World Perspectives

EU-U.S. Deal on Beef

This afternoon President Trump and EU Ambassador Stavros Lambrinidis announced an agreement regarding the EU’s Hilton quota, commonly referred to as the “high quality beef” (HQB) quota. The deal is close to the terms agreed to in principle back in March. The U.S. will get 35,000 MT of the annual 45,000 ton hormone-free beef quota. The original tentative deal was to be phased in over five years, but the agreement signed today would phase in the 35,000 MT duty-free access over seven years. It starts with a tariff rate quota (TRQ) of 18,500 MT in the first year, which will be next year after the EU Parliament approves the agreement this fall. Current average shipments are about 13,000 MT. The dispute began some 20 years ago...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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