WPI Spotlight

  • August 24, 2017
    During his presidential campaign, candidate Donald Trump often characterized the 23-year-old North American Free... NAFTA Renegotiation Begins
  • June 20, 2017
    Farmers in India want the Swaminathan Report recommendations implemented, including the suggestion that Minimum... Loan Waivers and MSP Issues in India

Spotlight

Outbreak may lead to deficits in beef, pork, and poultry

The Korean Government has ordered the culling of deer, goats, swine and bovines per an outbreak of foot and mount disease. Total cull is more than 1.3 million head. The first case was verified on 29 November and the cull has been taking place for the past 30 days. To date, more than 112 cases have been confirmed. Korea was hit with FMD in 2000, 2002, and two more times in 2010. Before the latest set of outbreaks, Seoul had used vaccines only once, in 2000. Korea starting vaccinating on Christmas Day, 25 December, and has plans to vaccinate 2.15 million head of livestock.

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Brazil's Palm Oil Expansion is set to begin

We have long predicted that Brazil would one day decide to get into palm oil production in a big way. It has a huge amount of land along the Amazon River that is located near the equator and ideally suited for oil palm production. With rising global demand for palm oil for food and biodiesel it made sense for investors to expand palm oil production in Brazil.

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New Pollution Technology Includes Higher Costs

High commodity prices mean farmers have the capital to invest in new equipment. John Deere stock is up 70 percent from its 2010 low and AgCo stock has nearly doubled. But Energy and Environment Daily is reporting that some farmers are being steered toward the used equipment market by EPA's Tier 4 air pollution standard. The agency forced all new, off-road diesel engines to produce fewer nitrous oxides. This is added cost to the tractors; just as consumers balked at low flush toilets and now energy efficient light bulbs, apparently some farmers have decided not to add the risk of the new air pollution technology to their portfolio.

A Debate with Several Potential Outcomes

With a farm bill more than a year away, there is a looming Congressional debate that may pre-empt portions of the farm bill. That debate is the Congressional action needed to raise the debt ceiling; it will come in March 2011.

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Imprecision in defining the problem leads to crude solutions

The intellectual disconnect between policymakers and the fundamentals of global agricultural commodities gets scarier and scarier. This week's example is an op-ed in Thursday's Financial Times by World Bank President Bob Zoellick. The piece had to have been written by some cloistered public affairs staffer at the Bank because Bob Zoellick is too smart to have written such dribble.

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Progress Made toward allowing Mexican Trucks on US Roads.

Fifty-four U.S. agricultural products worth $1.7 billion probably have good news with the announcement that Transportation Secretary Ray LaHood has finally produced an "initial concept document" for resolving the Mexican trucking issue. DoT emphasizes that it is just a concept without specifics and thus is subject to many revisions, but there are plenty of specifics.

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WPI Spotlight

  • August 24, 2017
    During his presidential campaign, candidate Donald Trump often characterized the 23-year-old North American Free... NAFTA Renegotiation Begins
  • June 20, 2017
    Farmers in India want the Swaminathan Report recommendations implemented, including the suggestion that Minimum... Loan Waivers and MSP Issues in India