The minor crops will have the advantage in the 2015 growing season as farmers are again looking for alternatives to corn, soybeans and wheat. However, the minor crop buyers are hesitant to throw out new crop bids yet for several reasons.The total collapse in agricultural commodity prices in the last three months has left farmers' crop budget worksheets staring back at them with giant red numbers. Nothing pencils in the black at current or projected prices unless massive yield projections are thrown into the equation. This hasn't been the case for several years. Until this season, nearly every cropping choice farmers plugged into their worksheets looked good. Their decisions boiled down to what looked best. Looking ahead to the 2015 season,...
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.