World Perspectives

Setting the Table for Milk Pricing Reform in the Farm Bill

In December 2021, USDA Secretary Vilsack urged the industry to “get in a room” to hash out a consensus on addressing dairy policy. This weekend, the American Farm Bureau Federation (AFBF) hosted the Federal Milk Marketing Order (FMMO) forum in Kansas City. The meeting was convened to discuss reforms to FMMOs to fix shortcomings and unintended consequences of the regulated pricing system – many of which were exposed by the impact of COVID.   Prior to the 2018 farm bill, under the FMMO, Class I prices were calculated by using the higher of Class III and IV advanced skim milk prices (SMP). In 2018, that was changed to an average of the two, plus a $0.74 per hundredweight premium. What happened during COVID was that...

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Old World Order; People Not Plants; Tariff Refunds

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May 26 Corn closed at $4.4375/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.6825/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.695/bushel, down $0.01 from yesterday's close.  May 26 Soymeal closed at $309.9/short ton, down $...

feed-grains soy-oilseeds wheat

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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.

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