1. Trade Issues & Policy: Impacts for Iowa Agriculture
2017 Iowa Farm Bureau Economic Summit
Ames, Iowa
July 20, 2017
Chad Hart
Associate Professor/Crop Marketing Specialist 1 1

2. Source: USDA-FAS

3. Source: USDA-FAS

4. Source: USDA-FAS

5. Value of Ag Trade
Source: USDA-FAS

6. U.S. Ag Exports
Source: USDA-FAS

7. Agricultural Trade with Canada
NAFTA
Two-way trade up 393% since NAFTA
Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

8. Agricultural Trade with Mexico
NAFTA
Two-way trade up 517% since NAFTA
Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

9. NAFTA Renegotiation
Source: USTR

10. NAFTA Renegotiation
Source: USTR

11. NAFTA Renegotiation
Source: USTR

12. NAFTA Renegotiation – Ag Objectives
Source: USTR

13. NAFTA Renegotiation – Ag Objectives
Source: USTR

14. Iowa’s top 10 manufactured exports, 2015
1. Tractors $764 million
2. Herbicides million
3. Aircraft engines/parts 264 million
4. Harvesting machinery 259 million
5. Aluminum alloy plates 250 million
6. Front-end loaders million
7. Special purpose vehicles 152 million
8. Excavators million
9. Ag/Hort/Forestry mach. 116 million
10. Medical instruments million
Source:

15. Iowa’s state export rankings, 2015
# 2 Soybeans $2.516 billion
# 1 Pork $1.988 billion
# 1 Feeds $1.506 billion
# 1 Corn $1.398 billion
# 2 Soybean meal $639 million
# 2 Vegetable oils $392 million
# 4 Beef $356 million
# 2 Hides $293 million
# 12 Dairy $122 million
Source: USDA Economic Research Service, “State Export Data”

16. U.S. Ag Trade
Source: USDA-WAOB 16 16

17. Source: USDA-FAS

18. World Corn Markets
Source: USDA 18 18

19. Arable Land

20. Thank you for your time. Any questions. My web site: http://www2. econ
Thank you for your time! Any questions? My web site: Iowa Farm Outlook: Ag Decision Maker: