Discriminatory Trade to Hit Ag The Inflation Reduction Act increases taxes and spending but also invites retaliation against U.S. agricultural exports. Agriculture and rural communities will benefit from a $40 billion allocation that boosts conservation spending, biofuel capacity, rural energy, plus forestry and fire management. But its preferential tax credits and domestic content requirements for solar and electric vehicles will invite WTO dispute settlement cases for violating rules against discriminatory treatment. The Act effectively imposes a 10 percent tariff on foreign built electric cars and batteries. Non-FTA trading partners like China and Europe are mostly impacted and will end up reinstating the 25 percent tariffs against U.S...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.