Whenever crop prices fall uncomfortably low, there are always those who argue that the U.S. government should return to some sort of supply management program.To state the obvious, food is essential to human well-being. Since food is so crucial, it is also inevitably political. Because essential food is derived from multiple kinds of agricultural production, politics and agriculture are unavoidably and inseparably intertwined. The subjects of food and agriculture are broad and diverse, and the politics of food and agriculture are equally so.The history of the relationship between agriculture and politics is as old as recorded history itself. In the U.S., it goes back to earliest colonial times. The "modern history" of U.S. food and politics...
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.
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...