10/31/2023 0 Comments Harvest finance crash![]() Months of dry and warm weather have hit Missouri hard, with 40% of the corn crop reported in poor or very poor condition, and the report of good or excellent crops nation wide was only about 50%, the worst in more than a decade.Ĭhris Chenn, the Director of Missouri Agriculture reports: "Drought conditions in Missouri and across much of the region have pushed Mississippi River levels extremely low, impacting grain transportation as harvest season begins. Northern stretches of the river have recovered, but dredging still continues south. Though floodwaters quickly receded, they left behind a plethora of underwater sand and debris, forcing a lot of dredging, which is to clear debris from a river, harbor or other area of water with a dredge, or a large crane-like object. Both states have tributaries that feed the Mississippi River. ![]() This flooding came at a time of dire need for the upper Missouri River Basin, with areas in Iowa and Minnesota seeing less than 25% of expected rainfall for the summer season. A huge snowpack in the northern plains melted quickly with above average seasonal temperatures there, forcing riverfront communities to hurriedly erect barriers to stop flooding during the early summer. The shallow river is especially abnormal given the height of the river just months ago. This is the second-straight year drought has caused the Mississippi to drop to near-record lows. Louis to the Gulf of Mexico that are affected, including most of mid-Missouri. Louis has a series of manmade locks and dams that guarantee a nine-foot-deep channel all the way to Minneapolis. It’s worth noting, the northern Mississippi River valley (Des Moines and north) to St. Companies now have to load less into each ship and string fewer barges together to avoid running aground. Louis does not remain consistently deep enough to accommodate typical barges. Prices have risen because the river south of St. A typical group of 15 barges latched together can carry as much cargo as around 1,000 semi-trucks.Īs the Mississippi River has dropped, however, the rate to ship down the Mississippi has skyrocketed to about 77% more expensive than the previous three year average from St. grain exports are taken by barge down the Mississippi to New Orleans, where the corn, soybeans and wheat is ultimately transferred to other ships. The Mississippi River is so low that now, barge companies are forced to reduce their loads as Missouri farmers are preparing to harvest crops and send corn and soybeans downriver.Ībout 60% of U.S. Thousands of Missourians have seen money evaporate with dying crops in drought conditions this summer, and now Missouri farmers can expect higher transportation prices to sell what goods remain.
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