Drop in farm income won’t devastate Iowa finances
Iowa revenue officials say the farm income dip mirrors 2008 09 levels and will have limited impact on the state general fund. Payroll withholding remains the major revenue driver while farm activity provides spillover effects through multipliers like equipment sales and employment.
MENTIONED IN THIS ARTICLE
Iowa
State Department of Revenue
Amy Harris
Department
Jeff Robinson
Legislative Fiscal Bureau
Clear Lake
David Underwood
Underwood
Robinson
Harris
David Roederer
State Department of Management
Revenue Estimating Conference
Record Corn Prices Seen Before Downturn Ends
Iowa experts note corn may hold in the $4 to $5 range as demand and acreage grow, with Miller citing solid demand despite a long recession. ISU economists say the long up cycle for corn and soybeans ends as drought and shifting demand alter supply and prices.
MENTIONED IN THIS ARTICLE
Kimberley
Iowa Soybean Association
David Miller
Iowa Farm Bureau
Miller
Lucas County
Deere and Co
Iowa
U.S
Midwest
USDA
Iowa farmers face lean years as grain prices slide
Farmers anticipate a downturn after record profits with corn near 3 to 6 dollars and soybeans 8 to 13, while land values drift lower. ISU experts warn a gradual decline with limited debt relief, and exporters cite demand abroad as hopeful sign.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Hart
U.S
Federal Reserve Bank of
Federal Reserve
Iowa Soybean Association
Kimberley
Michael Duffy
Iowa
Ag Decision Maker
Iowa Realtors Land Institute
Duffy
Also Mentioned on This Page
General Fund
Ames. Lynch
Sourcemedia
David
Farr Bureau
ISU Economics
Holly Lyons
Legislative Services Agency
Farm Bureau
Schmidt
Farrow
Hancock County
Brian Kemp
Sibley
Kemp
Orlan
Medignet
Liz Martin
The
Gaz
Marion
Grant Kimberley Own Soybear Association
ISU Ag
Second Street
Ste
Cedar Rapids
Arensonian.com
James Radig, Esq
Goodyearcrm.com
SFL
Edgewood Road
S. First Ave
Iowa City
Ical Ra Tit Aera Goodwill Industries of
Heartland
Cate
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