Ag Department Supports Railroad Project
Washington D-C – The U-S Agriculture Department put out
a positive report today (Thursday) on the possible benefits of the
Dakota, Minnesota and Eastern Railroad expansion into Wyoming.
The agency says it could save federal taxpayers 240 (m) million
dollars a year in reduced corn subsidy payments and even more when
soybeans, wheat and other grains are factored in.
The report says the increased rail competition would lower
shipping rates, which increases profits to farmers and drops the
need for farm subsidies.
South Dakota Senator John Thune says the report shows the
project would not only create jobs in South Dakota but help the
entire agriculture economy.
Opponents say the report is speculative, doesn't consider the
negatives and doesn't answer why the project needs a federal loan
if the benefits are so great.