Ag Subsidies Reform China and India are asking the WTO to immediately reduce the Amber Box agricultural subsidies that have been historically utilized by the rich countries but not developing countries. They call for addressing the asymmetry between the developed and developing countries. The latter should correspondingly call for removing the asymmetry in market access barriers between rich and poorer countries. There is no current asymmetry given that one group of countries uses direct subsidies and another group uses supply controls, each artificially propping up domestic farm income. EPA Disappoints U.S. EPA has proposed modest increases (see table below) in the required blending of the smaller-produced biofuels but has made...
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...