China had already implemented a subsidy this year to encourage farmers to plant more soybeans, and that production is likely to be even higher as a separate initiative is introduced to address the country's issue with a different crop. China Sharply Increases Farmer Subsidy to Encourage Crop Rotation To encourage farmers to plant less corn, this year the government of China will nearly double the incentives to rotate crops. The finance ministry today indicated the government will pay farmers the equivalent of $375 million, an increase of 78 percent over last year.The rotation subsidy will be focused on northeastern China where most of the country’s corn is produced. The government is believed to have over 200 MMT in reserve, and it wants...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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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.