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Report: Rail Delays Cost Minnesota Farmers

Created: 07/10/2014 10:30 AM KSTP.com

A new report estimates that delays in railroad shipping have cost Minnesota corn, soybean and wheat farmers nearly $100 million.
    
The report was released Thursday at a conference in Alexandria organized by the Minnesota Department of Agriculture.
    
Edward Usset of the University of Minnesota Center for Farm Financial Management estimates rail delays cost Minnesota corn growers $72 million from March to May. He puts the losses at $18.8 million for soybean growers and $8.5 million for wheat growers.
    
The report also estimates the corn remaining in on-farm storage across Minnesota is worth $122 million less and the remaining hard red spring wheat is worth $1.7 million less because of rail bottlenecks.
    
Railroad delays across the region have been blamed on a combination of increased oil shipments and the hard winter.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

This Nov. 6, 2013 file photo shows a warning placard on a tank car carrying crude oil near a loading terminal in Trenton, N.D.
Photo: AP/Matthew Brown, File

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