Foreign growers compete with US farmers: Hayes

August 26, 2019
News

Dr. Dermot HayesDermot Hayes, professor, was quoted in a Chicago Tribune story, "As Trump presses trade war, farmers feel the squeeze," August 22.

"Once they put the infrastructure in and put that new land into production, it stays in production."

Meanwhile, American farmers' storage bins are filling up. The USDA expects farmers to end the year with over a billion bushels of unsold soybeans. Such a surplus could depress prices long after China and the United States strike a trade deal, Hayes said.


Hayes was also quoted in an August 26 AGDaily story,"President Trump announces trade agreement with Japan."

Dr. Dermot Hayes, an economist at Iowa State University, estimates exports to Japan will grow from $1.6 billion in 2018 to more than $2.2 billion over the next 15 years as a result of the United States pork industry getting market access in Japan as favorable as its competitors.

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