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Iowa's Role in Agriculture and International Trade: Tariffs and Trade Agreements Matter

This article explores the significance of Iowa's agriculture industry in international trade, highlighting the importance of tariffs and trade agreements. It discusses Iowa's top manufactured exports and state export rankings in various agricultural categories.

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Iowa's Role in Agriculture and International Trade: Tariffs and Trade Agreements Matter

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  1. 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

  2. Arable Land

  3. Iowa’s Economy

  4. 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

  5. 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”

  6. Source: USDA-FAS

  7. Value of Ag Trade Source: USDA-FAS

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

  9. Key Findings

  10. Want to provide feedback on my presentation?https://www.surveymonkey.com/r/ChadHart

  11. 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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