World Perspectives
farm-inputs

Notable TFP Changes

U.S. Secretary for Agriculture Tom Vilsack and EU Agriculture Commissioner Janusz Wojciechowski will be on the stage together next week at the Forum for the Future of Agriculture & Farm Europe. Mr. Vilsack has taken the position that increasing productivity is the pathway to sustainability whereas Europe is focused on mandatory reductions in certain inputs. USDA’s Economic Research Service has just issued its latest calculations of total factor productivity (TFP) for different countries. The agency’s TFP index is the ratio between inputs and outputs. If outputs grow faster than inputs, it results in a positive number relative to the 2015 baseline used in this exercise. The ratio can change year to year but for the most rece...

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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.

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