Why Midwest crop farmers are having a logistics problem

The Indicator from Planet Money

NPR

Business

4.7 • 9.5K Ratings

🗓️ 5 November 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's the most important day of the year for the country ... The Beigie Awards! The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This time, we shine a spotlight on one entry that speaks to a logistics problem affecting farms in the midwest.

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The Beigie Awards: Why banks are going on a "loan diet" (Apple / Spotify)

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Transcript

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0:00.0	NPR.
0:02.2	Election Day.
0:13.6	Election Day.
0:15.1	I know, I know.
0:15.8	It's always a conundrum for business reporters like us.
0:18.3	It is obviously the most important day of the year for the future of the world,
0:23.0	everything, really. And yet here we are like everyone else. Nothing to do but wait.
0:27.9	We have explained all the stakes. We've broken down the economic plans of the candidates.
0:33.0	And now we should just go to our happy place and see how it plays out.
0:36.6	The happy place? You mean the plays out. The happy place?
0:38.9	You mean the beige book?
0:40.4	The beige book!
0:46.3	Our favorite government document that details the current economic conditions, at least as of late October.
0:48.7	Soon to be a little out of date.
0:51.8	Sure, but its lessons will live on in our hearts.
1:00.2	That's why we make it into an award show. It's the Bezzi Award,
1:05.6	our eight times a year salute to the art and science of telling stories about the economy.
1:11.2	I'm Robert Smith. And I'm Weylin Wong. The Beechbook cannot predict the future of this country.
1:18.5	But the stories in it tell us about some other big, powerful forces like Mississippi River Big.
1:21.5	Ooh, we'll roll on after the break.
1:26.9	This message comes from Wise, the app for doing things in other currencies.
1:28.7	Send, spend, or receive money internationally, and always get the real-time mid-market exchange rate with no hidden fees. Download
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