Every year, and often several times a year, we are obliged to write about the U.S. crop insurance program. It is a very important piece of the acreage puzzle because it establishes minimum revenue-per-acre insurance coverage well in advance of the actual fall or spring planting seasons. It is, in my opinion, one of the biggest reasons for the incredible escalation in land values and cash rental rates. Farmers have had big revenue insurance guarantees the past several years because of high proven yield histories and high prices. They can insure up to 85 percent of their 10-year proven yield average at the prices determined during the month of February for the spring planted crops (spring wheat, barley, corn, soybeans, etc.). As a refresher...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.