Congress made a number of significant changes to crop support programs with the Agricultural Act of 2014, and farmers must make a one-time enrollment choice that covers the life of the farm bill from crop years 2014-18.Farmers will now be faced with some decision-making with the Agricultural Act of 2014, the long-awaited successor to the 2008 Farm Bill, signed into law by President Obama on 7 February 2014. Congress made a number of significant changes to crop support programs, including the repeal of the Direct Payment Program, Counter Cyclical Payment Program and the Average Crop Revenue Election Program. These risk management tools are replaced by two new programs, Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC). Farmers mu...
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.