NEWS
Senators Lament Rail Logjam
Katie Micik DTN Markets Editor
Thu Sep 11, 2014 07:12 AM CDT

WASHINGTON (DTN) -- Sen. Heidi Heitkamp, D-N.D., recounted a conversation she had with six farmers recently about rail freight service. Because of the disruptions, their cash corn price declined to $2.20 per bushel while their break-even price is around $4, a common occurrence across the Northern Plains these days.

The farmers estimated the extra transportation costs shaved about half a million dollars from their bottom line.

"This is about the very real economic consequences of what's happening in farm country," Heitkamp said. "What I am most concerned about is that we will be back here next year having the same ...

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