World Perspectives
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Tomato Economics

U.S. domestic farm policy critics like U.S. Senator Cory Booker (D-New Jersey) have a point when they note that the Farm Bill encourages the production of commodities for which Americans often over-consume, while mostly ignoring what is under-consumed and known to be healthy – fruits and vegetables. Since 2017, the area cultivated for vegetables has declined by 16.7 percent at the same time the value of vegetable imports has increased by 32 percent.  This may be perfectly fine and reflect comparative advantages. But there has not been any thoughtful investigation. The domestic producers of specialty crops want protection from imports, and there are CVD/AD cases, suspension agreements, and other controls in place. But what do we...

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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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