This vlogger below shares additional light on the family farm piece. For example:
1. 45 expanded who can qualify for Chapter 12 bankruptcy, so that the non-farmer rich bought farmland, and became absentee farmers that were allowed to qualify for Chapter 12 protection, originally intended to only mitigate risk for family farms.
2. Bankruptcy in general is on the rise, not just farming bankruptcy, because Trump has tanked the economy. Farm failures linked directly to tariffs have not kicked in yet.
3. Farmers are typically millionaires with 6 figure income. Farmers are not among poor Americans that need help feeding their children. The farm lobby drives corporate media to report bad news so that the Government sends farmers money. Now that billionaires own a lot of farmland, the money is being sent to them. Remember how Scott Bessent, one of our super rich Queens, claimed he was a soybean farmer?
4. Farms are like all businesses. Some will fail. That is happening now and will always happen. Failures rise and fall and always will. But with Chapter 12 rules now mitigating risk, billionaires have and will continue buying farms. That's happening right now. As the previous post suggested, Trump is tanking the economy. Billionaires will continue snatching up failed assets, farms and otherwise, as they fail.