I believe it's felt to suffer a crop loss rather than pay fertilizer, water, labor to bring the crop in and have no place to sell.
This is huge welling problem with the global economy. Besiide lack of labor, no one is buying anything but essentials.
Looking to buy a car or major appliance will be different in a couple months. Better stock your freezers now and also buy beans, sardines and other high quality protein. I've been in the yard and garden much of the past week, cutting cover crops, tilling and planting spring veggies. I think anyone that has room in the yard, or can cobble together some raised beds for veggies would be wise and also able to have high quality food through this summer. Beets, carrots and squash store well too if you have a place to store where it stays cool but not freeze.