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a big year<br />
enough rain. Our factory is just taking<br />
sunshine and turning it into energy.”<br />
This <strong>2021</strong> growing season has<br />
been mostly favorable for <strong>Eastern</strong><br />
<strong>Iowa</strong> farmers. In some pockets, rain<br />
wasn’t plentiful enough. In other<br />
areas, winds from a late-August storm<br />
flattened some corn (not at the level<br />
done by the derecho), but overall<br />
expectations for record production<br />
coupled with strong prices translate<br />
into a good year.<br />
From his perspective, Campbell<br />
said low interest rates and good prices<br />
for wheat, corn and soybeans were<br />
boosting his optimism for farmers in<br />
what he described as “a very cyclical,<br />
capital-intensive, high-risk industry.”<br />
The U.S. Department of Agriculture’s<br />
quarterly trade outlook in late<br />
August showed that exports continued<br />
at a record-setting pace for the fiscal<br />
year <strong>2021</strong>. In addition, U.S. agricultural<br />
exports in fiscal year (FY) 2022<br />
are projected at $177.5 billion, $4.0<br />
Sixth-generation farmer Dennis Campbell of<br />
Grand Mound said benign moves in historically<br />
low interest rates and good prices for wheat,<br />
corn and soybeans are boosting his optimism<br />
for farmers in what he described as “a very<br />
cyclical, capital-intensive, high-risk industry.”<br />
<strong>Eastern</strong> <strong>Iowa</strong> <strong>Farmer</strong> photo / Trevis Mayfield<br />
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eifarmer.com <strong>Fall</strong> <strong>2021</strong> | <strong>Eastern</strong> <strong>Iowa</strong> <strong>Farmer</strong> 73<br />
<strong>Eastern</strong><strong>Iowa</strong><strong>Farmer</strong>_<strong>Fall</strong><strong>2021</strong>.indd 73<br />
9/15/21 10:24 am
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