The price collapse during July has again started to highlight some concerns about the state of the U.S. farm economy, but there is one bright spot.The price collapse during July has again started to highlight some concerns about the state of the U.S. farm economy. Net farm returns at current price levels leave little or no dollars on the bottom line. Most projected returns per acre today are again negative. The only bright spot is that yields look like they will be excellent. The record yields across the southern Plains hard red winter wheat region will barely cover crop input expenses, according to conversations with some producers.Bankers were very concerned throughout last winter in preparation for the 2016 growing season. Those fears we...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.