World Perspectives

Recent Policy Analysis

The Future of Loose Fiscal Policy and the Economy

Since the early 2000s, there has been plenty of discussion about whether monetary policy is too loose or too tight given the underlying economic conditions. It continues through today as the Fed tightened monetary policy to reign in inflation after the massive amounts of fiscal policy stimulus...

NGT Test this Week; New Mexican Authorities

NGT Test this Week The Belgian presidency of the EU will make its last effort to obtain approval of a regulatory proposal for new genomic techniques. If it fails, the effort will be passed along to the Hungarian presidency that begins in July. Chances are, it will fail despite being watered dow...

Poor Feed for the Golden Goose; Disingenuous Argument

Poor Feed for the Golden Goose Most people understand basic economics, but not all the subtleties of its principles. Competition makes sense, unless someone says it’s unfair. Some politicians trying to lead America out of its muddle, which is to say the octogenarian “leadership,&rdq...

Tight Margins Prevent Disruption; Hungary Isn’t Hungry; Two-Tiered Pricing

Tight Margins Prevent Disruption While populist politicians complain about corporate greed, the businesses with long term success in agriculture achieve their success via tight margins. Bloomberg notes that upstarts in the “agrifoodtech” space like Farmers Edge Inc. and Gro Intellig...

Trade Spat Between China and EU

When President Biden announced higher Section 232 tariffs on a list of Chinese goods (see WPI 14 May) anxieties were raised over possible retaliation (see WPI 10 June). Right now, the EU is on the leading edge of the tariff tit-for-tat. Yesterday, China announced its Ministry of Commerce would...

U.S. Pork Kept Out of Africa

At a recent hearing of the Senate Finance Committee, the National Pork Producers Council (NPPC) highlighted Africa’s call for the renewal of the African Growth and Opportunity Act (AGAO) while at the same time calling for the removal of South Africa and Nigeria from the agreement because...

USDA Proposes Poultry Contracting Rule

Early this month, USDA proposed the Poultry Grower Payments Systems and Capital Improvement Systems rule, the third in a series of livestock and poultry marketing regulations. This proposal is targeted at regulating so-called tournament pricing systems for poultry This rule has been long in the...

Cutting Food Waste; Conflicting Approaches

Cutting Food Waste USDA issued a national strategy yesterday that aims to cut food waste by 50 percent by 2030. According to the agency, food waste in the U.S. involves a third of the supply. There are many reasons why this is concerning and USDA has proposed many remediation steps along the su...

Farm Bill Prospects; Transatlantic Reverberations; Trade Policy Disconnect

Farm Bill Prospects Although the odds are long, there are some political dynamics that benefit the completion of a farm bill. Republicans barely control the House, but they have the potential to complete passage of a bill in that body. Democrats barely control the Senate, but there are Democrat...

Food as National Security; Food Policy and Climate Change

Food as National Security Journalists like Greg Ip and Noah Smith have identified the West’s trifecta of tools to counter China: industrial policy, export controls, and tariffs. They note another needed factor, unified western economics, but acknowledge it is difficult to achieve. Other f...

Senate Republican Farm Bill Framework

As WPI reported on 13 May, both the House and Senate agriculture committees released broad outlines of their respective farm bill drafts. The House Committee then tabled a full draft and passed a farm bill, the provisions of which were reported here.   In the Senate, Chairwoman Debbie...

Immigration Tariffs?

At a campaign event in Arizona, former President Trump floated the idea of using tariffs on countries who don’t cooperate with the U.S. on illegal immigration, and specifically, those countries taking back citizens who illegally immigrate into the U.S.  While most illegal immigration...

Goodbye Green Deal/F2F; Unfarming California

Goodbye Green Deal/F2F The EU’s ruling elites are still assessing the impacts of yesterday’s victories by conservative parties that they had derisively called “far right,” anti-democratic, and anti-EU ahead of the election. The results and especially the loss by the Gree...

Silly International Bureaucrat

UN Secretary General António Guterres has called fossil fuel firms the “grandfathers of climate chaos” and argues that advertising limits like those imposed on tobacco should be applied to the fossil fuel industry as well. Unlike tobacco, energy is a demand inelastic necessit...

Farm Bill Prognosis; Reciprocity with Canada

Farm Bill Prognosis A recent survey of economists indicated most do not believe a new U.S. farm bill will be enacted this year. Some speculated it would be 2025, and still others thought 2026. The 2018 Farm Bill is currently on extensions that expire later this year. The Senate Agriculture Comm...

U.S. – Brazil Dialogue; Tone Deaf in Europe

U.S. – Brazil Dialogue The 22nd Plenary of the U.S. – Brazil Commercial Dialogue will be held in September to discuss reducing non-tariff barriers. However, some of the larger issues between the two countries should include tariffs and foreign policy. Brazil maintains an 18 percent...

Six Weeks to Register for 2025 45Z Tax Credit, Still No Final Rules However

Yesterday, the Treasury Department released its Initial Guidance on registration for the Clean Fuel Production tax credit known as Section 45Z. To qualify for the credit, biofuel producers must pre-register; registration is required prior to 1 January 2025 when the credit goes into effect. Acco...

From Weekend Reading

In addition to attacking China, populist politicians on both the American right and left are finding audience encouragement when they attack big companies. Business is going to have to spend more on politics if they are to avoid getting slaughtered.  Farm subsidies will not be disciplined...

Mexico: New President, Mostly Same Policies

Mexico’s Presidential election was held this weekend; the Mayor of Mexico City, Claudia Sheinbaum, won an overwhelming majority.  President-elect Sheinbaum will be Mexico’s first woman president (defeating another woman candidate, Xochitl Galvez, who came in second) and inheri...

Potential Q4 2024 Port Strike Impact on Containerized Grain Exports

The International Longshoremen’s Association (ILA) faces a contract expiration on 30 September, now only four months away. The union has signaled its intention to strike since November of last year. The relevant contract covers primarily container shipments; bulk cargo is under a separate...

Friday Policy Roundup

Brussels versus Beijing: Beijing may launch an investigation into whether the EU is dumping pork into China. Brussels opened an anti-dumping probe on vanillin from China. France, Germany, and the Netherlands want an enforcement mechanism to ensure that used cooking oil imported from China for b...

Whither U.S. Trade Policy

May is World Trade Month and President Biden declared last week World Trade Week. USDA described it as the perfect opportunity to highlight the importance of trade to the farm sector and to the nation. However, most of the private sector free trade wonks spent the time reading former WTO offici...

House Farm Bill Out of Committee “Splits the Farm Bill Coalition”

As WPI reported, the House Agriculture Committee marked-up the farm bill last Thursday, 23 May. Going into the mark-up, USDA Secretary Tom Vilsack said the bill causes a “crack in the coalition” necessary to complete a farm bill, while Senate Agriculture Committee Chairman Debbie St...

Friday Policy Shorts

Standards not Tariffs: The complaint against China and some other countries is that production practices are more highly distorted by government policies than in the West. The Biden Administration and former President Donald Trump look to tariffs to solve the problem. By contrast, the EU erects...

The Future of Loose Fiscal Policy and the Economy

Since the early 2000s, there has been plenty of discussion about whether monetary policy is too loose or too tight given the underlying economic conditions. It continues through today as the Fed tightened monetary policy to reign in inflation after the massive amounts of fiscal policy stimulus...

NGT Test this Week; New Mexican Authorities

NGT Test this Week The Belgian presidency of the EU will make its last effort to obtain approval of a regulatory proposal for new genomic techniques. If it fails, the effort will be passed along to the Hungarian presidency that begins in July. Chances are, it will fail despite being watered dow...

Poor Feed for the Golden Goose; Disingenuous Argument

Poor Feed for the Golden Goose Most people understand basic economics, but not all the subtleties of its principles. Competition makes sense, unless someone says it’s unfair. Some politicians trying to lead America out of its muddle, which is to say the octogenarian “leadership,&rdq...

Tight Margins Prevent Disruption; Hungary Isn’t Hungry; Two-Tiered Pricing

Tight Margins Prevent Disruption While populist politicians complain about corporate greed, the businesses with long term success in agriculture achieve their success via tight margins. Bloomberg notes that upstarts in the “agrifoodtech” space like Farmers Edge Inc. and Gro Intellig...

Trade Spat Between China and EU

When President Biden announced higher Section 232 tariffs on a list of Chinese goods (see WPI 14 May) anxieties were raised over possible retaliation (see WPI 10 June). Right now, the EU is on the leading edge of the tariff tit-for-tat. Yesterday, China announced its Ministry of Commerce would...

U.S. Pork Kept Out of Africa

At a recent hearing of the Senate Finance Committee, the National Pork Producers Council (NPPC) highlighted Africa’s call for the renewal of the African Growth and Opportunity Act (AGAO) while at the same time calling for the removal of South Africa and Nigeria from the agreement because...

USDA Proposes Poultry Contracting Rule

Early this month, USDA proposed the Poultry Grower Payments Systems and Capital Improvement Systems rule, the third in a series of livestock and poultry marketing regulations. This proposal is targeted at regulating so-called tournament pricing systems for poultry This rule has been long in the...

Cutting Food Waste; Conflicting Approaches

Cutting Food Waste USDA issued a national strategy yesterday that aims to cut food waste by 50 percent by 2030. According to the agency, food waste in the U.S. involves a third of the supply. There are many reasons why this is concerning and USDA has proposed many remediation steps along the su...

Farm Bill Prospects; Transatlantic Reverberations; Trade Policy Disconnect

Farm Bill Prospects Although the odds are long, there are some political dynamics that benefit the completion of a farm bill. Republicans barely control the House, but they have the potential to complete passage of a bill in that body. Democrats barely control the Senate, but there are Democrat...

Food as National Security; Food Policy and Climate Change

Food as National Security Journalists like Greg Ip and Noah Smith have identified the West’s trifecta of tools to counter China: industrial policy, export controls, and tariffs. They note another needed factor, unified western economics, but acknowledge it is difficult to achieve. Other f...

Senate Republican Farm Bill Framework

As WPI reported on 13 May, both the House and Senate agriculture committees released broad outlines of their respective farm bill drafts. The House Committee then tabled a full draft and passed a farm bill, the provisions of which were reported here.   In the Senate, Chairwoman Debbie...

Immigration Tariffs?

At a campaign event in Arizona, former President Trump floated the idea of using tariffs on countries who don’t cooperate with the U.S. on illegal immigration, and specifically, those countries taking back citizens who illegally immigrate into the U.S.  While most illegal immigration...

Goodbye Green Deal/F2F; Unfarming California

Goodbye Green Deal/F2F The EU’s ruling elites are still assessing the impacts of yesterday’s victories by conservative parties that they had derisively called “far right,” anti-democratic, and anti-EU ahead of the election. The results and especially the loss by the Gree...

Silly International Bureaucrat

UN Secretary General António Guterres has called fossil fuel firms the “grandfathers of climate chaos” and argues that advertising limits like those imposed on tobacco should be applied to the fossil fuel industry as well. Unlike tobacco, energy is a demand inelastic necessit...

Farm Bill Prognosis; Reciprocity with Canada

Farm Bill Prognosis A recent survey of economists indicated most do not believe a new U.S. farm bill will be enacted this year. Some speculated it would be 2025, and still others thought 2026. The 2018 Farm Bill is currently on extensions that expire later this year. The Senate Agriculture Comm...

U.S. – Brazil Dialogue; Tone Deaf in Europe

U.S. – Brazil Dialogue The 22nd Plenary of the U.S. – Brazil Commercial Dialogue will be held in September to discuss reducing non-tariff barriers. However, some of the larger issues between the two countries should include tariffs and foreign policy. Brazil maintains an 18 percent...

Six Weeks to Register for 2025 45Z Tax Credit, Still No Final Rules However

Yesterday, the Treasury Department released its Initial Guidance on registration for the Clean Fuel Production tax credit known as Section 45Z. To qualify for the credit, biofuel producers must pre-register; registration is required prior to 1 January 2025 when the credit goes into effect. Acco...

From Weekend Reading

In addition to attacking China, populist politicians on both the American right and left are finding audience encouragement when they attack big companies. Business is going to have to spend more on politics if they are to avoid getting slaughtered.  Farm subsidies will not be disciplined...

Mexico: New President, Mostly Same Policies

Mexico’s Presidential election was held this weekend; the Mayor of Mexico City, Claudia Sheinbaum, won an overwhelming majority.  President-elect Sheinbaum will be Mexico’s first woman president (defeating another woman candidate, Xochitl Galvez, who came in second) and inheri...

Potential Q4 2024 Port Strike Impact on Containerized Grain Exports

The International Longshoremen’s Association (ILA) faces a contract expiration on 30 September, now only four months away. The union has signaled its intention to strike since November of last year. The relevant contract covers primarily container shipments; bulk cargo is under a separate...

Friday Policy Roundup

Brussels versus Beijing: Beijing may launch an investigation into whether the EU is dumping pork into China. Brussels opened an anti-dumping probe on vanillin from China. France, Germany, and the Netherlands want an enforcement mechanism to ensure that used cooking oil imported from China for b...

Whither U.S. Trade Policy

May is World Trade Month and President Biden declared last week World Trade Week. USDA described it as the perfect opportunity to highlight the importance of trade to the farm sector and to the nation. However, most of the private sector free trade wonks spent the time reading former WTO offici...

House Farm Bill Out of Committee “Splits the Farm Bill Coalition”

As WPI reported, the House Agriculture Committee marked-up the farm bill last Thursday, 23 May. Going into the mark-up, USDA Secretary Tom Vilsack said the bill causes a “crack in the coalition” necessary to complete a farm bill, while Senate Agriculture Committee Chairman Debbie St...

Friday Policy Shorts

Standards not Tariffs: The complaint against China and some other countries is that production practices are more highly distorted by government policies than in the West. The Biden Administration and former President Donald Trump look to tariffs to solve the problem. By contrast, the EU erects...

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