Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels

 

 

 

By Mac Slavo

We are amidst a food crisis.  Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate.  And many are saying president Donald Trump’s trade war is taking the most blame.

We hate to say we told you so, but we told you so. The trade war was a bad idea and everyday average Americans are footing the bill for this asinine policy of tariffs.  Now, the food supply could be in jeopardy because of political posturing and that will not bode well for already cash-strapped American families.

A total of 84 farms in the upper Midwest filed for bankruptcy between July 2017 and June 2018, according to the Minneapolis Star Tribune. That’s more than double the number of Chapter 12 filings during the same period in 2013 and 2014 in Wisconsin, Minnesota, North Dakota, South Dakota, and Montana, reported Vox.

Farms that produce corn, soybeans, milk, and beef were all suffering due to low global demand and low prices before the trade war, according to economists, but president Trump’s trade war is making the problem even worse by exacerbating the weaknesses in the American economy. China has retaliated against the tariffs by slapping billions of dollars worth of tariffs on United States agriculture exports in response to Trump’s tariffs on Chinese products. Other countries, including Canada, have also added duties to US agriculture products in response to Trump’s tariffs on all imported steel and aluminum.

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Marti Oakley (c)copyright 2010 All Rights Reserved  

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“We are being set up, as a nation. A food crisis is about to hit this country as our strategic grain reserve sits empty, as no commodities surpluses have been stockpiled and as absolutely every agricultural product is targeted for exporting to the highest bidder.  It has taken many years, through various administrations and successive congresses to manipulate us into this position.  It doesn’t take much to see that we will be most likely starved into accepting the World Government. ”