With China's announcement last week regarding a change in its income support policy for farmers, local analysts predict a notable shift in their planting decisions. Meanwhile, there is another crop-related issue also looming. Implications of China’s Changing Corn Policy China last week announced it was changing its financial subsidy policy for farmers by replacing a price support program based on purchasing stocks for storage with a system that ties income support payments to a target price. The shift will allow corn prices to fluctuate and is expected to reduce farmer incentives to plant corn, ultimately decreasing the huge stockpile as producers shift to growing alternate crops. It was suggested here a few weeks ago that if China did im...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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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.