US Agriculture – is there a HUGE risk here?

US Agriculture – is there a HUGE risk here?

First, MorningBrew surfaced this story in my daily email

Second, Bloomberg has a good summary report, and I quote:

“The new report only captures part of a downturn that’s persisted into 2019, fueled by a trade war with China that’s limited buyers in a year with bumper crops. That’s boosted grower debt to a record $427 billion, spurring a continuing death watch on the mid-sized farm. The industry’s debt-to-income ratio is now the highest since the mid-1980s.”

Do you remember the 80’s? The start of FarmAid and John Mellencamp’s Scarecrow album? It certainly looks like there is a huge risk in the heartland of American farming, and we all depend on these folks …

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