Tariff policies exacerbate U.S. agricultural difficulties, and the risk of bankruptcy of U.S. agricultural producers has increased sharply

ChainCatcher News, according to a report by the British newspaper The Guardian, the chaotic tariff policy of the US government is harming American agricultural producers, and a large number of American agricultural producers may face financial bankruptcy in the future.

Data from the American Farm Bureau Federation shows that the number of farm bankruptcies in the United States is expected to increase by 55% by 2024, while the cash flow of many farms has been deteriorating in recent years. The US National Public Radio recently reported that due to high production costs and borrowing costs, the default rate on loans for American agricultural producers has been high, and the tariff policy may result in American agricultural producers permanently losing a portion of the international market, putting American agriculture in a difficult situation.