After two failed monsoons and higher food demand for its population of 1.26 billion, India is gradually becoming a net importer as the country's water crisis is having a severe impact on a variety of crops there. Sugarcane FRP to Remain Unchanged The Fair Remunerative Price (FRP), the legally guaranteed minimum price, of sugarcane remains unchanged at Rs. 2,300/MT ($34.32/MT) for the next season startign October 2016. It is fixed after consideration of the farmers’ margin and based on the cost of production, including transportation. However, state governments can establish a higher price. Additionally, the state-advised price (SAP) and millers’ offer prices can be above the FRP, which is linked to a basic sugar recovery rate of 9.5 perce...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.