it s definitely a deep concern. the thing about this flood is it s affecting two years. a lot of these bins are holding our 2018 crop. we haven t got delivered to town yesterday or sold. reporter: according to the american farm bureau, farm bankruptcies were up almost 20% in 2018. the highest level in more than ten years. it s something midwest farmers have been forced to consider. it s always a possibility with everybody. sell everything you own to pay what you owe and you have nothing. reporter: key to their survival is aid. president trump approved disaster relief for nebraska. he is hoping he will do the same for iowa. i don t think they will forget us. i think he knows how important that agriculture and grain farming, cattle farmer, raising hogs, it is to our country.
devastating floods. i talked to one couple that lived here for over 30 years and i asked them if they were going to rebuild and he said we have nowhere else to go, this is where we belong. dave and christine. and we know the farmers have already been hit hard by five years of the slowing farm economy and then tariffs that have hurt them. and now you have farm bankruptcies already on the rise across the midwest. but for nebraska, by one estimate, it is a million dollars a day ag is losing because of these floods. 41 past the hour. could cameras on airplane seats be recording you? two senators want to know. ear. their gps took them to places out of a storybook. and they called grandma when manny felt sad about not being able to swim. overall, they shared 176 pictures. but when the moment came, they held their breath,
season. business owners are waiting to hear how trade talks go when they meet in beijing this week. at the same time, the trade negotiators are traveling to china. the president is considering an executive order making artificial intelligence a priority in this administration. and last month the u.s. filed criminal charges against huawei for stealing trade secrets. a lot of moving parts in the u.s./china trade raep right n . relationship right now. he s threatened to increase tariffs if they don t reach a deal. if talks go well, tariffs might be lifted all al together. the white house put the highest tariffs on imports mostly used in the production of other items. the president s tariffs on foreign steel and aluminum began in march. chinese goods began in july. china s et retaliatory tariffs hurt farmers. farm bankruptcies are at the highest level in at least a
in their trade war quickly approaching. but the pain of tariffs has so far been invisible to consumers. consumer price index fell slightly in december. the duty hasn t been passed on to consumers if retailers will a absorb some of the added costs, which many did heading into the holiday season. they are waiting to hear how trade talks between u.s. and china go when they meet this week in beijing. president trump has threatened to increase the 10% tariff he placed on $200 billion of chinese goods to 25% if a deal is not reached. if talks go well, they might be lifted altogether. the administration put the highest on imports most live used in the production of other items. the president s tariffs on aluminum and steel began in march, chinese goods in july. china s retaliatory tariffs hurt farmers harder than consumers. farm bankruptcies are the
down from 55. $7 billion in october. it had been going up for five months in a row. now shrinking. the president s tariffs on chinese goods began in july. a lower deficit, that is good news for the president. but this isn t. farm bankruptcies are on the rise. the wall street journal reporting bankruptcies in three regions covering major farm states last year rose to the highest level in at least a decade. the president s trade negotiators will head to beijing next week to continue their trade talks as the clock runs down ahead of the march 1 deadline. robert lighthizer and steve mnuchin will travel for round three of negotiations. president trump has threatened to jack up existing tariffs if the two sides complaint reachar