While the EU is developing a command-and-control approach toward making farming more climate friendly, the newly announced Biden Administration approach is more collaborative with farmers. Where Brussels developed specific targets for idling land and shifting to organic farming, all without any studies to substantiate the changes, the Biden Administration appears more focused on studying various farming approaches for their actual impact on the environment. The U.S. government will assist in the establishment of private markets to compensate farmers for carbon banking but will not itself create a bank. Washington intends to increase conservation technical assistance and bolster R&D spending on farming that is more protective of the clim...
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.