The House Agriculture Committee sent its Budget Views and Estimates letter to the House Budget Committee last month. This letter outlines the Agriculture Committee’s plans for the farm bill (and/or other legislation under its jurisdiction) and provides the Committee’s arguments for the budget totals that the Budget Committee assigns the legislative committees in the annual federal budget resolution. The letter, signed by Chairman Glenn Thompson (R-Pennsylvania) and Ranking Member David Scott (D-Georgia) states, We believe the 2023 Farm Bill can be a vehicle that aids you in this process through strategic investments in critical programs that will alleviate the need for costly and inefficient emergency ad hoc spending and...
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.