Macroeconomics Argentina In addition to its newly raised export taxes, Argentina’s new administration is trying to increase real estate taxes by between 15 and 75 percent, depending on the valuation of the property. Farms would be subject to the real estate taxes and large farms would, of course, pay the highest taxes. For farms over 2,000 hectares, the tax increase would be 75 percent, regardless of the farm’s productivity. Beyond the real estate taxes, some provinces are also trying to increase gross income taxes. Farmers are disappointed with the policy changes and, given the negative production margins they face, are starting protests and strikes that will increase in the coming days. Curren...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.