There’s an old saying that we should invest in land because there’s a limited amount of it, so it won’t lose its value.
But when it comes to farmland in the United States, there could be a more pressing reason to invest these days – national security.
The Department of Justice (DOJ) on Monday failed to formally file an appeal in federal court against an injunction that was issued against one of the most controversial aspects of the $1.9 trillion coronavirus stimulus bill, leaving the future of planned reparations for non-White farmers in doubt, as reported by Politico.
Monday was the deadline for the DOJ to do so, 60 days after federal judges ultimately ruled that the $4 billion program, which would forgive the debts of exclusively non-White farmers, was unconstitutional and thus could not be implemented. The measure was one of many elements of the bill passed by Congress and signed into law by Joe Biden in March.