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: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.