More budget scrutiny is anticipated in the coming year, given the focus on deficits and reduced spending as well as the over-budget projected costs of the new crop programs provided in the 2014 Farm Bill.As we have reported, President Obama's budget included proposals to reduce crop insurance costs by decreasing premium subsidies and limiting claims on prevented plantings. These proposals would cut about $16 billion in federal spending over 10 years. The president's budget states that "overly generous benefits have almost eliminated the risk from farming at a cost to taxpayers in the billions." More recently in an interview on the first anniversary of the president signing the farm bill into law, U.S. Secretary of Agriculture Tom Vilsack al...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.