Farmers Pay the Price Argentina is giving assurance that it will make payment on its IMF loans, but it will not be easy. Inflation is soaring and the peso is depreciating, making dollar-based payment challenging. Farmers in Argentina fear that the result will be increased export taxes on their production. This perception increased when President Alberto Fernandez selected Silvina Batakis to replace Martin Guzman as Economy Minister. Batakis is closely aligned with current Vice President Cristina Fernandez de Kirchner, and she had pushed for higher agricultural commodity export taxes when she was president during 2007-2015. If Batakis is to achieve the fiscal balance he pledged to achieve, there are few more reliable tax sources in Argentin...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.