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A recent study shows that farmers, more than any other segment of agriculture, are responsible for paying the transportation costs from the farm to the dinner plate.
Company says it will invest $3 million for upgrades to the facility formerly owned by Michigan farmer Mike Stamp.
Despite the government shutdown, proponents of legislation authorizing new waterway projects and improvements on the existing lock and dam system, believe the bill could pass.
The delays have stretched dangerously close to grain harvesting season, when barges need to carry wheat, soybeans and corn from throughout the Midwest down to the Gulf Coast for export.
The company posted a 12 percent drop in fiscal fourth- quarter profit as its trading and processing business continued to feel the effects of drought in the U.S. and a shortage of railcars.
Since farmers’ profits are dropping this year alongside crop prices, bridge-infrastructure needs have come into sharper focus.
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