India Do-Over The sarcasm was too dry to be understood in yesterday's "War on the Poor" take on India's farm mechanization effort, and also failed to fully explain the situation. Thanks to friends in-country, the policy situation receives a more complete explanation of the ironies involved. It is a classic case of unintended consequences.In the 1980s bear market, various land banking schemes (CRP, WRP, etc.) with payments to farmers doubled in exchange for acreage limitation or set-asides led to the mantra that farmers were being paid not to farm. Now it can be said that India is paying farm workers not to work. The noble intentions of the country's Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) is to guarantee rural dwel...
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...
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.