Regional News In Monday’s Crop Monitoring bulletin, the European Commission noted that spring weather, which predominantly featured above-average temperatures and insufficient precipitation, caused a reduction in crop yields for most commodities. France has been afflicted with particularly unfavorable weather, especially for winter crops, and the Commission noted that yield forecasts for all winter crops are below trendline levels for the country. The drought in Germany is dire with April rainfall being the second smallest recorded in the past 40 years. Fortunately, the drought came at a time of cooler-than-normal weather, which helped advance crop development. Similarly, the drought in Romania is worsening and parts of Bulgari...
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.