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...
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...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.