Over the intense green vegetation hangs a warm mist. Scattered through the black-soil fields are wet patches and puddles of water. Deep gouges and scars attest to stuck tractors and failed ploughing. The corn is not yet sown in many fields for they are too wet.
An old Iowa implement’s man told me that the winter was the worst in fifty years. Excess snow and ice collapsed the roof on to his valuable tractors and I can attest to the dents and dings that cost the insurance company.
He told me too that the time is nearly past when the corn must be planted if they are to avoid the coming winter frosts. He said there is time until late June to get in the soya beans, but when will it dry out? And when will the sun come to warm the corn and beans already in the ground and pitifully struggling up at a time of the year when in the past I have seen the stalks tall and strong?
I know these observations that I made today as we drove E44 from Keystone to Elberon, Iowa have nothing to do with investing in mining. But maybe on the theory that all things are interconnected they do? For if the corn harvest is affected and food prices go even higher or the economy is further affected, the value of mining product may change.
Or the fate of the corn harvest may decide how Iowa votes in the presidential election and that may affect the outcome of the Obama versus McCain spectacle. And I suspect the impact on mining will be different depending on which candidate wins.
A wise lady with whom I had lunch rejoiced that Hillary is not the candidate, and to my surprise said wait until Obama comes to see farming move. But I did not press her to determine which way farmers would move if the crops failed and farm bill handouts were threatened.
I do not know now how mining will be affected by an Obama win versus a McCain win. Obama has been told to support mining by none other than the democrat from Nevada, Harry Reid. Would anybody dare tell McCain to toe the line thus?
I suspect the only way to determine what the mining industry thinks would be to examine how much money the industry has contributed to each politician so far. But as a mere investor that is impractical. So I can do no more than end this farming, come political piece by wishing you good investing in mining ventures outside the USA until it is clear when the corn will all be sown and who will be president.