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.
Related Stories
The American Farm Bureau Federation (AFBF) is urging Congress and the Trump Administration to act quickly on behalf of American agriculture.
Better yield measurement means fairer grids, more precise breeding targets, and more dollars for truly efficient cattle.
“A can for your favorite pie, bread, or whatever, it is probably Illinois-grown.”