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Tuesday, June 17, 2008

Iowa Independent: Spared by flooding, Western Iowa poised to prosper from inflated commodity prices

Excerpted from this post at Iowa Independent

With floodwaters ravaging much of Iowa's farmland, and other
grain-producing areas of the world facing their own problems, swaths
of western Iowa that have been largely spared Mother Nature's wrath
stand poised to reap unprecedented rewards from corn and soybean
prices that may hit once-unthinkable heights. "There could be some
phenomenal results," said David Leiting, general manager of the FAC
Farmers Cooperative Elevator in Arcadia, located between Carroll and
Denison. "The fact is that's really true," added Dennis Molitor,
director of the Carroll County Office of the Iowa State University
Extension Service. "The exceptions are those by rivers or streams.
Overall and in general we (west-central Iowa) are really fortunate."

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