All that Glitters Is Not Gold Chief U.S. Agriculture Negotiator Doug McKalip spoke at the Minnesota Farmfest this week and said “a lot of effort” will be put into opening India’s market for U.S. agricultural products. Good, because it will take a lot of effort, and more. He and the Biden Administration are correct that the Indian market is appealing, but in the same way that pyrite (fool’s gold) is to a novice. It is the world’s fifth largest economy headed to be number three by 2030. India has compelling demographics, over 100 million are college educated and there is a proven record of manufacturing prowess. At the same time, 60 percent of the population works in agriculture and many of them are poor...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.