USDA extended the contracts for a second round of the Food Box Distribution program last week; the new round will run through 30 August. There were 205 contracts awarded; 189 were extended, 11 were not extended based on performance, and 16 new contractors were added and awarded with an additional $202 million in contracts. This round might be the end of the program as the $3 billion budget that was reserved for 15 May through the end of 2020 will be almost all used up. By the end of this second round, $2.68 billion will have been spent. According to USDA’s Agricultural Marketing Service (AMS), the agency “may elect to extend the period of performance of the contracts” to use up the $330 million that would remain on 1 Sept...
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.