U.S. Agriculture Secretary and former Georgia Gov. Sonny Perdue called farmers “some of the most resilient people” you’ll ever run into.
That resiliency, however, has been put to the test recently, as the Trump administration’s trade war with China has cut off a lucrative export market for farmers.
Bankruptcy filings have risen nearly 25% among farmers in the last year. And 40% of farm income during that time came from federal financial aid, according to the American Farm Bureau Federation.
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