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Iowa’s Position in Global Agriculture and Bioenergy

Iowa’s Position in Global Agriculture and Bioenergy. Chad Hart chart@iastate.edu 515-294-9911 ISU Extension ANR Lunch and Learn Bioeconomy Community Conversation II: Food, Feed, and Fuel Ames, Iowa October 3, 2008. Iowa’s Agricultural Rankings. 1 st : Corn Production

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Iowa’s Position in Global Agriculture and Bioenergy

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  1. Iowa’s Position in Global Agriculture and Bioenergy Chad Hart chart@iastate.edu 515-294-9911 ISU Extension ANR Lunch and Learn Bioeconomy Community Conversation II: Food, Feed, and Fuel Ames, Iowa October 3, 2008

  2. Iowa’s Agricultural Rankings 1st: Corn Production Soybean Production Field Crop Value Egg Production Hog Inventory Hog Value on Farm Commercial Hog Slaughter Crop Harvested Area 2nd: Pig Crop Red Meat Production Total Crop Value 3rd: Number of Farms 4th: Net Farm Income Alfalfa Hay Production Steers – 500 Lbs. & Over 5th: Oat Production Cattle & Calves on Feed 6th: Heifers – 500 Lbs. & Over 7th: All Cattle & Calves 8th: All Hay Production All Sheep & Lambs 10th: Land in Farms Calf Crop Turkeys Raised Source: USDA-NASS

  3. Iowa’s Alternative Energy Sources Ethanol: 32 plants in operation 12 plants under construction Ranked 1st in ethanol production Biodiesel: 14 plants in operation 2 plants under construction Wind: Ranked 4th in wind energy production Ranked 1st in ratio of wind/total energy

  4. Value of Production Source: USDA-ERS

  5. Factors Behind Higher Crop Prices • Strong export demand • Weak U.S. dollar • Biofuel growth worldwide • Over 40 countries pursuing biofuels • Lower crop production in several countries • Higher income in developing countries • Growing world population

  6. Cost of Purchased Inputs Source: USDA-ERS

  7. Net Farm Income Source: USDA-ERS

  8. World Crop Production Rest-of-World Soybean Production Up 1076% Rest-of-World Corn Production Up 99% Rest-of-World Wheat Production Up 63% Source: USDA-PSD Database

  9. Projected World Crop Production Source: FAPRI, 2008 Baseline

  10. Factors Behind Higher Crop Prices • Strong export demand • Weak U.S. dollar • Biofuel growth worldwide • Over 40 countries pursuing biofuels • Lower crop production in several countries • Higher income in developing countries • Growing world population

  11. Thanks for your time! Any questions?

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