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Farm Loan Delinquencies in Wisconsin Have Doubled Since Trump Took Office.

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Seriously late Payments on farm loans in Wisconsin, a state the we desperately need to wrench out of Trump’s column next year, have more than doubled since Mango Mussolini took office in 2017:

U.S. News and World Report

“Farm loan delinquencies rose to a record high in June at Wisconsin's community banks, data showed on Thursday, a sign President Donald Trump's trade conflicts with China and other countries are hitting farmers hard in a state that could be crucial for his chances of re-election in 2020.

The share of farm loans that are long past-due rose to 2.9% at community banks in Wisconsin as of June 30, the highest rate in comparable records that go back to 2001, according to a Reuters analysis of loan delinquency data published by the Federal Deposit Insurance Corporation.

While the number of seriously delinquent farm loans is rising nationwide, the noncurrent rate has more than doubled at Wisconsin's community banks since Trump took office in January 2017. It now stands higher than in any other of the top 10 U.S. farm states as measured in production - a list that includes California, Iowa and Texas.”

Exacerbating the problem is the fact that payments to farmer suffering from Trump’s stupid trade war was skew towards soybean farmers — who are more prevalent in Iowa and Illinois.

“Wisconsin's farmers also received smaller federal aid payments than those of Iowa or Illinois, other major agricultural states hit by foreign tariffs, during a first round of federal trade aid payments meant to ease the economic pain of the trade wars, according to an analysis by the Farm Bureau of federal government data on payments through mid-May.

That bailout package focused on helping producers of soybeans, a crop that is grown on more acres in Illinois and Iowa than in Wisconsin. The government started taking applications for a second round of farm-related trade aid in July.”

 If Democrats can’t make hay with this, our problems are bigger than personalities and policy.

The entire article is most informative.


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