The lack of definition makes for some potentially problematic and unintended consequences were the term to be codified.Supreme Court Justice Potter Stewart is famous for the quote he made in reviewing a First Amendment free speech case with regard to pornography. In trying to define pornography, Justice Stewart said, "I'll know it when I see it." Much is the same with the frequently used and ill-defined term, sound science. That lack of definition makes for some potentially problematic and unintended consequences were the term to be codified. Indeed, the House farm bill contains a provision that is patterned after the Sound Science Act of 2013 which was introduced last March by Representative Stephen Fincher (R-Tennessee). He was motivated...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.