India's 2014/15 budget attempts to target economic growth at 7–8 percent over a three-four year period after less than 5 percent growth for the past two years, and agriculture remains a high priority. Economic Survey of India: Key Points The most recent report from World Bank pegs India as the 10th largest economy in the world in terms of Gross Domestic Product (GDP). GDP growth was approximately 6 percent from 1980-2010, but has slowed down to 4.5 percent in recent years, especially in 2014/15. India's growth has been largely driven by the services sector that comprises over half of the economy, while the agricultural, manufacturing and particularly the industrial sectors have slowed down significantly, according to the Economic Survey o...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.