Iowa's Agricultural Situation

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2015-08-13
Authors
Kaus, Philip
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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Abstract

The combines are starting to roll in the cornbelt. The October 1,Crop Report showed that 18 percent of Iowa’s corn crop and 32 percent of the soybean crop were in the bin. Current estimates for the U.S. corn crop are between 9.1 and 9.4 billion bushels and between 2.7 to 2.8 billion bushels for the soybean crop. These rather large crops will add to an already ample carryover supply.

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