g5000
Diamond Member
- Nov 26, 2011
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- #21
What the hell are you talking about, retard?Farm loan delinquencies reach highest point in 9 years as prices slump
WICHITA, Kan. — The nation's farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Donald Trump's tariffs, with a key government program showing the highest default rate in at least nine years.
Many agricultural loans come due around Jan. 1, in part to give producers enough time to sell crops and livestock and to give them more flexibility in timing interest payments for tax filing purposes.
"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.
I wonder if America's farmers are "tired of winning" Trump's idiotic trade war yet.
Probably due to the cutback in government farming subsidies. Farmers shouldn't be allowed to be a "welfare class." They should be able to succeed or fail on their own.
Trump gave the farmers MOAR money to bail them out of his destructive trade war: A $12 Billion Program to Help Farmers Stung by Trump’s Trade War Has Aided Few
And they are STILL suffering the highest delinquencies in 9 years.