Soybean and corn prices already have fallen to unprofitable levels for nearly all farmers. The almost certain big crops this year in the U.S. and the likelihood of larger plantings next season in South America will probably result in even greater downward pressure on prices. Fantastic Crops in Northwest Iowa Driving approximately 200 miles across northwest Iowa to make a presentation yesterday in Storm Lake and Sheldon, there is no question that I have never seen better looking corn and soybeans in all my many years working in agriculture. One normally sees a fair amount of variability in the condition of crops. However, there was not one field this time that looked anything short of perfect except for a few where there was poor weed cont...
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.