Farm-state senators are increasing their
request for drought relief dollars by half, saying the nation's
farmers now need an estimated $6 billion or more in assistance.
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Minnesota's soybean crop suffered most from the summer drought according to the U.S. Department of Agriculture. Some Minnesota farmers will find their best yields ever next month while may take home half a crop.
While everyone who drives is feeling the impact of the rising cost of fuel, some businesses like trucking companies and farming operations are being hit even harder.
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At the 25th annual Farmfest in Redwood Falls, a couple hundred farmers took a day off Tuesday, to listen to politicians and check out the latest equipment.
The candidates for Minnesota's U.S. Senate seat sparred over agriculture policy today at Farmfest near Redwood Falls. Republican Mark Kennedy and Democrat Amy Klobuchar both said it may be a good idea to extend current federal agriculture programs instead of writing a new farm bill next year. They disagreed over which one is the true friend of the farmer.
Corn farmers dealing with drought may have another
problem, low prices. Corn prices have declined in recent weeks because traders believe there's enough grain on hand to meet demand.
Drought conditions in northwest Minnesota and the Red River Valley are hurting farmers and ranchers. The dry weather isn't just damaging crops and reducing yields, it also has some ranchers selling off cattle.
The harvest of winter wheat is just finishing up and combines will move over to the spring wheat harvest this week or early next. Farmers expect $5 per bushel this year. That's up $1.50 over last year. Consumers are seeing an increase in the grocery store but the reason for that might surprise you.
Farm subsidies are becoming so expensive some people expect significant changes in federal agricultural policy. If that happens, land and water conservation programs may benefit.
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