Union Pacific has announced plans to merge with Norfolk Southern, creating the first transcontinental railroad in the United States.
Both systems are major transporters of U.S. ag goods. The two announced they will combine forces, creating a system worth $250 billion. Mike Steenhoek with the Soy Transportation Coalition says there could be some concern around consolidation, but he adds that rail lines are crucial to the success of farmers and U.S. agriculture as a whole.
An investor call was announced this morning for stakeholders.
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“The farm economy is, if it isn’t in a crisis, it’s well on its way to one right now.”
Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.
With the latest detection just across the border, animal health officials on both sides are intensifying efforts to contain the outbreak before it spreads further north.
The USDA NASS report also confirms lower August placements.
While symbolic, the WTO’s youth hackathon reflects growing calls for creative approaches to food trade and security, with potential implications for reducing losses, expanding biofuel markets, and stabilizing grain flows.
