Designed Obsolescence: According to NielsenIQ, 50 of the 52 food categories it tracks are more expensive than a year ago, with butter and milk being the only exceptions. Crop prices are at their highest levels in over eight years and global hunger is rising. Policymakers in Europe and the U.S. have the perfect solution – reducing the amount of farmland and the use of crop protectants. The Biden Administration’s 30x30 policy would prevent production on nearly a third of the nation’s land by 2030. The EU wants to switch to organic production, which yields 20-30 percent less than conventional agriculture. Mission Creep: WTO Director-General Ngozi Okonjo-Iweala reportedly has discouraged the tendency to “use the W...
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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.