World Perspectives

Profile of American Farms

Each year USDA/NASS conducts a Farms and Land in Farms survey regarding economic demographics. The results are usually released in time for USDA’s annual Outlook Forum every February. (ERS released the results of its 2017 survey on 16 February.) Farms are defined as “any place from which $1,000 or more of agricultural products were produced and sold or normally would have been sold during the year.” The data is broken down by farm size and the amount of gross income from sales of agricultural production. Farmland includes owned or rented land, land in conservation programs, pastures, woodland and wasteland (if part of the overall farming operation). There was a history of U.S. farm consolidation throughout most of the 20t...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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