The 1985 farm bill created the whole herd buyout program in response to falling milk prices. In Ireland, a potential buyout program is being considered to address climate change. The two programs are different in many respects – one was to adjust the market, the other is to help achieve environmental goals, but on the other hand, both are similar in a sense in that they are major interventions into the market that did (in the US) and will (in the EU) have unintended consequences. Markets, like nature, abhor a vacuum. Under the U.S. whole herd buyout – officially known as the Dairy Termination Program (DTP) – the goal was to cut milk production by 9 percent (12 billion pounds at the time). It began in April 198...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.