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Tech Trends Shaping Business Research

The barrage of new technologies that are introduced to the market, each with the promise of altering (or at least affecting) the corporate world, can easily make one numb. However, our examination of a few of the more important IT trends makes a strong argument for the fact that something important is taking place. Granularity, speed, and scale—the three key elements that have characterized the digital era—are typically being accelerated by these technological advancements. However, the extent of these shifts in bandwidth, computer power, and analytical complexity is what's creating new opportunities for organizations, inventions, and business models. Greater innovation may be made possible by the exponential gains in processing power and network speeds brought about by the cloud and 5G, for instance. Advances in the metaverse of augmented and virtual reality provide opportunities for immersive learning and virtual R&D using digital twins, for example. Technological development

Valuing the Trade Relationship Between Canada and the US

Jeff Hutton July 24, 2023 | Canada and the United States value their trade relationship In addition to engaging in discussions with Congressional leaders earlier this month, the Iowa-Missouri Policy Leaders Fellowship (PLF) cohort of this year met with representatives from the Canadian embassy to address current trade concerns between the United States and our northern neighbors. We work very well together, and our trading relationship really shines," says Christine McKee, an agricultural counselor with the Canadian embassy.

The figures According to McKee, the Canadian-U.S. border is traversed by $2.1 billion in products and services each day. In 2022, the United States exported over $19.4 billion of processed food and beverage products to Canada. Over the past 15 years, the export of agricultural products from the United States to Canada has increased by 71%. McKee asserts that the North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA), have contributed to the enhancement of the bilateral commercial relationship between the United States and Canada.

McKee asserts that trade is of paramount significance to our nation. "We buy more from the U.S. than China, Japan and the UK combined.



The current total value of U.S.-Canada agriculture and agri-food commerce is $69.7 billion.The value of U.S. imports from Canada is $31.5 billion, which includes $5.8 billion in baked products and prepared cereals, $5.1 billion in fats and oils, $3.6 billion in beef and pork, $2.9 billion in vegetables and roots, and $1.9 billion in chocolate. According to McKee, Canada is the primary agricultural export market for 26 states in the United States. In 2022, bilateral agricultural commerce between Canada and Iowa was valued at $2.5 billion. Iowa exported $1.3 billion of products, which included $313 million in grain alcohol, $151 million in oil cakes, $132 million in fresh, chilled, or frozen pork, $86 million in prepared or preserved meat, and $65 million in dog and cat food.

Iowa imported $1.2 billion in goods from Canada, which included $464 million in canola oil, $139 million in live hogs, $111 million in oats, $54 million in wheat and meslin, and $53 million in fresh, chilled, or frozen pork. Collaborating Neil Krummen, a PLF member from Linn Grove, notes that the opportunity to acquire knowledge about U.S.-Canada trade was informative. "I had a positive experience and a good time in Washington, D.C." he declares. The Canadian embassy was quite impressive. Our nation's relationship with Canada and the significance of commerce between us were intriguing to discover.

According to McKee, the U.S.-Canada trade relationship is remarkable, particularly in light of its robust integrated supply chain. "Collaboration is truly advantageous," she asserts. "And we do appreciate that it takes all of us to strengthen, protect, and preserve that relationship." Are you interested in participating in the Policy Leaders Fellowship Submit an application by visiting the PLF page.Deputies from the Marshall County Sheriff's Office (MCSO) patrol an average of 200 miles of roadway in Marshall County on a daily basis. This amounts to an annual mileage of over 35,000 miles for their patrol vehicles.

In the past decade, three vehicles in the MCSO's fleet have been equipped with Goodyear Eagle Enforcer tires



which are all-weather tires that incorporate soybean oil into the tire tread compound. In comparison to other tires, this tread compound enhances tread life and reduces petroleum usage, while simultaneously providing superior traction in a diverse range of weather conditions. The tread compound's incorporation of soybean oil leads to a reduction of approximately 45% in petroleum-based oil when contrasted with its antecedent. "These tires have served us exceedingly well," asserts Chief Deputy Ben Veren of the MCSO. "The tires have performed exceptionally well in light of the diverse weather conditions and the type of driving we engage in." Additionally, the nature of our work necessitates the use of durable tires. In honor of National Law Enforcement Appreciation Month in early 2023, the Iowa Soybean Association (ISA) installed Goodyear tires on three Ankeny Policy Department (APD) vehicles. Subsequently, in September of this year, the MCSO received three additional sets of tires.

The MCSO and APD were able to acquire six sets of tires as a result of checkoff investments. In 2017, Goodyear introduced soybean oil as a "renewable, cost-effective, carbon-neutral, and naturally derived tire technology." The soybean oil-based tread compound that the company developed is a critical performance achievement in the maintenance and improvement of the traction between the vehicle and the road surface. This compound maintains the tire rubber's flexibility in the presence of fluctuating temperatures. "The environment, consumers, and our industry continue to benefit from the investment and support of farmers in the research and development of new products containing soybeans," states Randy Miller, ISA Past President. "The utilization of soybean oil in tires is an exemplary illustration of how our checkoff dollars foster sustainable innovation and collaboration."This encompasses $32.1 billion in U.S. exports to Canada, which include $3.9 billion in fruits and nuts, $3.3 billion in beverages, spirits, and vinegar, $3.2 billion in vegetables and roots, $3 billion in baked products and prepared cereals, and $2.9 billion in edible preparations.

Veren asserts that his law enforcement agency is and will continue to be appreciative of its selection for this endeavor



"It has been a pleasure to have these American-made soy oil-based tires to assist us in fulfilling our responsibilities on the road," says Veren, who also emphasizes that the donation from ISA has been a crucial element in his office's mission to protect the public. "This was made possible by the Iowa Soybean Association, Goodyear, and McAtee Tire Sales & Service in Marshalltown," he states.According to Veren, the replacement tires were installed on three vehicles: two Dodge Durango SUVs and a Dodge Charger cruiser. Veren reports that the soy-based tires have impressed MCSO deputies after a decade of use. "They appear to thrive in any weather condition, whether it be hot and dry, rainy, or snowy," he asserts.

"We have observed that we must turn around and return in the opposite direction due to the frequent turns we make, whether it be while working traffic enforcement or responding to an emergency call," Veren explains. "As a result, the tires' edges occasionally exhibit significant wear and tear." However, the edgewear is not occurring with the soy-based tires, despite the incessant turning or higher speeds. The tires have been of exceptional quality. As a result, Veren notes that the MCSO is considering the possibility of increasing the utilization of soy-based tires in its patrol fleet. "These tires have performed exceptionally well," he asserts. "This program has been exceptional, thanks to the ISA, Goodyear, and MacAtee Tire." We are extremely pleased with the results and will now be considering the transition to these tires for all of our vehicles.

"The benefit of this is that Ben Porepp, the ISA Conservation Agronomist, will be joined by Chris Gaesser, a producer and ISA Farmer Member from Adams County, to discuss the potential for conservation cost sharing." Hear how the optimization of cost share programs can facilitate the adoption of new conservation practices by mitigating risks and expenses. Chris discusses the advantages he has observed and the methods he employs to implement cover crops and other conservation practices. Acquire an understanding of the difficult-to-quantify advantages of conservation that farmers such as Chris are experiencing in their fields. Andy Petersen serves as the presenter of Pods of Potential, which is broadcast by the Iowa Agribusiness Radio Network. Pods of Potential, which is supported by the Iowa Soybean Association and the soybean checkoff, provides data-driven research and results to assist Iowa's soybean producers in optimizing productivity, profitability, and sustainability.

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