World Perspectives

Happy USMCA Day – Enjoy it While it Lasts

On Wednesday 1 July, the new USMCA will enter into force, and potentially lead to a lot more North American trade disputes than we’ve seen in the past year. (USMCA is a  rewrite of NAFTA that President Trump ran on in the 2016 election). A number of industry groups have been pressing the USTR to take action against either Canada or Mexico once the actual trade agreement terms are in place. Among those groups is the U.S. National Milk Producers Federation (NMPF). Their spokesman stated that Canada has tried to undermine every agreement it has been in since the original U.S.-Canada FTA precursor to NAFTA. The gains for U.S. dairy in the agreement were, first, the elimination of the Class 7 milk price scheme which resulted in unde...

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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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