Under the US-Mexico-Canada Agreement (USMCA), Ottawa was to improve management of its dairy import TRQ’s and end Class 6 and 7 dairy pricing disciplines. The U.S. believed these changes would increase U.S. dairy exports to Canada by about a third, or $300 million. However, Canada has not loosened restrictions and they have increased imports from the U.S. by just $16 million or 2.4 percent. The result is that Washington will reportedly soon file a USMCA trade dispute case against Canada. Notable is the back story. The USMCA dairy provisions were pushed by U.S. Dairy Export Council CEO Tom Vilsack, also the former Secretary of USDA. Vilsack was the only Obama Administration Cabinet official to voice public support for his success...
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.