World Perspectives

Farm Bill: Next Stop is Conference Committee

The Senate passed the farm bill late last Thursday night by a vote of 86-11 with bipartisan support. In fact, more Democrats than Republicans voted for it.

The bill included a number of amendments to the original draft that were adopted en bloc in both committee and on the floor. Among the provisions of interest to clients are the following:

The Grassley amendment limits payments from crop programs to single individuals who are “actively engaged in farming.” It sets the standard at actual physical work and would disallow those owners who provide investment capital or other management contributions to the farming entity. The Heitkamp amendment allows the Market Access Program (MAP) to be used for Cuba. It was modified to d...

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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.

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