USDA’s 30 November farm income forecast shows net farm income at $151.1 billion for CY 2023, a decrease of $31.8 billion, or 17.4 percent, relative to 2022 in nominal dollars. In inflation adjusted dollars, net farm income is forecast to drop $37.9 billion, or 20 percent from 2022. This is a slight improvement over the August forecast of a 23 percent nominal drop. Net farm income in 2022, however, was a record high $182.2 billion, up 30.2 percent from 2021, still leaving net farm income in 2023 at 31.4 percent above its 20-year average (2003–22) of $115 billion in inflation-adjusted dollars. Below is a look at income by commodity; cash receipts are forecast down 4.7 percent for all crops and down 5 percent for livestock and pro...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.