“We are very lucky this happened in the spring and not in the fall,” says Iowa State University Economist Chad Hart. “This was terrible for the industry and for farmers, but it was fantastic timing for corn farmers.”
The point, Hart says, is that a shutdown like the one that hit the ethanol industry in the spring would be much more damaging if it had occurred during the fall harvest.
Hart was interviewed for a July 31 Des Moines Register story, "Iowa doing better than nation in recession."
Iowa State University Agricultural Economist Chad Hart said the market won’t recover for months. Farmers have a deep backlog of hogs and are shipping fewer than they did before the pandemic.
Prices for other important commodities like live cattle and soybeans have recovered from the price drops they experienced in the first weeks of the pandemic.