World Perspectives

Hemp: Racing to the Bottom

Rarely has a new commodity provided such interest and optimism as hemp, but as the regulatory framework slowly catches up to the market’s hopefulness, things are turning bearish for the whole sector.   According to the Group Vote Hemp, in 2017, there were about 25,713 acres of hemp; in 2018 that increased to 78,176 acres.  Based on state registration data in 2019, there are 561,577 acres (and an additional 166,616,212 square feet of greenhouse space) registered to legally grow hemp – a more than 620 percent increase compared to last year. Production started under the 2014 Farm Bill, which allowed for qualified research projects of  hemp production, and culminated in Section 12619 of the Agricultural Improve...

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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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