Iowa's agricultural downturn could lead to up to 11,400 job losses and $1.5 billion in economic activity losses.

An Iowa Farm Bureau study shows the agricultural downturn is hitting the state's economy hard, leading to up to 11,400 job losses and a $1.5 billion reduction in economic activity. The USDA forecasts farmers could lose nearly a quarter of their income in two years due to falling commodity prices and high costs. Agriculture accounts for over 22% of Iowa's economic output, employing nearly one in five Iowans. The Farm Bureau calls for a new farm bill to stabilize the sector.

November 18, 2024
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