- Ag lending. It needs an overhaul. There are to many predatory lending and abuses of strong arming borrowers into selling from health problems to deaths in the family. The other thing with banks in rural America. When you have a bank that is engaged in fraud or misappropriating funds and you need to file a complaint and you need legal representation the banks have locked up almost every lawyer across the state that handles fdic cases you can’t find a firm to represent you in court for your grievances
- Death tax and capital gains on agriculture needs to go away. Most operations use all of their savings to pay the capital gains to keep the farm. Then there is no working capital and you have to borrow more money
- There is an enormous discrepancy between what commodities are and purchasing farm equipment. One piece equipment now is now more expensive than you paid for your farm. This needs to be addressed. Almost all farms are basically in debt servitude at this point. Every other industry in America is allowed to make money but the producers. We need some kind of parity to make this happen
3 Likes