U.S. farm bankruptcies hit an eight-year high: court data

[Roland99]

https://mobile.reuters.com/article/amp/idUSKBN1ZT2YE

CHICAGO (Reuters) - U.S. farm bankruptcy rates jumped 20% in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.

...

The increase in cases had been somewhat expected, bankruptcy experts and agricultural economists said, as farmers face trade battles, ever-mounting farm debt, prolonged low commodity prices, volatile weather patterns and a fatal pig disease that has decimated China's herd.

Even billions of dollars spent over the past two years in government agricultural assistance has not stemmed the bleeding.

Nearly one-third of projected U.S. net farm income in 2019 came from government aid and taxpayer-subsidized commodity insurance payments, according to the U.S. Department of Agriculture.

It’s really because we want to kill their cows

Link to tweet

[Yo_Mama_Been_Loggin]

1. Tired of winning yet?

[Coventina]

2. But, they will vote for him again.... n/t

[Hortensis]

3. Tragedies almost every one, and probably between

a quarter and a third of the victims are liberal voters.