A coalition of agriculture groups has proposed paying farmers $100/acre to implement climate-smart practices. The total price tag of $40 billion a year is substantially above the amount proposed in climate legislation currently before the U.S. Congress and would have broader objectives than just carbon sequestration. The total amount of land used for crops has declined over time as productivity has improved. Concurrent with the reduced use of land for crops has been an increase in forested land, which is about double the area planted to crops. Land not in forests and not used for pasture or cropland has been relatively stable at about roughly double the amount used for crops. Roughly a quarter of all U.S. land is used for crops. The larges...
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...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.