World Perspectives

How Will You Spend Your CFAP Payment?

USDA sent a reminder out to growers and producers today that there are two weeks left to apply for CFAP payments. As of Monday 24 August, there have been 557,592 approved applications and $9.222 billion dispersed from the $16 billion budget. But also this week, USDA Secretary Perdue indicated that a second round of payments will likely be unveiled after Labor Day weekend. Whether it is an extension of the first round, or a broader or differently structured program remains to be seen. Given the approaching election, we can safely assume there will be new commodities eligible, probably including biofuels. Payments to date include $466.85 million to soybean growers and $1.634 billion to corn growers. Payments made by states for program crops,...

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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.

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