We reported on 29 July that the final rule for the long anticipated Feedstock Flexibility Program (FFP) was announced. The FFP is intended to avoid sugar loan forfeitures to the Commodity Credit Corporation (CCC) by requiring the diversion of sugar from food use to ethanol production. The first invitation for offers of sugar to be purchased was also announced by USDA yesterday afternoon. Any offers of sugar must be made by 21 August. At that point, USDA will inventory the offers while reserving the right to not accept the full offer made by a sugar mill. No conditional offers will be accepted. USDA will then list the type, amount and location of sugar for bidding by the ethanol mills. The bidding deadline is 28 August which is exactly a t...
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
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.