World Perspectives

Budget Reconciliation versus Farm Bill

The Biden Administration and Congressional Democrats’ $3.5 trillion budget reconciliation package has $135 billion slated for the Agriculture Committees to spend via those panels’ reconciliation instructions. Reconciliation is a process where the usually non-binding federal budget resolution gets teeth by instructing authorizing committees to come up with enabling legislation. (See our previous explanations here of the reconciliation process and how t was used to pass the Biden COVID relief package and by the Republican controlled Congress to pass the tax cut bill in 2017).   The House Agriculture Committee is scheduled to meet at the end of this week to start marking up their portion of the reconciliation bill, but g...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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