Plus prizes easing in many parts of the world. So is the fight against inflation turning the corner and well central pines come to Interest Rates soon. The welcome became income boys have tracked as loaded with fruits and vegetables. Thousands of farm is around the world, feels a took to the streets in recent weeks from italy to india. That grievance is uh, re, by country. But this one Common Consent pharmacy they comp make ends meet. They blaming red tape, Climate Change policies, cheap impulse of high cost, and that putting pressure on their respective governments to improve their livelihoods. Actually, im of it. Triples farmers across europe are protesting, demanding better prices for the prod, use, and restrictions on cheaper imported goods. In the middle get, the 1st thing the government has to do is eliminate the bureaucracy to give us facilities and control form products. So they have the same Health Conditions as those from here, you may not be. The unrest began in germany after cuts dogwood, cultural diesels, subsidies impacting the sector employ under a 1000000 people. Similar demonstrations in spain, poland, and france. Coal for improved Living Conditions and protection against unfair competition. Despite the allocation of up to 240000000000. 00 for supporting farmers, many say existing regulations dont benefit growers. They also criticize the ease environmental regulations and the blocks Common Agricultural policy or cap or favoring large corporations. Can get that in one of the c, a p that we have now has so many bureaucratic steps that we cannot manage to comply. We need an Agricultural Policy. The truly adapts to the fall of his needs and allows for profitability. Protests extend beyond to europe with farmers in india, the u. S. And brazil expressing grievances over issues like that price volatility and Climate Change impacts hello did. If the government fulfills or demands, we will go home. We have no intention of living here on the road. Weve been living, eating, and sleeping on the road. You know that its not easy to get out of our homes, especially for women. Lawmakers have attempted to address farmers concerns by offering concessions, but they have been deep, insufficient. Many say Financial Aid alone and complex regulations. They have to address the deeper challenges, faced by farmers axles, im gonna reach out to 0 for accounting, the cost spell. Joining us some type of agent in denmark is allan matthews. Hes a professor of european Agricultural Policy in the department to beacon nomics at Trinity College in dublin. Mister matthews, welcome to counting the cost. I mean, fob is across europe, have historically been unhappy with legislation, the impacts on their ability to produce enough for them to make a decent living. Why is the same with discontent across certainly the european continent right now. As your report highlighted, and very often the spark of these products in Different Countries is quite different. But there is this common theme of dissatisfaction with low prices and low incomes. And to some extent, thats not a new issue. I think one of the added perhaps, to the protests on this occasion is this growing sense of insecurity and vulnerability because of the, at the very, very but weather conditions weve also experienced in europe. So at this great feeling of insecurity, will there be a harvest at the end of the season or not . I think that is also driving some of the fears behind the farmer protests was it until about Climate Change in the basement . Can just talk about the politics of it to start with because for example, um the u. K. Election is pending in 2024 as are you elections in june . A late to this year solve a seems to be Getting Better organized in making that protest loud and visible. How important are they in terms of organizing and ill be getting quite savvy about this. I think youre right and to highlight the fact that the seats and the Election Year and in many and, and the obviously for the you are being a part of month in the, in the number of the individual youre being companies. But also in other countries in india, for example, later this year. So clearly if you have a grievance at now is the time to raise your voice because you have the opportunity to influence the composition of the incoming at parliament and potentially government. So i do think the, the fact that there are elections is an issue behind the, at the convergence of protests in many Different Countries. Do you think it also doesnt look a bit doing that because without sob as you and i and billions of others around the world, dont eat it. Is of a trust deficit right now between fathers and legislates is what i, i think the products it says demonstrate that both its, its hard to sometimes see the rationale for the protests. If you actually look at the figures as for example in europe at the last 2 to 3 years and have actually been years of record higher incomes for farmers despite and the impact of the russian invasion in ukraine and high energy prices, high fertilizer prices actually produce surprises increased even more. Now thats not to say that the farmers looking ahead at are not facing into a period of following prices and an entire costs. But just at this point in time, actually incomes, at least in europe, have been quite bland. And so you then look at some of the other issues that have been raised to the environment to uh, conditions that are sometimes attached to payments and the increased regulation. The rising from, you know, with a very serious environmental challenges which we become increasingly aware of in europe. So its not just income. And these, as you at highlighted in your report also at to do with the Regulatory Environment in which farmers must operate some government. So saying that they all making concessions to make the livelihoods of farmers more amenable. Yet, there are policies that are put in place and constantly blamed by families who then adopt. It feels like both sides are moving their own set of goal posts, but those goal posts on to aligned when we have seen and in response student protests is some role in the back of some of the environmental conditions, which is Eastern Europe have recently been introduced we just had a reform of that coming i regards to the policy that you mentioned in your report and, and that is just being ad and introduced in fact at that earlier last year. So were, were now in the 2nd year of this reform period, but already a number of the in the, the innovations, a number of the changes in the farmers were asked to adopt to being, being rolled back as, as, as a response to the protest. And some of the regulatory initiatives which um and your Team Commission had proposed to address, for example, at the use of pesticides in the agriculture it to set aside an increased area of plans for, for nature to ensure that we restore some of the by diversity which we are losing and that these, these budgets have also be neither withdrawn or, or water down. So there are indeed has been a response. On the regulatory side, i would say that in europe a particular problem is that and the combination comes with the policy is funded from the european budget. And your vin budget is very at restrictive in its ability to, to increase those transfers. The budget is set on a relatively dont at period for 7 years and its, its actually brother, inflexible. So the possibility to address some of the farmers concerns and by, you know, increasing the transfers which are already quite significant. This course is very limited at the present time, so this is why i think we see the, the focus being push on a rolling back. Some of these environmental regulations in an attempt to show that the governments are aware of the, the concerns that are being express matthews from Tennessee College in dublin, joining us from copenhagen. Thanks so much for your time, sir. So some of the called is known as green gold in mexico to coffee. The latin american nation is amongst the wills leading produces index, voters of food products, much of its properties goes to the United States. The Agriculture Sector is one of its main drivers of Economic Growth, but found the space a range of challenges amongst them, folding great prices and threats from drug cartels. I spoke to the secretary of agriculture, victor villalobos. I am beula during his visit to go home and started by asking him how his government is tackling these concerns. A while, let me mention that you, you raised an initial relate. The thing that was on the sea level is the most important mistake that we did for the use. And i would say the highest proportion of the corn, which is the staple food for mexicans, and until always fading, bought them to the state. So they, they profess because of the price of corn, and of course they want to receive more support from next week on the federal government. So what we do, we provide assistance to the farmers, particularly it is more fundamental, which is part of our policy. How we can enhance the productivity of the same time that the race is found that are leaving the particular the presence of this motor farmers. And of course, you know, so it just crow price that says that thats that problem in a place like send a low in the state. Extortion gains drug cartels also not the problem but they face and the day to day lives and trying to end the living and trying to get through life itself. Yeah, well thats about, thats the best part of the information they used to be in public on the yes, we have some problems. The insecurity in particular with the farmers on the, when they are trying to sell their products. But then, you know, in terms its located in some regions, particularly domains on seeing a low, i guess, but uh, but the, you know, the terms, uh, how many countries growing, uh, the production of these, increasing the roles of mexico plays. Uh no. Just wanted to sustain the foot security of mexican society, but also we export products to a 191. 00 country products before i get the card. Sure, so uh it does um on this for this, um, i mean formation that these, the localized but the, but this is not affecting the dental. Uh, because triple, thats something you do explore it as you say, but you also impose as well. And theres a big debate going on, we will have your largest trading partners to the knolls, and thats the us and is always a genetically modified seed. And in this particular case, cold wherever its like conversation right now with the us. We, um, im so sufficient for the white corn for human consumption. Wed reliability much on the importation of zillow park, but zillow con, in, in United States is the genetically modified last year with the discussion in the discussion. Because we have to think in terms of mexico, us a sense of a forwarding and osborne and center of the genetic value to which vacation. So there is a lot of social interest to keep a mexican corn, a free of genetic modified. Um albany is most particularly cool and so we import and we will continue important because is not the is it no longer an issue . It is something that we continue the composite of the import export. So the concern is that there is no it for mission to eat bored. Why going for human consumption . But things next week. Were so sufficient, though. So this is not the nature of this field is still there is how primarily waits a. We anticipate that theres going to be sold there. Lets talk about impulse and export because you know they was the north American Free trade agreement originates what 1994 is replaced under President Trump in the 2018 the us and ca, with you and kennedy are involved. How is that going . Well, it is going very well, let me just mention that particularly natalie co term. Now we are the for the 1st provider of foot. So United States in terms of particularly perhaps food groups and title the needs. So it, we enjoy the need to but i appreciate very much or as little industry on and we are somehow gradually integrated on north america markets in which a kind of the United States or mexico. I mean, the great the, the in the order to guarantee for production for north american countries. But also its very interesting to say that we are gradually, is like, playing more the more Important Role as a foot provider for the rest of the, of the, of the war. Yes, you are a minister, you a part of the Mexican Government that obviously sees whats going on around the world. Mm hm. And you wouldnt be blind to whats going on in europe right now. Farm is on the streets, whether it be in the United Kingdom and france and germany complaining about the price, the getting for that products. Yes. As you had and the government has in mexico to a president ial election later this. Yeah, yes. How important is it to understand the problems of the fob is in mexico because as i said at the beginning of this interview, they were a huge vote bank on the boat bank, the mexican politicians consulting . No. Yes. Well thats a good point. Uh well, since um, as a 2nd satisfied the culture of mexico, of course we werent very close with the army because from pharmacy in new mexico, we have the one on the dissipate and the problem as long as we can guarantee adequate prices. We can continue providing assistance, we can help them with the Different Services that we have already in place. And thats uh, something that the, even the in the new administration that eventually we, we would take over the forks of silver. We dont anticipate any, any problems. So we would continue in the way that we are being doing on as, as us. I would like to say that the now, nowadays, mexico is or is enjoying a very important position worldwide. As a foot provider, us, we are the 12 of the country that produce the foot full on. As i mentioned, we guarantee is sales sufficiently for, for makes, it comes on scifi. But also we are enjoying the, the, the exportation on many agriculture products. So i dont, i dont see any, any problem with the new administration. We continue with the same path. We shall see what happens that administer victor approval from next. Okay, thank you so much me to start the place or 3 here. Thank you very much. From new 0 to a 2300 Us Federal Reserve has raised Interest Rates at the base of rapid pace and mold in full decades to Team Inflation and symbols. In 2 years, Central Banks around the world have done the same. The price isnt the easing, and most Major Economies investors in buying is asking when Central Banks might start to reduce those rates. Well get to that with, ill guess, show the but 1st, how the Interest Rates work. And why did they match the as well when Central Banks increase Interest Rates, borrowing becomes more expensive. People start to save more and spend less on demand for goods goes down, eventually costing prices to drop, but not hits. Barbara was as credit like credit loans, call loans, mortgages and credit cards become costs via, for example, credit cards rates in the us as an old time high with americans owing more than 1. 00 trillion dollars. High Interest Rates also worried governments because they slow economies. Central banks have been trading a very fine line between raising rates and not pushing the nations into a recession. Like many of the Central Banks, the us of the reserve is aiming to keep inflation at 2 percent. Can see the price of social play from the peak of 9 point one percent in 2022, but a still above the target. Now, inflation is slowed. Federal officials have cut rates study at between 5. 25 and 5. 5 percent since july. The European Central bank Interest Rates have records of full percent and september and hasnt been changed since then. The bank of england also held rates of 5. 2 percent. So when will central bank start cutting rates . To discuss that, while im joined now from london by greg swenson, hes a Founding Partner at the match and thank break because im ready to be here. Thanks for having a good time for you with us, greg. Its, its a difficult one. Is it . For 2024. 1. 1 does. Central millions of others to around the world. What Interest Rates are going to fall if they fall in the tool . Its a, its a really difficult challenge for these Central Banks because the inflation while its come down, the rate of inflation has come down significantly. Its, you know, inflation is sticky and its still above the targets in those places. And so they have a real challenge here. They dont want to, they made mistakes, a significant mistakes in the last few years by waiting too long to raise rates. So they have a bunch of which is the market right now. Looks like its indicating that the European Central bank will, will cut rates in june as well as the fed in the us in june and the bank of england a little later and markets indicating that theyll cut in august. So i think thats too late. I think theyre being too cautious. Again, they were stung by the mistakes of 2021. So now theyre being really, theyre, theyre really afraid to,