India's sugar sector continues to suffer from low prices against the cost of production. Little change is expected unless the government of India (GOI) provides an incentive to boost ethanol production and ensures that the mandated blend rate to gasoline is met. Poor Outlook for Sugar Sector Without Ethanol Production Incentive Farmers want a higher price for their sugarcane as their costs to produce the crop have increased. According to those in Andhra Pradesh, the cost of production is currently $70/MT. If the M S Swaninathan panel recommendation regarding the Minimum Support Price (MSP) is implemented, the payments that farmers receive must be 50 percent over and above the cost of production. That would push sugarcane's State Advisory...
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.