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micky micky is offline
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Default FOX NEWS: Farmers going bankrupt because of Trade War

In alt.home.repair, on Sat, 14 Sep 2019 10:19:32 +0100, 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



But from what I've heard, so far, as a group, only the black farmers
have complained about this. I guess the white farmers still have hope,
but it will be interesting to see if they hold out all the way through
the 2020 election.