Crop insurance baseline spending cuts are to occur over several years and come from a 10 percent reduction in all policies containing a “harvest price option” and from reforms to coverage for prevented planting that have been previously proposed.The White House released President Obama’s FY 2017 budget proposal today. The plan calls for $3.95 trillion in spending and estimates $3.33 trillion in revenues, which would lower the deficit from an estimated $615 billion in 2016 to $503 billion in 2017. Both projections are greater than the $438 billion deficit recorded in 2015.The fiscal blueprint is based on the assumption that real gross domestic product (GDP) will grow at a 2.6 percent rate in 2016, which on a year-over-year basis is both slig...
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.