World Perspectives
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Volatility in Pistachios

The U.S. first displaced Iran as the world’s leading producer of pistachios in 2012 and for the past four years it has not even been a contest. Iran’s downfall was in part U.S. trade sanctions, but also its failure to manage water resources and disease problems properly. While the pistachio tree is largely a desert plant, water problems may yet befall the U.S. industry, which is largely based in California. However, another noticeable problem for pistachio production generally is volatile income from year to year since it is a biennial-bearing crop. Turkey has been expanding pistachio production relatively quickly and has surpassed Iran in output in recent years based on an alternating production cycle. Based on FAO data, produ...

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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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