World Perspectives

End of the Year Policy Quick Hits: Farm Bill, SAF, Fertilizer, Government Funding

Farm Bill Little to no progress has been made on the farm bill, souring hopes of finishing in early 2024. The fault line remains funding. Typically, over the years of past farm bills, WPI has viewed the concern over lack of budgetary resources as a red herring issue – there is always concern expressed that there is a lack of funding available, but a new farm bill is passed with increased funding for various programs. This year is a bit of an anomaly; the tensions over the budget are real, which led in part to the House removing then-Speaker Kevin McCarthy (R-California). Plus, there is the complication of allocating extra spending that is built into the baseline which came from the various stimulus packages, especially the Inflation...

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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.

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