Under the theory of economies of scale, the size of farms, like that of all industries, should increase over time due to improvements in productivity. Farmers themselves understand that the more land they farm, the greater their output and, thus, the larger their potential incomes. Government p...
President Trump unveiled his FY2027 budget proposal on Friday. The President’s budget, which is largely for positioning purposes, poses a starting point for Congressional budget deliberations and proposes a 19 percent cut to the USDA and a massive 42 percent boost to Pentagon spending. Th...
Tomorrow, 2 April, is a holiday for the CBOT/CME markets in observance of Good Friday. Please note that our office will also be closed. The next Ag Perspectives will be published Monday, 6 April. ...
AI Disaster Opponents of artificial intelligence, like Senator Bernie Sanders (S-Vermont), warn that the technology risks the end of the human race. So-called AI “doomers” are campaigning to stall advancements out of precaution, mostly fearing adverse impacts on the labor force. The...
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.