The Senate Budget Committee is scheduled to pass its FY2018 budget plan tomorrow; and the House may take up its budget blueprint this week too. What does that mean for the 2018 farm bill?The Senate Budget Committee is scheduled to vote on its proposed fiscal year 2018 budget resolution tomorrow. Of course, once the panel adopts its fiscal blueprint – assuming it does – that resolution must also pass the full Senate. Then, it must be considered in conference between the Senate and the House with the House’s own version of the budget. The House Budget Committee passed its budget resolution back in July; the full House is likely to take up that legislation this week as well. The deadline for Congress to finish a budget, appropriations, and a d...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.