USDA Secretary Tom Vilsack has reportedly invited both the food industry and anti-GMO advocates to a meeting on resolving the labeling issue. Given their intense dislike of the technology and the apparent momentum they’ve developed, it is hard to imagine GMO antagonists lending any ground on the topic. Tack on GMO Labeling USDA Secretary Tom Vilsack has reportedly invited both the food industry and anti-GMO advocates to a meeting on resolving the labeling issue. Given their intense dislike of the technology and the apparent momentum they’ve developed, it is hard to imagine GMO antagonists lending any ground on the topic, and food manufacturers will not want to print skulls and crossbones on their products. The secretary fears the adverse...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.