs, crops, and trees. Cellulose content is particularly high in grasses and shrubs found on marginal lands, which are places where grains and other human edible crops cannot grow. Twothirds of all agricultural land is marginal, full of cellulose dense grasses that are indigestible to humans.” continued on page 2

“Do the Math” Sri Lanka Collapses & Dutch Recurring Theme in Global Food & Energy Conversation Farmers Revolt: merican Agri-Women (AAW) Blame ‘Green’ hosted the Global Food & Energy Supply Conversation in late Policies July to respond to member interBY DOUGLAS BLAIR@DOUGLASKBLAIR

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ri Lanka is on fire and enraged protesters have stormed the presidential palace. Dutch farmers continue to protest all across the Netherlands by blocking roads with their tractors. Germany, Italy, and Poland have all had their own farmers’ protests, inspired by the Dutch. Around the globe, protesters are expressing just how fed up they are with failed “green” policies. The tension has been brewing for a long time. Last December, Sri Lanka’s government banned chemical fertilizers to force the country to move toward organic and environmentally friendly farming. The results have been catastrophic. After only seven months, the government was forced to revoke the program as crop yields plummeted and food prices skyrocketed. The New York Times reported that rice prices shot up by nearly one-third, while prices for vegetables rose five times what they were the year before. Starving and unable to find relief, Sri Lankans began to rise up and revolt against their continued on page 4

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est in rising input and food costs. Two recurring themes of the event were the need for people to “do the math” and for countries to normalize trade. AAW President Heather Hampton+Knodle, moderated the event and opened by citing comments from a recent congressional hearing where 74 percent of the estimated increase in poverty and 63 percent of the rise in hunger are due to high fertilizer and fuel costs. She shared articles from the U.S. and around the globe featuring food and energy disruptions, protests, and added costs due to regulations. Guest presenters on the panel were Dr. Roger Cryan, Chief Economist with the American Farm Bureau Federation; Rose Barbuto, Senior Policy Advisor to the Farm Journal Foundation; and Dr. Dean Foreman, Chief Economist with the American Petroleum Institute. Panelists interpreted charts and graphs illustrating global food and energy flow throughout the conversation. When asked how regulations factor into food and fuel costs, Cryan said, “As far as the cost of environmental and social governance issues, they are hard to measure. At the mocontinued on page 4

by LEE PITTS

The Duke and I

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t the tender age of 22 I left a cowboy job paying $650 a month to take a job as a field editor with a major livestock newspaper. I was hired in October to work ring at purebred auctions, take photos, write sale reports and sell advertising, which I hated and was not good at. I couldn’t sell tofu lasagna to a starving vegan. My territory included southern California, Arizona, Utah and Las Vegas, Nevada. I was a contract worker which meant I got 33% of all my ad sales but I had to pay all my own expenses. My two best accounts were an auction yard and the 26 Bar Ranch in Arizona. That’s how I found myself over Thanksgiving weekend in Stanfield, Arizona, at a cocktail party standing ten feet away from The Duke himself, John Wayne. I’ve met a lot of personalities at cattle sales over the years. I had a great conversation with Mel Gibson, traveled with Mrs. David Rockefeller, worked Wayne Newton’s Arab horse sale and met dozens of professional athletes whose financial advisors had told them what a great tax write-off purebred livestock were. But the highlight was attending John Wayne’s Hereford Sale for several years. Adding to the special feeling was that we always stayed at a resort called Francisco Grande which had been a Spring Training camp for the San Francisco Giants. Keep in mind this was only the second sale I’d attended so I assumed this is what it was going to feel like being a field editor. When you mentioned the name 26 Bar everyone thought of The Duke but he had a partner in Louis Johnson who was one of the shrewdest people I’ve ever met. Legend has it that The Duke had been investing in cotton farms but everyone he partnered up with took him to the cleaners, so he asked around, “Who is the best cotton farmer in Arizona?” The name Louis Johnson kept popping up so he partnered up with Louis on farming, a huge feedlot that was named the Red River Feedlot after one of The Duke’s biggest movies, and a purebred Hereford operation that quickly became one of the most prominent and

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