• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Environmentfarming

Farmers who have watched drought scorch their fields now face a low Mississippi River—and higher transport prices 

By
Scott McFettridge
Scott McFettridge
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Scott McFettridge
Scott McFettridge
and
The Associated Press
The Associated Press
Down Arrow Button Icon
September 17, 2023, 11:23 AM ET
Barges float in the Mississippi River as a portion of the riverbed is exposed, Friday, Sept. 15, 2023, in St. Louis.
Barges float in the Mississippi River as a portion of the riverbed is exposed, Friday, Sept. 15, 2023, in St. Louis. AP Photo/Jeff Roberson
Add Fortune on Google for similar content.

A long stretch of hot, dry weather has left the Mississippi River so low that barge companies are reducing their loads just as Midwest farmers are preparing to harvest crops and send tons of corn and soybeans downriver to the Gulf of Mexico.

The transport restrictions are a headache for barge companies, but even more worrisome for thousands of farmers who have watched drought scorch their fields for much of the summer. Now they will face higher prices to transport what remains of their crops.

Farmer Bruce Peterson, who grows corn and soybeans in southeastern Minnesota, chuckled wryly that the dry weather had withered his family’s crop so extensively they won’t need to worry so much about the high cost of transporting the goods downriver.

“We haven’t had rain here for several weeks so our crop size is shrinking,” Peterson said. “Unfortunately, that has taken care of part of the issue.”

About 60% of U.S. grain exports are taken by barge down the Mississippi to New Orleans, where the corn, soybeans and wheat is stored and ultimately transferred to other ships. It’s usually an inexpensive, efficient way to transport crops, as a typical group of 15 barges lashed together carries as much cargo as about 1,000 trucks.

But as river levels drop, that cost has soared. The cargo rate from St. Louis southward is now up 77% above the three-year average.

Prices have risen because the river south of St. Louis does not remain consistently deep enough now to accommodate typical barges, forcing companies to load less into each vessel and string fewer barges together.

North of St. Louis, a series of locks and dams guarantees a 9-foot-deep (2.7-meter) channel as far north as Minneapolis-St. Paul. But that’s not the case in the lower Mississippi.

“We’re keeping things moving but could use some rain, some help from Mother Nature,” said Merritt Lane, president of Canal Barge Company of New Orleans.

Canal Barge, which works much of the Mississippi as well as the Illinois and Ohio rivers, has had to lighten loads so barges ride higher in the water. The company also can’t link as many barges together because the shipping lane is narrower, Lane said.

A narrowed shipping lane also means barges from different companies must squeeze into limited space, forcing backups and delays.

This is the second-straight year drought has caused the Mississippi to drop to near-record lows. With no significant rain in the forecast, it’s likely to keep falling.

The shallow river is especially striking given the height of the river just months ago. A huge snowpack in northern Minnesota and Wisconsin quickly melted, forcing riverfront communities such as Davenport, Iowa, and Savanna, Illinois, to hurriedly erect barriers to stay dry in late April and early May.

Though floodwaters quickly receded, they left behind mountains of underwater sand, forcing the Corps of Engineers to “dredge like crazy” to clear out a shipping channel, said Tom Heinold, who commands the Corps’ Rock Island district spanning 312 miles (500 kilometers) of the Mississippi from northern Iowa south to Missouri.

“After the flood came through this spring it was a touchy situation,” Heinold said. “In May and June we were jumping very quickly from place to place to try to get pilot channels open as the water was dropping.”

Northern stretches of the river are now in good shape, but dredging continues south of St. Louis, Heinold said.

Months of dry and warm weather have hit the Midwest hard, damaging crops in much of the region west of the Mississippi River. In Kansas, 40% of the soybean crop was reported in poor or very poor condition, with the same conditions for 40% of the corn crop in Missouri.

The Midwest grows most of the nation’s corn and soybeans. The percentage rated good to excellent nationwide was a little more than 50%, the worst rating in more than a decade.

Then there is the higher cost of shipping crops downriver.

Mike Steenhoek, executive director of the Soy Transportation Coalition, said many Midwest farmers have multiple transport options, among them trucking and shipment by train for use by nearby ethanol and biodiesel plants and for processing into animal feed. But for grain exported from the U.S., the higher cost of shipping down the Mississippi hurts.

“It’s the way that farmers in the middle of the United States connect with the international marketplace,” said Steenhoek, whose group advocates for effective crop transportation systems. “It allows these farmers to have a very efficient way of moving their products a long distance in a very economical manner.”

Rising barge costs eating directly into farmers’ profits come at a time when American soybean and corn exports face increased international competition, he said.

From his work site beside the Mississippi River in Red Wing, Minnesota, Jim Larson watches as the river rises and falls through the seasons. He has seen plenty of droughts and floods during 30 years in the business and said it forces everyone who relies on the river to remain nimble.

“Some years you have flood and some years you have drought and sometimes you have them both in the same year,” said Larson, manager of Red Wing Grain, a storage and grain-loading operation. “It’s crazy and it seems like lately we’re having more of both, and so you have to be adaptable and change with the situation that is given to you. Kind of keeps you on your toes.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Scott McFettridge
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

White House blames ‘leftist activists’ for Reflecting Pool snafus as crews put up fencing to block off the algae- and peeling paint-filled water
LawWhite House
White House blames ‘leftist activists’ for Reflecting Pool snafus as crews put up fencing to block off the algae- and peeling paint-filled water
By Matthew Daly and The Associated PressJune 24, 2026
2 hours ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
19 hours ago
Tom and Diane Peterman pose outside their home at Black Lake on Wednesday, April 29, 2026, in Grant Township, Mich.
EnvironmentNatural disasters
FEMA told these families they weren’t in a flood zone. Then ice came through the windows
By Tammy Webber, M.K. Wildeman and The Associated PressJune 23, 2026
20 hours ago
Woman hides from the sun in front of Big Ben in London
EconomyEurope
‘London isn’t just calling—it’s cooking.’ Europe’s largest economies face over $600 billion in heat-driven losses by 2030
By Tristan BoveJune 23, 2026
23 hours ago
fr
EnvironmentUnited Kingdom
France rues widespread lack of air conditioning as country roasts under 104-degree heat wave
By Samuel Petrequin and The Associated PressJune 23, 2026
1 day ago
un
EnvironmentData centers
‘It is time to come clean’: UN Secretary General calls out AI companies on their climate impact
By Alexa St. John and The Associated PressJune 23, 2026
1 day ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
9 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.