Another government shutdown is looming; WPI’s contacts on Capitol Hill and around Washington are all predicting a shutdown is more likely than not. The non-partisan Committee for a Federal Responsible Budget puts the chances of a shutdown at 90 percent due to lack of time – the fiscal year ends at 11:59 pm on Saturday. First, what does it mean for USDA? That’s not entirely clear yet. All agencies are required to submit contingency plans for a lapse in funding by 1 August every odd numbered year (which would have been about 60 days ago). Those plans are submitted to the Office of Management and Budget, where the final determination is made, and those plans are then posted. As of this morning, the plans for all...
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.