The Senate passed the President’s $3.5 trillion FY 2022 budget resolution this week by a 50-49 vote. Now Congress will turn toward implementing that budget with both new spending plans and new revenues to offset the new spending. The revenue raisers proposed under the President’s budget total $3.919 trillion over 10 years. Several of these revenue raisers would impact agriculture either directly or indirectly, including: Carbon Border Tax: This would raise $5 to $16 billion per year via new tariffs on carbon intensive imports through a complicated process of 1) requiring the Treasury Department to annually measure the costs that a few emissions-intensive U.S. economic sectors incur in complying with federal, state,...
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.