There is hope that India's new government will bolster the economy's upward turn with revisions in policy. Industrial production rose in April 2014 as inflation decreased, but the delayed monsoon season brings concern about its impact on crops and agricultural output. New Hope for the Indian Economy It seems that the appeal of the new government is bringing cheer to the Indian economy. Industrial production in April 2014 rose 3.4 percent, which is the highest since March 2013. Inflation, calculated as the Consumer Price Index (CPI), decreased to 8.28 percent in May 2014 from 8.59 percent in April 2014. Core inflation fell to 7.72 percent from 7.8 percent during the same period, while food inflation dropped to 9.56 percent from 9.83 percen...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.