Congress hasn’t passed a farm bill on schedule since 1990, and now the agriculture committees want to pass the next one early.Congress hasn’t passed a farm bill on schedule since 1990, and that one was very short-lived. Here’s a brief recap of the past several farm bills.The 1990 version was signed into law in November 1990. It was quickly amended by the Food, Agriculture, Conservation, and Trade Act Amendments of 1991 and then further reshaped by the Omnibus Budget Reconciliation Act of 1993. The amended 1990 law was to expire in 1995, which was the era of the new Republican majority in the House and the party’s Contract with America. It was also when the dynamic of conservative budget hawks and establishment Republicans first made its way...
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
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.