Record Number Of Bankruptcies Filed For Farmers - GoFuckYourself.com

Bladewire · 02-13-2019, 10:58 AM

Yet another economic collapse indicator

"Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008"

Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies

Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data.

And farmers aren’t hopeful about this year.

Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.

Farmers are being battered by sinking commodity prices — and stiff tariffs from China and Mexico in retaliation for Trump’s tariffs on imports.

The new 11-nation Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) treaty last year slashed tariffs — but not for U.S. farmers since the Trump administration pulled out of negotiations. That drove customers to farmers and ranchers in competitive countries, like Australia, serving another dunning blow to American operations.

Farmers fear it will take years to rebuild those trading relationships.

According to figures from the U.S. Agriculture Department, farm income last year was about 50 percent of what it was in 2013, the Wisconsin State Farmer reported.

The dairy industry was hopeful about meeting growing demand in China, but now trade is a major stumbling block. “The problem is that both nations have stubborn leaders,” Mark Stephenson, director of dairy policy analysis at the University of Wisconsin at Madison, said at an agricultural forum last week in Madison.

Soybeans were also a major victim. “Agriculture prices live and die by exports. In all commodities, we’re heavily dependent on China, especially for soybeans,” Kevin Bernhardt, agribusiness professor at the University of Wisconsin in Platteville, told the Milwaukee Independent.

Government subsidies to farmers were up 18 percent last year over the previous year, due to the $4.7 billion in tariff aid and $1.6 billion in disaster payments for farmers impacted by hurricanes, floods and other disasters. But it wasn’t enough to stave off the end for some.

onwebcam · 02-13-2019, 11:00 AM

You already posted this Costume Queen/Deranged Shill

Bladewire · 02-13-2019, 11:21 AM

Bladewire · 02-14-2019, 03:58 PM

Midwest farmers going broke at record rates thanks to Trump's trade war

Bankruptcies in courts that cover the largest farm states in the country were nearly double in 2018 what they were in 2008, The Wall Street Journal reports.

Diomed · 02-14-2019, 04:18 PM

This post is sponsored by Bladewire Media "Astroturfers for Hire".

Rochard · 02-14-2019, 04:20 PM

Retail is crashing too.

https://www.cnbc.com/2019/02/14/reta...n-warning.html

This is because our president is busy talking about how great he is and isn't spending any time doing his job.

Diomed · 02-14-2019, 04:20 PM

Quote:

Originally Posted by Rochard

Retail is crashing too.

https://www.cnbc.com/2019/02/14/reta...n-warning.html

This is because our president is busy talking about how great he is and isn't spending any time doing his job.

#rocharddoesntunderstand

King Mark · 02-14-2019, 04:21 PM

yuge #MAGA

Bigly #MAGA

Believe me...

Rochard · 02-14-2019, 04:25 PM

This message is hidden because Diomed is on your ignore list.

2MuchMark · 02-14-2019, 05:21 PM

Bladewire · 02-14-2019, 05:32 PM

Quote:

Originally Posted by Rochard

Retail is crashing too.

https://www.cnbc.com/2019/02/14/reta...n-warning.html

This is because our president is busy talking about how great he is and isn't spending any time doing his job.

Retail is at 2010 levels

Car loan delinquencies are at 2010 levels

Farmer bankruptcies are at 2008 levels

And Trump supporters say everything is fine.

And now millions are getting fucked on their taxes which will fuck over retail sales and people paying their debts down.

crockett · 02-14-2019, 05:36 PM

Quote:

Originally Posted by Diomed

This post is sponsored by Bladewire Media "Astroturfers for Hire".

His post is sponsored by reality, a place you do not know exists. Everyone with a actual brain told you mental midgets this was going to happen..

Rochard · 02-14-2019, 06:03 PM

Payless Shoes just announced they are closing all 2500 stores. #winning.

Bladewire · 03-08-2019, 08:14 AM

Quote:

Originally Posted by Rochard

Payless Shoes just announced they are closing all 2500 stores. #winning.

The GM plant closed yesterday. The one Trump said was going to bring in 20,000 new jobds last year.

RedFred · 03-08-2019, 08:20 AM

Family Dollar is closing almost 400 stores.

https://www.vox.com/the-goods/2019/3...stores-closing

OneHungLo · 03-08-2019, 08:40 AM

Retail is down because of Trump? We do have some of the best economists here don't we?

Bladewire · 03-08-2019, 10:30 AM

Quote:

Originally Posted by RedFred

Family Dollar is closing almost 400 stores.

https://www.vox.com/the-goods/2019/3...stores-closing

Damn that's not good

Bladewire · 03-08-2019, 11:17 AM

Quote:

Originally Posted by crockett

His post is sponsored by reality, a place you do not know exists. Everyone with a actual brain told you mental midgets this was going to happen..

crockett · 03-08-2019, 06:04 PM

Quote:

Originally Posted by Diomed

This post is sponsored by Bladewire Media "Astroturfers for Hire".

Your excmaking sponsored by morons inc.

TheSquealer · 03-08-2019, 06:27 PM

March 2019, Dept of Labor.

Facts.

Bladewire · 03-08-2019, 06:36 PM

Quote:

Originally Posted by crockett

Your excmaking sponsored by morons inc.

02-13-2019, 10:58 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Record Number Of Bankruptcies Filed For Farmers Yet another economic collapse indicator "Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008" Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data. And farmers aren’t hopeful about this year. Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals. Farmers are being battered by sinking commodity prices — and stiff tariffs from China and Mexico in retaliation for Trump’s tariffs on imports. The new 11-nation Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) treaty last year slashed tariffs — but not for U.S. farmers since the Trump administration pulled out of negotiations. That drove customers to farmers and ranchers in competitive countries, like Australia, serving another dunning blow to American operations. Farmers fear it will take years to rebuild those trading relationships. According to figures from the U.S. Agriculture Department, farm income last year was about 50 percent of what it was in 2013, the Wisconsin State Farmer reported. The dairy industry was hopeful about meeting growing demand in China, but now trade is a major stumbling block. “The problem is that both nations have stubborn leaders,” Mark Stephenson, director of dairy policy analysis at the University of Wisconsin at Madison, said at an agricultural forum last week in Madison. Soybeans were also a major victim. “Agriculture prices live and die by exports. In all commodities, we’re heavily dependent on China, especially for soybeans,” Kevin Bernhardt, agribusiness professor at the University of Wisconsin in Platteville, told the Milwaukee Independent. Government subsidies to farmers were up 18 percent last year over the previous year, due to the $4.7 billion in tariff aid and $1.6 billion in disaster payments for farmers impacted by hurricanes, floods and other disasters. But it wasn’t enough to stave off the end for some.

02-13-2019, 11:00 AM	#2
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02-13-2019, 11:21 AM	#3
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	__________________ Skype: CallTomNow

02-14-2019, 04:18 PM	#5
Diomed Converting like it's 1999 Industry Role: Join Date: Jan 2009 Location: The South Posts: 6,165	This post is sponsored by Bladewire Media "Astroturfers for Hire". __________________ 10 years of experience in: CHAT SALES - PAID TRAFFIC - CONVERSION - CREATIVES - CONSULTATION

02-14-2019, 04:20 PM	#6
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,774	Retail is crashing too. https://www.cnbc.com/2019/02/14/reta...n-warning.html This is because our president is busy talking about how great he is and isn't spending any time doing his job. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

02-14-2019, 03:58 PM	#4
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Midwest farmers going broke at record rates thanks to Trump's trade war Bankruptcies in courts that cover the largest farm states in the country were nearly double in 2018 what they were in 2008, The Wall Street Journal reports.

02-14-2019, 04:21 PM	#8
King Mark So Fucking Banned Industry Role: Join Date: Aug 2016 Posts: 27,033	yuge #MAGA Bigly #MAGA Believe me...

02-14-2019, 04:25 PM	#9
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,774	This message is hidden because Diomed is on your ignore list. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

02-14-2019, 05:21 PM	#10
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,529

02-14-2019, 06:03 PM	#13
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,774	Payless Shoes just announced they are closing all 2500 stores. #winning. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

03-08-2019, 08:20 AM	#15
RedFred Confirmed User Industry Role: Join Date: Feb 2016 Posts: 9,782	Family Dollar is closing almost 400 stores. https://www.vox.com/the-goods/2019/3...stores-closing

03-08-2019, 08:40 AM	#16
OneHungLo So Fucking Banned Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 40,910	Retail is down because of Trump? We do have some of the best economists here don't we?

03-08-2019, 06:27 PM	#20
TheSquealer BANNED Industry Role: Join Date: Oct 2004 Location: In Your Head Posts: 25,070	March 2019, Dept of Labor. Facts. __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard