USDA’s 30 November farm income forecast shows net farm income at $151.1 billion for CY 2023, a decrease of $31.8 billion, or 17.4 percent, relative to 2022 in nominal dollars. In inflation adjusted dollars, net farm income is forecast to drop $37.9 billion, or 20 percent from 2022. This is a slight improvement over the August forecast of a 23 percent nominal drop. Net farm income in 2022, however, was a record high $182.2 billion, up 30.2 percent from 2021, still leaving net farm income in 2023 at 31.4 percent above its 20-year average (2003–22) of $115 billion in inflation-adjusted dollars. Below is a look at income by commodity; cash receipts are forecast down 4.7 percent for all crops and down 5 percent for livestock and pro...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.