World Perspectives
wheat

Rain More Important than Area

Iraq intends to expand the area planted to wheat by 20 percent, but production may not follow. But like much of the Middle East, wheat output is highly dependent on rainfall. Production in Iraq has been far more volatile than the area under sowing. Climate change may worsen crop output.  Wars and political strife do not help and seeking to fill the void caused by Black Sea disruptions is understandable. Alternative approaches include increased investment in irrigation, or producing and exporting higher value alternative crop to trade for wheat grown more easily elsewhere. After all, Iraq and other countries correctly and effectively use wheat imports as a one-for-one substitution for domestic shortfalls. But food security is always fa...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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