U.S. aggies would say it is technology that will limit progress by U.S. and EU Transatlantic Trade and Investment Partnership (TTIP) negotiators next week when they meet in Brussels.Chinese Agriculture Minister Han Changfu was reportedly caught off guard by a reporter's inquiry at the National People's Congress as to whether he eats genetically modified food. The minister responded by saying he does, that it goes through rigorous safety testing and that China needs the technology for food security reasons. Meanwhile, the 6,000 crop scientist members of the Crop Science Society of America declared their endorsement of the safety of biotech crops and their opposition to mandatory labeling.Separately, U.S. aggies would say it is technology tha...
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.