Basic demand analysis correlates income growth with population increases and provides producers and marketers with a good understanding of the likely consumption pattern going forward. This is particularly true for animal proteins since they are more sensitive to income and to demographics. Youthful populations require higher protein levels as they build out bone and muscle tissues. These fundamentals have been on an upward trajectory since the end of the great recession, and so has protein demand. Global GDP growth has been averaging around 3 percent per year and demand for the major animal proteins has been growing at around 1 percent per year. However, the story is even better for the major exporters of pork, chicken and beef. Glo...
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.