Taxes Despite the fact Argentina’s new government hasn’t made an official declaration, there are rumors flying about the new export taxes that are supposedly to be implemented. The strongest versions of the rumors suggest there will be a 35 percent tax on soybeans (versus 26 percent presently), a 20 percent tax on corn (up from 8 percent currently, and a 15 percent tax on wheat exports (versus 8 right now). With this plan, there will be an estimated $2 billion annually. However, other rumors suggest there will be a 20 percent tax on wheat and a 15 percent tax for corn. Under the latest budget law (2019), the government is limited to increasing export taxes by 30 percent on soybeans and 12 percent for all other prod...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.