Tag: farm income

a red barn surrounded by corn fields in Iowa with a machine harvesting corn.

Farmers caught in Trump’s trade war wait for bailout. But many call it a temporary fix

The Trump administration is promising billions in a bailout for farmers. This harvest season the trade war with China has added to the farm economy’s woes, as producers deal with lower crop prices and high costs.

A combine unloads hundreds of bushels of corn into a grain cart on a farm near Greenfield, Illinois, last September. Agriculture lending is up as farm incomes have dropped.

Farmers are taking on more debt. Some worry more financial stress could be ahead

Farmers continued to take on more debt through the first quarter of 2025, prolonging a trend from last year. That’s as farm incomes have shrunk over the last couple of years, and some worry President Trump’s tariffs could make economic conditions tougher.