Allegedly, trade wars are good and easy to win, but if you ask farmers in the US, they would likely disagree. The Farm Bureau, America’s largest farm lobby, recently published its bankruptcy statistics for the year ending in September 2019 and it doesn’t look good. Bankruptcies increased by 24% year-on-year to 580. And while California and the Northwest saw the biggest percentage increase, farms are dropping like flies mostly in the Midwest and the Southeast. This increase in bankruptcies happened despite net income climbing to $88bn, the highest since 2014.
How is that trade war coming along, Donald?
How is that trade war coming along, Donald?
How is that trade war coming along, Donald?
Allegedly, trade wars are good and easy to win, but if you ask farmers in the US, they would likely disagree. The Farm Bureau, America’s largest farm lobby, recently published its bankruptcy statistics for the year ending in September 2019 and it doesn’t look good. Bankruptcies increased by 24% year-on-year to 580. And while California and the Northwest saw the biggest percentage increase, farms are dropping like flies mostly in the Midwest and the Southeast. This increase in bankruptcies happened despite net income climbing to $88bn, the highest since 2014.