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.
Related Stories
Drought remains a major risk, with the ERS reporting that 98 percent of the U.S. cotton production area was affected by drought in early May.
The coalition says the program was designed to make cover crop enrollment faster and easier for producers.
European officials say the temporary move is aimed at easing pressure on farmers as conflict in the Middle East disrupts fertilizer markets.
Canadian industry leaders argue the tax policies cited by U.S. officials are similar to exemptions already used by American growers.
Jeramy Stephens with National Land Realty joined us to share guidance on preventing land fraud, identifying scams, and protecting farm and rural property owners.
Low snowpack and rapid melt are heightening irrigation concerns across the West as farmers face falling reservoir levels and strained water supplies.
