Farmers worry that China tariffs will impact their income

Breakdown

• China has resumed purchasing U.S. agricultural goods, but only at about half the usual volume, leaving farmers with continued losses from the trade war. 21s
• A University of Missouri report predicts a 24% decrease in farm income for Iowa next year, primarily due to reduced federal subsidies and aid. 1m 27s
• Farmers are still waiting for a new farm bill and federal allocations, increasing uncertainty and the risk of farm bankruptcies in the Midwest. 2m 3s
• Longstanding family farms face the threat of closure, and new farmers are at even greater risk due to higher startup costs and lack of land ownership. 2m 39s