Some recent legislative developments on Capitol Hill are a good sign that the farm bill is still in the process of being baked; lawmakers are introducing and moving on various “placeholder” proposals to position them for the farm bill debate. First, California Proposition 12. As Gary Blumenthal mentioned today, there is a bill in the Senate to block Prop 12. Senator Roger Marshall (R-Kansas) introduced the measure which would address California’s Proposition 12 – upheld by the Supreme Court on 11 May – and Massachusetts’ Question 3, with a two-pronged approach. First, it would prohibit regulations like Prop 12 and Question 3 by prohibiting states from “imposing a standard or condition of the prehar...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.