World Perspectives
feed-grains soy-oilseeds wheat

Crop Budget

The crop budget worksheets are of course only estimates, and virtually every producer will have a different set of numbers. Yields are always the key factor in these types of profit/loss exercises.As mentioned in Monday’s analysis, many of the university extension services now have 2016 crop budget worksheets available on their websites. The bottom line projections are break-even at best, but they mostly show negative returns per acre even before setting aside some dollars for “return to labor and management” (i.e., any cash for living expenses, etc.). A quick look at the numbers for southeastern North Dakota and western Minnesota ranks the crops that follow in order of best to worst. The best case in these projections is the least loss. Be...

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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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