Monday, April 29, 2019

Members in the News: Hayes, Zhang, Burdine, Shockley, Davis, Hart, and Schulz

Dermot Hayes, Iowa state University
China eyes U.S. poultry, pork imports in trade talks -sources
By: CNBC - April 16, 2019
Iowa State University agricultural economist Dermot Hayes said he expects China will import about 4 million to 6 million tonnes of pork in 2020, following losses in Chinese herds. The amount imported from the United States will depend on a trade deal, because Beijing maintains tariffs on shipments of American pork and has alternative suppliers, he said.
Read more on: CNBC
Iowa’s U.S. senators express frustration with lack of trade progress
By: Daily Iowan - April 7, 2019
Dermot Hayes, an Iowa State University economics professor and coauthor of the September report, said the Iowa senators are correct that there could be a potential agreement with China that would override the damage done by tariffs.
“I do believe that Sen. Ernst is right in that regard,” Hayes said. “Just as soon as the agreement is signed, I think China will announce pretty large purchases of corn, soybeans, and pork.”
Read more on: Daily Iowan

Wendong Zhang, Iowa State University
8 Reasons Why the Livestock Industry Is on a Roll
By: Successful Farming - April 19, 2019
Wendong Zhang, Extension economist with Iowa State University, says the impact on land values is most distinct in northwest Iowa, where there are a lot more livestock producers competing for land because they need nearby acres to spread manure. “Livestock intensify the local competitiveness and help boost the local land prices,” he says.
Zhang does a yearly land values survey. Since 2014, northwest Iowa has been the strongest district in land values. He thinks that will hold true again this year.
Read more on: Successful Farming

Kenneth Burdine, University of Kentucky
Jordan Shockley,
University of Kentucky
Alison Davis, University of Kentucky
UK ag economists offer info for farmers dealing with financial challenges
By: The Lake News - April 25, 2019
“Our goal was to compile a set of resources for agricultural producers as they consider their options and look to improve their financial situations,” said Kenny Burdine, extension agricultural economist in the UK College of Agriculture, Food and Environment.
“Luckily, there are numerous resources available to farmers to aid in developing financial statements and key financial performance measures,” said Jordan Shockley, UK extension agricultural economist. “Producers should remember that a lender is one of their resources. Keeping open communication with a lender can help producers track their financial performance measures and identify any trends that may indicate future financial stress.”
“A difficult farm financial situation can create stress and mental health concerns for the farm family,” said Alison Davis, UK extension agricultural economist. “The University of Kentucky and its partners are preparing communities of practice to help farmers who are facing challenging times.”
Read more on: The Lake News
and The Lane Report

Chad Hart, Iowa State University
'Mexico touches everything we do in Iowa:' Economist says Trump's plans could hurt entire economy
By: Dispatch Argus - April 4, 2019
Chad Hart, an economist with Iowa State University, said unlike the trade dispute with China, "where it's highly concentrated within a few products or commodities," Iowa has a much broader trade relationship with Mexico.
"With China, it was all concentrated in soybeans and pork. But Mexico is a big market for us with corn, soybeans, pork, beef and more," Hart said. "Looking at the agriculture side, I'd almost argue there's no more important market than Mexico, because Mexico touches everything we do in Iowa."
Read more on: Dispatch Argus

Lee Schulz, Iowa State University
Missouri River Flooding Didn't Just Damage Farms, It Impacted The Global Supply Chain
By: Iowa Public Radio - March 28, 2019
Iowa State University livestock economist Lee Schulz said it’s too early to know what the flooding’s impact is on livestock producers, many of whom are still taking stock of what they’ve lost. Looking at ag overall, Iowa officials say it could be $214 million and Nebraska officials said $1 billion.
Initially, Schulz said, he heard about some livestock trucks that had to take longer routes or deliver animals to different packing plants. Some farms and feedlots had to keep animals a few days longer than usual, while others may have trucked animals a little farther to reach slaughter facilities.
Read more on: Iowa Public Radio

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*Articles in response to the AAEA Communicating Out Strategy Press Releases highlighting: Government Relations, American Journal of Agricultural Economics, Applied Economic Perspectives & Policy, Choices Magazine, General Media, and/or 2018 AAEA Annual Meeting in Washington D.C.

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