Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

workinclasszero

(28,270 posts)
Wed Nov 28, 2018, 08:19 AM Nov 2018

Farm bankruptcies surpass Great Recession levels in upper Midwest

Michael Sykes 16 hours ago

An analysis by the Federal Reserve Bank of Minneapolis found that 84 farm operations in the upper Midwest filed for Chapter 12 bankruptcy from June 2017 to June 2018.

Agriculture commodity prices have flatlined over the last year — with prices freezing on soybeans, milk, corn and beef. Farmers have also been hampered by President Trump's retaliatory tariffs on China, which particularly dampened foreign demand for U.S. soybeans.

https://www.axios.com/trump-trade-war-farmers-upper-midwest-bankruptcy-88d4b7bf-1fb5-4316-a19a-c7cd4a48707e.html
54 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Farm bankruptcies surpass Great Recession levels in upper Midwest (Original Post) workinclasszero Nov 2018 OP
As an Iowan and the grandson and nephew of farmers. Itchinjim Nov 2018 #1
I guess their racism/stick it to the libs/Hillary hate won out over their need to make a living workinclasszero Nov 2018 #2
My grandfather and uncles were solid blue Democrats thanks to FDR. Itchinjim Nov 2018 #5
Town Repub outnumber farmers. Farmers are 3% of vote. 97% in Rural Town Repubs barbiegeek Nov 2018 #13
Democratic Iowa Farmer here- stop the name calling. We risk injury & hurt business barbiegeek Nov 2018 #12
I'll try to convince my late grandfather and uncles stop calling you names Itchinjim Nov 2018 #18
What crops does your farm grow? Blue_true Nov 2018 #43
Sorry, but in my book Republicans are not a protected group. They are traitors and/or dupes. McCamy Taylor Nov 2018 #50
Yet most of them still don't blame him. nt tblue37 Nov 2018 #42
Apologize -Democratic Farmer here. Most farmers vote Rep cuz of Grain Embargo Carter did AND barbiegeek Nov 2018 #9
not my job to woo you Hermit-The-Prog Nov 2018 #16
I vote, I am team leader & Causus Recorder& a delegate all for Dems for 30 years barbiegeek Nov 2018 #22
If you're a Democratic farmer and you dont vote because your feelings have been hurt, Itchinjim Nov 2018 #17
30 yrs as Dem voter, Delegate to conventions, Team leader, Causus leader & register to vote & barbiegeek Nov 2018 #24
If you ain't a dumb fuck, don't take it personally.... Adrahil Nov 2018 #20
They get it. It's why they stayed home in midterms but Farmers only 3% of vote. It's Town voters barbiegeek Nov 2018 #23
You mean rural towns? Yeah, I see that here as well. NT Adrahil Nov 2018 #25
Labor did the same thing with Reagan over carter still_one Nov 2018 #28
It was the culmination of the Southern Strategy... Adrahil Nov 2018 #32
yes it was cumulative, but labor was upset because Carter deregulated the airline industry, and in still_one Nov 2018 #33
Yup. Locally, the white "proud union" workers are supporting Trump. Adrahil Nov 2018 #35
Based on the midterms, I believe for the time being they know they have been deceived by Trump and still_one Nov 2018 #37
"But keep lumping us all together is WHY the Dem farmers stay home." Well, then, the Squinch Nov 2018 #29
I love this! betsuni Nov 2018 #36
I never heard of Centurion farm and looked it up. Kali Nov 2018 #53
True, but doesn't tell the whole story Algernon Moncrieff Nov 2018 #3
Thanks. That last: let's hope it gets better. Hortensis Nov 2018 #4
So they take the 12 billion in bailouts and still claim bankruptcy? allgood33 Nov 2018 #6
The $12 billion bribe is pretty much stuck in the starting gate . . . hatrack Nov 2018 #10
The $12 billion republican bribe to farmers was FAKE sucker bait from the gitgo Achilleaze Nov 2018 #47
The bailout goes to large Corp farmers not small operations barbiegeek Nov 2018 #15
You and I are of the few that see the Wellstone ruled Nov 2018 #40
+1 Hassler Nov 2018 #54
12 billion.. HAH! Scoopster Nov 2018 #26
And Chuck Grassley - he gets a check! rurallib Nov 2018 #27
But ... but ... there's MAGA !!! uponit7771 Nov 2018 #7
well as they go from farming to food stams...same government agency? dembotoz Nov 2018 #8
Gee, Thanks Donwald! MineralMan Nov 2018 #11
All posters read my 3 replies above before I report this thread for abuse. Stop name calling barbiegeek Nov 2018 #14
Why not "trash this thread" instead of threatening other members? Kaleva Nov 2018 #19
I kind of like edicts to "all posters." They crack me up. Squinch Nov 2018 #31
It happens. I get sick of fat-shaming. Adrahil Nov 2018 #21
Lol. Squinch Nov 2018 #30
Just trash the thread. Blue_true Nov 2018 #44
Sorry you're getting trashed. cwydro Nov 2018 #48
Not one farmer went bankrupt from 1964 to 1996 LiberalFighter Nov 2018 #34
Some of those areas still voted Republican in the midterms Thrill Nov 2018 #38
K&R Jeffersons Ghost Nov 2018 #39
Hate and resentment blind otherwise smart people. lindysalsagal Nov 2018 #41
Didn't they accept some pain in trade for putting Hillary and Dems in there place? ffr Nov 2018 #45
republicans are steadily weakening America Achilleaze Nov 2018 #46
Maybe the tariffs are on purpose and someone plans to snatch up all this real estate McCamy Taylor Nov 2018 #49
I am guessing that, just like the GM workers, they don't blame trumpelstiltskin. AJT Nov 2018 #51
Tired of winning yet? muntrv Nov 2018 #52

Itchinjim

(3,085 posts)
1. As an Iowan and the grandson and nephew of farmers.
Wed Nov 28, 2018, 08:25 AM
Nov 2018

I'd just like to say that we tried to tell you stupid fuckers. But no, you had to vote for him anyway because of MAGA or some shit like that.

 

workinclasszero

(28,270 posts)
2. I guess their racism/stick it to the libs/Hillary hate won out over their need to make a living
Wed Nov 28, 2018, 08:38 AM
Nov 2018

Now they can eat their hate for dinner. It's going to be a very bitter meal.

Imagine a US farmer voting for a man who promised them he would kill off the biggest markets for the crops they grow!

I mean

Itchinjim

(3,085 posts)
5. My grandfather and uncles were solid blue Democrats thanks to FDR.
Wed Nov 28, 2018, 09:18 AM
Nov 2018

Grandpa called his GOP voting neighbors " a bunch of damn dumb ass farmers" Some things never change.

barbiegeek

(1,140 posts)
13. Town Repub outnumber farmers. Farmers are 3% of vote. 97% in Rural Town Repubs
Wed Nov 28, 2018, 11:22 AM
Nov 2018

Iowa Dem Farmer here. Farmers will never vote Dem if you challenge their pride & intelligence by name calling

barbiegeek

(1,140 posts)
12. Democratic Iowa Farmer here- stop the name calling. We risk injury & hurt business
Wed Nov 28, 2018, 11:17 AM
Nov 2018

Sticking up for the party. We live in Rep areas fighting for our party. Guns pulled and public shunning & home break ins isn’t easy so FU GUYS.

We don’t all hate & we are not all racist

Itchinjim

(3,085 posts)
18. I'll try to convince my late grandfather and uncles stop calling you names
Wed Nov 28, 2018, 12:38 PM
Nov 2018

Did I mention they were solid blue FDR Democrats who were calling their Republican neighbors names, not their fellow Democrats?

Blue_true

(31,261 posts)
43. What crops does your farm grow?
Wed Nov 28, 2018, 08:03 PM
Nov 2018

Yeah, not a good idea to slap progressive farmers, and there are some.

McCamy Taylor

(19,240 posts)
50. Sorry, but in my book Republicans are not a protected group. They are traitors and/or dupes.
Wed Nov 28, 2018, 08:55 PM
Nov 2018

And while some people may claim to not be Republicans from a Republican controlled area, that does not lessen the crimes/stupidity of the overwhelming majority of their Republican neighbors.

Plus, there is nothing Trump supporters hate more than being told that they are suckers who backed a guy who always intended to swindle them. It makes them rethink their position in a way that nothing else can.

Anyone who is telling us "Shh. Do not say anything to make Trump supporters feel stupid or foolish" is actually doing Trump a great big favor.

barbiegeek

(1,140 posts)
9. Apologize -Democratic Farmer here. Most farmers vote Rep cuz of Grain Embargo Carter did AND
Wed Nov 28, 2018, 11:12 AM
Nov 2018

The Farm crisis triggered from it. They don’t believe FOOD should be used as a bargaining tool in politics because people need it to survive so they don’t like government in their ag business.

I am a Centurion farm family here& my family has been Democratic since 1890s.

I don’t like their bullshit reasons farmers vote Rep cuz it is usually naive BUT not all of us are dumb fuckers.

My family has held office, been Delegate for State & national primaries, team leaders, head of democratic women league, military, voter registration & poll watchers all for Democratic Party.

But keep lumping us all together is WHY the Dem farmers stay home. Either we are outnumbered by Rep where we live or call “dumb fucks” by our own party.

Hermit-The-Prog

(33,499 posts)
16. not my job to woo you
Wed Nov 28, 2018, 11:30 AM
Nov 2018

I'm in the middle of a red county in a red state. People here routinely point out how the people in my state vote against their own interests and reap the damage inflicted by GOP. I get lumped in with the dumbass GOPers around me, yet I don't whine and whimper that Dems and the DU make me "stay home". I VOTE.

If you don't like the results of those dumb farmers voting GOP since Rotten Ronnie, get out and educate them and get out and vote. Don't use Dems or DU as an excuse to stay home.

barbiegeek

(1,140 posts)
22. I vote, I am team leader & Causus Recorder& a delegate all for Dems for 30 years
Wed Nov 28, 2018, 04:27 PM
Nov 2018

I never said I didn’t vote or participated.

Itchinjim

(3,085 posts)
17. If you're a Democratic farmer and you dont vote because your feelings have been hurt,
Wed Nov 28, 2018, 12:34 PM
Nov 2018

what should I call you?

barbiegeek

(1,140 posts)
24. 30 yrs as Dem voter, Delegate to conventions, Team leader, Causus leader & register to vote &
Wed Nov 28, 2018, 04:33 PM
Nov 2018

Poll worker, certified poll watcher,

Not including the 10s of 1,000s of Donations

You can call me dedicated! Committed or say Thank you.

I was explaining other farmers reasons not mine. 🙄

 

Adrahil

(13,340 posts)
20. If you ain't a dumb fuck, don't take it personally....
Wed Nov 28, 2018, 01:09 PM
Nov 2018

Seriously... thank you for fighting the good fight.

Assume any accusation of being a dumb-fuck applies to your pro-Trump neighbors, not you.

And remind your neighbors who got mad at Carter that Hair Fuhrer is NOW using food as a political weapon. What's good for the goose.... etc.

 

Adrahil

(13,340 posts)
32. It was the culmination of the Southern Strategy...
Wed Nov 28, 2018, 05:26 PM
Nov 2018

which also soaked into pretty much all of rural America, which of course, means a big chunk of WHITE America. It's a pretty classic effort to get poor and middle class whites to identify minorities as the "undeserving poor" who were keeping them down... all the while ribbing them blind, of course.

still_one

(92,473 posts)
33. yes it was cumulative, but labor was upset because Carter deregulated the airline industry, and in
Wed Nov 28, 2018, 05:37 PM
Nov 2018

their infinite wisdom they voted for an anti-labor, union buster.

A perfect example of cutting one's nose off to spite one's face.

still_one

(92,473 posts)
37. Based on the midterms, I believe for the time being they know they have been deceived by Trump and
Wed Nov 28, 2018, 06:25 PM
Nov 2018

the republicans

Squinch

(51,059 posts)
29. "But keep lumping us all together is WHY the Dem farmers stay home." Well, then, the
Wed Nov 28, 2018, 05:20 PM
Nov 2018

Dem farmers are idiots.

I read that a lot here: apparently I have enormous influence on the voting habits of rural people. This is really very strange. Apparently, if I am sweet and nice, they will vote. If I think they are dopes, they will not vote.

I am a coastal urban person. I understand that I am not considered by the rest of the country to be "real America." I understand that people think I live in a place that is overrun with effete people and at the same time terrible gangs ( ). People assume that folks in my area are likely to run each other over in the parking lot of the hardware store because we are so uncivil and un-neighborly.

Do you know the effect that has on my voting patterns? NONE. Could I give fewer fucks? Hell NO. Don't like me? Why would I give a shit, much less change my voting habits?

So why, oh why, would the rural Dems not vote on the basis of others' opinions of them. Please. Enlighten me. What is that about?

Kali

(55,026 posts)
53. I never heard of Centurion farm and looked it up.
Wed Nov 28, 2018, 09:43 PM
Nov 2018

dang, no program in AZ. (hence why I never heard of it) I want a sign for the gate!

I might have to stir up some trouble with NRCS or somebody.

we have been here since before AZ was a state. 4 and 5th gen working this place.

Algernon Moncrieff

(5,794 posts)
3. True, but doesn't tell the whole story
Wed Nov 28, 2018, 09:13 AM
Nov 2018

The Great Recession years were mostly (not entirely) good years to be a corn farmer. Gas prices were sky high, and ethanol plants were paying top dollar for corn. High corn prices tend to raise soybean prices, because of the available acreage to grow both crops (i.e. farmers generally choose between corn or soybeans). So while the national economy was bad, the farm economy was relatively good. Fast forward: we aren't at war in Iraq, and we've proven we can economically get oil out of NoDak if oil goes north of $65 a a barrel. Corn prices have been in a funk since 2013, and have been more or less stuck in a range between $3.25 and $4.50 a bushel. Gas prices are low, and Trump's tariffs are hurting soybean exports. Further worsening the situation is the soft livestock market due to the tariffs. Lower livestock sales = less livestock breeding = lower demand for feed = lower corn & soybean sales.


What will save a lot of farmers this year as a one-time thing is that many growers have last years crop in storage because of low prices. These farmers can sell low and make it through this year. If we are still doing this next year, the pain will get a lot worse.

Hortensis

(58,785 posts)
4. Thanks. That last: let's hope it gets better.
Wed Nov 28, 2018, 09:17 AM
Nov 2018

Needless to say, bad times for farmers in general mean troubles for all. Food is basic. It's already becoming more and more and more expensive also.

 

allgood33

(1,584 posts)
6. So they take the 12 billion in bailouts and still claim bankruptcy?
Wed Nov 28, 2018, 09:22 AM
Nov 2018

Make more money than farming for two years? Bet only the wealthiest of farmers received any part of the 12 billion.

hatrack

(59,594 posts)
10. The $12 billion bribe is pretty much stuck in the starting gate . . .
Wed Nov 28, 2018, 11:15 AM
Nov 2018

America’s farmers have been shut out of foreign markets, hit with retaliatory tariffs and lost lucrative contracts in the face of President Trump’s trade war. But a $12 billion bailout program Mr. Trump created to “make it up” to farmers has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.

According to the Department of Agriculture, just $838 million has been paid out to farmers since the first $6 billion pot of money was made available in September. Another pool of up to $6 billion is expected to become available next month. The government is unlikely to offer additional money beyond the $12 billion, according to Sonny Perdue, the agriculture secretary.

The program’s limitations are beginning to test farmers’ patience. The trade war shows no signs of easing, with China and the United States locked in a stalemate that has reduced American farmers’ access to a critical market for soybeans, farm equipment and other products. Europe is planning more retaliatory tariffs on top of those already imposed on American peanut butter and orange juice, and Canada and Mexico continue to levy taxes on American goods, including on pork and cheese.

EDIT

https://www.nytimes.com/2018/11/19/us/politics/farming-trump-trade-war.html

Ed. - Payouts to date aren't even 7% of the total.

Achilleaze

(15,543 posts)
47. The $12 billion republican bribe to farmers was FAKE sucker bait from the gitgo
Wed Nov 28, 2018, 08:35 PM
Nov 2018

Under the misleadership of their draft-dodging casino hustler, the republicans will never ever never never never ever pay out all that money. That is the Trump-republican modus operandi. The republican family-values role model has a track record that stinks to high heaven. He's a cheat. He love to sucker people.

 

Wellstone ruled

(34,661 posts)
40. You and I are of the few that see the
Wed Nov 28, 2018, 06:32 PM
Nov 2018

real direction of any Crop bailout. Most of the whole Farm Program goes to the Mega operators. Congrats on the Century Farm.

The Chicago Board of Trade could care less about operators like you. They cut their Contracts with a handful of Mega operators and everyone else gets the scrapes.

It sucks dealing with backassward towns people,been in your shoes and got the threats and the slurs. But we Dems soldier on my friend.

Scoopster

(423 posts)
26. 12 billion.. HAH!
Wed Nov 28, 2018, 04:42 PM
Nov 2018

Not even a billion of those funds have even been allocated, and you have architects & bankers in NYC getting checks instead of farmers.

dembotoz

(16,864 posts)
8. well as they go from farming to food stams...same government agency?
Wed Nov 28, 2018, 09:42 AM
Nov 2018

it DOES make things cheaper for massive factory farms to buy up small operations

so farmers fucked today...rest of us fucked tomorrow

 

Adrahil

(13,340 posts)
21. It happens. I get sick of fat-shaming.
Wed Nov 28, 2018, 01:12 PM
Nov 2018

But it happens. People lash out.

Being a White, straight man, I also tend to be part of a group responsible for the nation's ills. Don;t take it personally.

We recognize that people like you are fighting the good fight. And it's good to be reminded that there are some farmers out there who are Good Guys.

Blue_true

(31,261 posts)
44. Just trash the thread.
Wed Nov 28, 2018, 08:19 PM
Nov 2018

You are in farm country and have a better vantage point about the politics than people (many in safe blue states putting you and other farmers down). My guess is people in rural towns make their living from the farm economy, if the farm economy go into the tank, rural farms likely follow.

 

cwydro

(51,308 posts)
48. Sorry you're getting trashed.
Wed Nov 28, 2018, 08:36 PM
Nov 2018

Those of us who live in the south hear it all the time. It sucks.

There are many on DU who think they’re better than everyone else and live in perfect states. Ignore them.

There’s not a state in the US that doesn’t have Rump supporters or racists. Not a one.

lindysalsagal

(20,760 posts)
41. Hate and resentment blind otherwise smart people.
Wed Nov 28, 2018, 07:00 PM
Nov 2018

This is a steep learning curve, and it won't come around without pain.

So, now, steel hates frump, auto workers hate grump, farmers hate frump....

Let's make sure they still feel like that in november 2 years from now......

ffr

(22,674 posts)
45. Didn't they accept some pain in trade for putting Hillary and Dems in there place?
Wed Nov 28, 2018, 08:24 PM
Nov 2018

They should embrace their mutual sacrifice, even brag about how they're Making America Great Again.

McCamy Taylor

(19,240 posts)
49. Maybe the tariffs are on purpose and someone plans to snatch up all this real estate
Wed Nov 28, 2018, 08:49 PM
Nov 2018

Someone like Trump who bragged about making money during the recession. Or the Saudis who love US real estate.

Latest Discussions»General Discussion»Farm bankruptcies surpass...