Farm Belt Bankruptcies Are Soaring Across the Midwest
The amount of debt at midwest farms is soaring and farmers are declaring bankruptcy because of trade uneasiness and low prices.
The Wall Street Journal reported Wednesday that Chapter 12 bankruptcy protection filings are on the rise — increasing to levels that have not been seen in at least 10 years.
Contributing factors include low commodity prices and the ongoing trade dispute with China that has resulted in each country placing tariffs on each other's goods.
Machinery prices are outrageous that's the main cause,there must be a way to get it under control.
ReplyDeleteGreat news for Monsanto (My Satan) and Archer-Daniels Midland
ReplyDeleteI don't understand what the good news is, please explain 6:22
ReplyDeleteThey will buy up the farm land for cheap.
ReplyDeleteBeen doing it for years
Developers probably will too and ruin the rural areas like they have around Salisbury
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