The government of Brazil today proposed raising the agriculture sector budget by 20 percent. Considering that it is cutting expenditures elsewhere, this was somewhat of a surprise and may not be as large an increase as it may appear. India Reduces Forecast for Monsoon Rainfall India's government today reduced its forecast for rainfall during the upcoming monsoon season from 93 percent of normal to 88 percent. The decrease was based in part on the late arrival of the monsoon and the emergence of an El Nino weather pattern. If the forecast is accurate, the country could suffer its first drought since 2009.About half of India's farmland depends totally on rainfall for crop moisture. As an example, almost all of the country's soybeans are non...
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.