Minnesota Farmers Lose $109 Million from Slow Rail Transport

08:38AM Aug 28, 2014

The Minneapolis Star Tribune reports this morning that Minnesota farmers may have lost $109 million this past spring because of major rail shipping snafus.

Minnesota Governor Mark Dayton worries that oil shipments out of the Bakken oil fields in North Dakota are receiving preferential treatment because oil companies pay premiums. Some 100 million bushels of corn, wheat and soybeans remain in farm storage because of inadequate rail car movement.

You can read the full report here