Nudging Consumption Some in Europe are pushing to waive the VAT tax on fruits and vegetables to improve their consumption. There is also talk of increased taxes on sugary products. The use of taxes to nudge consumption is not 100 percent effective. High taxes do not discourage cigarette smoking in countries like Greece, Bulgaria, or France. But they did in the U.S. Germany has higher taxes on alcohol than the U.S. but has a higher consumption rate. Sugar is higher priced in the U.S., but consumption is still large. But subsidizing high caloric foods while taxing better nutrient fruits and vegetables likely makes no sense. USMCA as Model Some Republicans frustrated by the lack of free trade agreement negotiations are proposing that other...
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.