Study: Low river costs corn farmers money
BLOOMINGTON -- An agricultural economics research company says last summer's low water on the Mississippi River cut the cash price farmers received for their corn by an average of 45 cents a bushel.
The Illinois Corn Marketing Board said Tuesday the study by Informa Economics of Memphis, Tenn., found that shipping corn by rail rather than barge cost an extra 45 cents a bushel. The board said money collected from farmers in Illinois and other states helped pay for the study.
Corn Marketing Board Chairman Larry Hasheider said last year's strong corn prices helped cushion farmers against the extra cost. He said that in another year the expense might have been more painful.
The 2012 drought lowered river levels and hindered shipping for an extended period.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close