Farmer bankruptcies swell to decade high in Farm Belt

[Shard Shinjuku]

https://www.axios.com/farmer-bankru...est-f85721f6-4478-4e5b-b49d-7df88010d7cc.html

U.S. farmers in the Midwest are filing for bankruptcy at levels the U.S. hasn't seen for approximately a decade, the Wall Street Journal reports.

What's happening: Low commodity prices have been gouging U.S. farmers' bottom lines for years now, exacerbated by increasing agricultural competition from Russia and Brazil. President Trump's trade disputes, meanwhile, are adding salt to the wounds, as tariffs drive down prices and decrease profit for farmers.


Between the lines: Chapter 12 bankruptcy filings are still below the highs of 2010 when looking at nationwide numbers. But the Midwest is hurting, and even though the Trump administration has been rolling out federal government relief for farmers to make up for tariff damage, lawmakers from both sides of the aisle fear it is only a short-term, partial solution.

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[Pooh]

and they'll still vote for Trump so

womp womp

 

[Moist_Owlet]

world's smallest violin over here

 

[Kernel]

Bankrupting the farm to own the libs

 

[SwitchedOff]

and they'll still vote for Trump so

womp womp

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Like Turkeys voting for Christmas.

 

[Officer Big Mac]

Farmers need to loosen up and have some fun.

 

[NoRéN]

Oh no! Trump isn't hurting the right people!

 

[PeakPointMatrix]

 

[GK86]

 

[MasterYoshi]

Trump voting farmers be like

 

[Kirblar]

Trade wars are easy to win!

 

[Squarehard]

But, but, the farmers..

 

[SasaBassa]

Oprah shrug gif

Sucks for their non shitbag kids and people who voted for Dems in 2016.

Here's your stupid prize for the rest.

 

[Capra]

Starving your family to own the libs.

 

[dragonchild]

What? They got what they voted for. Bootstrap it you lazy slobs, like the way you keep telling us to do.

 

[samoscratch]

Farmers need to loosen up and have some fun.

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I approve this message.

 

[Ac30]

What? They got what they voted for. Bootstrap it you lazy slobs, like the way you keep telling us to do.

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Wish they'd cut all farm subsidies while they cut taxes just so these fucking morons would finally learn why taxes exist.

 

[Chikor]

world's smallest violin over here

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Not all of them voted for Trump, and not all of it is due to the tariffs.
I personally also don't think that every single person who voted Trump should be economically ruined, but I'm gonna guess that this is not a point I'm gonna get you to agree with.
But like, surely there is someone there who voted for Hillary, you don't feel bad for them?

 

[Deleted member 2802]

 

[qaopjlll]

I feel bad for the 10% or so of farmers who voted for Hillary.