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Meanwhile, farmers along the lower Mississippi had been expecting a big year with crop prices skyrocketing, but now many are facing ruin, with floodwaters swallowing up corn, cotton, rice and soybean fields. In far northeastern Louisiana, where Tap Parker and about 50 other farmers filled and stacked massive sandbags along an old levee to no avail. The Mississippi flowed over the top and nearly 19 square miles of soybeans and corn, known in the industry as "green gold," was lost. "This was supposed to be our good year. We had a chance to really catch up. Now we're scrambling to break even," said Parker, who has been farming since 1985. Cotton prices are up 86 percent from a year ago, and corn -- which is feed for livestock, a major ingredient in cereals and soft drinks, and the raw material used to produce ethanol
-- is up 80 percent. Soybeans have risen 39 percent. The increase is attributed, in part, to worldwide demand, crop-damaging weather elsewhere and rising production of ethanol. While the Mississippi River flooding has not had any immediate impact on prices in the supermarket, the long-term effects are still unknown. A full damage assessment can't be made until the water has receded in many places. Some of the estimates have been dire, though. More than 1,500 square miles of farmland in Arkansas, which produces about half of the nation's rice, have been swamped over the past few weeks. In Missouri, where a levee was intentionally blown open to ease the flood threat in the town of Cairo, Ill., more than 200 square miles of croplands were submerged, damage that will probably exceed $100 million. More than 2,100 square miles could flood in Mississippi. When the water level goes down -- and that could take many weeks in some places
-- farmers can expect to find the soil washed away or their fields covered with sand. Some will probably replant on the soggy soil, but they will be behind their normal growing schedule, which could hurt yields. Many farmers have crop insurance, but it won't be enough to cover their losses. And it won't even come close to what they could have expected with a bumper crop. "I might get enough money from insurance to take us to a movie, but it better be dollar night," said Karsten Simrall, who lives in Redwood, Miss. Simrall's family has farmed the low-lying fields in Redwood for five generations and has been fighting floods for years, but it's never been this bad. And the river is not expected to crest here until around Tuesday. "How the hell do you recoup all these losses?" he said. "You just wait. It's in God's hands." The river's rise may also force the closing of the river to shipping, from Baton Rouge to the mouth of the Mississippi, as early as next week. That would cause grain barges from the heartland to stack up along with other commodities. If the portion is closed, the U.S. economy could lose hundreds of millions of dollars a day. In 2008, a 100-mile stretch of the river was closed for six days after a tugboat collided with a tanker, spilling about 500,000 gallons of fuel. The Port of New Orleans estimated the shutdown cost the economy up to $275 million a day.
[Associated
Press;
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