AI and Ag Public policy on artificial intelligence is a tricky topic. On the one hand, policymakers are trying to avoid their worst fears about its potential impacts, at the same time there is a geopolitical Cold War level race for data dominance. An overly precautionary approach would kill the goose about to lay golden eggs. Moreover, recalling the economic benefits from when the U.S. heavily regulated online sports betting, there are plenty of rogue nations ready to offer up the laissez-faire approach to AI. The internet has been about the network, whereas AI is about the production of bytes. Productivity gains in many sectors including agriculture are in the offing if it isn’t overly throttled by the paranoid. Currency Conc...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.