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Thursday, February 07, 2019

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.

5 comments:

Anonymous said...

Machinery prices are outrageous that's the main cause,there must be a way to get it under control.

Anonymous said...

Great news for Monsanto (My Satan) and Archer-Daniels Midland

Anonymous said...

I don't understand what the good news is, please explain 6:22

Anonymous said...

They will buy up the farm land for cheap.
Been doing it for years

Anonymous said...

Developers probably will too and ruin the rural areas like they have around Salisbury