The worst economic disaster
for U.S. farmers in modern
American history continues.
At least one million acres
of U.S. farmland
were water covered
by the recent floods.
Even before the floods,
U.S. farm incomes
had already sunk
to a 12 year low.
According to
government regulations,
when stored crops are flooded,
they MUST be destroyed.
And the government
has no program
to cover those losses.
Thousands of farmers
have been
financially ruined.
Congress needs to act quickly,
but would they pass a new law
to help the farmers, when
Democrats oppose anything
that could make Trump look good ?
And the states affected don't vote
for Democrats, so they don't care !
The trade war with China
depressed prices for wheat,
corn and soybeans,
so in early 2019,
farmers had been storing
more crops on their farms
than ever before.
Then the floods came.
Hundreds of millions
of dollars in crops that were
destroyed by the flooding
were not insured.
Without government assistance,
thousands of farmers will give up on
farming.
Dustin Sheldon,
a fifth-generation
grain and soybean farmer,
said the record-breaking floods
caused about $1 million
in losses for his family farm.
“We figured that there is
roughly $7 million
worth of grain sitting
in these grain bins here
just in our county alone
that is either destroyed ,
or inaccessible right now ,
that we won’t even be able
to get to, or sell,” he said.
“Financially, there’s a lot
of farmers that can’t
come back from that,
and they may be
out of business.”
USDA Under Secretary Bill Northey
told Reuters: ... “there’s nothing the
U.S. government can do to help”…
Millions of bushels of grains
were destroyed in more than
800 on-farm storage bins
– mostly in eastern Nebraska
and western Iowa.
For 71-year-old farmer
Bruce Biermann,
it looks like the end
has come after
the floodwaters
destroyed more than
$100,000 worth
of his stored crops.
The two grain bins
on Biermann’s farm,
near Corning, Missouri,
could not withstand
the strong currents
of the Missouri River.
With four feet of water
pressing from the outside
and grain swelling
from moisture inside,
the bins burst.
Because of the trade war,
Biermann had been storing
12,000 bushels of corn,
and 8,200 bushels of soybeans,
until prices went up again.
Farmer Travis Green,
who operates farms in both
Kansas and Nebraska,
stored 25,000 bushels
of yellow corn
in a pair of grain bins
in White Cloud, Kansas,
near the Missouri River.
One of the bins
“literally just blasted open,”
after it filled with floodwater,
and the other was uprooted
— destroying an estimated
$100,000 worth of corn.
On top of that, Green is unsure
whether he’ll be able to plant
anything this year, because of
the water damage.
AccuWeather estimates the
total damage and economic loss
caused by record-breaking flooding
in the Midwestern U.S. this spring
will total $12.5 billion.
And more flooding is coming !
The snow in Wisconsin
and Minnesota is melting,
so flooding is expected
in northern Illinois
and southern Wisconsin.
That’s all going to end up
in the Mississippi River,
worsening ongoing flooding
issues near that river,
and its tributaries.
Links to three prior articles
on this important subject:
https://el2017.blogspot.com/2019/04/second-update-on-midwest-flooding.html
https://el2017.blogspot.com/2019/03/us-midwest-flooding-update.html
https://el2017.blogspot.com/2019/03/us-midwest-flooding-threatens-food.html
https://el2017.blogspot.com/2019/04/second-update-on-midwest-flooding.html
https://el2017.blogspot.com/2019/03/us-midwest-flooding-update.html
https://el2017.blogspot.com/2019/03/us-midwest-flooding-threatens-food.html
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