World Perspectives

One Sided Equation; Then and Now

One Sided Equation Canada and Mexico are America’s largest trading partners. U.S. exports of row crop commodities have benefited from the USMCA, as highlighted by Mexico’s retraction of its proposal to ban GMO corn, and main line U.S. agricultural groups lined up last week at the USITC to recommend a 16-year extension of the trade pact. But to the Trumpian ear, these groups only saw one side of the equation, U.S. exports. These groups understandably want their good times to continue to roll but they fail to address the elephant in the room.  The U.S. trade deficit with Canada and Mexico worsened under USMCA. It worsened even more in agriculture. It can be, and it is argued that trade deficits do not matter. But that does no...

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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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