World Perspectives

Crop Program Payment Estimates for 2024

Today, sign-up for the Ag Risk Coverage (ARC) and Price Loss Coverage (PLC) programs closes; without a new farm bill, no changes have been made to either program. Producers can choose between the price triggered PLC and the revenue triggered ARC. ARC comes in two forms, ARC County (ARC-CO) and ARC Individual (ARC-IC). The calculations for the ARC-IC program are the same as for the ARC-CO program, except ARC-IC uses farm-level yield data and considers all crops on a farm unit together for calculation of potential payments in a given year. PLC and ARC-CO payments are paid on 85 percent of crop base acres, while ARC-IC payments are paid on only 65 percent of base acres. The 2023 farm program yields on individual farm units, which were last up...

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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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