Two Tennessee farmers tell 60 Minutes they expect to lose nearly $800,000 this year combined, leaving them in the red, like many farmers across the country. Major row crops, including corn, soybeans, cotton, and wheat, haven’t been profitable since at least 2022. “The morale in the farming industry, not just farmers, is the lowest I’ve ever seen,” says Franklin Carmack, a fifth-generation farmer. “Everybody’s on edge.” In the first six months of 2025, there were 57% more farm bankruptcies than d

“I feel like a lot of American farmers, cattle people, it’s a lot, a lot of people probably feel let down currently now,” says farmer Jeffrey Daniels. Nearly 80% of voters in what are called farming-dependent counties voted for President Trump in the last election. The president has promised a new bailout for American farmers of as much as $13 billion, which he said would be paid for by the tariffs. But the aid is being held up by the government shutdown. “Maybe there’s a method to the madness,