![]() The world has watched Russia invade Ukraine with grain and the farmers producing it caught in the middle. Food has been known to be a weapon between feuding countries for much of the last 18 months. The high level theme this year was rebuilding trust and reigniting global solidarity. ![]() World leaders descended on the United Nations in New York City this week for the annual general debate. The level of severity in this week’s Drought Monitor increased by almost 4 points to 55.67, the highest level of severity since mid-June. Miller: Rain did fall in isolated areas of the Corn Belt this week, but only delayed the harvest a day or two. Army Corps of Engineers: "Our challenge is we don't have enough force in the river and that allows salt water to move from the Gulf of Mexico upriver when unimpeded it could move as far as New Orleans and Baton Rouge." Ricky Boyett, Chief of Public Affairs, U.S. ![]() Here in New Orleans, where fresh and saltwater meet, a new issue has arisen. What started as an issue upstream, has led to challenges downstream. The current levels hit about a month earlier than they did in 2022 Low flow rates have also been observed on the Ohio, Illinois and Missouri Rivers. The Mississippi River at Memphis, Tennessee set a record low last year and the current reading is near that same mark. However, a dry summer has greatly reduced the overall flow. Miller: Winter snow and spring rains helped recharge the watershed - albeit temporarily. Mark Wright, Southern Region Vice President, American Waterways Operators: "When it slows down and you can't have as much throughput, you can't push as much through that river system then ultimately it's going to affect the initial producer, which is the farmer, right? " Transport companies have announced restrictions on the volume of freight due to shallow draft conditions in the main channel. Last year’s trend of barges being loaded at lower weights has returned. The slower flow pushed barge rates sharply higher in late August and those rates have now doubled. Miller: The low river levels have created a repeat of 2022 with barges and tows parked along the river bank. Army Corps of Engineers: "The challenge that we have here as well as everywhere else in the country is the answer is rain and we don't see rain in the in the Mississippi valley and so we're going to continue to face these challenges, we're going to have to continue to be proactive and work with our locals and our state, our governments but until we get rain we're going to be faced with these kind of situations." Miller: A dry year in the Mississippi River basin has resulted in a dramatically reduced water flow along nearly the entire navigable portion of the river. Much of the same region surveyed by Creighton University has been in a dry weather pattern this summer.The bill for reduced flows in to the Mississippi River is coming due and again forcing changes in how goods are shipped up and downstream. The monthly survey of bank CEOs in ten states dropped on anticipated lower farm income The rural Main Street index sank below growth neutral for the first time since March. The market is down 21% over the same eight months in 2022. The Fed did make a deal to keep interest rates the same, but left the door wide open to at least one more hike in 2023.Įxisting home sales, which have slowed on higher inventories and lower availability, fell for the third consecutive month in August by 7/10 of a percent for the year. There is no deal with Congress keeping the US government operation deal or an agreement between the United Autoworkers and the Big Three automakers. It was deal and no deal this week with the economy. This is the Friday, September 22nd edition of Market to Market, The weekly Journal of Rural America. Information is available from a Grinnell Mutual agent today. Learn more at tomorrow.įor over 100 years, we've worked to help our customers be ready for tomorrow. SUKUP Manufacturing, Celebrating 60 years of innovation as a family owned and operated manufacturer of grain storage, drying and handling equipment out of Sheffield, Iowa. We're committed to creating what's next because a pioneer. It happens when researchers and farmers work together to solve tomorrow's agronomic challenges. And market analysis with Chris Robinson, next. Then we're going to tell you about breaking barriers in the vet clinic. Coming up on market to market, low water levels plague a major shipping channel again, fighting back against the use of food as a weapon.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |