Agriculture Sector Disaster: "Farmaggedon"
America's farm sector is facing a crisis due to ongoing trade wars, low commodity prices, and other factors.
According to farmer P.J. Haynie, the government shutdown has worsened the situation, which is now entering its 13th day.
"It's possible my family will shutter their operations by the spring if conditions don't improve."
Haynie's family owns 9,000 acres in Virginia and 5,000 acres of cropland in the Arkansas Delta.
The farm sector is struggling with trade wars, particularly with China, as well as foreign competition, higher input costs, and weather-related issues.
Author's summary: Farm sector faces disaster due to trade wars and shutdown.
- Trade wars with countries like China
- Low commodity prices
- Foreign competition for markets
- Higher input costs
- Weather and other factors