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<blockquote data-quote="Exfarmer" data-source="post: 7855223" data-attributes="member: 1951"><p>Many farmers sell crops forward, it is to an extent the same. If the farmer is farming as a company, then he can walk away from that company if he has crop failure, and keep his farm , if he has not put it as security against that company.</p><p>If they have done it as part of a deliberate fraud then they can go to jail, the problem here in the UK we have a system which completely fails to prosecute and jail these rogue directors.</p><p>Elsewhere on this forum, we are debating the rights and wrongs of the American legal system, I would suggest that fraud is one thing they get a lot more right than we do, with rogue operators facing and often receiving vast sentences</p></blockquote><p></p>
[QUOTE="Exfarmer, post: 7855223, member: 1951"] Many farmers sell crops forward, it is to an extent the same. If the farmer is farming as a company, then he can walk away from that company if he has crop failure, and keep his farm , if he has not put it as security against that company. If they have done it as part of a deliberate fraud then they can go to jail, the problem here in the UK we have a system which completely fails to prosecute and jail these rogue directors. Elsewhere on this forum, we are debating the rights and wrongs of the American legal system, I would suggest that fraud is one thing they get a lot more right than we do, with rogue operators facing and often receiving vast sentences [/QUOTE]
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