U.S. farmers face devastation following Midwest floods

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Canton, MO, June 20, 2008 -- Farmland near Canton are impacted by flood waters stemming from the Mississippi River. Jocelyn Augustino/FEMA

(Worthy News) - Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could - in bins, plastic tubes, in barns or even outside.

Now, the unthinkable has happened. Record floods have devastated a wide swath of the Farm Belt across Iowa, Nebraska, South Dakota and several other states. Early estimates of lost crops and livestock are approaching $1 billion in Nebraska alone. With more flooding expected, damages are expected to climb much higher for the region.

As river levels rose, spilling over levees and swallowing up townships, farmers watched helplessly as the waters consumed not only their fields, but their stockpiles of grain, the one thing that can stand between them and financial ruin. [ Source (Read More...) ]

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