ASB Barge Services December 10 th, 2009 Missouri River Freight Corridor Development Forum

AGRIServices of Brunswick, LLC 31 years experience in agriculture 31 years experience in agriculture Located on HWY 24 West of Brunswick, MO Located on HWY 24 West of Brunswick, MO MO River Mile 256 MO River Mile ,000 ton Dry Fertilizer Storage 45,000 ton Dry Fertilizer Storage 16,000 ton Liquid Fertilizer Storage 16,000 ton Liquid Fertilizer Storage 3,000,000 bushel Grain Capacity 3,000,000 bushel Grain Capacity Retail & Wholesale Liquid Blend Plant Retail & Wholesale Liquid Blend Plant Retail Dry Fertilizer Blending Plant Retail Dry Fertilizer Blending Plant

Fertilizer business dependant on barge shipments for 31+ years. Fertilizer business dependant on barge shipments for 31+ years. Prior to 2004 ASB shipped Prior to 2004 ASB shipped Fertilizer: barges per year Fertilizer: barges per year Grain: barges per year Grain: barges per year Coordinated shipments with the 4 main towing companies working MO River Coordinated shipments with the 4 main towing companies working MO River Active members of various MO River organizations Active members of various MO River organizations Missouri Levy Drainage District Missouri Levy Drainage District MO-ARK MO-ARK Missouri River Navigation Caucus Missouri River Navigation Caucus Experience on the MO River

ASB’s start in towing business ASB began chartering a tow boat in 2006 ASB began chartering a tow boat in 2006 Factors that led ASB into towing business Factors that led ASB into towing business Last 2 remaining towing companies exiting barge business Last 2 remaining towing companies exiting barge business Most economical way of transporting products Most economical way of transporting products Maintain sufficient supply of products Maintain sufficient supply of products Keep navigation alive on the Missouri River Keep navigation alive on the Missouri River

ASB Barge Services Leased towboat from Excel Marine of Cincinnati, OH Leased towboat from Excel Marine of Cincinnati, OH M/V Butch Bowman M/V Butch Bowman Serve points from St. Louis to Blair, NE Serve points from St. Louis to Blair, NE Work with all major barge suppliers Work with all major barge suppliers Coordinate shipping to/from any point on inland river system Coordinate shipping to/from any point on inland river system

M/V Capt. Butch Bowman Totally refurbished – completed June of 2009 Totally refurbished – completed June of HP 2400 HP Shallow draft boat Shallow draft boat Push up to 6 loaded barges on MO River Push up to 6 loaded barges on MO River Crew of 7 Crew of 7

M/V Capt. Butch Bowman

Locations serviced Hermann Sand – Hermann, MO Hermann Sand – Hermann, MO ASB – Brunswick, MO ASB – Brunswick, MO La Farge – Sugar Creek, MO La Farge – Sugar Creek, MO Midwest Terminal – Kansas City, MO Midwest Terminal – Kansas City, MO Drexel – Leavenworth, KS Drexel – Leavenworth, KS Port Authority – St. Joseph, MO Port Authority – St. Joseph, MO DeBruce – Nebraska City, NE DeBruce – Nebraska City, NE Kinder Morgan – Omaha, NE Kinder Morgan – Omaha, NE CBI – Blair, NE CBI – Blair, NE

Barges Towed

Products moved on MO River

Barge, Rail, Truck Comparison = = 1 Barge 15 Railcars 60 Trucks

Northbound Freight Rates from NOLA * Barge – 6 barge tow Rail – Published tariff rates Barge/ Truck - includes $4/ton handling charge

Southbound Freight Rates from NOLA * Barge – 6 barge tow Rail – Published tariff rates Truck/Barge - includes $2.50/ ton handling charge

How is the MO River different than other navigable rivers? Swifter currents Swifter currents Restricted barge drafts Restricted barge drafts Channel width Channel width Changes in channel Changes in channel Lack of switch boats at major destinations Lack of switch boats at major destinations

Hurdles to expanding traffic on the MO River River season River season Grain movement has changed from years past Grain movement has changed from years past Heavier St. Louis drafts Heavier St. Louis drafts Same barges in/out on tow Same barges in/out on tow Lack of active river ports to handle various needs Lack of active river ports to handle various needs Scheduling to have barges in place Scheduling to have barges in place

Opportunities on the MO River Northbound freight from Gulf is more economical by barge Northbound freight from Gulf is more economical by barge Higher water flows will increase drafts Higher water flows will increase drafts More traffic will decrease rates More traffic will decrease rates Increase in boats on the river will make switching more convenient, decreasing stand-by time Increase in boats on the river will make switching more convenient, decreasing stand-by time

Outlook for 2010 season More corn acres projected More corn acres projected Record harvest Record harvest More pressure to have fast reliable shipping More pressure to have fast reliable shipping Above average run-off forecasts in Missouri River basin Above average run-off forecasts in Missouri River basin More inquiries about construction projects, wind tower projects More inquiries about construction projects, wind tower projects

Questions?