US. Iowa Secretary Of Agriculture Says 2016 Was Up And Down For Ag

26.12.2016

Iowa Secretary of Agriculture, Bill Northey, says 2016 was a record year for farmers in Iowa, but Ag struggled in other aspects. The corn and soybean crop is expected to break records once the product is fully accounted for, but drops in the market have made current prices below the cost of production for both corn and soybeans. Livestock saw similar drops in the market with cattle prices dropping $60 per hundred weight over the last two years and hogs falling nearly $14 in the course of one year. Northey notes the tighter margins on crop production have contributed to the 5.9 percent decrease in land value just in the last year. Despite these troubles, agricultural exports still account for 10 percent of the total U.S. exports, and Northey participated in trade missions to the Dominican Republic, Costa Rica, Ukraine and Romania to grow Iowa’s export market.


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