Farm Bill Little to no progress has been made on the farm bill, souring hopes of finishing in early 2024. The fault line remains funding. Typically, over the years of past farm bills, WPI has viewed the concern over lack of budgetary resources as a red herring issue – there is always concern expressed that there is a lack of funding available, but a new farm bill is passed with increased funding for various programs. This year is a bit of an anomaly; the tensions over the budget are real, which led in part to the House removing then-Speaker Kevin McCarthy (R-California). Plus, there is the complication of allocating extra spending that is built into the baseline which came from the various stimulus packages, especially the Inflation...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
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.