Congress and the administration are preparing tax reform proposals to be considered this year. In that regard, the House Agriculture Committee convened a hearing regarding the tax provisions that are most beneficial to farming operations.Based on data from 2015 that includes 99 percent of all U.S. farms, USDA’s Economic Research Service (ERS) determined that 97 percent of them, accounting for 85 percent of total production, are organized as sole proprietorships, partnerships and subchapter S corporations. This means that the actual farming enterprise is a pass-through entity for income where the tax liability falls on the farmers individually as personal income. Thus, the lowering of personal tax rates as opposed to corporate tax rates is t...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.