World Perspectives

Illogical War; Illogical Reparations; Precaution or Hysteria?; Relations and Wars

Illogical War One can imagine more sophisticated approaches to rebalancing trade concessions than the one undertaken by the Trump administration. The president’s assertion was that a larger trade deficit and lower average tariffs mean the U.S. is in a stronger negotiating position. However, that assumes undertaking disproportionate actions (i.e., the U.S. rebuffs more imports than the counter-party can rebuff from America). Yet at this juncture, it is simply hurting both sides equally. Also unclear is the renegotiation of NAFTA, whereby USDA says Canada need not make changes to its most egregious supply management programs.   Illogical Reparations Still bouncing around Washington ag circles is the idea of compensating U.S. fa...

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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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