Last week, three Iowa Members of the House of Representatives – Representatives Cindy Axne, Abby Finkenauer and Dave Loebsack, all Democrats – introduced a companion bill to legislation introduced by Iowa’s Republican Senators Chuck Grassley and Joni Ernst that would require packers to buy 50 percent of all cattle from the spot cash market to be delivered within 14 days (the so-called 50/14 bill). The current national average of cash market transactions is between 20 to 25 percent of cattle marketed, though it varies in different parts of the country. By definition, the 50/14 rule would reduce other forms of procuring cattle, including forward contracts, various formula-based contracts, and grid pricing which applies prem...
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.