Farming

Amy Klobuchar unveils policy to support American farmers

Sen. Amy Klobuchar. Photo: Drew Angerer/Getty Images

While visiting Iowa on Saturday, Minnesota Sen. Amy Klobuchar released a farming-focused plan as part of her 2020 body of policy that includes raising the debt cap on farm bankruptcies and increasing access to federal loan programs.

By the numbers: The presidential hopeful's priorities for farmers include raising the liability cap from $4.2 million to $10 million, giving more farmers flexibility to seek relief, especially during hiccups in the economy.

Companies are battling with Mother Nature

In this illustration, lightning from a storm cloud mimics a stock market downward line.
Illustration: Aïda Amer/Axios

Already facing the uncertainty and increased costs of the trade war and a looming end of the business cycle, American companies are finding they now have a new foe to fight: prolonged, and in some cases unanticipated, extreme weather conditions.

Why it matters: The conditions have been awful for farmers, and the agriculture and commodities markets, and now companies ranging from retail to industrials are highlighting weather-related struggles weighing on sales and revenue.