India's Economic Growth Are India's economic woes over, and could there be an economic turnaround? Experts believe that a turnaround could happen in the next six months. While many analysts, including those with the International Monetary Fund (IMF), trimmed India's GDP growth forecast to 4.9 percent for 2012 and 6.1 percent for 2013, Indian government officials are optimistic that the country can support 8.2 percent growth as long as its fiscal deficit can be trimmed to 3 percent of GDP or lower. There was a slight improvement in India's industrial output for August, and there was a small cut in interest rates. If liquidity is good, interest rates could be cut further. According to reports, India's fiscal deficit was $16.55 billion in t...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.