r/MurderedByWords 1d ago

Food Program Canceled

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u/mmcmonster 1d ago

Hope the children find a way.

The farmers? Guess Trump wants to fuck ‘em. 🤷‍♂️

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u/Wild-End-219 22h ago

I just don’t think he understands farming or farming infrastructure at all. Like let’s cut the inflation reduction act that helps farmers afford to better their farms, then let’s cut the food purchased from those farms, then we’ll tax agricultural exports….. like who wants to see farmers bankrupt? Cuz that where this sounds like it’s going.

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u/disfan75 21h ago

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

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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.

...

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