World Perspectives
feed-grains soy-oilseeds wheat

2016 Farm Income Numbers

A survey of one program's Red River Valley farm clients’ 2016 financial results provided some interesting points, but that data will likely be quite different in 2017.The North Dakota and Minnesota Farm Business Management Education program recently released a summary of its Red River Valley farm clients’ 2016 financial results, which included specific data from 240 farms. Following are a few of the report’s interesting points: Crop acres owned by the operators averaged 23 percent of the total acreage farmed, which was the same for both the bottom and top 20 percent of survey participants. This points out the higher percentage of farmland, approximately 80 percent across the northern Plains, that is owned by absentee landowners. Average...

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feed-grains soy-oilseeds wheat

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Summary of Futures

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Dec 25 Corn closed at $4.2175/bushel, up $0.05 from yesterday's close.  Dec 25 Wheat closed at $5.025/bushel, up $0.0375 from yesterday's close.  Nov 25 Soybeans closed at $10.1075/bushel, up $0.0425 from yesterday's close.  Dec 25 Soymeal closed at $276.9/short ton, up $1 from y...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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