{"@context":"http://iiif.io/api/presentation/3/context.json","id":"https://iastate.aviaryplatform.com/iiif/z02z31pd2h/manifest","type":"Manifest","label":{"en":["Breimyer, Harold F. and Harold L. Oppenheimer, Family or Corporate America"]},"logo":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/004/original/ISULogo.png?1601681107","metadata":[{"label":{"en":["Preferred Citation"]},"value":{"en":["Family or Corporate America. Iowa State University Lecture Series (RS 8/6/53). Special Collections and University Archives, Iowa State University Library, Ames, Iowa."]}},{"label":{"en":["Publisher"]},"value":{"en":["Iowa State University. Special Collections and University Archives"]}},{"label":{"en":["Rights Statement"]},"value":{"en":["There are no restrictions on access. (access)","This item is protected by copyright and/or related rights. 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chattering)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=11.629,13.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e We're real pleased to see that we have a good turnout,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=13.16,16.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's very gratifying.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=16.61,18.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'd like to take just a few moments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=18.71,19.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"before tonight's presentation to welcome you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=19.94,22.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to our second night of the 1979 Institute on World Affairs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=22.47,26.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Again, we'd like to thank GSB","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=26.32,28.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for their support of the Institute,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=28.07,30.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and again for you for coming out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=30.42,32.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And not the best of weather,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=32.16,33.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but certainly has been better than what we have had.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=33.9,36.523"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"First reminder about tomorrow's activities,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=37.58,40.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there'll be a film and discussion at noon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=40.34,42.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"here in the gallery.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=42.17,43.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The film will be \"Taxes, Taxes,\" followed by a discussion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=43.45,47.073"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And tomorrow night's guest lecturer is Lester Thurow,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=48.59,52.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he will address himself to \"Who Owns 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events.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=64.04,64.873"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there will be an information booth","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=64.873,66.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"open all week long downstairs, usually from 10:00 to 2:00.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=66.54,71.203"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tonight's topic is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=73.57,74.407"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"The Family Farm or Corporate America,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=74.407,76.927"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Who Will Serve Supper?\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=76.927,78.247"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we have with us General Harrell Oppenheimer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=79.64,82.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from Oppenheimer Industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=83.82,85.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Their main emphasis is in agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=85.86,87.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and livestock investment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=87.65,89.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they have a 69-year history in the business.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=89.14,92.463"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Also with us is Dr. Harold Breimyer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=93.31,96.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who is a professor of economics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=96.47,97.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the University of Missouri.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=97.92,99.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Professor Breimyer has been active in several capacities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=99.7,103.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the U.S. Department of Agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=103.1,105.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'd like to thank both gentlemen for being with us tonight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=106.75,110.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And our format will be a introductory speech","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=110.35,113.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by each of the participants,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=113.79,115.98"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"followed by a short rebuttal from each.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=115.98,118.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then we'll open it to questions from the 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longer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=141.91,145.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm sure that afterwards if you still have questions,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=145.59,148.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that each will avail himself to 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remarks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=156.42,158.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and first off General Oppenheimer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=158.31,160.763"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience 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country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=176.4,179.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the implications of foreign investment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=179.67,184.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the U.S agricultural land.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=184.11,186.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I have a set speech, or it became a set speech","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=186.84,191.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I could deliver, drunk or sober,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=191.77,195.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or standing on my head.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=195.02,196.483"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"However, last night my wife said \"Larry.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=197.66,202.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"She said, \"You're not gonna be giving your regular speech,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=203.62,208.587"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"you're supposed to be speaking in Ames, Iowa,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=208.587,211.647"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"on the role of the family farm versus the corporate farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=211.647,216.647"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"And it's gonna be a debate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=217.902,219.882"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"And I think you're supposed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=219.882,220.715"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"to be supporting the corporate farm.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=220.715,223.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, that came as a big surprise and a shock.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=223.24,226.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So in a hurry, beginning about the 10 o'clock this morning,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=226.94,230.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I tried to prepare a few remarks on the subject.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=230.89,234.153"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not wishing to ruin the dramatics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=236.41,240.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of a confrontation with professor Breimyer here,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=240.64,245.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would like to state first off","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=245.47,248.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that for the good of the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=248.21,251.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think the 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firm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=256.51,259.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as being a principal source of investment capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=259.37,264.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for this small family farmer and rancher","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=264.1,267.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been as influential as anybody else","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=267.81,271.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in helping preserve the small farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=271.44,274.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the small farmer, and the small rancher.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=274.93,278.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As a sideline, I spent the greater part","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=279.54,283.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of my adult life in the United States Marine Corps.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=283.22,286.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And historically, almost all of our officers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=286.67,290.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a majority of our noncoms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=290.38,292.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a disproportionately high percentage of our recruits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=292.3,296.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"came from the rural areas of the West and the South.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=296.19,299.423"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There has to be an exception to everything","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=300.35,304.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I personally have never seen a Marine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=304.4,307.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who came from one of the rural areas","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=307.66,309.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of Wyoming, Nebraska, Iowa, Missouri or Kansas,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=309.83,314.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who wasn't an outstanding man and a credit to his country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=314.57,319.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a contribution to the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=319.25,322.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that cannot be measured in dollars,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=322.17,324.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but is nonetheless not something that can be ignored.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=324.4,327.763"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now before one can solve a problem,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=330.04,333.023"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the first step is to know what the problem is.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=333.88,336.883"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is the Boswell Corporation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=339.78,342.893"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the largest farming operation in California","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=345.28,348.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with 200 million bucks worth of land, capital,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=348.96,352.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cattle, and equipment, all owned by a single family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=352.77,357.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with no outside stockholders, a family farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=358.49,362.863"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is Tom Smith's operation out in Scottsbluff Nebraska,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=365.79,370.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"run by himself, his two sons and a daughter on 1000 acres,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=372.23,377.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"leased from a banker in Dusseldorf Germany,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=379.56,382.783"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"plus 500 acres leased from the widow of a neighbor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=384.01,388.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"plus 640 acres of a school section","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=388.27,391.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"leased from the government,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=391.89,393.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with half of his cattle being run on contract","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=393.92,397.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for a doctor from New York,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=397.53,399.313"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is this a family farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=400.17,402.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tom uses no outside help on the place","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=403.37,406.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"other than his children,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=406.55,408.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"except he does have his wheat put up in July","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=408.23,411.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by a custom harvesting team operating out of Omaha.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=411.28,414.513"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tom makes a good living, sends his kids to top colleges,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=415.55,420.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and hopefully we will get one of them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=420.02,421.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to join the Marines.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=421.54,423.361"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=423.361,426.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tom is trying to expand by getting more land to lease","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=426.41,431.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and more cattle to run on contract.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=432.52,434.653"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He keeps his relatively limited amount of capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=435.82,438.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"intact as best he can","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=438.77,440.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for investment in equipment and operating capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=440.86,444.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And he's doing everything he possibly can","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=444.39,447.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to avoid paying a banker or an insurance company","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=447.39,450.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"11% interest on the mortgage.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=450.8,453.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"His ambition in life is to get big enough","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=453.71,457.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to compete with Boswell.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=457.44,459.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Seriously, while this is a hypothetical situation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=461.95,466.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we have been involved","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=466.35,467.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with at least 400 such ranchers are farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=467.47,470.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"over the years who fit Tom Smith's picture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=470.47,473.423"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What is a small farmer or rancher faced with today?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=477.37,480.623"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He's got two problems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=481.67,483.193"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One, he has to expand to a size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=484.15,487.663"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is economically competitive in the industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=487.663,490.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as it exists in January, 1979.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=491.47,494.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we're not talking about 1890,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=494.86,497.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we're not talking about 1950.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=497.33,499.543"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Two, he needs to obtain the capital for this expansion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=501.06,506.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at a rate that is not going to be prohibitively expensive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=506.42,509.903"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We've done a lot of theorizing so far.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=512.29,515.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now let's get down to the actual numbers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=515.45,517.623"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In my opinion, nobody engaged in green production","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=519.56,523.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the United States can give his family a decent living","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=523.53,527.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or can afford modern farming equipment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=528.76,532.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on less than 300 acres.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=532.1,533.963"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At 2,000 bucks per acre, this is $600,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=536.22,540.713"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A complete line of farming equipment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=542.76,544.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and associated buildings will cost $100,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=544.88,548.467"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you need $100,000 of operating capital,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=549.599,553.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and all together this comes to an investment of $800,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=553.63,557.683"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The banks and insurance companies are not going","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=558.92,563.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to loan you more than $500,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=563.22,566.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they are going to require 10% interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=566.78,571.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and 5% amortization for a total debt service","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=571.3,575.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of $75,000 per year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=575.5,578.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is what it's gonna take to support their loans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=578.66,581.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's for 500,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=583.537,585.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You need another 300,000 in equity capital,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=585.44,588.563"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"unless you had a wealthy father or married a rich wife.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=589.64,594.153"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Two acceptable alternatives.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=595.64,598.054"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience 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prices,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=603.91,606.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which opened up a new ballpark, you had to have a minimum","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=606.0,610.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of a 500 cow herd to be competitive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=610.74,613.443"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In Nebraska, this takes a 5,000 acre ranch.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=614.65,618.933"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A total investment in land, cattle, equipment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=620.12,624.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and operating capital comes to about 1.5 million.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=624.8,628.823"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This time, if you're starting out,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=629.98,632.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you need an even wealthier wife.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=632.05,633.883"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How can you avoid the friendly clutches","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=636.81,640.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the local banker who wants 10% interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=640.71,644.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a 25% compensating balance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=645.36,648.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which you may or may not have?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=648.19,650.063"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Incidentally, a 25% compensating balance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=652.01,657.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is like paying 13% interest.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=657.26,659.993"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Unfortunately today, that is only 1.5% more","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=660.85,665.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than general motors is paying.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=665.8,667.443"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How do you get capital without borrowing?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=671.58,673.783"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Several alternatives outside of robbing a bank.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=676.89,679.403"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One, first you can form a corporation or a partnership","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=680.44,685.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and take in outside stockholders or partners.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=685.05,688.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is the way General Motors does it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=688.52,690.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's hard to do in farming.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=691.37,693.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Second, you can lease land on a cash lease","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=695.63,700.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at three to 4% of its market value.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=701.3,704.053"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is the way Safeway stores","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=706.41,708.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been doing it for 40 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=708.21,709.993"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's better than paying the equivalent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=711.41,713.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of 13% to your banker.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=713.41,715.293"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you want to pay more and get the guy in Dusseldorf","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=716.28,720.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to take part of the risk,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=720.07,721.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you might get into a sharecrop lease with them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=721.72,724.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a second means of getting outside capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=724.95,728.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Leasing land, instead of buying it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=728.65,731.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Third, if you're in the cattle business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=733.32,736.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or the feeder business, you can partially stock your ranch","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=736.23,739.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or feed lot with tenant cattle.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=739.45,741.173"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let the New York doctor pay 13% to his banker.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=745.231,749.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Don't you do it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=749.41,750.243"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In addition, while it's pleasant owning","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=751.26,753.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the cattle on the ranch when the market goes up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=753.61,756.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it is also nice to have someone else share the risk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=756.94,760.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when it goes down.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=760.12,761.303"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For 100 years, small family farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=764.22,768.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and ranchers have acquired the use of capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=768.05,771.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from these sources in order to compete","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=771.58,774.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the large farmer and the corporate farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=774.3,777.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is not something new.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=777.31,778.993"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If the issue as between the Boswell family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=781.13,785.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and Tom Smith is not one of land tenure and ownership,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=786.15,791.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but of size, are we really saying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=791.26,794.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we want to limit the size of farmers or ranchers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=794.97,799.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether they are owned by one family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=799.04,801.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or a public corporation?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=801.76,803.483"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a different issue.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=805.33,806.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If so, what size is it desirable to set the limit on?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=807.72,812.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Do we want to bring in the Sherman Antitrust Act","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=814.31,816.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is on the books?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=816.77,818.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At what level?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=818.7,819.623"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"2,000 acres?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=821.4,822.593"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"2,000 cows?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=823.63,825.003"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"160 acres of irrigated land","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=825.97,828.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that uses public water?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=828.17,829.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Problem in the San Joaquin in California.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=829.82,831.873"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These are different questions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=832.98,835.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which I am not adequately prepared to discuss.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=837.09,840.923"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'd be glad to talk about them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=843.02,844.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I do not have an adequate background","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=844.32,846.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for discussion of those questions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=846.64,848.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What size do we want to put a limit on a farm or a ranch?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=848.5,853.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is not a question of who owns it, okay?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=853.5,857.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=857.74,858.573"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=860.246,863.246"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Now we'll turn to Professor Breimyer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=869.04,871.003"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e General Oppenheimer considerately did not take","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=875.14,878.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"too much of your time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=878.34,879.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I talk faster than he does","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=879.38,880.667"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I think I can equally brief","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=880.667,882.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so we can have some discussion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=882.59,884.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll hit some points rather quickly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=884.51,887.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not that it really matters,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=887.13,888.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but General Oppenheimer did pronounce my name","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=888.39,890.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the long I, which do, I'm Breimyer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=890.14,892.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I'm an agricultural economist, not a general economist.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=892.76,895.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I am in both teaching and extension at Massouri.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=895.23,898.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These are a fascinating four days in your program.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=898.47,900.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Gee, it's wonderful.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=900.87,902.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"General, you must be a real attraction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=902.03,905.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I can't get an overflow of cows,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=905.14,906.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so it must've been your credit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=906.64,907.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they actually had to get chairs out here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=907.88,911.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As much to the credit of all of you for coming,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=911.03,913.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I hope you'll come these four days.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=913.9,915.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It should be a fascinating experience for you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=915.43,917.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not to be slightly negative,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=918.75,920.856"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I'm not real sure just what you will learn.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=920.856,925.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Learning is a painful process.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=925.47,927.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And most of us cherish the ideas we have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=927.75,930.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and carry around with us,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=930.46,931.627"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we don't relinquish them very easily.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=931.627,934.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm not sure whether you're gonna go","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=934.82,936.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"out of here tonight with any different set","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=936.15,938.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of ideas and observations you had when you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=938.01,941.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or Thursday. than you have now are not.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=941.16,943.823"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I even work hard with my students,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=944.88,946.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"getting them to change some of the ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=946.35,947.499"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they look at things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=947.499,949.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what you will learn these five days is quite a bit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=949.18,952.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the identity of the people whom you listen to.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=952.44,955.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you're gonna find that each one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=955.72,957.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of us in economic language is a differentiated product.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=957.05,960.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Each of us has different things we're gonna present,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=960.15,963.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"different personalities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=963.47,964.893"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is true of economists,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=967.2,968.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's true of political scientists, it's true of managers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=968.28,971.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's true of sociologists.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=971.09,973.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm not sure whether this is good.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=973.24,975.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm afraid that what we're doing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=975.83,977.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think maybe increasingly is drifting","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=977.16,978.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into categorical possessions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=978.96,980.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Everybody has his own school of thought","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=980.84,983.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this is it, and never the two or three shall meet.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=983.35,986.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In economics for example, there's the Freedman monetarists,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=986.17,989.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and boy they think...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=989.56,990.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What's that called? Sectarianism.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=990.6,992.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Freedman monetarist.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=992.82,993.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Chicago school, which is closely related.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=993.79,996.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Keynesians now are sort of in hiding.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=996.43,998.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So now what we-","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=998.86,999.768"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=999.768,1001.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So we have the post-Keynesians.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1001.6,1003.817"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1003.817,1005.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The institutionalists have revived.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1005.79,1008.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now the Marxists.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1008.54,1010.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We've got such a situation now where it's now respectable","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1010.27,1013.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"again for the Marxists group to sail on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1013.53,1015.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Marx did have some ideas after,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1015.67,1016.503"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you're gonna hear from one I think.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1016.503,1018.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it's rather too bad","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1018.02,1019.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we can scarcely communicate among ourselves,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1019.68,1023.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"each holding to his own true gospel.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1023.38,1026.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But that's one of the things you're gonna find these days,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1026.67,1028.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that each person's gonna see the world differently.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1028.69,1030.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, what am I?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1030.99,1033.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, I guess maybe if it would help you a little bit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1033.42,1035.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think maybe I'm an agrarian traditionalist.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1035.61,1037.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, you can decide that for yourself.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1037.97,1040.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, General Oppenheimer has said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1040.4,1042.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's something about confrontation and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1042.14,1045.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not much for confrontation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1045.44,1047.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"dramatics of confrontation, whether we get this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1047.06,1049.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not too much for debate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1049.24,1050.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't really have that kind of an instinct.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1050.87,1053.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I'm going to my subject real quickly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1054.8,1056.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then we'll see what happens.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1056.35,1058.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What's involved in the subject","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1058.28,1059.603"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what kind of an agriculture we're gonna have?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1059.603,1062.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What's happening, and then does it matter?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1062.17,1065.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Rather quickly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1065.74,1067.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm speaking pretty much following","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1067.14,1070.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about seven or eight years,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1070.64,1072.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the extension of agricultural economists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1072.16,1075.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the Midwestern States, including those at Iowa,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1075.02,1077.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Iowa state here,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1077.67,1078.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have joined for about five or six years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1078.73,1080.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"dealing with what I think is the number one policy issue","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1080.92,1083.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in agriculture, namely,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1083.32,1084.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what type of an agriculture we're gonna have?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1084.29,1085.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We thought of who's gonna own and control?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1085.96,1088.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then this fall, we had in our campus a seminar,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1088.38,1092.137"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Can the Family Farm Survive?\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1092.137,1094.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1094.21,1095.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And pretty much what I'm gonna say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1095.43,1096.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is what came out of the seminar","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1096.87,1098.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we had some very interesting speakers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1098.18,1100.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm gonna go down through it rather quickly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1100.79,1102.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The agricultural tradition is deep","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1103.92,1106.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the American heritage.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1106.28,1107.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it's a genuine tradition in our country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1107.86,1111.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Early days of the country,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1111.03,1112.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we started off in several directions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1112.09,1113.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the New England's kind of small farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1113.8,1115.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course, the original Virginia farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1115.73,1118.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many of them are plantations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1118.38,1120.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the Southwest we got the Hacienda.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1120.07,1122.423"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But after a period of time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1123.93,1125.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we seem to settle on the idea","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1125.31,1126.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we did want to have the individual proprietorship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1126.9,1130.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's come to be known whether loosely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1130.21,1131.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1131.61,1132.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course Thomas Jefferson","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1132.65,1133.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the main spokesman for this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1133.73,1135.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wanna speak very respectfully of this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1135.92,1137.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I am something of a traditionalist.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1137.68,1139.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Very respectfully of this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1139.11,1140.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because these people facing a new continent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1140.33,1143.153"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"were fresh from the European experience,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1143.153,1146.521"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the feudal experience.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1146.521,1149.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the sense what they said 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America,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1152.983,1155.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"democratic republic, the man or woman who works","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1155.53,1158.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the soil shall be able to hold his head high.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1158.5,1161.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It had to do with the status, not the economics.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1161.94,1165.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The status of the person who tills the soil","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1165.26,1167.932"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and tends the herds.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1167.932,1169.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because in feudal Europe,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1169.57,1170.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they were the lowest on the totem pole.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1170.92,1172.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And our forefathers said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1172.7,1173.647"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We aren't gonna have it that way in this country.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1173.647,1175.187"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course, as everyone knows,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1175.187,1177.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the primary, the most explicit of all of the actions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1177.15,1180.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on this was the Homestead Ac,t was 160 acres,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1180.22,1183.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and if you'll farm it, and so on, so forth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1183.28,1184.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now this is well known, so I won't take much time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1184.92,1187.293"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"To save time I'm gonna go very quickly through this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1188.46,1191.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/385","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What do we mean by it?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1191.87,1193.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/386","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now my definition, or the definition we used in our seminar","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1193.66,1197.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will differ a little bit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1197.37,1198.203"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from General Oppenheimer's more specifically.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1198.203,1200.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We define it and you have to be rather maybe careful.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1202.38,1207.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't want to play numbers game","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1207.0,1208.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about exactly where the cutoff point is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1208.54,1210.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I say you have to be faithful to a concept","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1210.33,1212.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or the whole thing just disappears.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1212.47,1214.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The family farm is one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1214.56,1216.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in which the operator plays three roles.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1216.26,1220.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He is the worker.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1220.99,1223.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He is the manager,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1223.09,1224.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he is at least an owner of part of the land.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1224.24,1226.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, this is where General Oppenheimer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1226.55,1228.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"used a little bit different,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1228.15,1229.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because he talked about having outside capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1229.11,1231.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the ownership of the land.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1231.73,1233.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I do not say the family farmer can not be a tenant","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1233.57,1237.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for his first few years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1237.02,1238.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I do not say that he has to own all the land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1238.22,1240.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but our group, the Midwest economists,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1240.58,1242.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"were rather firm in 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heritage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1247.3,1249.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what we have meant in this country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1249.02,1250.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in terms of a family farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1250.86,1252.682"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And providing the labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1252.682,1255.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We say, therefore, the family must provide half","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1255.35,1257.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or more of the labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1257.56,1259.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And since this is true,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1259.29,1260.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have to put some kind of a limit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1260.66,1262.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the limit would be in terms of man-years of labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1262.42,1265.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I agree with the general,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1265.22,1266.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you don't put in terms of acreage or number of livestock.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1266.27,1270.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we say at the outside, two man-years of family labor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1270.27,1273.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and two man-years of hired labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1273.7,1275.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Although a number of our people said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1275.4,1276.427"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/423","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one and a half should be the limit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1276.427,1277.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/424","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One and a half man-years of family labor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1277.89,1279.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and one and a half man-years of hired labor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1279.7,1281.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the maximum size of the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1281.78,1284.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/427","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But you have to stay with something like this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1284.41,1286.793"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/428","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You talked about the big one in California.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1287.74,1289.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"California is always the example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1289.99,1291.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I use this many times.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1291.41,1292.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was in a meeting not so long ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1292.53,1293.821"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and there's a lady.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1293.821,1294.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I hate to say it, but she was pretty brassy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1294.97,1297.183"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"She told me what the issues were in agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1297.183,1300.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/435","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was a speaker but she was telling me,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1300.63,1302.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/436","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but that's all right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1302.21,1303.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/437","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what she says is I'm a family farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1303.29,1305.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/438","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if I remember, she had 30,000 irrigated acres","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1305.66,1309.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the Imperial Valley, she and her husband.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1309.04,1311.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Says she's a family farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1311.66,1313.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm sure they hired Mexican-Americans by the hundreds.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1313.25,1316.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm sure also the whole thing operates","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1316.6,1318.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on free water coming from the federal government.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1318.64,1321.313"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've never found anybody","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1322.71,1325.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who didn't call himself a family farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1325.02,1327.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if you do that, then the whole thing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1327.13,1328.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the problem vanishes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1328.64,1330.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we get extensionist that said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1330.17,1332.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have to stay with his pretty, pretty sharp.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1332.03,1334.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What is happening?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1334.56,1335.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No question about it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1335.74,1336.573"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're moving to a duo agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1336.573,1338.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're moving to an agriculture in one side,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1338.61,1340.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have many very small farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1340.53,1342.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/455","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a few very large farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1342.64,1344.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/456","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The gap in between is where the family farmer used to be,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1344.52,1347.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he is gradually fading out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1347.02,1348.713"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have great many small farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1349.58,1351.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We don't have so many of the larger farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1351.41,1353.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but one of the statistics of it is now, 1977,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1353.57,1356.653"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the 50% smallest farms marketed is 3% of all the products,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1358.594,1363.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the largest 1/4 market 85.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1363.12,1365.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what's more significant is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1365.33,1366.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/464","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that number keeps going up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1366.5,1367.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/465","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Relatively we're concentrating more and more.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1367.83,1369.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/466","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We often have the image","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1369.68,1371.138"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/467","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of agriculture being mostly the typical family farmer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1371.138,1374.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/468","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on 120 or 240, or 300 acres, that's all right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1374.33,1378.226"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/469","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Depending where you are, it varies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1378.226,1380.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"East could be fewer, West more.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1380.36,1382.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But anyway, on an ordinary farm, full-time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1382.28,1385.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/472","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"income only from farming,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1385.84,1387.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/473","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and to be ungrammatical about it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1387.49,1388.377"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can't hardly get that kind no more.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1388.377,1391.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The great numbers are the little tracks outside from cities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1391.4,1394.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/476","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The great volume is on farms that are of some size,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1394.84,1397.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/477","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and larger than family farm is one of the categories.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1397.74,1400.403"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/478","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Estimates are pretty clear, at least 10% of all marketings","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1401.84,1404.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/479","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"come from truly industrial-type corporations farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1404.42,1407.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/480","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The big feed lots, the first colony farms in North Carolina.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1407.14,1410.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/481","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tenant, co and land make up 10%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1410.77,1413.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/482","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Contractual integration is 15%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1413.12,1416.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/483","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think the true family farm is now less than half.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1416.26,1419.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I do not agree that a majority comes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1419.41,1421.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/485","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1421.23,1422.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/486","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And at least 20%, probably 25,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1422.65,1424.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/487","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"comes from the larger than family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1424.7,1426.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/488","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is not the big corporate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1426.41,1427.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/489","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but just simply the multiple unit farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1427.68,1429.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/490","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Mr. Benedict of Time Magazine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1429.21,1430.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/491","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a good example if you read that story","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1430.9,1432.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/492","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"shortly before Christmas.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1432.75,1433.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/493","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the growing part.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1433.9,1435.113"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/494","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Why are these changes taking place?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1438.15,1440.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're moving to a large corporate agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1440.63,1443.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Slowly not fast, but slowly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1443.24,1445.663"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/497","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Just as the whole economy is going that way.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1446.64,1449.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/498","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Why are taking place?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1449.06,1450.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We said there's several reasons.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1450.01,1451.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We do not think it's technology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1451.41,1452.98"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We think that technology is adequate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1452.98,1454.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the average family farm as well as for the large one.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1454.61,1456.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We do not think that there's any necessary difference","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1456.34,1459.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or appreciable difference.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1459.34,1460.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We think it's financing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1460.99,1462.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And without taking time to go into all of it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1462.78,1465.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that even the financial cost on operation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1465.34,1468.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And here with General Oppenheimer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1468.14,1469.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the issue is where they get the capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1469.8,1471.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The issue, is where's the capital coming from","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1471.78,1473.557"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and what are the terms?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1473.557,1474.893"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He says let it come from off the farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1475.77,1478.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm saying, if you do that, you don't have the family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1478.1,1480.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the traditional sense.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1480.99,1482.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can still have the operator","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1482.35,1483.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"fully in charge of operations,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1483.59,1484.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but he doesn't own the land, he leases it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1484.82,1487.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is one of the possibilities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1487.56,1489.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you'll live very well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1489.65,1491.268"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/520","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll say in the moment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1491.268,1492.101"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/521","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you're not gonna affect productivity very much","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1492.101,1493.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/522","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it can work real well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1493.7,1495.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/523","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's a question of what kind of a country you want.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1495.12,1497.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What's your image, what's your goal?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1497.74,1500.002"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the second and biggest reason, our tax rules.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1500.002,1503.183"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/526","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I know General Oppenheimer knows I'll come to that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1503.183,1505.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/527","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've argued with Ron Jarvis about this and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1505.05,1508.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He is a very good manager of the lands.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1508.53,1510.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I've read his cowboy arithmetic,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1510.83,1512.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and much of the cattle money came from tech shelter.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1512.41,1516.093"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The only sharp language I'm gonna use,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1519.27,1521.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because I get really provoked about it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1521.19,1523.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Every time I go out somebody talks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1523.48,1525.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about a free enterprise economy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1525.0,1526.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I said, \"Don't say that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1526.34,1527.327"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Ours is not a free enterprise economy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1527.327,1529.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"It's an enterprise economy, but not free.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1529.01,1531.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You cannot have a free enterprise economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1531.49,1533.037"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with a high tax economy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1533.037,1535.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because whenever you have a high tax economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1535.24,1537.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the terms of levying taxes becomes a major consideration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1537.61,1541.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the organization and management of economic affairs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1541.45,1545.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what you've had is an enormous kind of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1545.35,1548.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in-time tax subsidy by income tax write off.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1548.6,1550.957"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the significant thing about this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1550.957,1552.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you haven't studied this and economics and so on,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1552.65,1555.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/547","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the significant thing that has direct subsidy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1555.05,1558.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/548","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as through your deficiency payments is proportional","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1558.24,1560.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/549","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the size of the 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program","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1601.66,1603.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that makes capital available to young farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1603.13,1605.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/569","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And by the way the New Farmers Home Administration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1605.21,1607.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/570","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has a very small, tiny program on a very selective basis.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1607.09,1610.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Will finance a few young farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1610.65,1612.143"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on a really very generous basis.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1612.143,1614.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Either that or you have the 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sources?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1618.37,1620.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/576","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this was really pretty much","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1620.08,1621.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what the issue is about.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1621.27,1622.533"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What does it matter?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1624.77,1626.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've already said a moment about 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respect.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1630.521,1633.113"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All our economists has said in terms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1634.02,1635.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of having enough food for all the people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1635.81,1637.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the United States, we think it doesn't matter.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1637.64,1639.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our resources are so great,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1639.99,1641.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we're still are far short","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1641.57,1643.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of using all our productive resources.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1643.0,1645.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That we're gonna have enough food and fiber","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1645.29,1647.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for our people and for export irrespective,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1647.21,1649.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because the big operation's well-managed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1649.74,1653.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/591","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're productive too.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1653.11,1655.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/592","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's back to your really your sociopolitical goals.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1655.21,1658.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/593","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Concept of status, concept of,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1658.95,1660.903"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/594","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what do you want the man on the land to be?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1662.799,1664.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/595","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Also the 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managed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1674.27,1677.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you change the fabric of the local community.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1677.53,1680.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/601","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because our most of our rural communities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1680.05,1681.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/602","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had been built upon the family,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1681.6,1683.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/603","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and particularly in Iowa and the Midwest,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1683.79,1685.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/604","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had been built upon the individual family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1685.49,1688.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/605","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the service industries that go with 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industries,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1695.1,1696.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/608","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not only with the status of the farmer be changed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1696.07,1698.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/609","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some of the income of course will be taken off","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1698.99,1700.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/610","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because instead of having the incomes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1700.75,1702.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/611","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from all three roles, the farmer will have income","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1702.25,1704.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/612","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from only one or two roles.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1704.69,1705.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/613","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the other income will go off away from the locality.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1705.99,1708.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/614","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then in a really large agribusiness agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1708.96,1712.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/615","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or corporate agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1712.08,1713.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/616","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"while your service industries will be located","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1713.6,1716.534"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/617","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the big cities, they will not be scattered","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1716.534,1718.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/618","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"among the county seat towns as you have now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1718.96,1721.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/619","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Here again, I'm not arguing for or against.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1721.21,1723.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/620","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm willing to, but I don't think that's my role here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1723.99,1727.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/621","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What I'm saying is that the consensus","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1727.44,1729.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/622","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the people whom I've worked with,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1729.37,1731.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/623","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who've worked at this say these are the considerations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1731.0,1734.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/624","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now there's only one other, and even though...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1734.02,1737.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/625","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't wanna make this a scare tactic,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1737.16,1739.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/626","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but almost all urban groups I've talked with will say.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1739.61,1742.337"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/627","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"What would happen if you converted all agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1742.337,1744.507"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/628","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"just to relatively few corporations?\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1744.507,1747.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/629","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But as I said, then of course you'd have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1747.01,1748.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/630","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an oligopoly agriculture, and we aren't even close to that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1748.64,1752.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/631","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But of course, if you went all the way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1752.33,1754.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/632","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you wanna be a little bit scary, but went all the way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1754.12,1756.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/633","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then of course you would have a kind of oligopoly power","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1756.1,1759.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/634","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the supplying of food","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1759.18,1760.626"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/635","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you aren't even close to having now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1760.626,1763.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/636","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then of course you would have some chance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1763.18,1765.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/637","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the increased prices of food,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1766.14,1768.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/638","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"protecting incomes to agriculture quite well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1768.25,1771.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/639","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And almost all surveyed, to my knowledge,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1771.13,1774.62"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/640","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all surveys made of urban people will show the urban people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1774.62,1777.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/641","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be just as much in favor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1777.79,1779.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/642","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of our traditional agriculture as farmers are,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1779.21,1781.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/643","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for somewhat different reason.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1781.78,1783.437"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/644","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One reason is they like the image","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1783.437,1784.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/645","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the independent, sturdy farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1784.95,1787.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/646","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Kind of nostalgic, but still it's genuine.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1787.24,1789.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/647","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the second is a little bit afraid","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1789.59,1791.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/648","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what might happen to the price of food,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1791.12,1792.932"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/649","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if agriculture and the food system","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1792.932,1794.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/650","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"got into relatively few hands.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1794.92,1797.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/651","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now let me correct any misimpression I may have given.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1797.24,1800.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/652","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't think anything General Oppenheimer said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1800.0,1801.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/653","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had to do with concentrating in a few hands,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1801.79,1804.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/654","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I'm saying that is one possible picture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1804.42,1807.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/655","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that some people have in mind.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1807.64,1809.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/656","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so that is one slight negative.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1809.77,1811.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/657","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the main points that we've talked about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1811.4,1813.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/658","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is really, what about the American dream?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1813.45,1817.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/659","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What about, does it matter what the role may be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1817.6,1822.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/660","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the person who provides your food and fiber?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1822.15,1823.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/661","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you very much.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1823.99,1825.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/662","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1825.91,1828.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/663","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e General Oppenheimer, would you like to respond?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1834.04,1835.743"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/664","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e It's a matter of a philosophy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1843.14,1844.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/665","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in our differences of opinions here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1846.03,1847.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/666","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll repeat back.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1851.3,1852.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/667","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you, and I think this probably would apply","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1852.77,1855.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/668","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to maybe half the people in the room here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1855.88,1858.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/669","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you have not got a family farm at the present time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1858.43,1862.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/670","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or one that is adequate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1862.25,1863.723"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/671","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you have brothers and sisters","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1865.09,1866.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/672","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who will inherit part of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1866.88,1869.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/673","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So you are going to 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20s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1876.1,1879.193"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/676","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You are going to have, if you want a decent operation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1881.21,1884.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is economically feasible,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1884.67,1886.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you're gonna have to somehow get about $800,000 together.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1886.49,1890.583"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, it's fine to preserve a family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1893.162,1896.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what about a lot of young guys","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1896.25,1898.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as I say with brothers and sisters","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1898.79,1900.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who want to become a family farmer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1900.79,1903.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and are not going to inherit a family farming combination.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1903.43,1906.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They are not going to inherit the $800,000 necessary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1906.69,1910.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So they want to become, they wanna enter the business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1910.29,1913.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and become a family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1913.65,1914.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/687","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Okay, 800,000 bucks, it's the price tag.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1914.78,1918.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/688","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How do you get the money?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1918.51,1919.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Right now, as I mentioned,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1921.63,1922.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/690","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can find people who will buy the land next door","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1922.96,1927.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to your farm so you can expand","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1929.34,1932.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/692","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and rent it to you at 3% net.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1932.41,1936.933"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/693","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You might have to pay four,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1938.46,1940.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/694","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you can probably get it at three to 4% net rent.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1940.11,1944.943"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/695","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Why are they willing to make an investment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1945.93,1950.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/696","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and only get a three to four?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1950.47,1953.003"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/697","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Might've inherited so that you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1960.43,1962.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/698","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can start competing on this market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1962.12,1964.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/699","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So there is some advantage to you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1964.56,1967.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/700","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be able to have access","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1967.81,1970.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/701","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to this outside capital at cheaper than the 11 to 13%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1970.05,1975.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/702","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you will have to pay the normal commercial sources","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1976.34,1979.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/703","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you borrow it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1979.32,1980.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/704","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now if a family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1983.55,1986.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/705","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which I consider highly desirable is going to now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1986.54,1991.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/706","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're now getting into a different field","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1991.11,1992.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/707","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as I ended my little discussion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1992.81,1994.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/708","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're not talking about who owns the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1994.54,1997.648"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/709","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Boswell family own their family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=1997.648,2002.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/710","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Professor Breimyer's friends in the Imperial Valley","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2002.47,2005.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/711","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"presumably owned their 30,000 acres.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2005.95,2008.453"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/712","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They are not a family farm because they are now so big","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2009.32,2013.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/713","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they are employing great quantities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2013.07,2014.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/714","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of outside people and great quantities of machinery,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2014.99,2018.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/715","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and great quantities of this, that, and the other thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2018.43,2020.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/716","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the size has now entered into the subject.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2020.87,2025.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/717","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the question is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2025.34,2026.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/718","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where should we take political action if necessary?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2026.68,2030.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/719","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there are all kinds of things","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2030.15,2030.983"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/720","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that can be done to restrict the size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2030.983,2034.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/721","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of farms or ranches getting any bigger.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2034.02,2036.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/722","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At what point do we want to stop them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2036.72,2040.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/723","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to hinder them, and keep them from getting any larger?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2040.3,2043.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/724","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If that is what we're discussing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2043.47,2045.2"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/725","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because after they get to a certain size,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2045.2,2047.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/726","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they are no longer a family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2047.67,2049.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/727","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and therefore no longer desirable,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2049.81,2052.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/728","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"regardless of whether one family owns them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2052.16,2054.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/729","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or whether several families own them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2054.65,2056.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/730","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or whether a corporation owns them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2056.61,2058.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/731","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're now talking about a different issue.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2058.25,2060.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/732","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How restrictive should we be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2060.63,2063.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/733","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as a matter of philosophy, not economics, philosophy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2063.15,2066.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/734","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there's nothing wrong with philosophy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2066.54,2068.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/735","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As a matter of philosophy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2068.47,2070.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/736","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how restrictive should we be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2070.5,2072.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/737","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the good of the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2072.29,2074.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/738","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in limiting the amount of land or labor, agricultural labor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2074.19,2079.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/739","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that can be employed on one operation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2079.3,2081.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/740","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether it's owned by one man or a corporation?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2081.84,2084.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/741","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That is a different issue","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2084.92,2086.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/742","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and one that we will address ourselves to right now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2086.33,2089.303"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/743","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If a family farm is defined as one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2091.5,2096.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/744","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in which half of the existing labor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2096.54,2099.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/745","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is furnished by the family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2101.1,2102.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/746","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and only one additional hired hand,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2103.87,2106.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/747","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or a hired hand and his family is employed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2106.79,2109.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/748","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's the definition, that's","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2110.42,2113.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/749","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a position to take.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2114.97,2118.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/750","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That would mean normally today, 400 acres,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2118.13,2122.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/751","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"presumably under cultivation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2122.54,2124.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/752","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a cattle herd of four or 500 head.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2124.83,2127.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/753","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One thing about a cow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2127.8,2129.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/754","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that she never knows whether it's Saturday or Sunday.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2129.01,2132.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/755","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So consequently, if you wanna get Saturday","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2132.46,2135.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/756","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and Sunday off once in a while,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2135.41,2137.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/757","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you don't have children that can hold a fort,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2137.52,2139.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/758","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"even a three or 400 head herd is gonna take two people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2141.93,2145.143"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/759","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So if you get up to six or 700 head,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2146.07,2149.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/760","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have now gotten beyond the limits of a family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2149.1,2152.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/761","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as so defined.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2152.71,2153.843"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/762","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I'm not arguing this point.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2154.71,2156.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/763","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I just am asking everybody to recognize it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2156.84,2159.433"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/764","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And maybe there's an element of a value to it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2160.82,2164.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/765","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is it desirable in the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2164.75,2167.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/766","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that nobody be permitted","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2167.47,2169.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/767","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under a single control to farm over 500 acres,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2169.79,2173.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/768","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or to have a cattle herd over 700 head?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2173.78,2177.223"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/769","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are various ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2178.29,2180.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/770","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of ensuring that that will take place.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2180.32,2183.343"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/771","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One would be to put restrictive taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2184.26,2188.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/772","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on anybody that exceeds that amount.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2188.92,2190.913"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/773","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Another, as is happening in the California right now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2192.26,2197.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/774","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they're enforcing a 70 year old law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2197.53,2201.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/775","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that anybody using public water,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2201.08,2205.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/776","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"water from a public project that was built","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2205.01,2207.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/777","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by US citizens' income taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2207.37,2209.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/778","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is restricted to not having","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2211.71,2213.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/779","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"more than 160 acres under irrigation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2213.47,2216.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/780","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's got California in a state of considerable uproar,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2216.32,2220.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/781","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and also a few other states.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2220.28,2221.733"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/782","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If this is a public policy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2223.76,2226.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/783","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if this is desirable, there's nothing wrong in it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2226.31,2230.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/784","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is why we elect congressmen","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2230.07,2232.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/785","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and why we hire people to advise us.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2232.42,2235.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/786","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And maybe it's a good policy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2235.64,2237.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/787","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I personally do not think it is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2237.04,2239.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/788","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but if this is what needs to be done, fine.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2239.41,2242.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/789","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So if we have make the decision","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2242.86,2246.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/790","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we find it philosophically, not economically.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2246.82,2251.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/791","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Philosophically desirable to not have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2251.07,2255.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/792","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"any agricultural enterprise cultivating","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2255.32,2258.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/793","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"more than 500 acres of land or 700 cows,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2258.5,2262.393"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/794","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is a subject that could be reviewed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2264.25,2267.373"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/795","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2267.373,2268.206"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/796","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2269.973,2272.973"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/797","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Dr. Breimyer, would you like to respond or?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2275.0,2277.505"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/798","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e As I remember...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2277.505,2278.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/799","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is this on?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2278.36,2279.193"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/800","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As I remember from high school,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2280.303,2281.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/801","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"only the affirmative got some rebuttal.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2281.5,2283.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/802","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The negative does not.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2283.36,2284.193"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/803","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Isn't that right, in debate?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2284.193,2285.482"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/804","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2285.482,2287.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/805","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll get my points in during discussion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2287.39,2289.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/806","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Let's open it now to questions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2291.08,2292.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/807","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And those in the back, if you have questions,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2292.9,2296.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/808","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"please stand up so we can hear up here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2296.07,2297.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/809","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We had problems last night","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2297.79,2298.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/810","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with people from the back who couldn't hear.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2298.74,2301.043"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/811","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2304.75,2305.583"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/812","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Professor Breimyer is directly saying is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2307.677,2310.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/813","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"technology is a little bit indifferent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2310.47,2312.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/814","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in respect to farmers in different sizes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2312.26,2314.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/815","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It seems to be one of the variables","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2314.34,2315.568"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/816","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you haven't talked about,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2315.568,2317.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/817","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is how many people loan farms, on this minimum size farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2317.37,2321.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/818","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wondered in terms of this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2321.25,2322.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/819","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Farmers Home Administration Loan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2322.78,2324.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/820","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you said are generous, but few.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2324.59,2327.016"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/821","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How many applicants that are qualified","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2327.016,2329.086"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/822","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are likely to apply to said loan,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2329.086,2330.838"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/823","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if they think they've got a chance?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2330.838,2332.913"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/824","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e This question of whether young people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2332.913,2335.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/825","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"still want to farm came up at our seminar.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2335.24,2337.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/826","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have another survey.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2337.38,2338.663"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/827","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if my experience in our extension meetings...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2339.8,2342.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/828","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll get up here where I'd be seen.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2342.12,2343.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/829","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If my experience in our extension meetings...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2343.87,2346.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/830","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is this still being recorded or not?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2346.88,2349.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/831","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All right, the question was,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2349.02,2350.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/832","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in case this is being recorded,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2350.13,2351.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/833","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we should always repeat the question, General.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2351.19,2352.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/834","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The question was,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2352.99,2354.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/835","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do people really want to play the old game","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2354.71,2358.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/836","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when it's a tough game,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2358.41,2360.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/837","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of trying to accumulate some of the capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2360.04,2361.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/838","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"through in your own operations and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2361.82,2363.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/839","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And by the way, General, I do not require the 800,000,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2363.25,2366.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/840","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because I am saying that the part-ownership","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2366.94,2370.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/841","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is still not a bad deal.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2370.97,2372.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/842","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you had enough to get the leg,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2372.95,2374.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/843","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would be substantial gain,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2374.96,2378.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/844","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say, to these young people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2378.14,2379.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/845","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This question came up at our seminars,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2380.94,2382.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/846","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether young people still wanted","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2382.67,2383.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/847","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be young family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2383.69,2386.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/848","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And all I could say was that based upon...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2386.12,2388.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/849","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I teach classes in foreign policy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2388.12,2389.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/850","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"out in the state, kind of interesting thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2389.94,2391.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/851","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One night a week, the snowy weather is kind of rough.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2391.43,2394.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/852","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if I read them right, they still do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2394.73,2396.923"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/853","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I can't be sure, but my guess says","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2398.3,2400.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/854","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the Farmer's Home will get many more applicants","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2400.76,2403.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/855","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than they have money for.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2403.12,2404.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/856","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, they have often said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2404.01,2405.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/857","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that one of the most difficult features","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2405.14,2406.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/858","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of a governmental program to do with is the screening.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2406.97,2410.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/859","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the answer came back is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2410.11,2411.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/860","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well who's been doing the screening?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2411.4,2413.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/861","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the answer is all your rural bankers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2413.27,2415.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/862","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Would you like to say anything","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2420.643,2421.476"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/863","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the subject, on the question?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2421.476,2422.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/864","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Any other questions please?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2424.83,2426.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/865","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2426.0,2426.833"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/866","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e This is for either one.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2427.85,2429.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/867","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you had like a two or three generations family,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2429.05,2432.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/868","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like five or six kids per generation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2432.52,2434.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/869","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you multiply.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2434.99,2436.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/870","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they did all the work on the family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2436.37,2438.257"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/871","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it kept increasing like I said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2438.257,2440.753"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/872","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"1,000 acres per single family unit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2440.753,2443.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/873","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What would that be considered","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2443.01,2444.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/874","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after it acquired maybe 100,000 acres","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2444.33,2446.317"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/875","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after the third generation, with ten sets of families?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2446.317,2449.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/876","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But yet still a family corporation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2449.99,2452.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/877","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What would that be considered","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2452.46,2453.536"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/878","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when they own all the land within the corporation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2453.536,2456.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/879","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"did all the work, and owned everything?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2456.32,2458.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/880","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Would be considered a corporate farm or a family farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2458.44,2461.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/881","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When they're all still related","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2461.37,2463.115"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/882","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be cousins or second cousins?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2463.115,2466.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/883","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e All right, let me respond first.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2466.01,2467.461"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/884","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm sure the General will respond too.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2467.461,2469.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/885","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was very careful not to say 500 acres and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2469.38,2471.583"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/886","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm was talking only in terms of the labor force.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2471.583,2475.363"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/887","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say if they really did that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2476.49,2477.323"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/888","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would still be a family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2477.323,2479.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/889","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say very fast it has been very rare, very seldom","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2479.43,2483.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/890","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"does his family stay that close to knit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2483.75,2485.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/891","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they're really cooperative,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2485.67,2487.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/892","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they stay and farm together.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2487.0,2489.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/893","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Sometimes you get two, maybe occasionally three,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2489.03,2492.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/894","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but almost always one or two","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2492.73,2494.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/895","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of them decide that isn't really what they want to do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2494.94,2496.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/896","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or they get into fighting.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2496.82,2498.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/897","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the bigger problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2501.56,2502.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/898","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where there are several children is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2502.49,2503.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/899","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if they get one who wants to farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2503.91,2505.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/900","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the biggest problem he has is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2505.79,2507.613"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/901","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what his brothers and sisters are gonna,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2507.613,2509.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/902","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"want blood they want, before he can have access to the farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2509.05,2512.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/903","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I think definitionally,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2512.33,2513.892"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/904","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would still be a family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2513.892,2515.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/905","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think practically it will happen very rarely.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2515.18,2517.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/906","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e And what do you say?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2519.034,2520.867"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/907","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e We're principally in the ranching and cattle business,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2524.05,2526.343"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/908","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"more than in the farming end of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2526.343,2528.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/909","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I have personally had an opportunity to observe","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2528.69,2532.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/910","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a number of the major ranching families","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2532.95,2536.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/911","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the United States who have built a big empires.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2536.18,2540.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/912","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the history of the family is almost","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2540.1,2543.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/913","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like a choreography of a ballet.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2543.4,2547.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/914","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You can almost predict every step for each generation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2547.26,2551.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/915","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because it's happened numerous times.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2551.88,2554.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/916","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And offhand, I can hardly think of an exception","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2554.33,2557.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/917","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to what I'm about to tell you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2557.4,2558.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/918","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The first, the great grandfather grabbed the land","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2560.42,2563.98"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/919","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the Indians about 110, 20 years ago.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2563.98,2567.923"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/920","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then the grandfather doubled it and added to it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2569.57,2574.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/921","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The son, the next generation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2576.96,2581.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/922","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are now about five families that own it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2581.8,2584.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/923","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they're all splitting up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2584.23,2586.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/924","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the family maybe wants to stay in the place,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2586.38,2591.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/925","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he runs it and he sort of holds it together.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2591.55,2594.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/926","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the father, one of the fathers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2594.02,2598.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/927","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then he dies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2598.05,2599.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/928","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, there are none of the family left.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2599.65,2602.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/929","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there's something about being in the cattle business,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2602.55,2605.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/930","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly of the old school,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2605.53,2607.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/931","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that makes you particularly feisty.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2607.49,2609.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/932","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So now there are 30 heirs or 40 heirs,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2609.86,2613.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/933","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they're all fighting each other,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2613.38,2616.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/934","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they're all in the courts.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2616.13,2618.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/935","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And no one is talking to each other.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2618.41,2620.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/936","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Most of the cousins don't even know each other.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2620.65,2623.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/937","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Half of them live in the Riviera, in France.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2623.9,2626.973"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/938","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The ones that ride horses are only doing it to play polo.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2628.15,2631.393"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/939","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It is a great big battle,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2634.385,2637.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/940","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and every major ranching family operation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2637.05,2641.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/941","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I know of has followed that pattern.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2641.75,2644.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/942","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would not call it particularly a family ranch anymore.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2644.8,2648.123"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/943","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2654.95,2656.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/944","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Is there not a practical problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2656.04,2657.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/945","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in where money is coming from?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2657.73,2660.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/946","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If we take our small banks in Iowa,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2660.13,2662.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/947","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I judge in Missouri too,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2662.48,2664.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/948","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there is a limitation, a very serious limitation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2664.75,2667.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/949","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the capital available.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2667.16,2668.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/950","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They want a quick turnaround.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2668.67,2669.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/951","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It seems to me that kinds of bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2669.95,2671.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/952","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are not very well acquainted","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2671.65,2672.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/953","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with intermediate and long-term loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2672.91,2674.903"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/954","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they should be.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2676.02,2677.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/955","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So where does the money come from","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2677.08,2679.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/956","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is needed in our family businesses?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2679.28,2681.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/957","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I could go, but go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2683.1,2684.354"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/958","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2684.354,2685.62"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/959","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll follow you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2685.62,2686.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/960","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(man chattering)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2686.52,2688.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/961","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e You've hit the nail on the head.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2688.78,2692.498"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/962","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(laughs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2692.498,2693.664"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/963","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience chattering)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2693.664,2694.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/964","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2694.95,2696.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/965","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's just the question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2696.44,2697.496"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/966","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Where is it gonna come from?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2697.496,2699.123"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/967","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you have a good long-term relationship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2700.1,2705.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/968","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with your country banker,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2705.07,2706.713"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/969","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he will continue to support you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2707.67,2709.883"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/970","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The country bankers aren't the country bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2711.44,2714.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/971","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they used to be,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2714.16,2715.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/972","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they now have lots of competitive loans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2715.52,2719.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/973","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they frequently have stockholders","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2719.55,2721.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/974","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to answer to themselves who are watching","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2721.9,2724.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/975","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the annual earnings statement.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2724.47,2726.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/976","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So they're not about to make a loan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2726.3,2730.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/977","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to their old buddy or their old buddy's 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account,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2768.497,2773.497"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/992","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and let the bank draw interest on it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2774.04,2775.923"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/993","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then he will be quite 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stockholders.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2828.4,2830.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1010","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the days when they would make loans to young farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2830.04,2833.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1011","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and ranchers as a public service are gone 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ones.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2845.839,2848.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1016","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the normal sources of borrowed capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2848.94,2853.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1017","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are getting tougher and tougher,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2854.29,2856.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1018","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly for a young guy starting out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2856.58,2859.363"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1019","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Just a couple of 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desired.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2867.42,2870.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1022","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our farm management specialist in Missouri tell me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2870.19,2872.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1023","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they really can't say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2872.76,2873.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1024","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there hasn't been enough capital,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2873.76,2875.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1025","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the local banks do re-discount and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2875.85,2878.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1026","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have relationships with city banks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2878.82,2880.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1027","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that are young farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2880.54,2882.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1028","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The capital still is there.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2882.22,2883.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1029","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Or to put it 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under-capitalized.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2887.28,2890.62"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1032","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what it is, as General just said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2890.62,2892.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1033","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's very selective as to who can get it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2892.68,2895.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1034","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As a young farmer trying to get started","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2895.5,2897.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1035","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the one who has the most trouble,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2897.06,2898.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1036","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but one point that hasn't been made.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2898.48,2900.303"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1037","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The reason the land is priced so high out of their reach,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2901.36,2904.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1038","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so much so that those who do hold it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2904.81,2906.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1039","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"make it available at 3%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2906.37,2907.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1040","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that land has an additional value","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2907.84,2910.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1041","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to those who can use it for their tax advantage,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2910.57,2914.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1042","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in that the tax that they in effect bid their tax advantage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2914.23,2918.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1043","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into the price of the land.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2918.68,2920.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1044","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And therefore, the price to those","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2920.54,2922.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1045","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who do not have a tax advantage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2922.82,2924.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1046","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is beyond what they can earn from it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2924.41,2926.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1047","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whereas it's a perfectly good investment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2926.59,2928.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1048","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to those who do have some tax advantage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2928.67,2930.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1049","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in their ownership.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2930.47,2931.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1050","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you put that along with continued inflation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2931.6,2934.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1051","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the low capital gains tax,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2934.19,2935.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1052","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you have the kind of a struck.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2935.9,2937.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1053","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What I'm trying to lead to is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2937.1,2938.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1054","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you had a different economy in agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2938.88,2942.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1055","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the price of land wouldn't be so high,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2942.06,2944.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1056","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then it would be easier for the younger farmers to buy it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2944.33,2947.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1057","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2950.03,2950.863"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1058","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e The federal state tax really made a tilt","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2950.863,2953.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1059","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"towards the so-called family farm by saying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2953.53,2955.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1060","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you can have this estate together for 15 years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2955.6,2959.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1061","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after debt, we can postpone the taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2959.3,2962.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1062","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and pay 4% interest on the loan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2962.26,2964.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1063","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It seems to me that that's a policy decision","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2964.18,2966.273"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1064","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that Congress has made to encourage the family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2966.273,2969.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1065","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as opposed to the corporate farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2969.44,2971.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1066","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e You'll both take this-","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2972.5,2973.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1067","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2973.5,2974.333"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1068","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You're absolutely right on that point.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2974.333,2975.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1069","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The most significant action taken","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2975.73,2978.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1070","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the Congress to my knowledge in the last decade","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2978.71,2981.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1071","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been that portion of the bill,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2981.7,2983.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1072","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that a person that wants to preserve a farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2983.88,2988.132"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1073","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in operation, through the family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2988.132,2991.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1074","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has a distinct break on inheritance taxes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2991.57,2996.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1075","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where before a great number of the farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2996.31,2998.407"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1076","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the ranches were broken up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=2998.407,3000.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1077","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because there was no way they had the funds","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3000.44,3002.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1078","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or ready cash to pay the taxes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3002.54,3004.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1079","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Do I see a Neil Harrow back here?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3006.06,3008.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1080","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I will call on you because...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3008.22,3010.534"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1081","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3010.534,3011.528"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1082","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm gonna read your document on this real soon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3011.528,3013.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1083","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I just keep putting it off and putting it off.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3013.91,3016.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1084","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say yes and no.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3017.635,3019.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1085","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say yes, I will say yes and no.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3019.47,3022.073"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1086","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When the action began to change the inheritance tax law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3023.34,3027.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1087","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make concession for the family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3027.89,3029.987"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1088","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it was to really give a break","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3029.987,3031.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1089","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the smaller family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3031.76,3033.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1090","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's happened so often, began this way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3033.76,3036.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1091","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ended up is where the concession gets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3036.14,3038.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1092","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be a little bit larger","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3038.11,3038.943"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1093","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than I would really call a family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3038.943,3041.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1094","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it is really quite a concession.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3041.3,3043.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1095","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It has some aspects of it that I don't like very much.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3043.87,3047.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1096","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Boy, the legalisms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3047.94,3049.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1097","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Neil, you know this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3049.53,3050.363"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1098","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They call this the Tax Accountants and Lawyers Relief Act.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3050.363,3053.837"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1099","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience 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out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3057.907,3060.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the one who really is an operating farmer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3061.83,3063.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the one who is nominally a farmer from tax purposes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3063.93,3066.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's gonna be a real, real rough","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3066.48,3068.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it is so attractive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3068.9,3070.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm a little bit afraid it's gonna be attractive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3070.07,3071.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to some of those are somewhat larger","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3071.85,3073.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than I would call a genuine family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3073.58,3075.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But this much I also wanna say, if you're 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tax","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3081.39,3083.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to preserve family farming,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3083.44,3084.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's got to be tough enough","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3084.86,3086.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that once you get beyond the family farm size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3086.1,3088.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it's got to force some breakup.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3088.39,3090.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the only way you keep from having","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3090.13,3092.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the continuing build up of size of estate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3092.18,3094.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that'll end up with the land of the gentry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3094.12,3096.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the only way as farms get bigger and bigger.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3096.36,3099.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have then some parcels","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3099.07,3100.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that young farmers can buy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3100.42,3104.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to forest, let's say the 3000 acres","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3104.12,3106.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to sell off a couple of 400 acre tracks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3106.08,3108.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"just to pick numbers out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3108.72,3110.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is where you 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farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3113.74,3115.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"don't want their estates...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3115.49,3116.505"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They don't want their kids","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3116.505,3118.2"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have to re-accumulate capital, I understand why.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3118.2,3121.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"On the other hand, you let the estate get bigger and bigger,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3121.28,3123.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then you have no opportunity","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3123.43,3124.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the young farmer to come in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3124.38,3125.213"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this is the most divisive thing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3125.213,3126.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in agriculture right now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3126.69,3128.023"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e If we hit a, which I don't believe in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3137.1,3141.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if we hit this philosophical point of saying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3141.68,3145.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we want to break up the larger farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3145.21,3148.773"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and splinter them into smaller ones...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3148.773,3151.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not certain that Dr. Breimyer really means that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3155.897,3159.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I do.\n(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3161.006,3161.839"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e You do, okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3161.839,3162.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e But not small, smaller.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3162.77,3164.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay now--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3164.9,3165.733"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e To 800 from 3000 that's way much.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3165.733,3168.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e If this is as a program,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3168.14,3170.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which of course we have never yet had in this country,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3170.23,3173.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's a very simple matter to do it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3173.63,3176.213"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The ones opposed to the exemption","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3178.29,3180.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the federal government did give to preserve the passing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3180.16,3183.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on of farms to the next generation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3183.95,3185.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without this very severe tax, we could reverse that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3185.97,3190.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and very quickly pass a bill,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3190.07,3192.952"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if Congress wants to do it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3192.952,3194.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"saying that any farm that involves over $500,000","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3194.73,3199.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of land will get a special punitive inheritance tax,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3202.11,3207.003"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like an extra 40%, 50%, 70%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3207.89,3212.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have that in England, by the way, 90%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3212.42,3216.423"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If that is the way we wanna go in this country, fine.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3218.24,3222.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So somebody dies and he will be forced to sell his farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3222.76,3227.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and break it up in parcels or sell it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3228.27,3231.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to somebody else because he won't have the money","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3231.16,3233.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"nor will his heirs have the money to pay","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3233.48,3235.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a 80 or 90% inheritance tax.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3235.48,3238.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that will bring a lot of land on the market very cheap.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3238.6,3242.143"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e One correction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3244.46,3245.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have indeed has such a law,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3245.67,3247.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Neil, when did it begin? 1914?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3247.91,3250.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have had a graduated estate tax for around 60 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3250.03,3253.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How far off am I?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3253.21,3254.173"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yeah, sounds about right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3255.57,3256.403"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3256.403,3257.487"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Oh, it doesn't matter the years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3257.487,3259.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No General, we have had this policy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3259.15,3261.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have had a graduate estate tax.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3261.36,3263.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And by the way for the larger increments, it's fairly steep.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3263.15,3266.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know the numbers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3266.35,3267.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So this is not new.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3267.45,3268.493"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The only question is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3271.206,3272.707"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what shall be the numbers that go into that curve?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3272.707,3275.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's low.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3275.21,3276.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You have certain exemption,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3276.09,3277.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then the next income is very low.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3277.17,3278.72"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Next income a little higher.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3278.72,3279.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's simply a graduated estate tax,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3279.7,3281.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we've had one for 60 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3281.41,3282.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I've got a good story to tell.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3285.11,3287.147"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay, go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3287.147,3288.564"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Fortunately, I'm not inheriting anything from him.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3292.467,3295.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I have a very, very wealthy stepfather,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3295.7,3298.433"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we hardly talk to each other.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3303.717,3305.656"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3305.656,3308.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I have a half sister who was a very strong supporter","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3308.07,3313.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of Senator McGovern when he was running for president.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3314.42,3319.223"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And Senator McGovern had a bill that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3320.14,3325.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there would be a 100% inheritance tax,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3327.358,3328.767"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"100% on all a estates over $500,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3333.2,3337.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That was part of his program,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3337.93,3339.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that nobody in the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3339.77,3341.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would ever inherit more than $500,000 again.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3341.96,3345.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So my sister was, as I say, was supporting this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3346.74,3350.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"My stepfather called her and said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3350.81,3353.993"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Jean.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3354.827,3356.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He said, \"You don't have to worry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3356.46,3358.067"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"about anybody inheriting more than $500,000","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3358.067,3361.743"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"'cause I am disinheriting you right now.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3361.743,3364.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3364.23,3367.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e He was first, go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3370.0,3371.373"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Dr. Breimyer, I guess I'll give you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3373.802,3375.912"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a publicly open statement, not necessarily a question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3375.912,3380.848"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But when can you see the potential of the agriculture...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3380.848,3383.648"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'd think you'd go to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3385.63,3386.463"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's largely a matter of social or political goals.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3386.463,3390.405"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Secondly, it's a community solely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3390.405,3391.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for what he called (indistinct) agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3391.55,3393.813"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well the same thing, the general feeling","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3394.9,3397.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"seems to be among both the rural and urban people,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3397.16,3400.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for what you term traditional agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3400.36,3402.936"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This seems to imply that there is some interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3402.936,3404.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in how we assess our value,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3404.85,3407.403"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"being what our social and political goal are.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3409.073,3411.797"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(man speaking faintly)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3413.383,3416.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I keep forgetting to repeat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3416.51,3417.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the question just for the record,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3417.65,3419.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I'm not really sure I have...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3419.21,3420.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You gave me a three or four questions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3420.38,3423.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let me make sure I have it right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3423.02,3424.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Do we know for sure of where we wanna go?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3424.88,3426.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we are not at all sure where we want to go.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3429.504,3432.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But in addition, and this leads to another point,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3432.94,3435.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and few people like Herb Powell","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3435.22,3436.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are probably getting my extension letter.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3436.94,3439.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've made this kind of preaching so often.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3439.04,3441.393"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"U.S. agriculture does not really understand","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3442.86,3446.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the kind of issues we are raising here tonight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3446.35,3448.963"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The surveys, if you ask farmers what they really want","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3450.22,3453.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the future, they'll all vote for family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3453.34,3456.683"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But you start asking what particular policies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3458.44,3460.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"might lead to it, what you get is the dilemma","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3460.81,3464.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"between what I call farmer's non instinct","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3464.25,3467.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for self-preservation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3467.87,3469.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They do not understand the relationship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3469.11,3471.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"between individual policies that look good to them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3471.07,3474.223"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on their own farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3474.223,3475.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Particular policies look good to their own farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3475.84,3478.1"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"yet may harm family farming collectively.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3478.1,3480.583"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the tax write-offs is one of them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3481.45,3484.35"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The tax write-offs go to the individual farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3484.35,3488.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the individual farmer, all my students know it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3488.09,3490.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"'cause I should have drum it into them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3490.13,3491.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"An individual farmer doesn't know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3491.89,3493.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that a small write off for him becomes magnified","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3493.54,3495.81"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to a big write off to his non-farm competitor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3495.81,3499.043"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a whole new area.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3501.02,3503.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Herb Powell, we talked price supports and everything","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3503.03,3505.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for 30 years, we haven't talked this until the 1970s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3505.74,3509.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The 1970s is the first time we've talked this subject.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3509.58,3512.287"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course the reason it came in the 1970s","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3512.287,3514.62"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has such an escalation in land values,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3514.62,3516.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that suddenly it's a question","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3516.57,3518.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of how to get capital, became a real genuine question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3518.64,3521.483"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the strengths of family farm agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3523.45,3526.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is weakness in policy-making.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3526.27,3527.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The very independence of the individual unit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3527.54,3529.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this whole stalwart that we respected very much,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3529.66,3531.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at least I do, makes the farmer so concerned","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3531.7,3535.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for his own operation that he doesn't have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3535.56,3537.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a real sharp consciousness","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3537.93,3539.791"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what kind of policies affect agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3539.791,3542.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or farming as a whole.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3542.19,3543.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's the micro versus macro,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3543.52,3545.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's the individual versus the unit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3545.86,3547.73"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there's a long educational process going on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3547.73,3551.813"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As I say, it's gonna be a real hard.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3551.813,3554.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think it's not a lack of sympathy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3554.02,3556.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with some of these things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3556.09,3556.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it's just lack of understanding","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3556.95,3558.367"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what some of these policy issues are,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3558.367,3561.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which I assume is why this is on your program,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3561.77,3564.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and why you're here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3564.76,3565.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Just a minor point.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3571.25,3573.263"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"After the 1976 tax bill, and the 1978 tax bill","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3574.13,3579.13"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are practically,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3581.12,3582.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as far as land ownership is concerned,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3582.3,3584.763"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no tax benefits of any magnitude that I know about.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3586.1,3590.903"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You cannot deduct prepaid feed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3592.12,3594.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You cannot deduct prepaid interest.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3594.49,3596.573"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The government is extremely tough on any depreciation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3597.61,3601.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The tax benefits that previously existed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3601.21,3604.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have now become almost non-existent.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3604.7,3607.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes, go ahead.\nThat's a little strong,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3613.75,3614.583"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"non-existent, but a lot of pass.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3614.583,3616.794"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughs)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3616.794,3618.187"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3618.187,3619.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e It seems to me that we have a myth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3619.3,3622.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or is it a myth?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3622.16,3624.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That the family farm has higher production,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3624.33,3628.313"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is more concerned about the conservation of the land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3629.82,3633.503"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as well as pulls that local community together.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3634.56,3638.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, can you compare the two?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3638.52,3641.786"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The family farm and the corporate farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3641.786,3643.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in all three of those things?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3643.25,3646.957"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e All right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3649.866,3650.866"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e The question was,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3654.17,3655.16"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what about some of these so-called virtues","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3655.16,3657.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the family farm holding the community together,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3657.33,3659.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"conservation and so on?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3659.56,3661.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think family farmers should be just a little bit careful","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3661.67,3664.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when claiming too much virtue for themselves.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3664.17,3666.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I sometimes tell my audiences,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3667.89,3669.177"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Don't break your arm patting yourself on the back.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3669.177,3672.517"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think to some extent, the differences between farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3673.89,3677.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and non-farmers are narrowing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3677.03,3678.91"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't think there's that much difference.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3678.91,3680.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I personally think that the family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3680.29,3682.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has done reasonably well in conserving the soil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3682.31,3684.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think they do have this traditional respect","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3684.46,3686.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the soil and what they're doing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3686.15,3688.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"On the other hand, I know some","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3688.34,3689.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are not doing the job either.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3689.3,3690.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In some respects, a large corporate agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3693.25,3695.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if it were geared the right way, might be more effective","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3695.92,3698.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in good soil conservation practices,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3698.7,3700.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because if the manager said, \"You're all gonna terrace.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3700.63,3703.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They'd all terrace.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3703.0,3704.4"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whereas now if you go out in the county and say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3704.4,3705.987"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"You all ought to terrace,\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3705.987,3706.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"half of them will terrace and half of them wouldn't.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3706.97,3709.303"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now then you get in this state,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3712.208,3713.29"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"don't tell me the family farmers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3713.29,3715.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're all the virtuous and so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3715.23,3716.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I didn't use that argument. Neither did you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3716.86,3718.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I respect them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3718.7,3719.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I don't think that is really the question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3719.58,3722.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"On the other hand, all the sociological question","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3722.25,3724.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as to whether areas of proprietary agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3724.64,3729.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are better by the tests of participation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3731.52,3734.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in local government and so on and so forth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3734.19,3736.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as against wage labor agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3736.24,3739.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or even for that matter contractee agriculture,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3739.26,3741.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as in broilers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3741.87,3743.45"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Almost all the surveys give the same results.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3743.45,3745.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That there is a difference,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3745.76,3746.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this is genuine and not just pretending.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3746.75,3749.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"While we're talking about them, another thing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3750.71,3752.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"just see whether you wanna go back to a caste system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3752.14,3754.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And Iowa is rather free of caste system,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3754.95,3757.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because of family farm agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3757.42,3758.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When you go through three levels,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3758.99,3760.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you stratify your 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that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3765.28,3766.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Would you like to respond?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3770.265,3771.473"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Well, one point, it's somewhat to drag them from the 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land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3781.021,3784.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly from a West Germany.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3784.53,3786.353"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a subject I've had to go into quite 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1%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3803.08,3807.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So it's nothing very dramatic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3807.22,3809.193"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"However, the people that we've been associated 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soil","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3820.09,3822.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and improving the place,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3822.48,3824.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"much more so than any of our U.S. clients would normally do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3824.25,3828.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And much more so than people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3828.65,3830.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the neighborhood have traditionally 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Germans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3834.66,3838.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they are certainly a major asset to the local communities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3838.17,3841.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in which they own properties.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3841.89,3843.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they have in many cases participated in local affairs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3843.41,3846.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in every way that I know of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3846.88,3848.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been excellent neighbors.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3848.86,3850.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3852.64,3854.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e General, you said before","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3854.14,3856.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you would wanna have a punitive 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sons,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3863.04,3865.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you said he had to have 300 to 400 acres","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3865.83,3869.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make a living at it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3869.23,3870.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That would be anywhere from 600 to 1200 acres,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3870.66,3873.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which would make his estate ove 500,000,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3873.95,3876.908"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a million and a half.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3876.908,3878.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And since you'd have a punitive tax over 500,000,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3878.76,3883.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it would break up the farm that he'd want his son to have.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3883.7,3886.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But then really wouldn't break it up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3886.92,3888.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because if he is a smart farmer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3888.41,3889.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he'd have $2 million worth of life insurance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3889.82,3892.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on his self anyway take care of estate taxes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3892.01,3895.2"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when he died.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3895.2,3896.033"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So really would that punitive tax be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3896.033,3898.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"really worth the effort to put into law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3900.32,3903.608"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when we might not affect.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3903.608,3905.997"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e The question was, if there was a punitive tax","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3907.34,3912.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was 100% confiscatory,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3912.98,3915.7"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for an estate over half a million dollars...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3915.7,3917.97"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"By the way, I personally am very much opposed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3919.66,3923.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to anything like that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3923.6,3925.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Right, right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3925.42,3926.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I'm just saying a punitive tax","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3926.85,3929.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of that nature would be very effective","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3929.46,3932.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in breaking up large holdings.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=3932.21,3935.453"}]},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28977/annotation/1411","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/028/977/original/AV168050_Family_or_Corporate_America_a.vtt?1622850102","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/028/977/original/AV168050_Family_or_Corporate_America_a.vtt?1622850102"}]},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28978","type":"AnnotationPage","label":{"en":["AV168050_Family_or_Corporate_America_a.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779/transcript/28978/annotation/1412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- We're real pleased to see that we have a good turnout, it's very gratifying. I'd like to take just a few moments before tonight's presentation to welcome you to our second night of the 1979 Institute on World Affairs. Again, we'd like to thank GSB for their support of the Institute, and again for you for coming out. And not the best of weather, but certainly has been better than what we have had. First reminder about tomorrow's activities, there'll be a film and discussion at noon here in the gallery. The film will be \"Taxes, Taxes,\" followed by a discussion. And tomorrow night's guest lecturer is Lester Thurow, and he will address himself to \"Who Owns America?\" I think there were brochures distributed, I think there are still some in the back if you need to have a full schedule of the remainder of the week's events. And there will be an information booth open all week long downstairs, usually from 10:00 to 2:00. Tonight's topic is, \"The Family Farm or Corporate America, \"Who Will Serve Supper?\" And we have with us General Harrell Oppenheimer from Oppenheimer Industries. Their main emphasis is in agriculture and livestock investment, and they have a 69-year history in the business. Also with us is Dr. Harold Breimyer, who is a professor of economics at the University of Missouri. Professor Breimyer has been active in several capacities with the U.S. Department of Agriculture. I'd like to thank both gentlemen for being with us tonight. And our format will be a introductory speech by each of the participants, followed by a short rebuttal from each. And then we'll open it to questions from the floor. And if you will address your questions to a particular participant, and then the other will have a chance to respond also to your question. And I think in fairness, and so things don't tend to drag on, we should probably limit the formal questioning to 45 to 50 minutes and not much longer. And I'm sure that afterwards if you still have questions, that each will avail himself to you in a more un-formal situation. So let's turn to the opening remarks, and first off General Oppenheimer.\r\n\r\n- For the last several months I have been delivering talks around the country on the implications of foreign investment in the U.S agricultural land. And I have a set speech, or it became a set speech that I could deliver, drunk or sober, or standing on my head. However, last night my wife said \"Larry.\" She said, \"You're not gonna be giving your regular speech, \"you're supposed to be speaking in Ames, Iowa, \"on the role of the family farm versus the corporate farm. \"And it's gonna be a debate. \"And I think you're supposed \"to be supporting the corporate farm.\" Well, that came as a big surprise and a shock. So in a hurry, beginning about the 10 o'clock this morning, I tried to prepare a few remarks on the subject. Not wishing to ruin the dramatics of a confrontation with professor Breimyer here, I would like to state first off that for the good of the United States I think the preservation of the family farm is highly desirable. And I hope that our firm, as being a principal source of investment capital for this small family farmer and rancher has been as influential as anybody else in helping preserve the small farm, the small farmer, and the small rancher. As a sideline, I spent the greater part of my adult life in the United States Marine Corps. And historically, almost all of our officers, a majority of our noncoms, and a disproportionately high percentage of our recruits came from the rural areas of the West and the South. There has to be an exception to everything but I personally have never seen a Marine who came from one of the rural areas of Wyoming, Nebraska, Iowa, Missouri or Kansas, who wasn't an outstanding man and a credit to his country. This is a contribution to the United States that cannot be measured in dollars, but is nonetheless not something that can be ignored. Now before one can solve a problem, the first step is to know what the problem is. Is the Boswell Corporation, the largest farming operation in California with 200 million bucks worth of land, capital, cattle, and equipment, all owned by a single family with no outside stockholders, a family farm? Is Tom Smith's operation out in Scottsbluff Nebraska, run by himself, his two sons and a daughter on 1000 acres, leased from a banker in Dusseldorf Germany, plus 500 acres leased from the widow of a neighbor, plus 640 acres of a school section leased from the government, with half of his cattle being run on contract for a doctor from New York, is this a family farm? Tom uses no outside help on the place other than his children, except he does have his wheat put up in July by a custom harvesting team operating out of Omaha. Tom makes a good living, sends his kids to top colleges, and hopefully we will get one of them to join the Marines. Tom is trying to expand by getting more land to lease and more cattle to run on contract. He keeps his relatively limited amount of capital intact as best he can for investment in equipment and operating capital. And he's doing everything he possibly can to avoid paying a banker or an insurance company 11% interest on the mortgage. His ambition in life is to get big enough to compete with Boswell. Seriously, while this is a hypothetical situation, we have been involved with at least 400 such ranchers are farmers over the years who fit Tom Smith's picture. What is a small farmer or rancher faced with today? He's got two problems. One, he has to expand to a size that is economically competitive in the industry as it exists in January, 1979. And we're not talking about 1890, and we're not talking about 1950. Two, he needs to obtain the capital for this expansion at a rate that is not going to be prohibitively expensive. We've done a lot of theorizing so far. Now let's get down to the actual numbers. In my opinion, nobody engaged in green production in the United States can give his family a decent living or can afford modern farming equipment on less than 300 acres. At 2,000 bucks per acre, this is $600,000. A complete line of farming equipment and associated buildings will cost $100,000. And you need $100,000 of operating capital, and all together this comes to an investment of $800,000. The banks and insurance companies are not going to loan you more than $500,000. And they are going to require 10% interest and 5% amortization for a total debt service of $75,000 per year. This is what it's gonna take to support their loans, and that's for 500,000. You need another 300,000 in equity capital, unless you had a wealthy father or married a rich wife. Two acceptable alternatives. What about ranching? Until this recent jump in prices, which opened up a new ballpark, you had to have a minimum of a 500 cow herd to be competitive. In Nebraska, this takes a 5,000 acre ranch. A total investment in land, cattle, equipment and operating capital comes to about 1.5 million. This time, if you're starting out, you need an even wealthier wife. How can you avoid the friendly clutches of the local banker who wants 10% interest and a 25% compensating balance which you may or may not have? Incidentally, a 25% compensating balance is like paying 13% interest. Unfortunately today, that is only 1.5% more than general motors is paying. How do you get capital without borrowing? Several alternatives outside of robbing a bank. One, first you can form a corporation or a partnership and take in outside stockholders or partners. This is the way General Motors does it. It's hard to do in farming. Second, you can lease land on a cash lease at three to 4% of its market value. This is the way Safeway stores has been doing it for 40 years. It's better than paying the equivalent of 13% to your banker. If you want to pay more and get the guy in Dusseldorf to take part of the risk, you might get into a sharecrop lease with them. This is a second means of getting outside capital. Leasing land, instead of buying it. Third, if you're in the cattle business or the feeder business, you can partially stock your ranch or feed lot with tenant cattle. Let the New York doctor pay 13% to his banker. Don't you do it. In addition, while it's pleasant owning all the cattle on the ranch when the market goes up, it is also nice to have someone else share the risk when it goes down. For 100 years, small family farmers and ranchers have acquired the use of capital from these sources in order to compete with the large farmer and the corporate farmer. This is not something new. If the issue as between the Boswell family and Tom Smith is not one of land tenure and ownership, but of size, are we really saying that we want to limit the size of farmers or ranchers, whether they are owned by one family or a public corporation? This is a different issue. If so, what size is it desirable to set the limit on? Do we want to bring in the Sherman Antitrust Act which is on the books? At what level? 2,000 acres? 2,000 cows? 160 acres of irrigated land that uses public water? Problem in the San Joaquin in California. These are different questions which I am not adequately prepared to discuss. I'd be glad to talk about them, but I do not have an adequate background for discussion of those questions. What size do we want to put a limit on a farm or a ranch? This is not a question of who owns it, okay? Thank you.\r\n\r\n- Now we'll turn to Professor Breimyer.\r\n\r\n- General Oppenheimer considerately did not take too much of your time. I talk faster than he does and I think I can equally brief so we can have some discussion. I'll hit some points rather quickly. Not that it really matters, but General Oppenheimer did pronounce my name with the long I, which do, I'm Breimyer, and I'm an agricultural economist, not a general economist. I am in both teaching and extension at Massouri. These are a fascinating four days in your program. Gee, it's wonderful. General, you must be a real attraction. I can't get an overflow of cows, so it must've been your credit that they actually had to get chairs out here. As much to the credit of all of you for coming, and I hope you'll come these four days. It should be a fascinating experience for you. Not to be slightly negative, but I'm not real sure just what you will learn. Learning is a painful process. And most of us cherish the ideas we have and carry around with us, and we don't relinquish them very easily. And I'm not sure whether you're gonna go out of here tonight with any different set of ideas and observations you had when you, or Thursday. than you have now are not. I even work hard with my students, getting them to change some of the ways they look at things. But what you will learn these five days is quite a bit about the identity of the people whom you listen to. And you're gonna find that each one of us in economic language is a differentiated product. Each of us has different things we're gonna present, different personalities. This is true of economists, it's true of political scientists, it's true of managers, it's true of sociologists. And I'm not sure whether this is good. I'm afraid that what we're doing, I think maybe increasingly is drifting into categorical possessions. Everybody has his own school of thought and this is it, and never the two or three shall meet. In economics for example, there's the Freedman monetarists, and boy they think... What's that called? Sectarianism. Freedman monetarist. The Chicago school, which is closely related. The Keynesians now are sort of in hiding. So now what we- So we have the post-Keynesians. The institutionalists have revived. And now the Marxists. We've got such a situation now where it's now respectable again for the Marxists group to sail on. Marx did have some ideas after, and you're gonna hear from one I think. I think it's rather too bad that we can scarcely communicate among ourselves, each holding to his own true gospel. But that's one of the things you're gonna find these days, that each person's gonna see the world differently. Well, what am I? Well, I guess maybe if it would help you a little bit, I think maybe I'm an agrarian traditionalist. Well, you can decide that for yourself. Now, General Oppenheimer has said there's something about confrontation and so on. I'm not much for confrontation, dramatics of confrontation, whether we get this. I'm not too much for debate. I don't really have that kind of an instinct. But I'm going to my subject real quickly then we'll see what happens. What's involved in the subject of what kind of an agriculture we're gonna have? What's happening, and then does it matter? Rather quickly. And I'm speaking pretty much following about seven or eight years, the extension of agricultural economists of the Midwestern States, including those at Iowa, Iowa state here, have joined for about five or six years dealing with what I think is the number one policy issue in agriculture, namely, what type of an agriculture we're gonna have? We thought of who's gonna own and control? And then this fall, we had in our campus a seminar, \"Can the Family Farm Survive?\" Question. And pretty much what I'm gonna say is what came out of the seminar where we had some very interesting speakers. I'm gonna go down through it rather quickly. The agricultural tradition is deep in the American heritage. I think it's a genuine tradition in our country. Early days of the country, we started off in several directions from the New England's kind of small farms. And of course, the original Virginia farms, many of them are plantations. In the Southwest we got the Hacienda. But after a period of time we seem to settle on the idea that we did want to have the individual proprietorship that's come to be known whether loosely as the family farm. And of course Thomas Jefferson is the main spokesman for this. I wanna speak very respectfully of this. I am something of a traditionalist. Very respectfully of this, because these people facing a new continent were fresh from the European experience, the feudal experience. In the sense what they said was that we want to be sure that in these new United States of America, democratic republic, the man or woman who works on the soil shall be able to hold his head high. It had to do with the status, not the economics. The status of the person who tills the soil and tends the herds. Because in feudal Europe, they were the lowest on the totem pole. And our forefathers said, \"We aren't gonna have it that way in this country.\" And of course, as everyone knows, the primary, the most explicit of all of the actions on this was the Homestead Ac,t was 160 acres, and if you'll farm it, and so on, so forth. Now this is well known, so I won't take much time. To save time I'm gonna go very quickly through this. What do we mean by it? Now my definition, or the definition we used in our seminar will differ a little bit from General Oppenheimer's more specifically. We define it and you have to be rather maybe careful. I don't want to play numbers game about exactly where the cutoff point is, but I say you have to be faithful to a concept or the whole thing just disappears. The family farm is one in which the operator plays three roles. He is the worker. He is the manager, and he is at least an owner of part of the land. Now, this is where General Oppenheimer used a little bit different, because he talked about having outside capital for the ownership of the land. I do not say the family farmer can not be a tenant for his first few years. I do not say that he has to own all the land, but our group, the Midwest economists, were rather firm in saying unless he owns part of the land, he is breaking with the heritage of what we have meant in this country in terms of a family farmer. And providing the labor. We say, therefore, the family must provide half or more of the labor. And since this is true, you have to put some kind of a limit. And the limit would be in terms of man-years of labor. And I agree with the general, you don't put in terms of acreage or number of livestock. And we say at the outside, two man-years of family labor, and two man-years of hired labor. Although a number of our people said one and a half should be the limit. One and a half man-years of family labor, and one and a half man-years of hired labor is the maximum size of the family farm. But you have to stay with something like this. You talked about the big one in California. California is always the example, and I use this many times. I was in a meeting not so long ago, and there's a lady. And I hate to say it, but she was pretty brassy. She told me what the issues were in agriculture. I was a speaker but she was telling me, but that's all right. But what she says is I'm a family farmer. And if I remember, she had 30,000 irrigated acres in the Imperial Valley, she and her husband. Says she's a family farmer. I'm sure they hired Mexican-Americans by the hundreds. And I'm sure also the whole thing operates on free water coming from the federal government. I've never found anybody who didn't call himself a family farmer. But if you do that, then the whole thing, the problem vanishes. And we get extensionist that said you have to stay with his pretty, pretty sharp. What is happening? No question about it. We're moving to a duo agriculture. We're moving to an agriculture in one side, you have many very small farms, a few very large farms. The gap in between is where the family farmer used to be, and he is gradually fading out. We have great many small farms. We don't have so many of the larger farms, but one of the statistics of it is now, 1977, the 50% smallest farms marketed is 3% of all the products, the largest 1/4 market 85. But what's more significant is, that number keeps going up. Relatively we're concentrating more and more. We often have the image of agriculture being mostly the typical family farmer on 120 or 240, or 300 acres, that's all right. Depending where you are, it varies. East could be fewer, West more. But anyway, on an ordinary farm, full-time, income only from farming, and to be ungrammatical about it, you can't hardly get that kind no more. The great numbers are the little tracks outside from cities. The great volume is on farms that are of some size, and larger than family farm is one of the categories. Estimates are pretty clear, at least 10% of all marketings come from truly industrial-type corporations farms. The big feed lots, the first colony farms in North Carolina. Tenant, co and land make up 10%. Contractual integration is 15%. I think the true family farm is now less than half. I do not agree that a majority comes from the family farm. And at least 20%, probably 25, comes from the larger than family farm, which is not the big corporate, but just simply the multiple unit farm. The Mr. Benedict of Time Magazine is a good example if you read that story shortly before Christmas. That's the growing part. Why are these changes taking place? We're moving to a large corporate agriculture. Slowly not fast, but slowly. Just as the whole economy is going that way. Why are taking place? We said there's several reasons. We do not think it's technology. We think that technology is adequate for the average family farm as well as for the large one. We do not think that there's any necessary difference or appreciable difference. We think it's financing. And without taking time to go into all of it, that even the financial cost on operation. And here with General Oppenheimer, the issue is where they get the capital. The issue, is where's the capital coming from and what are the terms? He says let it come from off the farm. I'm saying, if you do that, you don't have the family farm in the traditional sense. you can still have the operator fully in charge of operations, but he doesn't own the land, he leases it. And this is one of the possibilities. And you'll live very well. I'll say in the moment, you're not gonna affect productivity very much it can work real well. It's a question of what kind of a country you want. What's your image, what's your goal? But the second and biggest reason, our tax rules. I know General Oppenheimer knows I'll come to that. I've argued with Ron Jarvis about this and so on. He is a very good manager of the lands. And I've read his cowboy arithmetic, and much of the cattle money came from tech shelter. The only sharp language I'm gonna use, because I get really provoked about it. Every time I go out somebody talks about a free enterprise economy. I said, \"Don't say that. \"Ours is not a free enterprise economy. \"It's an enterprise economy, but not free.\" You cannot have a free enterprise economy with a high tax economy. Because whenever you have a high tax economy, the terms of levying taxes becomes a major consideration in the organization and management of economic affairs. And what you've had is an enormous kind of in-time tax subsidy by income tax write off. And the significant thing about this, if you haven't studied this and economics and so on, the significant thing that has direct subsidy as through your deficiency payments is proportional to the size of the operation. They tax deduction is proportional to the tax bracket of the investor. Which means if you're in the 40% bracket, you get twice the value. If you're in the 20% from the 60% bracket, you get three times the benefit of being in the 20% bracket. So probably the present inflation in land value spurred in part by tax rules is creating a the land boom as simply putting land out of the reach to the ordinary farmer. It's simply is out of the rich to the ordinary farmer. And if this continues so that you cannot bring in new farmers generating their capital through their own operation, then of course, General Oppenheimer's absolutely right. Then you have to go either two routes. Either you have to have a federal program that makes capital available to young farmers. And by the way the New Farmers Home Administration has a very small, tiny program on a very selective basis. Will finance a few young farmers on a really very generous basis. Either that or you have the question of what are the terms of getting finance capital from urban sources? And this was really pretty much what the issue is about. What does it matter? I've already said a moment about that. I'm gonna try to be just as brief as he was considerate in that respect. All our economists has said in terms of having enough food for all the people in the United States, we think it doesn't matter. Our resources are so great, and we're still are far short of using all our productive resources. That we're gonna have enough food and fiber for our people and for export irrespective, because the big operation's well-managed, they're productive too. It's back to your really your sociopolitical goals. Concept of status, concept of, what do you want the man on the land to be? Also the community. Of all our committee among the various states we probably had more unanimity on this. Whenever you change from a family farm agriculture to an outside-ownership agriculture, however managed, you change the fabric of the local community. Because our most of our rural communities had been built upon the family, and particularly in Iowa and the Midwest, had been built upon the individual family farm and the service industries that go with it. And if you go to a large agribusiness agriculture, those service industries, not only with the status of the farmer be changed. Some of the income of course will be taken off because instead of having the incomes from all three roles, the farmer will have income from only one or two roles. And the other income will go off away from the locality. And then in a really large agribusiness agriculture or corporate agriculture, while your service industries will be located in the big cities, they will not be scattered among the county seat towns as you have now. Here again, I'm not arguing for or against. I'm willing to, but I don't think that's my role here. What I'm saying is that the consensus of the people whom I've worked with, who've worked at this say these are the considerations. Now there's only one other, and even though... I don't wanna make this a scare tactic, but almost all urban groups I've talked with will say. \"What would happen if you converted all agriculture \"just to relatively few corporations?\" But as I said, then of course you'd have an oligopoly agriculture, and we aren't even close to that. But of course, if you went all the way, if you wanna be a little bit scary, but went all the way, then of course you would have a kind of oligopoly power in the supplying of food that you aren't even close to having now. Then of course you would have some chance for the increased prices of food, protecting incomes to agriculture quite well. And almost all surveyed, to my knowledge, all surveys made of urban people will show the urban people to be just as much in favor of our traditional agriculture as farmers are, for somewhat different reason. One reason is they like the image of the independent, sturdy farmer. Kind of nostalgic, but still it's genuine. But the second is a little bit afraid of what might happen to the price of food, if agriculture and the food system got into relatively few hands. Now let me correct any misimpression I may have given. I don't think anything General Oppenheimer said had to do with concentrating in a few hands, but I'm saying that is one possible picture that some people have in mind. And so that is one slight negative. But the main points that we've talked about is really, what about the American dream? What about, does it matter what the role may be of the person who provides your food and fiber? Thank you very much.\r\n\r\n- General Oppenheimer, would you like to respond?\r\n\r\n- It's a matter of a philosophy in our differences of opinions here. I'll repeat back. If you, and I think this probably would apply to maybe half the people in the room here. If you have not got a family farm at the present time, or one that is adequate, and you have brothers and sisters who will inherit part of it. So you are going to have... And you wanna become a family farmer, you haven't got one yet in your 20s. You are going to have, if you want a decent operation that is economically feasible, you're gonna have to somehow get about $800,000 together. In other words, it's fine to preserve a family farm. But what about a lot of young guys as I say with brothers and sisters who want to become a family farmer and are not going to inherit a family farming combination. They are not going to inherit the $800,000 necessary. So they want to become, they wanna enter the business and become a family farm. Okay, 800,000 bucks, it's the price tag. How do you get the money? Right now, as I mentioned, you can find people who will buy the land next door to your farm so you can expand and rent it to you at 3% net. You might have to pay four, but you can probably get it at three to 4% net rent. Why are they willing to make an investment and only get a three to four? Might've inherited so that you can start competing on this market. So there is some advantage to you to be able to have access to this outside capital at cheaper than the 11 to 13% that you will have to pay the normal commercial sources if you borrow it. Now if a family farm, which I consider highly desirable is going to now, we're now getting into a different field as I ended my little discussion. We're not talking about who owns the family farm. The Boswell family own their family farms. Professor Breimyer's friends in the Imperial Valley presumably owned their 30,000 acres. They are not a family farm because they are now so big that they are employing great quantities of outside people and great quantities of machinery, and great quantities of this, that, and the other thing. So the size has now entered into the subject. And the question is, where should we take political action if necessary? And there are all kinds of things that can be done to restrict the size of farms or ranches getting any bigger. At what point do we want to stop them, to hinder them, and keep them from getting any larger? If that is what we're discussing, because after they get to a certain size, they are no longer a family farm and therefore no longer desirable, regardless of whether one family owns them or whether several families own them, or whether a corporation owns them. We're now talking about a different issue. How restrictive should we be as a matter of philosophy, not economics, philosophy. And there's nothing wrong with philosophy. As a matter of philosophy, how restrictive should we be for the good of the United States in limiting the amount of land or labor, agricultural labor that can be employed on one operation, whether it's owned by one man or a corporation? That is a different issue and one that we will address ourselves to right now. If a family farm is defined as one in which half of the existing labor is furnished by the family and only one additional hired hand, or a hired hand and his family is employed, and that's the definition, that's a position to take. That would mean normally today, 400 acres, presumably under cultivation, a cattle herd of four or 500 head. One thing about a cow is that she never knows whether it's Saturday or Sunday. So consequently, if you wanna get Saturday and Sunday off once in a while, and you don't have children that can hold a fort, even a three or 400 head herd is gonna take two people. So if you get up to six or 700 head, you have now gotten beyond the limits of a family farm as so defined. Now I'm not arguing this point. I just am asking everybody to recognize it. And maybe there's an element of a value to it. Is it desirable in the United States that nobody be permitted under a single control to farm over 500 acres, or to have a cattle herd over 700 head? There are various ways of ensuring that that will take place. One would be to put restrictive taxes on anybody that exceeds that amount. Another, as is happening in the California right now, that they're enforcing a 70 year old law that anybody using public water, water from a public project that was built by US citizens' income taxes is restricted to not having more than 160 acres under irrigation. That's got California in a state of considerable uproar, and also a few other states. If this is a public policy, if this is desirable, there's nothing wrong in it. This is why we elect congressmen and why we hire people to advise us. And maybe it's a good policy. I personally do not think it is, but if this is what needs to be done, fine. So if we have make the decision that we find it philosophically, not economically. Philosophically desirable to not have any agricultural enterprise cultivating more than 500 acres of land or 700 cows, this is a subject that could be reviewed. Thank you.\r\n\r\n- Dr. Breimyer, would you like to respond or?\r\n\r\n- As I remember... Is this on? As I remember from high school, only the affirmative got some rebuttal. The negative does not. Isn't that right, in debate? I'll get my points in during discussion.\r\n\r\n- Let's open it now to questions. And those in the back, if you have questions, please stand up so we can hear up here. We had problems last night with people from the back who couldn't hear. Yes.\r\n\r\n- Professor Breimyer is directly saying is, technology is a little bit indifferent in respect to farmers in different sizes. It seems to be one of the variables that you haven't talked about, is how many people loan farms, on this minimum size farm? I wondered in terms of this Farmers Home Administration Loan you said are generous, but few. How many applicants that are qualified are likely to apply to said loan, if they think they've got a chance?\r\n\r\n- This question of whether young people still want to farm came up at our seminar. We have another survey. But if my experience in our extension meetings... I'll get up here where I'd be seen. If my experience in our extension meetings... Is this still being recorded or not? All right, the question was, in case this is being recorded, we should always repeat the question, General. The question was, do people really want to play the old game when it's a tough game, of trying to accumulate some of the capital through in your own operations and so on. And by the way, General, I do not require the 800,000, because I am saying that the part-ownership is still not a bad deal. And if you had enough to get the leg, that would be substantial gain, I would say, to these young people. This question came up at our seminars, whether young people still wanted to be young family farms. And all I could say was that based upon... I teach classes in foreign policy, out in the state, kind of interesting thing. One night a week, the snowy weather is kind of rough. But if I read them right, they still do. I can't be sure, but my guess says that the Farmer's Home will get many more applicants than they have money for. In fact, they have often said that one of the most difficult features of a governmental program to do with is the screening. But the answer came back is, well who's been doing the screening? And the answer is all your rural bankers.\r\n\r\n- Would you like to say anything on the subject, on the question? Any other questions please? Yes.\r\n\r\n- This is for either one. If you had like a two or three generations family, like five or six kids per generation, and you multiply. And they did all the work on the family farm, and it kept increasing like I said, 1,000 acres per single family unit. What would that be considered after it acquired maybe 100,000 acres after the third generation, with ten sets of families? But yet still a family corporation. What would that be considered when they own all the land within the corporation, did all the work, and owned everything? Would be considered a corporate farm or a family farm? When they're all still related to be cousins or second cousins?\r\n\r\n- All right, let me respond first. And I'm sure the General will respond too. I was very careful not to say 500 acres and so on. I'm was talking only in terms of the labor force. I would say if they really did that, that would still be a family farm. I would say very fast it has been very rare, very seldom does his family stay that close to knit that they're really cooperative, and they stay and farm together. Sometimes you get two, maybe occasionally three, but almost always one or two of them decide that isn't really what they want to do or they get into fighting. One of the bigger problems where there are several children is, if they get one who wants to farm, the biggest problem he has is what his brothers and sisters are gonna, want blood they want, before he can have access to the farm. So I think definitionally, that would still be a family farm. I think practically it will happen very rarely.\r\n\r\n- And what do you say?\r\n\r\n- We're principally in the ranching and cattle business, more than in the farming end of it. But I have personally had an opportunity to observe a number of the major ranching families in the United States who have built a big empires. And the history of the family is almost like a choreography of a ballet. You can almost predict every step for each generation, because it's happened numerous times. And offhand, I can hardly think of an exception to what I'm about to tell you. The first, the great grandfather grabbed the land from the Indians about 110, 20 years ago. Then the grandfather doubled it and added to it. The son, the next generation, there are now about five families that own it. And they're all splitting up. One of the family maybe wants to stay in the place, and he runs it and he sort of holds it together. That's the father, one of the fathers. Then he dies. Now, there are none of the family left. And there's something about being in the cattle business, particularly of the old school, that makes you particularly feisty. So now there are 30 heirs or 40 heirs, and they're all fighting each other, and they're all in the courts. And no one is talking to each other. Most of the cousins don't even know each other. Half of them live in the Riviera, in France. The ones that ride horses are only doing it to play polo. It is a great big battle, and every major ranching family operation that I know of has followed that pattern. I would not call it particularly a family ranch anymore.\r\n\r\n- Yes.\r\n\r\n- Is there not a practical problem in where money is coming from? If we take our small banks in Iowa, and I judge in Missouri too, there is a limitation, a very serious limitation on the capital available. They want a quick turnaround. It seems to me that kinds of bankers are not very well acquainted with intermediate and long-term loans. And they should be. So where does the money come from that is needed in our family businesses?\r\n\r\n- I could go, but go ahead.\r\n\r\n- Go ahead. I'll follow you.\r\n\r\n- You've hit the nail on the head. Right. That's just the question. Where is it gonna come from? And if you have a good long-term relationship with your country banker, he will continue to support you. The country bankers aren't the country bankers they used to be, and they now have lots of competitive loans, and they frequently have stockholders to answer to themselves who are watching the annual earnings statement. So they're not about to make a loan to their old buddy or their old buddy's grandson, at two or 3% less than the prime rate which they at one time did. Now they want to get the same rate they can get by loaning to General Motors, or making loans on commercial paper, or a number of other things they can do so that the grandson of their old buddy is finding it increasingly difficult to get a loan out of his grandfather's bank. One way they can get around it to many, as I did cover previously is the old name of compensating balance. If you keep $100,000 in the bank in a checking account, and let the bank draw interest on it, then he will be quite inclined to loan you another $200,000 at a less than normal rate of interest, because effectively he's getting a very high rate from you. As far as long-term loans are concerned with banks, in the old days they would make 10 or 15 year loans. Today, it is extremely rare that you'll find any bank making more than a five-year loan. Most banks will not make more than a one-year loan. They want their capital back again, and they wanna be able to call the loan in the event they think things are going sour. So the banks are not a very good source of long-term capital. The insurance companies on the other hand are making long-term loans, but they are under pressure from their stockholders. And the days when they would make loans to young farmers and ranchers as a public service are gone forever. They don't even want to make small loans anymore. They want to make big ones, because their cost of servicing a big loan is not any greater than the cost of servicing five little ones. So the normal sources of borrowed capital are getting tougher and tougher, particularly for a young guy starting out.\r\n\r\n- Just a couple of comments. I agree with the General that the way the terms of many loans leave much to be desired. Our farm management specialist in Missouri tell me that they really can't say there hasn't been enough capital, that the local banks do re-discount and so on. They have relationships with city banks, and that are young farmers. The capital still is there. Or to put it differently, it'd be very hard for an agriculture worried about overproduction to say that it's under-capitalized. But what it is, as General just said, it's very selective as to who can get it. As a young farmer trying to get started is the one who has the most trouble, but one point that hasn't been made. The reason the land is priced so high out of their reach, so much so that those who do hold it make it available at 3% is that land has an additional value to those who can use it for their tax advantage, in that the tax that they in effect bid their tax advantage into the price of the land. And therefore, the price to those who do not have a tax advantage is beyond what they can earn from it. Whereas it's a perfectly good investment to those who do have some tax advantage in their ownership. And you put that along with continued inflation, the low capital gains tax, and you have the kind of a struck. What I'm trying to lead to is, if you had a different economy in agriculture, the price of land wouldn't be so high, then it would be easier for the younger farmers to buy it.\r\n\r\n- Yes.\r\n\r\n- The federal state tax really made a tilt towards the so-called family farm by saying that you can have this estate together for 15 years after debt, we can postpone the taxes and pay 4% interest on the loan. It seems to me that that's a policy decision that Congress has made to encourage the family farm as opposed to the corporate farm.\r\n\r\n- You'll both take this-\r\n\r\n- Yeah. You're absolutely right on that point. The most significant action taken by the Congress to my knowledge in the last decade has been that portion of the bill, so that a person that wants to preserve a farm in operation, through the family has a distinct break on inheritance taxes, where before a great number of the farms and the ranches were broken up, because there was no way they had the funds or ready cash to pay the taxes.\r\n\r\n- Do I see a Neil Harrow back here? I will call on you because... I'm gonna read your document on this real soon. I just keep putting it off and putting it off. I would say yes and no. I would say yes, I will say yes and no. When the action began to change the inheritance tax law to make concession for the family farm, it was to really give a break for the smaller family farm. That's happened so often, began this way, ended up is where the concession gets to be a little bit larger than I would really call a family farm. And it is really quite a concession. It has some aspects of it that I don't like very much. Boy, the legalisms. Neil, you know this. They call this the Tax Accountants and Lawyers Relief Act. They're gonna make an fortunate administering it. That it's gonna be real hard to separate out the one who really is an operating farmer from the one who is nominally a farmer from tax purposes. It's gonna be a real, real rough and it is so attractive. I'm a little bit afraid it's gonna be attractive to some of those are somewhat larger than I would call a genuine family farm. But this much I also wanna say, if you're really... Also one of the guests... If you're going to use inheritance tax to preserve family farming, it's got to be tough enough that once you get beyond the family farm size that it's got to force some breakup. That's the only way you keep from having is the continuing build up of size of estate that'll end up with the land of the gentry. But the only way as farms get bigger and bigger. to have then some parcels that young farmers can buy is to forest, let's say the 3000 acres to sell off a couple of 400 acre tracks, just to pick numbers out. And this is where you get the sharpest division in agriculture, because those who have the big farms don't want their estates... They don't want their kids to have to re-accumulate capital, I understand why. On the other hand, you let the estate get bigger and bigger, then you have no opportunity for the young farmer to come in. And this is the most divisive thing in agriculture right now.\r\n\r\n- If we hit a, which I don't believe in. But if we hit this philosophical point of saying we want to break up the larger farms and splinter them into smaller ones... I'm not certain that Dr. Breimyer really means that.\r\n\r\n- I do.\r\n\r\n- You do, okay.\r\n\r\n- But not small, smaller.\r\n\r\n- Okay now--\r\n\r\n- To 800 from 3000 that's way much.\r\n\r\n- If this is as a program, which of course we have never yet had in this country, it's a very simple matter to do it. The ones opposed to the exemption that the federal government did give to preserve the passing on of farms to the next generation without this very severe tax, we could reverse that and very quickly pass a bill, if Congress wants to do it, saying that any farm that involves over $500,000 of land will get a special punitive inheritance tax, like an extra 40%, 50%, 70%. They have that in England, by the way, 90%. If that is the way we wanna go in this country, fine. So somebody dies and he will be forced to sell his farm and break it up in parcels or sell it to somebody else because he won't have the money nor will his heirs have the money to pay a 80 or 90% inheritance tax. So that will bring a lot of land on the market very cheap.\r\n\r\n- One correction. We have indeed has such a law, Neil, when did it begin? 1914? We have had a graduated estate tax for around 60 years. How far off am I?\r\n\r\n- Yeah, sounds about right.\r\n\r\n- Oh, it doesn't matter the years. No General, we have had this policy. We have had a graduate estate tax. And by the way for the larger increments, it's fairly steep. You know the numbers. So this is not new. The only question is, what shall be the numbers that go into that curve? It's low. You have certain exemption, then the next income is very low. Next income a little higher. It's simply a graduated estate tax, we've had one for 60 years.\r\n\r\n- I've got a good story to tell.\r\n\r\n- Okay, go ahead.\r\n\r\n- Fortunately, I'm not inheriting anything from him. But I have a very, very wealthy stepfather, and we hardly talk to each other. Now I have a half sister who was a very strong supporter of Senator McGovern when he was running for president. And Senator McGovern had a bill that there would be a 100% inheritance tax, 100% on all a estates over $500,000. That was part of his program, so that nobody in the United States would ever inherit more than $500,000 again. So my sister was, as I say, was supporting this. My stepfather called her and said, \"Jean.\" He said, \"You don't have to worry \"about anybody inheriting more than $500,000 \"'cause I am disinheriting you right now.\"\r\n\r\n- He was first, go ahead.\r\n\r\n- Dr. Breimyer, I guess I'll give you a publicly open statement, not necessarily a question. But when can you see the potential of the agriculture... And I'd think you'd go to it's largely a matter of social or political goals. Secondly, it's a community solely for what he called agriculture. Well the same thing, the general feeling seems to be among both the rural and urban people, for what you term traditional agriculture. This seems to imply that there is some interest in how we assess our value, being what our social and political goal are.\r\n\r\n- I keep forgetting to repeat the question just for the record, and I'm not really sure I have... You gave me a three or four questions. Let me make sure I have it right. Do we know for sure of where we wanna go? I think we are not at all sure where we want to go. But in addition, and this leads to another point, and few people like Herb Powell are probably getting my extension letter. I've made this kind of preaching so often. U.S. agriculture does not really understand the kind of issues we are raising here tonight. The surveys, if you ask farmers what they really want for the future, they'll all vote for family farm. But you start asking what particular policies might lead to it, what you get is the dilemma between what I call farmer's non instinct for self-preservation. They do not understand the relationship between individual policies that look good to them on their own farm. Particular policies look good to their own farm, yet may harm family farming collectively. And the tax write-offs is one of them. The tax write-offs go to the individual farmer. And the individual farmer, all my students know it, 'cause I should have drum it into them. An individual farmer doesn't know that a small write off for him becomes magnified to a big write off to his non-farm competitor. This is a whole new area. Herb Powell, we talked price supports and everything for 30 years, we haven't talked this until the 1970s. The 1970s is the first time we've talked this subject. And of course the reason it came in the 1970s has such an escalation in land values, that suddenly it's a question of how to get capital, became a real genuine question. One of the strengths of family farm agriculture is weakness in policy-making. The very independence of the individual unit, this whole stalwart that we respected very much, at least I do, makes the farmer so concerned for his own operation that he doesn't have a real sharp consciousness of what kind of policies affect agriculture or farming as a whole. It's the micro versus macro, it's the individual versus the unit. And there's a long educational process going on. As I say, it's gonna be a real hard. But I think it's not a lack of sympathy with some of these things. I think it's just lack of understanding of what some of these policy issues are, which I assume is why this is on your program, and why you're here.\r\n\r\n- Just a minor point. After the 1976 tax bill, and the 1978 tax bill there are practically, as far as land ownership is concerned, no tax benefits of any magnitude that I know about. You cannot deduct prepaid feed. You cannot deduct prepaid interest. The government is extremely tough on any depreciation. The tax benefits that previously existed, have now become almost non-existent.\r\n\r\n- Yes, go ahead.\r\n\r\n- That's a little strong, non-existent, but a lot of pass.\r\n\r\n- Okay.\r\n\r\n- It seems to me that we have a myth, or is it a myth? That the family farm has higher production, is more concerned about the conservation of the land, as well as pulls that local community together. Now, can you compare the two? The family farm and the corporate farm in all three of those things?\r\n\r\n- All right.\r\n\r\n- The question was, what about some of these so-called virtues of the family farm holding the community together, conservation and so on? I think family farmers should be just a little bit careful when claiming too much virtue for themselves. I sometimes tell my audiences, \"Don't break your arm patting yourself on the back.\" And I think to some extent, the differences between farmers and non-farmers are narrowing. I don't think there's that much difference. I personally think that the family farm has done reasonably well in conserving the soil. I think they do have this traditional respect for the soil and what they're doing. On the other hand, I know some who are not doing the job either. In some respects, a large corporate agriculture, if it were geared the right way, might be more effective in good soil conservation practices, because if the manager said, \"You're all gonna terrace.\" They'd all terrace. Whereas now if you go out in the county and say, \"You all ought to terrace,\" half of them will terrace and half of them wouldn't. And now then you get in this state, don't tell me the family farmers, they're all the virtuous and so on. I didn't use that argument. Neither did you. I respect them, but I don't think that is really the question. On the other hand, all the sociological question as to whether areas of proprietary agriculture are better by the tests of participation in local government and so on and so forth, as against wage labor agriculture, or even for that matter contractee agriculture, as in broilers. Almost all the surveys give the same results. That there is a difference, and this is genuine and not just pretending. While we're talking about them, another thing, just see whether you wanna go back to a caste system. And Iowa is rather free of caste system, because of family farm agriculture. When you go through three levels, when you stratify your community, you do change the sociology of it. I'm quite sure of that.\r\n\r\n- Would you like to respond?\r\n\r\n- Well, one point, it's somewhat to drag them from the side. We have represented a fair number of foreign buyers of agricultural land, particularly from a West Germany. This is a subject I've had to go into quite detail. The total amount of foreign ownership of U.S. agricultural land or ranching land all over the country as far as the USDA has been able to determine at this point is somewhere between half of 1% and three tenths of 1%. So it's nothing very dramatic. However, the people that we've been associated with, particularly the Germans, when they have acquired the properties, they have employed... They put a lot of capital into improving the soil and improving the place, much more so than any of our U.S. clients would normally do. And much more so than people in the neighborhood have traditionally done. So for this particular group of American landowners, West Germans, they are certainly a major asset to the local communities in which they own properties. And they have in many cases participated in local affairs. And in every way that I know of have been excellent neighbors.\r\n\r\n- Yes.\r\n\r\n- General, you said before that you would wanna have a punitive pass on estates over $500,000. Like the farmer had two or three sons, and you said he had to have 300 to 400 acres to make a living at it. That would be anywhere from 600 to 1200 acres, which would make his estate ove 500,000, a million and a half. And since you'd have a punitive tax over 500,000, it would break up the farm that he'd want his son to have. But then really wouldn't break it up, because if he is a smart farmer, he'd have $2 million worth of life insurance on his self anyway take care of estate taxes when he died. So really would that punitive tax be really worth the effort to put into law when we might not affect.\r\n\r\n- The question was, if there was a punitive tax that was 100% confiscatory, for an estate over half a million dollars... By the way, I personally am very much opposed to anything like that. Right, right. But I'm just saying a punitive tax of that nature would be very effective in breaking up large holdings.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116779#t=0.0,3946.344"}]}]},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780","type":"Canvas","label":{"en":["Media File 2 of 2 - 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[Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Which professor Brian Maher fields might be desirable,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=21.17,25.61"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from a sociological and philosophical basis.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=25.61,29.339"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which I'm sure he's not saying it would be desirable,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=29.339,31.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from an American economical basis, but for other reasons","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=31.74,35.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he may be in his opinion, he believes that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=35.57,38.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I personally do not, okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=38.52,40.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, if there was a $500,000,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=40.49,43.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a 100% tax over a $500,000 estate, which is very close","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=43.48,48.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to what they have in England, their, the insurance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=48.17,53.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that a wealthy far seeing farm owner could carry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=53.47,58.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let's say $2 million worth of insurance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=59.94,62.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to pay the estate tax if he died,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=62.66,65.053"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's very, very expensive, you'll understand.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=66.88,70.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not very many people can afford any two million dollars","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=70.14,73.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of life insurance, that's, that's a big item.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=73.11,75.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Second, the $2 million itself is part of the estate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=75.92,80.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it doesn't go into the estate tax free,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=80.79,82.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's part of your estate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=82.86,84.233"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The, it's a tax of that sort, if that is what is desired","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=86.78,91.78"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the government, and the people who elect the government,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=93.84,96.823"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would be extremely effective in breaking up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=97.75,100.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"any usable track of land, and if the man had three sons,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=100.87,105.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they were all going to inherit a 500 acres of Iowa land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=105.86,110.023"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there is no way he could pass 1500 acres of good Iowa land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=111.07,116.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"down to his three sons, if there was a 100%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=116.28,120.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"inheritance tax, over half a million.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=120.06,122.083"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Just for the record, I did not suggest to 500,000,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=126.6,130.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I never used the word punitive, I wouldn't because","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=130.52,132.857"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's a loaded term, and I don't use that kind of term.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=132.857,136.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All I said was, if you want to preserve family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=136.19,139.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"agriculture, this is an if, then you do have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=139.65,142.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have a graduated inheritance tax, which indeed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=142.65,145.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we have had, for 60 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=145.27,147.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now just where, where it graduates during,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=147.51,150.297"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where it flexes as a matter of decision.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=150.297,153.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it's not a, a sharp cutoff, a grad, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=153.75,156.41"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a graduated one is not, is not a cutoff one.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=156.41,159.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, if I relieve any general idea, again,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=159.51,163.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you want it, if this is genuinely the goal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=163.28,166.86"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then various kinds of taxes, as well as subsidies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=166.86,170.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I, I would always argue for the graduation principle.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=170.44,173.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm one, this may surprise you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=173.53,175.06"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not in favor of the absolutely sharp cutoff,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=175.06,177.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in size or direct benefit, direct payments to farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=177.19,180.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would graduate it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=180.67,182.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say, after the family size farm, the, the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=182.09,185.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you begin to factor down the deficiency, direct payment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=185.21,188.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on your farm programs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=188.75,189.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you want your farm programs, as the preamble sales,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=189.82,192.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to favor the family farm, you have the highest rate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=192.59,194.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the family farmer, a little bit lower for the next size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=194.87,197.327"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a little bit lower for the next size,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=197.327,198.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you'll have a sharp cutoff.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=198.54,199.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I just wanna be sure that, not to be misunderstood,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=199.66,202.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I did not talk, you were somebody quoting one proposal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=202.75,205.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of a, of a candidate for president.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=205.36,207.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But otherwise, neither of us has really said that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=207.36,210.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would be a practical thing to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=210.22,212.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Can we see if there's someone else first,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=216.46,218.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"any other questions?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=218.12,219.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=221.5,222.333"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay, on the taxes and waste graduate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=223.554,226.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the individual basis as the more you make,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=226.08,228.382"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the more you pay taxes, isn't the way","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=228.382,231.11"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the American government said that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=231.11,232.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's why the family farm is turning into a corporate,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=232.84,235.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like subchapter death, because you only pay like,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=235.92,239.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"up to a certain percentage, instead of being graduated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=239.03,242.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the way up like to 75% bracket in, like in","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=242.84,246.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"corporate sub-chapter estimates, dealing with 50 or 60%,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=246.39,249.98"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you actually saying, the more, isn't the way the tax law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=249.98,252.65"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"set up turning the American farm to a corporate farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=252.65,256.67"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to save money on taxes?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=256.67,258.503"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I'll leave that to the general,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=260.36,262.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although I wanna make it real clear, when I talked about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=262.58,265.25"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the industrial corporation farm, I didn't 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on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=269.81,271.969"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(coughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=271.969,272.802"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes of course, the, the corporation tax is less graduated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=272.802,276.33"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than individual, but then of course, the individuals","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=276.33,278.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are receiving money from the corporation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=278.49,280.47"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some even graduated from their own income,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=280.47,282.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but this is more your field.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=282.48,284.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e The, neither when we, whether it's one family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=284.68,289.54"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that incorporated to save taxes, that is not what we meant,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=289.54,294.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by a corporate farm, versus say a, individual family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=294.31,298.44"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, in other words, a family that owned all the 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farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=303.76,307.033"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The, there is a savings to be made,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=309.18,312.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and answer to your question, by incorporating,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=312.31,314.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but much more important than that, and I can't tell you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=314.95,318.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how strongly I advise everybody that's involved in this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=318.08,320.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do it, is if you're a member of a large family,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=320.84,324.36"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you've got a father, a grandfather that owns","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=324.36,327.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a lot of agricultural property, for God's sakes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=327.89,332.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"prior to get him to incorporate, so that if he does die,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=332.88,337.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at least the heirs can have some kind of manner","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=338.07,343.07"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of legally voting, so that a majority of the stockholders,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=344.34,348.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"being all the members of the family, if that's who they are,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=348.53,351.83"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by a numerical vote, can make a decision,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=351.83,355.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how they can elect one guy in the family,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=355.93,358.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who can make a decision, rather than end up in the courts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=358.3,362.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with everybody battling, and half the income from the farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=362.92,367.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"going to pay legal fees.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=367.14,368.743"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes, please.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=377.17,378.003"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(coughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=379.685,382.2"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Addressing the concept that, preserving family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=382.2,386.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a social political structure, that is rare in a certainly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=386.84,391.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rural society, where favoritism in rural society,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=393.143,398.143"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is more than just the farms, as you alluded to it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=398.41,401.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's the, it's the small towns,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=401.31,404.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and businesses connect with that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=404.32,407.21"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now whereas so many people carefully,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=407.21,409.96"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in an agricultural institution like this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=409.96,411.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"address themselves (indistinct).","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=411.77,413.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A family farm, the young farmer getting started","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=413.66,416.116"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in agriculture and agriculture being controlled,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=416.116,419.68"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no one seems to be too concerned, about what's happening","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=419.68,422.24"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the main street of these towns.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=422.24,424.74"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Where in my mind, I see more and more company stores,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=424.74,428.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"chain stores, coming in rural areas, drill towns,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=428.66,433.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no one's concerned with, everyone's concerned whether,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=434.79,437.75"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the son of a farmer, can start a farm himself.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=437.75,441.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No one's concerned with the son of the store owner,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=441.23,444.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who can go out and start his own stores,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=444.31,446.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like his father did or his grandfather did.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=446.14,449.096"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e To me it's quite difficult for someone who wants","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=449.096,451.51"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to go out to say, I want to be a grocery store","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=451.51,454.49"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"owner and manager, and gets it started, is more difficult","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=454.49,458.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than it is for, a young man who wants to be a new farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=458.01,462.209"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Look, my point is that, heroin has similar programs,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=462.209,464.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to help that person out (murmuring).","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=464.88,466.647"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Unless you observe this also, aren't you going to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=471.43,475.273"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have problems preserving the social political structure,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=475.273,477.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you really want to maintain?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=477.85,480.093"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Well, first answer of the question was,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=484.18,486.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wondered about, who's gonna own and control businesses?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=486.56,490.23"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Of course, the first answer is, that wasn't our subject,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=490.23,492.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this we weren't addressing it, we weren't asked to.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=492.9,495.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So all I would say is that, to some extent, to some extent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=495.66,500.66"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is just one facet of a, of a bigger question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=501.61,504.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm teaching a young undergraduate course in policies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=504.63,509.63"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We start with greening of America, and Hazel Henderson,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=510.23,514.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the thesis you've heard so often that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=514.02,516.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're just caught up in an enormous bureaucracy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=516.31,519.31"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where the individuals lost and so on and so forth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=519.31,521.42"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Alien nations, a word they use.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=521.42,523.253"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think to some extent, one reason that you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=524.16,526.801"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in fact, I know this, Whitney Griswold a historian","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=526.801,529.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"said that some 30 or 40 years ago.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=529.56,531.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One reason the urban public at large, has a much let's say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=531.93,536.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a sympathetic and empathetic interest in the family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=539.06,543.3"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they see this is the last area,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=543.3,545.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you still have, private entrepreneurship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=545.99,548.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as the profiling form.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=548.89,549.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They said they didn't want it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=549.8,550.76"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They, they've lost at every place else,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=550.76,552.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they don't wanna lose it here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=552.87,554.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I would say your question is, is, is a genuine question,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=554.38,557.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's a different question for different session.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=557.79,560.02"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that the parallel there, is I think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=560.02,563.05"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather interesting, that to some extent,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=563.05,564.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one reason this question does come up about family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=564.88,567.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is at least, here is one area where you still do have,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=567.92,571.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"pride without a premiership.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=571.04,572.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Do you want to save it for this one last area?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=572.28,574.58"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You want to respond to that gentleman?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=578.25,579.843"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=580.818,582.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have time for couple more questions, if anyone has any.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=582.12,585.793"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, I'ma step away from formal a little bit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=588.73,590.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then ask the question myself.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=590.95,593.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Last night, professor Gurley was addressing himself to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=593.08,596.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the future of American economy, and he laid out a rather","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=596.15,600.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"pessimistic future for capitalism.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=602.09,604.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I just like to ask our participants, how they view","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=604.28,608.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"agricultural business in a, in the framework","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=609.74,614.017"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of capitalism versus socialism.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=615.7,617.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is it our last, is it the last bulwark of capitalism,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=617.39,621.69"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or is socialism, as Dr. Gurley said last night, inevitable?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=621.69,626.423"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(murmuring)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=628.921,631.254"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I, I think, particularly looking at a group,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=633.02,637.15"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the majority of people here are students just starting out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=637.15,640.08"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I really don't think that there has been a time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=640.08,644.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the history of our country, in the last a hundred years,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=644.46,648.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where there is more opportunity for a young man with brains","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=648.26,653.26"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and energy and the ability to work hard,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=653.87,657.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that doesn't mean just a young man or a young woman,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=657.0,659.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than there is right today, that in our case,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=659.71,664.71"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we are for investors.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=665.46,667.32"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The first thing any of our people try to find,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=667.32,670.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is somebody that can run it, that somebody that is capable,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=670.01,675.01"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is willing to work hard.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=675.252,677.523"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These, this is getting to be a rare phenomenon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=678.55,682.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the United States today, and the guy or the lady","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=682.89,687.19"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is willing to do it, has almost a vacuum,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=687.19,691.18"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that she can move, he or she could move into.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=691.18,693.563"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The, if you're willing to do it, you'll,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=695.09,698.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't think that there, everybody is trying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=698.52,701.57"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to line up with you, you can get all the capital you want,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=701.57,706.163"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you're capable, and have the drive and energy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=707.06,710.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like our fathers and grandfathers had, there is no limit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=710.77,715.14"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to what can be done today, and I don't think that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=715.14,717.92"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ever in the history of the United States,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=717.92,720.39"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is there more opportunity than there is right now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=720.39,723.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this is under our present capitalistic system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=723.03,725.53"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e How do you look at it?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=774.13,774.963"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How do you characterize it?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=774.963,776.93"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some major changes are taking place.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=776.93,779.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have changed the structure into what,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=779.17,780.56"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it is dominated by large groups, it really is.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=780.56,783.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Good, for good or bad, it really is.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=783.84,786.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The restore spaces is going through an alteration.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=786.09,789.27"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We were a, you've heard this so often,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=789.27,791.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's worth hearing again.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=791.38,792.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We were a pioneer nation until about two generations ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=792.94,796.8"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when we thought of Sarah South says,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=796.8,798.147"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"I'm in love with physical resources.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=798.147,799.79"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now we know we don't, we are an occupied country now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=799.79,803.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We know that certain other resources are being,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=803.5,806.34"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"becoming scarcer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=806.34,807.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Can we make the adjustment?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=807.89,809.37"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is this gonna change the economy?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=809.37,810.84"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Who's gonna own and control?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=810.84,811.9"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Who's gonna provide the capital?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=811.9,813.5"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think that to talk in terms of whether,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=814.73,816.43"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're gonna have capitalism or socialism is an,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=816.43,818.64"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is, is not a service, I think it's a disservice.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=818.64,821.95"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The question is, what, how do you marshal","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=821.95,825.22"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our combined intellects, I hope our moral standards,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=825.22,828.82"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our sense of fairness and justice, so that you can","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=828.82,831.09"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"deal with these things?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=831.09,832.88"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You dare convert, the remaining holders of the fossil fuel","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=832.88,836.59"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"energies in, into big monopolous, from monopoly pricing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=836.59,840.55"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which is a very real possibility we after,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=840.55,842.6"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I hope you get into that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=842.6,843.94"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How do, how do you deal with an, with an economy where","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=843.94,847.17"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at one time you had plentiful energy resources,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=847.17,850.87"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now they aren't plentiful and there, and","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=850.87,852.52"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and with OPEC creating an, an oligopoly shelter for it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=852.52,855.99"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These are, and you don't, you don't, you don't solve this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=855.99,858.38"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I tell my, I tell my students and I know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=858.38,860.28"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Dr. General Oppenheimer will agree with me,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=860.28,862.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you don't solve by throwing on epigrams.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=862.48,864.77"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You've seen, they address it, and what are the pros","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=864.77,866.537"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and cons, and I'm real glad that you're all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=866.537,868.459"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm kinda glad you're giving us this chance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=868.459,870.46"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because I wanna repeat my respect for the fact that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=870.46,872.12"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you all would come out in a snowy night,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=872.12,874.03"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and begin to think about some of these things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=874.03,875.85"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think the issue is, if I'm not as optimistic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=875.85,879.04"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as General Oppenheimer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=879.04,879.873"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not a terrible pessimistic either.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=879.873,882.0"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I like to use the words from South Pacific,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=882.0,883.89"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm just not a cockeyed optimist, thanks very much.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=883.89,886.028"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience laughing)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=886.028,889.028"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, if there's no further questions,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=890.92,892.48"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"thank you for coming and, can we give a warm applause.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=892.48,894.546"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience applauding)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=894.546,897.713"},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience murmuring)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=905.58,908.663"}]},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28979/annotation/262","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/028/979/original/AV168050_Family_or_Corporate_America_b.vtt?1622850108","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/028/979/original/AV168050_Family_or_Corporate_America_b.vtt?1622850108"}]},{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28980","type":"AnnotationPage","label":{"en":["AV168050_Family_or_Corporate_America_b.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780/transcript/28980/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- Which professor Brian Maher fields might be desirable, from a sociological and philosophical basis. Which I'm sure he's not saying it would be desirable, from an American economical basis, but for other reasons he may be in his opinion, he believes that, I personally do not, okay. Now, if there was a $500,000, a 100% tax over a $500,000 estate, which is very close to what they have in England, their, the insurance that a wealthy far seeing farm owner could carry, let's say $2 million worth of insurance, to pay the estate tax if he died, that's very, very expensive, you'll understand. Not very many people can afford any two million dollars of life insurance, that's, that's a big item. Second, the $2 million itself is part of the estate, it doesn't go into the estate tax free, that's part of your estate. The, it's a tax of that sort, if that is what is desired by the government, and the people who elect the government, that would be extremely effective in breaking up any usable track of land, and if the man had three sons, and they were all going to inherit a 500 acres of Iowa land, there is no way he could pass 1500 acres of good Iowa land, down to his three sons, if there was a 100% inheritance tax, over half a million.\r\n\r\n- Just for the record, I did not suggest to 500,000, I never used the word punitive, I wouldn't because that's a loaded term, and I don't use that kind of term. All I said was, if you want to preserve family farm agriculture, this is an if, then you do have to have a graduated inheritance tax, which indeed we have had, for 60 years. Now just where, where it graduates during, where it flexes as a matter of decision. But it's not a, a sharp cutoff, a grad, you know, a graduated one is not, is not a cutoff one. In fact, if I relieve any general idea, again, if you want it, if this is genuinely the goal, then various kinds of taxes, as well as subsidies, I, I would always argue for the graduation principle. I'm one, this may surprise you, I'm not in favor of the absolutely sharp cutoff, in size or direct benefit, direct payments to farmers. I would graduate it. I would say, after the family size farm, the, the you begin to factor down the deficiency, direct payment, on your farm programs. If you want your farm programs, as the preamble sales, to favor the family farm, you have the highest rate from the family farmer, a little bit lower for the next size and a little bit lower for the next size, but you'll have a sharp cutoff. So I just wanna be sure that, not to be misunderstood, I did not talk, you were somebody quoting one proposal, of a, of a candidate for president. But otherwise, neither of us has really said that, that would be a practical thing to do.\r\n\r\n- Can we see if there's someone else first, any other questions? Go ahead.\r\n\r\n- Okay, on the taxes and waste graduate, on the individual basis as the more you make, the more you pay taxes, isn't the way that the American government said that, that's why the family farm is turning into a corporate, like subchapter death, because you only pay like, up to a certain percentage, instead of being graduated all the way up like to 75% bracket in, like in corporate sub-chapter estimates, dealing with 50 or 60%, you actually saying, the more, isn't the way the tax law set up turning the American farm to a corporate farm, to save money on taxes?\r\n\r\n- I'll leave that to the general, although I wanna make it real clear, when I talked about the industrial corporation farm, I didn't mean the family farm, the chap subchapter farm, I was talking about the tenant CO's and so on. Yes of course, the, the corporation tax is less graduated than individual, but then of course, the individuals who are receiving money from the corporation, some even graduated from their own income, but this is more your field.\r\n\r\n- The, neither when we, whether it's one family that incorporated to save taxes, that is not what we meant, by a corporate farm, versus say a, individual family farm, I mean, in other words, a family that owned all the stock of a corporation that owned a small farm, like any definition would be a family farm. The, there is a savings to be made, and answer to your question, by incorporating, but much more important than that, and I can't tell you how strongly I advise everybody that's involved in this to do it, is if you're a member of a large family, and you've got a father, a grandfather that owns a lot of agricultural property, for God's sakes, prior to get him to incorporate, so that if he does die, at least the heirs can have some kind of manner of legally voting, so that a majority of the stockholders, being all the members of the family, if that's who they are, by a numerical vote, can make a decision, how they can elect one guy in the family, who can make a decision, rather than end up in the courts, with everybody battling, and half the income from the farm going to pay legal fees.\r\n\r\n- Yes, please.\r\n\r\n- Addressing the concept that, preserving family farm, is a social political structure, that is rare in a certainly rural society, where favoritism in rural society, is more than just the farms, as you alluded to it, it's the, it's the small towns, and businesses connect with that. Now whereas so many people carefully, in an agricultural institution like this, address themselves . A family farm, the young farmer getting started in agriculture and agriculture being controlled, no one seems to be too concerned, about what's happening on the main street of these towns. Where in my mind, I see more and more company stores, chain stores, coming in rural areas, drill towns, no one's concerned with, everyone's concerned whether, the son of a farmer, can start a farm himself. No one's concerned with the son of the store owner, who can go out and start his own stores, like his father did or his grandfather did.\r\n\r\n- To me it's quite difficult for someone who wants to go out to say, I want to be a grocery store owner and manager, and gets it started, is more difficult than it is for, a young man who wants to be a new farmer. Look, my point is that, heroin has similar programs, to help that person out . Unless you observe this also, aren't you going to have problems preserving the social political structure, that you really want to maintain?\r\n\r\n- Well, first answer of the question was, I wondered about, who's gonna own and control businesses? Of course, the first answer is, that wasn't our subject, and this we weren't addressing it, we weren't asked to. So all I would say is that, to some extent, to some extent this is just one facet of a, of a bigger question. I'm teaching a young undergraduate course in policies. We start with greening of America, and Hazel Henderson, and the thesis you've heard so often that, we're just caught up in an enormous bureaucracy, where the individuals lost and so on and so forth. Alien nations, a word they use. I think to some extent, one reason that you, in fact, I know this, Whitney Griswold a historian said that some 30 or 40 years ago. One reason the urban public at large, has a much let's say, a sympathetic and empathetic interest in the family farm, because they see this is the last area, where you still have, private entrepreneurship as the profiling form. They said they didn't want it. They, they've lost at every place else, they don't wanna lose it here. So I would say your question is, is, is a genuine question, it's a different question for different session. But I think that the parallel there, is I think rather interesting, that to some extent, one reason this question does come up about family farm, is at least, here is one area where you still do have, pride without a premiership. Do you want to save it for this one last area? You want to respond to that gentleman? Okay. We have time for couple more questions, if anyone has any. Well, I'ma step away from formal a little bit, and then ask the question myself. Last night, professor Gurley was addressing himself to the future of American economy, and he laid out a rather pessimistic future for capitalism. And I just like to ask our participants, how they view agricultural business in a, in the framework of capitalism versus socialism. Is it our last, is it the last bulwark of capitalism, or is socialism, as Dr. Gurley said last night, inevitable?\r\n\r\n- I, I think, particularly looking at a group, the majority of people here are students just starting out. I really don't think that there has been a time in the history of our country, in the last a hundred years, where there is more opportunity for a young man with brains and energy and the ability to work hard, and that doesn't mean just a young man or a young woman, than there is right today, that in our case, we are for investors. The first thing any of our people try to find, is somebody that can run it, that somebody that is capable, that is willing to work hard. These, this is getting to be a rare phenomenon in the United States today, and the guy or the lady that is willing to do it, has almost a vacuum, that she can move, he or she could move into. The, if you're willing to do it, you'll, I don't think that there, everybody is trying to line up with you, you can get all the capital you want, if you're capable, and have the drive and energy like our fathers and grandfathers had, there is no limit, to what can be done today, and I don't think that, ever in the history of the United States, is there more opportunity than there is right now, and this is under our present capitalistic system.\r\n\r\n- How do you look at it? How do you characterize it? Some major changes are taking place. We have changed the structure into what, it is dominated by large groups, it really is. Good, for good or bad, it really is. The restore spaces is going through an alteration. We were a, you've heard this so often, but it's worth hearing again. We were a pioneer nation until about two generations ago, when we thought of Sarah South says, \"I'm in love with physical resources.\" Now we know we don't, we are an occupied country now. We know that certain other resources are being, becoming scarcer. Can we make the adjustment? Is this gonna change the economy? Who's gonna own and control? Who's gonna provide the capital? And I think that to talk in terms of whether, we're gonna have capitalism or socialism is an, is, is not a service, I think it's a disservice. The question is, what, how do you marshal our combined intellects, I hope our moral standards, our sense of fairness and justice, so that you can deal with these things? You dare convert, the remaining holders of the fossil fuel energies in, into big monopolous, from monopoly pricing. Which is a very real possibility we after, I hope you get into that. How do, how do you deal with an, with an economy where at one time you had plentiful energy resources, now they aren't plentiful and there, and and with OPEC creating an, an oligopoly shelter for it. These are, and you don't, you don't, you don't solve this, I tell my, I tell my students and I know Dr. General Oppenheimer will agree with me, you don't solve by throwing on epigrams. You've seen, they address it, and what are the pros and cons, and I'm real glad that you're all, I'm kinda glad you're giving us this chance, because I wanna repeat my respect for the fact that, you all would come out in a snowy night, and begin to think about some of these things. And I think the issue is, if I'm not as optimistic as General Oppenheimer, I'm not a terrible pessimistic either. And I like to use the words from South Pacific, I'm just not a cockeyed optimist, thanks very much. Well, if there's no further questions, thank you for coming and, can we give a warm applause.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/1150/collection_resources/43685/file/116780#t=0.0,1026.504"}]}]}]}