The scope of agricultural subsidies is large and comes in many forms. According to the OECD, the estimated support to farmers was about $492 billion globally in 2012. China provided 34 percent of the total, while the U.S. contributed about 7 percent.The House Agriculture Committee held a hearing yesterday to review rising foreign agricultural subsidies. Professor Darren Hudson, director of the International Center for Agricultural Competitiveness at Texas Tech University, testified that according to the Organization for Economic Cooperation and Development (OECD), the estimated support to farmers was about $492 billion globally in 2012. China provided 34 percent of the total, while the U.S. contributed about 7 percent. Per Hudson, producer...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.