U.S. Economy for the Birds The U.S. Poultry and Egg Association, National Chicken Council, National Turkey Federation and United Egg Producers have issued a new economic impact study on the poultry industry in the United States.The chicken industry provides 1,010,250 jobs, $47 billion in wages, $197.5 billion in economic activity and $17.2 billion in government revenue. The turkey industry provides 147,890 jobs, $6.9 billion in wages, $29.5 billion in economic activity and $3.1 billion in government revenue. The egg industry provides 123,100 jobs, $6.1 billion in wages, $25.8 billion in economic activity and $2.1 billion in government revenue. That's a grand total from poultry of 1,337,030 jobs, $63 billion in wages, $265.6 billion in...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.