STB rail hearing

Surface Transportation Board to Hold Hearing in Fargo

Minnesota soybean farmers are keeping up their pressure to ensure adequate rail transportation for fall harvest.

Lance Peterson

Lance Peterson

MSGA and ASA Director Lance Peterson of Underwood will testify at the Surface Transportation Board hearing on rail issues in Fargo, N.D., next week. Peterson will address the need to move grain out ahead of and during harvest. His comments will be an update on the testimony he delivered earlier this spring in Washington to the STB.

 The backlog of rail cars to move grain out of the upper Midwest continues, leaving many elevators still full of 2013-crop grain ahead of a looming 2014 harvest. The backlog is negatively affecting basis levels and cash bids, and is likely to create a real grain storage crisis once new crop harvest begins, further impacting producers.