Kansas City Federal Reserve Warns Of Looming Farm Bankruptcies And Loss Of Farms To Follow (Video)
By Josey Wales
Did you know Federal Government land ownership is concentrated in the mineral resource rich western United states? Specifically, 62% of Alaska is federally owned, as is 47% of the 11 coterminous western states.
By contrast, the federal government owns only 4% of lands in the other states. This western concentration has contributed to a higher degree of controversy over land ownership and use in that part of the country.
Debt racked up by American farmers threatens to throw the agriculture industry out of its current economic boom and into a bust, according to a new study.
Released last month by the Federal Reserve Bank of Kansas City, the report warns that if farmers use their accumulated wealth instead of profits to finance their agricultural investments, they could end up in greater debt, risk bankruptcies and suffer the potential loss of their farms.
The big concern is for 2014 and 2015, when commodity prices are expected to fall,” said Nathan Kaufman, an economist at the Fed Bank in Kansas City and a co-author of the report.
“The Department of Agriculture has predicted a 25 percent drop in farm income in 2014, and if incomes levels for farmers fall, the tendency in the past has been for them to use their savings to keep buying equipment and land and putting themselves in bigger debt. That creates a financial crisis for them.”
Adding to the worries is a possible bust in farmland prices, which have had three years of double-digit growth, said Kaufman. That’s key because farmland accounts for 85 percent of a farmer’s assets.
“Land prices are used as collateral for many farm loans, so if they fall, that could increase the amount of debt for farmers,” Kaufman added.
Kaufman’s report states that accumulation of debt by farmers—along with rising interest rates—preceded economic busts in agriculture in the 1920′s.
A decline in farm income as well as farmland values—a land value decline of some 27 percent from 1982-1987—led to a bankruptcy rate of 23.1 per 10,000 farms in 1987, based on 2.1 million farms. That’s the highest annual farm bankruptcy rate recorded, according to the USDA.
“In both cases, we saw a rise in debt and farmers using their own wealth to finance themselves and buy tractors and other farm machinery or land,” said Kaufman. “A heavy debt-to-asset ratio was a key indicator of the busts.”
Another concern is interest rates. If they go up, Kaufman said, they will further increase farmers’ debt burden.
There has been a plan that has been implimented around the globe to secure mineral rights and farming rights for the benefit of the global population. Is this build up of commodity prices, which influenced the amount of debt/risk that farmers were willing to assume, part of the greater plan of the globalists?
Here is something you may not be aware of, this was implemented in 1993, when everyone said that is BS, it will never happen, remember??
Agenda 21 was promoted at the 1992 Earth
Summit in Rio as the global action programme
for the twenty-first century (United Nations,
1993).
It was developed in response to a
growing recognition of the need to halt the
environmental degradation and resource
depletion that has characteristically
accompanied economic growth in the
industrialised world (WCED, 1987).
It also
aimed to address the inequitable distribution of
wealth and benefit arising from this pattern of
development both within and between nations
and inter-generationally. These combined aims
are commonly referred to as sustainable
development.
Agenda 21 devolved the task of promoting
sustainable development to local governments
through the LA21 initiative.
Identified as major
players in the local economy because of their
role as employers, purchasers of goods and
services and local regulators, local governments
were encouraged to think globally and act locally.
LA21 urged that all local government
activities should be directed towards the
simultaneous realisation of four core objectives:
1 Environmental protection/reversal of
environmental degradation
2 Eradication of poverty
3 Local participation of all sectors and
groups in society
4 The formation of global partnerships to
support these principles
Here is a Link to the 40 chapters of Agenda 21 sustainable development by the UN, that are now the rules for the world to live by. This includes the UK and Nevada.
Don’t ever think these two issues are not related through Agenda 21 policies. As you may have noticed from the video above these two conflicts are very much related through these newly implemented Agenda 21 guidelines.
Critical Reads: More News Mainstream Media Chooses To Ignore By Josey Wales, Click Here!
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Don’t let anyone take your food source – protect your farmers at all costs!!!
I knew the federal reserve was behind land grabs the whole time. Remember, they are all in on it.
You got it, the “non-federal”, private federal reserve is behind most of what’s wrong with this country. http://TheRamboReport.com
The Federal Government is an illegal govt. We had been tricked and lied to for hundreds of years. USA have two governments running it. The first government is called United States of America Republic. A government of the people by the people.. However this power had been swept under the rug and very lame power. The second govt. is the secret government it is called the United States Federal Government, it is a quasi. Similar but totally an illegal govt. But it’s the ones that’s pulling all the strings.Why is that.
Why is it the secret govt.? Why is it the illegal govt?
Washington D.C.is not part of United States Of America. It belongs to District of Columbia. The elites built their Federal government base there so that when the time comes that we the people wakes up and find out that we have been deceived by these so called congress members, that these fat pigs cannot be tried for treason by us. Why? Because they do not work for America, they work for the elites, the Powers That Be, the illuminati and that D.C.is not part of USA therefore we have no jurisdiction.
For hundreds of years the citizens power was taken away from us when Lincoln declared Martial law. That Martial law was never lifted. We fell under the Admiralty Law. When you see a tassel on the American flag, it is a symbol of admiralty law.
In order for this admiralty law be kept in power – to continue stripping away our citizens power, the president was given a mission by these elites to declare war, any kinds of war,ie world wars 1&2 to gulp war, iraq war, war on terror, war on drugs etc every two years. This is why the past presidents always declared wars. Even war on terra, any stupid names that they can think of. They can call it war on soda drinks whatever.
By not declaring war of any kind? The power of admiralty dissolves. Yay!!!!! We have the citizens power back!!!! Wake up fellow Americans!!! Obama is the only president that did not declare war on any kind!!! He cut off the power of that admiralty law.
Now before the majority totally realized this? The elites had been trying to destroy Obama many many times.
In the past, they can assassinate any presidents that disobeyed their commands. JFK was killed because he was starting to exposed the hidden cabals that are running the government. His last speech meant a lot but the people did not totally understand yet what he meant on his last speech. Listen to it now, and you will understand what he meant now. Presidents are their puppets. The facade to our eyes. Reagan thought that he’d had a lot of power to opposed the illuminati and started to make a comment that government is the problem. He was shot. Reagan realized that he’s not safe even when surrounded with guards. He’s returned to being their puppet.
Obama was chosen by the elites to put the final nail in the coffin after Bush put America in the coffin.. He won big time on his first election. Money poured in everywhere to support his campaigns from these hidden cabals.
We were supposed to become a North American Union in 2010, and we supposed to use the amero currency.However before Obama could issue the orders and hit that nail? He was awaken. Awaken by the Heavens armies. What did I meant by it? I’m not talking science fiction here.
The forces of heaven will not allow that the souls on this planet will perished in an instant by their New World Order declaration. We were supposed to be rounded ups, arrested, others will be shot and killed in an instant if they resist. Obama was shown the truth. All the agenda and deceptions that were going on and not detected by many asleep media.
So, he did not obey the cabals. He refused to declare any kinds of wars. He did not declare war with Libya, even though the mind controlled Hillary had pushed the start button. He did not declare war with Syria. The elites tried their dumbest to get rid of him. But everything was twarted. Why? Because the forces of heaven is protecting Obama. However, we have to understand that it is tough to fight the elites single handedly without the people’s approvals. So this is why we are brainwashed by the false media. They use the media as a weapon to destroy Obama. And many are against Obama. Why? Because they just watch the news, read the false news that the media are airing. The ignoramus makes the loudest noise.
Yes, the Heavens armies are here now. It is not a science fiction. Our truth of who we are are stranger than fiction. And the Heavens armies respect our Free WILL so, they will never rescue you from harm if you do not call on them. It has to be our Free Will.
So, the Federal Government have no power over us anymore. The Admiralty Law is no longer in effect. We can start organizing and spreading this truth and fire all reptilian politicians that were working for the illuminati. The blue bloods. Let’s start with Boner. LET US DEMAND THE TRUTH!!!!
FIRE THE FEDERAL GOVERNMENT. DEMOLISHED THE FEDERAL GOVERNMENT.PUT BACK THE UNITED STATES OF AMERICA REPUBLIC. LET’S SUPPORT OBAMA TO DEPOWER THE REPTILIANS POLITICIANS AND FIRE THEM ALL IF IT HAS TO BE.