Why do Iowa farmers need export markets?

12/3/2007

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Table of Contents

Why do Iowa farmers need export markets?

That’s where the customers are

95% of the world’s population lives outside the US

millions of people, July 2007 estimates

Population growth 2005 to 2015

That’s where the economic growth is

Gross Domestic Product (GDP) real growth rate, 2006 estimates

Gross Domestic Product (GDP), 2006 estimates

Gross Domestic Product (GDP) per capita, 2006 estimates

millions of additional households with income greater than $20,000

That’s where the consumption growth is

Trend in US protein consumption

Pork consumption growth

Chicken consumption growth

Beef consumption growth

Religion in India

Cow milk consumption growth

Corn consumption growth

Soybean consumption growth

We produce surpluses

US corn use, 2006

US soybean use, 2006

Export share of US production, 2006

We only eat high on the hog

Gotta sell everything but the squeal

Pork export premiums, 2004

Value of beef offal exports

Beef export premiums lost due to BSE

Exports are crucial to Iowa farm income

Top 10 ag exporting states, 2006

Iowa agricultural exports

Iowa’s state export rankings, 2006

So why do Iowa farmers need export markets?

Author: Joel Severinghaus