Summary of 2019 Mitchell County Ag Breakfast

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00:00:00 - 00:40:00

This video discusses the importance of workforce development and capital in rural communities. It also discusses how Mitchell County is working to develop an entrepreneurial spirit and attract talent from surrounding communities.

  • 00:00:00 The Metro County Economic Development Council (EC) is recognizing Mitchell County with an award for its efforts to maintain a healthy economy and keep vital communities thriving. The EC is also recognizing the importance of manufacturing and agriculture in the county's overall success.
  • 00:05:00 Dr. Edelman provides advice for rural entrepreneurs, highlighting the importance of collaboration between counties. He also discusses the challenges rural communities face, including a lack of available workforce and a shortage of housing. He thanks Darnell and Ivan for their hospitality.
  • 00:10:00 In 2019, Mitchell County had a parcel day, the first full day of spring, and the weather is turning green. Sheriff gives observations on rural development, entering the retirement phase of his career, and the importance of keeping eyes on mega trends. GDP growth is strong, unemployment is slow, and interest rates are low. Inflation is low, but the budget deficit is affecting agriculture. The national income accounts show that 70% of Mitchell County's economy is consumer driven, 10% is business investment, and 20% is government.
  • 00:15:00 The video discusses the importance of consumer policy, which is especially important in the agricultural economy. The presenter explains that, due to population growth and climate change, consumer preferences are changing rapidly, and this affects the economy as a whole. The presenter also talks about the importance of exporting and importing, which are important in the overall economy.
  • 00:20:00 The video discusses the changes that are happening in the U.S. food industry, specifically in regards to food production and climate change. The presenter discusses how large corporations are becoming more involved in the food industry, and how this is resulting in different food production standards across the country.
  • 00:25:00 The presenter discusses the research they conducted on entrepreneurs and their communities. They found that, while all communities had plans and goals, those in fast-growing communities were better coordinated and had more successful businesses. Additionally, locally owned businesses had a multiplier effect on the local economy.
  • 00:30:00 This video discusses the top priorities and challenges facing rural communities in Iowa. The top priorities include broadband and housing, and the challenges include the loss of basic industries and agriculture. The video also discusses the importance of having an ecosystem that supports entrepreneurship, and how Mitchell County is working to develop an entrepreneurial spirit.
  • 00:35:00 The video discusses the importance of capital networks, rural entrepreneurship, and creating a workforce that fits the megatrends. It discusses how Iowa created a project to help rural businesses find capital and how the community has been successful in attracting talent from surrounding communities.
  • 00:40:00 The speaker in this video discusses workforce development and how it is important to make sure the capital is available for the right opportunities. He also discusses the importance of home work, networks, and teamwork in order to achieve success. The speaker also discusses the future of Mitchell County and how population growth and innovative activities will dictate the story that is told in 40 years.

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