Farm income data shows that cotton has been a volatile market, and the industry is pressing to get back into Title I of the next farm bill.While the farm bill is scheduled to be taken up in 2018, it could possibly come before the full House of Representatives or the Senate in 2017 at any time after the August recess concludes. Of course the existing economics of the farm sector always has a big impact on the farm bill debate and the ultimate direction of policy. Indeed, the House Agriculture Committee had a hearing on the State of the Rural Economy earlier this spring where Chairman Michael Conaway (R-Texas) noted that net farm income has dropped over the past four years, which provided a test for the policies of the 2012 Farm Bill.USDA’s E...
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
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.