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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Thousands of pork producers from around the globe gathered in Des Moines, Iowa, this week for the World Pork Expo to showcase the latest production innovations and learn about market trends in the industry.
“I’ll say first and foremost, we need to make sure that the crop insurance system is not conflicting with these good farming practices.”
