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tetedur

(1,306 posts)
4. Carter's peanut farm was put into a blind trust. Because of mismanagement by the trustees the farm was sold after
Wed May 28, 2025, 12:26 PM
May 28

Carter was out of office.
https://www.usatoday.com/story/news/factcheck/2023/02/24/fact-check-jimmy-carter-put-peanut-farm-blind-trust-during-term-president/11340029002/


Carter put his family-owned peanut business into a blind trust in 1976 before he took office in 1977, as reported by the Washington Post.

It was one of several measures Carter announced before his inauguration to avoid potential conflicts of interest and other ethical concerns, as he outlined in a 1977 statement included in the New York Times digital archive.
. . .
When reached for comment by USA TODAY, Occupy Democrats founder Omar Rivero said “gave up” would’ve been a more accurate term than “sold." He acknowledged the sale of the peanut farm happened after Carter left office.

The Carters sold the peanut farm in March 1981, shortly after Carter left office following a failed bid for a second term. Years of drought and changes in warehouse management had left the Carters with more than $1 million of debt at that point, according to the Plains Historical Preservation Trust.

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