World Perspectives

Karotousen in Miyazaki

G-7 farm ministers meeting in Miyazaki, Japan agreed on a communique with all of the usual window dressing. They worry about food security, the impact of the war in Ukraine, and they want to help developing countries. They even came up with a separate list of “Miyazaki Actions” that call for “diversifying supply chains by exploring ways to enhance local, regional and global food systems.” Somehow, they left out interstellar food systems. Who doesn’t want to diversify and enhance food supply chains? Maybe the G-7 members imposing trade restrictions. Japanese Agriculture Minister Tetsuro Nomura put a high threshold for outcomes from the Miyazaki Actions. He reportedly said it is expected to “trigger discus...

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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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