ND
GRAIN DEALERS ASSOCIATION TESTIMONY ON SB 2008 Good
morning Mr. Chairman and members of the Committee.
I am Steve Strege with the North Dakota Grain Dealers
Association. We are a 92
year-old voluntary membership trade association in which about 90% of
our state’s grain elevators hold membership.
PSC
works well with our industry and responds assertively to protect farmers
when necessary. An
example of both is in Section 2 of SB 2008, rail rate complaint.
I am here today especially to tell you of our support for the
$250,000 transfer in that Section to investigate a rail rate complaint
case. North
Dakota has been taken advantage of by railroad grain rates for a long
time. I think the triggering event for proposing this rate case
action was that nonsensical inverse rate the BNSF had on wheat to the
west coast in much of 2001 and through July 2002.
It plainly showed how excessively profitable their wheat rates
are. Imagine this, they were hauling wheat out of western Minnesota to
the west coast for 79 cents a bushel, while farmers and grain elevators
in western North Dakota paid nearly 40% more than that, $1.09, to haul
wheat to the west coast, 300 miles LESS distance.
If BNSF can make money hauling 1800 miles for 79 cents, then how
much more are they raking into their coffers by hauling it 1500 miles
for $1.09? This is the kind
of exploitation they have been getting away with, and it’s time to do
something about it. Another indicator of
excessive rates on wheat is a comparison with corn and soybean rates.
Why does it cost up to 50% more to pull 100 tons of wheat to the
west Revenue
to variable cost ratios are a measure of railroad profitability. On most rail movements of North Dakota wheat, these ratios
far exceed the threshold of a potential finding of unreasonableness.
The
bottom line is that we are being gouged on wheat rates, our largest
crop. We’ve heard a concern expressed about the source of this $250,000, the rail assistance fund. Opponents of this transfer have said it will deny funds for branchline rehabilitation or construction projects at new or existing industries. Let’s not have our attention diverted away from the multimillion dollar problem of excess rates and a chance to do something about them, by concerns of a few with an interest in leaving those funds where they are at. $250,000 will rehabilitate only one to two miles of track, depending on how much work is being done. Contrast that with the tens of millions of dollars in potential savings for thousands of farmers by reducing rates. That money then re-circulates in our state’s economy. A one-cent reduction in the rate for wheat grown in North Dakota is $2.5 million, ten times the amount of money we are talking about in this bill for this purpose. This is a matter of doing the greatest good for the greatest number. At a time of scarce state resources we need to invest where the most have the most to gain. An amendment wisely added in the Senate provides for repayment of this fund if a successful rate case is prosecuted. We
ask the Legislature to approve the expenditure of these funds to start
the rate complaint process. It
has a great potential payoff for North Dakota in terms of saving freight
cost and making our wheat more competitive in world markets.
I’ll try to respond to any questions.
|