The Dairy Security Act provisions in the 2012 Farm Bill continue to be a point of controversy in the industry even though both congressional Agriculture Committees have been adamant about including the language on "voluntary" supply control. At last week's World Dairy Expo, a number of producers joined the chorus against the supply management proposals. Producers involved with the Dairy Business Association (DBA) held a press conference at the Expo urging Congress to drop the supply management provision of the program but maintain the margin insurance language, which is something processors also support.According to the DBA, had the supply control mechanisms been in effect this year, it would have triggered in May and cost a 100-cow dairy $...
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.