It is a rare occasion when farmers should actually hope that prices collapse, but that's exactly what they should be hoping for in the month of October. This is the month that the harvest prices for crop revenue insurance coverage are calculated for the spring planted crops. These prices are the simple daily average of the December futures for corn and hard red spring wheat and November futures for soybeans. Remember that the initial and minimum price guarantees were based on the average of futures markets back in February.The crop revenue insurance program is perhaps the best thing that has happened to U.S. farmers. Over the past several years, this program has provided great revenue per acre guarantees before crops are planted. The init...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.