World Perspectives

RAPP versus Exchange Rate

USDA is making another $300 million available to U.S. agricultural export marketers under the Regional Agricultural Promotion Program (RAPP). The program was launched in 2023 with $1.2 billion from the Commodity Credit Corporation and is in addition to other cost-share export assistance efforts. Farm groups complain that the strong dollar is hurting overseas sales, though the data is less clear on that point.   Based on data from USDA’s Economic Research Service, during the period 2001-2013 when the dollar was depreciating over 21 percent, U.S. agricultural export value rose 150 percent and there was a -0.9 correlation.  The agency has become more precise in its analysis and now delineates the dollar’s exchang...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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