Regional News Russia’s agriculture ministry announced that 900,000 hectares of crops will need to be reseeded this year after several frosts/freeze events that destroyed crops in south/central Russia. The French spring crop area is forecast to include 1.44 Mha of corn (up 9.6 percent from 2023 and 5 percent below the five-year average), and 502,000 hectares of spring barley (up 12.2 percent from last year but 15.8 percent below average). Early last week, consultancy SovEcon lowered its forecast of the Russian 2024 wheat crop by 7.3 MMT to 85.7 MMT. If correct, that volume would be 1 MMT below the five-year average. A Ukrainian scientist said that recent frosts of -2°C and as low as -9°C in some plac...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.