House Agriculture Committee Chairman Frank Lucas (R-Oklahoma) sent a memo entitled "Next Steps on 2013 Farm Bill" to the members of the committee on Tuesday regarding the process of passing this farm bill and the procedure ahead for conferencing with the Senate. As Chairman Lucas noted, there were more than 40 hearings, two mark-ups, 200 amendments and three years that went into the House bill. Regarding the split farm bill, the Chairman wrote, "...admittedly we have broken with recent tradition by sending the Senate a 'Farm-Only Farm Bill.' However, the vote last week was a critical step in completing the bill as soon as possible. The simple fact is we now have a vehicle with which we can put in place a formal process to send a final 201...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.