Payment Limits: The COVID Food Assistance Program (CFAP) rule to provide direct payments to producers has been submitted by USDA to the Office of Management and Budget (OMB) for final review. That means it will be issued soon – though it was expected a couple of weeks ago. The one known aspect of the payments is that they will not be subject to the limits set by the 2018 farm bill of $125,000 per commodity or $250,000 per producer. It is not clear what the new caps will be, but they will be greater than the statutory caps that applied to the trade-related MFP payments. While Congress works on the next COVID-19 relief package, one of the proposals put forth would increase funding for the Commodity Credit Corporation (CCC) to $68 milli...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.