March 8, 2023
Professor Chad Hart was interviewed by Business Record for the story "Exporting Iowa: Farmers facing tighter profit margins as exports shrink in 2023," which focuses on farmers possibly facing tighter profit margins in 2023.
Hart said that global inflation is a factor affecting U.S. exports around the world--geopolitical uncertainties, including the Ukraine/Russia war and tensions with China, are interrupting trade flows. “And as all this is occurring, customers are being more cost-conscious. What I’m seeing in the ag space is customers are starting to trade down or look for those bargains to meet their needs.”