World Perspectives

Budget Baseline and the Farm Bill

Today the Congressional Budget Office (CBO) released its 10-year (2019-2028) baseline projection of the federal budget. The document is usually issued in January, but it was published late this year because the CBO wanted to incorporate the impacts of the following: Tax Cuts and Jobs Act (enacted 22 December 2017) Bipartisan Budget Act of 2018 (enacted 9 February 2018)  Consolidated Appropriations Act (enacted 23 March 2018)  The CBO typically issues these  projections three times per year: January, March and August. They forecast the costs of existing federal programs, assuming that such policies stay in place for the duration of the baseline’s timeline. When new legislation such as the farm bill is proposed, t...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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