The EU wants the U.S. Congress to pass Trade Promotion Authority (TPA) as soon as possible, but the European resistance to fixing current trade barriers is likely to encourage American legislators to ramp up their demands in any TPA legislation. Trade Policy Ups, Downs Pacific: A press conference by President Obama and Prime Minister Abe will be held in Tokyo in a few hours and the question is - what will the two leaders say about the Trans-Pacific Partnership (TPP) negotiations? Current indications are that progress has been made on beef (a 20 percent tariff versus the current 38.5 percent with chilled at a higher duty rate than frozen) and improved tariff rate quotas on wheat, rice and cheese, but there is still squabbling over pork. Ev...
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.