According to USDA, nearly 80 percent of all acres and liability that are covered in the federal crop insurance program will be eligible for YE beginning in the spring of 2015. It will be available for additional crops (both annual and perennial) in 2016.USDA is implementing a provision of the 2014 Farm Bill called Yield Exclusion (YE), which allows farmers with crop insurance to exclude from their actual production history (APH) the actual yield in a year in which the per county planted acre yield for a crop was at least 50 percent below the 10 previous years' average. When a crop year is determined to be eligible for YE for a crop in a specific county, producers in contiguous counties will also be entitled to exclude their actual yield for...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.