WASHINGTON — American Soybean Association Director Lance Peterson joined other concerned growers in Fargo, N.D. at a public hearing before the Surface Transportation Board (STB) to testify on rail service issues and the negative impacts on soybean growers.
As the backlog of rail cars in the upper Midwest continues, many elevators are still full of 2013-crop grain ahead of a looming 2014 harvest. This backlog negatively affects basis levels and cash bids, and could create a grain storage crisis as a new crop harvest begins.
Peterson, a soybean farmer from Underwood, Minn., represented ASA and the Minnesota Soybean Growers. . .
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