Yesterday, we noted that Congress must pass an omnibus appropriations bill by Friday to keep the government open, and that the Senate was in the driver’s seat on coming to an agreement between Democrat and Republican lawmakers. An outline agreement has been reached; the Senate is scheduled to vote on Thursday and then send the package to the House. In terms of agriculture appropriations, the bill provides $25.48 billion – an increase of 1.4 percent over the fiscal year 2022 baseline. It’s also $2.1 billion lower than the Administration’s request – a decrease of more than 8 percent. A quick review of the bill includes $3.7 billion in agriculture disaster aid, and a new carbon certification program, the Growing...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.