Price levels for the federal crop insurance programs have been a crucial ingredient in the net farm income levels of farmers, and the crop revenue insurance program has almost singlehandedly doubled land values in the last three to five years. Remember that the crop revenue insurance program guarantees farmers' income per acre. It is based on a formula of price and proven yield history. There are two price point calculation periods for each crop. The initial and minimum winter wheat price for the 2013 winter wheat crop was calculated between 15 August – 15 September, and that price is $8.78. Winter wheat farmers who are now planting their 2013 winter wheat crop know their worst case per acre income guarantee. It will be their proven yield...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.