1. Associate Professor/Crop Marketing Specialist
Iowa’s Role in Agriculture and International Trade: Why Tariffs and Trade Agreements Matter
Aug. 29, 2018
Chad Hart
Associate Professor/Crop Marketing Specialist 1 1

2. World Corn Production
Source: USDA-WAOB 2 2

3. World Soybean Production
Source: USDA-WAOB 3 3

4. 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”

5. Iowa’s top 10 manufactured exports, 2016
1. Tractors $633 million
2. Herbicides 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 million
8. Front-end shovel loaders 116 million
9. Medical instruments million
10. Refrigerating equipment 101 million
Source:

6. Iowa’s Economy

7. Links to Manufacturing
Farm Machinery

8. Links to Government
Dept. of Ag.

9. Links to Real Estate
Farm Leases

10. Links to Finance and Insurance
Crop Insurance

11. Links to the Rest of the Economy

12. Source: USDA-FAS

13. Source: USDA-FAS

14. Source: USDA-FAS

15. Source: USDA-FAS

16. Value of Ag Trade
Source: USDA-FAS

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

18. Why do U.S. farmers need export markets?
That’s where the customers are
That’s where the economic growth is
That’s where the consumption growth is
We produce surpluses
We only eat high on the hog
Exports are crucial to farm income

19. 96% of the world’s population lives outside the US
Source: CIA World Factbook

20. Population growth 2017 to 2050
Source: World Bank

21. Economic growth rates
Source: CIA World Factbook

23. Top ten US ag export markets, 2016
Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

24. Top 10 ag exporting states, 2016
Source: USDA Economic Research Service, “State Export Data”

26. Population vs. arable land
Share of global Share of global
population arable land
China 19% 5%
India 17% 10%
US 4% 13%

27. Arable Land

28. Want to provide feedback on my presentation. https://www. surveymonkey

29. 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: