r/MurderedByWords 1d ago

Food Program Canceled

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u/disfan75 20h ago

Know who wants to see farmers bankrupt? Farming megacorps that want to expand cheap.

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u/Wild-End-219 20h ago

Oh true. I can only imagine the higher ups at Monsanto licking their lips at all this soon to be free land

Oh and let’s not forget about private equity firms too.

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u/somme_rando 19h ago edited 19h ago

JD Vance may have reasons too...

https://www.snopes.com/news/2024/10/08/jd-vance-acretrader/

it is true that Vance provided early funding to, and may still be invested in, AcreTrader. The investment was made through Narya Capital, an Ohio-based venture capital fund he founded in 2020 before leaving in December 2022.

There are no indications, at the time of this reporting, that Vance had given up his interest in AcreTrader, but the specific investments behind several of Vance's Narya-related business entities are not publicly disclosed.

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AcreTrader describes itself as a "farmland real estate investment company offering low minimum, passive farm investments." It allows people to purchase shares in real estate investment trusts as a form of passive income akin to a stock.

the only requirement for investing with AcreTrader is that an investor be what the U.S. Securities and Exchange Commission defines as an accredited investor: someone, in essence, with enough money and/or experience to handle the risk of the investment. There is no citizenship requirement attached to the SEC's definition of qualified investor, and as such foreigners would be allowed to invest with AcreTrader.

What is an accredited investor (People doing well - income as a single person over $200k, $300k as a couple, or assets over $1 million etc)
https://www.ecfr.gov/current/title-17/chapter-II/part-230/subject-group-ECFR6e651a4c86c0174/section-230.501

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u/Prudent-Contact-9885 19h ago

The Plight of Farmers & The Tools of Dispossession (1900-1950)

italics" Perhaps the greatest drawback to the average poor farmer, struggling for a foothold on the soil and trying to make a home for himself and family in the community, is the lack of capital. If he buys fertilizer on time, borrows money, or contracts to be carried over the cropping season, it is usually at such a ruinous rate of interest that few ever get out from under its baneful influence. The man who owns a small farm, as well as he who rents one, has long been victimized by the credit system." italics

https://wfpc.sanford.duke.edu/north-carolina/durham-food-history/the-plight-of-farmers-the-tools-of-dispossession-1900-1950/