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Wisconsin leads the nation in farm bankruptcies

Wisconsin (WQOW) – The ongoing trade wars continue to take a bite out of the bottom line for farmers across the country and a new report finds Wisconsin is suffering the most.

According to Wells-Fargo, Wisconsin farms have suffered the most bankruptcies and dairy losses from trade wars.

There were 45 Chapter 12 filings between July 2018 and June of this year.

The next closest state, Kansas, had 39.

Wells Fargo also notes U.S. dairy exports are down more than 8 percent as compared to last year.

Senator Tammy Baldwin (D-Wisconsin) said President Trump can help farmers by putting an end to the trade war.

“We have cheese in warehouses that don’t have export markets. That could change yesterday, today or tomorrow. So, I call on the Trump administration to stop the trade wars,” Baldwin said.

The White House said farmers will get a boost from the U.S., Mexico, Canada Trade Agreement which they say would increase American farmers’ access to the Canadian market.

The White House hopes to initiate a vote on the USMCA in September.

Stephen Kelley

Stephen Kelley joined the News 18 team in August 2006. He is currently the Executive Producer.

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