The Senate passed the President’s $3.5 trillion FY 2022 budget resolution this week by a 50-49 vote. Now Congress will turn toward implementing that budget with both new spending plans and new revenues to offset the new spending. The revenue raisers proposed under the President’s budget total $3.919 trillion over 10 years. Several of these revenue raisers would impact agriculture either directly or indirectly, including: Carbon Border Tax: This would raise $5 to $16 billion per year via new tariffs on carbon intensive imports through a complicated process of 1) requiring the Treasury Department to annually measure the costs that a few emissions-intensive U.S. economic sectors incur in complying with federal, state,...
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.