farm economy

Higher costs and lower prices are squeezing farmers out of profitability. That's led many to file for bankruptcy as a last resort to find aid.

Farm aid promised last December is still months away from being paid out to fruit and vegetable growers. But industry groups say it won't be enough to get them through tough market conditions.

The U.S. Department of Agriculture plans to send "bridge" payments to farmers who grow soybeans, cotton and other crops before March. Commodity groups and economists say the aid brings relief to farmers and their lenders, but they need long-term solutions.

Farmers across the central U.S. have navigated a myriad of challenges this year, including low crop prices and federal funding cuts.

The U.S. agricultural industry depends on undocumented immigrants, but President Trump's immigration crackdown is further depleting an already tight workforce. The labor crisis may be setting the stage for big changes to a federal program that allows foreign workers into the country legally.

Some Midwestern soybean farmers are selling their beans to be crushed and turned into soybean meal and oil. But economists say domestic processing won't be enough to offset the drop in Chinese demand.

The government shutdown stops USDA from administering farm subsidies, raising the specter of growing farm foreclosures. It also delays a bailout President Trump had promised for farmers impacted by tariffs.

The U.S. Department of Agriculture is expecting a strong corn and soybean harvest this year. But low crop prices, high input costs and international trade uncertainty could hurt farmers.

The massive legislation extends tax cuts and increases safety nets for farmers who grow commodities, like corn, wheat and rice. But deep cuts to federal food assistance spending could hurt specialty growers who benefit from programs like Double Up Food Bucks.

Lawmakers also continued funding for a farmer suicide prevention hotline.