USDA's Risk Management Agency (RMA) calculates the initial (and minimum) price levels for the crop revenue insurance program in the fall for winter-planted crops and during the month of February for spring-planted crops. These prices are based on the average of the daily new crop futures prices for the crops that have futures. There are other formulas used to calculate the prices for crops without futures markets, like barley sunflowers, durum etc. WPI has often expressed the opinion that this crop revenue insurance program has been primarily responsible for the soaring of land values and cash rental rates. The price guarantees for the last three years have been very high from a relative standpoint. The table below shows a comparison of t...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.