President Obama today unveiled his FY 2013 budget proposal. Under the plan, revenues grow by 60 percent and spending increases by 12 percent between now and 2017. The deficit drops by 54 percent, a total of $715.4 billion, over the same period. A total of $391 billion in savings comes from legislation already passed, the 2011 Budget Control Act, which capped discretionary spending and made some "program integrity" reforms.An overview of USDA program cuts is below:Other program cuts or eliminations include the Agricultural Marketing Service's pesticide and microbiological data programs, rural housing loans, international forestry, rural business development, energy assistance, community development, and rural fire assistance, among others...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.