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This presentation by Chad Hart, Associate Professor, explores key factors impacting agriculture in Ames, Iowa. Topics include GDP growth, meat consumption, crop prices, and government debt projections. Gain insights into the future of corn, soybean, and liquid fuel usage, along with trade agreements and budget forecasts. For more information, visit the provided websites.
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Risk Environment for Agriculture Ag. Credit School Ames, Iowa June 4, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911
Population Source: U.S. Bureau of the Census
GDP Growth Source: USDA-ERS
GDP Growth Source: USDA-ERS
World Meat Consumption Source: USDA-PSD
World Veg. Oil Consumption Source: USDA-PSD
Corn Use for the Next Decade Source: USDA-ERS
Soybean Use for the Next Decade Source: USDA-ERS
Liquid Fuel Usage Source: DOE-EIA
U.S. Crude Oil Prices Source: USDA-ERS
U.S. Blended Gasoline Consumption 7.6 bil. gal. 7.4 bil. gal. Source: DOE-EIA, via USDA-ERS
Crop Prices for the Next Decade Source: USDA-ERS
Government Debt Source: Fed. Res. Bank of StL, FRED
Employment Source: Fed. Res. Bank of StL, FRED
Real GDP Source: Fed. Res. Bank of StL, FRED
Free Trade Agreements With South Korea, Colombia, and Panama Previously, with Israel, Jordan, Singapore, Chile, Australia, Morocco, El Salvador, Honduras, Nicaragua, Guatemala, Bahrain, Dominican Republic, Costa Rica, Oman, and Peru Most famous: NAFTA, with Canada and Mexico
Corn Planting Stats Source: USDA-NASS
Soybean Planting Stats Source: USDA-NASS
Input Costs Source: USDA, Agricultural Prices
Thank you for your time!Any questions?My web site:http://www.econ.iastate.edu/~chart/Iowa Farm Outlook:http://www.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/