World Perspectives

Millennial Challenge

Research by USDA/Economic Research Service (ERS) economists Annemarie Kuhns and Michelle Saksena reveals the contradictions and challenges posed to the food system and policymakers by the millennial generation. In contrast to older consumers, Kuhns and Saksena found that millennials demand healthier, fresher foods while also placing a higher priority on convenience, and thus they consume more prepared foods and meals sourced away from grocery stores. They are more likely to buy organic but also tend to purchase food at a gas station. Although millennials consume less animal protein, they have a higher share of sugar, candy and red meat consumption as their income rises. Stepping into this challenge is a second ERS study on food labeling ov...

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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.

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