“Finance Overhaul Casts Long Shadow on the Plains”
“Farmer Jim Kreutz uses derivatives to soften the blow should the price of feed corn drop before harvest. His brother-in-law, feedlot owner Jon Reeson, turns to them to hedge the price of his steer. The local farmers’ co-op uses derivatives to finance fixed-price diesel for truckers who carry cattle to slaughter. And the packing plant employs derivatives to stabilize costs from natural gas to foreign currencies.
Far from Wall Street, President Barack Obama’s financial regulatory overhaul, which may pass Congress as early as Thursday, will leave tracks across the wide-open landscape of American industry.” Read more.
“Finance Overhaul Casts Long Shadow on the Plains”
Michael M. Phillips
The Wall Street Journal, June 13, 2010.
Image by Evgeni Dinev / FreeDigitalPhotos.net.
