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FOX NEWS: Farmers going bankrupt because of Trade War
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 -- Bod |
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