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Why Iowa farmers need export markets

Why Iowa farmers need export markets. Microsoft photo. Original 9/12/08 Joel Severinghaus. Modified 12/18/18 Chad Hart. Why do Iowa 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

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Why Iowa farmers need export markets

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  1. Why Iowa farmers need export markets Microsoft photo Original 9/12/08 Joel Severinghaus Modified 12/18/18 Chad Hart

  2. Why do Iowa 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 Iowa farm income

  3. That’s where the customers are Wal-Mart photo In China since 1996, 424 stores Walmarts, Sam’s Clubs, and Neighborhood Markets

  4. True or false? 1. Two-thirds of the people on this planet are Asian. False.

  5. 96% of the world’s population lives outside the US Source: CIA World Factbook

  6. True or false? 2. China, India, and Indonesia have the three largest populations. False. The US is # 3.

  7. Top 10 populations Source: CIA World Factbook

  8. True or false? 3. Over the next 40 years, the highest population growth rate will be in India. False. In Africa.

  9. Population growth 2017 to 2050 Source: World Bank

  10. That’s where the economic growth is Hong Kong

  11. True or false? 4. Pakistan’s economy is growing faster than the US economy. True.

  12. Economic growth rates Source: CIA World Factbook

  13. Sources of US petroleum imports, 2017 Source: U.S. Energy Information Administration

  14. Size of economy Source: CIA World Factbook

  15. Chinese economic growth: 1990 Beijing

  16. Chinese economic growth: 2005 mcchronicles.blogspot.com photo AP photo Dongguan, Dec. 10, 2005: McDonald’s opens first drive-thru in China; half of the 100 restaurants plan to open each year will have drive-thrus

  17. Chinese economic growth: 2008 1000 more cars added to the streets of Beijing every day

  18. Chinese economic growth: 2011 Open 24 hours Delivery 24 hours More than 2,300 McDonald’s in China

  19. 10 largest economies (GDP rank) 2017 China US India Japan Germany Russia Indonesia Brazil UK France Source: PwC, The World in 2050, January 2011

  20. True or false? 5. There are more middle-class consumers in India than in the US. True.

  21. “Middle class” population growth in developing countries 2009 to 2030 India’s middle class already out-numbers total US population Source: OECD, , The Emerging Middle Class in Developing Countries, Homi Kharas, January 2010

  22. 13 countries over 100 million population Bubble size: population in 2017 Sources: CIA “World Factbook”, U.S. Census Bureau

  23. That’s where the consumption growth is Hong Kong

  24. Trends in US protein consumption Source: USDA Economic Research Service “Food Availability” data sets

  25. True or false? 6. The highest pork consumption growth is in Mexico. False.

  26. Pork consumption growth Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  27. Chicken consumption growth Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  28. True or false? 7. Beef consumption in India has tripled in the past 20 years. False, but it’s close.

  29. Beef consumption growth Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  30. Religion in India They eat beef in India? The Hindus don’t, but some of the Muslims do. About 150 million people -- third largest Muslim population after Indonesia and Pakistan Source: CIA World Factbook

  31. True or false? 8. Milk consumption in India is growing faster than in China. True. But it depends on the time frame.

  32. Fluid milk consumption growth Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  33. Over 1,600 Pizza Hut restaurants

  34. Baskin Robbins has 90 locations in China, 2014 Plans were for 249 more locations over the next 10 years

  35. 554 Subways in China

  36. More than 3,000 Starbucks

  37. True or false? 9. China consumes more soybean meal than the US. True.

  38. Soybean meal consumption Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  39. Corn consumption Source: USDA Foreign Agriculture Service PSD Online 1/20/18

  40. We produce surpluses Heart of Iowa Co-op, Nevada

  41. True or false? 10. We export about a fifth of the US corn crop. False. But we previously did.

  42. US corn use Source: USDA WASDE reports

  43. True or false? 11. We export about a tenth of US dairy production. False. Now about 20%.

  44. Export share of US production, 2018 Source: USDA WASDE

  45. True or false? 12. Japan is our # 1 ag export market. False. Used to be, before NAFTA.

  46. Top ten US ag export markets, 2017 Canada & Mexico buy 28% of US ag exports Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

  47. NAFTA Agricultural trade with Canada Two-way trade up 395% since NAFTA Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

  48. NAFTA Agricultural trade with Mexico Two-way trade up 577% since NAFTA Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

  49. Exports are crucial to Iowa farm income Microsoft photo

  50. True or false? 13. Iowa ranks # 3 in state ag exports. False. # 2.

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