September 30, 2019
By Jessie Higgins

Evansville - As the trade war with China drags on, (click here) many of America's farms are going bankrupt.

The number of farmers falling behind on loans and filing for bankruptcy has jumped since the trade dispute began in spring 2018, according to industry statistics. And farms of all types and sizes continue going out of business.

"Many farmers and ranchers are reaching their breaking point," said Matt Perdue, the government relations director at the National Farmers Union. "The consensus is that this is going to lead to a lot of exits and more consolidations."

Between July 2018 and June 2019, the number of farms that filed for Chapter 12 bankruptcies (a type of bankruptcy designed to allow family farmers and family fishermen to restructure their finances) rose by 13 percent over the previous year, according to the American Farm Bureau Federation....

Livestock is frequently sold at auction. There would be records to the increase of such sales. Dairy cows are productive and may have been sold at auction.