Weather Projections made by NOAA on 20 June for the rest of the year show, for the third consecutive month, a decrease in the predicted cooling of the sea surface temperature in the central equatorial Pacific compared to what was calculated in March this year. This indicates that the intensity of La Niña, which will develop starting in September 2024, will be less severe than anticipated in March 2024. The models now clearly show a trend toward a moderate La Niña, which will likely mean less noticeable impacts on global weather patterns (and crop production) than the last, very strong La Nina in 2022. Wheat Argentina’s wheat planting has covered 81 percent of the projected 6.3 Mha for the 2024/25 cycle, and adva...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.