 |
|
Even with the help of socialism from POTUS, farm
Posted on: January 31, 2020 at 09:19:52 CT
MrBlueSky MU
Posts:
48578
Member For:
20.50 yrs
Level:
User
M.O.B. Votes:
0
bankruptcies reach a 8 year high.
"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."
The bankruptcy data “signals that things have not turned around,” said John Newton, chief economist for the American Farm Bureau Federation. “We still have supply and demand uncertainty. If we see prolonged low prices, I wouldn’t expect this trend to slow down.”
https://www.reuters.com/article/us-usa-farms-bankruptcy/us-farm-bankruptcies-hit-an-eight-year-high-court-data-idUSKBN1ZT2YE
Edited by MrBlueSky at 09:21:16 on 01/31/20
"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."
The bankruptcy data “signals that things have not turned around,” said John Newton, chief economist for the American Farm Bureau Federation. “We still have supply and demand uncertainty. If we see prolonged low prices, I wouldn’t expect this trend to slow down.”
https://www.reuters.com/article/us-usa-farms-bankruptcy/us-farm-bankruptcies-hit-an-eight-year-high-court-data-idUSKBN1ZT2YE
Edited by MrBlueSky at 09:21:16 on 01/31/20
Please explain why this message is being reported.
MESSAGE THREAD
Even with the help of socialism from POTUS, farm - MrBlueSky MU - 1/31 09:19:52
-