Farm groups are urging the Senate to also address an estate tax repeal, and Senator John Thune (R-South Dakota) has introduced a companion bill to the House version.The U.S. House of Representatives passed a bill 17 April (240-172) to rescind the federal estate tax. The Joint Committee on Taxation estimates the repeal will cost the federal government $269 billion over the next 10 years. As we reported earlier in the year, the Obama administration proposed raising the estate tax rate to its 2009 levels as part of the president's budget submission to Congress. This would undo the provision passed in 2012 to make the estate tax rate permanent. The 2009 levels included a $3.5 million exemption and a tax rate of 45 percent for transfers above th...
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
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.