Farmers Pick Cash Some EU member states are pressing for budget reductions in Brussels, and that could factor into the current effort at reforming the Common Agricultural Policy (CAP). EU Farm Commissioner Dacian Ciolos is actually battling for rural development as he pushes back against farmers who are demanding that the second pillar bear the burden of any cuts. Pekka Personen, the head of the farm lobby group COPA-COGECA, reportedly said the direct payments to farmers are "more crucial than ever." Farmers appear to have prevailed in a similar spending fight over the U.S. farm bill and now we will see the relative influence of Europe's farmers. Brazil Skips Food Reflecting its primacy when it comes to producing food, Brazil's list of...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.