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The Trump administration is promising billions in a bailout for farmers. This harvest season the trade war with China has added to the farm economy’s woes, as producers deal with lower crop prices and high costs.
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The U.S. trade war with China is coming at a tough time for American farmers, who are already dealing with lower crop prices and higher costs for farm necessities. Tariffs are likely to push crop prices further down, while increasing the costs for fertilizer and farm equipment.