World Perspectives

MFP Round Two Announced

As expected, USDA announced the second round of Market Facilitation Payments (MFPs) yesterday. They are more generous than expected and can reach up to $150/acre in some counties. Per USDA, such assistance is “based on a single county payment rate multiplied by a farm’s total plantings of MFP-eligible crops in aggregate in 2019.” Following are the details: The eligible crops are the basic commodity program crops, including sesame. Per-acre payments are not dependent on which of the eligible crops are planted in 2019. A producer’s total payment-eligible plantings cannot exceed total 2018 plantings. Producers who filed prevented planting claims and then planted an MFP-eligible cover crop qualify for a $15/acre pa...

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Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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.

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