U.S. farmers are suffering from the global tariff battle the most: this year, the average farm is expected to earn 35% less than what it earned in 2013.
According to the U.S. Department of Agriculture, farm income has been declining steadily since 2013.
Farmers are at the mercy of extreme weather like hurricanes that threaten crops to agricultural commodity prices that have fallen below breakeven production levels.
This year, prices will likely only continue to fall as America’s trading partners slap tariffs on American agricultural products.
Source: ZeroHedge
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