Trump’s trade war = record bankruptcies for farmers


TOMASSEREDA

❝ Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data.

And farmers aren’t hopeful about this year.

❝ Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.

Farmers are being battered by sinking commodity prices — and stiff tariffs from China and Mexico in retaliation for Trump’s tariffs on imports…

Farmers fear it will take years to rebuild those trading relationships.

Don’t worry, be happy, Trump is on your side. Stealing your wallet.

One thought on “Trump’s trade war = record bankruptcies for farmers

  1. McDonald says:

    “American farmers confront a mental health crisis as revenues decline and debt piles up” https://www.sltrib.com/news/2019/03/21/american-farmers-confront/
    “Colorado farmers and ranchers are struggling — and it can take a big mental toll” https://www.denverpost.com/2018/10/03/colorado-farmers-mental-health/
    A Canadian University study in 2016 found farmers are among the most vulnerable groups when it comes to mental health, reporting higher levels of stress, depression, emotional exhaustion and burnout than the general population. The same study found 40 per cent of agricultural producers would feel uneasy getting professional help due to the stigma that exists around the issue. https://news.uoguelph.ca/2016/06/farmers-need-want-mental-health-help-survey/
    Meanwhile: “‘It’s Probably Over for Us’: Record Flooding Pummels Midwest When Farmers Can Least Afford It” https://www.nytimes.com/2019/03/18/us/nebraska-floods.html

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