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US: COVID-19 will cost billions for Iowa's pork, corn, and soybean sectors

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Iowa produces about one third of US pork. This study reports the economic impact that the COVID-19 epidemic is expected to have on different agricultural sectors.

22 April 2020
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An economic impact study from Iowa's for Center for Agriculture and Rural Development (CARD) predicts the impact that the COVID-19 epidemic will have on the state's corn, soybean, and hog markets.

The virus is expected to cost the Iowa hog industry upwards of $2 billion dollars and also financially impact corn and soybean sectors at a cost of $788 million and $213 million respectively.

The full report can be consulted here.

April 2020/ CARD/ United States.
https://www.card.iastate.edu/

Article Comments

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24-Apr-2020 nathan.paytonbillions for hogs...not millions.
27-Apr-2020 pig333Thank you for your comment. We have fixed the error. COVID-19 is expected to cost the Iowa hog industry $2 billion, not $2 million.
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