Farmers warn of crisis as 50% expect agricultural collapse - here's what traders need to know
Key Points
- Nearly 50% of American farmers anticipate a significant agri...
Half of America's farmers think we're about to witness an agricultural meltdown that would make 2008 look like a minor hiccup. According to a fresh National Corn Growers Association survey, nearly 50% of farmers believe we're staring down the barrel of a significant agricultural downturn, while two-thirds are more worried about their finances than they were just 12 months ago.
The math is brutally simple: crop prices are falling while production costs remain sky-high. Farmers are now postponing equipment purchases, cutting back on fertilizer, and picking up side gigs faster than gig economy w...
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