The shipping industry expects the Longshoremen’s Association to ratify their new contract this week, putting an end to months of uncertainty for farmers looking to move their grain.
“Hopefully, by the end of February, early March, there will be a new six-year contract, which, again, that’s very important to us, because that provides predictability, additional predictability when it comes to our supply chain,” said Soy Transportation Coalition’s Mike Steenhoek.
That vote could come as soon as tomorrow. Steenhoek expects both parties to pass the contract, which will be in effect until 2030.
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AFBF Economist: Farmer Bridge Assistance Payments Fall Short for Sugar, Alfalfa, and Specialty Crops
AFBF Economist Faith Parum provides analysis and perspective on the Farmer Bridge Assistance Program—what commodity growers should know and potential remedies for producers facing crop losses where that aid falls short.
