Brazil Progress, OECD Concerns Today’s joint statement by U.S. President Donald Trump and Brazilian President Jair Bolsonaro had some good news for American agriculture. Brazil agreed to create a 750 KMT wheat tariff-rate quota (TRQ) with zero duty and follow science-based standards in regulating imports of U.S. pork. The U.S. agreed to initiate an audit of Brazil’s beef inspection system as a prerequisite to allowing imports of its product. Both countries have larger trade opening ambitions, but Brasilia achieved its key objective, which is American support for Brazil’s accession to the OECD. If successful, Brazil would become the 35th member of what was once considered the club of rich countries. It would be the only d...
From WPI Consulting
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.