The House Agriculture Committee has kicked off the process of crafting the 2023 farm bill. Last week, the Subcommittee on Conservation and Forestry held a hearing to review the farm bill’s conservation programs with the Administrator of the USDA’s Farm Services Agency (FSA) and the Chief of USDA’s Natural Resources Conservation Service (NRCS). Tomorrow, the full committee will hold a hearing to review farm policy with USDA Undersecretary for Farm Production and Conservation Robert Bonnie. Both officials highlighted efforts made to date by USDA with few proposals for the next farm bill, but the general tone of the hearing was centered on sustainability and “climate smart agriculture” inc...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.