More than two years after the passage of the Tax Cuts and Jobs Act (TCJA) of 2017 the so-called Grain Glitch problem is still a hotly debated provision expected to come up tomorrow when Treasury Secretary Mnuchin testifies before the House Ways and Means Committee. Several letters have been sent from Capitol Hill to Treasury and the Internal Revenue Service (IRS) regarding the issue. Here’s how we got here. The new tax law provided a 20 percent deduction from income earned by a “pass through” business. “Pass through” refers to small and medium-sized businesses organized as sole proprietorships, partnerships, and S corporations, which “pass” their business income through from the business&rsqu...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.