Amid the news of an agreement to restart China-U.S. trade talks, China’s undefined promise to buy more U.S. commodities and the anticipation as well as uncertainty about the fate of the USMCA, USDA’s Economic Research Service (ERS) released its 2018 net farm income forecast. The estimates are as expected with large supplies, trade disputes, volatile global markets and a strong general economy. Nominal cash receipts are steady, inflation-adjusted receipts are down, and inputs and operations are more expensive, and government payments are up. Cash receipts will be up slightly on volume, driven by early-in-the-year sales prior to the tariffs placed on U.S. commodities by China, Canada, Mexico and others. For all commodities, cash...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.