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The Next American Farm Bust Is Upon Us

Feb 10, 2017

Posted on 2/8/2017 by Jesse Newman and Patrick McGroarty on The Wall Street Journal

RANSOM, Kan.—The Farm Belt is hurtling toward a milestone: Soon there will be fewer than two million farms in America for the first time since pioneers moved westward after the Louisiana Purchase.

Across the heartland, a multiyear slump in prices for corn, wheat and other farm commodities brought on by a glut of grain world-wide is pushing many farmers further into debt. Some are shutting down, raising concerns that the next few…

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