By Corinna Barnard
Three scholars look at what can be done for U.S. farms, where bankruptcies were already at a 10-year high before the floods this past spring.
These are difficult times in farm country. Historic spring rains – 600 percent above average in some places – inundated fields and homes. The U.S. Department of Agriculture predicts that this year’s corn and soybean crops will be the smallest in four years, due partly to delayed planting.
Even before the floods, farm bankruptcies were already at a 10-year high. In 2018 less than half of U.S. growers made any income from their farms, and median farm income dipped to negative $1,553 – that is, a net loss.
At the same time, the Intergovernmental Panel on Climate Change estimates that about 12 years remain to rein in global greenhouse gas emissions enough to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Beyond this…