China's newly issued regulations regarding feed and feed additive imports appear to be consistent with the government's decision to improve the nation's food safety system and environmental protection in agriculture practices. China to Improve Agricultural Cooperatives as Means to Ensure Better Food Safety and Quality Several leading Chinese agricultural economists recently called for partnership between farmers and businesses via agricultural cooperatives to ensure better food safety and quality in the nation. China currently has more than 980,000 agricultural cooperatives involving more than 74 million farming households, nearly 29 percent of the country's total. Lack of financing, technology, management and services are challenges that...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.