Geographical Disadvantage Political correctness has turned English political economist David Ricardo’s comparative advantage theory on its head. Instead, we have the contention of “geographical disadvantage” and the need to subsidize the errors of the otherwise immutable Mother Nature. How else to explain the perspective of today’s global agricultural policy makers? The U.N.’s Food and Agriculture Organization informed G7 health ministers this week that over half the world’s population will suffer some form of malnutrition by 2030 unless urgent action is taken. The agri-finance lender Rabobank then announced that Asians will become wealthier, but they will still not have access to food due to its limits...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.