First Meat, Now Beer The Biden Administration has found its bogey men when it comes to inflation, and it is Big Ag. As stated earlier by White House spokesperson Jen Psaki, “The President, the secretary of agriculture have both spoken to what we’ve seen as the greed of meat conglomerates.” Their solution is subsidies for small meat packers. This week’s target is the conglomerates selling beer, wine, and spirits. Despite an admission that the past decade “has spawned thousands of new breweries, wineries and distilleries,” the Treasury Department said it will scrutinize merger and acquisition activity, address tax rates and regulatory requirements. In fact, it has been the explosion of small breweri...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.