Bankruptcy

Pity the Poor Farmer! Killed by Inflation and Big Corporations! And Chapter 12 Cases Sometimes Work.

By Joseph McDaniel, Esq.

With a cherry on top.

The additional issue farmers have to face now is inflation.

That is, twenty years ago hay sold for $5.00 a bale.

And hay, today, sells for....$5.00 a bale!

But the cost of diesel twenty years ago was 67 cents a gallon; now it's $2.67 or more.

And twine, which was $17 dollars a box, has now more than doubled.

Get the picture?

Lenin said that the middle class had to be ground between the twin millstones of taxation and inflation, in order to destroy it.

Seems like it doesn't much matter whether the inflation is in Russia or in the United States: inflation is pretty rough on the rapidly-shrinking middle class.

And you'll wonder why I say that big corporations assist in destroying family farms? Well, they're the vultures which buy the farms from the Banks, after the banks have foreclosed on the farm.

Pretty rotten, yes?

Putting it a different way, if all of the politicians in the United States disappeared overnight, there's a good chance that things would not change in any material ways.

On the other hand, if all the farmers in the United States vanished overnight, we'd starve.

If Houdini asked for my input before the disappearing act, I know which way I'd like to see it work.

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NOTHING IN THIS BANKRUPTCY BLOG CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY ATTORNEY WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, OR ANYWHERE ELSE.

Full post as published by Arizona Bankruptcy Attorney Blog on September 03, 2010 (boomark / email).