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e. A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure ...
Crisis of the 1920s and 1930s. A farm crisis began in the 1920s, commonly believed to be a result of high production for military needs in World War I. At the onset of the crisis, there was high market supply, high prices, and available credit for both the producer and consumer. The U.S. government continued to instill inflationary policy ...
Bonanza farms were very large farms established in the western United States during the late nineteenth century. They conducted large-scale operations, mostly cultivating and harvesting wheat. Bonanza farms developed as a result of a number of factors, including the efficient new machinery of the 1870s, cheap abundant land available during that ...
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Agriculture is a significant sector in Wisconsin's economy, producing nearly $104 billion in revenue annually. [1] The significance of the state's agricultural production is exemplified by the depiction of a Holstein cow, an ear of corn, and a wheel of cheese on Wisconsin's state quarter design. [2] In 2017 there were 64,800 farms in the state ...
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 ...