World Perspectives

Atmanirbhar Bharat Abhiyan

U.S. agriculture representatives returning from a trade mission to India are all excited about their prospects for boosting sales to the world’s most populous country. They are likely suffering from what the great psychologist and behavioral economist Daniel Kahneman called focusing illusion. India claims to be food insecure and demands the use of trade destabilizing mechanisms such as food stockholding, but it is among the world’s top 10 exporters of food. Its exports are down this year due to adverse weather, but New Delhi is acutely focused on food self-sufficiency and boosting exports to help its farmers.  The Dominican Republic, which has the same per capita income as India but only 0.79 percent of the population is a...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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