While India's consumers are benefiting from more vegoil imports at lower prices, its farmers and processors find those low prices are making oilseeds unprofitable. As a result, they want the government to take certain action. Brazil’s Agriculture Ministry Expects Soy Area to Increase in 2017/18 Today the executive secretary of Brazil’s Ministry of Agriculture predicted the country’s soybean planted area will expand 2-3 percent in the upcoming growing season, which would mean an additional 676,000-1.014 million hectares (1.67–2.5 million acres). He indicated most of the growth will be on newly cleared land in the states of Maranhao, Tocantins, Piaui, and Bahia. The ministry spokesman partially based his forecast on expectations of the Braz...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.