Congress hasn’t passed a farm bill on schedule since 1990, and now the agriculture committees want to pass the next one early.Congress hasn’t passed a farm bill on schedule since 1990, and that one was very short-lived. Here’s a brief recap of the past several farm bills.The 1990 version was signed into law in November 1990. It was quickly amended by the Food, Agriculture, Conservation, and Trade Act Amendments of 1991 and then further reshaped by the Omnibus Budget Reconciliation Act of 1993. The amended 1990 law was to expire in 1995, which was the era of the new Republican majority in the House and the party’s Contract with America. It was also when the dynamic of conservative budget hawks and establishment Republicans first made its way...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.