Crop insurance is under fire after making up for the losses of a few years ago - just in time for a record hurricane season to hit.As last reported (see Ag Perspectives, 8 September), a continuing resolution was passed by both chambers of Congress that will fund the U.S. federal government and suspend the limit on federal borrowing until 8 December. In the meantime, a long-term solution to the debt ceiling and all the appropriations bills must be developed and passed. Current plans are for the House of Representatives to consider an omnibus spending bill that would fund the government for 2018.Crop insurance spending, however, is a target during the upcoming budget and appropriations bills negotiation. In the House, Representative Earl Blum...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.