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Doug Sombke
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Doug Sombke

Farmer's Union president blasts political leaders over farm, U.S. debt


Jerry Oster, WNAX - August 11, 2020

HURON, SD - Farm bankruptcies in the United States have risen eight percent between June of 2019 and June of 2020 with a total of 580 reported. That’s very concerning to South Dakota Farmers Union President Doug Sombke.

“We’ve known for several years this was coming. The filing of Chapter 12 bankruptcies has gotten out of hand. Even with the record $33 billion of payments we’re paying farmers this year alone, we’re still seeing a rise in bankruptcies – a third higher than last year.”

He says while farmers and ranchers are suffering, the entire U.S. economy is in real trouble.

“Our economy is in deep trouble.  People better start waking up and paying attention. And by people,  I’m talking about the leaders of this nation.  We can’t continue to go down this road. We’ve got ourselves into so much debt – not only as farmers but as a country.”

Sombke says it’s not just crop farmers hurting but livestock producers are also facing steep losses that don’t seem to be ending.

“Just in the hog business alone and the dairy guys. It’s crazy the amount of money we’ve thrown in it, yet we’re still filing bankruptcies.

The Midwest, Northwest, and Southeast are the regions hit the hardest by bankruptcies accounting for 80 percent of the total U.S. filings. Wisconsin leads the way with 69 filings, Nebraska is second with 38 and Minnesota and Georgia are the next highest tied with 34 each.



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