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The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the lender to relinquish the property without an opportunity to recuperate the balance of the loan. The term arose during the foreclosure of farms during the Great Depression in the United States.
Kentucky-based AppHarvest risks losing one of its largest greenhouse facilities to foreclosure if it doesn’t reach a resolution with a creditor demanding over $66 million, the company announced ...
The Frazier–Lemke Farm Bankruptcy Act restricted the ability of banks to repossess farms, [1] amended the previously voluntary Section 75, and added subsection (s), [3] which delayed foreclosure of a bankrupt farmer's property for five years during which the farmer made rental payments. The farmer could then buy back the property at its ...
The highways into Sioux City and Council Bluffs, Iowa, were blocked by pickets who dumped farm produce on the side of the road. [3] At Le Mars, Iowa some farmers dragged a judge out of his courtroom, placed a noose around his neck, and threatened to hang him unless he stopped approving farm foreclosures. The striking farmers were countered by ...
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A family farm is generally understood to be a farm owned and/or operated by a family. [3] It is sometimes considered to be an estate passed down by inheritance.. Although a recurring conceptual and archetypal distinction is that of a family farm as a smallholding versus corporate farming as large-scale agribusiness, that notion does not accurately describe the realities of farm ownership in ...
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