Bleak outlook for US farmers – and Trump tariffs could make it worse

Many US midwestern grain farmers will lose money this year after reaping a bumper crop, and the outlook for their future income is bleak. US farmers harvested some of the largest corn and soybean crops in history this year. Big harvests traditionally weigh on crop prices because of plentiful supply. And those price pressures comes at a time when costs remain persistently high to grow corn and soybeans, the US's most valuable crops. That double whammy is hurting farmers. Income will vary per farmer and per state, yet even for producers in top agricultural states such as Illinois, losses could…