Farmers have seen their incomes slashed due to factors outside of their control. However, tariffs imposed by Trump and China’s retaliation are making their situation even direr. This has led to a rise in farm bankruptcies and multiple people warning about the increased stress leading to suicides.
Farmer loan delinquencies and bankruptcies are rising across the U.S.that dove into farm loan delinquencies and bankruptcies based on Federal Deposit Insurance Corporation and U.S. court data.
Farmers are probably the first to realize that they will have lost a lot of Chinese market share to other countries or that China will start to grow more of the crops they have been importing. It has taken decades to grow the Chinese market but a significant amount will be lost in just a few years due to Trump’s tariffs and China’s retaliation. shows that Canadian shipments of wheat to China have grown over 400% in two years.
She added,"We have more commodities, more grain sitting on the ground now because we lost huge export markets. We've lost export markets that we've had for 30 years that we'll never get a chance to get back again. Farmers are hopeful to get their crops in the ground this year but really hopeful we have a place to sell it come fall.
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