World Perspectives
livestock

U.S. Farm Production Expenditures Down in 2015

Total farm production expenditures were estimated at $362.8 billion for the year, an 8.8 percent decrease from $397.6 billion in 2014 that was driven by several factors.Farm costs dropped in 2015, according to the National Agricultural Statistics Service (NASS), reversing a long trend toward higher input costs. Total farm production expenditures were estimated at $362.8 billion for the year, an 8.8 percent decrease from $397.6 billion in 2014. The drop was driven by declining machinery and tractor expenditures due to lower sales and reduced fuel expenses based on crude oil and energy prices. Diesel and gasoline were down 24.5 and 25.8 percent, respectively, while LP gas was down 34 percent.The four largest expenditures (feed; livestock, pou...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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