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How many of these flooded are socialist Republicans that are going to want their Socialist govt. to give them hardworking taxpayers cash that don't live in flood plans.
Pay libbies more tax money so they can tell us how when and where we are all gonna die.
As predicted by many meteorologists, and feared by the rest of us, flooding in the Midwest has claimed more victims this week. Most of the damage to homes, businesses, farms and ranches has been in eastern Nebraska and western Iowa, costing an estimated at $3 billion so far. But rising waters are now causing problems upstream.
To briefly recap the flooding impact so far, the storm that started it all hit the region on March 15, followed by the onset of record flooding the next day which lingered into last week. Heavy rain, snowmelt and ice jams were too much for the ground to handle.
Floodwaters have swamped grain bins and washed away cattle. The deluge has stalled crop shipments for U.S. grain traders, as well as inundating roads and rail lines that companies including Hormel Foods (NYSE: HRL) and Tyson Foods (NYSE: TSN) use to move meat.
Cargill, Inc. said on Thursday that flooding last week closed three of the agricultural conglomerate’s grain elevators in Nebraska for a day, in addition to one in Iowa. Earlier this week, grain-trading giant Archer Daniels Midland (NYSE: ADM) said that flooding and rough winter storms may end up cutting its first-quarter operating profit by as much as $60 million. ADM shut down a facility in Columbus, Nebraska – one that makes products including ethanol – for 24 hours after flood waters swamped a nearby rail line.
“We won’t be able to resume normal operations until full rail service is back up and running,” Chris Cuddy, senior vice president of ADM, told the Wall Street Journal today.
BNSF Railway Company, owned by Berkshire Hathaway (NYSE: BRK), and the Union Pacific Railroad (NYSE: UNP) still have tracks that are out of service. However, BNSF is expecting to reopen some tracks this weekend, according to the company's latest outage report.
More: https://www.freightwaves.com/news/midwest-flooding-continues-to-stall-transportation
#MidwestFlooding #Economics #FoodPricesGoingToGoUp #PriceForEverythingElseGoingToGoUp