World Perspectives

Formulaic Trade War; Squeeze on the House; Hypocritical Food Angst

Formulaic Trade War Ahead of a Senate Agriculture Committee hearing today on U.S. agricultural trade, USDA released the formula it used to calculate compensation under its trade mitigation package. Corn growers were upset that the formula results in just $0.01/bushel. USDA officials admitted that they pondered whether a single penny was worse than nothing at all but felt a moral obligation to award what the formula directed. There were various methodologies negotiated within the administration, but the one ultimately used is consistent with the approach the U.S. must take in justifying the outlays to the WTO. The hearing itself reinforced the angst in farm country over being at the point of the spear in President Trump’s trade war...

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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.

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