Much like U.S. farmers, Ukrainian producers prefer to plant the most profitable crops. This is especially true when considering Ukraine’s farmers are reportedly losing $50/MT on corn. The preference is to grow soybeans, and output of the oilseed increased nearly 27 percent in 2023. However, they reportedly lack the money and technology for a large shift away from corn and into soybeans. The easier transition may be into more sunflower seed since they likely already own the seeds and the technology. Although wheat production increased nearly 9 percent last year and remains below pre-war levels, the crop puts Ukraine in direct competition with Russia, and Moscow will ensure that it is a decidedly unprofitable crop for Ukraine to...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.