Concerned there will be too little corn for livestock feed, the current Argentine government plans to offer farmers interest rate subsidies to maintain its production rather than switch to soybeans. Argentine Presidential Candidate Promises to Lower Soybean Export Tax Mauricio Macri, one of two top candidates for Argentina's presidency, told the country's farm groups on Tuesday that he plans to reduce the current 35 percent export tax for soybeans by 5 percent per year if elected. He did not specify whether it would be eliminated after six years or only lowered. Macri is the mayor of Buenos Aires and is viewed as being business friendly. He finished second in a 9 August primary.Macri's top opponent in the October election is Daniel Scoli...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.