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Trade Issues & Policy: Impacts for Iowa Agriculture

Explore the impacts of trade issues and policies on Iowa agriculture in 2015, focusing on NAFTA renegotiation and the state's export rankings. Dive into data on agricultural trade with Canada and Mexico, top exports from Iowa, and U.S. agricultural trade dynamics. Learn about the value of agricultural trade and its significance for Iowa's economy.

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Trade Issues & Policy: Impacts for Iowa Agriculture

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  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 chart@iastate.edu 515-294-9911

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

  8. NAFTA Agricultural Trade with Mexico 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 405 million 3. Aircraft engines/parts 264 million 4. Harvesting machinery 259 million 5. Aluminum alloy plates 250 million 6. Front-end loaders 179 million 7. Special purpose vehicles 152 million 8. Excavators 119 million 9. Ag/Hort/Forestry mach. 116 million 10. Medical instruments 105 million Source: http://www.census.gov/foreign-trade/statistics/state/data/ia.html

  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

  17. Source: USDA-FAS

  18. World Corn Markets Source: USDA

  19. Arable Land

  20. 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/

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