Congress will return to session after the August recess in the coming weeks, the Senate next week and the House the following week. They will be in session for a short time before adjourning in October for the November elections. The conventional wisdom in Washington is that the Republicans are likely to take a majority in the House, which, if that happens, means new committee chairmen. For the House Agriculture Committee, that’s Representative Glenn Thompson (R-Pennsylvania). Thompson was at the farm progress show in Iowa this week and was questioned about the upcoming farm bill. He was clear that he opposes an extension of the 2018 farm bill, but that means the process must move swiftly next year. If he becomes chairman, he intends...
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.