World Perspectives

A Look at MFP Payments Through the WTO and the Federal Budget

On 24 July 2018, USDA Secretary Perdue announced a $12 billion trade mitigation package that would be administered in three parts: Food Purchases and Distribution, Ag Trade Promotion (to supplement the Market Access Program), and the Market Facilitation Program (MFP). The latter, which will account for the bulk of the funds, would make direct payments to producers of soybeans, sorghum, corn, wheat, and cotton as well as dairy and hogs. Since the MFP payments were to be based on 2018 actual production, there were questions regarding how they would be reported to the WTO in terms of U.S. compliance with its Amber Box cap of $19 billion. At the time, USDA didn’t anticipate that this relief package would cause the U.S. to exceed that all...

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Market Commentary: CBOT Sees Mixed Monday on Risk-off Trade; Feeder Cattle Rally on Import Ban

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WPI Crop Progress and Conditions App (Updated 25 November)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

Brooke Rollins: New Ag Secretary Pick

During the Presidential campaign, one topic on which Donad Trump was introspective was on his staff and cabinet appointments. He mentioned more than once on the campaign trail that getting the “right people” in jobs was one area in which he would focus the second time around. Typically Trump me...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Sees Mixed Monday on Risk-off Trade; Feeder Cattle Rally on Import Ban

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 25 November)

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Brooke Rollins: New Ag Secretary Pick

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.5575/bushel, down $0.09 from yesterday's close. Jan 25 Soybeans closed at $9.8575/bushel, up $0.0225 from yesterday's close. Jan 25 Soymeal closed at $295.9/short ton, up $4.4 fro...

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From WPI Consulting

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.

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