What's Happening?
U.S. inland waterways are crucial for maintaining the competitiveness of American agriculture by efficiently moving bulk commodities and supporting jobs and exports. New federal research highlights the economic value of these waterways, which generate
approximately $30 billion in annual economic output and support over 200,000 jobs. However, concerns about aging infrastructure and the need for investment in lock expansion and dredging are growing.
Why It's Important?
The inland waterways are essential for keeping transportation costs low for agricultural exports and inputs, such as fertilizers. They play a significant role in linking inland production to global markets, particularly for major crops like soybeans and corn. Ensuring the reliability and efficiency of these waterways is vital for the U.S. to maintain its competitive edge in the global agricultural market.
What's Next?
Investment in infrastructure improvements, such as lock expansion and dredging, will be necessary to prevent disruptions that could increase costs and weaken U.S. competitiveness. Policymakers and industry stakeholders will need to prioritize funding and strategic planning to address these infrastructure challenges and ensure the long-term viability of the inland waterway system.
