The Biden Administration and Congressional Democrats’ $3.5 trillion budget reconciliation package has $135 billion slated for the Agriculture Committees to spend via those panels’ reconciliation instructions. Reconciliation is a process where the usually non-binding federal budget resolution gets teeth by instructing authorizing committees to come up with enabling legislation. (See our previous explanations here of the reconciliation process and how t was used to pass the Biden COVID relief package and by the Republican controlled Congress to pass the tax cut bill in 2017). The House Agriculture Committee is scheduled to meet at the end of this week to start marking up their portion of the reconciliation bill, but g...
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...