A comparison of today’s calculations with those of 2011 provides insight into one of the driving forces behind the rapid escalation in land values during the bull market.The numbers are in! The 2017 minimum crop revenue assurance price guarantee for soybeans is the highest it has been since 2014. WPI previously wrote about how such a level will provide another significant reason for farmers to plant more soybeans in 2017 (see Ag Perspectives, 14 February). The following table provides a recent history of price guarantees through 2017:The significance of these minimum price guarantees is that farmers can now calculate their guaranteed revenue per acre under the federal crop insurance programs. If the harvest price calculation is higher...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.