Louisiana soybean storage silos full because of trade wars

October 04, 2018 - 12:26 pm
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(WWL.com)

With recent trade negotiations having disrupted the usual shipping lanes for soybeans as well as a higher yield from farmers, storage silos are full and Louisiana farmers are having issues finding places to store their crops before they can be shipped. Congressman Ralph Abraham has put in a request to the USDA requesting help with the issue. Abraham says there are still many beans that need to be harvested but have nowhere to go.

"Louisiana still has somewhere in the neighborhood of 300,000 and 400,000 acres of soybeans to harvest and these elevators just aren't taking the beans and it's an issue," says Abraham.

Abraham says among the suggestions he’s presented to the USDA, he says it may be time to reach out to private farmers of other crops to use their empty storage facilities.

"Incentivize those private bins to take these soybeans for just a short time until we can find some barges to offload them on," suggests Abraham.

Abraham says if this isn’t resolved quickly, the consequences could be dire.

"The end result could be farmers could go bankrupt.  It's a clear and very present emergency that we only have a matter of a few weeks, if that much, to get this thing resolved," says Abraham.
 

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