Communist Entrepreneurs In capitalist societies, parents that are entrepreneurs tend to have children that also become entrepreneurs. Researchers in the U.S. and China studied (NBER Working Paper 28547) the impact of strong government involvement in the Chinese economy and found that the offspring of government workers also had a higher likelihood of becoming entrepreneurs. In provinces where government is higher, the likelihood that children of government workers would own incorporated businesses was significantly higher. Of course, some might argue that this is a form of self-dealing whereby government workers have certain information or insights that facilitate their offspring’s success in the marketplace. Catastrophes; Pos...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.