The Senate Agriculture Committee's farm bill provides up to $10 million per year for a new pilot program on weather index crop insurance. The provision states that USDA, at its own discretion, may conduct a pilot program providing producers of underserved crops and livestock (including specialty crops) with financial assistance to purchase an index-based weather insurance product from a private insurance company. The language was sponsored by Senator Sherrod Brown (D-Ohio).Under the provision, USDA may pay a portion of the premium for producers who purchase index-based weather insurance for a crop and/or policy that is not reinsured under the Standard Reinsurance Agreement. The premium subsidy cannot exceed 60 percent of the estimated pre...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
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.