Farm Bankruptcies Rise By 20 Percent In 2019 Amid China Trade War

The video discusses the impact of the US-China trade war on American farms, highlighting a 20% increase in farm bankruptcies in 2019. Despite $28 billion in emergency aid from the Trump administration, farm exports to China dropped significantly. President Trump announced a preliminary trade deal with China, promising increased agricultural purchases. However, the Farm Bureau's chief economist warns of ongoing economic uncertainty and low commodity prices.

What was the percentage increase in farm bankruptcies in 2019 compared to previous years?

• 10%

• 40%

• 20%

• 30%

How much emergency aid did the Trump administration provide to farmers over two years?

• $48 billion

• $38 billion

• $28 billion

• $18 billion

By how much did farm exports to China decrease in 2018?

• $41 billion

• $11 billion

• $21 billion

• $31 billion

What is the pledged increase in US agriculture purchases by China according to the preliminary trade deal?

• $22 billion

• $32 billion

• $42 billion

• $52 billion

What concern does the Farm Bureau's chief economist express despite the trade deal?

• Increasing demand for tractors

• Higher commodity prices

• Rising land prices

• Continued uncertainty in markets