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According to a report in Bloomberg News, farmers personal income in the United States declined by an annual $11.8 billion between January and March.  The data comes from the US Department of Commerce and shows this movement is the biggest first quarter drop in three years. 

 

According to the numbers, the drop is driven in large part by the fallout from President Trump’s trade war which has caused commodity prices to plummet and flooding in the Midwest.  The administration’s one time $12 billion subsidy plan given to farmers heart by the trade war helped stave off these numbers at the end of 2018, but has done nothing in the first quarter.   

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