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David Sparks Ph.d Midwest Flooding
by David Sparks Ph.d, click here for bio

Program: Idaho Ag Today
Date: April 15, 2019

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It is no shock to anyone that the farmers life is not an easy one with backbreaking labor, consumer choices, vulnerability to weather. Recent rainstorms in the Midwest have resulted in massive flooding and I spoke with Randy Dickhut, senior vice president of real estate operations at Farmers National Company, who stays on top of the financial side of agricultural real estate. “I heard something very foreboding in the form of farmers in your neck of the woods where their silos which are full of grain and storage. The grain is getting wet and rotting. Is that going to cause a huge problem. It already has. Having seen some other floods but it don't take too long for a grain and a grain been to swell and for it to burst out and I flew in from a meeting elsewhere and came in Del Mar airport which is along the Missouri River and flew over the Missouri river bottoms north I was idea and saw several grain bands that had burst out corn probably mostly spilled out. So if they didn't get it emptied the floodwaters or hadn't sold it delivered it already.Their likelihood that that's gone is this going to force some bankruptcies and some guys going out of business. If those farmers were financially on edge or stressed any way this very likely could be the straw that breaks the proverbial camel's back for them.” Let's all pray for the best.

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