The Senate Appropriations Committee not only ignored the agricultural budget cuts recommended by the White House, but it ordered USDA Secretary Sonny Purdue to restore a position he had cancelled. Cotton War The Senate Appropriations Committee responded to the whining of the U.S. cotton industry and may give it a new $1 billion program on top of the $300 million ginning cost share program added last year. The proposal has at least three problems: By designating cottonseed eligible for the oilseeds provision of the Price Loss Coverage (PLC) subsidy program in addition to the lint insurance subsidy program in the 2014 Farm Bill, other groups will be encouraged to seek similar double-dipping in the future. For example, corn could propose th...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.