2023 Farm Bill Dynamics A Farm Foundation session today perusing the dynamics of writing the 2023 Farm Bill had several key takeaways: Political Dynamic: The number of diverse interest groups seeking involvement in the development of this legislation over the years has continued to expand. At the same time, production agriculture’s share of farm bill expenditures has shrunk to just 15 percent as domestic food assistance now dominates outlays. U.S. House members representing predominantly farming districts has shrunk as a share of the Congress. Climate Change/Conservation: There is immense interest in making agriculture more environmentally friendly. Farm groups are copasetic with the goal but demand it be based on incentives...
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.