Farm Policy Scheduled Both U.S. and European leaders are indicating new farm policy will be moving forward under their respective jurisdictions. The Commission may hold a vote on Common Agricultural Policy (CAP) reform in January, assuming an overall EU budget is agreed on in late November and member states work through policy amendments during November and December. Then again, the whole thing could slip, particularly over budget issues. Meanwhile, House Majority Leader Eric Cantor (R-Virginia) says farm bill legislation will be considered on the floor during the upcoming lame duck session. However, there are no assurances that it will pass or that a conference with the Senate can be completed before year-end. The November election will...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.