Europe may not be ready to impose trade retaliation on Russia, but some members of the U.S. Congress are suggesting the use of WTO dispute settlement cases to harass Moscow. Ukraine Rescue Europe may not be ready to impose trade retaliation on Russia (GMOs are more dangerous than Vladimir Putin), but some members of the U.S. Congress are suggesting the use of WTO dispute settlement cases to harass Moscow. One area to attack is Russia's frequent use of sanitary and phytosanitary (SPS) measures to block meat imports from both the U.S. and Europe. Treasury Secretary Jack Lew conceded that the goal is to impose diplomatic and economic isolation on Russia.Separately, National Bureau of Economic Research (NBER) Working Paper No. 19941 explores...
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.