2020 Election

[Dill]

(11-06-2020, 06:52 PM)Brownshoe Wrote: Because they're not children of millionaires. You're ignoring that a lot of farmers are going bankrupt and losing their family owned land because they can't turn that big of a profit on it. Because the bank is raising the price of that land when the income from it isn't going up proportionally. It would be different if it was a million dollar business, because that's actually making lots of money.

The biggest mistake you make is that you equate what the BANK says the land is worth to what the family actually has. You think because the land is worth something they automatically have millions of dollars. I would agree if you went by what the profit is from the farm and not what the bank says the farm is worth. That's why I hear "Land rich, and cash poor" all of the time from my farmer friends.

Why should people pay taxes multiple times on their own land? Most of these people aren't rich, and they work extremely hard. There's no reason to hamstring farmers. Maybe if it was a Wall street businessmen I could see your point, but they're FARMERS. American farmers feed America and much of the world. Farmers make MUCH less than what their land is worth a lot of the time. You're just very ignorant on this topic, and this is the exact reason why we need EC. Someone like you who thinks they know the answer of "millionaire" farmers is just pay the taxes to keep their already paid land (and the taxes they already paid). Then in 10-15 years from now you're going to wonder why there's only 2000 farms in America compared to when we had millions.

This is part of the rural/urban divide in understanding. There are large agricultural concerns that can weather market variations more easily than family farmers. I think Fred is from a rural area and maybe understands this.

I always hate to see family farms go under. The problem is in part the way they are so exposed to market fluctuations.