US Floods Could Remove 3 Million Acres of Farmland This Year

Mining Weekly reported that Potash Corp. (NYSE:POT) CEO Bill Doyle claims that flooded farmland will not impact company profits.

The editorial is quoted as saying:

Addressing the company’s yearly shareholders meeting, he added that although this amounted to around three-million acres of the country’s farmland, it would not pose too big a threat to increasingly tight world food supplies.

To read the full editorial, click here.