Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Photo: Aaron Ontiveroz/MediaNews Group/The Denver Post via Getty Images
Low crop prices and President Trump's tariffs' impact on export markets are hurting U.S. farming. The number of farmers defaulting on Agriculture Department’s Farm Service Agency loans has reached a nine-year high, the Associated Press reported Wednesday night.
The big picture: The Department of Agriculture has disbursed $7.7 billion in aid to farmers in an attempt to reduce the negative effects of retaliatory tariffs stemming from Trump's trade war. January figures delayed by the federal government shutdown show 19.4 percent of FSA direct loans were delinquent, compared to 16.5 percent for January 2018, Kansas-based Farm Service Agency executive director David Schemm told the AP.
Go deeper: Grading the impact of Trump's China tariffs