Of interest to agriculture, offsets for the cost of providing conservation assistance to private farm and ranch lands are included in the budget package.The House of Representatives is recessing today for the rest of 2013, so it passed a great deal of legislation yesterday that included a budget plan and a farm bill extension. The Senate is expected to ignore the farm bill extension, based largely on the administration's position of not planning to implement permanent law. It is likely to take up the budget next week with a much closer vote than the House.The budget package included a continuing resolution with the addition of the new provisions. It was a bipartisan vote, quite different from past efforts of the Republican leadership to try...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
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.