Inverted Farm policy Politics Farmers in the U.S. tend to be conservative and vote Republican. This can sometimes be perverse. The U.S. House Republican Study Committee has issued its guidance for the 2023 farm bill and it would slash support for farmers. It would eliminate the Price Loss Coverage (PLC) and the Agriculture Risk Coverage (ARC) programs. Farmers instead want the guaranteed prices in PLC raised. Crop insurance is most precious to farmers, but the Republicans would slash the federal subsidy. They would end the sugar and dairy programs, while removing USDA flexibility for CCC spending. In exchange for slashing $90.4 billion in farm spending, the Republicans would reduce regulation. These cuts won’t happen, and farmers wil...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.