Trump’s trade war is wrecking America’s farm economy

The pain in the fields is beginning to intensify. Farm bankruptcies in Wisconsin, Minnesota, Montana and the Dakotas have spiked in the last two years, reaching 103 in 2018, according to the Federal Reserve Bank of Minneapolis. That’s the highest level since 2010, during the post-recession hangover. “This trend has not yet seen a peak,” the Minneapolis Fed said in November.