World Perspectives

Governments Remake Economy

Government Recession: Economic recessions are typically caused by misallocated resources in the marketplace. Policymakers ride to the rescue with bailout packages and proposed rules to supposedly stop the bad actors from repeating their folly. However, this impending recession will be different in that it will be explicit government policy that will cause it. Shutting down schools, restaurants and other efforts to isolate (quarantine) potential sources of infection will be the cause. Governments are not just destroying demand, but they are also manipulating the supply side.  Protectionism: Politicians know that it is their publics that will judge the effectiveness of coronavirus management efforts. Banning the export of surgical masks...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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