Farm Bill Reassessment The chance of reauthorizing the farm bill this year was already looking unlikely but now it has shifted that way for new reasons. A House Agriculture Committee approved bill pleased farm groups but faced a gauntlet from food assistance groups and others on the political left. The shift toward a dominant political position for Donald Trump and Republicans in this November’s election strengthens the likelihood that farm groups prevail in a farm bill fight in 2025. That election outcome is by no means certain, but it is currently the prevailing sentiment. In any event, the current legislative track is frozen. Von der Leyen Threads Needle EU Commission President Ursula Von der Leyen appears to have the supp...
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.