By its nature, grain farming is a risky business, and most farmers are generally tolerant of the chances they take every year. It is commonly said that someone who is risk-adverse should not be a farmer. Managing these risks involves using sound agronomic practices, controlling production costs and marketing the crops produced advantageously, and farmers receive a great deal of advice on how to do so. Agronomists and agricultural economists from land grant universities as well as numerous private commercial sources offer ideas and suggestions for every stage of crop production and marketing. As grain and soybean prices have slumped in recent years, the marketing of crops has grown more important as has the volume of available marketing advi...
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
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.