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US farmers face rising costs, falling crop prices, and lost markets amid Trump's trade policies and Iran war impacts.

Market News
30 Jul 2026
CNBC
View Source
Bearish
pluang ai news

US farmers, especially in Iowa, are struggling with higher input costs, low crop prices, and lost foreign buyers due to President Trump's trade wars and the ongoing Iran war. These challenges have led to financial stress, increased farm bankruptcies, and declining approval for Trump among rural voters, traditionally a Republican base. While some deregulatory measures and aid payments have helped, farmers seek more stable market conditions and clear policies. The situation poses political risks for Republicans ahead of the 2026 midterm elections as farmers question the promised 'golden age' of agriculture.

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