The dropping prices and the attractiveness of the ARC program under a more bearish market outlook have caused the CBO to update its cost projections for the farm bill as of March.The Congressional Budget Office (CBO) issued its new baseline projections for federal spending, as it typically does after the president submits his budget. The last version was in January. In this annual March update, the CBO projects that the federal budget deficit will total $486 billion in FY 2015, about the same as the shortfall posted in FY 2014. However, because gross domestic product (GDP) has increased, the deficit projected for 2015 represents a slightly lower percentage of GDP at 2.7 percent compared with 2.8 percent last year. It peaked at 9.8 per...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
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.