FARM BUSINESS NEWS
Oil Windfall Jolts U.S. Economy
Marcia Zarley Taylor DTN Executive Editor
Mon Jan 27, 2014 02:00 PM CST

DES MOINES (DTN) -- The U.S. shale oil boom is providing a major jolt to restart the nation's economy, but the energy windfall is not without cost, speakers at the Iowa Land Investment Expo told attendees Friday.

"Getting off enemy oil" may be one of the most important transformations for U.S. national security and economic prosperity, keynote speaker T. Boone Pickens said, adding that the magnitude of shale oil and gas production the last five years has surprised even a veteran 85-year-old oil and gas billionaire like him.

The United States has already slashed its oil imports from 60% to ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Woodbury: Farm Family Business
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Labor Pains - 2
Syngenta to Sell Seed Business
Minding Ag's Business
Ask the Taxman by Andy Biebl
State of the Industry
Railroads Gear Up for Harvest