USDA announced yesterday the details of a $10 billion package of disaster loss crop payments passed by Congress last year; the plan passed in September (which is actually this fiscal year) provided $9.25 billion for crops and $750 million for livestock. At a hearing of the Senate Agriculture Appropriations subcommittee last week, Secretary Vilsack promised the details of the program this month and indicated payments would begin in June. Last month, USDA began distributing the Emergency Livestock Relief Program (ELRP) payments, based on 75 percent of the Livestock Forage Disaster Program (LFP) program. USDA received applications for $670 million in LFP payments due to drought conditions in 2020 and 2021; the ELRP payments will s...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.