World Perspectives

House Farm Bill Draft Commodity Program Proposals

As we reported Monday, 13 May, the full draft of the House Agriculture Committee’s farm bill was expected to be released today, and it was. Following are some key details on crop programs in the House bill.  First, the Ag Risk Coverage (ARC) payment guarantee is increased to 90 percent, from the existing 85 percent, of benchmark revenue. And the payment rate will be 12.5 percent of the benchmark revenue, increased from the current 10 percent. ARC-CO program payments are triggered when the actual county crop revenue of a covered commodity is less than the ARC-CO guarantee for the crop, i.e. the benchmark revenue, which is the five-year Olympic average market year average price multiplied by the five-year Olympic average county yi...

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Dec 25 Corn closed at $4.17/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.15/bushel, down $0.0525 from yesterday's close.  Nov 25 Soybeans closed at $10.2525/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.8/short ton, down $3.2...

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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.

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