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Peace

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Other than the major corporations and industrial military complex, is there are more protected industry than the agriculture industry in the US? Yes, I'm trying to stir the pot, but you really do have to ask yourself if you're really taking advantage of the programs that are available to you. They are probably not designed for you, in fact I'll guarantee they're not designed for you, but you certainly can use them to your advantage and you're a fool if you don't. I know they're not free, but they cost you way less than not taking and using them to your advantage.
 
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Peace

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I would like to check put some links.

Do you have an accountant? Ask them...trust me, they know o4r at the very least will check. My accountant and I have grown up together since we were 6 and have been friends since our early teens. He usually asks after he's done how I pulled it off. My thoughts are living off a cash flow and not trying to be too smart. The ag lobby is as large as it gets, so play the game.
 

TennesseeTuxedo

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Other than the major corporations and industrial military complex, is there are more protected industry than the agriculture industry in the US? Yes, I'm trying to stir the pot, but you really do have to ask yourself if you're really taking advantage of the programs that are available to you. They are probably not designed for you, in fact I'll guarantee they're not designed for you, but you certainly can use them to your advantage and you're a fool if you don't. I know they're not free, but they cost you way less than not taking and using them to your advantage.
The Education monolith comes to mind.
 

Mountaintown Creek Ranch

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As of late 2021, American students are on the hook for approximately $1.75 trillion in student loans, according to data compiled by the Education Data Initiative.1​ 43.2 million student borrowers owe an average of $39,351, up significantly from past decades. With that much money on the line, it's reasonable to be curious about who might ultimately receive all those principal and interest payments. While $1.75 trillion may be a significant liability for the borrowers, it can be an even bigger asset for creditors.
  • Student loan debt in the United States totals $1.75 trillion, with the average borrower owing $39,351.
  • Most student loan lenders are huge institutions, such as international banks or the government.
  • Outside the government, most student loans are held by the lender, a quasi-governmental agency like Sallie Mae, or a third-party loan servicing company.
  • The federal government fully guarantees almost all student loans.
The Maze of Student Loan Processing

It is possible for your student loan to have been originated by one institution, be owned by another, guaranteed by yet another, and possibly serviced by a fourth or even fifth agency. This can make it very difficult to track down who owns your debt and how. Much also depends on the type of loan you took out, although it is safe to say the federal government was involved in some way.

Most lenders are huge institutions, such as international banks or the government. After a loan is originated, however, it represents an asset that can be bought and sold on the market. Banks are often incentivized to move loans off the books and sell them to another intermediary because doing so instantly improves their capital ratio and allows them to make even more loans.

Since almost all loans are fully guaranteed by the government, banks can sell them for a higher price, because default risk is not transferred with the asset.

Non-Government Owners

Outside the government, most student loans are held by the lender or a third-party loan servicing company. Originators and third parties can each perform in-house collection services or contract that duty out to a collection agency. Some of the largest private student loan companies include Navient Corp., Wells Fargo & Co., and Discover Financial Services.

Many student loans are also owned by quasi-governmental agencies or private companies with beneficial relationships with the Department of Education, such as NelNet Inc. and Sallie Mae. Sallie Mae holds a lot of the loans made under the Federal Family Education Loan Program (FFELP), which was replaced by the federal government.

The Federal Government as Creditor
Outstanding consumer debt in the U.S. reached $14.88 trillion in 2020, according to data compiled by Experian.2​ That figure represents an increase of more than $3 million in 2010. The main culprit is student loans, which the federal government effectively monopolized in a little-known provision of the Affordable Care Act, signed into law in 2010.

Prior to the Affordable Care Act, a majority of student loans originated with a private lender but were guaranteed by the government, meaning taxpayers foot the bill if student borrowers default. In 2010, the Congressional Budget Office (CBO) estimated 55% of loans fell into this category. Between 2011 and 2016, the share of privately originated student loans fell by nearly 90%.

Prior to the administration of Bill Clinton, the federal government-owned zero student loans, although it had been in the business of guaranteeing loans since at least 1965. Between the first year of the Clinton presidency and the last year of George W. Bush's administration, the government slowly accumulated about $140 billion in student debt.

Those figures have exploded since 2009. In September 2018, the U.S. Treasury Department revealed in its annual report that student loans accounted for 36.8% of all U.S. government assets.3​

The cost of federal student loan programs is widely debated. The CBO provides two different estimates based on low discount rates and "fair value" discount rates. If you rely on the fair value estimate, the government loses approximately $100 billion to $250 billion per year, including $40+ billion in administrative costs. In other words, the government does not recoup the value of the loans, putting present and future taxpayers in the position of the guarantor.
 

SmokinM

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How many took CFAP money??? I feel dirty every time I pull that shiny new rake. Lol
You should with all the screwings you took to get that money! 😂


Honestly right now I feel agriculture is at a point where you got 3 choices if you want to be involved in it:

Subsidize it with Govt money

Subsidize it with your money you make elsewhere

Sell out and work for the neighbors places that were not to proud or to smart to do the first two.
 

Warren Allison

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When I was in school ( mid 70's) you could get a loan to cover tuition, some books, and dorm cost. Now days, they borrow money for all of that, PLUS a new car, PULS an apartment, PLUS spending money. I be damned if that loan should be forgiven, or that I should have to pay it for them.
 

Buck Randall

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When I was in school ( mid 70's) you could get a loan to cover tuition, some books, and dorm cost. Now days, they borrow money for all of that, PLUS a new car, PULS an apartment, PLUS spending money. I be damned if that loan should be forgiven, or that I should have to pay it for them.
I suppose it was easier to get by when you could just ride your dinosaur to school.
 
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