World Perspectives
wheat

Future of EU Wheat

Parts of Europe are again too dry this spring raising worries that the wheat crop will be suboptimal. Indeed, some forecasters say this is the new normal in Europe as a result of climate change. Since Europe is responsible for a fifth of world wheat production, this has implications for global food security.  As can be seen in the graph below, EU wheat production has become more volatile relative to the rest of the world. EU wheat yields are substantially above the global average in part because of generally generous amounts of annual moisture. If rainfall becomes more erratic, there will need for greater investment in irrigation systems, or a shift to more drought tolerant varieties of wheat or other crops.  ...

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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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