Associate Professor/Crop Marketing Specialist Iowa’s Role in Agriculture and International Trade: Why Tariffs and Trade Agreements Matter Nov. 25, 2018 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911 1 1

Arable Land

Iowa’s Economy

Iowa’s top 10 manufactured exports, 2016 1. Tractors $633 million 2. Herbicides 365 million 3. Aircraft engines/parts 262 million 4. Aluminum alloy plates 209 million 5. Nucleic acids and salts 164 million 6. Special purpose vehicles 157 million 7. Track-laying tractors 141 million 8. Front-end shovel loaders 116 million 9. Medical instruments 102 million 10. Refrigerating equipment 101 million Source: http://www.census.gov/foreign-trade/statistics/state/data/ia.html

Iowa’s state export rankings, 2016 # 2 Soybeans $3.113 billion # 1 Pork $1.999 billion # 1 Corn $1.747 billion # 1 Feeds $1.321 billion # 2 Soybean meal $557 million # 2 Vegetable oils $390 million # 4 Beef $384 million # 2 Hides $237 million # 12 Dairy $113 million Source: USDA Economic Research Service, “State Export Data”

Source: USDA-FAS

Value of Ag Trade Source: USDA-FAS

U.S. Ag Exports Source: USDA-FAS

Key Findings

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Thank you for your time. Any questions. My web site: http://www2. econ Thank you for your time! Any questions? My web site: http://www2.econ.iastate.edu/faculty/hart/ Iowa Farm Outlook: http://www2.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/