Export growth will drive agriculture’s rebound
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Published
1/6/2025
ISU ag economist Chad Hart says decreased demand from China can be offset by emerging markets and strengthened trade relationships.
The U.S. remains well-priced in the commodity marketplace, fostering export growth across the globe during 2024 that’s expected to continue in the new year despite continuing decreased demand from China.
Identifying additional export opportunities will be essential in 2025 to sustain growth during an agricultural downturn that could extend into 2026, said Chad Hart, professor and Iowa State University (ISU) Extension economist.
Speaking at the 35th annual ISU Integrated Crop Management Conference in Altoona last month, Hart highlighted the challenges posed by China’s sharp reduction in U.S. agricultural imports, driven by political tensions, talks of tariffs and China’s pursuit of cheaper commodities alternatives.
While strong exports to other countries have offset much of the loss from China, Hart emphasized the importance of solidifying current partnerships and developing new trade allies to navigate a global market awash with record U.S....
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