Farm bankruptcies up 24%

Farm bankruptcies are up 24% over last year, and economists cite Trump’s trade wars as a leading cause.

The number of family farms seeking bankruptcy protection grew 24% over the last year, according to an American Farm Bureau Federation analysis of recent federal court data.

The analysis found family farm bankruptcies are rising fastest in the Northwest.

“We’ve seen low crop prices, low livestock prices for a number of years now,” said chief economist John Newton. “On the back, now, of that we have the trade war where agriculture’s been unfairly retaliated against.”

I’m not as sympathetic as I ought to be, I suppose, because Trump still has strong support in farm country.

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