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Are Your Insurance Premiums Buying Farms from Farmers?

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Touch the Soil News #351 A landless farmer farms land owned by someone else. When you pay your insurance premiums, insurance companies build-up huge cash reserves that they invest. Some of those monies are now funneling to investors who want to own farmland. MetLife has been one insurance company (along with John Hancock) that has specialized in lending money to farmers to buy and own farmland. Farmers in the past often had debts on their balance sheets to MetLife for a farm mortgage loan. MetLife is a publically owned company that has stockholders and its stock is traded on the New York Stock Exchange as MET. MetLife has total assets…

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