World Perspectives

More Money, More Problems

USDA Secretary Sonny Perdue announced that his agency was “authorized” to make the second round of 2019 Market Facilitation Program (MFP) payments. The program set aside $14.5 billion to be made in three tranches. So far, $6.7 billion has been sent out under the 2019 version of MFP, with the balance to be reserved “if needed.” This second round would come in December, absent a deal with China, or even depending on the timing and terms of a deal with China, a potential third round could come in January. This is in addition to the $8.6 billion spent on MFP in 2018. Also, this week House Agriculture Committee chairman Collin Peterson (D-Minnesota) outlined in a letter to Perdue the shortcomings of MFP. Most of the iss...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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