Is era of cheap grain barge rates over?

Is era of cheap grain barge rates over?

*C. Phillip Baumel is a distinguished professor emeritus of economics at Iowa State University.

GRAIN barge shipping rates on the Mississippi River have increased sharply since 2003.

Figure 1 shows the average quarterly barge rates, stated as a percent of a 1976 grain barge tariff, for grain shipments from St. Louis, Mo., to New Orleans, La. The data show that grain barge rat

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