Record Rainfall Compounds Midwest Farming Issues

Record rains in the Midwest are compounding problems for American farmers. The weather means that a large portion of this year’s crops might not even get planted. Combine that with low prices and an ongoing trade war with China and it’s the worst time for farmers since the 1980s. That was when a glut of supply and a grain embargo against the USSR led thousands of farmers into bankruptcy. The flooding and rain have had a particularly devastating impact in Indiana, Illinois, Iowa, Ohio and Michigan, where only about 40 percent of the soybean crop has been planted so far. Typically, that number is around 80 percent this time of year.