Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Tuesday, August 20, 2013

U.S. Farm Economy Flowing in Reverse As Drought Impacts Persist

The long reach of last summer's devastating U.S. drought has reversed the flow of the mighty Mississippi River — for corn, at least, with grain-laden barges beginning the rare movement north to Midwest ethanol plants from southern farms.

The shipments come as the U.S. faces a 17-year low in corn supplies by the end of the month due to the historic drought, which slashed harvests and sent grain prices to record highs a year ago.

The tight supply is upending the country's tradition-bound agricultural economy, which is holding its breath in the weeks before an expected record harvest begins some time next month following a wet spring and summer.

More

No comments: