For many Midwesterners, wind is an occasional nuisance. For farmers, though, the wind’s impact can be huge — drying out crops and eroding topsoil. Gusts big and small also complicate the application of chemicals, and that can be particularly costly.
When futures trading firm MF Global went bankrupt at the end of October, regulators discovered $1.6 billion in customer funds missing, much of it belonging to Midwest farmers and ranchers. But MF Global clients aren’t the only ones hurting in farm country.