Farmers could be looking at tighter margins in crop markets in 2024, but the potential for growth in exports provides some cause for optimism, Iowa State University’s Chad Hart says.
kAmw2CE[ 2? x$& tIE6?D:@? 64@?@>:DE[ D2JD 27E6C J62CD @7 C@3FDE 72C> AC@7:E >2C8:?D[ E96C6 92D 366? D@>6 C642=:3C2E:@? 324< E@ >@C6 EJA:42= =6G6=D 2?5 D:EF2E:@?D]k^Am
kAm“xE’D 2? :?E6C6DE:?8 E:>6[ 2D H6’C6 =@@<:?8 @FE E96C6[” 96 D2JD] “x 42== :E 2? 25;FDE>6?E D@CE @7 324< E@ H96C6 AC@7:E >2C8:?D FDF2==J 2C6 H96? H6’C6 =@@<:?8 2E 28C:4F=EFC6]”k^Am
kAmw2CE 6IA64ED 6IA@CED E@ A=2J 2 >2;@C C@=6 :? 56E6C>:?:?8 4@C? 2?5 D@J362? >2C<6ED :? a_ac 2?5 36J@?5]k^Am
kAm“x’> C62==J 8@:?8 E@ 92>>6C E96 6IA@CE D:56 3642FD6 x E9:?< E92E’D E96 <6J @G6C E96 ?6IE `g >@?E9D[” 96 D2JD]k^Am
kAmtIA@CE 56>2?5 D2H D@>6 H62<?6DD :? C646?E J62CD 2D 3FJ6CD C624E65 E@ 9:896C 4C@A AC:46D 2D H6== 2D 86?6C2==J 36:?8 >@C6 42FE:@FD >2<:?8 AFC492D6D :? E96 7246 @7 9:89 :?7=2E:@?[ w2CE D2JD] qFE ?@H &]$] 4C@A AC:46D >2J 92G6 5C@AA65 6?@F89 E@ “C6:?G:8@C2E6” 3FJ:?8 2>@?8 :?E6C?2E:@?2= 4FDE@>6CD]k^Am
kAmrC@A AC:46D 92G6 4@>6 5@H?[ 3FE w2CE D2JD 8@@5 56>2?5 4@F=5 96=A DFAA@CE E96>]k^Am
kAm“pD H6’C6 =@@<:?8 7@CH2C5 2?5 @FE :?E@ a_ac[ :E’D >@C6 @7 >@56C2E:?8 E96D6 AC:46D[ 2?5 D66:?8 :7 56>2?5 H:== C63F:=5 8:G6? E96 =@H6C AC:46D 6IA64E2E:@?D H6’G6 8@E @FE E96C6[” 96 D2JD]k^Am
kAmw2CE D2JD 5@>6DE:4 56>2?5 7@C 4@C? 2?5 D@J362?D 92D 366? 72:C=J 8@@5[ D@ E96 :?E6C?2E:@?2= 56>2?5 @7 6IA@CED H:== >2<6 E96 5:776C6?46]k^Am
kAm~? E96 DFAA=J D:56[ w2CE D2JD E96 a_ab 4@C? 4C@A H2D 2 C64@C5 :? E6C>D @7 E@E2= 3FD96=D[ 56DA:E6 5C@F89E 492==6?86D :? >F49 @7 E96 r@C? q6=E]k^Am
kAm“u665[ 6E92?@= 2?5 6IA@CE 56>2?5 H6?E FA — E92E’D 96=A7F=[” 96 D2JD] “qFE E96 492==6?86 :D H6 DE:== D66 AC@5F4E:@? 6I4665:?8 H92E H6’C6 92G:?8 :? E6C>D @7 FD6[ 2?5 6?5:?8 DE@4<D 4@?E:?F6 E@ 3F:=5] %92E :D H92E’D 366? AC6DD:?8 5@H? @? E96 4@C? >2C<6E]”k^Am
kAmw2CE D2JD E96 &$sp :D AC@;64E:?8 76H6C 4@C? 24C6D H:== 36 A=2?E65 :? E96 DAC:?8[ H:E9 >@C6 24C6286 D9:7E65 E@ D@J362?D[ 2=E9@F89 E96 &$sp :D 2=D@ AC@;64E:?8 9:896C 4@C? J:6=5D[ @G6C `g_ 3F]^24C6] w6 D2JD E9:D :D A@DD:3=6 8:G6? E92E E96 &]$] 92D 2G6C2865 @G6C `f_ 3F]^24C6 :? C646?E J62CD 56DA:E6 5C@F89E 492==6?86D]k^Am
kAmuFEFC6D >2C<6ED 2C6 2 =:EE=6 >@C6 @AE:>:DE:4 E92? E96 &$sp 23@FE 7FEFC6 4@C? AC:46D[ 2D E96J D66 >F49 @7 E96 4FCC6?E r@C? q6=E :D 5CJ H:E9 ?@ :>>65:2E6 :?5:42E:@? E92E H:== 36 6?5:?8 D@@?] w2CE D2JD E96 &$sp H:== 368:? E@ 724E@C H62E96C :?E@ :ED J:6=5 AC@;64E:@?D =2E6C[ 2?5 E92E 7@C ?@H :E :D 32D65 @?=J @? EC6?5=:?6 J:6=5D]k^Am
kAm“(:E9 ?@C>2= AC64:A:E2E:@? A2EE6C?D[ H6’== 92G6 2?@E96C =2C86 4C@A E@ H@C< H:E9 96C6[” 96 D2JD] “(:== 56>2?5 8C@H E@ 96=A FD H:E9 E92En”k^Am
kAmu@C D@J362?D[ w2CE D2JD :E H2D ?@E 2 C64@C5 4C@A :? a_ab[ 3FE 2 “72:C=J DEC@?8 4C@A” 2?JH2J] w6 D2JD 6IA@CE D2=6D 92G6 366? 5@H? 3FE 4@F=5 36 A@:D65 E@ C:D6]k^Am
kAm“xE’D 366? BF:E6 2 D:K23=6 H:E95C2H2= @? E96 :?E6C?2E:@?2= D:56 H96? :E 4@>6D E@ D@J362? D2=6D[” w2CE D2JD] “s6>2?5 92D 366? D9C:?<:?8] %92E EC6?5 4@?E:?F65 :? a_ab]”k^Am
kAmw@H6G6C[ E:89E DE@4<D 92G6 96=A65 DFAA@CE D@J362? AC:46D[ 96 D2JD]k^Am
kAmx7 E96 &$sp’D a_ac AC@;64E:@? @7 gf >:==:@? D@J362? 24C6D 9@=5D ECF6[ E96C6 H:== 36 2 =@E @7 D@J362?D 9:EE:?8 E96 >2C<6E[ 2? 6DE:>2E65 c]cfd 3:==:@? 3FD96=D]k^Am
kAm“x7 E92E AC@5F4E:@? 9@=5D[ E92E H@F=5 36 2 C64@C5 D@J362? 4C@A[” w2CE D2JD]k^Am
kAmw@H6G6C[ 96 255D E96 5C@F89E :D DE:== @?8@:?8 :? E96 &]$][ 2?5 D@>6 =2E6 a_ab D@J362? 6IA@CE D2=6D 2??@F?46>6?ED 82G6 9@A6 8@:?8 :?E@ E96 ?6H J62C E92E D@J362? 6IA@CED 4@F=5 DH:?8 324< FA :? a_ac]k^Am
kAmw2CE D2JD E96 5C@F89E :? a_ab 5:5 92G6 2? :>A24E 7@C 4C@A >2C<6ED[ 3FE 96 ;@<6D E96 72>@FD 7@FC H@C5D 4C@A >2C<6ED 5@?’E =:<6 E@ 962C “36EE6C E92? x 6IA64E65” >62?E E96 4C@A H2D 3:8 6?@F89 E@ 2G@:5 2?J >2;@C C2==J :? AC:46D]k^Am
kAm%96 a_aa 4C@A J62C D2H AC:46D H6== @G6C AC@5F4E:@? 4@DED 2== J62C[ 3FE w2CE 42FE:@?D E92E :D ?@E ?@C>2=[ 2?5 >2?J J62CD D66 AC:46D 4=@D6C E@ 3C62< 6G6?[ 2E =62DE 7@C A2CE @7 E96 J62C] w6 6IA64ED E:89E6C >2C8:?D :? a_ac[ 3FE E96 >2C<6ED DE:== D9@H D@>6 42FD6 7@C @AE:>:D>[ :? A2CE:4F=2C $@FE9 p>6C:42? H62E96C[ 4@?E:?F:?8 5CJ?6DD :? E96 |:5H6DE[ 2?5 D:8?D &]$] 4C@A 6IA@CED 4@F=5 36 EC6?5:?8 FA]k^Am
kAmw6 D2JD E96C6 C6>2:?D 2 =@E @7 4@>A6E:E:@? 7@C 8=@32= 6IA@CE >2C<6ED[ 3FE E96 &]$] 4@F=5 36 A@:D65 E@ 36 G6CJ 4@>A6E:E:G6 :? a_ac]k^Am
kAm“v=@32= EC256 92D 366? E96 3:886DE 56>2?5 724E@C H9:49 92D D92A65 @FC AC:46D :? C646?E J62CD[” w2CE D2JD]k^Am
Be the first to know
Get local news delivered to your inbox!