USDA Secretary Tom Vilsack reportedly is asking farm groups how many farmers and how much farmland have gone away since 1981. He then cites the number of farmers lost as 437,100 and farmland as 141 million acres. He’s asking farm leaders if they are “okay” with those losses? First, farm groups should tell Secretary Vilsack that he’s the leader of their pack and he has thousands of experts working for him at USDA. How many farmers and how much farmland does he think there should be? Does he think the Biden Administration’s environmentalist supporters want 141 million acres brought back into production? Does he think farmers should forgo technology in order to justify boosting their labor share by 50 percent?&nbs...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.