Midwestern farmers are going bankrupt at the highest rate in a decade and it all comes down to Trump’s trade wars. The Trans-Pacific Partnership treaty would have slashed tariffs for US farmers, but Trump pulled out of the treaty three days after taking office. Now, countries like Mexico and China are imposing stiff tariffs in retaliation, but it’s farmers are taking the hit.
"Agricultural prices live and die by exports," one expert said. https://t.co/YhVrIfukHo
— HuffPost (@HuffPost) February 11, 2019
2018 US farm income was about 50% less than it was in 2013, and no big improvements are expected.
“This trade war could be prolonged,” said Mark Stephenson, director of the Center for Dairy Profitability at UW-Madison, “and I don’t know if you declare a winner to be the person who comes out with the fewest bruises, but I don’t think any of them are going to come out as the winner.”
Many people don’t believe Trump is a true friend to farmers.
That anyone could ever think given this man’s history that he would be one for the “little guy“ is incredible.
Racism and bigotry are powerful tools and Trump and Republican ideology show how effective they are.
— iMoore (@imoore8904) February 11, 2019
I come from a farming community. Trump is on the verge of stealing farms that have been in families for generations. It is time for them to wake up and start fighting back before it is to late.
— deb zell (@dbzell) February 11, 2019
"The forest was shrinking but the trees kept voting for the axe because its handle was made of wood … and they thought it was one of them"
— Brandon Horan (@brandon_r_horan) February 11, 2019
“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,” wrote Mary Papenfuss of the Huffington Post.
“Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.”