For the past few years, Indian farmers producing coarse cereals (corn, pearl millet, sorghum) increased their crops as prices grew much higher than the MSP. With the current decline in those commodity prices, however, they will not be able to meet their input costs. Paddy Procurement Slow – Quality an Issue The Food Corporation of India (FCI) and state agencies are responsible for the procurement of rice and wheat as well as ensuring that farmers receive the government-set Minimum Support Price (MSP). The market year for rice spans from the beginning of October through the end of September in the following year. Although the 2014/15 procurement target has been set at 30 MMT, the pickup is slow for various reasons including a delay in the...
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.