The price collapse during July has again started to highlight some concerns about the state of the U.S. farm economy, but there is one bright spot.The price collapse during July has again started to highlight some concerns about the state of the U.S. farm economy. Net farm returns at current price levels leave little or no dollars on the bottom line. Most projected returns per acre today are again negative. The only bright spot is that yields look like they will be excellent. The record yields across the southern Plains hard red winter wheat region will barely cover crop input expenses, according to conversations with some producers.Bankers were very concerned throughout last winter in preparation for the 2016 growing season. Those fears we...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.