World Perspectives

Food Price Outlook Improves

There are often lags in time between when consumers notice a change in the economy, they begin to voice concerns, politicians begin to echo those concerns, and ultimately policymakers take some form of action, if any. Food price inflation is a perfect example of that dynamic. Democratic presidential candidate Kamala Harris says she will ban price gouging. The practice is usually found during extraordinary circumstances when the normal forces of supply and demand are unavailable. There are already regulations against it in most U.S. states, though none have been triggered by elevated food prices in recent years. Based on USDA’s latest projection of food price inflation for 2024 and 2025, the problem, if there was one, looks to be resolv...

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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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