One of the issues carried over from the 2012 Farm Bill to the 2014 version was the new Dairy Margin Protection Program (DMP), which provides margin insurance for dairy based on income-over-feed-costs (IOFC). A bill has now been introduced to change the feed calculation formula.One of the issues carried over from the 2012 Farm Bill to the 2014 version was the new Dairy Margin Protection Program (DMP), which provides margin insurance for dairy based on income-over-feed-costs (IOFC). The DMP pays a participating farm when the average difference between the USDA national all-milk price and the national cost of feeding dairy animals during a consecutive two-month period falls below $4/hundredweight. Higher coverage can be purchased for an additi...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.