India Increases Support Prices In a politically motivated decision that is going to cost government of India more, the Cabinet Committee on Economic Affairs (CCEA) approved a hike in the Minimum Support Prices (MSP) of some key winter crops (see table below). The increase was recommended by the Ministry of Agriculture and the Commission for Agriculture Costs and Prices (CACP).The new rates become effective at the start of the new marketing year (April 2013) but already are informing farmers on what to plant in October/November for harvest in March/April 2013. While the (CACP) has opposed any increase in wheat MSP, the Ministry of Agriculture had proposed an increase of 8.94 percent in the wheat MSP to $259.25/MT against la...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.