Farmers stuck with low-priced soybeans and edible beans due to trade war tariff retaliation are looking for places to store a big crop until marketing returns to normal — perhaps six months away.
One company, Columbia Grain International LLC at Arvilla and Larimore, N.D., has leased two large flat storage buildings 21 miles away near Grand Forks to store edible beans and soybeans for delayed-price marketing.
“North Dakota is kind of the ‘whipping boy’ in my terms because we send 75 percent of our (soybeans) off the PNW (Pacific Northwest),” Tyler Stegman general manager, CGI Arvilla, N.D. says. “We’re kind of held hostage by the fact that we don’t have a lot of local processing capability in the state.”
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