President Obama will submit his FY 2013 budget proposal to Congress on 13 February, one week late. The first Monday in February is the deadline for the president's budget proposal, and it likely won't be the only one missed this year. However, on time as always, CBO last week released its Budget and Economic Outlook FY 2012-2022, also known as the budget baseline.With regard to agriculture, the report indicates that mandatory spending for agricultural support was $15 billion in 2011. If current farm programs remain in place after the 2008 Farm Bill expires this year, this amount is projected to average $16 billion each year between FY 2012-2022. CBO's expects spending would dip to about $13 billion in 2012 "largely because of changes in the...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
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.