World Perspectives

Recent Macroeconomics Analysis

Production Priority over Consumption

Americans consume more than the dietary guidelines recommend for meat and grains while under-consuming fruit and vegetables. Vegetable consumption has been rising and is now at around 70 percent of recommended levels. This has been helped in part by fresh, low-cost supplies from Mexico. The U.S...

Pandemic Not Fully Reflected

The Pew Research Center has attracted a lot of ink for its analysis of losses to middle income earners from the pandemic. Its data, derived from World Bank and IMF numbers, show the greatest loss of the middle class in South Asia, followed by East Asia. The advanced economies saw growth in the...

livestock

Russia and Argentina: Fighter Jets, COVID Vaccines, and Beef

During the administrations of Presidents Marci and Trump, relations between the U.S. and Argentina started to improve. For example, the Trump Department of Commerce accepted Argentina’s petition for a “changed circumstances” review of the countervailing duties placed on import...

You Will Buy This

The Livestock Environmental Assessment and Performance Partnership (LEAP) claims that pro-environment “ecolabels” are more appealing to shoppers. Meanwhile, Compassion in World Farming says consumers are willing to pay more for animal products with grown humanely labeling. Dispassio...

biofuel

Infrastructure Plan: Ag Provisions and Politics

Last week, President Biden unveiled a major $2 trillion infrastructure package, the American Jobs Plan. From agriculture’s perspective, the plan is a mixed bag, but mostly positive proposals in terms of infrastructure upgrades. Inland waterways, ports, and in-land ports of entry would r...

Climate Change and Irrigation

According to a study in the journal Environmental Research Letters, the adverse impact from heat and drought over the past 50 years in Europe have tripled crop losses from 2.2 percent to 7.3 percent. The impacts have been higher for row crops such as grains used to feed livestock. This is likel...

Taiwan – Tip of the Spear

It is unclear which of several geopolitical rifts (Xinjiang, Hong Kong, Taiwan, South China Sea, etc.) between China and the west is going to prove the tipping point toward open conflict but there are ample opportunities. Beijing’s latest move was to reduce and control the number of elect...

feed-grains

Fewer Acres, More Stocks

Chicago underwent some serious adjustments ahead of tomorrow's market influencing USDA reports. Based on the accuracy of Reuters’ survey of analysts ahead of the 31 March release of Planting Intentions reports and the 1 March quarterly stocks reports, farmers tend to plant fewer acres of...

feed-grains soy-oilseeds wheat

Ag Review - March 2021

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue examines the oilseeds, produce and organic food markets, agriculture policy under the Biden Administration, as well as analysis from China, the Middle East, and Africa.   ...

China Woefully Short

According to an analysis by Bloomberg, China is far behind in making the product purchases from the U.S. that it promised in the Phase One agreement demanded by former President Donald Trump. As of the end of February 2021, China has purchased only a third of the $375 billion in goods that it c...

World Water Day

To mark World Water Day, the UN issued its World Water Development Report for 2021. Included is a highlight on best water management practices and a toolkit to help policymakers move toward a valuation of water that optimizes goals such as efficiency and balanced allocation. Water is a complica...

feed-grains

Transatlantic Alcoholic Beverage Trade

Alcohol production, whether for beverage use or fuel, is an important consumer of grain. Just like taxes, governments tend to impose higher taxes and higher import duties on so-called “sin goods” like alcoholic beverages than on other products. Moreover, like agricultural products,...

Production Priority over Consumption

Americans consume more than the dietary guidelines recommend for meat and grains while under-consuming fruit and vegetables. Vegetable consumption has been rising and is now at around 70 percent of recommended levels. This has been helped in part by fresh, low-cost supplies from Mexico. The U.S...

Pandemic Not Fully Reflected

The Pew Research Center has attracted a lot of ink for its analysis of losses to middle income earners from the pandemic. Its data, derived from World Bank and IMF numbers, show the greatest loss of the middle class in South Asia, followed by East Asia. The advanced economies saw growth in the...

livestock

Russia and Argentina: Fighter Jets, COVID Vaccines, and Beef

During the administrations of Presidents Marci and Trump, relations between the U.S. and Argentina started to improve. For example, the Trump Department of Commerce accepted Argentina’s petition for a “changed circumstances” review of the countervailing duties placed on import...

You Will Buy This

The Livestock Environmental Assessment and Performance Partnership (LEAP) claims that pro-environment “ecolabels” are more appealing to shoppers. Meanwhile, Compassion in World Farming says consumers are willing to pay more for animal products with grown humanely labeling. Dispassio...

biofuel

Infrastructure Plan: Ag Provisions and Politics

Last week, President Biden unveiled a major $2 trillion infrastructure package, the American Jobs Plan. From agriculture’s perspective, the plan is a mixed bag, but mostly positive proposals in terms of infrastructure upgrades. Inland waterways, ports, and in-land ports of entry would r...

Climate Change and Irrigation

According to a study in the journal Environmental Research Letters, the adverse impact from heat and drought over the past 50 years in Europe have tripled crop losses from 2.2 percent to 7.3 percent. The impacts have been higher for row crops such as grains used to feed livestock. This is likel...

Taiwan – Tip of the Spear

It is unclear which of several geopolitical rifts (Xinjiang, Hong Kong, Taiwan, South China Sea, etc.) between China and the west is going to prove the tipping point toward open conflict but there are ample opportunities. Beijing’s latest move was to reduce and control the number of elect...

feed-grains

Fewer Acres, More Stocks

Chicago underwent some serious adjustments ahead of tomorrow's market influencing USDA reports. Based on the accuracy of Reuters’ survey of analysts ahead of the 31 March release of Planting Intentions reports and the 1 March quarterly stocks reports, farmers tend to plant fewer acres of...

feed-grains soy-oilseeds wheat

Ag Review - March 2021

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue examines the oilseeds, produce and organic food markets, agriculture policy under the Biden Administration, as well as analysis from China, the Middle East, and Africa.   ...

China Woefully Short

According to an analysis by Bloomberg, China is far behind in making the product purchases from the U.S. that it promised in the Phase One agreement demanded by former President Donald Trump. As of the end of February 2021, China has purchased only a third of the $375 billion in goods that it c...

World Water Day

To mark World Water Day, the UN issued its World Water Development Report for 2021. Included is a highlight on best water management practices and a toolkit to help policymakers move toward a valuation of water that optimizes goals such as efficiency and balanced allocation. Water is a complica...

feed-grains

Transatlantic Alcoholic Beverage Trade

Alcohol production, whether for beverage use or fuel, is an important consumer of grain. Just like taxes, governments tend to impose higher taxes and higher import duties on so-called “sin goods” like alcoholic beverages than on other products. Moreover, like agricultural products,...

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