Mississippi River faces third consecutive year of low water levels, impacting farming and shipping.
The Mississippi River is facing its third consecutive year of low water levels, impacting farmers' ability to transport crops during a crucial shipping season. This situation has led to increased shipping costs, with freight rates currently 55% higher than average. Nearly 83% of the Midwest is abnormally dry, exacerbating transportation issues. Proactive measures, such as dredging, are being implemented, but farmers may still face competitive disadvantages in global markets.
October 24, 2024
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