Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels

IMG Auteur
Published : November 28th, 2018
392 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Gold and Silver

We are amidst a food crisis.  Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate.  And many are saying president Donald Trump’s trade war is taking the most blame.

We hate to say we told you so, but we told you so. The trade war was a bad idea and everyday average Americans are footing the bill for this asinine policy of tariffs.  Now, the food supply could be in jeopardy because of political posturing and that will not bode well for already cash-strapped American families.

A total of 84 farms in the upper Midwest filed for bankruptcy betweenJuly 2017 and June 2018, according to the Minneapolis Star Tribune. That’s more than double the number of Chapter 12 filings during the same period in 2013 and 2014 in Wisconsin, Minnesota, North Dakota, South Dakota, and Montana, reported Vox.

Farms that produce corn, soybeans, milk, and beef were all suffering due to low global demand and low prices before the trade war, according to economists, but president Trump’s trade war is making the problem even worse by exacerbating the weaknesses in the American economy. China has retaliated against the tariffs by slapping billions of dollars worth of tariffs on United States agriculture exports in response to Trump’s tariffs on Chinese products. Other countries, including Canada, have also added duties to US agriculture products in response to Trump’s tariffs on all imported steel and aluminum.

The worst part is perhaps the solution the government has proposed to the very real problem they have created. Things have gotten so bad that the Trump administration launched a $12 billion aid package for US farmers coping with retaliatory tariffs that foreign countries have imposed on their products. So the government is paying farmers after stealing more money in the form of tariffs they were paid.  There is no such thing as a free market anymore.  In September, the government cut $25 million worth of bailout checks to the agriculture industry.

Only the government could create such a problem by stealing money from Americans, then give it back to those same Americans as welfare.  Even liberal rags are beginning to understand that taxation is theft thanks to Trump’s tariffs. “We’re just waiting for a turnaround,” one Minnesota banker told the Star Tribune. “We’re waiting for the tariff problem to go away.”

Source : www.shtfplan.com
<< Previous article
Rate : Average note :5 (2 votes)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Battle Royale
22 JanJ.-1
"Boundless rage", does seem to be a characteristic of the collectivist Left.
Coming Attractions
22 JanJ.0
You are correct, history does recycle. And it has been long enough that all those who remember first hand what the last cycle of collectivist revo...
Ecological Armageddon: “We Are Destroying Our Life Support Systems!”
19 Jankevthorne
In further support of the article's conclusions, I recommend this treatise written by Jeremy Grantham, a chief investment strategist: "The original...
Beware the "ZeroHedge Trap"
16 Janjohngaltfla@yahoo.com
Nicely done and very well written. The doom is coming but this asteroid misses Planet Earth in Q1. However, I think we are in for a substantially r...
Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
15 Janallstarchuck
If investors included safe-haven assets in their portfolios possibly mistaking them for a hedge, they would potentially inflate their prices in nor...
Top Ten Trends Lead to Gold
14 JanAriana33
This is a good article, and I can agree with many points. I've been investing in gold, particularly the American Gold Eagles for quite some years n...
The Black Swan So Ugly No One Will Talk About It
14 JanS W.
A black swan is a highly improbable event. Obviously the author of the article does not understand that.
Fed’s Balance Sheet Reduction Reaches $402 Billion
07 JanRocco
Every time the FED speaks, gold skyrockets. Just buying some gold every time before the FED makes an announcement and then selling for a quick prof...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS