World Perspectives

2018 Farm Bill CRP Expansion Underway

USDA is starting today the sign-up for enrollment of land in the Conservation Reserve Program (CRP) under the 2018 farm bill. Sign-up will continue through the end of February 2020. This will be the first general sign-up in three years and USDA, according to Secretary Perdue, is “hoping to see one of our largest sign-ups in many years.” The 2018 farm bill increased the acreage cap on the program for the first time since 2008. Currently, there are 22 million acres idled through the program, which is 2 million short of the 24 million acre cap set by the 2014 farm bill. The 2018 farm bill set a cap of 25 million acres for the 2019 sign-up, increasing to 29 million acres in 2023.

However, the net effect potentially could be cons...

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feed-grains soy-oilseeds wheat

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How 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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