Published: Thursday, 14 April 2016 15:57
Written by Press Room
BNSF Railway, Montana’s primary freight carrier, has announced a decrease in its tariff rates for shipments of wheat in the Northern states. BNSF’s Vice-President of Ag Products, John Miller discussed the reduction of wheat rates by $100 per car with a meeting of farm group leaders in Great Falls, recently. Miller indicated that this rate reduction is market-based, and should help move burdensome stocks of wheat to export markets, as well as to domestic customers. Recent reductions in fuel costs, plus lower export volumes, were factors in the action by BNSF. Miller also noted that pulse rates are lowered by $75 per car.
Published: Wednesday, 24 February 2016 11:09
Written by Evelyn Pyburn
“We are set for broader growth in the state, but we are not looking for anything spectacular because of the global environment,” proclaimed Montana’s top economist Patrick Barkey, Director of the Bureau of Business and Economic Research, in presenting to the audience of the Montana Economic Seminar in Billings, early this month.
Barkey projected the state to experience a growth of about 2.9 percent in 2016 – “a pretty optimistic forecast.”
While Yellowstone County’s economy is projected to continue to grow at around 3 percent, in 2016 and through 2019, the Billings area may begin to see more significant impacts from the decline of oil prices – and ag prices, which are all lower than a year ago.