Falling prices lead to farmers putting crops in storage
FARGO - It's not just the stock market that's taking a pounding.
Prices of most of the region's crops have plummeted in the past two weeks. The dive includes a 25 percent drop in the price of corn.
That's causing farmers to store their crops and hope that prices rebound.
Problems on Wall Street bear most of the blame for plunging crop prices, said Mike Krueger, founder and president of the Money Farm, a grain marketing advisory service in Casselton, N.D.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.