Grain Farmers Face Devastation Following Floods
Record floods have devastated a wide swath across Iowa, Nebraska, South Dakota
Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could - in bins, plastic tubes, in barns or even outside.
Reuters reports, however, that record floods have devastated a wide swath of the Farm Belt across Iowa, Nebraska, South Dakota and several other states.
Early estimates of lost crops and livestock are approaching $1 billion in Nebraska alone.
Farmers say they are now finding storage bags torn and bins burst open, grain washed away or contaminated. Jeff Jorgenson, a farmer and regional director for the Iowa Soybean Association, said he has seen at least a dozen bins that burst after grains swelled when they became wet.