Current conditions are sending ripples through the ag economy.
MSN found when harvest is complete this year, nearly 150,000 farms will close. Looking back to the 1950s, more than 60 percent of all U.S. farms have stopped producing, with the number of acres dropping by more than 320 million.
Leaders at American Farmers and Ranchers say everytime the ag economy hits one of these cycles, more family farms begin to disappear.
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“The clean-up process is going to be a very, very long time. It’s not going to take months; it’s going to take probably years, if not longer than that.”
“We absolutely expect to see more of these proposals similar to this or other types of action on this topic in this session and upcoming ones as well.”
