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Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
Land of Two Rivers
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Land of Two Rivers

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Presented by Mike Steenhoek, Soy Transportation Coalition

Published in: Technology, Sports
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  • 1. Soy Transportation Coalition Moving Iowa Forward Conference April 24, 2012
  • 2. Why Should Farmers Care About Transportation? …Because our international competitiveness depends on it.Costs of transporting soybeans: U.S. vs. Brazil (per metric ton; 4th quarter, 2011) Davenport, Iowa to Shanghai North Mato Grosso to Shanghai Truck - $10.22 Truck - $115.05 Barge - $28.91 --------- Ocean - $55.33 Ocean – $49.65 Total Transportation - $94.46 Total Transportation - $164.70 Farm Value - $425.00 Farm Value - $358.24 Cost to Customers - $519.46 Cost to Customer - $522.94 Trans. as % of Customer Cost – 18.18% Trans. as % of Customer Cost – 31.50% Source: USDA
  • 3. Why Should Farmers Care About Waterways?…Because farmer profitability is impacted by it.
  • 4. The Soy Transportation Coalition – Farmer funded& farmer led Established in 2007. Comprised of 11 state soybean councils, the United Soybean Board, American Soybean Association. National Grain & Feed Association & National Oilseed Processors: ex-officio members.
  • 5. Panama Canal Expansion – Opportunity for increasedefficiency, or are we shifting the bottleneck? Pre Panama Canal Expansion (70 miles) Post Panama Canal Expansion (111 miles) Post Panama Canal Expansion (161 miles)
  • 6. America’s Locks & Dams: A Ticking Time Bombfor Agriculture?Volume of Commodity Flows (2010) Illinois River  Grain: 24 million tons (20%)  Coal: 13 million tons (11%)  Petroleum: 19 million tons (16%) Mississippi River  Grain: 236 million tons (48%)  Coal: 51 million tons (10%)  Petroleum: 19 million tons (4%) Ohio River  Grain: 49 million tons (5%)  Coal: 614 million tons (59%)  Petroleum: 58 million tons (6%)
  • 7. America’s Locks & Dams: A Ticking Time Bombfor Agriculture?Cost to Agricultural Producers of Lock Closures($ millions):Lock 2 Weeks 1 Month 3 Months 1 YearLaGrange $2.7 $4.8 $21.2 $30.4Lock 20 $2.8 $4.9 $15.4 $44Lock 25 $2.8 $4.9 $15.4 $44.1Markland $0.89 $1.02 $3.8 $4.9Lock 52 $2.9 $3.1 $11.9 $13.9
  • 8. America’s Locks & Dams: A Ticking Time Bombfor Agriculture? • Nation’s lock & dam inventory is underfunded • Current financing system guarantees cost overruns & poor stewardship (Olmstead, Monongahela, e.g.) • Gate failures – Markland Lock (September ‘09; Greenup Lock – February ‘10)
  • 9. Is it time to ask some tough questions? Argument #1: How we allocate money is just as important as how much money we allocate. Argument #2: A predictably good inland waterway system is better than a hypothetically great one.
  • 10. Thank YouSoy Transportation Coalition 1255 SW Prairie Trail Parkway Ankeny, Iowa 50023 515-727-0665 515-251-8657 (fax) www.soytransportation.orgMike Steenhoek, Executive Directormsteenhoek@soytransportation.org

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