Spending on the Supplemental Nutrition Assistance Program (SNAP) is likely to cause a major showdown in the farm bill debate, just as it did 10 years ago. On Wednesday, 15 February, the Congressional Budget Office (CBO) released its ten-year cost estimates for the mandatory spending programs in the farm bill. In general, federal budget law requires the CBO to provide annual baseline estimates of mandatory spending programs projected for 10 years; estimates are made under the presumption that there are no changes to the law during that period, or in other words, that the 2018 farm bill continues for the next 10 years without changes. The bottom line is that the current baseline is about $1.5 trillion, the first $1 trillion-plus farm b...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.