India’s 2016/17 union budget was released and has been hailed as rural-centric with an emphasis on agricultural growth and sustainability. When the Modi government took office, the clear message was to “grow more from less,” which this budget aims to fulfill. 2016/17 Union Budget and Agriculture India’s 2016/17 union budget was released by the Modi government and has been hailed as rural-centric with an emphasis on agricultural growth and sustainability. The idea is to “transform India” via agriculture, and the budget aims to double the average farmer’s income by 2022. The total allocation for agriculture was increased by 27 percent to $6.494 billion, which also includes the interest subsidy. The additional funds are expected to be used f...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.