Regional News Russia’s Agricultural Ministry last week outlined a strategy to increase the country’s agricultural exports to $45 billion by 2035. The plan includes a grain crop of 150.3 MMT by the target date as the country looks to invest 4.4 trillion rubles (about $70 billion) from a combination of private investment, government funds, and financing. The 2019/20 Russian grain crop is estimated at 118 MMT. The European weather remains largely non-threatening for the coming week with precipitation near average levels, except for southern Germany and Italy that will see below average rainfall. The 8-14-day outlook, however, offers more rain for western France and Europe while Southeast Europe remains normal/slightly dry...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
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.