Fake Crisis in Food Politicians and populists groups issued a letter to international organizations demanding a “well-organized global effort” to reform the “fundamentally broken food system.” They say the COVID-19 outbreak “laid bare the vulnerabilities [of the] inadequate and inequitable food system.” They want a crisis-proof system but then they revealed their underlying philosophy by saying food should be “equitably produced” and emphasize “regional supply chains.” The “crisis” was caused by humans practicing greed and initially hoarding food. There never was and there still is not a food shortage. There are still some kinks as food previously fabricated for...
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.