Farm debt is expected to reach $560 billion this yearβa record high.
But it's not just because of the trade war with China.
Farmers told us it's because a handful of corporations have taken control of their markets to ensure they always win, and farmers barely break even.
Correction:
4:28 Bayer and Monsanto did not merge in 2015 during the Obama administration. The companies reached a deal for Bayer to acquire Monsanto in September 2016. The merger was approved by the first Trump administration in May 2018.
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More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. Hereβs what that means: We report on the real struggles and challenges of the working class from a working-class perspective. We attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power. And we seek to hold accountable the ultra-rich who have too much power over Americaβs political and economic systems.
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