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View Diary: Drought and Low Water: The Mississippi May Be Unnavigable Within Weeks (191 comments)

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  •  All true, but (9+ / 0-)

    The point is that we can't substitute another means of transport if there are no additional hopper cars nor enough additional trucks to hire.

    Our farmers need the income from selling their crops.  They can't sell if they can't get the crop to market.  The same applies to the middlemen---Archer Daniels Midland and the rest.

    But, the drought is continuing.  Our farmers won't have a crop to sell.  Food prices in the U.S. and around the world will rise and food shortages in impoverished areas will worsen.  Farms will be lost to creditors.

    •  Reality calling: (3+ / 0-)
      Recommended by:
      LilithGardener, mightymouse, SadieSue

      So if we here are as reality based as we would like to be, is this the time to invest in railroad stocks?

      Other than Union Pacific, I'm not sure I know the names of the current railroads crossing the Great Plains.  But I suppose it is time to start learning.

    •  Not to worried about that at the moment... (3+ / 0-)
      Recommended by:
      cocinero, LilithGardener, mightymouse

      selling the crop, that is. The harvest is in and most farmers will have sold it by now. Many farmers likely sold it on futures in the spring or summer. It's the middle man's problem now. Which isn't to say it's less of a problem, but this won't cause many farmers to lose thier farms.

      unless the drought continues into spring. Then it's a whole different ball game.

      Either way, I wouldn't panic just yet. I would imagine shipping on the Mississippi is less in the winter anyways. It's a bad thing, but only becomes a very, very bad thing if the drought is still here in the spring.

      "There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible." -Henry Ford

      by sixeight120bpm on Mon Nov 26, 2012 at 09:20:25 AM PST

      [ Parent ]

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