Farm debt is expected to reach $560 billion this year—a record high.
But it’s not just because of the trade war with China. Farmers told us it’s because a handful of corporations have taken control of their markets to ensure they always win, and farmers barely break even.
Correction: 4:28 Bayer and Monsanto did not merge in 2015 during the Obama administration. The companies reached a deal for Bayer to acquire Monsanto in September 2016. The merger was approved by the first Trump administration in May 2018.
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