Conservation compliance was a controversial provision in the 2014 Farm Bill and was originally proposed to cover only program crops. When specialty crops were added, however, a number of unforeseen problems surfaced.The 2014 Farm Bill provided a new crop insurance requirement that farmers certify their conservation compliance in order to be eligible for coverage. The deadline is 1 June, and the certification covers Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC). Farming on highly erodible land requires the maintaining of a conservation system that keeps erosion rates at a substantial reduction of soil loss. A conservation or mitigation plan is also required to convert wetlands to agricultural production. While this w...
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.
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...