World Perspectives
feed-grains soy-oilseeds wheat

The New York Times and the Farm Bill

"A Mediocre Farm Bill," featured in the Sunday edition of The New York Times, opined on the Senate's version of the 2012 Farm Bill. Just for fun, we took a look at some of the key points made in the editorial and added some context to the issues raised. The Senate farm bill "takes a [1] disproportionate whack from environmental programs, [2] needlessly trims food stamps and [3] does not fundamentally alter the program's bias toward relatively well-off growers of big crops like corn, wheat and soybeans."

[1] According to the Grand Forks Herald, "the Farm Bill that the U.S. Senate passed Thursday has drawn positive reviews from conservation groups." Conservation spending was the fastest growing section of the farm bill. Total cuts to...

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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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