World Perspectives

Recent Policy Analysis

feed-grains soy-oilseeds livestock

Blue Wave Crashes on Ag Policy

Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...

farm-inputs

Election Eve Outlook: Crisis in Agricultural Policy and the Elections

With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...

feed-grains farm-inputs

Congressional Flip May Hinge on Agriculture

The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...

The Ag Trade Balance: Gradually and Suddenly

Key Takeaways:  The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...

Policy Quick Hits: Mexico, Ad Hoc Farm Assistance, Ultra-Processed Foods

Mexico Trade Deal The Trump Administration is looking for a win before the November midterm elections, now just five weeks away, especially as trade relations with Canada worsen and there is now a truce with China. The U.S. has made it clear to Mexican officials that it wants a deal with Mexico...

equities energy

Bad Ideas Redux

It’s often said that history doesn’t repeat itself, but it often rhymes. If only humanity could stop repeating the worst parts of our historic verse. Politicians, again at the center of this week’s follies, have found a way to make old mistakes sound new: announce them at a pr...

equities energy

Fed’s Warsh Defies Trump on Short-Term Monetary Policy Move

Last week, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the federal funds rate by 0.25 percentage point to a target range of 3.75 to 4 percent. That was the first rate hike since mid-2023, and the vote was unanimous. President Trump, who nominated Kevin Warsh in March...

livestock farm-inputs

Senate Moves Farm Bill, but That May Be Not Enough

Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville (R-Alabama), who missed the vote on 6 August (see WPI coverage here) when it failed by a similar party-line vote, 10-11. Democrats held the...

feed-grains soy-oilseeds wheat

Time Running Out: Fly In for the Farm Bill, North American Trade

The Senate will reconvene today after a late August recess and will adjourn in early October, in about 3 to 4 weeks. The farm bill will move front and center on the agenda. A major fly-in is scheduled for today and Tuesday, with the goal of hitting all Senate offices. Groups participating in th...

livestock

California: Bifurcated Markets for Ultra-Processed Food and Pork

The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...

softs

Failing to Learn from History, Ghana Locks Down Cocoa Acres

Key Takeaways:  Ghana’s new law classifies all cocoa plantations as “protected farms,” which carries significant implications for farmers. Chief among these implications is the inability to switch area under cocoa to other crops, even when economic or biological conditio...

feed-grains biofuel energy

EPA Announces 2025 SREs under the RFS: 1.76 Billion RINs

On Monday, 31 August, the U.S. Environmental Protection Agency (EPA) announced decisions for 34 small refinery exemption (SRE) petitions under the Renewable Fuel Standard (RFS) program for 2025. In consultation with the U.S. Department of Energy (DOE), EPA reviewed and considered information su...

feed-grains soy-oilseeds livestock

Blue Wave Crashes on Ag Policy

Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...

farm-inputs

Election Eve Outlook: Crisis in Agricultural Policy and the Elections

With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...

feed-grains farm-inputs

Congressional Flip May Hinge on Agriculture

The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...

The Ag Trade Balance: Gradually and Suddenly

Key Takeaways:  The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...

Policy Quick Hits: Mexico, Ad Hoc Farm Assistance, Ultra-Processed Foods

Mexico Trade Deal The Trump Administration is looking for a win before the November midterm elections, now just five weeks away, especially as trade relations with Canada worsen and there is now a truce with China. The U.S. has made it clear to Mexican officials that it wants a deal with Mexico...

equities energy

Bad Ideas Redux

It’s often said that history doesn’t repeat itself, but it often rhymes. If only humanity could stop repeating the worst parts of our historic verse. Politicians, again at the center of this week’s follies, have found a way to make old mistakes sound new: announce them at a pr...

equities energy

Fed’s Warsh Defies Trump on Short-Term Monetary Policy Move

Last week, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the federal funds rate by 0.25 percentage point to a target range of 3.75 to 4 percent. That was the first rate hike since mid-2023, and the vote was unanimous. President Trump, who nominated Kevin Warsh in March...

livestock farm-inputs

Senate Moves Farm Bill, but That May Be Not Enough

Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville (R-Alabama), who missed the vote on 6 August (see WPI coverage here) when it failed by a similar party-line vote, 10-11. Democrats held the...

feed-grains soy-oilseeds wheat

Time Running Out: Fly In for the Farm Bill, North American Trade

The Senate will reconvene today after a late August recess and will adjourn in early October, in about 3 to 4 weeks. The farm bill will move front and center on the agenda. A major fly-in is scheduled for today and Tuesday, with the goal of hitting all Senate offices. Groups participating in th...

livestock

California: Bifurcated Markets for Ultra-Processed Food and Pork

The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...

softs

Failing to Learn from History, Ghana Locks Down Cocoa Acres

Key Takeaways:  Ghana’s new law classifies all cocoa plantations as “protected farms,” which carries significant implications for farmers. Chief among these implications is the inability to switch area under cocoa to other crops, even when economic or biological conditio...

feed-grains biofuel energy

EPA Announces 2025 SREs under the RFS: 1.76 Billion RINs

On Monday, 31 August, the U.S. Environmental Protection Agency (EPA) announced decisions for 34 small refinery exemption (SRE) petitions under the Renewable Fuel Standard (RFS) program for 2025. In consultation with the U.S. Department of Energy (DOE), EPA reviewed and considered information su...

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