Told You So USDA’s ERS warned that the EU’s Green Deal Farm to Fork policy would lead to a decline in production but Brussels denied the negative impact and said it would have its own study. One was delivered to the European Parliament’s Committee on Agriculture and it pretty much says the same thing: farm income will decline by 3 – 28 percent, and up to a 42 percent drop for farmers that stick to their conventional practices rather than adopting higher paying organic methods. Ignoring the fact that all farmers going organic will commoditize the market into lower returns, there are other report insights that will be noted by Europe’s competitors. In addition to farmers reducing the use of inputs, the report s...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.