Supply Policies India’s pursuit of public stockholding of food surpluses is an old answer to an even older question – what policy to use to manage supply/demand imbalances. Then there is the issue of the externalities resulting from any of the chosen approaches. Just three countries, Brazil, the U.S. and Argentina, grow 81 percent of the world's soybeans. California grows 80 percent of the world’s almonds. William Galston of the Wall Street Journal posits that the quest for efficiency, like almond production in California, soybeans in Brazil or cheese in Europe, eliminates the redundancies that might otherwise make the food system more resilient. There is no easy answer to the conflict between efficiency and resiliency an...
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.