Land Expo Attendees Tweet Reactions
Attendees reached for their phones to document and react to the keynote speakers at Friday’s Land Expo in West Des Moines, Iowa. The event attracted farmers, investors, bankers, and economists from around the country. Highlights from the 11th annual event were trending on Twitter for a majority of the day.
Iowa governor Kim Reynolds welcomed the crowd, highlighting Iowa as a great place to invest. She spent time talking about taxes, education opportunities, and the biotech research going on in the state.
Ron Insana kicked off the morning with his speech, “Is Fortress American Intact.” Insana is a CNBC and MSNBC economic contributor shared his formative experiences in tv and economics from the 1980s to begin his session.
Insana: We don’t know where we stand in the NAFTA discussion. We are a net beneficiary of NAFTA. Trade is most important aspect of what we are watching when it comes to the economy. #LandExpo18 pic.twitter.com/jk2kbvMPME— Joe Murphy (@jmurphpix) January 26, 2018
Jack Bobo, Senior Vice President and Chief Communications Officer at Intrexon asked the audience, “Can agriculture save the planet before it destroys it?” Intrexon is known for their work on the Actic Apple and the Zika fighting mosquito. His work is on the cutting edge of biotechnology across the health, agriculture, food, and energy sectors.
Jack Bobo: Today 25,000 people will die of hunger. Agriculture has delivered over time. But we need to do everything better tomorrow than we did today. Innovation in agriculture is a bright spot. #LandExpo18 pic.twitter.com/k7Ej1VrEm9— Iowa Soybeans (@IowaSoybeans) January 26, 2018
1,000 people die of starvation every hour. One every 4 seconds. @Jack_A_Bobo explains we need to focus less on feeding 9 million and tell the story of the first number. #AgChat #LandExpo18 pic.twitter.com/wKoV0HeuuF— Travis Smock (@TravisSmock) January 26, 2018
Bobo: If you lead with science you will loose your audience. We need to find ways to make food less scary. All of our food is full of chemicals. How we communicate that is very important. #LandExpo18 pic.twitter.com/1Ui9Q9d8Xr— Joe Murphy (@jmurphpix) January 26, 2018
Bill Northey is currently serving as Iowa’s Secretary of Agriculture. In late 2017, Northey was nominated to a USDA position, but a hold has been placed on his appointment. While at Land Expo 2018, the Secretary updated the crowd on that process, and shared statistics highlighting Iowa’s global leadership in agriculture. After his talk, we talked with the secretary in more detail. Watch his conversation with Mike McGinnis here.
Bill Northey now speaking at #LandExpo18: We are trying to be proactive on water quality. We took another step this week water quality funding. We are a long ways from where we need to be. But we are getting the dollars. pic.twitter.com/HIjCfELH0J— Iowa Soybeans (@IowaSoybeans) January 26, 2018
@BNorthey “I’m really proud of the breadth of support for improving #waterquality in Iowa. We’re a long ways from where we need to be, but the recently passed legislation represents a big step.” #LandExpo18 #FreeBillNorthey pic.twitter.com/Fs0ZT60GrF— Sean Patrick McMahon (@IowaAgWater) January 26, 2018
Former Secretary of Agriculture and Iowa native, Tom Vilsack addressed the crowd after lunch. He currently serves as the CEO of the U.S. Dairy Export Council. He spent much of his time talking about trade.
The core of the American #economy is dependent on food and #agriculture which is responsible for 43 Million jobs, 20% of our GDP, is the biggest economic sector and biggest share of US exports.” -Vilsack at #LandExpo18 pic.twitter.com/eefXX1npS5— Sean Patrick McMahon (@IowaAgWater) January 26, 2018
Vilsack says Kentucky Fried Chicken is so popular in China sometimes a reservation is required. #LandExpo18— Mark McMurphy (@noprzners) January 26, 2018
Vilsack: China and U.S. have a good relationship when it comes to agriculture. We need more of a partnership that helps China and grows demand for dairy. Agriculture shouldn’t be in the crosshairs during a trade war with China. We would all be negatively impacted. #LandExpo18 pic.twitter.com/cU3ZlMA70h— Iowa Soybeans (@IowaSoybeans) January 26, 2018
“We need to stay at the NAFTA negotiation table. Trade policy is at the center of agriculture’s future” Tom Vilsack at #LandExpo18— Matt Paul (@MattPaulIA) January 26, 2018
Vilsack: Canada needs to open market and have more transparency. NAFTA negotiability needs to eliminate artificial structures that impede trade. Above all we can’t walk away from NAFTA. #LandExpo18 pic.twitter.com/09uy3kjlNQ— Iowa Soybeans (@IowaSoybeans) January 26, 2018
Kevin O’Leary is an investor on ABC’s hit show, Shark Tank. He talked to the farmers, real estate experts, and investors about what he learned about marketing a commodity from a cupcake company he invested in. Investment and pitching tips were also part of his presentation.
Land Expo Keynote Kevin O’Leary: Farmers are the first entrepreneurs. There’s inherent risk in farming every single year and nothing you can do to mitigate that risk [except for our crop insurance safety net]. #LandExpo18 @kevinolearytv @PeoplesCompany @SBruere pic.twitter.com/GfqlxrQ2wT— Sean Patrick McMahon (@IowaAgWater) January 26, 2018
Shark Tank’s @kevinolearytv Top 3 Pitch Tips. 1) Articulate the opportunity in 90 seconds or less. 2) Convince prospects they are the right team to execute 3) Know your numbers and understand business models #LandExpo18 @PeoplesCompany pic.twitter.com/RPoctcu8Ld— Sean Patrick McMahon (@IowaAgWater) January 26, 2018
@kevinolearytv: Iowa is the only state where corporations can’t buy Real Estate Investment Trusts (REITs). Cap rates in Iowa are under 4% due to negative aspects of that law. I don’t believe the government should decide who can buy and sell land. That’s unAmerican. #LandExpo18 pic.twitter.com/cNcTsFSSQo— Sean Patrick McMahon (@IowaAgWater) January 26, 2018
Brian Forde of MIT broke down the basics of bitcoin and blockchain for attendees. Prior to his session, by a show of hands the crowd indicated they had interest, but little knowledge about the technology. The informative session was followed by a great question and answer period.
Interesting session from Brian Forde on Bitcoin in agriculture. #LandExpo18— davekurns (@davekurns) January 26, 2018
Lots of curiosity and questions in the #LandExpo18 crowd after the session on bitcoin and blockchain. How will it impact agriculture?— Natalina Sents (@Roots_Journey) January 26, 2018
Mark Dotzour closed the day with a speech entitled, “The Economic Outlook for Investors and Business Decision Makers.” He recapped the positive trends the economy has seen over the last 103 months. Dotzour also noted several situations around the world to keep an eye on as they have the potential to disrupt current positive trends.
The last three US economy recessions started when job growth dropped below 1% - Mark Dotzour #LandExpo18— Travis Smock (@TravisSmock) January 26, 2018
Don't let your personal opinions stain your business decisions, says Dr. Mark G. Dotzour at #LandExpo18.— Natalina Sents (@Roots_Journey) January 26, 2018