There are only three crops that show a positive net return, and barley is really not an alternative today.The table below is from the Carrington, North Dakota adult farm management program. The numbers are the actual cost averages and yields of more than 70 farmers in central North Dakota:Note there are only three crops that show a positive net return. Barley is really not an alternative today because, as we wrote last Friday, it is now almost all a contracted crop and there are now new crop contracts available. The corn profit of $11 per acre is just marginally profitable. The $61 profit potential in soybeans is still very good. These numbers go a long way to explain why North Dakota farmers will plant a million acres less corn and a milli...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.