U.S. Senator Charles Grassley (R-Iowa) says he doesn't believe next week's election will have much impact on the farm bill debate and the legislation's course remains uncertain. Still, an overwhelming number responded to WPI's recent poll (see graph below) by saying the most likely future policy change is a larger cut in farm subsidies.As crops are being planted for the 2012/13 marketing year, estimates for current production in China and prospective production in Brazil and Argentina are being cut. Still, it is a long year ahead. What is your view of the prospects for ag commodities? Please go to www.worldperspectives.com and provide your opinion on whether the 2013 ag commodity supply and demand balance will be bullish, bearish or neutr...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.