#508: How The Government Is Killing Small Farms with Dustin Kittle
May 21, 2024
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Expert Dustin Kittle discusses how the Farm Credit Administration is harming family farms, uncovering corruption, coercion, and ruthless tactics by lenders. They delve into the manipulation of debt products, government influence, and the urgent need to support independent farming models to prevent the demise of small farms.
Farm Credit System lacks oversight, leading to farmer vulnerability and foreclosure.
American farmers face extreme financial exploitation and extortion due to corrupt industry practices.
Political influence hinders necessary changes within the Farm Credit System, jeopardizing farming community's interests.
Deep dives
Bitcoin's Role in a World of Devalued Fiat Currencies
Bitcoin is positioned as a safe haven asset amidst central banks continuously devaluing fiat currencies. The trend of free money and out-of-control central bank policies has heightened the narrative of Bitcoin emerging as the ultimate winner in the realm of fiat currencies. This podcast discusses the significance of Bitcoin's role in a world where monetary devaluation by central bankers is rampant.
Systemic Issues within the Farm Credit System
The Farm Credit System, initially intended to benefit farmers, has evolved into a crony capitalist entity rife with corruption and systemic issues. A lack of oversight has led to vulnerable positions for American farmers who face foreclosure without due process. The podcast sheds light on egregious practices within the system, showcasing how farmers are being exploited and the absence of accountability within the Farm Credit Administration.
Challenges and Corruption Plaguing American Farmers
American farmers are grappling with systemic corruption and malpractices within the agricultural financing landscape. The narrative uncovers instances of financial exploitation and extortion faced by farmers, highlighting the power imbalances and lack of legal recourse. The discussion delves into the intricate web of corruption, conflicts of interest, and unethical practices that endanger the livelihoods of American farmers, ultimately calling for increased awareness and reforms in the industry.
Corruption and Manipulation in the Farm Credit System
The podcast episode discusses the corruption and manipulation within the Farm Credit System, highlighting how the Farm Credit Council and the Farm Bureau influenced political appointments to the Farm Credit Board, preventing necessary changes. The case of Rodney Brown, a nominee blocked from confirmation due to political lobbying, exemplifies the entanglement of trade organizations in government institutions. This manipulation has led to expired terms on the three-member board, demonstrating the adverse impact on the farming community's interests.
Threats to Small Family Farms and the Impact of Government Actions
The episode sheds light on the challenges faced by small family farms, pointing out the infringements on property rights and dignity perpetrated by the government and financial institutions. It discusses the broader implications of the systematic control and acquisition of farmland, suggesting a deliberate move towards corporate agriculture. The narrative underscores the urgent need to support local farmers and emphasizes the detrimental effects of centralized control on food security and independence in farming practices.
