USDA reports that the Agriculture Risk Coverage and Price Loss Coverage programs in the 2014 Farm Bill cost $500 million dollars more than the direct payment system they replaced. Still, do not expect higher support program costs to force the next farm bill to be less generous to farmers. Return of Beef Hormone Retaliation Much of the attention at yesterday’s presidential signature on a new customs and trade enforcement law related to the vigorousness of the Obama administration’s trade enforcement actions. However, within the new law is authority for the president to resume trade retaliation against imports from Europe over the two-decades old beef hormone case.At the behest of the U.S. beef industry, one of the early successes of the Ob...
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.