President Biden and his economic team attacked the U.S. meat industry this year for being greedy. Meanwhile, he has politely asked the oil industry to please produce more product so that gasoline prices fall. Note that Tyson’s stock price versus a year ago is down 4.7 percent while Exxon Mobile is up 47 percent. The definition of greed is an intense and selfish desire for something, especially wealth and power, so presumably it takes greed to run and win the presidency. Meanwhile, one could say greed is occurring in China, where that single nation hoards half the world’s supply of surplus grains. Meanwhile, it has failed to even come close to the purchases of U.S. goods it agreed to under the Phase One trade agreement. Th...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
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.