World Perspectives

A Look at MFP Payments Through the WTO and the Federal Budget

On 24 July 2018, USDA Secretary Perdue announced a $12 billion trade mitigation package that would be administered in three parts: Food Purchases and Distribution, Ag Trade Promotion (to supplement the Market Access Program), and the Market Facilitation Program (MFP). The latter, which will account for the bulk of the funds, would make direct payments to producers of soybeans, sorghum, corn, wheat, and cotton as well as dairy and hogs. Since the MFP payments were to be based on 2018 actual production, there were questions regarding how they would be reported to the WTO in terms of U.S. compliance with its Amber Box cap of $19 billion. At the time, USDA didn’t anticipate that this relief package would cause the U.S. to exceed that all...

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Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

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Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

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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.

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