Transatlantic Devolution Responding to criticism that its management of the Common Agricultural Policy (CAP) results in farm programs that are too complex and too heavy-handed, Brussels has proposed devolving more spending decisions to the individual member states. Now some in France are reportedly reacting with fear that so-called renationalization of farm supports will result in inequities across the Community and perhaps be worse for environmental protections. The proposal mimics other moves by the EU to renationalize policy such as allowing country-of-origin labeling on foods and the proposal to allow capitals to decide for themselves if GMOs should be used. Conservatives in the U.S. frequently propose turning over federal program fun...
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.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...