The Senate passed the President’s $3.5 trillion FY 2022 budget resolution this week by a 50-49 vote. Now Congress will turn toward implementing that budget with both new spending plans and new revenues to offset the new spending. The revenue raisers proposed under the President’s budget total $3.919 trillion over 10 years. Several of these revenue raisers would impact agriculture either directly or indirectly, including: Carbon Border Tax: This would raise $5 to $16 billion per year via new tariffs on carbon intensive imports through a complicated process of 1) requiring the Treasury Department to annually measure the costs that a few emissions-intensive U.S. economic sectors incur in complying with federal, state,...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.