Advertisement

Economists: Virus will cause huge damage to Iowa ag industry

(KOTA)
Published: Apr. 15, 2020 at 11:02 AM CDT
Email this link
Share on Pinterest
Share on LinkedIn

A group of agriculture economists are estimating the coronavirus pandemic will cause billions of dollars in damage to Iowa's crop and livestock industries.

In a report released Wednesday, the economists say the ethanol industry will see $2.5 billion in losses due to lower fuel demand and the state's hog industry $2.1 billion in losses.

Damage to corn is estimated at $788 million, soybeans at $213 million and cattle $34 million. The economists note the numbers will change as the pandemic evolves.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

Latest News

Latest News