The Argentine government is so desperate for foreign exchange and government revenue that it is now threatening to fine farmers who do not sell their old crop soybeans. Argentine Government Threatens to Fine Farmers Who Won't Sell Soybeans The Argentine government is so desperate for foreign exchange and government revenue that it is now threatening to fine farmers who do not sell their old crop soybeans. The warning was issued yesterday by cabinet chief Jorge Capitanich who said the government had the authority to impose the fines to "generate the conditions to preserve the interest of Argentines". He further stated that the country's large farmers who are retaining large amounts of old crop soybeans as a hedge against inflation are acti...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.