The agriculture industry in the United States is deeply broken. Farmers are the foundation of it all, but they are being financially squeezed from every direction. They are being squeezed by the giant monopolies that control the seeds, fertilizer and machinery that they need. And they are also being squeezed by the giant monopolies that purchase most of what they produce. Meanwhile, demand from overseas has dried up thanks to the global trade war. U.S. farmers really are facing a “perfect storm”, and as a result most farms are losing money and bankruptcies are surging.

The post U.S. Farmers Are Facing The Worst Economic Downturn In At Least 50 Years was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.