Late Friday afternoon, Chairman John Boozman (R-Arkansas) released an updated draft of the Senate farm bill. The farm bill markup is scheduled for Thursday, 6 August at 9:30 a.m. Eastern time. Boozman has been negotiating with Ranking Minority Member Senator Amy Klobuchar (D-Minnesota) to craft a bill that would draw bipartisan support. Due to the Senate rules regarding the filibuster, the farm bill will need 60 votes to pass. Boozman issued a statement indicating that the draft farm bill “reflects a compromise supported by Republicans and the White House … it’s hard to see any better deal coming together.” However, Senator Cory Booker (D-New Jersey) has urged Democrats to oppose the bill. At issue, as with recent f...
Corn Argentina's corn harvest has reached 69.8 percent of the national harvestable area. Harvest progress remains constrained primarily in southeastern Buenos Aires, where persistently high humidity has slowed grain dry-down and prevented moisture levels from reaching harvest standards. As a re...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
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.