World Perspectives

Updating Base Acres Under ARC and PLC

As WPI has reported periodically, there are several policy requests for the Title I programs under the new farm bill. Most of them would add costs, such as more funding for crop insurance, higher reference prices under the Price Loss Coverage (PLC) program, and changes to the coverage of the Ag Risk Coverage (ARC) program including raising the cap for payments, currently at 10 percent of a county’s benchmark, and increasing the coverage level above the current 86 percent of the county revenue. The biggest surprise, however, is the National Corn Growers Association (NCGA) proposal released in July to update base acres. Taken by itself, it could result in lower program support. In combination with other changes, it could be more costly...

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Market Commentary: Limping Home After a Dreary Week

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Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A rea...

feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

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Recent Market Volatility Increases Futures Mispricing

Following the recent shocks to the grain markets – the Grain Stocks report data and news that soybeans will be on the negotiating table when Presidents Trump and Xi meet next – many are wondering what happens next as far as commodity pricing goes. WPI certainly doesn’t have a...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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