Aging farmers and the myth that we’ll run out of them continues to be a media favorite story. The latest involves worry over attracting young people to the profession in places like Africa. Post-Brexit Ag Policy Britain receives back about 23 percent of its membership fee to the EU in the form of CAP payments to its farmers. Despite those payments amounting to over half of their income, these farmers have long complained about the oppressive rules and restricted markets that are attached. There is recognition that farming is risky, and it would become even more so if the subsidy ends. Still, some insist that any continued payments be directed at societal goals such as green space enhancement. Truthfully, resources need to be directed at m...
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.