A Chicago Booth survey of leading economists found that expertise caused both an increase and a decrease in certainty about the actual value of breaking up the big banks. In short, consolidation is a complicated subject. Too Big to Succeed WPI has noted in the past that banks have become bigger at the same time policy makers and activists have decried consolidation in the agricultural sector. Now some U.S. presidential candidates have campaigned on the need to break up big banks, so it is interesting to note the perspective of economic experts on this subject. After all, like the general public, politicians are greatly subject to the Dunning Kruger effect in which confidence about a policy choice is strongest when knowledge is least, and...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.