Your Pro Farmer newsletter (September 24, 2022) is now available

Russian President Vladimir Putin ordered Russia’s first partial mobilization since World War II and backed a plan to annex swathes of Ukraine. He also warned the U.S. and its western allies he would be prepared to use nuclear weapons to defend Russia. That not only heightened tensions in the war with Ukraine but put the West on notice. President Joe Biden condemned Putin’s words and actions, stating a nuclear war “cannot be won and must not be fought.” While the world watches Russia closely, global central banks continue to actively fight inflation with higher interest rates, including the Federal Reserve, which raised the benchmark level another 75 basis points and pledged further strong actions to tame the price surge. That pushed the U.S. dollar to a new 20-year high. On the ag policy front, the battle lines are being drawn for the next farm bill. House Republicans made it clear they want to focus less on Biden’s climate-change initiatives and more on improving conservation programs. We cover all of this and much more in this week’s newsletter, which you can download here.