The House ag appropriations bill includes many restrictions on USDA’s use of appropriated funding, and there are 70 amendments that provide more stipulations. Yesterday was the deadline for filing amendments with the Rules Committee, which will meet next Tuesday to decide on the ones that will be offered on the House floor. Several of them are of interest. One reduces funding for the USDA Office of the Inspector General (OIG) by $1 million and increases it by the same amount. The entirety of the amendment language is below: Page 113, line 13, after the dollar amount, insert ‘‘(reduced by $1,000,000) (increased by $1,000,000)’’ Meanwhile, an amendment proposed by Representative Maxine Waters (D-California) i...
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.