It was the excellent revenue insurance program that was most responsible for pushing cash land rental rates and actual land values so high and so quickly during the period of high commodity prices. Times have rapidly changed, however.February is when minimum prices are calculated for spring-planted crops. Those for corn, soybeans and wheat are based on the average of the December 2016, November 2016 and Minneapolis September 2016 futures, respectively, during this month. The winter wheat price calculations occurred last fall.This particular price calculation held huge significance during the bull market as it is used as the minimum price to determine the guaranteed crop revenue insurance payments per acre. The other two factors involved are...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.