World Perspectives

Proposed FMMO Reforms Submitted to USDA AMS

As we outlined back in March, reform to the Federal Milk Marketing Order (FFMO) pricing formula is a good bet for the farm bill. Indeed, reform efforts are underway administratively now; the National Milk Producers Federation (NMPF) has petitioned USDA for a hearing on a comprehensive reform plan to the FMMO, and that petition has the support of the American Farm Bureau Federation. The groups have been working for years on FMMO reforms; they’ve submitted five proposals to USDA including:  Revert to the “Higher-Of” Class I Mover Prior to the 2018 farm bill, under the FMMO, Class I milk prices were calculated by using the higher of Class III and IV advanced skim milk prices (SMP). In 2018, that was changed to an averag...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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