Iowa’s Position in Global Agriculture and Bioenergy Chad Hart chart@iastate.edu 515-294-9911 ISU Extension ANR Lunch and Learn Bioeconomy Community Conversation II: Food, Feed, and Fuel Ames, Iowa October 3, 2008 1

Iowa’s Agricultural Rankings 1st: Corn Production Soybean Production Field Crop Value Egg Production Hog Inventory Hog Value on Farm Commercial Hog Slaughter Crop Harvested Area 2nd: Pig Crop Red Meat Production Total Crop Value 3rd: Number of Farms 4th: Net Farm Income Alfalfa Hay Production Steers – 500 Lbs. & Over 5th: Oat Production Cattle & Calves on Feed 6th: Heifers – 500 Lbs. & Over 7th: All Cattle & Calves 8th: All Hay Production All Sheep & Lambs 10th: Land in Farms Calf Crop Turkeys Raised Source: USDA-NASS

Iowa’s Alternative Energy Sources Ethanol: 32 plants in operation 12 plants under construction Ranked 1st in ethanol production Biodiesel: 14 plants in operation 2 plants under construction Wind: Ranked 4th in wind energy production Ranked 1st in ratio of wind/total energy

Value of Production Source: USDA-ERS

Factors Behind Higher Crop Prices Strong export demand Weak U.S. dollar Biofuel growth worldwide Over 40 countries pursuing biofuels Lower crop production in several countries Higher income in developing countries Growing world population

Cost of Purchased Inputs Source: USDA-ERS

Net Farm Income Source: USDA-ERS

World Crop Production Rest-of-World Soybean Production Up 1076% Rest-of-World Corn Production Up 99% Rest-of-World Wheat Production Up 63% Source: USDA-PSD Database

Projected World Crop Production Source: FAPRI, 2008 Baseline

Factors Behind Higher Crop Prices Strong export demand Weak U.S. dollar Biofuel growth worldwide Over 40 countries pursuing biofuels Lower crop production in several countries Higher income in developing countries Growing world population

Thanks for your time! Any questions?