Congress is back for the lame duck session, and the Representatives- and Senators-elect are in Washington for orientation. Wherever there is a group of politicians, there is a group of people jockeying for position, which in this case means committee assignments, chairmanships and leadership posts.On the House side, both Chairman Frank Lucas (R-Oklahoma) and Ranking Member Collin Peterson (D-Minnesota) are expected to retain their positions on the Agriculture Committee, but the subcommittees are not so stable. Even before the election, Rural Development and Research Subcommittee Chair Tim Johnson (R-Illinois) and Nutrition and Horticulture Subcommittee Chair Jean Schmidt (R-Ohio), plus Conservation Subcommittee Ranking Member Tim Holden (...
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.