World Perspectives

Farm Bill Situation: Complex, Tenuous

The House last week passed a continuing resolution (CR) to fund the federal government through 2013. And as we predicted on 10 September, the CR did not contain an extension of the farm bill. After the Jewish holiday Rosh Hashanah this week, the Senate is expected to pass the CR as soon as Thursday. Both chambers are expected to adjourn for the election for the entire month of October; the House already has cancelled its session for the first week of October and the Senate is likely to follow suit.Attention, therefore, is turning to an extension of the farm bill, which technically expires on 30 September. The House Republican leadership is pushing for a three-month extension, which pushes the expiration back to 30 December 2012, meaning tha...

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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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