World Perspectives
energy

House Budget Reconciles Ag

House Budget Committee Chairman Paul Ryan (R-Wisconsin) today released his "Chairman's mark" budget. The House Budget Committee is scheduled to markup the resolution tomorrow. The proposal, once again called The Path to Prosperity, highlights some overall comparisons between the farm economy and the regular economy.According to the budget proposal, net farm income this year is forecast to be "modestly lower than last year's very high level, but would still be the third-highest inflation-adjusted income level recorded since 1980." Ryan's budget notes that the last decade has been kind to farmers, with the "top five earnings years for farmers in the last 35 years" occurring during this period. There are, however, "numerous overlapping gover...

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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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