World Perspectives

State Directed Meat; Living Space

State Directed MeatUSDA has been issuing loans and grants to startup livestock businesses with the goal of diversifying the industry, providing producers with more options, and lowering the price of meat. Now Pure Prairie Poultry of Minnesota, a beneficiary of $38.7 million in loan guarantees and $7 million in grant funding has declared bankruptcy. Congressional Republicans want to investigate the criteria for receiving funding, and USDA’s oversight of the use of such funds. USDA Secretary Tom Vilsack has responded by saying, it’s an “unusual circumstance, an unfortunate circumstance…We look at all of our loans, and a really, really small percentage of loans sometimes don’t make it … the default rate is very, very low.” The point the Republ...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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