Source: Jessie Higgins, UPI, 9/30/19

As the trade war with China drags on, many of America's farms are going bankrupt. The number of farmers falling behind on loans and filing for bankruptcy has jumped since the trade dispute began in spring 2018, according to industry statistics. And farms of all types and sizes continue going out of business. "Many farmers and ranchers are reaching their breaking point," said Matt Perdue, the government relations director at the National Farmers Union. "The consensus is that this is going to lead to a lot of exits and more consolidations."

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