How many farms won't survive a trade war? In Iowa, the question is real
Across the Iowa countryside, the prospect of a damaging trade war with China at a time of stubbornly low commodity prices has given rise to an uneasy guessing game among the state’s agricultural bankers and lenders. “The bankers are quietly talking in the corners of the room,” said Leslie Miller, vice president at Iowa State Savings Bank in Knoxville, Iowa. “We talk about those farmers we know that, if pricing doesn’t get better, aren’t going to make it.”Slumping commodity prices and low land valuations are nothing new. But last week China imposed an initial set of tariffs on U.S. [node:read-more:link]