This past Wednesday the House Budget Committee passed its legislation to amend the budgeting process for the next two years (FY 2020 and FY 2021). The authority to establish the reforms included in that legislation comes as part of the House’s internal rulemaking powers. There are two key reforms. The first would raise the caps on discretionary spending that can trigger an across-the-board spending cut known as a sequestration. The current spending caps require Congress to keep 2020 spending at no more than 10 percent above 2019 levels. If that cap is exceeded, then an automatic $125 billion in sequestration could be triggered that year. The president’s proposed budget outline, submitted earlier this year, adhered to those caps...
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.