BELOW SUPERNAV drop zone ⇩

‘A standstill’: Nation’s farmers brace for potential rail strike impact

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — After one of the largest rail unions rejected a deal earlier this week, many observers fear that a rail strike may be on the horizon.

Such a strike would have wide-ranging ramifications for the nation’s economy, and one of the industries that would be impacted is agriculture.

John Boyd Jr., the founder of the National Black Farmers Association, joined “NewsNation Prime” to discuss the potential strike’s impact.

According to Boyd, “126 million tons of grain in this country is moved by rail. A potential strike by the railroads could be devastating on our food supply chain.”

Boyd added that inflation and the cost of farm equipment are already bearing down on farmers.

He emphasized, however, that he is sympathetic to railroad workers. “I hope that they can come to some sort of agreement,” he said.

But he noted that the implications of a shutdown could be severe.

“You have what’s called grain elevators or buying stations that buy grain from farmers. And once those facilities are full and they don’t have a way to move it, that’s what’s going to bring the American food supply to … a standstill,” he said.

Mike Baldwin, the president of the Brotherhood of Railroad Signalmen, also joined “NewsNation Prime” to discuss negotiations with rail worker unions.

“We’re still at the table with the railroads. We hope to try and come to a deal. That’s what we would want to do. We don’t want to strike, as unions. We would like to reach an agreement that our members would ratify that they would be happy with,” he said.

When asked about their priorities, Baldwin pointed to policies around sick leave. “There needs to be paid sick days. None of our members at the Brotherhood of Railroad Signalmen or any of the other members of the industry have paid sick time. And that’s an issue,” he said.

Professor Dan Roccato of the University of San Diego, who studies the economy, sketched out the implications of a possible strike during a “NewsNation Prime” appearance.

Roccato said, “40 percent of all freight in this country move by rail. And that’s a pretty big number when you think about it,” he said. “A lot of bulk goods — soy bean, corn, chemicals, all these things move majority by rail. Those ingredients go into making other products that you and I depend on, whether they be grocery products or other things. 75 percent of our new cars — rail.”

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Mostly Cloudy

la

52°F Mostly Cloudy Feels like 52°
Wind
0 mph E
Humidity
80%
Sunrise
Sunset

Tonight

Cloudy skies. Low near 50F. Winds light and variable.
50°F Cloudy skies. Low near 50F. Winds light and variable.
Wind
2 mph NE
Precip
3%
Sunset
Moon Phase
Last Quarter