New Year Prospects for India's Economy The new fiscal year in India has begun, which means there are new goals for the country's economy. India's economic growth in 2012/13 was slow; at best it was 5.2-5.5 percent. Targeted growth in India's 12th Five-Year Plan (2012-17) is 8 percent. To reach that level, India must grow more than 9 percent for at least two to three years. The budget presented in February projected growth in 2013/14 to be 6.5 percent. To stay on track, growth in 2014/15 must be 7 percent or higher and growth in 2015/16-2016/17 must be close to 9 percent.One major problem for India at present is the current account deficit (CAD), which was high at 6.7 percent of GDP during the third quarter FY 2012/13. Some of the CAD has...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
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.