In a rare bipartisan move, the House of Representatives passed the Tax Relief for American Families and Workers Act last week by a vote of 357 to 70. However, the bill’s timeline and ultimate fate in the Senate is unclear at this point. Nonetheless, the bill as written has provisions specifically benefiting production agriculture. First, the 100 percent bonus depreciation for property placed in service after 31 December 2022 would be restored. Effectively this would be retroactive for 2023 tax returns. It had previously been limited to 80 percent for 2023, and was to drop 20 percent per year until it reached zero (i.e., 60 percent in 2024, 40 percent in 2025, 20 percent in 2026 and eliminated in 2027). This allows farms to exp...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.