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re: Funny business in the Delta: Farmer, bankers accused of racketeering
Posted on 5/22/17 at 9:43 am to GREENHEAD22
Posted on 5/22/17 at 9:43 am to GREENHEAD22
you could do that and it would be legal but this guy didn't own all the land he was farming. Also when you go sign up at FSA every year you have to specify the crop share percentages and the government cuts the checks to those percentages and puts them in the specified accounts.
That's why this guy had to have bankers involved.
That's why this guy had to have bankers involved.
1
Posted on 5/22/17 at 9:46 am to Sweetiepie
quote:
Theoretically you may have rented the property from other landowners. Got funded for the rent and did not pay some of the landowners their payment. Then you will send the guys to manage and farm. You did not have to do anything but make sure they did their jobs. You received all the payments and gave your hands only the pay agreed upon hiring. Then you are suppose to use payments to pay off crop loans but you got too caught up on spending money and buying this and that till you hang yourself and crop loans do not get paid is what I believe happened here
You obviously know quite a bit about this situation. Let me give you some unsolicited advice, delete your posts and ask to have your account deleted
Posted on 5/22/17 at 10:25 am to jorconalx
Posted on 5/22/17 at 5:56 pm to Midtiger farm
How does the ownership of the property change the legality? Either way you are getting extra payments even though in reality he is farming to big of acreage to qualify.
Posted on 5/22/17 at 6:22 pm to GREENHEAD22
Because the landowners he was renting the land from would want their share of the payments
Posted on 5/22/17 at 7:18 pm to crimsonsaint
quote:
Don't know how I missed this.
Get it together man
Posted on 5/22/17 at 8:47 pm to Midtiger farm
So the guys who names the farms were in didn't know and the landowners he was renting from didnt know and he was keeping all the extra money. I got that.
The point I am making is that the original crime is making it appear that he was farming small enough acreage to get the extra subsidies. Or is that not a crime and just a loophole?
The point I am making is that the original crime is making it appear that he was farming small enough acreage to get the extra subsidies. Or is that not a crime and just a loophole?
Posted on 5/22/17 at 8:56 pm to Jim Rockford
"Tough Luck Farms" was named appropriately
Posted on 5/22/17 at 9:10 pm to East Coast Band
Some person abuses Food Stamps and everyone wants to sentence them to death.
Someone abuses federal farm subsidies, and its all a big laugh.
Trump should end farm subsidies.
Someone abuses federal farm subsidies, and its all a big laugh.
Trump should end farm subsidies.
Posted on 5/22/17 at 9:27 pm to GREENHEAD22
quote:
Or is that not a crime and just a loophole?
Both. It's a loophole if everyone is doing the job that they are listed to have in these corporations... It becomes a crime if the people listed as managerial partners are not actually managerial partners. It's actually pretty common, and can easily be controlled in a small environment.
Posted on 5/22/17 at 9:30 pm to TDFreak
quote:need to be eliminated completely
federal farm subsidies,
Corporate welfare is exponentially worse than Snap
Posted on 5/22/17 at 9:31 pm to SuperSaint
quote:
need to be eliminated completely
so naive 
Posted on 5/22/17 at 9:36 pm to Jim Rockford
So, bankers, accountants, judges, and farmers were in business together and some shady shite happened? Ya don't say
Posted on 5/22/17 at 9:37 pm to East Coast Band
six gun
pen
pen
Posted on 5/22/17 at 9:53 pm to TDFreak
quote:
Trump should end farm subsidies.
You obviously don't know shite about farming
Posted on 5/22/17 at 9:56 pm to prostyleoffensetime
So its only a crime if you're dumb enough to get caught, got it.
Posted on 5/22/17 at 10:31 pm to GREENHEAD22
If the actual landowners didn't know what was happening with FSA than there aren't very bright.
Posted on 5/22/17 at 10:33 pm to GREENHEAD22
Pretty much. If you handle your shite and everyone listed as an owner is handling theirs, nobody can really do anything. When these guys start listing off farm cousins and buddies as owners in the corporations and they don't know what's going on, and the government starts snooping, that's when they run into problems.
I'm not saying that it's rampant, but it's happening every day.
I'm not saying that it's rampant, but it's happening every day.
Posted on 5/22/17 at 10:37 pm to SuperSaint
quote:
federal farm subsidies, need to be eliminated completely
Whoa player - that impacts global food and grain supply - farm subsidies do much more good than harm - in fact, the world depends on our producers to feed the masses.
As our planet's population grows, it will be the USA leading the way to get grain and protein to the world's population.
Posted on 5/22/17 at 11:00 pm to KillTheGophers
quote:
farm subsidies do much more good than harm
they also protect our food supply from a great deal of fluctuation and keeps pricing steady, eliminating them sounds great until you cant find milk in a store or bread spikes at $20 a loaf.
The abusers need punishing but most USDA subsidies are there for good reason.
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