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Bod[_3_] Bod[_3_] is offline
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Default FOX NEWS: Farmers going bankrupt because of Trade War

On 14/09/2019 15:14, Shadow wrote:
On Sat, 14 Sep 2019 09:52:35 -0400, devnull wrote:

On 9/14/19 6:07 AM, Bod wrote:
On 14/09/2019 10:59, devnull wrote:
On 9/14/19 5:19 AM, Bod wrote:
According to a recent report from the Nebraska Farm Bureau, the international tariffs are costing farmers in the state $943 million in lost revenue. The projected losses would be in addition to tariff-related losses in farm-level income estimated
between $695 million to $1.026 billion in 2018, according to the report.

Beyond Nebraska, Midwest farmers are also feeling the strain as bankruptcies skyrocket. Data from the American Farm Bureau Federation published in July showed delinquency rates are at a six-year high for commercial agricultural loans in both the real
estate and non-real estate lending.

Wisconsin, Kansas, and Minnesota are leading the nation in Chapter 12 filings. Bankruptcy filings in Kansas and Minnesota increased so significantly in the past year that they reached the highest levels of the past decade, according to the report.

https://www.foxnews.com/politics/mid...hina-trade-war


Organic farmers here are doing great...even without the USDA's welfare subsidies.
Of course if you don't like organic, you can always eat genetically modified crops grown in nutrient-depleted soil and marinated in glyphosate.
It's all about free choice.

https://www.motherjones.com/food/201...-conventional/
Not much good if you're farm has gone bankrupt, leaving you with no money and debts.

"bankruptcies skyrocket"



Running a business is not easy, some farmers just don't have what it takes.


And yet they DID "have what it takes" before the tariffs.
Must be a coincidence...
[]'s

The daily bull**** from Trump and Trumpets is simply unbelievable.


--
Bod