Noon Newscast 11.4.19
A new report says farm bankruptcies have risen in Nebraska and Iowa.
The American Farm Bureau Federation shows Chapter 12 bankruptcies rose 24% nationwide over the previous year that ended on September 30th.
The report cited severe weather and trade disputes among the problems faced by farmers.
There were 37 farm bankruptcies in Nebraska and 24 in Iowa over those 12 months.
The highest number of farm bankruptcies was in Wisconsin, with 48. Nebraska tied for second with Georgia and Kansas.
The report cites U.S. Department of Agriculture estimates that farms will bring in $88 billion in 2019 — 29% below the record set in 2013.
Democratic Presidential candidate Pete Buttigieg is wrapping up a swing through northern Iowa today with stops in Spencer and Algona and Spencer.
Buttigieg and Massachusetts Senator Elizabeth Warren have clear momentum in Iowa.
However, other top contenders like former Vice President Joe Biden and Vermont Senator Bernie Sanders aren’t going away.
Sanders announced last week he would be holding climate change rallies in Iowa with New York Congresswoman Alexandria Ocazio Cortez later this week.
The Iowa caucuses are now less than three months away.
The Iowa Hawkeyes have moved up in this week’s AP Poll.
The team is now number 18 in the rankings.