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An Open Letter

To: Sen. Alsobrooks, Rep. Hoyer, Sen. Van Hollen

From: A constituent in North Beach, MD

May 15

Investigate Farmland Losses, Vance Conflicts, Project 2025 Demand Oversight: Farmland Crisis and Conflicts of Interest I am writing to request an immediate investigation into how recent policy decisions under the Trump administration have devastated American farmers while financially benefiting Vice President JD Vance through his investment in AcreTrader—a private farmland investment platform. Since the administration took office in January 2025, it has dismantled critical agricultural and foreign aid programs, including USAID’s Food for Peace, USDA’s Food for Progress, and long-standing international commodity support contracts. Over $2 billion in food aid was frozen or canceled, agricultural research partnerships with land-grant universities were abruptly terminated, and rural development grants slashed—all under the banner of “efficiency” promoted by the Department of Government Efficiency (DOGE). These cuts gutted demand for U.S. crops, destabilized export relationships, and left small and mid-sized farmers financially exposed. According to USDA filings, Chapter 12 farm bankruptcies have increased by over 30% since mid-2025. Simultaneously, private investment platforms have acquired more than 3.5 million acres of U.S. farmland—much of it in distressed sales driven by policy-induced market failure. One of those platforms, AcreTrader, received Series B funding from JD Vance’s firm Narya Capital—an investment he retained during and after his Senate campaign and now while serving as Vice President. This is a textbook conflict of interest: a sitting official with the power to shape agricultural policy has directly profited from the collapse of farmer protections. This pattern cannot be separated from the broader agenda outlined in Project 2025, a plan to remake the federal government by: • Dismantling agencies like USAID and USDA; • Outsourcing public goods to private investors; • Empowering a small, ideologically vetted ruling class; • Replacing equity-based programs with racialized favoritism; • Consolidating national resources—like farmland—into fewer hands. The farmland crisis is not an unintended consequence. It is a deliberate outcome of policies crafted to hollow out public infrastructure and enrich political insiders. I call on Congress to: • Refer this matter to the Senate Agriculture and House Oversight Committees; • Investigate Vance’s financial interests in AcreTrader and Narya Capital; • Audit farmland transfers and foreclosures since 2025; • Restore USDA and USAID programs that protect food security and farmers; • Confront Project 2025’s ideological influence on U.S. policy and ethics. American farmland should never be used as a tool for political enrichment. Congress must act now to expose this crisis and ensure that our agricultural future serves the public—not private profiteers.

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