Today at a public meeting of the White House Competition Council, President Biden announced the second of three promised livestock marketing rules under the Packers and Stockyards Act (PSA): the proposed Inclusive Competition and Market Integrity Rules “to protect farmers and ranchers from abuse.” These rules have been more than a year in the making, with the Administration issuing a request for information in March 2020, and an Executive Order in July 2021. As we reported, the first rule on the poultry “tournament pricing” system was proposed on 19 May. As we noted, This troika of rules is essentially a redux of the then-Grain Inspection Packers and Stockyards (GIPSA) rules put out by the Obama Administration...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.