Brazil and Russia have been filling the market with US farmers left in the cold. “Farm communities aren’t easily going to bounce back from this. Even if Trump’s trade wars end tomorrow, the debts incurred during his multiple tantrums will be hanging over farmers for years.”
Trump’s trade wars send farm loan delinquencies to 9-year high
Hunter Daily Kos staff

Elections have consequences. For farmers, the consequences of Trump’s election and subsequent trade wars continue to stack up: Delinquencies on Farm Service Agency direct loans have surged to a nine year high.
“It is beginning to become a serious situation nationwide at least in the grain crops — those that produce corn, soybeans, wheat,” said Allen Featherstone, head of the Department of Agricultural Economics at Kansas State University.
Grain farmers have been the hardest hit, with the shutdown of Chinese markets in retaliation for new Trump tariffs resulting in a glut of unsellable product. While the Trump administration has attempted to lessen the blow to the tune of billions in hastily arranged subsidies, farm bankruptcies in the Midwest are skyrocketing as prices for soybeans and other products plummet. The government shutdown hit agricultural communities especially hard as well, causing delays of both vital government reports and vital government loans.
Farm communities aren’t easily going to bounce back from this. Even if Trump’s trade wars end tomorrow, the debts incurred during his multiple tantrums will be hanging over farmers for years.
COMMENTS:
Not sure if it’s related, but China used the soybeans it purchased from the U.S. to feed livestock. Maybe there is a varietal difference in soy beans used for livestock vs. human consumers?
BTW, this is also one reason why that market is gone for good. Not only are the Chinese now purchasing soybeans from Russia and Brazil, they also started cultivating fast growing grass crops for livestock feed.
Soy bean farmers have stockpiled their crops in huge open air piles. They refused to waste time and money processing them when there is NO MARKET for them.
Late in the summer there where many film clips of this in action, showing the massive piles just outside of farm silos. It was terribly sad to see, because I knew that was the image of Farm Bankruptcies to come.
You can see it in action in this news story at about 1:10:
Elections have consequences. For farmers, the consequences of Trump’s election and subsequent trade wars continue to stack up: Delinquencies on Farm Service Agency direct loans have surged to a nine year high.
“It is beginning to become a serious situation nationwide at least in the grain crops — those that produce corn, soybeans, wheat,” said Allen Featherstone, head of the Department of Agricultural Economics at Kansas State University.
Grain farmers have been the hardest hit, with the shutdown of Chinese markets in retaliation for new Trump tariffs resulting in a glut of unsellable product. While the Trump administration has attempted to lessen the blow to the tune of billions in hastily arranged subsidies, farm bankruptcies in the Midwest are skyrocketing as prices for soybeans and other products plummet. The government shutdown hit agricultural communities especially hard as well, causing delays of both vital government reports and vital government loans.
Farm communities aren’t easily going to bounce back from this. Even if Trump’s trade wars end tomorrow, the debts incurred during his multiple tantrums will be hanging over farmers for years.
March 02 · 07:39:05 PM