Finance China’s Ag Development Bank Working to Keep Farms Afloat Last week Dims Sums Blogspot reported on a series of announcements and articles related to China’s Agricultural Development Bank (ADBC) and its ballooning portfolio. According to the article, during an October press conference, the president of ADBC touted the bank’s role in supporting China’s grain and oilseed sectors as domestic farmers struggle with low prices and high inventories of cotton, rice, and wheat. ADBC’s president noted that the bank had lent out a total of RMB 170.4 billion ($24.3 billion) through the first three quarters of 2019, which amounts to an 87 percent increase in loan volume compared with the same time period in 2018. S...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.