War Helps EU Farmers Win “Virtually all” EU member states have agreed to extend derogations from the new Good Agricultural and Environmental Condition (GAEC) practices through the 2023 production year. Greens and their political leaders were opposed but when faced with otherwise being blamed for adding a food security crisis on top of an energy security crisis, farmers won. It means another year in which agriculture will be exempt from mandates for crop rotation, the maintenance of fallow land, and set asides for biodiversity. Virtually all is an increase from a month ago when only about 60 percent of member states supported the derogation. It likely didn’t help the Greens’ position that even with the derogations th...
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...
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.