Hart: 2021 Harvest numbers exceeded expectations

November 19, 2021

Chad HartChad Hart, professor, spoke about 2021 harvest numbers at the “Harvest Marketing Insights & China’s Commodity Appetite” webinar, according to the Nov. 17 Successful Farming story, "MARKET PREDICTIONS, HARVEST PROGRESS, AND CHINA-IOWA RELATIONS TOPIC OF 'TRADE TALK' WEBINAR."

 Iowa farmers had a year that exceeded expectations on almost all fronts, according to Hart. 

“The innovation within ag over the past few decades, especially in terms of working toward drought-tolerant crops, has definitely paid dividends this year,” says Hart.

In terms of exports to China, soybeans saw their record high in 2020, and 2021 is seeing a reduction in exportation as a result of that record high. Corn also saw a record high in 2020, but the 2021 exports records are following a similar number pattern to 2020. Hart says these patterns are not entirely unexpected, as 2019 and 2020 saw the U.S. renegotiating the USMCA agreement, which explains the pullback in international demand in 2019 and early 2020 and the return of demand in later 2020 and 2021.

This webinar, which is part of the “Trade Talk” series, is hosted by Iowa Economic Development. 

Hart was also interviewed for a Nov. 21 Quad-City Times story, "Shipping issues hit Iowa agriculture, too."

“Ag is just like the rest of the general economy,” said Chad Hart, a professor of economics and agriculture expert at Iowa State University.

“We’ve been seeing the stories about supply-chain problems, about how we’re having problems getting consumer goods here, or the gifts that we want to buy for the holidays coming. Well, ag is facing those same supply-chain issues,” Hart said. “Because every sector of the economy is basically facing those supply-chain issues. The same basic problems are occurring, whether I’m talking ag or manufacturing or consumer electronics — you name it. We’re all facing that same crunch.”

This story also covered by:
Cedar Rapids Gazette, Nov. 21
Waterloo Cedar Falls Courier, Nov. 21
AgUpdate, Nov. 20
KIWA, Nov. 22



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