USDA announced this week that more than $7 billion will be paid out in farm support payments under the new ARC and PLC programs versus approximately $5 billion last year. Perhaps the only good fiscal news for the next farm bill is that SNAP is forecast to have a decreasing baseline of spending.USDA announced this week that more than $7 billion will be paid out in farm support payments under the new Ag Risk Coverage (ARC) and Price Loss Coverage (PLC) programs versus approximately $5 billion last year. These programs replaced the Direct Payment program, which operated under the previous farm bill and cost about $5.2 billion annually. Based on the latest Congressional Budget Office (CBO) data, farm and conservation support payments are the fa...
Key Takeaways: Lamb and goat tariffs protect market share, not prices. The flock is too small to respond quickly, and the burden depends on origin: 12.5 percent on Australia and New Zealand, reportedly 37.5 percent plus the base rate on China. Wool is most exposed via the export side. The U.S...
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.