USDA's latest WASDE report puts the new Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) programs more in play with news of good crop conditions and projections of increased ending stocks for corn and soybeans.Last week we reported on the farm bill implementation hearing held by the House Agriculture Committee's subcommittee on General Farm Commodities and Risk Management. We noted that between the two programs that farmers can choose, Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC), there were certain crops to watch as to whether price or revenue coverage was the correct option. These included wheat, rice, sorghum and even corn for the reference price under the PLC coverage. USDA's latest WASDE report puts the ne...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.