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‘They’re Running Out Of Options’ – Farm Bankruptcies Surge to 10-Year High as Trade War Bites

GRAPHIC: via ZeroHedge

By Tyler Durden | 2 February 2019

ZERO HEDGE — The Farm Belt helped cement President Trump’s historic electoral triumph over Hillary Clinton. But even before Trump started his trade war with China nearly one year ago, Trump’s protectionist bent has added to the collective woes of farmers, who were already struggling with low prices for corn, soy beans and other agricultural commodities.

China’s decision to purchase millions of soybeans (after orders ground to halt late last year following another round of tariffs) offered some relief to soybean producers who were teetering on the brink even with President Trump’s farm bailout money in hand. But even if negotiations result in a lasting agreement, it might not be enough to save hundreds of American family farms from collapsing into bankruptcy, as the Wall Street Journal pointed out in a story published Wednesday.

According to a WSJ analysis of federal data, the number of farmers filing for bankruptcy has climbed to its highest level in a decade[…]

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