Hart on Trump China trade deal

June 22, 2020

Dr. Chad HartChad Hart, associate professor, was quoted in a June 19 DNYUZ story, "Trump’s Trade Appeals to China Still Left Farmers Reeling."

Chad E. Hart, an economist at Iowa State University, said Chinese purchases of American farm goods did pick up around the time of Mr. Trump and Mr. Xi’s meetings — which he called a “standard practice” that Beijing used to “signal momentum” in its discussions.

“It’s something we tend to see from China in any sort of negotiation,” Mr. Hart said.

Hart was also interviewed for a June 22 AgWeek story, "Iowa State tool estimates COVID-19's impact on ag."

The webpage "COVID-19 Pandemic: Research and Resources," developed by Iowa State's Center for Agricultural and Rural Development and Department of Economics, looks an how the pandemic has impacted agriculture in Iowa, regionally and globally.

"What we're finding is, it depends on the sector you're in as far as the impact and the length of the impact," said Chad Hart, ISU associate professor. "For example, looking at the crops, what we've seen is a fairly substantial drop in prices through the year on the order of 15-20% across the board and that prices remain low today."

June 23 Des Moines Register story, "Farmers hoping for more COVID-19 aid from Congress."

But critics say the coronavirus program addresses only a small portion of the losses farmers are experiencing. The American Farm Bureau Federation and other major ag groups are pushing Congress to include agriculture in the next federal coronavirus aid package.

“We’ve put a small Band-Aid on a very large wound that’s still bleeding,” said Chad Hart, an Iowa State University agricultural economist

Jun 25 Fox News story, "Midwest businesses worry how they will survive a summer without state fairs this year."

Economists say a loss in revenue from visitors at the fair could actually mean more opportunities in other industries across the region and that includes the domestic tourism sector. 

“The state fair used to be this flush of economic activity that would come into each state on a rotating basis," Chad Hart, a professor of economics at Iowa State University, said. "Now people are going to say, ‘If I don’t have the state fair, what do I want to do for a fun summer activity that takes me up for a while?’”

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