Dermot Hayes, an Iowa State University agricultural economist, said that in the wake of an African swine fever outbreak, the U.S. likely would lose most of its export markets, which account for about 27% of the country’s production.
The lost exports would cut pork receipts by about 45%, and U.S. pork producers would lose $8 billion in just the first year, Hayes estimated.
Hayes was also quoted in a September 27 story, "US and Japan agree trade deal but what are the terms?" on The Pig Site.
Dr Dermot Hayes, an agricultural economist at Iowa State University, estimates exports to Japan could grow from $1.6 billion in 2018 to more than $2.2 billion over the next 15 years under market access terms included in the agreement.
Hayes was interviewed in a September 28 Ag Update story, "Uncertainty reigns for two major trade agreements."
“China is kind of a disaster for us,” says Iowa State University ag economist Dermot Hayes. The problem is not just the political discussion or the tariffs, Hayes says. It goes back to the way the trade war started and has unfolded.