78 - The Downstream Impact of Devastating Floods in The Midwest

Catastrophic weather events in Nebraska and Iowa, as well as Missouri, South Dakota, Kansas, and Minnesota are in the news. Our hearts go out to those affected by the floodwaters. But what's the "downstream" impact of these floods? Dennis Haugen, North Dakota farmer, owner of General Grain grain salvage, and friend of the show joins me to discuss that. Railroads are unable to operate as track lies compromised from floodwaters. Trucks can't roll, and barges can't navigate. All this puts grain processors and end users using JIT production models in a pickle. Then there are the farmers and farmsteads — will they be ready to roll this spring? And what about their infrastructure and equipment — will insurance get them back to whole? When catastrophic events happen in that geographical area, the entire Business of Agriculture is affected. Tune in for an interesting discussion.