World Perspectives

Capping Farm Subsidies; Exploiting Scientific Illiteracy

Capping Farm Subsidies The political left and right are lamenting their failure in this year’s U.S. farm bill debate to more successfully impose stricter caps on farm subsidies to larger growers. The Senate version would limit farms to one manager eligible for a maximum of $700,000 per year. Part of the reason for members of Congress demurring on the topic is the status of farm country this year. Commodity prices have been depressed due to supply and the trade war. This oddball left-right coalition has now worked together against four farm bills, and if the two factions could not be successful in lowering the cap on farm subsidies in 2008 and 2012 when overall farm income was strong, they are not going to get a majority of politicia...

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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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