The chair of the U.S. Senate's agriculture committee warns that farmers are suffering heavy losses, while more than two dozen former industry leaders are sounding the alarm about the risk of a "widespread collapse of American agriculture" ahead of a $12 billion government bailout expected to reach growers this month. The percentage of farmers expecting bad financial times in the next year jumped to 59% in January from 47% in December, according to a survey released Tuesday by Purdue University and CME Group. The percentage of producers who thought U.S. agriculture would have widespread bad times during the next five years climbed to 46% from 24% a month earlier, the survey found.
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