Size Informs Policy The policy wonk contingency hoping to refocus the 2023 farm bill on small farms and growing fruits and vegetables should note where President Biden chose to announce his new farm policy of subsidizing fertilizer and increased production. He did not make the announcement on a small farm belonging to the National Farmers Union. He did not visit a disgruntled small cow-calf operator belonging to R-CALF. Instead, he made his announcement on the O’Connor’s 800-acre corn and soybean “factory” in Kankakee, Illinois. It is almost double the average American farm size. Using USDA definitions, area-wise it approaches being a large farm and, based on current soybean prices, it would be classified as a very...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.