JAMESTOWN – Last year was tough for American farmers as the U.S. Farm Bankruptcy Rate jumped 20-percent.
That’s the highest level since 2011, when the country was still recovering from the great recession. This, despite $28 billion in aid extended to farmers over the past couple of years.
According to the American Farm Bureau, 595 family farms declared chapter 12 bankruptcy.
The cause? Uncertainty in the markets spurred by trade wars and rewritten international agreements.