Midwest Flooding Could Impact Food Prices


At least 1 million acres (405,000 hectares) of U.S. farmland were flooded after the "bomb cyclone" storm left wide swaths of nine major grain producing states under water this month, satellite data analyzed by Gro Intelligence for Reuters showed. 

Business Specialist Spencer McGowan says, "Prices for corn, cotton and wheat will jump up about ten percent. The farmers in the Rio Grande Valley have a good farming year, which could help keep costs from skyrocketing."

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