USDA Chief Economist Dr. Joe Glauber

USDA's Chief Economist Dr. Joe Glauber joins us this week on Agri-Pulse Open Mic to discuss the drought that's dramatically cutting yields across the Midwest and how high participation in the crop insurance program in that region will protect many farmers from a total financial loss. Glauber, who oversees the World Agricultural Outlook Board, also talks about recent changes in the USDA's supply and demand reports, the potential implications of farm program changes included in the Senate and House Ag Committee versions of the 2012 farm bill, and export opportunities in the Trans-Pacific Partnership trade talks.Dr. Joe Glauber