World Perspectives

Industrial Farm Policy

China has announced that its state policies to support food production will be increased. Nearly every country has an industrial farm policy. The OECD estimates that of the 54 countries monitored, $817 billion is spent annually in support of agriculture. But some are more effective than others. The OECD estimates that 10.5 percent of U.S. farm receipts are the result of policy-based support, while in Europe it is 17.5 percent of farm receipts derived from policy support. Yet the U.S. produces 8.5 percent more food per capita. New Zealand farmers receive 94 percent less income support from government than U.S. farmers, yet they produce just 16.7 percent less food per capita. Farmers in Europe are now concerned about the quid pro quo being d...

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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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