Worse to Come A trade analysis commissioned by the Farm Foundation and executed by Purdue University found that the U.S.-Mexico Canada Agreement (USMCA) would increase American agricultural exports by a modest $450 million. By contrast, it determined that duties imposed by Canada and Mexico in response to Section 232 duties are hurting U.S. agriculture by four times as much, $1.8 billion, and global retaliation against American ag exports has cost farmers $7.9 billion. Soybeans are incurring the largest losses, but relative impacts may be greater for other products. With the Trump administration planning additional punitive tariffs against the remaining $267 billion in Chinese exports to the U.S., retaliatory costs on American agriculture...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.