Re:Immigration raids leave crops unharvested and California ...
by sebastiennight on Tuesday July 15, 2025 @02:40PM
(#44574453)
Ah. I think there might be a misunderstanding.
I read GP's comment as saying that large investors will be happy to buy "distressed assets", eg. the bankrupt farm itself, after its ruined crops caused bankrupcy.
They don't care about the crop ; the same way that a speculator might have bought LA real estate for a symbolic dollar after the house itself had burnt down. They don't care about the family house, they care about buying the underlying asset (the land) for cheaper than its real value.
I read GP's comment as saying that large investors will be happy to buy "distressed assets", eg. the bankrupt farm itself, after its ruined crops caused bankrupcy.
They don't care about the crop ; the same way that a speculator might have bought LA real estate for a symbolic dollar after the house itself had burnt down. They don't care about the family house, they care about buying the underlying asset (the land) for cheaper than its real value.