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2012 Drought Cost Farmers

Wed, 21 Aug 2013 04:40:46 CDT
By: AP

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 says the study found shipping corn by rail rather than barge cost an extra 45 cents a bushel. 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.

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