World Perspectives
wheat

Lowest Cost versus Export Share

The lowest cost producer is generally thought to have the advantage on market share, assuming all other resources are available. Indeed, Russian farmers have the lowest reported producer price for wheat and have the largest global export share. However, that is where it ends. The EU reports a higher average producer price but commands a larger share of global wheat exports than some lower priced producers. However, this could relate to quality, the cost of shipping and other intermediaries, etc. There may also be flaws in the producer price data. India and Argentina are both major global suppliers of wheat but do not report a producer price to the FAO. There may also be government programs that distort the outcome.  Most impressive in...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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