World Perspectives

House Farm Bill Draft: Conservation and Trade

Last week on Friday 17 May, WPI outlined the commodity program proposals in the House farm bill draft. Below are some key changes in the conservation and trade titles. The Committee hails its reforms to the Conservation Reserve Program (CRP) as the first attempt at clarifying and simplifying the program since it was created in the 1985 farm bill. The first is incentivizing the enrollment of marginal lands by basing rental rates on the “land capability classification.” That classification shows the suitability for soils for crop production; the suitability for crop production decreases progressively along the seven categories. The proposed CRP rental rates would be as follows: Class 1 & 2: 85 percent of the county average...

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feed-grains soy-oilseeds wheat

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Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, up $0.0525 from yesterday's close.  Dec 25 Wheat closed at $5.1475/bushel, up $0.055 from yesterday's close.  Nov 25 Soybeans closed at $10.2375/bushel, up $0.1075 from yesterday's close.  Dec 25 Soymeal closed at $279.3/short ton, up $5.7 fr...

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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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