World Perspectives

Biden Dictates Prices; Dictating Standards; Dictating to Meat

Biden Dictates Prices President Joe Biden tried to position himself in last night’s State of the Union address as the bulwark against the rising tide of threats to democracy. Then he dictated to the banking industry how much they can charge for credit card late fees, threatened action against chip makers who try to sell more ounces at the same price, and is banning what he calls junk fees. He has also pushed for higher mandatory wages. The he bragged, “And I’m not stopping there.” The President’s obsession with “shrinkflation” is silly, and his focus on its occurrence in junk food is awkward. But he can’t use meat since processor margins in that industry are negative. Even in the chip aisle...

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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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