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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 17:16, Bod F wrote:
On 9/14/2019 10:35 AM, trader_4 wrote:
On Saturday, September 14, 2019 at 10:00:26 AM UTC-4, Bod wrote:
On 14/09/2019 14:52, 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/


Â*Â* 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.Â* OTOH, the smart organic farmers are thriving.
It's all about supply and demand and providing what people want.Â* It's
called capitalism, get it?
Â*
Â* You call 2% a high demand?

Sales of organic food have grown by 20 percent annually, and experts
predict that the industry's share of the U.S. food market is expected to
grow from about 2 percent to roughly 3.5 percent by the end of the
decade.
Demand for Organic Food Growing Faster than Domestic Supply

https://www.organicconsumers.org ۼ news ۼ
demand-organic-food-growing-...

--
Bod

The silliness of the trumptards never ceases to amaze.Â* Not only is
organic
small, if you look at that 2%, the intersection with that and the rotting
soybeans and similar is a tiny part of even that.Â* What people are buying
as organic here mostly are vegetables, fruits, etc for human consumption,
eg lettuce, carrots, tomatoes and apples. And China sure isn't saying
we're not buying your crops because we want organic.



Yet I don't know of a single organic farmer who has gone bankrupt.

Wow, trumpet logic, LOL.

If the demand is only 3.5%, are farmers gonna *make* the other 96½ % of
folk buy organic. Jeez!

--
Bod