World Perspectives
wheat

Not on My Turf

In 1968, the U.S. had 29 percent of the global market for wheat flour and Turkey had a 0.004 percent share. By 2019, The U.S. share was down to 3.4 percent and Turkey dominated the market with a 41.4 percent share. Turkey achieved this shift despite having a relatively uncompetitive wheat production system. Turkish wheat is typically priced 5-10 percent higher than U.S. wheat. It should be noted that the U.S. share has declined as food aid shipments of wheat flour dwindled and Washington adopted more cash in lieu of commodities in food aid.  Turkey uses domestic subsidies and organized exports via its state-owned enterprise, the Turkish Grain Board. It also benefits from geographic proximity to large Middle East wheat flour importers,...

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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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