World Perspectives

Shifting NAFTA Implications; WTO Risks and Reforms; Ailments for Aliments

Shifting NAFTA Implications Trade consultant Dan Pearson notes that the USITC’s analysis (see Gambling Everything; 03 December) of the USMCA could indicate a negative economic impact relative to NAFTA. This outcome is possible due to USMCA’S protectionist provisions such as the rules of origin for automobiles. In that case, President Trump’s threat to cancel NAFTA would be necessary since it would make no agreement worse than the only other option available - USMCA.  The Democrats have historically been more negative toward NAFTA, and so it is notable that incoming House Majority Leader Steny Hoyer (D-Maryland) says that terminating that agreement “would be a big mistake.” If the USMCA is negative relati...

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Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

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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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