Policy Whiplash A few weeks ago, and under pressure over food security concerns, EU Executive Vice President and Green Deal cheerleader Frans Timmermans relented and said the impacts of Farm to Fork will be analyzed. Now it is conceded that EU models confirm USDA’s earlier analysis about the impacts of F2F, it will reduce production and raise prices. No, the F2F reductions in pesticide and fertilizer use are said to be “aspirational targets” and not mandates. They will “adjust” to ensure no loss of productivity in the transition from old (bad) technologies to new ones. This seems like a much more reasonable approach than what was previously implied. Farmers in Germany and Netherlands are protesting the input r...
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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.