India is likely to produce 263.2 MMT of food grains in 2013/14. This is greater than the target of 259 MMT established by the agriculture ministry in September 2013 and the 257.13 MMT produced last year. Food Grains Production–Second Estimates India is likely to produce 263.2 MMT of food grains in 2013/14, which includes the khariff already harvested and the rabi crops currently in the field. This is greater than the target of 259 MMT established by the agriculture ministry in September 2013 and the 257.13 MMT produced last year. Rice production is expected to be 106.19 MMT and wheat production should reach 95.60 MMT, a record level but lower than earlier estimates of 98-100 MMT. Corn is also forecasted to have a record production of 23.2...
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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.