Tariff policies have exacerbated the difficulties faced by American agriculture, and a large number of agricultural producers may face financial bankruptcy in the future

ChainCatcher news, according to a recent report by the British newspaper The Guardian, the chaotic tariff policies of the U.S. government are harming the interests of American agricultural producers, and a large number of agricultural producers in the U.S. may face financial bankruptcy in the future.

Data from the American Farm Bureau Federation shows that the number of farm bankruptcies in the U.S. is expected to rise by 55% in 2024 compared to the previous year, while many farms have been experiencing deteriorating cash flow in recent years. Recently, National Public Radio reported that due to high production and borrowing costs, the loan default rate among American agricultural producers has surged, and tariff policies may cause American agricultural producers to permanently lose a portion of the international market, putting U.S. agriculture in a difficult situation.