Flax price increase too late for US farmersCANDO, N.D. (AP) — Flax prices are on the rise, but the spike has come too late to be of much benefit to U.S. producers.
CANDO, N.D. (AP) — Flax prices are on the rise, but the spike has come too late to be of much benefit to U.S. producers.
Cando grain elevator manager Roger Krueger says farmers have little old-crop flax to sell, and it's too late to plant a new crop.
Prices have risen nearly $2 a bushel to about $10 a bushel because of heavy rains and flooding in Canada's prairie provinces. That kept many farmers from planting flax and stressed fields that had been planted in the country, the world's leading producer and exporter of flax.
North Dakota leads the U.S. in flax production, accounting for more than 90 percent of the nation's crop. South Dakota ranks second.