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  #1  
Old 08-23-2020, 01:42 AM
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Family regains family farm - wild story

https://familylifegoals.com/200-nebraska-farmers-remain-silent-during-auction-so-a-young-man-can-buy-back-his-family-farm/?utm_source=Nickalt&fbclid=IwAR2XPXK7kJET6baKQlQ_0y-7uyoH9-B7dar5v6wqBylDCPplYGAyzKw-Trg

200 Nebraska Farmers Remain Silent During Auction So A Young Man Can Buy Back His Family Farm

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  #2  
Old 08-23-2020, 07:58 AM
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So an entire community engages in a criminal conspiracy. Let's not forget that there was another side to this...the land was being auctioned off by someone who owned it legitimately, and had invested years and labor maintaining it. Maybe it was his estate, or maybe he defaulted on a loan and it was owned by the bank. Whoever was on the title had an incontestable, completely legitimate right to its full value. And so an aggressive gang of farmers conspired to hold the price below fair market for a favored buyer.

But then, is it even true? If the farmers had all decided to let David win, they why even attend the auction? The only reason I can imagine is that they were there to persuade any potential bidders to join their conspiracy. And if persuasion didn't work, take them out back and compel their complicity. The more I think about this story the creepier and more frightening it becomes. Somewhere under this heartwarmer is a 'blood and land' dog whistle that has terrible implications for our country.
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  #3  
Old 08-23-2020, 08:12 AM
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Doesnt say if the kid paid fair market value or not.
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  #4  
Old 08-23-2020, 09:21 AM
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Well, that's an idiotic comment. If the bidding was suppressed, then he didn't pay fair market.
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  #5  
Old 08-23-2020, 12:19 PM
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Talking Paranoia Runs Deep....

Speaking of idiots and criminal conspiracies.....

Some folks just have to make sure no one else has a nice day .
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  #6  
Old 08-23-2020, 12:54 PM
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Quote:
Originally Posted by Mxfrank View Post
Well, that's an idiotic comment. If the bidding was suppressed, then he didn't pay fair market.


If the story is even true, the fair market is in line with surrounding properties. Idiotic indeed
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  #7  
Old 08-23-2020, 01:10 PM
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Question Perhaps,

Just maybe the other Farmers were actual Christians who follow the Lord and Jesus teachings......
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  #8  
Old 08-23-2020, 08:52 PM
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Don't throw religion in my face, you have no idea if the result is justice in the eyes of God or man. What religion tells farmers it's ok to steal from the legitimate owner? Most religions suggest that stealing someone's land or money is a mortal sin. The land had passed to a distant relative in an apparently uncontested probate procedure, and then a descendant decided he wanted it back. A bunch of farmers held down the price so he could achieve that goal. There's nothing in that story that suggests that a prior bad act is being righted. But the seller was undoubtedly harmed, and do we know how much damage was done? Not even curious?

Quote:
They had all agreed that no one would up the young man’s bid so he could regain his family’s legacy. They were going to look out for him by not outbidding his stake.
In other words, the bid was rigged for the benefit of one bidder. A conspiracy to defraud the legitimate beneficiaries. This is illegal under federal and state law, and without doubt prohibited by the auction house. If you were the seller of the land and read this story, what would your next steps be? If you were the next door neighbor and saw your property value on Zillow plunge, because the lot next door sold for a rigged price, would you feel damaged? If you were a farmer in this county and needed to borrow against your land, how would you be affected by falling land prices? If you wanted to sell your land, would you ever consider this auction house?

Again, I doubt this was a story about theft, or even a true story. This was almost without doubt a dog whistle. Don't be counted among the dogs who come running.
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  #9  
Old 08-23-2020, 09:44 PM
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Never mind this is an old myth with no evidence.
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  #10  
Old 08-25-2020, 11:01 AM
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Originally Posted by INSIDIOUS View Post
Never mind this is an old myth with no evidence.


This may be fabricated. There have been instances depending on circumstances. Where the community has let people buy back what was theirs to start with. By not counterbidding.


It probably most often has happened to clear a title. Never register a title as it may have others entangled liabilities far in excess of it's worth. Before you know it is clean. Running it through something like a tax sale can clear them.
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  #11  
Old 08-25-2020, 12:41 PM
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The roots of the story are the midwest "penny auctions" of the 1930's. Where entire communities were under financial duress, farmers would rig land auctions against foreclosure. it was illegal even then, but at least you could stretch for moral justification. Although bankers and auctioneers were also members of the community, so there were always innocent victims. In any event, it was a radical political act at the time, and acknowledged as such by the participants. It would be so today if it was true, which I doubt.

In modern times, there are more mechanisms to defend against collusive bidding, such as reserve auctions. And in some cases, the auctioneer can pass the lot if there wasn't a competitive bid. In this case, someone thought they could draw on the history of 1930's radicalism and construct support for a political or social point with a parable of blood and land.

To set this right, here is the original story, in the original context:

"Like a Thick Wall": Blocking Farm Auctions in Iowa
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  #12  
Old 08-25-2020, 06:45 PM
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There was a movie where they did that.
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  #13  
Old 08-26-2020, 12:18 PM
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Quote:
Originally Posted by Mxfrank View Post
The roots of the story are the midwest "penny auctions" of the 1930's. Where entire communities were under financial duress, farmers would rig land auctions against foreclosure. it was illegal even then, but at least you could stretch for moral justification. Although bankers and auctioneers were also members of the community, so there were always innocent victims. In any event, it was a radical political act at the time, and acknowledged as such by the participants. It would be so today if it was true, which I doubt.

In modern times, there are more mechanisms to defend against collusive bidding, such as reserve auctions. And in some cases, the auctioneer can pass the lot if there wasn't a competitive bid. In this case, someone thought they could draw on the history of 1930's radicalism and construct support for a political or social point with a parable of blood and land.

To set this right, here is the original story, in the original context:

"Like a Thick Wall": Blocking Farm Auctions in Iowa
today there is probably someone with enough money to scoop up the bargain.
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  #14  
Old 08-26-2020, 11:55 PM
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Quote:
Originally Posted by Mxfrank View Post
So an entire community engages in a criminal conspiracy. Let's not forget that there was another side to this...the land was being auctioned off by someone who owned it legitimately, and had invested years and labor maintaining it. Maybe it was his estate, or maybe he defaulted on a loan and it was owned by the bank. Whoever was on the title had an incontestable, completely legitimate right to its full value. And so an aggressive gang of farmers conspired to hold the price below fair market for a favored buyer.

But then, is it even true? If the farmers had all decided to let David win, they why even attend the auction? The only reason I can imagine is that they were there to persuade any potential bidders to join their conspiracy. And if persuasion didn't work, take them out back and compel their complicity. The more I think about this story the creepier and more frightening it becomes. Somewhere under this heartwarmer is a 'blood and land' dog whistle that has terrible implications for our country.
The story indicated that it wasn't merely an auction for that one farm, or that they were even at that farm for the auction - would have been likely had the auction been for that farm only. Also mentioned it was sold a several years prior. Who knows, maybe it's not true. But if so, I have a hard time finding anything "criminal" about it. And could be the new owner was flipping it for a quick profit with little or no improvements.

Snopes says it's "unproven:"

https://www.snopes.com/fact-check/200-nebraska-farmers/
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  #15  
Old 08-27-2020, 11:54 AM
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Manipulating and auction for the benefit of one bidder is a criminal conspiracy anywhere in the US. probably anywhere in the world. This is nothing new or controversial. If you owned that property, you would be furious about this. If you were the auctioneer or the tax assessor, you would be furious about this. If you were a bank foreclosing the mortgage, you would be furious about this. And if any of them went to court, the buyer wouldn't be smiling. It really doesn't matter who the owner was or why it was being sold. The full price wasn't realized because a group of farmers conspired to suppress bidding: why else would they even bother to attend?

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