World Perspectives
farm-inputs

Feast or Famine

The COVID supply chain meltdown created anxiety over the availability of agricultural inputs. This compelled many operators to look forward and lock in their needs for 2023, often at elevated prices. This buy-high insurance marker has been met with ammonia prices that have now fallen by 50 percent, and a phosphorous value that has dropped by 20 percent. Rabobank now says that fertilizer is the most affordable it has been since 2004. Natural gas prices fell and now those that locked in their prices are paying the price of a classic commodity supply-demand cycle.  Jim DeLisi of Fanwood Chemical told the Agribusiness Global Trade Summit that there is ample supply of glyphosate and glufosinate through 2024, though other herbicides may 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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