World Perspectives

Bankers’ Views Going into Final USDA Reports

The agriculture sector is generally optimistic about 2020 based on a new trade deal with Japan in place on New Year’s Day, the progress of the USMCA, and the apparent deal struck with China. Weather is not likely to get worse, but the sheer volume of water means it will take a dry spring to get back to normal.   Which raises the question: “what is normal?”  Most economic overviews show the steady drop in farm income since the high mark of 2012, and an increase in farm debt over the same period. For example:   • From 2012 to 2017, the farm sector saw the largest multiyear decline in net cash income in percentage terms since the 1970s. • Farm sector debt is again near peak levels of the...

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Remake Agriculture for the Climate; Counter-Notifying India; Plurilateral Path

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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.

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