World Perspectives

Inequality, Hate TPP, and Plan B

Ag as Microcosm Changes in U.S. farm size over recent years has witnessed an increase in the number of large, very profitable operations and an increase in the number of small farms, as the share considered medium-sized has been shrinking. The large farms produce the vast majority of commercial crops and reap most of the economic rewards. This dynamic is expressed as income inequality when the focus is average families in the overall economy. Some demand a policy solution, but analysis by the White House Council of Economic Advisors reveals that the phenomenon of income shifting away from labor and toward capital is occurring across dozens of rich and poor countries alike. Instead, the cause of this general economic shift is likely to...

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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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