New York Times reporters investigated the operation of the Common Agricultural Policy and reported today that it is used for “corruption and self-dealing in Central and Eastern Europe. Basically, land sales and consequently the payments that go with them are manipulated by political leaders in former Soviet Bloc countries. This may explain part of the push in Brussels to shift payments away from large farms and toward societal outputs such as environmental benefits and employment. However, it would also argue against the push in CAP reform effort to allocate more decision-making to capitals. In a correction to our conclusion (see Ending EU’s Big Ag) that shifting support away from scale would “end the EU’s day...
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.
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...