Farmers Brace for Economic Hit From Coronavirus

News / In The News March 26, 2020

"This will be a wallop," reports POLITICO.

“These type of black swan events, you can’t anticipate it,” said John Newton, chief economist for the American Farm Bureau Federation. “It’s a shock to the global economy. We will rebound and recover — it’s just a matter of how long’s the drag on this.”

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A new program from the Department of Agriculture will help cover losses stemming from natural disasters in 2020 and 2021. Micheal Clements tells us more about the program.

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Last week, the Bureau of Labor Statistics announced that April’s consumer prices were up 8.3 percent from a year earlier. Micheal Clements shares more on the impacts of inflation and the steps to turn the tide.

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