World Perspectives

Tax Changes for Agriculture Passes House

In a rare bipartisan move, the House of Representatives passed the Tax Relief for American Families and Workers Act last week by a vote of 357 to 70. However, the bill’s timeline and ultimate fate in the Senate is unclear at this point. Nonetheless, the bill as written has provisions specifically benefiting production agriculture.  First, the 100 percent bonus depreciation for property placed in service after 31 December 2022 would be restored. Effectively this would be retroactive for 2023 tax returns. It had previously been limited to 80 percent for 2023, and was to drop 20 percent per year until it reached zero (i.e., 60 percent in 2024, 40 percent in 2025, 20 percent in 2026 and eliminated in 2027). This allows farms to exp...

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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.

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