Broken Organic Window The Union of Concerned Scientists (UCS) has frequently proven its ignorance of both science and economics. Once again, it was economics that was distorted. Just as the Organic Trade Association took credit some weeks ago for organic agriculture creating more jobs than conventional agriculture, the UCS concluded that organic dairy farms in Vermont and Minnesota had higher revenues than if the same dairy products had been conventional. According to UCS, "organic operations would provide more value to the economy"; however, the group is ignoring the loss of welfare by consumers paying the higher prices with no proven gain in welfare. In effect, they ignore the broken window parable by Frederic Bastiat. Counting Chicke...
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
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.