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Biden plan could force 1,000s of family farms to sell for federal tax payments
When all the farms are owned by corporations, then they can tighten their grip on all Americans with food prices from the farm to the grocery shelf. Hell, I bet three quarters of farmland is already owned by them.
serf
The Center Square) – President Joe Biden's proposed American Families Plan promises billions to families with children. But paying for it could destroy Iowa family farms.
The AFP includes large increases in farm transfer taxes.
Craig Hill, the president of Iowa Farm Bureau said, as it stands, the proposal could become law with serious impact on farm families. Hill said the AFP is a major threat to passing farms to the next generation.
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97: The Percentage of U.S. Farms that Are Family-Owned - U.S. Soy U.S. Soy (ussoy.org)
Those corporations have a long way to go since they only own 3% of the farms now.
A 2013 Department of Agriculture report, for instance, found that, in 2001, farms of 1,000 acres or more accounted for 5.6 percent of all farms and controlled 46.8 percent of all cropland.3 In 2011, those large farms still represented 5.6 percent of all farms, but now they controlled 53.7 percent of farm
Here is a little more recent report than yours. If you take the time to read it you will find their estimate of non family owned farmland is 4%. As society changes and less of the younger generation stays in farming those farmlands are being absorbed by other farms. So yes we have fewer farmers but the amount of private farmland has stayed about the same for the last 50 years. For instance I lease out a few acres to my farming tenant which means he doesn't own the land but neither does some NWO evil corporation, Judy and I do. You will find a lot more of that than corporation controlled land being leased. Bob
USDA ERS - Farmland Ownership and Tenure
Some may remember what happened in Ukraine circa 1932 when "Government" got control of the nations farmland.
You mean a socialist communist genocide for lack of Food? But The United Nations said none of that will happen ever again under 2030 Agenda .No one will be left behind, they guarantee it!
serf
https://www.history.com/news/ukrainian-famine-stalin
Tell that to the North Koreans not attached to the regime.
buy more ammo
When you consider that many 'multi-generational' farm operations own land that has appreciated in value by 1000 to 5000% during the 3 or 4 generations it's been in the family. When inheritance laws require paying taxes on that increased value, it's a deal breaker for some operations that may be worth millions but not have much spending money.
'Corporate farms' are not in the same category.
Right now there are ways to minimize inheritance tax liability. This is one;
If Joes increased taxes are put into place, I see an increase in things like family LLCs. Bob
"Right now there are ways to minimize inheritance tax liability."
Sure, there are options BUT: Sometimes the older family members don't/won't/can't handle that decision to make those 'estate planning' choices. There's one sitting in my chair right now. Maybe non-farm folks can't understand how this is. You know it's the right thing to do but it's such a personal thing that you just can't do it. Something you've spent maybe your entire life building, paying for, worrying about, and now someone says you should turn that over to some legal entity. Even though in practice it's still yours, it's NOT yours anymore.
Part of my farm was purchased by my Grandfather in 1932. I don't know what he paid for that 200 acres but I'm guessing about what one acre is worth now. Part of my farm that I bought in 1980 is worth 15-20X what I paid. I think back to the hardship and hard work it took to pay for this land and now I'm told I should sign it over to a 'family trust'. That's a hard pill to swallow.
I understand completely the angst of being forced, by conditions beyond my control, into doing the "right" thing. I guess when the time comes I won't be around to say that I shoulda, woulda, coulda, done something different. Which reminds me, my will needs updating but doing so makes me dwell a bit on my mortality and that has made me procrastinate to avoid those thoughts. Bob
If you are small and not organized and poor but have something that can be taken, then the government is not going to protect you. Of course you don't have Lawyers and lobbyist working for you 24/7 to build your Corporation which by law is a person.
When there, you can hide in the shadows in the law and be given more rights with protections to increase and protect your wealth. Remember, the organized always use the disorganized. Like in the preamble in our Constitution We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. It's just words on paper! Because.................now the lawyers, lobbyist and politicians have made a new definition of a person to swindle these sacred words!
We have be swindled by Man's governments once again and I not even touch on The Federal Reserve monopoly money central bank system which is the biggest swindle of all time for we the people.
serf
https://learningenglish.voanews.com/a/corporation-as-person-86448772/112696.html
Recently the United States Supreme Court decided a big case about political speech. Political speech is considered the most protected form of free speech under the Constitution.
The case was Citizens United versus the Federal Election Commission. The question was this: With political speech, do corporations have the same rights as people?
By a vote of five to four, the conservative majority on the court decided yes. Companies, labor unions and other organizations may now spend as they wish on independent efforts to elect or defeat candidates.
The ruling is based on the idea in the United States and many other countries that a corporation is a legal person.
Not exactly sure what this has to do with me updating my will, but it seems you have a lot more angst about everything than I do. If it was an observation about me suggesting a lawyer for setting up both LLCs or a will, then I think you are wasting your time railing against the way the world works. My theory is if you don't like the way things are, you can either work to change things or learn to adapt. If someone just sits back and moans and groans about things, nothing gets accomplished. I don't like the dark money influencing the guys that make the rules but I am trying to adapt enough so that their rules have as little effect on me as possible. The constitution says all are equal. that doesn't mean that you are guaranteed a rainbow and a unicorn but that if you want those things you are free to make the attempt to acquire them. The truth is while all have the same rights, all don't have the same ability. So there will always be those that are successful and those that sit back and moan and are a failure. Those that sit back are usually the ones saying that life is unfair and they should have more.
You have never given me an answer to the question that I have asked numerous times about a "practical and viable" alternative to the monopoly money that you seem to lose sleep over. Do you pay your bills, buy food, gasoline, pay medical costs, etc... with that monopoly money? If so then you are being a bit hypocritical. If you want to back currency with gold, what is stopping the banks from devaluing that? If you are going the Bitcoin style route, how secure is that considering the recent electronic currency hacks and thefts? Fiat money has worked fine since we have been off the gold/silver standard. Our only problem with it now is inflation and trade imbalances both caused by those idiots in Washington. Of course those would be problems with any type of currency. If you want to do something about it then get out and get some better candidates elected to replace them. Bob
With the reset coming you will get your answer, they have already stated that it will be the New Deal for The whole world, and it will be a Fed Now stable coin here in this country with many other names for all the other providers of A Token Coin's sanction by a government entities that is plugged into the world's A.I. New world reserve currencies agency Connected to The U.N. and socialist oligarchy of rulers.
The system now is rigged with all those state actors ,just like in Ancient Egypt. But When they find a Renewable cheap energy source with A.I. Quantum Computers running all the factories, farms, and most if not all other endeavors in the business world then you can retire in luxury, and we will all become philosophers, artists or just adventure out to Mars and other regions of space. Transhumanism will take us either to Heaven or Hell, chose wisely.
Oh, By the way I doubt our founding fathers would agree a Business entity is a person under law but just wait when they come for your firearms after The First and Second Amendment is abridged to right-thinking in The NWO of things.
serf
https://bitcoinexchangeguide.com/world-governments-for-cryptocurrency/
When they get through the maze of crypto coins with those problems like security and tax evasions, they all will come together and name an official stable coin in what ever jurisdiction your in while trading in or jurisdiction you're trading to or both for complete control. You will not buy,sell or trade without them knowing, believe it or not.