World Perspectives

Greed versus Apathy

President Biden and his economic team attacked the U.S. meat industry this year for being greedy. Meanwhile, he has politely asked the oil industry to please produce more product so that gasoline prices fall. Note that Tyson’s stock price versus a year ago is down 4.7 percent while Exxon Mobile is up 47 percent. The definition of greed is an intense and selfish desire for something, especially wealth and power, so presumably it takes greed to run and win the presidency.  Meanwhile, one could say greed is occurring in China, where that single nation hoards half the world’s supply of surplus grains. Meanwhile, it has failed to even come close to the purchases of U.S. goods it agreed to under the Phase One trade agreement. Th...

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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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