A House Agriculture Appropriations subcommittee considers a $20.9 billion FY 2015 funding bill tomorrow that would provide the Farm Service Agency with a $25 million boost for farm bill implementation and tens of millions of dollars extra for other USDA agencies. Trade Policy Wobbles The U.S. Treasury Department has officially killed the effort to harmonize Transatlantic Trade and Investment Partnership (TTIP) rules on financial services, claiming Europe's regulations were too weak relative to the Dodd-Frank requirements in the U.S. This creates a quid pro quo for the EU to easily refute American demands that Brussels bring its food safety requirements closer into line with Washington's "science-based" rules.Separately, state legislators...
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.