Question
Read the article, US Farm Bankruptcies hit an eight-year high, provided in the link and answer the following questions. https://www.reuters.com/article/us-usa-farms-bankruptcy/us-farm-bankruptcies-hit-an-eight-year-high-court-data-idUSKBN1ZT2YE A - What is causing
Read the article, "US Farm Bankruptcies hit an eight-year high", provided in the link and answer the following questions. https://www.reuters.com/article/us-usa-farms-bankruptcy/us-farm-bankruptcies-hit-an-eight-year-high-court-data-idUSKBN1ZT2YE A - What is causing the recent increase in farm bankruptcies and debt restructuring? B - The article also mentions that some farmers have retired or sold farms in the face of worsening economic conditions. Explain, using the concepts of long-run equilibrium and marginal productivity, how the number of farms is adjusting to new economic conditions. C - What is the outlook for farm bankruptcies? How will COVID-19 amplify this problem? D - How can farmers protect and prepare themselves in the future to avoid the likelihood of a farm bankruptcy?
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