This year's polar vortex brings a whole new focus on weather and its impact on the overall economy.Every speechwriter in Washington, DC who has put pen to paper about agricultural policy has certainly used the above title as a phrase about the risks inherent in farming, a business that is indeed subject to the vagaries of weather. In recent years, we've had planting deterred by spring flooding, livestock loss resulting from snow and drought, poultry issues due to the cold temperatures and high propane costs as well as record crop prices and petitions to waive the renewable fuel standards also because of drought.This year's polar vortex brings a whole new focus on weather and its impact on the overall economy. In addition to record cold in t...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.