Bernienomics American socialist politician Bernie Sanders blames greedy companies for causing rising prices. Some in the EU see the same thing, complaining that the U.S. was overcharging for the natural gas they were importing. Never mind that removing Russia as a supplier creates a shortage and aggressive buying has led to overflowing surpluses. The U.S. imports a lot of wine from Europe and the average cost of a bottle of plunk in New York is twice that purchased in Paris. Where do these arguments lead? Agriculture as Springboard Philippine President Bongbong Marcos concurrently named himself head of the nation’s agriculture department. Political leadership in agriculture may be growing in importance in the U.S., though as a spri...
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.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...