I've seen and heard about so many farms here in Maine being bought or sold to other bigger farms and on tope of that farm owners are taking queue from the south and hiring the Mexicans to come up north and work their farms. So many mills in Maine have bought sold, torn down or sold to the Japanese. The one huge one in my area thats still running is headed by some japanese company now. they make flipping paper plates.
You might not remember the banking scandal in the 80's, but that is where the bulk of the problems began for the farmer. Of course they didn't make as big of a deal out of it as the Bernie Madoff and Stanford scandals.....Because farmers were never billionaires
The government just let them sink
It really is a tragedy.Outstanding video. To put things in perspective, in Cliffs Notes form, the banks were lending farmers money, against real estate, and equipment they didn't actually have equity in, in other words if they couldn't make the payments, the banks had nothing to take because another bank still owned it. So when the markets dipped and the farmers had to sell any crop at a loss, the wolf was always at the door.
The banks were lending money illegally but when it was all said and done, it was too late. No bail outs for the farmers, just dick and taters.....Hold the taters
I hate cryptic responsesaww, no one picked it out yet...
well, if we are real general about our mills and not very good with our farms, i doubt we could rebuild our quality of life.
but if we get hard working people, who really understand that money is not everything, then it is possible to retrieve some of the previous quality back.
doubt we will get back to where it was, however.
I hate cryptic responses
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